Dominican Republic economy grew 4.6% in July 2026

The Dominican Republic's economy demonstrated robust growth, expanding by 4.6% year-on-year in July 2026. This expansion was primarily fueled by key sectors including financial services, construction, and the vital hotels, bars, and restaurants segment. Other contributing factors included advancements in education, transport and storage, professional services, and the agricultural sector, alongside energy and water.

However, the mining sector experienced a significant contraction of 15.9%. This downturn is attributed to a reduction in the extraction volumes of gold and silver. Despite this, the Central Bank highlighted that growth in construction is largely propelled by private investment projects and increased public investment. Furthermore, institutional improvements aimed at streamlining and ensuring transparency in project approval processes have bolstered the sector, with credit for construction activities growing by 18.2% year-on-year.

Financial activities, insurance, and related services saw growth driven by an 8% expansion in credit to the private sector and increased commission revenues for financial institutions. The manufacturing sector, particularly within free trade zones, benefited from favorable export performance in footwear, electrical products, and tobacco, as well as the production of metal and non-metallic mineral products. The tourism sector, reflected in hotels, bars, and restaurants, saw a 6.7% increase in air arrivals in July, totaling 961,682 passengers. From January to July 2026, air arrivals reached 5.8 million, a 9.4% rise from the previous year.

The Central Bank expressed confidence in the nation's economic trajectory, stating that the Dominican Republic possesses "solid fundamentals, a stable financial system and a resilient private sector." It added that the coordination of monetary and fiscal policies would enable the country to "continue facing the challenges of the external environment."