Invest in Dom Rep
Why invest
A place to invest - the Dominican Republic
A discerning set of questions always precedes the decision to invest. The answers to such questions form the basis for making any final decision. The Dominican Republic offers multiple investment opportunities due to a wide variety of factors that have increased its competitiveness, making it an ideal destination for doing business.
Tourism
Bank of America highlighted that the Dominican economy had maintained a favorable performance, mainly due to the country's dynamic tourist industry. The financial entity asserts that historically unprecedented levels of tourism are expected to bring in more than 7 million nonresident visitors in 2022.
Political popularity & stability
Since the beginning of the Luis Abinader government and especially with the start of his political pre-campaign in the health sector officials of PRM Party and citizens expressed their desire for re-election. Different movements and groups from the health care sector request Luis Abinader’s reappointment.
Credit rating
A credit rating at BB shows a stable outlook (S&P, Dec, 2022).
Robust growth performance
A GDP reaching in the first half of the year a 5.6% y/y growth and will continue in 2023.
Foreign direct investment
FDI increased by 21% in 2021, totaling 3.1 billion dollars, the highest level since 2017.
Strategic geographic location
The location in the very center of the Caribbean, has made the Dominican Republic a vital trade link between Europe, North America, and the rest of Latin America, offering preferential access to more than 1 billion consumers through free trade agreements with the United States and Central America, through DR-CAFTA, and with the European Union through the Economic Partnership Agreement (EPA).
Advanced infrastructure
Dominican Republic has the best transportation infrastructure in the Central America and Dominican Republic (CARD) region, highlighting the quality of its highways and efficiency of its ports and airports. The road network of Dominican Republic link practically all destinations in the country. It also has a modern, spacious, and efficient system of airports and ports. Likewise one main competitive advantage continues to be its advanced and reliable telecommunications infrastructure.
Cybersecurity
The Dominican Republic, on the other hand, received the highest score for its contribution to global cybersecurity. The National CSIRT, which is a signatory to the Convention on Cybercrime, was admitted as a full member of FIRST in 2020 and is the only country in the region to host a regional or international cybersecurity organization: The Latin American and Caribbean Cyber Competence Center.
Figures and facts show that for more than half a century the country has in every aspect been steadily growing and moving forward. Construction, tourism, remittances, private consumption, manufacturing, foreign direct investment (FDI), mining revenues, free-trade zones, and telecommunications have helped make the Domincan Republic to become the fastest-growing economy in Latin America and the Caribbean over the last decade, and as of 2019 the country was on track to realize its ambition of achieving high-income status by 2030.
The Dominican Republic is an island that stands out for the climate of political stability and social peace it enjoys, and for the warmth with which it opens its doors and heart to those who come to invest.
Below find a list of links with key economic data for the DR and LatAm:
https://tradingeconomics.com/dominican-republic/gdp-growth-annual#:~:text=GDP%20Annual%20Growth%20Rate%20in,Central%20Bank%20of%20Dominican%20Republic - Dominican Republic's economy expanded 4.2% year-on-year in the fourth quarter of 2023, up from a 2.6% growth in the previous three-month period. This was the strongest economic growth since the third quarter of 2022.
https://latinometrics.substack.com/p/softbanks-fund-the-drs-tourism-and - Press Freedom Diminished in most LatAm countries last year --- This article delves into the challenges facing press freedom in Mexico and Latin America, highlighting concerning trends such as attacks on journalists and government interference. Despite some improvements in press freedom perception in Mexico and Brazil, the overall decline in press freedom scores across the region underscores the urgent need for protections for journalists and news publishers to safeguard democracy.
https://www.reddit.com/user/latinometrics/?rdt=42483 - The article explores the significant presence of Latin American players in Major League Baseball (MLB), highlighting their lucrative contracts and the sport's cultural and historical significance in the region. It discusses how baseball has become a national sport in many Latin American countries and examines the deep ties between the MLB and Latin America, despite challenges and geopolitical complexities.
https://en.unav.edu/web/global-affairs/republica-dominicana-el-pais-latinoamericano-que-avanza-a-mas-velocidad - Dominican GDP is the fastest-growing country in the LatAm region in half a century; after the global pandemic crisis, it is poised to resume its upward trajectory
https://data.worldbank.org/country/dominican-republic - Social / Economic / Institutional Data of the Dominican Republic (from The World Bank)
https://www.worldbank.org/en/country/dominicanrepublic/overview - an overview of the Dominican Republic's economic growth trajectory over the past two decades, attributed to structural reforms and favorable external conditions. However, it also highlights challenges such as low productivity, climate change-related disasters, and market distortions, emphasizing the need for reforms to sustain inclusive growth, strengthen resilience to climate events, and address socio-economic disparities, including gender gaps and poverty.
https://www.imf.org/external/datamapper/profile/DOM - Dominican Republic ECONOMIC OUTLOOK - (APRIL 2024) Various Datasets / Indicators, 1980 - 2029 (GDP, Inflation, Population, Unemployment, Gross Debt, etc)
https://www.oecd-ilibrary.org/sites/4e8eb10b-en/index.html?itemId=/content/component/4e8eb10b-en - exploring the robust growth of the Dominican Republic's economy, highlighting its position as the fastest-growing in Latin America and the Caribbean since 2010, with significant contributions from investment and consumption. It delves into the structural transformation from manufacturing to services, particularly tourism, and discusses the economic implications of this shift, including the impact on employment and GDP. (Also examines the challenges and opportunities in the Free Trade Zone industry, the importance of tourism, and the need for a more sustainable and inclusive economic model.)
https://en.wikipedia.org/wiki/Economy_of_the_Dominican_Republic - a detailed analysis of the Dominican Republic's economy, which is the largest in the Caribbean and Central American region and one of the top in Latin America. It highlights the country's diverse economic sectors, including tourism, mining, manufacturing, and agriculture, emphasizing their contributions to growth and development. Furthermore, it discusses the Dominican Republic's trade relationships, particularly with the United States, and the impact of the Free Trade Zone industry, detailing both challenges and growth in exports over the years.
Energy related:
https://en.wikipedia.org/wiki/Economy_of_the_Dominican_Republic#Energy - discusses significant advancements and investments in the electricity sector of the Dominican Republic from 2010 to 2020, focusing on the diversification of energy sources away from petroleum towards more coal, natural gas, and renewables, which now constitute 93% of electricity generation. It highlights the improvements in reducing electricity losses and the ongoing challenges of infrastructure, illegal connections, and governance. The piece also touches on the economic aspects of these changes, including the profitability of renewables and natural gas, and the government's efforts to manage costs through subsidies and legislation.