Dominican Republic

In-depth country-focused analysis on the Dominican Republic's economic, political and operational risk environment, complemented by detailed sector insight

Dominican Republic

Our comprehensive assessment of the Dominican Republic's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect the Dominican Republic, as well as the latest industry developments that could impact the Dominican Republic's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in the Dominican Republic before your competitors.

Country Risk

Dominican Republic Country Risk

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Core Views:

  • We believe that rising gold production, a gradually improving tourism sector, and stronger private consumption growth will drive robust real GDP growth rates in the Dominican Republic in the coming years.

  • We expect Puerto Rico to remain in a recession through fiscal year 2015 amid high unemployment and weak investment, and see a high likelihood of debt restructuring by the commonwealth's electric power authority (PREPA) this year.

  • We expect the Cuban economy to accelerate in the coming years, on the back of the government's drive to attract greater levels of investment, and on continued expansion of the consumer sector. This will help to offset weakness in the export sector, and rising demand for imports. 

Major Forecast Changes:

  • We...

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Dominican Republic Country Risk

BMI View:

Core Views:

  • We believe that rising gold production, a gradually improving tourism sector, and stronger private consumption growth will drive robust real GDP growth rates in the Dominican Republic in the coming years.

  • We expect Puerto Rico to remain in a recession through fiscal year 2015 amid high unemployment and weak investment, and see a high likelihood of debt restructuring by the commonwealth's electric power authority (PREPA) in 2015.

  • An agreement struck between the US and Cuba involving the release of prisoners held on both sides is the first major diplomatic breakthrough in the diplomatic relationship between the two countries in generations, and will have far-reaching impacts with regards to the economic and political future of the island nation.

Major Forecast Changes...

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Dominican Republic Industry Coverage (5)

Food & Drink

Dominican Republic Food & Drink

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BMI View: We are turning more positive regarding economic growth in the Caribbean, as structural and financial reforms take hold in the region, tourism numbers are picking up and growth is stronger in key western states such as the US. The large decline in the price of oil over the last nine months will boost the region's consumer spending, as the Caribbean is a large net oil importer. Inflation will remain low which will help food consumption growth over the coming years. That said, many regional economies continue to be heavily indebted which limits general investment. We believe that general food consumption growth will be strongest in Jamaica and the Dominican Republic. In the Dominican Republic's case, food consumption is coming off of a very low base. Ongoing recession in Puerto Rico, one of the region&#39...

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Insurance

Dominican Republic Insurance

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BMI View: Apparent slow growth in the region during 2015 is generally the result of continued USD strength, rather than structural weaknesses in the insurance sector. While offshore business, principally in Barbados and the Cayman Islands, may steal the headlines, domestic business is typically under-developed in both life and non-life lines. International players barely feature in the region, deterred by small market sizes and the strength of leading regional players who control large portions of most markets.

The insurance markets of the Caribbean, particularly offshore business but also domestic sectors, are heavily tied to the economic fortunes of the United States and Canada. The ongoing recovery in both of these should boost the fortunes of the region's insurers, driving demand for offshore reinsurance and captives, as well as boosting domestic economies. On the whole, regulation...

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Mining

Dominican Republic Mining

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BMI View: Mining sectors across Central America and the Caribbean will see varying growth prospects in 2019. The region has significant untapped mineral potential, yet a range of business environments and operational challenges will lead to uneven growth. Overall, the mining sectors of Colombia and Panama will see the strongest longer-term growth, while Guatemala, and to a lesser extent Honduras, will underperform.

Colombia and Panama will outperform other countries in Central America and the Caribbean in terms...

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Telecommunications

Dominican Republic Telecommunications

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BMI View: Our expectation for major changes in the Caribbean has already begun to play out, with the news that CWC will need to sell its 49% stake in operator Telecommunications Services of Trinidad and Tobago (TSTT). This means the market is looking at a significant shake-up, one of many that will take place in the region. The CWC acquisition of Columbus International will have a far-reaching regional impact in the broadband internet and pay-TV markets, which remain underdeveloped and ripe for growth and is already affecting regulatory environments in other markets. In response to the acquisition we expect acquisition...

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Tourism

Dominican Republic Tourism

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