Dominican economy grows 7.1% in 2014

The Dominican Central Bank unveiled preliminary figures on the performance of the Dominican economy during 2014, showing a 7.1% growth rate, the highest in Latin America. Inflation for 2014 stood at 1.58%, the lowest in the last 30 years, and the second lowest in Latin America.

All sectors in the economy grew at rates ranging from 4.7% (retail businesses),  7.9% (tourism), and 8.6% (financial services)  to 11.4% (construction) and 20.9% (mining).

[January 2015]