Economy - overview:
The Dominican Republic has long been viewed primarily as an exporter of sugar, coffee, and tobacco, but in recent years the service sector has overtaken agriculture as the economy's largest employer, due to growth in telecommunications, tourism, and free trade zones. The economy is highly dependent upon the US, the destination for nearly 60% of exports. Remittances from the US amount to about a tenth of GDP, equivalent to almost half of exports and three-quarters of tourism receipts. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GDP, while the richest 10% enjoys nearly 40% of GDP. High unemployment and underemployment remains an important long-term challenge. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) came into force in March 2007, boosting investment and exports and reducing losses to the Asian garment industry. The growth of the Dominican Republic's economy rebounded in 2010-11 from the global recession, and remains one of the fastest growing in the region.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Dominican Republic on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Dominican Republic Economy 2012 information contained here. All suggestions for corrections of any errors about Dominican Republic Economy 2012 should be addressed to the CIA.
$93.23 billion (2011 est.)
country comparison to the world: 75
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$54.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
4.5% (2011 est.)
country comparison to the world: 90
[see also: GDP - real growth rate country ranks ]
$9,300 (2011 est.)
country comparison to the world: 114
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 7.3%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 27.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 64.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
4.732 million (2011 est.)
country comparison to the world: 77
[see also: Labor force country ranks ]
agriculture: 14.6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 22.3%
[see also: Labor force - by occupation - industry country ranks ]
services: 63.1% (2005)
[see also: Labor force - by occupation - services country ranks ]
13.3% (2011 est.)
country comparison to the world: 139
[see also: Unemployment rate country ranks ]
42.2% (2004)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 37.8% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
48.4 (2007)
country comparison to the world: 26
[see also: Distribution of family income - Gini index country ranks ]
16.6% of GDP (2011 est.)
country comparison to the world: 154
[see also: Investment (gross fixed) country ranks ]
revenues: $8.072 billion
[see also: Budget revenues country ranks ]
expenditures: $9.496 billion (2011 est.)
[see also: Budget expenditures country ranks ]
14.8% of GDP (2011 est.)
country comparison to the world: 190
[see also: Taxes and other revenues country ranks ]
-2.6% of GDP (2011 est.)
country comparison to the world: 97
[see also: Budget surplus (+) or deficit (-) country ranks ]
36.4% of GDP (2011 est.)
country comparison to the world: 86
[see also: Public debt country ranks ]
8.6% (2011 est.)
country comparison to the world: 178
[see also: Inflation rate (consumer prices) country ranks ]
14.5% (31 December 2011 est.)
country comparison to the world: 74
[see also: Commercial bank prime lending rate country ranks ]
$4.238 billion (31 December 2011 est.)
country comparison to the world: 100
[see also: Stock of narrow money country ranks ]
$16.76 billion (31 December 2010 est.)
country comparison to the world: 90
[see also: Stock of broad money country ranks ]
$24.81 billion (31 December 2011 est.)
country comparison to the world: 76
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs
tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco
1.5% (2010 est.)
country comparison to the world: 137
[see also: Industrial production growth rate country ranks ]
14.58 billion kWh (2008 est.)
country comparison to the world: 80
[see also: Electricity - production country ranks ]
12.87 billion kWh (2008 est.)
country comparison to the world: 81
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
392.2 bbl/day (2010 est.)
country comparison to the world: 112
[see also: Oil - production country ranks ]
119,000 bbl/day (2010 est.)
country comparison to the world: 71
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 167
[see also: Oil - exports country ranks ]
107,300 bbl/day (2009 est.)
country comparison to the world: 64
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 176
[see also: Natural gas - production country ranks ]
560 million cu m (2009 est.)
country comparison to the world: 96
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 89
[see also: Natural gas - exports country ranks ]
560 million cu m (2009 est.)
country comparison to the world: 65
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 131
[see also: Natural gas - proved reserves country ranks ]
-$6.005 billion (2011 est.)
country comparison to the world: 176
[see also: Current account balance country ranks ]
$7.792 billion (2011 est.)
country comparison to the world: 102
[see also: Exports country ranks ]
ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, consumer goods
US 52%, Haiti 13.6% (2010)
$18.38 billion (2011 est.)
country comparison to the world: 77
[see also: Imports country ranks ]
foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals
US 44%, Venezuela 7%, China 6.1%, Mexico 4.9%, Colombia 4.8% (2010)
$2.902 billion (31 December 2011 est.)
country comparison to the world: 107
[see also: Reserves of foreign exchange and gold country ranks ]
$15.14 billion (31 December 2011 est.)
country comparison to the world: 83
[see also: Debt - external country ranks ]
$20.71 billion (31 December 2011 est.)
country comparison to the world: 69
[see also: Stock of direct foreign investment - at home country ranks ]
$59 million (31 December 2011 est.)
country comparison to the world: 84
[see also: Stock of direct foreign investment - abroad country ranks ]
Dominican pesos (DOP) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12