Dominican Republic - Income



The US Central Intelligence Agency (CIA) reports that in 2001 the Dominican Republic's gross domestic product (GDP) was estimated at $50 billion. The per capita GDP was estimated at $5,800. The annual growth rate of GDP was estimated at 1.5%. The average inflation rate in 2001 was 5%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 11% of GDP, industry 34%, and services 55%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $1.689 billion or about $202 per capita and accounted for approximately 6.8% of GDP. Worker remittances in 2001 totaled $1.808 billion. Foreign aid receipts amounted to about $12 per capita and accounted for approximately 1% of the gross national income (GNI).

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $1,611. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 2%. It was estimated that about 25% of the population had incomes below the poverty line.

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Mar 10, 2010 @ 10:10 am
i would like to hear more about Dominican republic and their women
Report this comment as inappropriate
Mar 10, 2010 @ 10:10 am
i would like to hear more about Dominican republic and their women

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