Construction was the activity that registered the greatest growth, with an increase of 11.7% in August compared to the same month in 2020
Taken from Diario Libre
The Central Bank of the Dominican Republic (BCRD) reported this Sunday that the Monthly Indicator of Economic Activity (IMAE) shows an accumulated variation to August 2021 of 13.0%, maintaining the dynamism it has been registering during the current year.
Specifically, the Central Bank of the Dominican Republic (BCRD) indicated that in August there was an increase of 11.7% compared to the same month in 2020.
He explained that the behavior observed in the Dominican economy continues in line with the GDP growth prospects for the end of the year, which point to a year-on-year expansion rate of double digits, that is, 10% or more, once again placing the Dominican Republic among the countries that would lead the economic performance of the Latin American region.
The Central Bank also detailed in a statement that nominal GDP would increase from US$78,829.0 million in 2020 to US$91,561.3 million in 2021, surpassing its pre-pandemic level.
“As the International Monetary Fund (IMF) , this will be one of the first countries in the region to recover its per capita income,” the Central Bank stated.
Analyzing the details of the economy's performance in January-August 2021, the Central Bank of the Dominican Republic (BCRD) specified that the activities that registered positive year-on-year growth rates in their real value added were: construction with a 32.4% share; hotels, bars and restaurants with 26.6%; Free Zone manufacturing with 26.3%; and transportation and storage with a 14.6% share.
Furthermore, the BCRD statement indicates that local manufacturing has a share of 12.4%; trade of 11.4% and mining and quarrying of 9.2%.
Also noteworthy are energy and water with a 3.9% share; communications 3.6%, and other services 3.3%. Real estate and rental activities accounted for 2.5%, and agriculture 2.1%.
