Shopping sector grows 18% a year

A recent Deloitte Consulting study presented by the National Organization of Shopping Centers (ONEC) shows that the commercial sector has the largest share of the services subsectors in the Dominican economy. Over the past eight years, the sector has had an 18% annual average growth. In 2015, trade represented 9.5% of the GDP. Total sales were RD$2.9 billion in 2014, of which 4.4% (RD$129.66 billion) was sold by ONEC members, says the study.

The study also found that trade represents 30% of loans to business, up 5% compared to 2013. The subsector employs on average 15% of the total labor force, with 291,369 employees with an average hourly wage of RD$80.91 or around RD$3,500 a week.

[October 2015]