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Dominican economy grew 13.4 percent in the first five months

The governor of the Central Bank of the Dominican Republic, Héctor Valdez Albizu, said that the economy grew by 21.2% at the end of May, with which the accumulated result between January and May has been 13.4%.

“With this result, the accumulated growth for the first five months of the year 2021 is located at 13.4%. A robust growth”, said the governor when presenting the results of the economic activity to the month of May.

Valdez Albizu said that the behavior of the economy has been heterogeneous and that the sectors with the highest growth in May have been construction, with 54%, free zones, 30.1%, mining 16.2%, local manufacturing, with 15.9% and transportation with a 14.3% growth.

“We are in a position to grow above 8% this year”, said the governor when presenting the results.

The Dominican economy fell by 6.7% last year, as a result of the impact of the measures applied to curb the contagion of COVID-19 in the country, which included the closing of the borders between mid-March and the end of June 2020 and a touch curfew that is still in force in the country.


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