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FY 1999: Dominican Republic |
X. APPENDICES - ECONOMIC AND TRADE STATISTICS[end of document]APPENDIX A - Country Data 1) Population: 8.0 million 2) Population Growth Rate: 2.3 percent 3) Religion: Predominantly Catholic 4) Government System: Representative Democracy 5) Language: Spanish. English is widely spoken in the business community. 6) Work Week: Government: Monday-Friday, 7:30 am - 2:30 pm Private Sector: Monday-Friday, 8:00 am - 5:00 pm
APPENDIX B. DOMESTIC ECONOMY 1996 1997 1998(e) 1) GDP 13.5 bn 15.0 bn n/a 2) GDP Growth Rate 7.3% 8.2% 7.1% 3) GDP per Capita 1,687 882 n/a 4) Government Spending as a percent of GDP 15.2% 16.7% 16.1% 5) Inflation 3.95% 8.4% 8.0% 6) Unemployment 16.4% 15.9% n/a 7) Foreign Exchange Reserves 512 mn 555.5 mn 522.1 (p) 8) Average Exchange Rate for US$ 1.00 12.87 14.02 15.33 9) Debt Service Ratio 3% 5% n/a 10) U.S. Economic Military/ Economic Assistance 3.3 mn 13.3 mn n/a Central Bank of the Dominican Republic Statistics as of December 31, 1996. Monetary Amounts in US$
APPENDIX C. TRADE (in US$ Millions) 1996 1997 1998(e) 1) Total Country Exports(1) 933.0 996.9 n/a 2) Total Country Imports(1) 3561.4 4134.4 n/a 3) U.S. Exports to DR(2) 3183.8 3928.2 4517.4 4) U.S. Imports from DR(2) 3574.9 4329.9 4978.3 (1) Central Bank of the Dominican Republic statistics. These statistics do not include free trade zone operations. (2) U.S. Department of Commerce statistics include free trade zone operations. Estimates based on extrapolations from previous period of similar growth.
APPENDIX D. INVESTMENT STATISTICS Cumulative as of September 1997 (US$ Millions) (Source: Quarterly Bulletin, Central Bank of the Dominican Republic) Transportation, Communication & Warehouse 370.2 Finance, Insurance, Real Estate, Trade Services & Tourism 147.4 Food Products 117.1 Chemical Products 130.6 Commerce 48.3 Metal Industry (Equipment & Machinery) 22.1 Mining 21.3 Beverage and Tobacco 53.3 Textiles and Apparel 3.5 Other Services 61.4 Total 975.2 Foreign Investment by Country of Origin Cumulative as of 1997 (US$ million) United States of America 261.17 Canada 423.71 Great Britain 52.54 Holland 21.81 Panama 22.80 Spain 19.09 Switzerland 11.39 Italy 6.39 France 5.80 Germany 4.50 Others 92.18 Total 921.37 Although these figures reflect Central Bank data, we believe they underestimate actual market value of all foreign investment. In fact, data on the Dominican Republic from U.S. Department of Commerce, Bureau of Economic Analysis, survey of U.S. direct investment positions abroad (historical cost basis) shows: $1,274 million in 1995, up from $1,191 million in 1994; $1,039 million in 1993; and $779 million in 1992.Note* International Copyright, United States Government, 1998 (or other year of first publication). All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title17, United States Code.