Gross Domestic Product (GDP): Approximately US$60 billion in 2009, roughly
US$6,600 per capita.
Accounted for about 15 percent of GDP, employed some 35 percent of labor force, and
generated approximately half of all exports in 2004. Sugar traditionally the major crop,
although its importance declined steadily during 1970s and 1980s. Coffee, cacao, and
tobacco also produced for export. Exports of nontraditional agricultural products,
particularly pineapple and citrus fruit, expanded in the 1990s.
Manufacturing, mining, and construction combined to contribute over 57 percent of
GDP in 2006, Tourism profits make up the other 43 percent of the GDP.
These industries also employed almost 50 percent of labor force and accounted for
two-thirds of country's exports. Assembly manufacturing subsector achieved fastest
growth in the 1990s as a result of government expansion of Industrial Free Zones
throughout the country. Major mineral exports gold, silver, bauxite, and nickel, all of
which had low prices on world markets during the 1980s. Construction benefited
greatly from government public works projects and expansion of tourist industry.
Tourism leading service industry; replaced sugar as country's leading
foreign-exchange earner in 1999. Government supported development of tourist
industry, but economic shortcomings such as inadequate water and energy supply and
shortages of construction materials slowed expansion of facilities and adversely
affected service to visitors. Financial services contributed 7 percent to GDP in 1988;
transportation and communications accounted for additional 6 percent.
Dominican Republic peso (RD$), consisting of 100 centavos. Peso maintained on a
par with United States dollar until 1985, when it was allowed to float against dollar.
Value of peso plunged, reaching a low of US$1=RD$8 in mid-1988, but had rebounded
slightly to US$1=RD$6.35 by 1989. Today's exchange is based on the weekly rate.
Approximately US$60.3 million in 2004, highest level ever recorded. Oil imports
declined on a percentage basis from 1980 to 1987, but imports of intermediate goods,
consumer goods, and capital goods increased over same period, contributing to
negative trade balance.
Approximately US$1.8 billion in 2005