The Dominican Republic's economy advanced 5.7 percent year-on-year in the first quarter of 2019, easing from a 6.3 percent expansion in the previous period. It was the weakest growth rate since the third quarter of 2017, as gross fixed capital formation rose 9.7 percent slowing from a 14.7 percent increase in the prior quarter. On the other hand, household consumption (4.4 percent from 3.9 percent in Q4) and government spending (5.1 percent from 4.8 percent) went up further. Net trade contributed negatively to the GDP, as imports increased 6.8 percent (vs 8.9 percent in Q4) and exports advanced at a slower 4.9 percent (vs 3.2 percent in Q4). GDP Annual Growth Rate in Dominican Republic averaged 5.53 percent from 1992 until 2019, reaching an all time high of 14 percent in the second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003.
GDP Annual Growth Rate in Dominican Republic is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Dominican Republic to stand at 5.50 in 12 months time. In the long-term, the Dominican Republic GDP Annual Growth Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.