You will find in the attached document the most recent public report on the Dominican economy in 2021, prepared by the prestigious economist Henri Hebrard:
- GDP growth 2021: We revised upwards our projection, now estimating a strong rebound of 7.3% (vs. + 6.5% in the revision of the previous month), which compares with the drop of -6.7% registered in 2020;
- GDP value in US $: We revised significantly upwards our projection, with a very strong rebound of 11.6%, going from US$78,829.0 million (12-2020) to USS$87,975.0 million (12-2021); product of the combined impact of real GDP growth (+ 7.3%), of the very weak devaluation (an average of just 2.0%) and of the higher inflation rate;
- As you can see, while the debt of the Non-Financial Public Sector (NFPS) closes 03-2021 at US$47,395.9 million (60.2% of GDP), the Consolidated Public Debt (DPC) closes at US$58,873.3 million, which is equivalent to 74.8% of GDP.
Regarding the debt service of the NFPS for what goes from 2021 to March (US$1,182.8 million between principal and interest payments), it is located at a too high level as a% of the central government’s income (37.0% as of March 2021 ). - If this service of the NFPS debt is measured by the only part of the interest payment (as% of income), a very significant increase is observed, going from 22.3% (Q1-2020) to 31.8% ( T1-2021).
This report is the sole responsibility of economist Henri Hebrard.
Henri HEBRARD
Economic advisor
Hebrard & Hebrard Consulting SRL
Economic and Commercial Intelligence
Tel: +1 809 862 64 23
Email: h.hebrard@henrihebrard.com
Twitter: @HebrardH[:]
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