Dominican Republic: Recent Economic Developments
July 8, 1996
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This paper reviews economic developments in the Dominican Republic during 1990–95. In 1990, the authorities began implementing a program of stabilization and structural reform that, in a relatively short time, brought inflation under control, permitted a resumption of growth, and made progress toward a more outward-oriented economy with greater participation of the private sector. Real GDP grew at an average rate of 4 percent during 1991–93. The annual average inflation rate was brought down from more than 50 percent in 1990 to about 5 percent in 1993.
Subject: Agricultural commodities, Banking, Commodities, Economic sectors, Imports, International trade, Oil, Oil prices, Prices, Public sector
Keywords: Agricultural commodities, c.i.f. oil price, Caribbean, central bank certificate, central bank of the Dominican Republic, CR, current account, Dirección de Tourism, Dirección de Tourism de la República Dominicana, excess reserves, exit tax, foreign exchange, free market, gross revenue, Imports, ISCR, la República Dominicana, national budget, Oil, oil price differential, Oil prices, private sector, Public sector, South America, U.S. dollar, world oil price
Pages:
117
Volume:
1996
DOI:
Issue:
058
Series:
Country Report No. 1996/058
Stock No:
1DOMEA0011996
ISBN:
9781451811261
ISSN:
1934-7685
