After many years of economic stagnation, an economic
reform program was implemented in the early 1990s; for
example, foreign investment in the country was facilitated.
The economic reforms and a favorable international
development for the country led to the positive development
of the country's economy.
During the 1990s, the Dominican Republic's economy has
undergone several crises, most often related to changes in
the international market, but most often recovered. Since a
large part of the country's income comes from tourism,
mainly through visitors from the United States, the country
is very dependent on the economic development of the United
COUNTRYAAH, the economy of the Dominican Republic was dominated by
agricultural production until the 1980s, but since then
tourism and industry, mainly composition factories in
duty-free zones, have been the main industries. However,
agriculture is still important for employment.
The agricultural sector consists partly of large
plantations with intensive cultivation of forage crops such
as sugar, coffee and tobacco, and partly of many small farms
that mainly grow rice, maize and beans, largely without
machines or fertilizers. Efforts are being made to reduce
dependence on traditional export crops, and alternative
crops are increasingly being used, such as pineapple and
other fruits as well as berries and vegetables.
The country lacks domestic energy sources and is heavily
dependent on oil imports, which together with oil products,
machinery and grain are the most important import products.
Industry is dominated by said assembly plants in
duty-free zones; there are about 50 such zones in the
country. Mainly, electronics, pharmaceuticals and clothing
are manufactured. The main market for these products is the
The United States is the country's main trading partner,
accounting for 85 percent of exports and 51 percent of
imports. The imported oil comes mainly from Venezuela and
Mexico. Foreign trade is strongly influenced by oil price
developments, and rising oil prices have sometimes caused
severe strain on the country's economy.