General Information

The Dominican Republic is a Caribbean nation that shares the island of Hispaniola with Haiti to the west. It’s known for its beaches, resorts and golfing. Its terrain comprises rainforest, savannah and highlands, including Pico Duarte, the Caribbean’s tallest mountain. Capital city Santo Domingo has Spanish landmarks like the Gothic Catedral Primada de America dating back 5 centuries in its Zona Colonial district.

Population

Dominican Republic has a population of 10,075,045

Political Structure

The Dominican Republic is a representative democracy or democratic republic, with three branches of power: executive, legislative, and judicial. The president of the Dominican Republic heads the executive branch and executes laws passed by the congress, appoints the cabinet, and is commander in chief of the armed forces. The president and vice-president run for office on the same ticket and are elected by direct vote for 4-year terms. The national legislature is bicameral, composed of a senate, which has 32 members, and the Chamber of Deputies, with 178 members.

Economy

The Dominican Republic is the largest economy (according to the U.S. State Department and the World Bank) in the Caribbean and Central American region. It is an upper middle-income developing country, with a 2015 GDP per capita of $14,770, in PPP terms. Over the last two decades, the Dominican Republic have been standing out as one of the fastest-growing economies in the Americas – with an average real GDP growth rate of 5.4% between 1992 and 2014. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. In the first half of 2016 the Dominican economy grew 7.4%.As of 2015, the average wage in nominal terms is 392 USD per month ($17,829 DOP).

Language

The population of the Dominican Republic is mostly Spanish-speaking.

Currency

Peso (DOP)

Dominican Republic Offering