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The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income [13] developing country with important sectors including mining, tourism, manufacturing (medical devices, electrical equipment, pharmaceuticals, and chemicals), energy, real estate, infrastructure ...
President Mejia only received $120 of the $600 million he asked from the IMF. The Dominican Republic lost 67% of the annual budget and about $700 million. [5] The Dominican Recession (2002) brought a halt to the steady rapid growth brought by the telecommunications and mining sectors. The DR was exporting good and unemployment was down.
With the addition of the Dominican Republic, the trade group's largest economy, the region covered by CAFTA-DR is the second-largest Latin American export market for U.S. producers, behind only Mexico, buying $29 billion (~$36.4 billion in 2023) of goods in 2015. Two-way trade amounted to about $50 billion in the same year.
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
The Dominican Republic exported $4.5 billion to the United States in 2006, equaling some 75% of its export revenues. The Dominican Republic is the 47th-largest commercial partner of the U.S. The U.S. Embassy works closely with U.S. business firms and Dominican trade groups, both of which can take advantage of the new opportunities in this ...
Exports from the United States to the Dominican Republic in 2018 totaled US$8.9 billion, up 14% from the previous year. The Dominican Republic exported $5.3 billion to the United States in 2018. The U.S. Embassy works closely with U.S. business firms and Dominican trade groups , both of which can take advantage of the new opportunities in this ...
The wealth and importance of colonial Latin America was based on two main export products: silver and sugar. Many histories of the colonial era end with the political events of independence, but a number of economic historians see important continuities between the colonial era and the post-independence era up to around 1850.