Agroindustry, construction & tourism reactivate the economy

The agribusiness, construction and tourism sectors drive the rest of production by about 20% more than the average for other economic activities, according to the Inter-American Development Bank’s (IDB) most recent annual economic report for the region: Opportunities to Boost Production, Employment and Value Chains.

The new IDB study identifies the sectors with the greatest potential to generate employment and growth in the countries of Central America, Mexico, Panama and the Dominican Republic.

The report highlights that the increase in production in the agro-industry, construction and tourism sectors presentsAgroindustry And Tourims important opportunities to reactivate the economy during 2023, thanks to the significant amount of inputs they demand from the rest of the sectors and the weight they represent in these countries, with an average of 22% of the region’s production, according to the study.

In the case of the Dominican Republic, the study points out that energy and water also have an above-average effect.

It notes that the sector that generates the most employment by increasing its production by one million dollars is agiculture, forestry and fishing, followed by commerce, education, health and tourism, all above the national average.

He points out that the tourism sector has a high productive linkage with the rest of the economy, above the average of the sectors.


Learn more: ECONOMY

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Dominican Republic Live Editor

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