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DOMINICAN REPUBLIC / HIGHLY CONVENIENT LOCATION, UNIQUE ADVANTAGES

4

years electoral period

6.5%

of economic annual growth

102%

of GDP increase accumulated
over the last 10 years

Having a general enviroment of social peace, the Dominican Republic is one of the most stable democracies in Latin America and the Caribbean.

Provides

  • Legal Framework
  • Keeps a social, political and economic stable climate, favorable investment
  • 4 years electoral period
  • 6.5% of economic growth
  • 102% of GDP increase in the past 10 years 

TERRITORY AND INDICATORS

GOVERNMENT

Having a general environment of social peace, the Dominican Republic is one f the most stable democracies in Latin America and the Caribbean.

LOCATION

Located in the middle of the Caribbean Sea,
the Dominican Republic is near the main consumer of the world (United States) and has access to all the trade routes of the international markets such as LATAM and
Europe.

  • Geography: 48,670 square kilometers
  • Time zone: -4 GMT

POPULATION

  • 10,648,791(July 2017 est.)
  • Language: Spanish (official)
  • Education: 4% of GDP (2013)
  • Labor force: 4.893 million (2016 est.)
  • Unemployment rate: 14.2% (2016 est.)
  • Currency: Dominican peso
  • 87% literacy rate

CLIMATE

Dominican Republic is known through the world by the country of eternal summer, that’s the reason that is best described its climate as a tropical, with sunny days year-round and average annual temperatures hovering just below 80°F (26° C). Variations from that average are determined more by altitude than anything else. 
Temperatures at higher elevations in the central mountain range, the Cordillera Central, can drop into the 60s F (17° – 18° C), and it’s not uncommon to see temperatures above 90°F (32°C) on the coastal plains. Northeast trade winds blow off the Atlantic year-round and are especially welcome on the northern side of the island. The average temperature in the capital, Santo Domingo, is 75°F (24°C) in January and 80°F (27°C) in July.

Economy: The Dominican Republic has long been viewed primarily as an exporter of sugar, coffee, and tobacco, but in the last 20 years the service sector has overtaken agriculture as the economy’s largest employer, due to growth in telecommunications, tourism, and free trade zones. The growth of economy rebounded from the global recession in 2010-12 and remains one of the fastest growing in the region.

GOVERNMENT

  • Government type: democratic republic

  • Administrative divisions: 31 provinces

  • Executive: President Danilo Medina Sánchez (since 16 August 2012); Vice President Margarita Cedeño de Fernández (since 16 August 2012)

  • Judicial: Supreme Court of Justice (consists of a minimum of 16 magistrates); Constitutional Court (consists of 13 judges)

  • Legislative: bicameral National Congress consists of the Senate (32 seats; members elected by popular vote to serve four-year terms) and the House of Representatives (183 seats; members are elected by popular vote to serve four-year terms)