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Dominican Republic

Welcome to the price transmission page for the Dominican Republic. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Dominican Republic

Historic Warnings per Commodity

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Background information

In recent years, the Dominican Republic experienced a shift from an agricultural-based to a service-based economy. The economic situation, which had been strained as a result of the Global Recession, is significantly improving again.

Nowadays, the agricultural sector employs nearly one-seventh of the total workforce and contributes for slightly more than one-twentieth of the total GDP; the main crops are cocoa, tobacco, sugarcane, coffee, cotton, rice, beans, potatoes, corn, bananas. Most of the cash crops are exported to the US on the one hand; on the other hand about three-quarters of the domestic cereals consumption have to be imported.

Referring to the HDI (2014), the upper middle-income country exhibits a high level of human development, receiving a score of 0.715 despite a relatively high unemployment rate of 14% and poverty and hunger throughout parts of the country. Roughly 2.3% of the population is living below the extreme poverty line and every one child out of ten is stunted. However, the country exhibited significant improvements in the fight against hunger: as shown by the GHI (2015), hunger has dramatically dampened during the last decades as the Caribbean Republic now received a score of 10.8 indicating a moderate level hunger severity.