Dominican Republic: Economy
Economy
The country's economy has traditionally depended on agriculture. Although sugarcane is the chief crop and sugar is an important export, sugar production has sharply declined in recent years. Other major crops are coffee, cotton, cocoa, tobacco, and rice. There are deposits of nickel, bauxite, gold, silver, and other minerals, and mining is of growing economic importance. Free-trade zones have led to an increase in light industry, especially the manufacture of textiles and clothing. Tourism is also important to the economy, and the service sector is now the country's largest employer. The United States, Mexico, and Colombia are the main trading partners.
Sections in this article:
- Introduction
- Post-Balaguer Politics
- The Balaguer-Bosch Era
- The Early Twentieth Century
- History to the Twentieth Century
- Government
- Economy
- Land and People
- Bibliography
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2024, Columbia University Press. All rights reserved.
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