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The Dominican Republic is One of the BEST Performing ECONOMIES in the WORLD now!!
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- Опубліковано 14 сер 2024
- WhatsApp KASH NOW 5195671785
#LOVEWHEREYOULIVE
#The Dominican Republic: One of the Fastest-Growing Economies in the World
Today, the Dominican Republic continues to make headlines with its impressive economic growth. According to recent reports from the Central Bank of the Dominican Republic (BCRD), the country's economy experienced a significant year-on-year expansion of 7.8% in April 2024. This growth is the highest recorded in the past 28 months and highlights the effectiveness of the liquidity expansion program and favorable monetary conditions implemented by the BCRD. These measures have facilitated increased loans to productive sectors and households, contributing significantly to the economic dynamism.
The International Monetary Fund (IMF) has also revised its growth estimate for the Dominican Republic, projecting a 5.4% increase for 2024, up from the previous estimate of 5.2%. This positions the Dominican Republic as one of the fastest-growing economies not just in Latin America, but globally.
Global Economic Comparison
To put this into perspective, let's compare the GDP growth rates of various countries in 2024:
- **Dominican Republic**: 5.4%
- **India**: 6.5%
- **China**: 5.2%
- **USA**: 2.2%
- **Germany**: 1.5%
- **Brazil**: 1.9%
- **Japan**: 1.0%
- **UK**: 1.7%
As illustrated in the chart, the Dominican Republic's growth rate is among the highest globally, surpassing major economies like the USA, Germany, and Japan. This robust performance is supported by various factors, including favorable monetary policies, increased private credit, and significant government capital expenditures.
Positive Outlook
The Ministry of Economy, Planning, and Development has highlighted the positive outlook for the country's economic dynamics, emphasizing the impact of manufacturing improvements and policy rate reductions on economic activity. With controlled inflation, a stable exchange market, and a growing external sector, the Dominican Republic is well-positioned to maintain its economic momentum.
In conclusion, the Dominican Republic's impressive economic growth and favorable projections make it one of the fastest-growing economies in the world. This robust performance reflects the country's strong macroeconomic fundamentals and effective policy measures, setting a positive trajectory for the future.
I pick this country for a reason after examining so many other options. If you are looking for a new plan for your family and your money please reach out and I will assist in getting you situated here in the DR
HTTPS://WWW.REALESTATE...
God bless the dominican republic
🇩🇴DR is on Top📊
The growth is so great that in the next few years 4 metro lines are being inaugurated and are being built (Santiago Monorail, Metropolitan Train, Tram, extension of lines 1 and 2)
Bingo guys. Exactly what I am referring too. The people that don't want to believe don't have to...it's happening with or without them. This is going to be an economic boom that even I am probably not forecasting ...
Wao, that's good
Dominican Republic is an economic power house. Yes that small nation has a robust economy. Folks don't know how big and strong the DR economy is. Sure it has its problem but it's a developing country.
those numbers are based on what?
@@BenDauk foreign direct investment, increase in tax revenue, purchasing power, etc
@@BenDauk drug dealing, money laundering, human trafficking, electronic scamming gringos banks accounts, and yes gringos that overpay for everything....that about sums it up....Wow what a power house, they underpay their workers, 200 to 400 a month for non skilled work....a real criminal powerhouse.... and you see people driving expensive vehicles , paying expensive gasoline prices......like a months Dominican salary for those SUVs and they do not work.......
I do not understand how the gringos do not notice that, what are they doing to make that type of money, and how is the DR a powerhouse, they only got tourism, remittances and the women... What is their major export to make money......
You said it perfect.
By 2030 it’ll become a high-income nation in GDP per capita terms. But to become a fully developed nation it’ll take more time, I’d say by 2045 or so (if the gov’t implements all the right policies).
Yeahhhhhhh🎉🎉🎉
Very true. That’ll take a lot of work. Also, DR should look for other things to improve their economy and not only depends on tourism.
Any progress have to be alongside with the salary because it doesn't mean anything if the people that live in this country don't see all they needs cover in the salary haia lot to do with that I also as Dominican want to see that our people stop immigrate to others countries because that is one of the factors that we have to see as a sign that we are in the right path to be a develope country other thing that our country needs to do is try to build a stronger and effective justice system to stop any future government continue like other government in the past corrupt the entire state we don't going anywhere if we can't no do all this things justice salary corruption
@@bighomieflee3945 The government is already doing that. That’s why they’re investing in logistics and developing a semiconductor industry. They’re also working to boost exports and manufacturing.
@@LuisPerez-ny9hz That is why Abinader wants to do a fiscal reform, to improve salaries, create more jobs and reduce the wealth gap. Also reforming the police, reducing bureaucracy, and improving the judicial system are part of the national development plan.
Hey Kash
I just returned from my trip to las terrenas saw that the vibe there is really positive the economy seems so different from the US. I saw your billboards all over the place.
Not many people know that DR realstate is up only as it is not a speculative market .
Shout out to
Steve from the bitcoin shop las terrenas ❤
Yes thanks my friend! Totally people just don't know. Shout out to Steve my man :)
❤🇩🇴🇩🇴🇩🇴🇩🇴❤
Thanks for sharing, Shout-out from Santiago 🙏
Thanks for watching!
Ok, I understand that, but why so much misery.
Poverty does not mean misery. People are happy. Poor but happy. There is no country in the world that doesn't have poverty. Some area of Canada look like war zones. Ppl sleeping in tents. No homes. The important thing is the DR is moving in right direction. That's key.
The Dominican Republic has been experiencing significant progress in moving out of poverty due to several key factors:
1. **Economic Growth**: The country has enjoyed robust economic growth over the past decades, driven by sectors such as tourism, manufacturing, and services. This growth has led to increased job opportunities and higher incomes for many Dominicans.
2. **Foreign Direct Investment (FDI)**: There has been a substantial inflow of foreign direct investment, particularly in tourism, real estate, and manufacturing sectors. This investment has boosted economic development and created numerous employment opportunities.
3. **Tourism Industry**: The Dominican Republic is a popular tourist destination, attracting millions of visitors each year. Tourism has become a major source of revenue and employment, contributing significantly to the country's GDP.
4. **Government Policies**: The government has implemented various policies aimed at reducing poverty, such as social protection programs, education reforms, and healthcare improvements. These policies have helped improve living standards and provide support to vulnerable populations.
5. **Infrastructure Development**: Investment in infrastructure, including roads, airports, and ports, has facilitated economic activities and improved connectivity within the country. Better infrastructure supports business growth and attracts more investment.
6. **Education and Training**: There has been a focus on improving education and vocational training, which has enhanced the skills and employability of the workforce. A better-educated population is crucial for economic development and poverty reduction.
7. **Microfinance and Small Enterprises**: Access to microfinance and support for small and medium-sized enterprises (SMEs) has enabled many individuals to start their businesses, leading to income generation and poverty alleviation.
8. **Remittances**: Remittances from Dominicans living abroad have provided a significant source of income for many households, helping to improve their living standards and reduce poverty.
9. **Health Improvements**: Better healthcare services and programs aimed at improving public health have reduced disease prevalence and increased life expectancy, contributing to overall well-being and productivity.
10. **International Aid and Partnerships**: International aid and partnerships with organizations such as the World Bank and the International Monetary Fund have supported various development projects, providing financial assistance and expertise to drive economic growth And reduce poverty.
Reach out whatsapp me if any q's
5195671785
You say the sentiment is low in Canada and US, but thats the countries that need to do good in order for DR to do good!!! Without canadians or americans spending their money in DR, DR will sink.
To clarify - I want the USA and Canada to do well. I am observing that this is not the case right now. The DR will not sink because of Canada and USA but of coarse everyone does better together. As of now ppl cannot make ends meet in the western world. That's an issue. But you are going to see enormous growth in coming years in the DR. Enormous. It's their turn to shine in this decade - watch and see. I have a hunch that maybe right and I'm not the only one believing it. There has been a fundamental shift in the way people want to live their lives after the pandemic. And that shift will drive the DR forward to heights never expected.
Dude, its easy when you are at the bottom to have big growth; you sound like a hypocrit who is trying to lure people to DR to sell his product
In comparison to the rest of the world, the DR is in the middle top tier; in comparison to all of Latin America is in top third tier. Definitely not at the bottom.
The last half of your comment doesn’t make sense and is rude.
Dude - of coarse I want them to buy here. I believe in it. Why stay where they are. I am in Canada right now - you see the misery? Not sure what you are seeing / saying / or hearing but dude...YES I want people to stop wasting they energy and time in a country going backwards in all levels. So yes you are right - I am selling a product. But a product I believe will allow you too LOVE WHERE YOU LIVE. Thanks for the comment it's important to comment and share thoughts. Keeps things real. (Joking on the 'dude' thing haha :))
Barbecue will invade soon
DR was at the bottom from 1970-1990. Everything changed after 1996. DR has been growing with investments from the USA, Canada, Spain, Japan, etc. The tourist industry has expanded to become a leader in Latin America.