Dominican Republic Growth to Outpace Latin America, ECLAC Says
ECLAC projects Dominican Republic growth will hit 4.0% in 2026 and 4.4% in 2027, outpacing Latin America. A telecom watchdog adds that 62% of the sector depends on Chinese brands. The post Dominican Republic Growth to Outpace Latin America, ECLAC Says appeared first on The Rio Times .
The Dominican Republic's economy is projected to outpace the average growth of Latin America, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The country's economy is expected to expand by 4.0% in 2026 and 4.4% in 2027, well above the 2.2% and 2.5% regional growth forecasts, respectively. This places the Dominican Republic among the fastest-growing economies in the region.
The strong growth is attributed to robust domestic demand, investment, and the resilience of key sectors, particularly tourism, construction, and remittances. The country benefits from stable macroeconomic policies and inflation-targeting monetary management, which have attracted foreign investors. However, 62% of the telephone and data sector in the Dominican Republic relies on Chinese brands, raising concerns about technological dominance and the need for supplier diversification.
The government's focus on infrastructure spending and private consumption continues to drive economic activity, while efforts to modernize tax administration and increase tax collection could provide additional funding for infrastructure and social programs.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
