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 tourism and free trade zones. The economy is highly dependent upon the US, the destination for about two-thirds 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% e... More..
SOURCE: CIA - The World Factbook | |
Currency | Dominican Peso |
---|---|
GDP (PPP) | $80.53 billion (2009 est.) |
GDP (per capita) | $8,300 (2009 est.) |
Exports | $5.372 billion (2009 est.) |
Imports | $12.14 billion (2009 est.) |
Main Industries | Tourism, Sugar Processing, Ferronickel and Gold Mining, Textiles, Cement, Tobacco |
Exports - Commodities | Ferronickel, Sugar, Gold, Silver, Coffee, Cocoa, Tobacco, Meats, Consumer Goods |
Imports - Commodities | Foodstuffs, Petroleum, Cotton and Fabrics, Chemicals and Pharmaceuticals |
Exports Partners | US 58.1%, Haiti 9.3%, Netherlands 2.9% (2008) |
Imports Partners | US 39.2%, Venezuela 7.7%, Taiwan 5.9%, Mexico 5.4%, Colombia 4.9% (2008) |
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