The document provides economic indicators and trade statistics for the Dominican Republic from 2000 to 2010. It summarizes that the Dominican Republic has a population of 10 million and area of 48,072 square km. GDP grew steadily from 2000 to 2010, while inflation decreased from highs in the early 2000s. The current account balance was negative for most years. The United States was the top market for both Dominican exports and imports. Major exports included electrical equipment, plastics, and tobacco, while mineral fuels and plastics were among top imports. Travel was the leading service export and import.
WTO Report - The Future of Trade: The Challenges of Convergence
Dominican Republic -Trade Profile UWI's Shridath Ramphal Centre
1. Population: 10 million
DOMINICAN REPUBLIC Area: 48,072 sq km (18,696 sq miles)
MAIN ECONOMIC INDICATORS
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
GDP ($US, billions) 23.7 24.6 22.3 20.2 21.6 33.6 35.3 41.0 45.6 46.7 50.1
GDP (% change) 5.7 1.8 5.8 -0.3 1.3 9.3 10.7 8.5 5.3 3.5 3.5
GDP per capita ($US) 2,982 3,053 2,728 2,437 2,568 3,934 4,081 4,668 5,117 5,176 5,464
Current account balance ($US, billions) -1.01 -0.74 -0.71 1.03 1.04 -0.47 -1.28 -2.17 -4.51 -2.34 -3.06
Current account balance (% of GDP) -4.3 -3.0 -3.2 5.1 4.8 -1.4 -3.6 -5.3 -9.9 -5.0 -6.1
Inflation (% change) 7.7 8.9 5.2 27.5 51.5 4.2 7.6 6.1 10.6 1.5 6.5
Unemployment+ (%) 14 16 16 17 18 11 10 16 - - -
GDP (% change) Inflation (% change) GDP Current account balance
49.6 50.0
39.6 40.0
30.0
$US Billions
29.6
%
19.6 20.0
9.6 10.0
0.0
-0.4
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
-10.0
Source: IMF World Economic Outlook April 2010
+
Source: The World Bank - http://databank.worldbank.org
*Numbers in italics represent estimates
2. Population: 10 million
DOMINICAN REPUBLIC Area: 48,072 sq km (18,696 sq miles)
MAIN TRADE INDICATORS – GOODS
2006 2007 2008 2009
Trade Balance ($US thousands) -5,464,080 -7,656,050 -10,768,422 -7,361,175
Total Exported Value ($US thousands) 6,790,320 5,681,980 5,569,806 4,693,264
Total Imported Value ($US thousands) 12,254,400 13,338,030 16,338,228 12,054,439
Top 10 Markets by % of Total Exported Value (2009) Top 10 Markets by % of Total Imported Value (2009)
United States of America 62% United States of America 42%
Haiti 14% China 10%
Netherlands 2% Venezuela 5%
China 2% Mexico 4%
Spain 2% Colombia 4%
United Kingdom 2% Trinidad and Tobago 3%
Belgium 2% Brazil 2%
Japan 1% Spain 2%
Germany 1% Germany 2%
Jamaica 1% Costa Rica 2%
Top 5 Exports by % of Total Exported Value (2009) Vehicles Top 5 Imports by % of Total Imported Value (2009)
other than
Plastics and railway,
articles thereof, tramway, 5%
Optical, photo, Plastics and
7% Mineral fuels,
technical, articles thereof,
Tobacco and oils, distillation 6%
medical
manufactured products, 21%
apparatus, 14%
tobacco
substitutes, 7% Nuclear
reactors,
Electrical, Articles of boilers,
electronic apparel (not Electrical, machinery, 8%
equipment, knit or crochet), electronic
10% 8% equipment, 9%
Source: International Trade Centre – www.trademap.org
3. Population: 10 million
DOMINICAN REPUBLIC Area: 48,072 sq km (18,696 sq miles)
MAIN TRADE INDICATORS – SERVICES
2004 2005 2006 2007 2008
Trade Balance ($US thousands) 2,290,700 2,456,800 2,985,000 3,020,900 3,092,600
Total Exported Value ($US thousands) 3,503,870 3,935,000 4,567,200 4,794,100 4,938,600
Total Imported Value ($US thousands) 1,213,170 1,478,200 1,582,200 1,773,200 1,846,000
Top Exports by % of Total Exported Value (2008) Top Imports by % of Total Imported Value (2008)
Travel 85% Transportation 63%
Transportation 8% Travel 17%
Insurance services 6%
Communications services 3%
Government services 5%
Other business services 2%
Communications services 2%
Government services 1%
Other business services 2%
Insurance services 1%
Royalties & license fees 2%
Financial services 0.3% Financial services 2%
Computer & information services 0.3% Computer & information services 1%
Source: International Trade Centre – www.trademap.org