There are 334,000 commercial registries in the Dominican Republic, according to the study “Provincial productive profiles for the promotion of exports and the attraction of investment for development”, presented today by the Export and Investment Center of the Dominican Republic (ProDominicana) and the Dominican Federation of Chambers of Commerce and Production (Fedocamaras).
“As a result of the survey process in the 32 provincial chambers deployed throughout the national territory, a total of 334,000 commercial registries were identified, of which 60 percent were identified in the database of the General Directorate of Internal Taxes (DGII), equivalent to more than 200,000 individuals, both natural and legal persons,” informed Biviana Riveiro Disla, executive director of ProDominicana.
She indicated that the remaining 40% of the records that were not validated are in the process of being updated and verified, in order to obtain a more “robust” approximation of the characteristics and contact data of the productive apparatus in all the provinces that make up the Dominican economy.
“This study has as its central objective to provide detailed information regarding the productive situation of each of the Dominican provinces, as well as their productive capacity and their orientation towards foreign trade,” he said.
Riveiro also explained that the active economic agents are made up of legal entities (companies) that represent 88 percent and the remaining 12 percent individuals.
“76.9 percent of the registries identified in the DGII are with an active status. In turn, the National District and the province of Santo Domingo group 75.5 percent of the total number of companies in the entire national territory,” expressed Riveiro.
He said that with this tool the 158 municipalities and 237 municipal districts are connected.
“We are turning the country’s trade development policies into a network in which every geographic point in the Dominican Republic is categorized, linked and open to investment opportunities, the expansion of its exports and the generation of new exports.”
Biviana Riveiro Disla
Executive Director of ProDominicana.
For his part, Manuel Luna, president of Fedocámara, emphasized that the provincial profiles highlight the contribution of the different provinces and the country’s participation in global markets. He highlighted the role of the 32 chambers of commerce and production in the Dominican productive sectors.
“With this magnificent document we will be able to connect business with business and encourage trade and exports. Our motto has always been to facilitate doing business in the chambers of commerce and with this provincial profile we can achieve it,” he said.
He said he recognized the “great impact” that having a database that indicates where and what is produced in each province and each region of the country will have for the Dominican economy.
Likewise, the president of the Dominican Federation of Municipalities (Fedomu), Kelvin Cruz, said that commerce and production are essential in order to have productive and dignified jobs.
He emphasized that the attraction of direct private investment, both national and foreign, is a strategy that has had a favorable impact on the improvement of the living conditions of the population.
“The study of the economic characteristics of the regions and provinces contained in the provincial productive profiles for export and investment will provide local governments with a framework of very relevant information so that our municipalities are able to act as facilitators of economic and commercial development, as well as to intervene in the priority task of turning our territories into destinations favored by productive investment,” he said.
At the activity, Inka Mattila, resident representative of the United Nations Development Program (UNDP) in the Dominican Republic, said that, in alliance with ProDominicana, they are carrying out a needs analysis for greater investment in the social, economic and environmental sustainability dimensions in the regions where human development is lowest.
“This can contribute to the reduction of inequalities, increase productivity and complement the diagnosis made through the Investment Profiles, enhancing the impact on sustainable development,” said Mattila.
Santo Domingo leads the way
According to the document presented at ProDominicana, if Dominican exports are analyzed according to provinces, Santo Domingo leads exports with an accumulated amount in the last five years of 10,265.6 million dollars, an average annual value of 2,053.1 million dollars, a participation of 21% and an average growth of 9.5%.
Santo Domingo leads
Through the document presented at ProDominicana, if Dominican exports are analyzed according to provinces, Santo Domingo leads exports with an accumulated amount in the last five years of 10,265.6 million dollars, an average annual value of 2,053.1 million dollars, a participation of 21 % and average growth of 9.5 %.
Likewise, in second place is San Cristóbal with 19.1 % and average growth from 2017-2021 of 10.7 %, followed by Sánchez Ramírez with a 14.3 % share, Santiago 12 % and Distrito Nacional with 7.6 %.
These four provinces and the National District account for 74.3 % of total exports in 2021. In 2021, Dominican exports surpassed the US$12.4 billion mark.