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| Government Type |
representative democracy |
| Legal System |
based on French civil codes |
| Currency |
Dominican peso (DOP) |
| Economic Overview |
The Dominican Republic's economy experienced dramatic growth over the last decade, even though the economy was hit hard by Hurricane Georges in 1998. Although the country has long been viewed primarily as an exporter of sugar, coffee, and tobacco, in recent years the service sector has overtaken agriculture as the economy's largest employer, due to growth in tourism and free trade zones. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GNP, while the richest 10% enjoy nearly 40% of national income. Growth probably will slow in 2003 with reduced tourism and expected low growth in the US economy, the source of 87% of export revenues. |
| Natural Resources |
nickel, bauxite, gold, silver |
| Primary Industries |
tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco |
| Agricultural Products |
sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs |
| Import Commodities |
foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals |
| Export Commodities |
ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, consumer goods |
| Export Partners |
US 87.3%, Netherlands 1.1%, Canada 0.7%, France 0.7% (2000) |
| AIRPORTS of Dominican Republic |
| Puerto Plata Airport |
International, Puerto Plata Airport 18km (11miles), Position 19°45´28"N, 070°34´12"W, Elevation 5m (16ft),10 Aircraft Stands |
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