As per International Monetary Fund (IMF)
Dominican Republic’s nominal gross domestic product is expected to grow at a
CAGR of 9.13% from it’s 2015 level of DOP 3068.14 billion and reach DOP 5655.75
billion by 2022.
The Dominican Republic is a nation on the
island of Hispaniola, which is a part of the Greater Antilles archipelago in
the Caribbean region. The western 3/8th of the island is occupied by the nation
of Haiti, making Hispaniola one of two Caribbean islands, along with Saint
Martin, that are shared by two countries. Both by area and population, the
Dominican Republic is the second largest Caribbean nation after Cuba, with 18,705
square miles and an estimated 10 million people, one million of which live in
the capital city, Santo Domingo. The Dominican Republic has the 9th largest
economy in Latin America and the second largest economy in the Caribbean and
Central American region.
Dominica Republic had estimated population of
10.084 million in the year 2016 and expected to reach 10.727 million by 2022.
Dominica Republic's unemployment rate was 5.494% of total labor force.
Dominica Republic's real gross domestic
product (GDP) was around DOP 2242.67 billions in 2016 whereas the nominal GDP
was DOP 3322.41 billions. This resulted in GDP deflator 148.145. Per capita GDP
was estimated at USD 7159.50 whereas purchasing power parity (PPP) based per
capita GDP was estimated to be at USD 16049.46.
In 2016, Dominican Republic's government's
revenue was DOP 479.436 billions whereas the expenditure was DOP 584.517
billions. This resulted Dominican Republic's government's net lending /
borrowing was negative at DOP 105.081 billion in 2016 indicating that enough
financial resources were not made available by the government to boost economic
growth.
The current account balance for Dominica
Republic was estimated to be negative at USD 1.066 billions for the year 2016
and is expected to decline at a CAGR of 17.16% and reach USD 4.045 by 2022.
This negative current account balance indicates the Dominica Republic is a net
borrower to the whole world.
Scope of the Dominican
Republic PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research
Reports
- These reports provide information about key macroeconomic indicators for Dominican Republic.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Dominican Republic.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Dominican Republic.
- These reports provide risk analysis for Dominican Republic.
For more information and to purchase
Dominican Republic PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-pestel-analysis-market-research-report
For more information and to purchase
Dominican Republic SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-swot-analysis-market-research-report
For more information and to purchase
Dominican Republic Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-risk-analysis-market-research-report
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