Banks buoyant in surging Dominican Republic

Consolidation and new entrants attracted to the country’s winning GDP streak.

The rapid growth of the Dominican Republic economy in recent years has led to strong credit growth, changing market dynamics, and is attracting new entrants.

The IMF predicts a 5% increase in GDP this year, slightly down from 2018’s 7.0%, but still leading the region.

If next year’s forecast of a further 5% materializes – and with a presidential election, there is risk of volatility – it would see a record-setting 17 years of consecutive positive growth.

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