DOMINICAN REPUBLIC

Boosting attractiveness will be key to counter the slowdown

B1

LOW RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD85.555bn (World ranking 67 , World Bank 2018)
Population 10.62mn (World ranking 85, World Bank 2018)
Form of state Presidential republic
Head of government Danilo Medina Sánchez (president, center), since 2012
Next elections 17 May 2020, 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

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Country Risk Analyst:

Alberto González de Aledo Pérez

alberto.gonzalez@eulerhermes.com

Laura Mesbahi      

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