The Dominican Republic is ranked third lowest in Latin America in terms of social spending Dominican Republic economy depends on exports such as sugar, coffee, and tobacco. Recently Dominican Republic has overtaken agriculture as the economy largest employer, due to growth in telecommunication, tourism, and free trade zones. Their economy is highly dependent upon the US, the destination for nearly 60% of the exports.
Dominican Republic is located between the Caribbean Sea and the North Atlantic Ocean. It shares an island with Haiti. The Dominican Republic has been an independent nation since February 27, 1844. The Dominican Republic is a democratic republic. The current president is Leonel Fernandez. The island consists of 31 provinces. The population is currently 9.9 million. The median age is 26. The official language is Spanish. Ninety-five of the population is Roman Catholic.
The Dominican Republic is ranked third lowest in Latin America in terms of social spending Dominican Republic economy depends on exports such as sugar, coffee, and tobacco. Recently Dominican Republic has overtaken agriculture as the economy largest employer, due to growth in telecommunication, tourism, and free trade zones. Their economy is highly dependent upon the US, the destination for nearly 60% of the exports.
Information provided by The CIA World Factbook
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