An economic report of The Dominican Republic

The international high school at Lafayette Economics Mr. Joel Genesis Pena

Click to edit Master subtitle style

4/22/12

An Economic Report Of the D,R

Population & Currency
9, 927,320 people live in Dominican Republic The currency is the Dominican pesos. (1 peso = to 38 US $)

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Natural Resources & Geography
The Dominican Republic has the second largest economy in the Caribbean and Central American region. Known for its sugar production. It is also known for its vast amounts of mountains and its fertile lands producing all types of goods such as: oranges, bananas, among others.

4/22/12 An Economic Report Of the D,R

An Economic Report Of the D,R

Infrastructure

The Dominican Republic has a welldeveloped telecommunications infrastructure. It has an extensive mobile phone and also a landline service. Internet and cable is available in most part of the country. It has recently develop a Subway. This is a major transportation nowadays and approximately 80% of the population use it. We call it (Metro)

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GDP and GDP per capita
In 2010 the gross domestic product of Dominican Republic was 51, 576, 859,661 US$ The GDP per capita was about 5, 195 US$

An Economic Report Of

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Exports
In 2009, the percentage of merchandise exports of DR was about 25% The Dominican Republic’s most important trading partners is the United States with a 54.08%. Other markets include Haiti, China, western Europe, Canada and Japan. The Dominican republic main exports are Nickel, Zugar, Coffe and Tabaco. It also offers free-trade-zone

An Economic Report Of

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Imports
In 2009, the percentage of merchandise fuel imports was about 21%. Dominican Republic’s main imports are foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals. Its main imports partner are the US, with a 42.79%. Venezuela with a 7.04%, Mexico with a 6.17% and Colombia with a 5.59%.

An Economic Report Of

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Trade Balance and currency evaluation
In 2009 Dominican Republic had a -5% current account balance which is around 2 billion US$. Because Dominican republic Exports more than it imports, the Dominican Peso is not very stable. The inflation rate is about 6.3%. This means The percentage increase in the price of goods and services, usually annually.

An Economic Report Of

4/22/12

An Economic Report Of the D,R

Socioeconomic Factors
According to the OECD, Dominican have a upper middle income. With an average income of $39,803,138,017 US$. The life expectancy of Dominican is 73 in 2009. In 2009 Dominican R. unemployment rate for males was 2.2% and females 1.3%

4/22/12

An Economic Report Of the D,R

The Environment

The climate of Dominican Republic is mostly tropical. its vast amount of water allows for the production of goods. The west of Santo Domingo was listed as 10 of the world’s polluted places, due to a lead poisoning by the recycling of batteries. Kids are affected by this environmental issue, causing them learning disabilities and kidney failure.

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An Economic Report Of D,R

Prediction

Even though the Dominican Republic doesn’t have a stable economy, its vast amount of natural resources and the increase of infrastructures will help to keep the country afloat. “According to the 2005 Annual Report of the United Nations Subcommittee on Human Development in the Dominican Republic, the country is ranked #71 in the world for resource availability, #79 for human development, and #14 in the world for resource mismanagement”. http 4/22/12 ://en.wikipedia.org/wiki/Dominican_republic#Economy

Sources.
“DOMINICAN DATA” Click to edit Master subtitle style http://data.worldbank.org/country/dominican-republic “DOMINICAN CURRENCY” http://www.xe.com/?r=1&c= “DOMINICAN ECONOMY” http ://en.wikipedia.org/wiki/Dominican_republic#Economy

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