| |  Dominican Republic Business Guide
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Geography
Location:
Caribbean, eastern two-thirds of the island of Hispaniola, between the Caribbean Sea and the North Atlantic Ocean, east of Haiti
Geographic coordinates:
19 00 N, 70 40 W
Map references:
Central America and the Caribbean
Area:
total: 48,670 sq km country comparison to the world: 131 land: 48,320 sq km water: 350 sq km
Land boundaries:
total: 360 km border countries: Haiti 360 km
Coastline:
1,288 km
Maritime claims:
measured from claimed archipelagic straight baselines territorial sea: 6 nm contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin
Climate:
tropical maritime; little seasonal temperature variation; seasonal variation in rainfall
Terrain:
rugged highlands and mountains with fertile valleys interspersed
| | Elevation extremes:
lowest point: Lago Enriquillo -46 m highest point: Pico Duarte 3,175 m
Natural resources:
nickel, bauxite, gold, silver
Land use:
arable land: 22.49% permanent crops: 10.26% other: 67.25% (2005)
Irrigated land:
2,750 sq km (2003)
Total renewable water resources:
21 cu km (2000)
Freshwater withdrawal (domestic/industrial/agricultural):
total: 3.39 cu km/yr (32%/2%/66%) per capita: 381 cu m/yr (2000)
Natural hazards:
lies in the middle of the hurricane belt and subject to severe storms from June to October; occasional flooding; periodic droughts
Environment - current issues:
water shortages; soil eroding into the sea damages coral reefs; deforestation
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: Law of the Sea
Geography - note:
shares island of Hispaniola with Haiti | |
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People
Population:
9,650,054 (July 2009 est.) country comparison to the world: 85
Age structure:
0-14 years: 31.4% (male 1,543,141/female 1,488,016) 15-64 years: 62.7% (male 3,087,351/female 2,960,319) 65 years and over: 5.9% (male 264,476/female 306,751) (2009 est.)
Median age:
total: 24.9 years male: 24.8 years female: 25.1 years (2009 est.)
Population growth rate:
1.489% (2009 est.) country comparison to the world: 91
Birth rate:
22.39 births/1,000 population (2009 est.) country comparison to the world: 83
Death rate:
5.28 deaths/1,000 population (July 2009 est.) country comparison to the world: 182
Net migration rate:
-2.22 migrant(s)/1,000 population (2009 est.) country comparison to the world: 141
Urbanization:
urban population: 69% of total population (2008) rate of urbanization: 2.6% annual rate of change (2005-10 est.)
Sex ratio:
at birth: 1.04 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 1.04 male(s)/female 65 years and over: 0.86 male(s)/female total population: 1.03 male(s)/female (2009 est.)
Infant mortality rate:
total: 25.96 deaths/1,000 live births country comparison to the world: 83 male: 28 deaths/1,000 live births female: 23.84 deaths/1,000 live births (2009 est.)
| | Life expectancy at birth:
total population: 73.7 years country comparison to the world: 99 male: 71.88 years female: 75.6 years (2009 est.)
Total fertility rate:
2.76 children born/woman (2009 est.) country comparison to the world: 79
Major infectious diseases:
degree of risk: high food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fever vectorborne diseases: dengue fever and malaria water contact disease: leptospirosis (2009)
Nationality:
noun: Dominican(s) adjective: Dominican
Ethnic groups:
mixed 73%, white 16%, black 11%
Religions:
Roman Catholic 95%, other 5%
Languages:
Spanish
Literacy:
definition: age 15 and over can read and write total population: 87% male: 86.8% female: 87.2% (2002 census)
School life expectancy (primary to tertiary education):
total: 12 years male: 12 years female: 13 years (2004)
Education expenditures:
3.6% of GDP (2006) country comparison to the world: 126 | |
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Economy
Economy - overview:
The Dominican Republic has enjoyed strong GDP growth since 2005 and continued to post sound gains through mid-2008. The global recession, however, had a significant impact on GDP growth in the latter half of the year as tourism and remittances, two of the Dominican Republic's most important economic contributors, showed signs of slowing. The economy is highly dependent upon the US, the destination for about two-thirds of exports. Remittances from the US amount to about a tenth of GDP, equivalent to almost half of exports and three-quarters of tourism receipts. The country has long been viewed primarily as an exporter of sugar, coffee, and tobacco but in recent years the service sector has overtaken agriculture as the economy's largest employer due to growth in tourism and free trade zones. Although 2007 saw inflation around 6%, the rate grew to over 12% in 2008. High food prices, driven by the effects of consecutive tropical storms on agricultural products, and education prices were significant contributors to the jump. The effects of the global financial crisis and the US recession are projected to negatively affect GDP growth in 2009 with a rebound expected in 2010. Although the economy is growing at a respectable rate, high unemployment and underemployment remains an important challenge. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GNP, while the richest 10% enjoys nearly 40% of national income. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) came into force in March 2007, which should boost investment and exports and reduce losses to the Asian garment industry.
GDP (purchasing power parity):
$78.19 billion (2008 est.) country comparison to the world: 76 $74.25 billion (2007 est.) $68.43 billion (2006 est.) note: data are in 2008 US dollars
GDP (official exchange rate):
$44.44 billion (2008 est.)
GDP - real growth rate:
5.3% (2008 est.) country comparison to the world: 78 8.5% (2007 est.) 10.7% (2006 est.)
GDP - per capita (PPP):
$8,200 (2008 est.) country comparison to the world: 119 $7,900 (2007 est.) $7,400 (2006 est.) note: data are in 2008 US dollars
GDP - composition by sector:
agriculture: 10.8% industry: 22.9% services: 66.3% (2008 est.)
Labor force:
4.119 million (2008 est.) country comparison to the world: 85
Labor force - by occupation:
agriculture: 14.6% industry: 22.3% services: 63.1% (2005)
Unemployment rate:
14.1% (2008 est.) country comparison to the world: 149 15.6% (2007 est.)
Population below poverty line:
42.2% (2004)
Household income or consumption by percentage share:
lowest 10%: 1.5% highest 10%: 38.7% (2005)
Distribution of family income - Gini index:
49.9 (2005) country comparison to the world: 25 47.4 (1998)
Investment (gross fixed):
19.4% of GDP (2008 est.) country comparison to the world: 117
Public debt:
37.4% of GDP (2008 est.) country comparison to the world: 62 61.1% of GDP (2004 est.)
Inflation rate (consumer prices):
10.6% (2008 est.) country comparison to the world: 155 6.1% (2007 est.)
Commercial bank prime lending rate:
19.95% (31 December 2008) country comparison to the world: 39 15.83% (31 December 2007)
Stock of money:
$3.619 billion (31 December 2008) country comparison to the world: 62 $4.074 billion (31 December 2007)
Stock of quasi money:
$5.902 billion (31 December 2008) country comparison to the world: 61 $5.631 billion (31 December 2007)
| | Stock of domestic credit:
$17.37 billion (31 December 2008) country comparison to the world: 62 $15.92 billion (31 December 2007)
Market value of publicly traded shares:
$NA
Agriculture - products:
sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs
Industries:
tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco
Industrial production growth rate:
1.3% (2008 est.) country comparison to the world: 119
Electricity - production:
14.02 billion kWh (2007 est.) country comparison to the world: 80
Electricity - consumption:
12.7 billion kWh (2007 est.) country comparison to the world: 76
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
0 bbl/day (2008 est.) country comparison to the world: 181
Oil - consumption:
119,000 bbl/day (2008 est.) country comparison to the world: 72
Oil - exports:
0 bbl/day (2007 est.) country comparison to the world: 190
Oil - imports:
116,200 bbl/day (2007 est.) country comparison to the world: 63
Oil - proved reserves:
0 bbl country comparison to the world: 179
Natural gas - production:
0 cu m (2008 est.) country comparison to the world: 188
Natural gas - consumption:
470 million cu m (2008 est.) country comparison to the world: 96
Natural gas - exports:
0 cu m (2008) country comparison to the world: 188
Natural gas - imports:
470 million cu m (2008 est.) country comparison to the world: 61
Natural gas - proved reserves:
0 cu m (1 January 2009 est.) country comparison to the world: 186
Current account balance:
-$4.436 billion (2008 est.) country comparison to the world: 155 -$2.068 billion (2007 est.)
Exports:
$6.95 billion (2008 est.) country comparison to the world: 99 $7.16 billion (2007 est.)
Exports - commodities:
ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, consumer goods
Exports - partners:
US 58.1%, Haiti 9.3%, Netherlands 2.9% (2008)
Imports:
$16.1 billion (2008 est.) country comparison to the world: 77 $13.6 billion (2007 est.)
Imports - commodities:
foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals
Imports - partners:
US 39.2%, Venezuela 7.7%, Mexico 5.4%, Colombia 4.9% (2008)
Reserves of foreign exchange and gold:
$2.288 billion (31 December 2008 est.) country comparison to the world: 106 $2.562 billion (31 December 2007 est.)
Stock of direct foreign investment - at home:
$15.59 billion (31 December 2008 est.) country comparison to the world: 70 $12.71 billion (31 December 2007 est.)
Stock of direct foreign investment - abroad:
$59 million (31 December 2008 est.) country comparison to the world: 80 |
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Communications
Telephones - main lines in use:
985,700 (2008) country comparison to the world: 82
Telephones - mobile cellular:
7.21 million (2008) country comparison to the world: 70
Telephone system:
general assessment: relatively efficient system based on island-wide microwave radio relay network domestic: fixed telephone line density is about 10 per 100 persons; multiple providers of mobile cellular service with a subscribership of roughly 75 per 100 persons international: country code - 1-809; landing point for the Americas Region Caribbean Ring System (ARCOS-1) fiber-optic telecommunications submarine cable that provides links to South and Central America, parts of the Caribbean, and US; satellite earth station - 1 Intelsat (Atlantic Ocean) (2008)
| | Radio broadcast stations:
AM 120, FM 56, shortwave 4 (1998)
Television broadcast stations:
25 (2003)
Internet country code:
.do
Internet hosts:
280,457 (2009) country comparison to the world: 56
Internet users:
2.147 million (2008) country comparison to the world: 68 | |
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Transportation
Airports:
35 (2009) country comparison to the world: 108
Airports - with paved runways:
total: 16 over 3,047 m: 3 2,438 to 3,047 m: 4 1,524 to 2,437 m: 4 914 to 1,523 m: 4 under 914 m: 1 (2009)
Airports - with unpaved runways:
total: 19 1,524 to 2,437 m: 1 914 to 1,523 m: 1 under 914 m: 17 (2009)
Railways:
total: 1,784 km country comparison to the world: 77 standard gauge: 375 km 1.435-m gauge narrow gauge: 1,368 km 1.076-m, 0.889-m, and 0.762-m gauges note: 1,226 km operated by sugar companies in 1.076 m, 0.889 m, and 0.762-m gauges (2008)
| | Roadways:
total: 19,705 km country comparison to the world: 110 paved: 9,872 km unpaved: 9,833 km (2002)
Merchant marine:
total: 1 country comparison to the world: 149 by type: cargo 1 registered in other countries: 1 (Panama 1) (2008)
Ports and terminals:
Boca Chica, Caucedo, Puerto Plata, Rio Haina, Santo Domingo | |
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Doing Business in Dominican Republic 2010
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Ease of doing business (rank)
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107
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Starting a business (rank)
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Protecting investors (rank)
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5
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Extent of disclosure index (0-10)
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4
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Extent of director liability index (0-10)
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8
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Cost (% of income per capita)
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Ease of shareholder suits index (0-10)
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5.7
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Minimum capital (% of income per capita)
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Strength of investor protection index (0-10)
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70
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Dealing with Construction permits (rank)
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9
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Payments (number per year)
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324
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19.3
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Cost (% of income per capita)
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17.8
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Labor tax and contributions (%)
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1.8
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39.0
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Difficulty of hiring index (0-100)
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Total tax rate (% of profit)
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36
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Rigidity of hours index (0-100)
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Difficulty of redundancy index (0-100)
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Trading across borders (rank)
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6
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Rigidity of employment index (0-100)
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Documents to export (number)
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9
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Redundancy cost (weeks of salary)
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916
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Cost to export (US$ per container)
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7
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Registering property (rank)
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Documents to import (number)
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10
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1,150
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Cost to import (US$ per container)
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86
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Cost (% of property value)
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Enforcing contracts (rank)
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34
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460
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Strength of legal rights index (0-10)
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40.9
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Depth of credit information index (0-6)
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146
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Public registry coverage (% of adults)
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Private bureau coverage (% of adults)
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Closing a business (rank)
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8.9
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Recovery rate (cents on the dollar)
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3.5
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38
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Information provided by The World Bank Group
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WSG MEMBERS IN
DOMINICAN REPUBLIC
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DOMINICAN REPUBLIC GUIDES
BY WSG MEMBERS
LATEST NEWS IN
DOMINICAN REPUBLIC
Boston Globe Wed, 08 Sep 2010
NJ.com Wed, 08 Sep 2010
ABC News Wed, 08 Sep 2010
BBC News Thu, 09 Sep 2010
Oye! Times (blog) Thu, 09 Sep 2010
Holmes County Times Advertiser Wed, 08 Sep 2010
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