Dominican Republic Economy  

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DOMINICAN REPUBLIC

Budget: Income .............. $2.3 Billion
Expenditure ... $2.9 Billion

Main Crops:
Sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs

Natural Resources: Nickel, bauxite, gold, silver .

Major Industries:
tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco

Economy (2002)
GDP: $21.6 billion.
Growth rate (2002): 4.1%.
Per capita GDP: $2,511.
Nonfuel minerals (1% of GDP): Nickel, gold, silver.
Agriculture (12% of GDP): Products--sugar, coffee, cocoa, bananas, tobacco, rice, plantains, beef, flowers.
Industry (31% of GDP): Types--sugar refining, pharmaceuticals, cement, light manufacturing, construction; services, including tourism and transportation--47% of GDP.
Trade: Exports ($5.2 billion (FOB), including processing zones: textiles, sugar, coffee, ferronickel, cacao, tobacco, meats and medical supplies. Markets--U.S. (80%), Canada, western Europe. Imports--$8.9 billion: food stuffs, petroleum, industrial raw materials, capital goods. Suppliers--U.S. (48%), Japan, Germany, Venezuela, Mexico.

NATIONAL GNP