Attribute | Value |
---|---|
Geography | |
Area | 48,670 km² |
Continent | North America |
Land area | 48,320 km² |
Water area | 350 km² |
Land boundaries | 376 km |
Border countries |
|
Coastline | 1,288 km |
Mean elevation | 424 m |
Lowest point | -46 m |
Highest point | 3,098 m |
People | |
Population | 10,499,707 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Dominican Republic |
Short country name | The Dominican |
Long local name | Republica Dominicana |
Short local name | La Dominicana |
Former name | Add |
Government type | Presidential republic |
Capital | Santo Domingo |
Economy | |
GDP (PPP) | 173,000,000,000 USD |
GDP (OER) | 76,090,000,000 USD |
GDP (real growth rate) | 4.6 % |
GDP - per capita (PPP) | 17,000 USD |
Gross national saving | 21.6 % of GDP |
Labor force | 4,732,000 |
Unemployment rate | 5.1 % |
Population below poverty line | 30.5 % |
Budget revenues | 11,330,000,000 USD |
Budget expenditures | 13,620,000,000 USD |
Military expenditures | 0.74 % of GDP |
Taxes and other revenues | 14.9 % of GDP |
Budget surplus or deficit | -3 % of GDP |
Public debt | 37.2 % of GDP |
Inflation rate | 3.3 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | 13.91 % |
Stock of narrow money | 7,011,000,000 USD |
Stock of broad money | 7,011,000,000 USD |
Stock of domestic credit | 35,420,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -165,000,000 USD |
Exports | 10,120,000,000 USD |
Imports | 17,700,000,000 USD |
Reserves of foreign exchange and gold | 6,873,000,000 USD |
External debt | 29,160,000,000 USD |
National currency | Dominican pesos |
National currency (code) | DOP |
National currency (symbol) | RD$ |
National currency rate to USD | 47.42 |
The Taino - indigenous inhabitants of Hispaniola prior to the arrival of the Europeans - divided the island into five chiefdoms and territories. Christopher COLUMBUS explored and claimed the island on his first voyage in 1492; it became a springboard for Spanish conquest of the Caribbean and the American mainland. In 1697, Spain recognized French dominion over the western third of the island, which in 1804 became Haiti. The remainder of the island, by then known as Santo Domingo, sought to gain its own independence in 1821 but was conquered and ruled by the Haitians for 22 years; it finally attained independence as the Dominican Republic in 1844. In 1861, the Dominicans voluntarily returned to the Spanish Empire, but two years later they launched a war that restored independence in 1865. A legacy of unsettled, mostly non-representative rule followed, capped by the dictatorship of Rafael Leonidas TRUJILLO from 1930 to 1961. Juan BOSCH was elected president in 1962 but was deposed in a military coup in 1963. In 1965, the US led an intervention in the midst of a civil war sparked by an uprising to restore BOSCH. In 1966, Joaquin BALAGUER defeated BOSCH in the presidential election. BALAGUER maintained a tight grip on power for most of the next 30 years when international reaction to flawed elections forced him to curtail his term in 1996. Since then, regular competitive elections have been held in which opposition candidates have won the presidency. Former President Leonel FERNANDEZ Reyna (first term 1996-2000) won election to a new term in 2004 following a constitutional amendment allowing presidents to serve more than one term, and was later reelected to a second consecutive term. In 2012, Danilo MEDINA Sanchez became president; he was reelected in 2016.