The Dominican Republic

Authored by: Susan Pozo , Antonio María Giraldi

Handbook of Caribbean Economies

Print publication date:  November  2020
Online publication date:  November  2020

Print ISBN: 9780367210489
eBook ISBN: 9780429265105
Adobe ISBN:


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Over the past half century, the Dominican Republic’s economy has changed significantly with a 20 %age point decline in agriculture’s share of total output mirrored by a 20 %age point increase in the share of services output. Over that same period the country has managed to achieve overall growth in real per capita income of about 3.26% per annum. Despite this persistent growth, there are areas of concern that warrant consideration if the Dominican Republic is to continue along this path. These involve improvements in transparency, facilitation of research on the Dominican economy, continued efforts in investments in human capital, and working towards the inclusion of migrants and their descendants into the economy, whose exclusion simply reduces the resources the economy can work with.

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