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    Rep�blica Dominicana Econom�a 2000

      Econom�a - descripci�n: In December 1996, incoming President FERNANDEZ presented a bold reform package for this Caribbean economy - including the devaluation of the peso, income tax cuts, a 50% increase in sales taxes, reduced import tariffs, and increased gasoline prices - in an attempt to create a market-oriented economy that can compete internationally. Even though most reforms are stalled in the legislature - including the intellectual property rights bill, social security reform, and a new electricity law first submitted in 1993 - the economy has grown vigorously under FERNANDEZ's administration. Construction, tourism and telecommunications are leading the advance. The government is working to increase electric generating capacity, a key to continued economic growth; the state electricity company was finally privatized following numerous delays. The continuation of this vigorous growth in 2000 will depend on the policies adopted by the new administration.

      Producto Bruto Interno (PBI): purchasing power parity - $43.7 billion (1999 est.)

      PBI - Indice de Incremento real: 8.3% (1999 est.)

      PBI - por capital: purchasing power parity - $5,400 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 13.6%
      industry: 30.8%
      services: 55.6% (1998 est.)

      Poblaci�n bajo linea de pobertad: 25% (1999 est.)

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 1.6%
      highest 10%: 39.6% (1989)

      Indice de Inflaci�n (precios del consumidor): 5.1% (1999)

      Fuerza Laboral: 2.3 million to 2.6 million

      Fuerza Laboral - por ocupaci�n: services and government 58.7%, industry 24.3%, agriculture 17% (1998 est.)

      Indice de desempleo: 13.8% (1999 est.)

      Presupuesto:
      revenues: $2.3 billion
      expenditures: $2.9 billion, including capital expenditures of $867 million (1999 est.)

      Industrias: tourism, sugar processing, ferronickel and gold mining, textiles, cement, tobacco

      Industrial production growth rate: 6.3% (1995 est.)

      Electricidad - Producci�n: 8.476 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 72.04%
      hydro: 27.62%
      nuclear: 0%
      other: 0.34% (1998)

      Electricidad - consumci�n: 7.883 billion kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, dairy products, beef, eggs

      Exportaciones: $5.1 billion (f.o.b., 1999)

      Exporationes - comodidades: ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats

      Exportaciones - socios: US 61.6%, Belgium 11.1%, Asia 5.9%, Canada 2.9% (1998 est.)

      Importaciones: $8.2 billion (f.o.b., 1999)

      Importaciones - comodidades: foodstuffs, petroleum, cotton and fabrics, chemicals and pharmaceuticals

      Importaciones - socios: US 56%, Venezuela 23%, Mexico 9%, Japan 4% (1999 est.)

      Deuda - externa: $3.7 billion (1999 est.)

      Ayuda economica - recipiente: $239.6 million (1995)

      Moneda: 1 Dominican peso (RD$) = 100 centavos

      Indice de intercambio: Dominican pesos (RD$) per US$1 - 16.161 (January 2000), 16.033 (1999), 15.267 (1998), 14.265 (1997), 13.775 (1996), 13.597 (1995)

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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