President Abinader highlights economic growth in the Dominican Republic

Santo Domingo.- President Luis Abinader presented key economic indicators showing the Dominican Republic’s economic strength and growth. Employment rose from 4.7 million in 2019 to over 5 million in 2024, with women’s workforce participation increasing from 43.4% to 49.5%.

General poverty fell to 19%, the lowest in the country’s history, while extreme poverty dropped to 2.4%. The nation’s country risk stands at 200 basis points, lower than several investment-grade nations. Credit ratings for Q3 2024 reflect positive outlooks: Fitch Ratings (BB- Positive), Moody’s (BA3 Positive), and Standard & Poor’s (BB Stable).

Foreign trade has also expanded, with exports reaching US$13,853 million in 2024, up from US$11,192.7  million in 2019. The president shared these insights during the Semanal con la Prensa at the National Palace, emphasizing the economy’s resilience and global investor confidence.