Dominican Republic

The improvement in the terms of trade represented the outstanding economic feature of the Dominican Republic in 1954. Although adverse factors tended to offset this favourable trend, to a certain degree its effects were transferred to the domestic economy, particularly to agricul, ture, industry, and the balance-of-payments situation. The maintenance in 1954 of the high level of domestic activity which had prevailed in 1953, primarily arose from high export prices which caused a recovery of 17.5 per cent in the terms of trade.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions