Dominican Republic FlagDominican Republic

God, Homeland, Liberty

 

General


Population: 10,349,741 (2014), 10,219,630 (2013)
Land Area: 48,730 sq km
Natural Resources: Nickel, bauxite, gold, silver
Capital: Santo Domingo
Political System: Federal Republic
State Leader: Danilo Medina Sanchez (August 16th 2012)
Languages: Spanish
Currency: Dominican Peso (DOP)
Major Religions: Roman Catholic 95%, Other 5%
Major Ethnicities: Mixed 73%, Caucasian 16%, African 11%
Life Expectancy: 77.8 years (2014), 77.62 years (2013)

Economy


GDP Official Exchange Rate: 59.27 billion (2013), 59.13 billion (2012)
GDP Purchasing Power Parity: 101 billion (2013), 98.74 billion (2012)
GDP Per Capita (PPP): 9,700 (2013), 9,600 (2012)
GDP Growth Rate: 2% (2013), 4% (2012)
GDP Structure: Agriculture 6%, Industry 29.1%, Services 64.9% (2013)
Labour Force By Occupation: Agriculture 14,6%, Industry 22,3%, Services 63,1% (2005)
Industries: Tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco
Agriculture Products: Sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs
Human Development Index: 0.700 (102nd)(2014), 0.702 (96th)(2013)
Tourism Revenue: 2.7 billion (2002)
Unemployment Rate: 15% (2013)

MilitaryDominican Republic Map


Army Size: 24 500 (2004)
Budget: 0.8% of GDP (2006)

Current Situation

 

The Dominican Republic is located in the Greater Antilles, The Dominican Republic shares the island of Hispaniola with Haiti. The Dominican Republic has been moving towards a more liberal economy, and it is now the largest economy in the Antilles region.

(2014) Although The Dominican Republic's growth cooled in 2013 it remains a relatively rich country in the Caribbean and should see continued growth as the tourism industry continues its rapid expansion.

Thoughts & Comments

 

Sources

CIA World Factbook: Dominican Republic
Wikipedia: Dominican Republic
http://hdrstats.undp.org/en/countries/profiles/DOM.html

Updated on: August 22nd, 2014