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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 chemicals), energy, real estate, infrastructure ...
The Dominican Republic[ a ] is a North American country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean Sea, bordered by the Atlantic Ocean to the north. It occupies the eastern five-eighths of the island, which it shares with Haiti, [ 15 ][ 16 ] making Hispaniola one of only two Caribbean islands, along ...
The World Bank has sent the Dominican Republic $230 million (2016), $1 million (2017), $150 million (2018), and $180 million in 2019. The loans vary each year depending on existing loans, urgency, and other factors that influence the Project Cycle. World Bank projects in the Dominican Republic vary from expanding the energy sector, improving ...
More than 10 million tourists visited the Dominican Republic in 2023, [ 1 ][ 2 ] making it the most popular tourist destination in the Caribbean and putting it in the top 5 overall in the Americas. [ 3 ] The industry accounts for 11.6% of the nation's GDP [ 4 ] and is a particularly important source of revenue in coastal areas of the country.
The World Factbook, 2009 est. The Dominican peso, officially the peso dominicano since 2010, is the currency of the Dominican Republic. Its symbol is "$", with "RD$" used when distinction from other pesos (or dollars) is required; its ISO 4217 code is "DOP". Each peso is divided into 100 centavos ("cents"), for which the ¢ symbol is used.
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 population (1961–2003). According to the 2022 revision of the World Population Prospects [2][3] the total population was 11,117,873 in 2021, compared to 2,380,000 in 1950. The proportion of the population aged below 15 in 2010 was 31.2%, 62.8% were aged between 15 and 65 years of age, while 6% were aged 65 years or older.
The Ministry of Economy, Planning and Development ( Spanish: Ministerio de Economía, Planificación y Desarrollo or MEPyD) of the Dominican Republic is a government institution which coordinates the country's macroeconomic politics and sustainable development. It regulates the National System for Development and Public Investment, controls the ...