Countries The Dominican Republic

Countries

The Dominican Republic

People's Daily app

20:04, July 02, 2019

The Dominican Republic is located on the eastern part of the island of Hispaniola in the Greater Antilles in the Caribbean Sea. The northern and eastern regions have a tropical rainforest climate, and the southwestern part has a savanna climate.


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A view of the old town in Santo Domingo, capital of the Dominican Republic (Photos: VCG)

 

Facts

Area: 48,734 square kilometers

Population: 10.8 million (2017)

Official language: Spanish

Capital: Santo Domingo

National Day: February 27

Currency: Peso

 

Economy

Tourism, export processing and overseas remittance are the main pillars of the economy. The GDP in 2017 was $74.87 billion.

The Dominican Republic mainly exports sucrose, cocoa, coffee, tobacco, clothing, gold, silver, nickel-iron alloy, etc., and imports petroleum, fuel, food, electromechanical products and chemical raw materials. Its main trading partners include the United States, the European Union, Japan, Venezuela, and Mexico. In 2017, the import value was $18.016 billion, and the export value was $8.831 billion.

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A view of Santo Domingo, capital of the Dominican Republic

Key economic figures in 2017:

Growth rate of GDP: 4.6 percent

Inflation rate: 4.2 percent

Unemployment rate: 5.5 percent

 

Politics

Head of state: President Danilo Medina

Danilo Medina was elected as president in May 2012 and re-elected in May 2016. He was inaugurated on August 16, 2016 for a four-year term.  

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President of the Dominican Republic Danilo Medina speaks at the opening ceremony for the first China International Import Expo (CIIE) in Shanghai, China November 5, 2018. 

According to the Constitution promulgated in November 1966, the Dominican Republic adopted the presidential system. The president is the head of state, the head of government and the supreme commander of the armed forces. The Senate has 32 seats and the Chamber of Deputies has 190 seats. The current congress was established in August 2016. The current government was established in August 2016 and serves for a four-year term.

 

Bilateral relations between China and the Dominican Republic

China and the Dominican Republic signed a joint communiqué in Beijing on May 1, 2018, on the establishment of diplomatic relations. In November 2018, Dominican President Danilo Medina paid a state visit to China and attended the first China International Import Expo.

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The Dominican Republic's exhibition booth at the first CIIE in Shanghai, China. 

According to statistics from China, the trade volume between the two countries in 2017 was $1.871 billion, among which China's exports to the Dominican Republic were $1.703 billion and China’s imports from the Dominican Republic were $168 million, increasing 10.3 percent, 8.7 percent and 29.2 percent respectively from previous year. China mainly exported alloy materials, chemical products, motorcycle parts, communication equipment and food and imported copper mines and medical equipment.


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