According to the Dominican Central Bank, the tourism industry – hotels, bars and restaurants – is one of the country’s most dynamic sectors. Between January-June 2016, the tourism sector grew by 4.9%, while the national economy concluded the first semester with an impressive 7.4%, positioning the country among the top leaders in growth in Latin America.
In its report on the performance of the Dominican economy during the first semester of this year, the Central Bank explains that this growth was driven by a remarkable 8.7% annual expansion during April-June 2016.
In July, the country’s Consumer Price Index registered a monthly variation of 0.19%. The cumulative inflation for the first seven months of the year reached 0.36%, while inflation between July 2015-July 2016 was 1.85%.