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Key conditions and challenges. The Dominican Republic (DR) stands out in LAC, for its fast growth and sharp re-ductions in poverty and inequality. From 2005 to 2023, GDP grew an average of 5.2 percent, while poverty more than halved, from 48.2 to 17.9 percent (US$6.85 per day, 2017 PPPs).
ECONOMY Historically, the Dominican Republic’s economy was dominated by agriculture, and the country was known for its exports of sugar, cocoa, coee and tobacco. Over the last three decades, the economy has made an eective move to a diversied mix of services, manufacturing, agriculture, mining and trade.
Executive Directors highlighted the Dominican Republic’s remarkable economic growth over the past two decades, which resulted in significant poverty reduction, and welcomed the authorities’ strong macroeconomic policies and sound policy framework, which enabled an impressive post-pandemic recovery.
3 Ιουλ 2024 · Dominican Republic: Share of economic sectors in the gross domestic product (GDP) from 2012 to 2022
This economy profile presents the Doing Business indicators for Dominican Republic. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. The data in this report are current as of June 1, 2013 (except for the paying taxes indicators, which cover the period January–December 2012).
According to estimates by the Economic Commission for Latin America and the Caribbean (ECLAC), the Dominican economy is expected to grow by 8.0% in 2021. The recovery is due in part to the successful vaccination campaign and the expected growth of the United States economy, a major source of
The Dominican Republic is an upper-middle-income country with high levels of inequality. Between 2015 and 2019, the country maintained growth in gross domestic product (GDP) of around 6 per cent and low levels of inflation. Due to the COVID-19 pandemic, in 2020 the country registered an economic contraction of 7 per cent and inflation of 5 per ...
