International Trade in the Dominican Republic

International Trade in Dominican Republic

The Dominican economy, which had shown a strong growth until 2007, was affected by the global economic crisis, which provoked a drop in tourism and in money transfers from expatriates.  The crisis intensified structural problems such as failures in the electric sector and almost created a... Read more

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Market Analyses About the Dominican Republic (26)

Import and Export Services in the Dominican... (171)

  • Servicios de Consultoria Global

    Servicios de Consultoria Global

    International Trade Consulting, the Dominican Republic

    International Trade Research or Business Intelligence. New Business Expansion studies. Export opportunities. Impact of Free Trade...
  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, the Dominican Republic

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...

Business Tips About the Dominican Republic (7)

Agents and Distributors in the Dominican Republic (7)

  • MIAMI EXPORT PURCHASING CORPORATION

    Distributors, the Dominican Republic

    WE PURCHASE GOODS BASED ON OUR CUSTOMERS NEEDS. WE CONSOLIDATE THEIR ORDER AND SHIP OUT ACCORDING TO URGENCY -COURIER, AIR OR OCEAN...
  • Danaliska International Corp

    Distributors, the Dominican Republic

    Importers and Exporters of Agricultural and Canned Products: Market Products: Beans Black Pepper Calcium Carbonate- Canned...

Overview About International Trade in the Dominican Republic

Economic Overview

The Dominican economy, which had shown a strong growth until 2007, was affected by the global economic crisis, which provoked a drop in tourism and in money transfers from expatriates.  The crisis intensified structural problems such as failures in the electric sector and almost created a tax deficit in the Central Bank. After having dropped to 3.5% in 2009, the GDP's growth rebounded in 2010 attaining 5.5%, and it should remain at this level in 2011. 

The government revenues dropped under the effect of the crisis and the Dominican Republic had to negotiate with the IMF a stand-by agreement which essentially consists of implementing a contra-cyclic fiscal policy and a flexible monetary policy.  If the revival is vigorous, the country still has to increase fiscal revenues, to reduce the electricity subventions and to prevent overheating the economy. 

The Dominican Republic is a middle-income country where there is a great level of inequality in the share of revenues.  More than one third of its population lives below the poverty line, the rate of unemployment is high (14%), as well as the level of informal work.

 

FDI in Figures

The country is among the main recipients o...

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