GDP in Dominican Republic averaged 1616 USD Billion from 1960 until 2014

Gdp in dominican republic averaged 1616 usd billion

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GDP in Dominican Republic averaged 16.16 USD Billion from 1960 until 2014, reaching an all-time high of 64.14 USD Billion in 2014 and a record low of 0.65 USD Billion in 1961. GDP in Dominican Republic is reported by the World Bank Group.6.3 % interest rates history2011 (7.5%), 2012 (11.3%), 2013 (5.1%), 2014 (9.4%)7. Credit and currency risks –Dominican Republic7.1 Analysis of currency fluctuations (vs. Canadian $) and inflationary environment over last few years, plus forecasts. The Official Currency of the Dominican Republic is the Peso, which fluctuates freely against the US Dollar and other foreign currencies. With its highly-developed “tourism” sector, there has been increasing foreign investor. Below table is the relationship between Canadian CAD with Dominican Republic’s currency Peso.
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12Like above graph, CAD, and Dominican Peso is relatively fluctuated. 7.2 Recommendations to firm about any precautions needed todeal with exchange, currency controls and inflation with that country Above chart clearly indicates inflation of Dominican Republic. Inflation is relatively higher than other countries except in 2015. Business person should notice that even though Dominican Republic has potential market (High crime rate, and developed tourism sector), economic condition is unstable.8 Size of the market –Dominican Republic
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138.1 Population of your area/country, including basic demographic breakdowns The population of Dominican Republic is 10.65 million. Male and female population is 50.2% and 49.8% respectively. Dominican Republic’s age structure is close to expanding type. Below diagram shows country’s age structure type.Under 1527.53%15~6465.24%Over 657.23%Ethnic groupsDominican Republic consists of 73% mixed race, 16% White European, and 11% Sub-Saharan African.
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1473%16%11%Ethnic groupsMixed raceWhite EuropeanSub-Saharan AfricanLanguagesDominican Republic’s official language is SpanishReligion. Majority of Dominican believe Roman Catholic (95%)Life expectancy & UrbanizationDominican Republic’s total life expectancy is 77.97 years (Male: 75.7Female: 80.28), and ranked as 63th in the world. When it comes to urbanization, 79% of total population is living urban area, and has 2.6% annual rate of change. 8.2 Population trendDominican Republic’s growth rate of population is getting lower and lower, and below table clearly shows status of population trend.YearsRate of Population Growth20111.33%20121.31%20131.28%
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1520141.25%20151.23%8.3 Income trendHousehold consumption expenditure per capita clearly shows income trend. It also includes market value of all goods and services, including durable products. Below table shows that Dominican Republic’s household consumption expenditure per capita according to years.Household consumption expenditure per capita in Dominican RepublicYearsHousehold consumption per capita (CAD)20115505 CAD20125506 CAD20135661 CAD20145788 CAD8.4 is it a good potential market for the corporation and its product?
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