Dominican Republic one of the best economies in Latin America – 2020

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The Dominican Republic’s economy is the fastest-growing economy in all of Latin America, surpassing Panama. This island, located in the Caribbean Sea, in recent years, has had significant economic growth. In 2015, the Dominican economy grew by 7%, one of the fastest-growing in the world and the ninth-largest economy in Latin America. In terms of its people and customs, the culture of the Dominican Republic is nourished by the mixture of Spanish, African, and Taino roots. The Dominican Republic was the first Spanish colony in America. Like other Caribbean peoples and in a general sense of Latin America, the Dominican Republic has a culture based on racial syncretism. In the second half of the 19th century, the Dominican economy was characterized by the excessive increase in the money supply due […]

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