REPUBLIC OF

THE DOMINICAN

Flag

Dominican Republic Flag

Coat of Arms

Dominican Republic Emblem

Location

Dominican_Republic_map

Presiden Danilo Medina

Dominican Republic President Danilo
Best of Publications

Publishing Partnership Opportunity

Publishing Partnership Opportunity
Please join us and become an ambassador in promoting your country or city as we make the Globe our Village.

Capital
»Santo Domingo

Official Language

»Spanish

Demonym

»Dominican

Government

»Unitary Presidential republic

Area

»48,442 km2 (131st)

Population

»9,445,281

GDP (PPP)

»$135.738 billion (74th)

» Per capita -$12,803

GDP (nominal)

»$62.484 billion

» Per capita -$5,894

 Currency

»Peso (DOP)

Time Zone

»Standard Time Caribbean (UTC – 4:00

The Dominican Republic is a nation on the island of Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western three-eighths of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two countries. Both by area and population, the Dominican Republic is the second-largest Caribbean nation (after Cuba), with 48,445 square kilometres (18,705 sq mi) and nearly 10 million people, one million of which live in the capital city, Santo Domingo.

Dominican Republic Economy Santo_Domingo_Skyline

Christopher Columbus landed on the island in 1492, which the Taíno people had inhabited since the 7th century. It became the site of the first permanent European settlement in the Americas; namely Santo Domingo, the oldest continuously inhabited city and the first seat of the Spanish colonial rule in the New World. After three centuries of Spanish rule, with French and Haitian interludes, the country became independent in 1821.

The ruler, José Núñez de Cáceres, intended that the Dominican Republic be part of the nation of Gran Colombia, but he was quickly removed by the Haitian government and Dominican slave revolts. Victorious in the Dominican War of Independence against Haitian rule in 1844, the Dominican Republic over the next 72 years, experienced mostly internal strife and encountered a brief return to colonial status under Spanish rule proposed by general Pedro Santana, becoming the only nation in the hemisphere to do so after gaining its independence.

The Dominican Republic has moved toward representative democracy  and has been led by Leonel Fernández for most of the time after 1996. Danilo Medina, the Dominican Republic’s current president, succeeded Fernández in 2012, winning 51% of the electoral vote over his opponent ex-president Hipólito Mejía

The Dominican Republic is the largest economy (according to the U.S. State Department)[20] in the Caribbean and Central American region. It is an upper middle-income developing country, with a 2014 GDP per capita of $12,803, in PPP terms. In the trimester of January–March 2007 it experienced an exceptional growth of 9.1% in its GDP, which was actually below the previous year’s 10.9% in the same period. Growth was led by imports, followed by exports, with finance and foreign investment the next largest factors.

Dominican_Repubic Economy

The country’s economy is primarily dependent on natural resources and government services. Although the service sector has recently overtaken mining and agriculture as the leading employer of Dominicans (due principally to growth in tourism and Free Trade Zones), agriculture remains the most important sector in terms of domestic consumption and is in second place, behind mining, in terms of export earnings. The service sector in general,  has experienced growth in recent years, as has construction. Free Trade Zone earnings and tourism are the fastest-growing export sectors. Real estate tourism alone accounted for $1.5 billion in earnings for 2007. Remittances from Dominicans living abroad amounted to nearly $3.2 billion in 2007.

The Dominican Republic is ranked 70 with an Economic Complexity Index (ECI) of -0.0206886

Top 5 Products exported by The Dominican Republic

  1. Medical Instruments (11%),
  2. Rolled Tobacco (5.4%),
  3. Low-voltage Protection Equipment (5.0%),
  4. Bananas (4.1%),
  5. Knit T-shirts (4.0%)

Top 5 Export destinations of The Dominican Republic

  1. United States (51%),
  2. Haiti (11%),
  3. China (4.7%),
  4. Canada (2.4%),
  5. United Kingdom (2.3%)

Top 5 Products imported byThe Dominican Republic

  1. Refined Petroleum (4.0%),
  2. Cars (3.9%),
  3. Crude Petroleum (3.4%),
  4. Non-Retail Pure Cotton Yarn (2.7%),
  5. Corn (2.2%)

Top 5 Import origins of The Dominican Republic

  1. United States (37%),
  2. China (14%),
  3. Mexico (7.4%),
  4. Colombia (6.0%),
  5. Spain (4.6%)

Tourism is fueling the Dominican Republic’s economic growth. The country is the most popular tourist destination in the Caribbean. With the construction of projects like Cap Cana, San Souci Port in Santo Domingo, and the Moon Palace Resort in Punta Cana, the Dominican Republic expects increased tourism activity in the upcoming years. Ecotourism has also been a topic increasingly important in this nation, with towns like Jarabacoa and neighboring Constanza, and locations like the Pico Duarte, Bahia de las Aguilas and others becoming more significant in efforts to increase direct benefits from tourism. Most residents from other countries are required to get a tourist card, depending on the country they live in.

Dominican Republic cayo levantado saman

To See
  • There is just one UNESCO World Heritage Site; the old town of Santo Domingo which is the oldest European city in the Americas. In addition to that there are many national parks and beaches in the country.
Links

TOURISM

Dominican Republic Tourism

EXPORT

Donican Export

INVEST

Dominican Republic Flag 1

SPONSOR

Global Village Logo 3
0