On track for a recovery but structural weaknesses persist

B2

MEDIUM RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in July 2021.

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GDP USD88.941bn (World ranking 67 , World Bank 2019)
Population 10.73mn (World ranking 85, World Bank 2019)
Form of state Presidential republic
Head of government Luis Abinader (president)
Next elections 2024, Presidential and legislative (4-year term)
  • Resilient economic growth
  • Robust tourism sector
  • Good infrastructure network
  • Sound banking sector indicators
  • Free Trade Agreement with the US (CAFTA-DR)
  • Political stability
  • Weak rule of law
  • High levels of red tape and corruption
  • Persistent income inequality is a breeding ground for social unrest

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 54%
1
41% United States
Haiti 12%
2
13% China
Canada 8%
3
5% Mexico
India 7%
4
3% Brazil
Netherlands 2%
5
3% Spain

Trade structure by product

(% of total)

Exports Rank Imports
Gemstones & precious metals 20%
1
16% Mineral fuels
Optical and apparatus thereof 12%
2
8% Industrial machinery
Tobacco 9%
3
8% Electrical machinery
Electrical machinery 7%
4
7% Vehicles
Clothing 6%
5
7% Plastics
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East