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DOMINICAN REPUBLIC / HIGHLY CONVENIENT LOCATION, UNIQUE ADVANTAGES

4

year electoral period

6.5%

of economic grouth

102%

of GDP increase

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

Provides

  • Legal Framework
  • Keeps a social climate favorable investment
  • 4 year 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 market.

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

POPULATION

  • 10,648,791(July 2017 est.)
  • Language: Spanish (official)
  • Education: 2.2% of GDP (2007)
  • Labor force: 4.893 million (2016 est.)
  • Unemployment rate: 14.2% (2016 est.)
  • Currency: Dominican peso

CLIMATE

tropical maritime; little seasonal temperature variation; seasonal variation in rainfall:

  • Driest Month – March: 19 mm average rainfall
  • Wettest month – June: 185 mm average rainfall

Economy: The Dominican Republic has long been viewed primarily as an exporter of sugar, coffee, and tobacco, but in recent 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. The fiscal situation, however, is weak; the fiscal deficit climbed from 2.6% in 2011 to approximately 8% in 2012.

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)