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BiggerDominican Republic ranks among the most prosperous countries in the region, according to a report
Contrary to what happened in the US, the economy has not threatened to shut down.
The Dominican Republic has positioned itself as one of the most prosperous economies in Latin America and the Caribbean, ranking fifth in the new “Prosperity Index,” which assesses economic growth, quality of life, and social well-being.
In the most recent Prosperity Index, which analyzes the overall development of 186 countries based on economic and social factors, the Dominican Republic has achieved a prominent position in the region: number 5 out of 23 countries in Latin America and the Caribbean, with a score of 37.4 out of 100.
This “Prosperity Index” is based on data from the World Bank and the United Nations Development Programme (UNDP).
With this result, the country is now behind only Chile, Uruguay, Panama, and Argentina, surpassing major economies in the region, including Brazil, El Salvador, Costa Rica, and Colombia.
This increase demonstrates significant progress in key variables, including the rise in GDP per capita and the sustained decline in monetary poverty.
These results also reflect significant progress in the country in variables such as GDP per capita growth and the gradual decline in the monetary poverty rate.
With this new ranking, the Dominican Republic consolidates its position as one of the most dynamic emerging economies in the region, continually striving to transform economic progress into tangible well-being for all Dominican citizens.
Even with all of their economic and social challenges, Argentina is still ahead of us. Interesting data.
Argentina used to be rich in the past and a lot of that structure stills remains like decent schools and public transportation. Truth to told, Argentina should be one of the most developed countries out there, they have everything to do it if it wasn’t for corruption.
And Peronism.
If this is true then why is the average monthly wage under 300.00/month. The majority of citizens live in poverty and struggle just to feed their families.This fuels crime against persons as well as prostitution and drug trade. Enforcement of the federal minimum wage laws would be a good start.