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WHY SHOULD YOU INVEST IN THE DR?

Located right in the heart of the Caribbean, the Dominican Republic brings together the best of both worlds: the natural allure and cultural warmth of a tropical island mixed with the fast pace of a buoyant economy with superb connections to the US, Europe and the rest of Latin America.

 

Ideally Located

Cultural Warmth

Largest Economy

Robust Growth

 

This isn’t an understatement: the DR boasts the largest economy in the Caribbean region and in the past 20 years has been one of the fastest growing economies in Latin America, with sustained GPD growth —an average of five percent per year thanks in large part to the tourism, finance, telecommunications, free-zone and mining sectors— and political stability. The Economist’s Intelligence Unit estimates that inflation will remain under four percent annually in the foreseeable future, and that growth will remain robust and above five percent in the upcoming years.

With several international airports and more than 250 flights per day, major American and Latin American cities are a stone’s throw away. Thanks in part to the country’s superb transport and communication infrastructure, foreign direct investment is indeed growing in the country —a large proportion comes from the United States, Mexico, the Netherlands, Canada and Venezuela. Also, the public sector has undertaken several reforms aimed at reducing the time and paperwork needed for import and export operations, apart from improving shareholder rights and corporate transparency requirements. According to the World Bank Group’s Doing Business 2015 report, the Dominican Republic was one of the top entrepreneurship-oriented legislation reformers in Latin America.

In the past two decades, the country has diversified its exports and has signed trade agreements with the United States and Europe, which have boosted international commerce. International business is indeed booming in the country, and the repercussions are tangible in Santo Domingo, its capital and largest economic center: the real estate market is at an all-time high, with no signs of slowing down, as horizontal living is giving way to apartment buildings due to high housing demand. Along with a growing expat community, this activity has created pockets of high-end residential demand within the city’s center. As a matter of fact, 2014 data shows that new-home sales propelled the construction sector to 7.3 percent of the country’s GDP.

The luxury development niche is expanding at a rapid rate in Santo Domingo, and the average price of residential properties in the country is now estimated at US$2,078 per square meter. In other words: There has never been a better time to invest in one of the Caribbean’s most interesting and productive markets.

 
Data from World Bank

Here’s a quarter-by-quarter 2015 estimate sourced from the Central Bank; final yearly percentage pending http://www.tradingeconomics.com/dominican-republic/gdp-growth-annual


source: tradingeconomics.com


http://repositorio.cepal.org/bitstream/handle/11362/38214/S1500535_es.pd...

 

Latin America and the Caribbean: foreign direct investment income by country, 2001-2014

(Millions of dollars)

 2005200620072008200920102011201220132014
Dominican Republic1 1231 0851 6672 8702 1652 0242 2773 1421 9912 209

Source: United Nations Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures and estimates as at 18 May 2015.

 

Latin America and the Caribbean: FDI stocks by country, 2001-2014

(Millions of dollars)

In millions200120052011201220132014
Dominican Republic2 7528 86622 12925 14326 66029 035

Source: United Nations Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures and estimates as at 18 May 2015.

 

Latin America and the Caribbean: FDI stocks by country, 2001-2014

(As a proportion of GDP)

 200120052011201220132014
Dominican Republic11%25%38%42%44%45%

Source: United Nations Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures and estimates as at 18 May 2015.