Stable Economic Outlook
The Dominican Republic’s economic growth is expected to remain stable at around 5% in 2024, while inflation remains within the target range. The country is still reaping the benefits of significant remittance flows, tourism income, and foreign direct investment, which totaled roughly $4.38 billion in 2023.
Despite the international constraints, the Dominican economy is on the way to return to its usual 5% annual growth, with inflation expected to be within the target range of 4.0% ± 1.0%. Interest rates are expected to continue dropping if the risk factors do not intensify.
According to the outlook, the exchange rate is expected to remain relatively stable. In 2023, the DR is still reaping the benefits of above-average remittance flows of US$10.16 billion, tourism income that hovered around US$9.82 billion, and foreign direct investment of US$4.38 billion.