Lewes, DE — 12/20/2017 — As per International Monetary Fund (IMF) Dominican Republic's nominal gross domestic product is expected to grow at a CAGR of 9.13% from it's 2015 level of DOP 3068.14 billion and reach DOP 5655.75 billion by 2022.
The Dominican Republic is a nation on the island of Hispaniola, which is a part of the Greater Antilles archipelago in the Caribbean region. The western 3/8th of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two countries. Both by area and population, the Dominican Republic is the second largest Caribbean nation after Cuba, with 18,705 square miles and an estimated 10 million people, one million of which live in the capital city, Santo Domingo. The Dominican Republic has the 9th largest economy in Latin America and the second largest economy in the Caribbean and Central American region.
Dominica Republic had estimated population of 10.084 million in the year 2016 and expected to reach 10.727 million by 2022. Dominica Republic's unemployment rate was 5.494% of total labor force.
Dominica Republic's real gross domestic product (GDP) was around DOP 2242.67 billions in 2016 whereas the nominal GDP was DOP 3322.41 billions. This resulted in GDP deflator 148.145. Per capita GDP was estimated at USD 7159.50 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 16049.46.
In 2016, Dominican Republic's government's revenue was DOP 479.436 billions whereas the expenditure was DOP 584.517 billions. This resulted Dominican Republic's government's net lending / borrowing was negative at DOP 105.081 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Dominica Republic was estimated to be negative at USD 1.066 billions for the year 2016 and is expected to decline at a CAGR of 17.16% and reach USD 4.045 by 2022. This negative current account balance indicates the Dominica Republic is a net borrower to the whole world.
Scope of the Dominican Republic PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
– These reports provide information about key macroeconomic indicators for Dominican Republic.
– These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Dominican Republic.
– These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Dominican Republic.
– These reports provide risk analysis for Dominican Republic.
For more information and to purchase Dominican Republic PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-pestel-analysis-market-research-report
For more information and to purchase Dominican Republic SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-swot-analysis-market-research-report
For more information and to purchase Dominican Republic Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/dominican-republic-risk-analysis-market-research-report
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