In a global environment marked by uncertainty and low economic dynamism, Dominican Republic It is positioned as one of the few positive exceptions in Latin America and the Caribbean.
According to the most recent report of the World Bankthe country will record a growth of the gross domestic product (GDP) 4% in 2025, placing only behind Argentina, which will lead the region with a 5.5% projection.
The multilateral organism warns that Latin America It will be the minor region growth of the world, with an estimated expansion of just 2.1%, amid inflationary pressures, global slowdown, low investment and publicly high public debt levels.
However, in that adverse context, the Dominican economy It stands out for its resilience, diversification and relatively stable macroeconomic management.
Factors that drive the growth Dominican
He World Bank points out that growth of Dominican Republic It is held in several fundamental pillars:
- Dynamism in the tourismwhich has established itself as the main recovery engine after pandemicwith record figures for international arrivals.
- Foreign investment Robusta direct, particularly in sectors such as energy, telecommunications, tourist real estate and industries in Free Zone.
- Stability Macroeconomicwith a prudent monetary policy and a inflation controlled in the environment of the goals established by the Central Bank.
- Business confidence in the Business climatedespite institutional challenges.
The report also highlights that, unlike other Latin American economies, Dominican Republic has maintained a rhythm of growth higher than the regional average in the last 15 years, placing among the most dynamic emerging economies of the western hemisphere.
Structural risks and challenges
Despite the good prospects for 2025, the World Bank warns that significant risks persist for the country:
- Vulnerability climatic, given its location in the Caribbean and its hurricane exposure, droughts and floods.
- Partial dependence on sensitive sectors, such as tourism and the remittanceswhich could be affected by geopolitical tensions or external fluctuations.
- Social inequality and Institutional fragilitywhich remain structural challenges for greater inclusion and sustainability of the growth.
In that sense, the vice president of the World Bank for Latin America and the CaribbeanCarlos Felipe Jaramillo, urged the governments of the region to recalibrate their Development strategies: “It is not enough to grow; you need to increase productivity, improve the quality of public spending and strengthen institutions.”
A performance that contrasts with the regional environment
While countries like Brazil, Mexico and Chile have moderate projections – among 1% and 2.5% -, Dominican Republic stands out for maintaining a growth sustained in an environment marked by the global deceleration.
The estimate of World Bank By 2025, even the internal forecasts of the Ministry of Economy and multilateral organizations such as the IMF, which place the growth between 3.5% and 3.8%.
The full report of World Bankwhich will include a detailed analysis of the impact of the violence and organized crime on the Latin American economy will be published next Monday, April 28.
