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In 2018, the Dominican Republic produced 644 thousand tons of avocado (it is the 2nd largest producer in the world), 1 million tons of papaya (it is the 4th largest producer in the world), 5.2 million tons of sugarcane, 2.1 million tons of banana, 85 thousand tons of cocoa, 442 thousand tons of palm oil, 407 thousand tons of pineapple, 403 thousand tons of coconut, 627 thousand tons of rice ...
The Ministry of Finance (Spanish: Ministerio de Hacienda), also Ministry of Internal Revenue, of the Dominican Republic is the government institution in charge of preparing, executing and evaluating the coutry's fiscal policies, including national income, expenses and finance and securing its sustainability in relation to the economical policies.
A new income tax law, passed in 1997 and effective 1998, determined residence as the basis for taxation of worldwide income. [169] The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [170]
The Dominican Republic, a country in the Caribbean, boasts one of the region's most dynamic economies. [1] With a GDP (Gross Domestic Product) of approximately 127.356 billion [2] USD in 2024, it stands out as one of the largest economies in the Caribbean.
The Dominican Republic [a] is a North American country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the North Atlantic Ocean.It shares a maritime border with Puerto Rico to the east and a land border with Haiti to the west, occupying the eastern five-eighths of Hispaniola which, along with Saint Martin, is one of only two islands in the Caribbean shared ...
Presidents Francisco Flores Pérez, Ricardo Maduro, George W. Bush, Abel Pacheco, Enrique Bolaños and Alfonso Portillo. The Dominican Republic–Central America–United States Free Trade Agreement (CAFTA-DR; Spanish: Tratado de Libre Comercio entre República Dominicana, Centroamérica y Estados Unidos de América, TLC) is a free trade agreement (legally a treaty under international law).
US Secretary of State Marco Rubio meeting with Dominican Republic president Luis Abinader in 2025. The country's standing as the largest Caribbean economy, second-largest country in terms of land mass, and third-largest in population, with large bilateral trade with (due to its proximity to) the United States and other smaller Caribbean nations make the Dominican Republic an important partner ...
The Dominican Republic's standing as the largest Caribbean economy, second-largest country in terms of population and land mass, with large bilateral trade with the United States, and its proximity to the United States and other smaller Caribbean nations make the Dominican Republic an important partner in hemispheric affairs.