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Currency exchange
07-Sep-2010

36.69 = 1US$


 




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 9,500,000 (est.)
Area 48,380 km2
Local Currency Dominican Peso (DOP)
Literacy 84.7%
Economically active population 4,636,000
as % of total population 48.8%
Unemployment rate 14.0% (national areas - CEPAL statistic 2008)
   
Gross Domestic Product (GDP) 46,271 US$ millions
as % of Regional GDP 1.2% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 4,871 US$
Ranking in Latin America 11

Important dates
  • January 1 - New Year
  • January 21-Our Lady of Altagracia
  • January 26-Duarte's Birthday
  • February 27-Independence Day
  • Thursday and Friday - Change holy as the year
  • Corpus Christi - Change as the year
  • August 16 - Feast of Restoration
  • September 24 - Our Lady of Mercedes
  • Novembres 6 - Constitution Day
  • December 25-Christmas
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Economic Statistics
(years 2006 - proj. 2010)
Dominican Republic has a Gross Domestic Product of US$46,271MM. This is distributed by sectors in the following way: agriculture with 10.8%, having as main products sugarcane, coffee, cotton, cocoa; industry with 22.9%, having as main products tourism, sugar processing, ferronickel and gold mining, textiles; and the services sector with 66.3%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 10.7% 8.5% 5.3% 3.5% 4.0%
Nominal GDP (US$ millions) 35,660 41,013 46,097 46,271 49,895
GDP per Head (US$) 3,919 4,458 4,957 4,871 5,197
GDP by Sector     100.0%    
Agriculture     10.8%    
Industry     22.9%    
Services     66.3%    
Inflation rate 5.0% 8.9% 4.5% 5.8% 6.4%
Budget Balance -1.2% 0.2% -3.4% -3.5% -3.0%

GPD Growth
.
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 58.1% of Dominican exports, whereas the main export products are constituted by free trade zone products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 58.1% US 39.2%
Haiti 9.3% Venezuela 7.7%
Netherlands 2.9% Mexico 5.4%
Belgium 2.6% Colombia 4.9%
By products By products
Free trade zones 64.5% Fuels 26.4%
Ferro nickel 7.3% Consumer goods 24.0%
Sugar & derivatives 1.6% Raw materials 20.7%
Cocoa & derivatives 1.6% Free trade zones 15.7%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proy. 2010
 
Exchange rate: DOP / US$
(end of period)
33.80 34.34 35.46 36.21 37.90
           
Exports of goods 6,610 7,160 6,748 5,463 6,039
Imports of goods 12,174 13,597 15,993 12,283 13,896
Trade & Services Balance -2,604 -3,443 -6,283 -3,786 -4,786
% GDP -7.3% -8.4% -13.6% -8.2% -9.6%
Income Balance -1,853 -2,081 -1,815 -1,843 -1,949
% GDP -5.2% -5.1% -3.9% -4.0% -3.9%
Current Transfers Balance 3,144 3,401 3,513 3,293 3,487
% GDP 8.8% 8.3% 7.6% 7.1% 7.0%
Current Account Balance -1,313 -2,123 -4,585 -2,336 -3,248
% GDP
-3.7% -5.2% -9.9% -5.0% -6.5%
Net Direct Investments flows 1,598 1,563 2,971 2,158 1,900
% GDP 4.5% 3.8% 6.4% 4.7% 3.8%
Net Portfolio Investments flows 81 542 -457 -450 50
% GDP 0.2% 1.3% -1.0% -1.0% 0.1%



 


 


2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 8,774 10,319 11,446 12,333 14,385
% GDP 24.6% 25.2% 24.8% 26.7% 28.8%
     
Foreign Debt Service 1,470 1,337 1,446 1,295 1,511
Principal repayments 1,103 899 1,029 824 974
Interest payments 367 438 417 471 537
           
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