1. Jennifer Galván
Chelsea Wiik
Angelica Jean Baptiste
Devin Rae
TRVL 3010
Prof. Eldad Boker
CRN: 24230
Dominican Republic:
Importance of Tourism in Relation
to Economics

2. INTRODUCTION

3. This country has the ninth largest
economy in Latin America; it is
dependent on agriculture, trade
and services.
Dominican Republic’s economy
today is dominated by services.
Tourism accounts for more than
$1 billion in annual earnings.
The Dominican Republic is the second largest Caribbean nation, located on
the island of Hispaniola sharing territory on the island with Haiti.

4. Economy in the
Dominican
Republic
The Dominican Republic’s economy is becoming stronger
from its tourism sector, as the country’s economy was
previously funded largely by agricultural exports.
Corruption is a hindrance in the Dominican Republic’s
economy and drug trafficking is still a major issue.
The Dominican Republic’s GDP as of 2014 is $64.06 billion
USD and has grown 4.3% since 2013.
GDP Composition by sector of origin: Services at 61.9%,
Industry at 32.2%, and Agriculture at 5.8%.
One USD is equal to 42.5200 Dominican Pesos (DOP) and
it has decreased in value from 2011.

5. Economy &
Tourism
Last year alone Punta Cana received approximately
2.5 million visitors, most of them came from the
United States.
As of December of 2013, the country’s tourism
sector has increased by 6.3%, and it continues to
grow since.
The country’s hotels, bars, and restaurants has
increased by 8.5%, equaled to U.S$335 million.

6. First private airport in the whole world.
One of the most popular tourist destinations in the Caribbean.
Tourism in Punta Cana was pretty much non-existent before the 1980’s.

7. United States 39.9%
Canada 16.9%
France 5.4%
Germany 5.2%
Russia 4.5%
Spain 3.4%
Puerto Rico 2.6%
The National Hotel & Tourism
Association (ASONAHORES) reports
there are 716 hotels with a total of
67,792 hotel rooms in the Dominican
Republic as of December 2013.
United Kingdom 2.6%
Brazil 1.8%
Italy 2.2%
Venezuela 1.7%
Colombia 1.1%
Belgium 0.7%
The Netherlands 0.6%
In 2013, most tourists visiting the country by
air came from:

8. Inflation for March 2015
came in at 0.64%, (well
below the 4.0% ± 1%
target) which is the
lowest level since
October 2009, following
five consecutive months
of y-o-y disinflation.

9. CONCLUSION

10. The economy has gotten much stronger with the unemployment rate
decreasing, and the country’s population below the poverty line has
decreased as well. Punta Cana is now a well-known tourist destination,
which helps in the economic growth and it will tourism expansion it will
continue to grow into the future as a top destination in the Caribbean.

11. "Dominican Republic Economy." Economy:
Population, GDP, Inflation, Business,Trade, FDI,
Corruption. The Heritage Foundation, n.d. Web.
15 Dec. 2015.
“Economy: Dominican Republic.” The World
Factbook. Central Intelligence Agency, n.d. Web.
15 Dec. 2015.
"XE Currency Converter." XE: (USD/DOP) US
Dollar to Dominican Peso Rate. XE, n.d. Web.
15 Dec. 2015.
"The Dominican Republic's Tourism Revenues,
the Best in Latin America." Access Dominican
Republic. Access Dominican Republic, 9 July
2013. Web. 15 Dec. 2015.
Works Cited