How wealthy is Dominican Republic

Dominican Republic

As you should know, the Dominican Republic is on the island known as La Hispaniola. It is the largest country and shares the island with Haiti. With its tropical climate, the average temperature is 20 to 25 degrees, and you can swim safely in the Atlantic (north and east of the island) or in the Caribbean (south). The Dominican Republic represents about two thirds of the territory of the island and the Republic of Haiti, just over a third. Historically, the blood of the Dominican Republic has been greatly diluted by Spanish genes, but Haitians are darker since their descendants come from African slaves.

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The food crisis, the devastating earthquake of 2010, the almost completely deforested forests of Haiti, the epidemic and the precarious life are so difficult that they make the Dominican Republic a richer country than Haiti. Naturally, this can lead to a large number of refugees and illegal immigrants.

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According to 2016 data, around 10.5 million people live in the Dominican Republic, and the number of illegal immigrants coming from Haiti is estimated at more than 2 million. Most Dominicans are mulattos, how safe is the Dominican Republic in 2019.

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The Dominican Republic is divided into 31 states, and the capital of the country is Santo Domingo. There are about 2 million people living there. The philosophy of life in the Dominican Republic is to do everything slowly and completely. This lazy life can be shocking and uncomfortable for those who have habits. This is the entire Dominican Republic. “Prepare for 5 minutes” means that you must wait at least 30 minutes. This, in turn, is normal, even for a five-star hotel.

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How wealthy is Dominican Republic

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Speaking in economic terms, Dominican Republic is a paradise, but it is reserved for a few.

In the Dominican Republic, the main economic activities are concentrated in the construction, tourism and agriculture sectors. Another important income that Dominican receives is by remittances, in 2017 they reached 5,835 million dollars.

The Dominican Republic is the 69th economy by volume of GDP. Its public debt in 2017 was 27.505 million euros, with a debt of 40.82% of GDP. Its debt per capita is € 2,555 per capita. GDP.

The GDP per capita is a very good indicator of the standard of living and, in the case of the Dominican Republic, in 2017, it was € 6,258 euros, which occupies the 84th place in the table, therefore, its citizens have, according to this parameter, a very low standard of living in relation to the rest of the 196 countries in the GDP per capita ranking.

The national minimum wage is RD $ 15,447.60 and the annual inflation rate is 4.2%. Of the national population, it is estimated that 30.5% of the nation’s inhabitants live in poverty and 6.5% of the population lives in extreme poverty.

In the Dominican Republic there are approximately 3 million homes. More than one million homes are located in a risk zone and, of these, more than 800 thousand are not prepared to face any type of environmental catastrophe. More than half a million homes are overcrowded. 50% of households in the country have some difficulty in the quality of basic services or infrastructure.

The Dominican is a simple and very humble person, but at the same time, he is very intelligent and with a vision of life completely different from European life. Dominicans live day by day, most of them have no tendency to live an organized life and do not think about tomorrow.

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“Personal experience” about the Dominican Republic in “Gazeta.ru”

 

Do you know what I realized? In the Dominican Republic, there is no bleak face. We saw the picture of the day and suddenly we realized that all our photos were laughing. That is euphoria and euphoria daily, every minute! The most important thing is to rest in the Dominican Republic. By the way, the smile is not just the privilege of tourists. The service staff smiled and greeted. “Ora”

Good. I think his confusion about how rich is the Dominican Republic is now cleared up a little. If you have any questions you can ask in the comment box, I will answer as soon as possible.

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