Multi-dimensional Review of the Dominican Republic
Towards Greater Well-being for All
The Dominican Republic has made strides on many socioeconomic fronts over the years.
The country has been one of the leading economies in Latin America and the Caribbean
in terms of GDP growth, reaching upper middle-income status in 2011. However, progress
on the different dimensions of well-being has been insufficient. In particular, socioeconomic
and territorial disparities are still important, and public institutions remain insufficiently
solid. For the Dominican Republic to embark on a more prosperous development path,
three critical dimensions must be tackled. First, providing quality jobs for all,
with particular emphasis on boosting formalisation and productive transformation.
Second, mobilising more public and private finance for development, with more progressive
and effective taxation systems, more efficient public expenditure and deeper capital
markets. Third, accelerating digital transformation to boost productivity, enhance
inclusion and support job creation.
Published on December 13, 2022
In series:OECD Development Pathwaysview more titles