I. the ECONOMIC and TRADE ENVIRONMENT (1) Major Features
Dominican Republic W/TPR/S/11 Page 1 I. THE ECONOMIC AND TRADE ENVIRONMENT (1) Major Features of the Economy1 1. The Dominican Republic is located in the eastern half of the Caribbean island of Hispaniola (with Haiti on the western half). It has an area of 48,442 km2. In 1993, the population was around 7.5 million; population growth has declined to around 2 per cent in the 1990s from 2.7 per cent in the early 1970s. The urban population is increasing, amounting to 63 per cent of the total in 1993 (Table I.1). The Dominican Republic is endowed with different types of soil suitable for agriculture and is rich in minerals; its traditional production structure has been in agricultural goods such as sugar, coffee, cocoa, and tobacco and in the exploitation of minerals such as nickel, doré (a gold and silver alloy) and bauxite. The abundance of labour and the proximity to the United States have been important elements in the rapid growth of exports, mainly of clothing, from free zones (Chapter V(4)); furthermore, a buoyant tourist industry has developed around the many attractive beaches (Chapters V(5)). Table I.1 Major features of the Dominican Republic economy (1987 prices) 1970 1975 1980 1985 1990 1991 1992 1993 Population (thousands) 4,423 5,049 5,697 6,376 7,110 7,247 7,387 7,543 urban population (per cent) 40.0 45.3 50.5 55.7 60.4 61.2 62.1 62.9 Current GNP per capita (US$) 340 720 1160 760 890 1010 1170 1230 Labor force (thousands) 1,157 1,340 1,571 1,862 2,187 2,251 2,317 2,384 Female participation (per cent) 11.0 11.7 12.4 13.7 15.0 15.3 15.6 15.9 GDP at constant market prices GDP (US$ million) 2,184 3,345 4,240 4,588 5,493 5,545 5,975 6,151 Share in GDP Agriculture 27.6 20.9 20.0 20.3 16.0 16.5 16.2 15.8 Industry 23.7 29.2 28.4 26.2 24.6 23.5 24.6 24.2 Manufacturing 15.4 15.7 15.3 13.7 12.5 12.3 12.9 12.6 Services 48.6 49.9 51.6 53.5 59.4 60.1 59.2 60.0 School enrollment ratio Primary 100 104 118 126 ..
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