NewsWhore
03-03-2008, 01:30 PM
Over 50% of the Dominican economy is now related to the service sector. The areas of finance, communications and commerce dominate the statistics, showing the largest growth rate in relation to the Gross Domestic Product (GDP). However, the areas of growth are not areas that have generated a large number of jobs, and some analysts are saying that the growth in the GDP does not reflect a better quality of life for the people. The preliminary report on the "Dominican Economy January-December 2007" produced by the Dominican Republic Central Bank, shows that the area of largest growth (25.6%) was in financial services, insurance and related areas. Next came telecommunications and commerce. Taxes marked a major item in the report, with a 28.3% increase. The report also shows that in the manufacturing and agricultural sectors where most jobs are, things were not so good. Farm production grew by just 1.2% and local manufacturing grew by only 4.8%, but the real bad news was that the industrial free zones saw a 10% drop.
More... (http://www.dr1.com/index.html#6)
More... (http://www.dr1.com/index.html#6)