Dominican Republic economy grows 4.6% through September

The Dominican Republic's economy grew by 4.6% between January and September, driven by internal investment and external sector resilience, according to Central Bank Governor Héctor Valdez Albizu. Projections suggest the economy will expand by 4.5% through 2026, which remains among the highest growth rates in Latin America.

Key sectors driving this expansion include construction (8.2%), mining and quarrying (5.2%), local manufacturing (3.4%), and free trade zones (2.8%). The services sector grew by 4.6%, led by the financial sector (7.8%) and the hospitality industry (5.6%).

In the external sector, exports totaled $13.2 billion, tourism revenue reached $9.7 billion, and remittances exceeded $9.4 billion. Foreign direct investment amounted to approximately $4.5 billion. Inflation was reported at 5.12% following a peak of 5.67% in June.