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Dominican Republic

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..

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Economy of Dominican Republic
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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