Over a period of more than four years, GDP has seen an increase of nearly 60 billion dollars
Santo Domingo.- Sociologist Cándido Mercedes highlighted that the Gross Domestic Product (GDP) of the Dominican Republic has achieved faster growth in the first four and a half years of Luis Abinader’s mandate compared to the 16 consecutive years that the Dominican Liberation Party (PLD), under the presidencies of Leonel Fernández and Danilo Medina, was in office.
Mercedes explained that when Leonel Fernández’s presidential term began in 2004, the Dominican GDP stood at 23 billion dollars, and after 8 years in office, he increased it to 60 billion dollars, representing an increase of 37 billion dollars.
Likewise, during Danilo Medina’s government, GDP increased from 60 billion dollars to 78.8 billion dollars, representing a growth of 18.8 billion dollars over a similar timespan.
However, Mercedes pointed out that in the 4 and a half years under Luis Abinader’s administration, GDP has experienced remarkable growth, rising from 78.8 billion dollars to nearly 135 billion dollars, thus showing an increase of 60 billion dollars during this period.
According to Cándido Mercedes, these are the official data showing the country’s economic growth over the mentioned timespan.
image credits for this post: Deultimominuto.net
