Re: Dom Rep throws over Taiwan for China after $3-billion deal
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!
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.)
Beer is proof that God loves us and wants us to be happy.
- Benjamin Franklin
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