Dominican GDP grows 4.1% in 2013

The Central Bank announced recently that the Dominican economy had grown by 4.1% in 2013, better than estimated. Inflation for last year was 3.88%, below the 5% estimated by the IMF. The year ended with a global surplus of US$938.5 million in the balance of payments, and a record balance of gross international reserves of US$4.7 billion.

Unemployment, however, went up in 2013 to 15%, from 14.3% in 2012. The peso depreciated 5.6%.

[January 2014]