Dominican Republic

Continent

North America

Capital

Santo Domingo

Population

10,815,857

Sub-Zones

General Information

Basic details about Dominican Republic

Population:: 10,815,857
Area:: 48,670 sq km
Currency:: Dominican pesos
Languages:: Spanish

Economic Overview

Key economic indicators for Dominican Republic

GDP:: $261.616 billion
GDP per Capita:: $23,100
GDP Growth:: 2.36%
Inflation:: 4.79%
Unemployment:: 5.56%
Public Debt:: 37.2% of GDP
Credit Rating:: BB- (2015)

Political System

Governance structure of Dominican Republic

Government Type:: presidential republic
Head of State:: President Luis Rodolfo ABINADER Corona (since 16 August 2020)
Head of Government:: President Luis Rodolfo ABINADER Corona (since 16 August 2020)
Judiciary:: Supreme Court of Justice or Suprema Corte de Justicia (consists of a minimum of 16 magistrates); Constitutional Court or Tribunal Constitucional (consists of 13 judges); note - the Constitutional Court was established in 2010 by constitutional amendment
Administrative Divisions:: 10 regions (regiones, singular - region); Cibao Nordeste, Cibao Noroeste, Cibao Norte, Cibao Sur, El Valle, Enriquillo, Higuamo, Ozama, Valdesia, Yuma

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 1715 22nd Street NW, Washington, DC 20008

Major Alliances and Organizations

OAS

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

6.4% (2023 est.)

Industry

31.1% (2023 est.)

Services

56% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $25.843 billion
Imports:: $34.455 billion

Major Trading Partners

USA 52

Switzerland 7

Haiti 6

China 5

India 3

Economic Outlook

Dominican Republic has a 2.36% GDP growth rate with 4.79% inflation. The economy is characterized by a strong agriculture sector.