Dominica
Desafíos en materia de desarrollo productivo en el espacio rural de centroamérica y la república dominicana
El espacio rural es multisectorial y dinámico y enfrenta desafíos particulares en materia de desarrollo productivo. En los países en desarrollo los retos son mayores y debido a la cantidad de población rural así como a las brechas sociales y económicas entre lo rural y lo urbano su atención adquiere un carácter inclusivo. En los últimos años el espacio rural ha sufrido transformaciones significativas que obligan a repensar las estrategias de desarrollo.
Dominica
Reply to the United Nations national accounts questionnaire from the Ministry of Finance Trade and Industry Roseau.
Dominican Republic
In 1993 the Dominican Republic made solid progress with price stabilization but the pace of economic growth declined to 2% from the previous year’s figure of 7%. Slower growth in private expenditure resulted in a reduction in purchases from abroad while exports continued their rapid ascent; this combination helped to narrow the gap on the balance-of-payments current account. Since the flow of external capital remained strong international reserves continued to accumulate. The thrust of fiscal policy was to offset the slowing of private demand by increasing fiscal expenditure while taking care not to upset the overall balance of public sector accounts.
Dominican Republic
In 2003 the economy of the Dominican Republic was affected by the banking crisis that broke out in the second quarter of the year requiring a financial bail-out that cost the equivalent of 20% of GDP. This crisis resulted in a drop of 0.4% in productive activity and in severe macroeconomic imbalances including an abrupt currency devaluation (74%) a considerable increase in inflation (which went as high as 42.7%) a large deficit (4%) in the non-financial public sector and a quasi-fiscal Central Bank deficit of 2.5% of GDP.
Dominican Republic
The economy of the Dominican Republic grew by 2% in 2004 which reversed the contraction of 1.9% in 2003 and exceeded expectations formed early in the year. The export sector turned in a positive although moderate performance as tourist arrivals and exports of local goods increased while free zone activity was virtually stagnant. Family remittances also grew (6.8%) reaching the equivalent of 12% of GDP. Domestic demand in contrast continued to suffer the consequences of the banking crisis in 2003. Consumption edged up gradually and investment slipped back for the second year running.