Investor Presentaiton
Government & Growth
The Dominican government is a representative democracy. With the largest
economy in Central America and the Caribbean, the DR is known for its positive
attitude towards foreign investments and is focussed on continued economic
growth and strong relationships with the United States, Canada, and the rest of the
world. The DR is an upper middle income developing country.
DR is a member of the United Nations and participates in many of its specialized
and related agencies, including the World Bank, International Labor Organization,
International Atomic Energy Agency, and International Civil Aviation Organization.
The DR is on track to achieve its goal of becoming a high-income country by 2030,
and is expected to grow 79% in this decade.
According to the World Bank, The DR's real GDP grew by 4.9% in 2022. The hotels,
bar and restaurants sector grew by 24%. The government was very proactive
during Covid with a robust vaccination campaign, and investment in recovering
tourism lost during the pandemic. Expansionary fiscal policy also contributed to
growth.
Like any developing country there are challenges, economic growth has slowed in
to 4.4% in 2023. However, structural reforms to energy, water and public-private
partnerships, efforts to improve human capital and attract additional foreign
investment, are expected to sustain growth potential. Growth is projected to
accelerate to 5% after 2023.
For greater detail please visit the World Bank Page on the DR economy
DOMINICAN REPUBLIC INVESTORS GUIDE
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