Highest growth in Latin America.HIGHEST GROWTH IN LATIN AMERICA Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. registered an economic growth rate of 9.3%, the highest in Latin America, during 2005, according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Central Bank, reports Diario Libre (Jan. 23, 2006). The bank indicates that this positive growth is reflected in all areas of the economy except mining, which decreased by 1.7%. During the last quarter of 2005 the economy grew by a spectacular 14.6%. The most dynamic sectors were agriculture (7.2%), manufacturing (5.4%), commerce (19.8%), tourism (7.6%), transportation (10.1%) and communications (26.8%). Central Bank Governor Hector Valdez Valdez (văldēz`), city (1990 pop. 4,068), Valdez-Chitina-Whittier census div., S Alaska, at the head of Valdez Arm inside Prince William Sound; inc. 1901. It has tourist, mining, and fishing industries, as well as salmon spawning grounds. Albizu said that this vigorous growth, together with the stability of the foreign exchange rate has caused a 54.5% increase in per capita income Noun 1. per capita income - the total national income divided by the number of people in the nation income - the financial gain (earned or unearned) accruing over a given period of time . During last year, the DR had net availability of RD$858.6 million, whereas the Central Bank's gross international reserves reached RD$1.929 billion, higher than all forecasts made by national and international authorities. |
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