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The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income developing country with important sectors including mining, tourism, manufacturing, energy, real estate, infrastructure, telecommunications and agriculture. The Dominican Republic is on track to achieve its goal of becoming a high-income country by 2030, and is expected to grow 79% in this decade. The country is the site of the single largest gold mine in Latin America, the Pueblo Viejo mine.Although the service sector is currently the leading employer of Dominicans, agriculture remains an important sector in terms of the domestic market and is in second place in terms of export earnings. Tourism accounts for more than $7.4 billion in annual earnings in 2019. Free-trade zone earnings and tourism are the fastest-growing export sectors. A leading growth engine in the Free-trade zone sector is the production of medical equipment for export having a value-added per employee of $20,000 USD, total revenue of $1.5 billion USD, and a growth rate of 7.7% in 2019. The medical instrument export sector represents one of the highest-value added sectors of the country's economy, a true growth engine for the country's emerging market. Remittances are an important sector of the economy, contributing $8.2 billion in 2020. Most of these funds are used to cover household expenses, such as housing, food, clothing, health care and education. Secondarily, remittances have financed businesses and productive activities. Thirdly, this combined effect has induced investment by the private sector and helps fund the public sector through its value-added tax. The combined import market including the free-trade-zones amounts to a market of $20 billion a year in 2019. The combined export sector had revenues totaling $11 billion in 2019. The consumer market is equivalent to $61 billion in 2019. An important indicator is the average commercial loan interest rate, which directs short-term investment and stimulates long-term investment in the economy. It is currently 8.30%, as of June 2021.
Telecommunications in Haiti Internet, radio, television, fixed and mobile telephones.
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Haiti, for much of its history and up to the present day, has been prevailingly a Christian country, primarily Roman Catholic, although in some instances it is profoundly modified and influenced through syncretism. A common syncretic religion is Vodou, which combined the Yoruba religion of enslaved Africans with Catholicism and some Native American strands; it shows similarities, and shares many deity-saints, with Cuban Santería and Brazilian Candomblé. The constitution of Haiti establishes the freedom of religion and does not establish a state religion, although the Catholic Church receives some preferential treatment.
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Lafiteau, also called Carrefour Lafiteau, is a small industrial port town, about nine miles north of the capital, Port-au-Prince, in the commune of Cabaret in the Haiti. It lies to the south of Titanyen. Many supply ships entered this port in the aftermath of the 2010 Haiti earthquake as part of earthquake relief operations. The road to the port is maintained well after the earthquake, and the port and its jetties also, which suffered damages due to the earthquake, are in continuous process of refurbishing.
Football Inter Club Association; is a professional football club based in Cap-Haïtien, Haiti.
Gilbert Bigio is a retired Haitian businessman. He is the founder of GB Group and Haiti's only billionaire. He was sanctioned by the Government of Canada for his involvement in arms trafficking and human rights violations in Haiti. Bigio is also the de facto leader of Haiti's Jewish community and an honorary consul to Israel.
References
- ↑ Merkin, Josh, ed. (2 July 2015). "Haiti's Port Lafito Officially Opens - Haiti's first Panamax Port Positioned to Benefit National Economy". Businesswire. Retrieved 21 December 2015.
- ↑ Bloomberg Business - GB Group SA
- ↑ Guaglione, Sara, ed. (1 December 2015). "Haitian Newsweekly 'Challenges' Launches English Site". Media Post. Retrieved 21 December 2015.
- ↑ Aciérie d'Haïti
- ↑ Oppenheimer, Andres, ed. (24 June 1992). "Some Wealthy Haitians Are Facing Reversal of Fortune". JOC. Retrieved 21 December 2015.
- ↑ "About". HUHSA | Huileries Haitiennes. Retrieved 2023-03-29.