Dominican Republic

Names: conventional long form: Dominican Republic conventional short form: The Dominican local long form: Republica Dominicana local short form: La Dominicana

Capital City: Santo Domingo

Population: 9,183,984 (July 2006 est.)

GDP Per Capita: $8,000 (2006 est.)

Currency: Dominican peso (DOP)

Languages: Spanish

Total Area: total: 48,730 sq km land: 48,380 sq km water: 350 sq km slightly more than twice the size of New Hampshire

Region: North America

Industries: tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco

Agriculture: sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs

Resources: nickel, bauxite, gold, silver

Labor Force: 3.896 million (2006 est.)
agriculture: 17% industry: 24.3% services: 58.7% (1998 est.)

Exports: $6.495 billion f.o.b. (2006 est.)
ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, consumer goods

Imports: $11.39 billion f.o.b. (2006 est.)
foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals

Overview: The Dominican Republic is a Caribbean representative democracy that enjoyed strong GDP growth until 2003. 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. Growth turned negative in 2003 with reduced tourism, a major bank fraud, and limited growth in the US economy (the source of about 80% of export revenues), but recovered in 2004-06. With the help of strict fiscal targets agreed in the 2004 renegotiation of an IMF standby loan, President FERNANDEZ has stabilized the country's financial situation. Although the economy continues to grow at a respectable rate, high unemployment and inflation remain important challenges. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GNP, while the richest 10% enjoys nearly 40% of national income. The Dominican Republic's development prospects improved with the ratification of the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) in September 2005.

CIA World Book

In 2007 Missouri exported $15,827,224 in goods to Dominican Republic. This ranks Dominican Republic 55th among the 223 international buyers of Missouri goods. Missouri exports to Dominican Republic decreased from the previous year by $4,147,074 a change of -20.76%. State exports to Dominican Republic have increased over the last 5 years by $6,488,108 a change of 69.47%. Missouri exports account for .12%. of all 2007 US exports to Dominican Republic.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 9,339,116 5,711,951 10,493,992 22,026,993 19,974,298 15,827,224
000 - Total All Industries US 4,261,556,126 4,213,554,761 4,342,881,839 4,708,526,021 5,347,802,072 6,090,850,952
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