According to the International Monetary Fund (IMF), in 2000 the GDP (Gross Domestic Product) of the Dominican Republic was US$ 23.66 billion, while the United States’s GDP was US$ 10,289.73 billion. The U.S. economy that year was 435 times bigger than that of the Dominican Republic. However, by 2013, the GDP of the Dominican Republic reached US$ 60.77 billion, while the U.S. grew to US$ 16,799.7 billion, indicating that in real terms, the United States is now 275 times the size of the Dominican economy. This reflects the strong economic growth experienced by the Dominican Republic in the last decade, which has been much higher than the larger developed countries like the United States, and other developing countries (PVD).
Posted on: Thu, 15 May 2014 14:02:37 +0000
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