mailing address: Unit 5500, APO AA 34041-5500
telephone: [1] (809) 221-2171
FAX: [1] (809) 686-7437
Flag description: a centered white cross that extends to the edges divides the flag into four rectangles - the top ones are blue (hoist side) and red, and the bottom ones are red (hoist side) and blue; a small coat of arms is at the center of the cross
Dominican Republic Economy
Economy - overview: The Dominican 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 ten percent enjoy 40% of national income. In December 2000, the new MEJIA administration passed broad new tax legislation which it hopes will provide enough revenue to offset rising oil prices and to service foreign debt.
GDP: purchasing power parity - $48.3 billion (2000 est.)
GDP - real growth rate: 8% (2000 est.)
GDP - per capita: purchasing power parity - $5,700 (2000 est.)
GDP - composition by sector: agriculture: 11.3%