Dom Rep throws over Taiwan for China after $3-billion deal

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Originally Posted by jose1234

Meanwhile back to the Dominican Republic...Economy is Excellent

Central banker Hector Valdez Albizu, on Wed. said the Dominican economy posted a “robust” growth of 6.4% in the first quarter.
He said the growth results from the economy’s sustained momentum and the central Bank’s “flexible” measures adopted in mid 2017.
He said Dominican Republic’s growth has led the Latin American region, “which in the cases of greater expansion don’t exceed 4 percent.”
Among the “robust sectors the official cited mining with 4.2%, local manufacturing 6.9%, construction 9.3%, retail 8.2%, services 5.3%, energy and water 6%, hotels, bars and restaurants 6.9%.
“In general terms, the main sectors of the economy have had very strong growth in this quarter and it’s in a certain way, as the Monetary Fund pointed out in its report, that they’re contemplating that the effect of economic liberation was going to be felt more strongly, with greater momentum during the year 2018,” Valdez said.

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So that's where all those old Sosua ho's wind up after their stomachs get flabby, their tits sag, and their hips can no longer shake and sway to the music like they once could.

Maybe they actually found real, honest to goodness, employment.

Bravo to the DomRep economy. Danillo for Life! :corky:

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Originally Posted by Mr. Smooth

So that's where all those old Sosua ho's wind up after their stomachs get flabby, their tits sag, and their hips can no longer shake and sway to the music like they once could.

Maybe they actually found real, honest to goodness, employment.

Bravo to the DomRep economy. Danillo for Life! :corky:

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The GDP is bolstered by new debt and the country's GDP is 62% tourism dependent. One sneeze and the whole economy washes away into the Caribbean.

With 42% of its population living under the poverty level, all that "growth" is just a parlor game using numbers.

Like numbers? The CIA World Fact Book is full of them:

• 
  GDP (purchasing power parity):
  $172.6 billion (2017 est.)
  $164.7 billion (2016 est.)
  $154.5 billion (2015 est.)
  note: data are in 2017 dollars
  country comparison to the world: 73
  GDP (official exchange rate):
  $74.87 billion (2017 est.)
  GDP - real growth rate:
  4.8% (2017 est.)
  6.6% (2016 est.)
  7% (2015 est.)
  country comparison to the world: 45
  GDP - per capita (PPP):
  $17,000 (2017 est.)
  $16,400 (2016 est.)
  $15,500 (2015 est.)
  note: data are in 2017 dollars
  country comparison to the world: 104
  GDP - composition, by end use:
  household consumption: 69.8%
  government consumption: 10.9%
  investment in fixed capital: 23.3%
  investment in inventories: 0.6%
  exports of goods and services: 25.8%
  imports of goods and services: -30.4% (2017 est.)
  GDP - composition, by sector of origin:
  agriculture: 5.5%
  industry: 33.8%
  services: 60.8% (2017 est.)
  Agriculture - products:
  cocoa, tobacco, sugarcane, coffee, cotton, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs
  Industries:
  tourism, sugar processing, gold mining, textiles, cement, tobacco, electrical components, medical devices
  Industrial production growth rate:
  6% (2017 est.)
  country comparison to the world: 34
  Labor force:
  4.732 million (2017 est.)
  country comparison to the world: 86
  Labor force - by occupation:
  agriculture: 14.4%
  industry: 20.8%
  services: 64.7% (2014 est.)
  Unemployment rate:
  5.5% (2017 est.)
  5.5% (2016 est.)
  country comparison to the world: 77
  Population below poverty line:
  30.5% (2016 est.)
  Household income or consumption by percentage share:
  lowest 10%: 1.9%
  highest 10%: 37.4% (2013 est.)
  Distribution of family income - Gini index:
  47.1 (2013 est.)
  45.7 (2012 est.)
  country comparison to the world: 26
  Budget:
  revenues: $11.18 billion
  expenditures: $12.77 billion (2017 est.)
  Taxes and other revenues:
  14.9% of GDP (2017 est.)
  country comparison to the world: 191
  Budget surplus (+) or deficit (-):
  -2.1% of GDP (2017 est.)
  country comparison to the world: 89
  Public debt:
  47.1% of GDP (2017 est.)
  47.4% of GDP (2016 est.)
  country comparison to the world: 110
  Fiscal year:
  calendar year
  Inflation rate (consumer prices):
  3% (2017 est.)
  1.6% (2016 est.)
  country comparison to the world: 128
  Commercial bank prime lending rate:
  14.6% (31 December 2017 est.)
  15.08% (31 December 2016 est.)
  country comparison to the world: 47
  Stock of narrow money:
  $6.921 billion (31 December 2017 est.)
  $6.491 billion (31 December 2016 est.)
  country comparison to the world: 91
  Stock of broad money:
  $21.44 billion (31 December 2017 est.)
  $19.81 billion (31 December 2016 est.)
  country comparison to the world: 88
  Stock of domestic credit:
  $35.64 billion (31 December 2017 est.)
  $33.6 billion (31 December 2016 est.)
  country comparison to the world: 74
  Market value of publicly traded shares:
  $NA
  Current account balance:
  $-1.192 billion (2017 est.)
  $-1.066 billion (2016 est.)
  country comparison to the world: 138
  Exports:
  $10.33 billion (2017 est.)
  $9.86 billion (2016 est.)
  country comparison to the world: 90
  Exports - commodities:
  gold, silver, cocoa, sugar, coffee, tobacco, meats, consumer goods
  Exports - partners:
  US 47.3%, Haiti 12%, Canada 7.8%, India 6.2% (2016)
  Imports:
  $19 billion (2017 est.)
  $17.48 billion (2016 est.)
  country comparison to the world: 76
  Imports - commodities:
  petroleum, foodstuffs, cotton and fabrics, chemicals and pharmaceuticals
  Imports - partners:
  US 40.4%, China 12.5%, Mexico 5.2% (2016)
  Reserves of foreign exchange and gold:
  $6.233 billion (31 December 2017 est.)
  $6.134 billion (31 December 2016 est.)
  country comparison to the world: 88
  Debt - external:
  $29.69 billion (31 December 2017 est.)
  $27.7 billion (31 December 2016 est.)
  country comparison to the world: 81
  Stock of direct foreign investment - at home:
  $35.93 billion (31 December 2017 est.)
  $33.56 billion (31 December 2016 est.)
  country comparison to the world: 66
  Stock of direct foreign investment - abroad:
  $487.8 million (31 December 2017 est.)
  $387.8 million (31 December 2016 est.)
  country comparison to the world: 92
  Exchange rates:
  Dominican pesos (DOP) per US dollar -
  47.42 (2017 est.)
  46.08 (2016 est.)
  46.08 (2015 est.)
  45.05 (2014 est.)
  43.56 (2013 est.)