Dominican Republic

Brittany Little

Overall Score: 61.0 World Rank: 86

Dominican Republic Quick Facts/United States

Population: 10.4 Million/ 316.4 Million

GDP: $103.2 Billion/ $16.8 Trillion

GDP Growth: 4.1%/ 1.9%

GDP Per Capita: $9,911/ $53,101

Unemployment: 15.0%/ 7.5%

Inflation: 4.8%/ 1.5%

Foreign Direct Investment: $2.0 Billion/ $187.5 Billion

Legal System

The foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner.

Competitive Markets

Competition promotes the efficient use of resources and provides a continuous stimulus for innovative improvements.

Limits on Government Regulation

Regulatory policies that reduce trade also retard economic progress.

An Efficient Capital Market

To realize its potential, a nation must have a mechanism that channels capital into wealth-creating projects.

Monetary Stability

A stable monetary policy is essential for the control of inflation, efficient allocation of investment, and achievement of economic stability.

Low Tax Rates

People will produce more when they are permitted to keep more of what they earn.

Free Trade

A nation progresses by selling goods and services that it can produce at a relatively low cost and buying those that would be costly to produce domestically.