Dominican Republic
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2004-2005 , pp 297-303
- Publication Date: December 2005
- DOI: https://doi.org/10.18356/fcb61154-en
- Language: English
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.
© United Nations
ISBN (PDF):
9789211555684
Book DOI:
https://doi.org/10.18356/ffa7a71a-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Dominica
;
Dominican Republic
-
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