By: Economic & Finance Report
Dominican Republic economic development is booming and the island/country has alot to be proud of in its economic accomplishments. Tourism has played a key factor in Dominican Republic’s emergence and dominance. The last couple years the island has seen a 7% percent increase in its GDP.
Dominican Republic’s GDP figures show an evasive increase in industries such as construction, tourism, hospitality, and banking. Revenue coming into Dominican Republic has topped $23 billion and much of that has to be accounted from foreign investors who are heavily pouring in capital to this progressive country.
Economic and financial hardships still plaque this diverse island, just like many other countries, such as economic and employment and less increases for wages for private employees and government employees, still Dominican Republic are making progresses by putting in place tools and structures to help everday dominicanos and dominicanas respectively. -SB