dominican republic

Mixed Day For Bermuda In Dominican Republic

It was a mixed day on the beach for the under 23 teams from Bermuda as they continued competing in the 2024 NORCECA beach volleyball tour in Punta Cana, Dominican Republic. The Bermuda men’s team of Alexander Southern and Braedon Cooke, and the women’s pairing of Kaylee Trott and Hailey Trott took to the courts […]





dominican republic

Dominican Republic: Agricultural R&D indicators factsheet [in Spanish]




dominican republic

New lizard found in Dominican Republic - Suggests similar evolution occurs on separate islands

Suggests similar evolution occurs on separate islandsToronto, ON – A University of Toronto-led team has reported the discovery of a new lizard in the middle of the most- visited island in the Caribbean, strengthening a long-held theory that communities of lizards can evolve almost identically on separate islands. The chameleon-like lizard – a Greater Antillean […]




dominican republic

U12 Tennis Teams Win In Dominican Republic

The 2024 ITF/COTECC under 12 team competition continued in the Dominican Republic, with Bermuda’s team making an excellent showing. The Bermuda girls picked up their first win defeating the Dominican Republic Two team 3 – 0. Arianna Metschnabel got Bermuda on the board winning her match 6-3. 6-2. Lee Terceira would then double the Bermuda lead […]




dominican republic

Dominican Republic Orders the Expulsion of Thousands of Haitian Migrants

Over the past few months, the escalation of gang violence and mass displacement in Haiti have been of great concern for humanitarian organizations. Severe levels of armed violence have resulted in significant instability, with food insecurity, sexual violence, civilian casualities, and restricted freedom of movement plaguing the nation. Displacement cases have risen sharply, to the […]




dominican republic

The Dominican Republic stands to benefit from integrating migration further into sectoral and national development strategies, says new joint OECD Development Centre – UNIBE report

The Dominican Republic stands to benefit from integrating migration further into sectoral and national development strategies, says new joint OECD Development Centre – UNIBE report




dominican republic

Better integration of immigrant workers would boost the Dominican Republic’s economy, says new ILO-OECD Development Centre report

The report provides an unprecedented analysis of immigrant workers’ contribution in three areas of the Dominican Republic’s economy: labour markets, economic growth and public finance. It shows that the labour market characteristics of immigrants and native-born workers in the Dominican Republic are very different.




dominican republic

Dominican Republic crippled by waves of trash

Over 500 workers have been mobilized to deal with the endless tide of garbage inflicting the beaches of Santo Domingo.



  • Wilderness & Resources

dominican republic

SG Contact Center Announces a New Joint-Venture with Call Centers in the Dominican Republic and the Philippines

SG Contact Center is now a subsidiary of JWBL Capital Group Inc. and has extended partnerships to offer clients full BPO solutions




dominican republic

Tennis: Bermuda Wins In Dominican Republic

Bermuda players continued competing in the 2020 World Junior Tennis Boys North/Central America & Caribbean Pre-Qualifying in the Dominican Republic. The Bermuda Under 14 Boys team took on Panama on day five of the tournament, with the teams playing in the 9th – 14th place playoff. Bermuda picked up its second win of the tournament […]

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dominican republic

Cyclists Continue In The Dominican Republic

Bermuda cyclists Dominique Mayho and Kaden Hopkins, continued teaming up with Julian Molina, Julian Otero, and Brian Leon to compete in the Vuelta Independencia 7 day stage race in the Dominican Republic. Stage six was a 130K race, with Otero finishing 4th, while Hopkins crossed the line 8th and Mayho was 9th, all had the […]

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dominican republic

Energy Director To Speak In Dominican Republic

The Government of Bermuda’s Department of Energy Director, Jeane Nikolai has been invited, as a guest, to speak on a panel at the 2018 Resilient Infrastructure Forum [RIF]. The RIF takes place June 26 – 28, 2018 in the Dominican Republic. The RIF brings together key stakeholders from the public and private sectors to create […]

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dominican republic

Timeline: Dominican Republic

A chronology of key events




dominican republic

Country profile: Dominican Republic

Key facts, figures and dates




dominican republic

AT#495 - Travel to the Dominican Republic

Hear about travel to the Dominican Republic as the Amateur Traveler talks to guidebook author and travel writer Lebawit Lily Girma who is working on the Moon Guide to the Dominican Republic.




dominican republic

CBD News: Statement by Mr Ahmed Djoghlaf, CBD Executive Secretary, on the occasion of the Second Inter-American Meeting of Ministers and High Level Authorities on Sustainable Development, 17 November 2010, Santo Domingo, Dominican Republic




dominican republic

Statement of Attorney General Eric Holder Regarding the Signing of a Forfeited Assets Agreement with the Dominican Republic

In signing this important forfeited asset sharing agreement, Prosecutor General Radhaméz Jiménez Peña and I reaffirm our common values, as well as our ongoing commitment to the goals that the United States and the Dominican Republic share: protecting our citizens, strengthening our borders, improving public safety, reducing recidivism, preventing and combating gang- and drug-fueled crime and violence, and ensuring that criminals do not profit from illegal activity," said Attorney General Holder.




dominican republic

Dominican Republic opts for continuity


On 15 May the Dominican Republic held its most complex elections since 1994. On this occasion, not only were the president and vice president elected, but also all the members of the lower house, the Chamber of Deputies, and the Senate, as well as local authorities.

There were no surprises. Danilo Medina, of the governing Partido de la Liberación Dominicana (PLD), was re-elected by a large margin, and all indications are that he was also able to conserve his party’s majority in both houses of Congress. We say “all indications are” because the election was beset by irregularities (well-documented by the OAS observer mission); and these irregularities have triggered a serious post-electoral crisis that has yet to be fully resolved.

Medina’s re-election confirms the infallibility of the rule (in place in Latin America since 1978) that every president who reforms the Constitution to keep himself in power has achieved his objective. The only exception was Hipólito Mejía, former president of the Dominican Republic, who amended the Constitution in 2002 to seek a second term, but then failed to get re-elected. This defeat opened the door for the return of Leonel Fernández (also of the PLD), who had already governed from 1996 to 2000, and who won the 2004 election and then (benefitting from Mejía’s reform) got himself re-elected in 2008. Once in office, Fernández reformed the Constitution in 2010 (moving from allowing consecutive re-election to allowing unlimited re-election but with alternating rather than consecutive terms). President Medina amended the Constitution once again, in 2015, on an expeditious basis (within 15 days) to re-enact consecutive re-election and to run again in the elections just held on 15 May. No other country in Latin America has amended the constitutional provision on re-election so many times in such a short period, four times in 21 years. 

Continuity of the PLD for the fourth consecutive term 

With this clear-cut triumph by Medina (he garnered 61.74 per cent of the votes, leading the second-place challenger Luis Abinader, of the recently-formed Partido Revolucionario Moderno (PRM), by more than 25 points), the PLD has now won the presidency for the fourth time in a row, with a total (at the end of this new term) of 16 years in power without interruption. Never before under democratic rules of the game had the same party won four times in a row in the Dominican Republic. 

If we exclude the special cases of the PRI in Mexico (prior to 2000) and the Partido Colorado (in Paraguay), from 1978 to date only four parties or coalitions have won four consecutive presidential contests in the region: Chavismo in Venezuela, which has been in power for 17 years (now in the midst of a profound crisis that could lead to Maduro’s early exit); Brazil’s Workers’ Party (PT), which so far (we’ll see what comes of the trial of Rousseff by the Senate that is about to get under way) has been in power for 13 years; ARENA in El Salvador (which governed without interruption from 1989 to 2009 with presidents Cristiani, Sol, Flores, and Saca); and the Concertación in Chile (from 1990 to 2010, with presidents Aylwin, Frey, Lagos, and Bachelet in her first term). 

Reasons for the victory

What are the reasons that explain Medina’s landslide victory after three consecutive terms of the PLD in office?

In my opinion, a combination of personal, political, and socioeconomic reasons explain this outcome. As to the personal reason, one should highlight the great popularity of President Medina. With approval ratings greater than 70 per cent, he enjoys high levels of popular support, much more than any other Latin American president.

In terms of the political reasons, one should note the advantage that any Latin American president has when seeking consecutive re-election: the enormous concentration of power by the PLD in all areas of the State, accentuated political clientelism, and above all, an opposition that has not figured out a strategy for removing the PLD from power. Mention should also be made of the marked lack of fairness in the electoral contest and the abusive use of state resources in favor of the governing party.

The third important reason that explains Medina’s easy re-election is to be found in the economy. With 7 per cent growth and inflation at 2.5 per cent, the Dominican Republic is one of the two best-performing economies in the region (the other is Panama). This growth stands in stark contrast to a Latin America which (according to World Bank projections) will see negative growth of -0.6 per cent this year. It is also more than 2 percentage points greater than the average growth rate for the countries of Central America.

Challenges

Yet Medina’s second term, despite the strong support he received at the polls, is not problem-free. On the contrary, he faces major challenges, including having the results of the 15 May elections accepted by the opposition so that his legitimacy and, above all, that of the PLD legislators and mayors, will not be called into question.

Improving the quality of democracy is another major challenge. The Dominican Republic is part of the group of countries (according to The Economist) that has a flawed democracy, characterized by marked institutional weakness and high levels of citizen insecurity and corruption. 

Moreover, profound and urgent changes are needed in the political–electoral system aimed at improving the quality and integrity of the electoral process to avoid having to suffer similar problems in future elections. 

In the electoral sphere, the OAS report recommends that it is important to separate voting for members of the lower house from voting for senators. It is also important to provide for fairer electoral competition. This requires adequate regulation of the use of state resources (to keep the party in power from enjoying unfair advantages), strengthening the levels of transparency, oversight, control of political financing (establishing, among other measures, ceilings for campaign spending and limits on private financing), as well as assuring more equal access to the media. 

As regards the political system, the priority includes introducing thorough changes in the party system aimed at modernizing the parties, institutionalizing them and improving their levels of internal democracy. Another priority is ensuring effective gender parity in politics. 

These political–electoral changes need to be supplemented by adequate modernization and strengthening of the electoral organs (JCE - Central Elections Board and the TSE - Superior Electoral Tribunal), ensuring that they are made up of very qualified professionals of renowned prestige, who are totally independent of the political parties. In the area of the economy, despite the current positive macroeconomic outlook, the situation is far from ideal. 40 per cent of the population lives in poverty due to the economy’s serious difficulty generating quality employment (due to its growth model). To this we must add the need to solve the main limitation that the economy has faced for some time, i.e., scarce energy and high energy prices. 

In my opinion, this fourth consecutive victory consolidates the PLD as the predominant party in the Dominican political system (with the risk of becoming a hegemonic party). The PRD, which until recently was the main opposition party under the now-deceased Peña Gómez, weakened by its constant internal strife and divisions, ended up allying with the PLD in this election and won just over 5 per cent of the votes. The other major historical party, the PRSC, of deceased former president Joaquín Balaguer (which allied with the PRM in this election) also obtained few votes; its numbers similar to the PRD’s. The big question is what will happen in the coming years with the recently formed PRM and the leadership of Abinader, in particular, if both he and the party will be able to become consolidated as the main opposition force. 

One will also have to see whether Medina and the PLD have the capacity to steer clear of the attrition and crisis that generally affects “long governments” under a single party or coalition in the region, especially during the curse of the second consecutive term. Of the four “long governments” mentioned above, two, the PT in Brazil and chavismo in Venezuela, are currently experiencing serious crises that could lead to an early end of the terms of presidents Dilma Rousseff and Nicolás Maduro. 

In summary, during his second term Medina should implement an ambitious agenda of reforms. In politics, the priority includes modernizing and strengthening democratic institutions, adopting a law on political parties, and transforming the judiciary and the police to fight insecurity and corruption head on. In economic and social policy, the focus should be on maintaining high growth rates but correcting the serious prevailing inequalities and distortions with the objective of creating quality jobs and thereby reducing the high levels of poverty.

This piece was originally published by International IDEA

Authors

Publication: International IDEA
Image Source: © Ricardo Rojas / Reuters
      




dominican republic

Dominican Republic opts for continuity

Zovatto writes that the Dominican Republic's May 15 elections for president and vice president, as well as all the members of the lower house, the Chamber of Deputies, and the Senate, as well as local authorities, resulted in no surprises. President Danilo Medina, of the governing Partido de la Liberación Dominicana (PLD), was re-elected by a large margin, and all indications are that he was also able to conserve his party’s majority in both houses of Congress. However, Zovatto argues that during his second term, Medina should implement an ambitious agenda of reforms. In politics, the priority includes modernizing and strengthening democratic institutions, adopting a law on political parties, and transforming the judiciary and the police to fight insecurity and corruption head on. In economic and social policy, the focus should be on maintaining high growth rates, but correcting the serious prevailing inequalities and distortions with the objective of creating quality jobs and thereby reducing the high levels of poverty.

      
 
 




dominican republic

Dominican Republic opts for continuity

Zovatto writes that the Dominican Republic's May 15 elections for president and vice president, as well as all the members of the lower house, the Chamber of Deputies, and the Senate, as well as local authorities, resulted in no surprises. President Danilo Medina, of the governing Partido de la Liberación Dominicana (PLD), was re-elected by a large margin, and all indications are that he was also able to conserve his party’s majority in both houses of Congress. However, Zovatto argues that during his second term, Medina should implement an ambitious agenda of reforms. In politics, the priority includes modernizing and strengthening democratic institutions, adopting a law on political parties, and transforming the judiciary and the police to fight insecurity and corruption head on. In economic and social policy, the focus should be on maintaining high growth rates, but correcting the serious prevailing inequalities and distortions with the objective of creating quality jobs and thereby reducing the high levels of poverty.

      
 
 




dominican republic

The Dominican Republic and Nauru become the 97th and 98th jurisdictions to join the most powerful instrument against offshore tax evasion and avoidance

Mrs Rosa Hernández de Grullón, Ambassador of the Dominican Republic to France and Mr John Petersen, Advisor to the Minister of Finance of Nauru, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of Deputy Secretary General Rintaro Tamaki, therewith becoming the 97th and 98th jurisdictions to join the Convention.




dominican republic

Dominican Republic IP Addresses

IP Addresses in Dominican Republic increased to 906609 IP in the first quarter of 2017 from 874626 IP in the fourth quarter of 2016. IP Addresses in Dominican Republic averaged 511549.56 IP from 2007 until 2017, reaching an all time high of 906609 IP in the first quarter of 2017 and a record low of 152367 IP in the third quarter of 2007. This page includes a chart with historical data for Dominican RepublicIP Addresses.




dominican republic

Dominican Republic Temperature

Temperature in Dominican Republic increased to 28.05 celsius in September from 27.86 celsius in August of 2013. Temperature in Dominican Republic averaged 25.55 celsius from 1824 until 2013, reaching an all time high of 28.58 celsius in July of 2007 and a record low of 21.86 celsius in December of 1839. This page includes a chart with historical data for Dominican Republic Temperature.




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Deposit Interest Rate in Dominican Republic

Deposit Interest Rate in Dominican Republic increased to 7.60 percent in 2017 from 7.20 percent in 2016. Deposit Interest Rate in Dominican Republic averaged 12.41 percent from 1991 until 2017, reaching an all time high of 21.12 percent in 2004 and a record low of 4.86 percent in 2010. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Dominican Republic.




dominican republic

Dominican Republic Military Expenditure

Military Expenditure in Dominican Republic increased to 602 USD Million in 2018 from 533 USD Million in 2017. Military Expenditure in Dominican Republic averaged 246.04 USD Million from 1958 until 2018, reaching an all time high of 602 USD Million in 2018 and a record low of 67 USD Million in 1991.




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Dominican Republic GDP per capita

The Gross Domestic Product per capita in Dominican Republic was last recorded at 7750.93 US dollars in 2018. The GDP per Capita in Dominican Republic is equivalent to 61 percent of the world's average. GDP per capita in Dominican Republic averaged 3376.56 USD from 1960 until 2018, reaching an all time high of 7750.93 USD in 2018 and a record low of 1253.50 USD in 1961. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Dominican Republic GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic GDP per capita PPP

The Gross Domestic Product per capita in Dominican Republic was last recorded at 15821.20 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Dominican Republic, when adjusted by Purchasing Power Parity is equivalent to 89 percent of the world's average. GDP per capita PPP in Dominican Republic averaged 9577.34 USD from 1990 until 2018, reaching an all time high of 15821.20 USD in 2018 and a record low of 5462.79 USD in 1991. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Dominican Republic GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Competitiveness Index

Dominican Republic scored 58.31 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Dominican Republic averaged 16.05 Points from 2007 until 2019, reaching an all time high of 58.31 Points in 2019 and a record low of 3.65 Points in 2008. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Dominican Republic Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




dominican republic

Dominican Republic Competitiveness Rank

Dominican Republic is the 78 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Dominican Republic averaged 95.69 from 2007 until 2019, reaching an all time high of 110 in 2012 and a record low of 78 in 2019. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Dominican Republic Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




dominican republic

Ease of Doing Business in Dominican Republic

Dominican Republic is ranked 115 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Dominican Republic deteriorated to 115 in 2019 from 102 in 2018. Ease of Doing Business in Dominican Republic averaged 103.50 from 2008 until 2019, reaching an all time high of 117 in 2013 and a record low of 86 in 2009. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Dominican Republic.




dominican republic

Dominican Republic Terrorism Index

Terrorism Index in Dominican Republic decreased to 0.18 in 2018 from 0.38 in 2017. Terrorism Index in Dominican Republic averaged 0.40 from 2002 until 2018, reaching an all time high of 2.58 in 2014 and a record low of 0 in 2003. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).




dominican republic

Dominican Republic Business Confidence

Business Confidence in Dominican Republic increased to 57.40 Index Points in the second quarter of 2019 from 55.80 Index Points in the first quarter of 2019. Business Confidence in Dominican Republic averaged 54.45 Index Points from 2009 until 2019, reaching an all time high of 58.80 Index Points in the fourth quarter of 2014 and a record low of 47.80 Index Points in the first quarter of 2011. In Dominican Republic, the Industrial Confidence Index (ICI) is based on a survey of around 300 industrial companies. The index assesses the level of optimism that executives have about current and expected production, demand and inventories. The index is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism. This page provides - Dominican Republic Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Corruption Index

Dominican Republic scored 28 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Dominican Republic averaged 30.32 Points from 2001 until 2019, reaching an all time high of 35 Points in 2002 and a record low of 26 Points in 2011. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Dominican Republic Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




dominican republic

Dominican Republic Corruption Rank

Dominican Republic is the 137 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Dominican Republic averaged 103.84 from 2001 until 2019, reaching an all time high of 137 in 2019 and a record low of 59 in 2002. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Dominican Republic Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




dominican republic

Dominican Republic Sales Tax Rate - Tax on the Transfer of Industrialized Goods and Services

The Sales Tax Rate in Dominican Republic stands at 18 percent. Sales Tax Rate in Dominican Republic averaged 16.71 percent from 2006 until 2019, reaching an all time high of 18 percent in 2013 and a record low of 16 percent in 2007. In Dominican Republic, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Dominican Republic. This page provides - Dominican Republic Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Corporate Tax Rate

The Corporate Tax Rate in Dominican Republic stands at 27 percent. Corporate Tax Rate in Dominican Republic averaged 26.27 percent from 1997 until 2018, reaching an all time high of 30 percent in 2006 and a record low of 25 percent in 1998. In Dominican Republic, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Dominican Republic. This page provides - Dominican Republic Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Personal Income Tax Rate

The Personal Income Tax Rate in Dominican Republic stands at 25 percent. Personal Income Tax Rate in Dominican Republic averaged 25.60 percent from 2004 until 2018, reaching an all time high of 30 percent in 2006 and a record low of 25 percent in 2005. In Dominican Republic, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Dominican Republic. This page provides - Dominican Republic Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Unemployment Rate

Unemployment Rate in Dominican Republic decreased to 5.90 percent in the fourth quarter of 2019 from 6.50 percent in the third quarter of 2019. Unemployment Rate in Dominican Republic averaged 11.65 percent from 2000 until 2019, reaching an all time high of 19.70 percent in the third quarter of 2004 and a record low of 5.10 percent in the fourth quarter of 2017. In Dominican Republic, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Dominican Republic Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Labor Force Participation Rate

Labor Force Participation Rate in Dominican Republic increased to 65.30 percent in the fourth quarter of 2019 from 64.90 percent in the third quarter of 2019. Labor Force Participation Rate in Dominican Republic averaged 63.55 percent from 2000 until 2019, reaching an all time high of 66.40 percent in the third quarter of 2004 and a record low of 61.40 percent in the second quarter of 2015. The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - Dominican Republic Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Employment Rate

Employment Rate in Dominican Republic increased to 61.50 percent in the fourth quarter of 2019 from 60.60 percent in the third quarter of 2019. Employment Rate in Dominican Republic averaged 52.04 percent from 2000 until 2019, reaching an all time high of 61.50 percent in the fourth quarter of 2019 and a record low of 45 percent in the second quarter of 2003. In Dominican Republic, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Dominican Republic Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic GDP

The Gross Domestic Product (GDP) in Dominican Republic was worth 82 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Dominican Republic represents 0.07 percent of the world economy. GDP in Dominican Republic averaged 21.41 USD Billion from 1960 until 2019, reaching an all time high of 82 USD Billion in 2019 and a record low of 0.65 USD Billion in 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Dominican Republic GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Population

The total population in Dominican Republic was estimated at 10.4 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Dominican Republic had a population of 3.3 million people. The population of Dominican Republic represents 0.15 percent of the world´s total population which arguably means that one person in every 693 people on the planet is a resident of Dominican Republic. This page provides - Dominican Republic Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Inflation Rate MoM

The Consumer Price Index in Dominican Republic decreased 0.13 percent in February of 2020 over the previous month. Inflation Rate Mom in Dominican Republic averaged 1.01 percent from 1984 until 2020, reaching an all time high of 11.54 percent in August of 1990 and a record low of -3.28 percent in November of 2008. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Dominican Republic Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Food Inflation

Cost of food in Dominican Republic increased 7.30 percent in February of 2020 over the same month in the previous year. Food Inflation in Dominican Republic averaged 8.98 percent from 2000 until 2020, reaching an all time high of 94.54 percent in March of 2004 and a record low of -9.87 percent in August of 2005. This page provides - Dominican Republic Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Cpi Housing Utilities

Cpi Housing Utilities in Dominican Republic decreased to 120.40 points in February from 120.83 points in January of 2020. Cpi Housing Utilities in Dominican Republic averaged 82.21 points from 1999 until 2020, reaching an all time high of 125.43 points in September of 2018 and a record low of 25.47 points in January of 1999. This page provides - Dominican Republic Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Dominican Republic expanded 5.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican Republic averaged 5.51 percent from 1992 until 2019, reaching an all time high of 14 percent in the second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003. The Dominican Republic is one of the fastest growing economies in the Caribbean. The most important sector of the economy is services, specifically tourism, finance and telecommunications. Mining has also been growing in importance, and ferronickel and gold production is expected to continue increasing. The Dominican Republic is also dependent on remittances and on revenues from the free-trade zones. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic GDP Constant Prices

GDP Constant Prices in Dominican Republic increased to 1231896.50 DOP Millions in the fourth quarter of 2019 from 1120171.10 DOP Millions in the third quarter of 2019. GDP Constant Prices in Dominican Republic averaged 697589.46 DOP Millions from 2007 until 2019, reaching an all time high of 1231896.50 DOP Millions in the fourth quarter of 2019 and a record low of 346180.10 DOP Millions in the first quarter of 2007. This page provides - Dominican Republic Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Gross Fixed Capital Formation

Gross Fixed Capital Formation in Dominican Republic increased to 349963.77 DOP Millions in the fourth quarter of 2019 from 306302.05 DOP Millions in the third quarter of 2019. Gross Fixed Capital Formation in Dominican Republic averaged 90579.75 DOP Millions from 1991 until 2019, reaching an all time high of 349963.77 DOP Millions in the fourth quarter of 2019 and a record low of 4137.32 DOP Millions in the first quarter of 1991. This page provides - Dominican Republic Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.




dominican republic

Dominican Republic Government Spending

Government Spending in Dominican Republic increased to 159916.91 DOP Millions in the fourth quarter of 2019 from 116938.89 DOP Millions in the third quarter of 2019. Government Spending in Dominican Republic averaged 37426.12 DOP Millions from 1991 until 2019, reaching an all time high of 159916.91 DOP Millions in the fourth quarter of 2019 and a record low of 810.89 DOP Millions in the first quarter of 1991. This page provides - Dominican Republic Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.