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Currency: Peso (DOP) Language: Spanish Capital: Santo Domingo Average Hotel Occupancy Rate: 87%
Government and Politics The Dominican Republic is a representative democracy, with national powers divided among independent executive, legislative, and judicial branches. The President of the Dominican Republic appoints the cabinet, executes laws passed by the legislative branch, and is commander in chief of the armed forces. The president and vice president run for office on the same ticket and are elected by direct vote for 4-year terms. Economy The Dominican Republic is a lower middle-income developing country primarily dependent on natural resources and government services. Tourism accounts for more than $1.3 billion in annual earnings. Free Trade Zone earnings and tourism are the fastest-growing export sectors. According to the World Tourism Organization, the Dominican Republic is the Caribbean's most popular tourist destination. Many tourist from around the world come to visit its resorts and beaches. |