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The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income [13] developing country with important sectors including mining, tourism, manufacturing (medical devices, electrical equipment, pharmaceuticals, and ...
The Dominican Republic has the largest economy in the Caribbean and the seventh-largest in Latin America. [23] [24] Over the last 25 years, the Dominican Republic has had the fastest-growing economy in the Western Hemisphere – with an average real GDP growth rate of 5.3% between 1992 and 2018. [25]
The Latin American countries Brazil, Mexico, Argentina, Colombia, and Chile are the region's largest economies by gross domestic product (GDP) at purchasing power parity (PPP). Cuba is not included in the list due to lack of economic data. Of the countries listed some are not independent: the Falkland Islands are a British overseas territory ...
t. e. The recorded history of the Dominican Republic began in 1492 when Christopher Columbus, working for the Crown of Castile, arrived at a large island in the western Atlantic Ocean, later known as the Caribbean. The native Taíno people, an Arawakan people, had inhabited the island during the pre-Columbian era, dividing it into five chiefdoms.
Dominican Republic and the International Monetary Fund and the World Bank. The Dominican Republic is a lower middle-income country stretching over 18,172 miles on the Island of Hispaniola. It has the tenth largest economy in Latin America, and the largest economy in the Caribbean region. Agriculture, tourism, Free Trade Zone (FTZ) Manufacturing ...
The Dominican Republic has the largest economy in the Caribbean and the seventh-largest in Latin America. Over the last 25 years, the Dominican Republic has had the fastest-growing economy in the Western Hemisphere – with an average real GDP growth rate of 5.3% between 1992 and 2018. GDP growth in 2014 and 2015 reached 7.3 and 7.0% ...
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 in hemispheric affairs.
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.