The Ministry of Economy, Planning and Development (Mepyd) attributed the 5% growth that the Dominican economy experienced in 2022 to the positive behavior of the industrial sector, services and tourism in 25.2%.
in the report “Macroeconomic Situation, Monitoring of the Situation” December 2022, the institution highlights that “the country’s economic performance in 2022 is a continuous sign of resilience and its ability to face the uncertainty of the international environment.”
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It indicates that the economic growth of the Dominican Republic of around 5% in 2022 “was led by the positive behavior of the industrial and service sectors, particularly in tourism (25.2%).”
It highlights that in the tourism growth It was driven by the arrival of some 6.4 million non-resident passengers between January-November 2022, equivalent to a year-on-year growth of 50 percent.
It adds that as a result of this greater flow of foreign currency, the appreciative cycle of the exchange rate materialized with an average rate of RD$55.09 per dollar by the end of 2022 and an appreciation rate of 3.7% in relation to the 2021 average.
