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Results. The economic growth of the Dominican Republic has tripled the regional average over the past two decades, resulting in 2.8 million people rising out of poverty, a middle class that now surpasses the poor population, and an improvement in the quality of life in terms of access to basic services, housing, and education.
- Dominican Republic
Dominican Republic Global Economic Prospects examines trends...
- Dominican Republic
The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region.
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.
The Dominican Republic remains in good standing with multilateral agencies and the U.S. government, which is evident in their ongoing support for the country’s long-term strategies for economic and political transformation.
Dominican Republic Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
In 2021, services accounted for 62% of overall GDP, manufacturing 15%, other industrial activity 17%, and agriculture 6%. Looking at GDP by expenditure, private consumption accounted for 66% of GDP in 2021, government consumption 11%, fixed investment 31%, and net exports -8%.
13 Νοε 2024 · Tourism, trade, finance, and government services account for half of the Dominican workforce and nearly half of the GDP. Service providers are among the nation’s more dynamic and rapidly growing businesses; however, the government bureaucracy , which is the largest component of the service sector , has long been criticized for inefficiency ...
