Dominicans In America

Dominican Republic, also known as La Republica Dominicana, is a small island of 18,816 square miles, located near the coast of Florida. The Dominican Republic of this land shares their islands with Haitians. The island has subtropical climate, mountains, hilly areas and fertile valleys. The economy is dominated by sugar and has established various light industries and developments in nickel, mining and tourism but still accounts for the majority of domestic foreign currency.

The fact of the Dominican Republic shows that the Dominican Republic has the ninth largest economy in Latin America, the largest economy in the Caribbean and Central America. The Dominican Republic was known for agriculture and mining, but the service industry is now a major part of the economy. The economic progress of this small country in the Caribbean is largely due to its advanced telecommunications system and excellent transportation infrastructure, but there are still many problems that impede that economy, high unemployment, corruption and power problems.

The Dominican Republic is the ninth largest economy in Latin America and the largest economy in the Caribbean and central regions. It is a middle-income developing country mainly dependent on mining, agriculture, trade and services. Agriculture is still ranked in the mining sector although the service industry has recently replaced agriculture as the main employer of the Dominican Republic (mainly due to tourism and free trade area growth), but the most important for domestic consumption It is a sector. 2nd place (only after mining) Export income Annual income of tourism industry exceeds 1 billion US dollars. Revenue and tourism in the free trade zone is the fastest growing export sector. According to the report of the International Monetary Fund in 1999, remittance from Dominican Americans is estimated at around $ 1.5 billion per year. Most of these funds are used to satisfy basic home needs such as housing, food, clothing, medical care and education.