The Central Bank of the Dominican Republic published a “Página Abierta” analytical paper setting out methodological clarifications on how it measures the economic activity and value added of financial intermediation, insurance and related activities, and how these feed into gross domestic product. The paper anchors the approach in the 2008 System of National Accounts and explains the treatment of explicit fees and Financial Intermediation Services Indirectly Measured (FISIM) in the sector’s production and value added estimates. The methodology is described as drawing on enterprise-level investigations across public and private firms, censuses, surveys, administrative records, production and price statistics, and financial statements, which also underpin quarterly GDP and the Monthly Economic Activity Indicator (IMAE). Financial intermediation services are estimated from explicit commissions (for example, credit card fees, account management fees, late-payment charges, returned cheques and cash withdrawals) and implicit commissions captured through FISIM, calculated separately for loans and deposits using interest margins relative to a reference rate applied to average outstanding stocks. The paper also links the reported 7.3% real value added expansion for Jan–Nov 2025 to the use of differentiated, subsector-specific monthly price indices, noting that using the period’s average year-on-year consumer price index inflation of 3.77% as a deflator would produce an approximate result of 8.0%, and it reiterates that financial sector value added growth does not need to move in line with overall GDP.

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