Minister for Finance, Economic Development, Climate Resilience, and Social Security, Dr. Irving McIntyre announced that Dominica’s economy grew by an estimated 6.9 percent in 2021 and 5.7 percent in 2022.
He made the disclosure during a press briefing held recently.
The findings came from an Article 4 mission conducted by the International Monetary Fund (IMF) recently.
“Dominica’s economy grew by an estimated 6.9 percent in 2021 and 5.7 percent in 2022. The growth was driven mainly by the construction of climate resilient infrastructure, a substantial rise in agriculture outputs, and the rebound in tourism since the lifting of restrictions related to covid-19,” he said. “Secondly, government has been able to implement its Public Sector Investment Programme and respond to the recent economic shocks because of high CBI revenue.”