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The Dominican Republic is a sovereign state occupying the eastern five-eighths of the island of Hispaniola, in the Greater Antilles archipelago in the Caribbean region. The country has the ninth-largest economy in Latin America and is the largest economy in the Caribbean and Central American region.[1][2] Though long known for agriculture and mining, the economy is now dominated by services.[3] Over the last two decades, the Dominican Republic have been standing out as one of the fastest-growing economies in the Americas - with an average real GDP growth rate of 5.4% between 1992 and 2014.[4] GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere.[4] In the first half of 2016 the Dominican economy grew 7.4% continuing its trend of rapid economic growth.[5]
For further information on the types of business entities in this country and their abbreviations, see "Business entities in the Dominican Republic".
- ^ "CIA – The World Factbook – Rank Order – GDP (purchasing power parity)". Archived from the original on June 13, 2007. Retrieved February 27, 2009.
- ^ "Dominican Republic". www.worldbank.org. Retrieved 2016-04-28.
- ^ "CIA – The World Factbook – Dominican Republic". Central Intelligence Agency (CIA). Retrieved June 4, 2007.
- ^ a b "Dominican Republic Overview". World Bank. Retrieved 2016-04-29.
- ^ "Dominican economy grows 7.4% in first half, paced by construction". Dominican Today. Archived from the original on 26 August 2016. Retrieved 27 August 2016.
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