The Dominican Republic has the ninth largest economy in Latin America and the second in Central America and the Caribbean. The economy is dominated by services. The economic progress of the country is verified with their advanced telecommunications system. During the year 2014, the Dominican economy, measured by real GDP, grew a 7.3%, compared to the previous year. This growth, turned out to be the highest in the Latin American region with 6.1 percentage points above the average of 1.2% estimated by the International Monetary Fund (IMF) for the region.
The Central Bank of the Dominican Republic has informed during the first quarter 2015, the Dominican economy grew by 6.5% of the GDP. This means the Dominican economy leads all economies in Latin America, exceeding the growth of 5.1% projected for Panamá, 4.4% for Guatemala, 3.4% for Honduras, 2.8% for Nicaragua, 2.4% for Chile, 2.3% for Mexico, 2.1% for Costa Rica, 1.7% for Peru, 1% for Ecuador, 0.7% for Argentina, -0.1% for El Salvador and 2.5% from Brasil.
Foreign investment in the country, in the year 2014, had a significant increase of 11% compared to the period 2013, which reflects the confidence of investors in the country.