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The Dominican Republic has been Latin America’s fastest-growing economy, averaging a +5% growth rate since the 1970s. Although the country was affected by the pandemic, it has since made a full recovery, with +12.3% real GDP growth in 2021 and +4.9% in 2022, thanks to its predominant services sector and expansionary fiscal policies (public ...
In 2024, the economy is expected to grow by 5.1%, thanks to monetary easing, increased public investment, and a record influx of tourists. In the medium term, growth will be driven by strong consumption and investment, supported by reforms in areas such as fiscal policy, energy, water, and employment, as well as initiatives to improve education ...
11 Δεκ 2023 · Most notably, the Dominican Republic is one of the main drivers for tourism in the region, representing close to 24 percent of the sector’s contribution to the Caribbean gross domestic...
18 Φεβ 2020 · This paper helps explain how economic growth from tourism fits into changes in the overall economy, with an overview of the Dominican economy and its growth and evolution since the mid-1980s. Keywords: Tourism, Economic Growth, Dominican Republic, Economy, Remittances
The Dominican Republic has had an outstanding performance during the pandemic; despite the economic contraction of 2020; foreign direct investment (FDI) in the tourism sector reached US$942 million. In 2021, the economy of the Dominican Republic recovered and reached pre-pandemic growth.
Tourism in the Dominican Republic is an important sector of the country's economy. More than 10 million tourists visited the Dominican Republic in 2023, [1] [2] making it the most popular tourist destination in the Caribbean and putting it in the top 5 overall in the Americas. [3]
This milestone in Punta Cana's growth not only enhances the region's prosperity but also showcases the Dominican Republic's thriving tourism industry. With its prime location and dedication to serving economic and communal needs, the CET project is poised to become a defining landmark in the area.
