Agriculture accounts for about 20% of GDP and employs about 40% of the labor force. Dominica is one of five countries in the East Caribbean that have citizenship by investment programs whereby foreigners can obtain passports for a fee and revenue from this contribute to government budgets. 74.4 million kWh (2005), Agriculture - products: In addition to monetary problems, water sanitation issues and resulting diseases plague Dominica’s inhabitants. The island's tourism industry is the second largest area of economic activity, followed by soap export. Dominican Republic, country of the West Indies that occupies the eastern two-thirds of Hispaniola, the second largest island of the Greater Antilles chain in the Caribbean Sea. Wiki User Answered . magazine bio; login; subscribe; contact us; Get the latest newsletter right in your inbox. of the Commonwealth of Dominica and to the Sovereign Republic for which it stands; my love, my loyalty and skills, in the service of Dominica and my fellow citizens. There are service organization groups that play an oversight role in ensuring that the service providers meet their customers’ expectations. Other industries process lime, citrus fruits, toiletries, shoes, cement, blocks, ceramics, and furniture. Haiti, also an independent republic, occupies the western third of the island. industry: Usually grouped with Northern American countries based on proximity; occasionally grouped with the Caribbean region culturally. In 1991 an estimated 34.9 percent of Dominicans worked in the agricultural sector, 28.1 percent were employed in industry, and many others worked in the service sector, which caters mainly to tourism. NA% Commercially valuable woods include mahogany, blue and red mahoe, and teak. I promise to work diligently and to help build a prosperous and peaceful Nation.” The value of banana exports fell to less than 25% of merchandise trade earnings in 1998 compared to about 44% in 1994. The total number of unemployed people in Dominica is 10,255. Home industries produce some leather work, ceramics, and straw products. The Ministry of Tourism, International Transport and Maritime Initiatives has the responsibility for the sustainable development of tourism with special emphasis on the promotion and marketing of Eco-tourism and the development of products and services in keeping with that emphasis. The industry provides crucial risk management services to downstream consumers and is a vital part of the financial sector, particularly with respect to the industry's massive asset holdings. The main industries in Egypt are agriculture, automotive manufacturing, construction industry, steel manufacturing, cotton cultivation and textile production. highest 10%: purchasing power parity - $3,800 (2005 est. Dominica is engaging in plans to boost this industry. Read more The average number of tourists who visit the island annually is 200,000. Nevertheless, Dominica's high, rugged mountains, rainforests, freshwater lakes, hot springs, waterfalls, and diving spots make it an attractive destination. Share. Main industries: Agriculture, Tourism and Manufacturing Dominica’s three main sectors are agriculture, tourism and manufacturing. Dominica's small manufacturing sector is almost entirely dependent on agriculture, and the island has built up a handful of successful industries specializing in soaps and other agricultural byproducts. * These three Dutch Caribbean territories form the BES islands. The soap is also exported to Jamaica and Trinidad and Tobago. What Are the Major Natural Resources of Dominica? Subscribe Now! The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. GDP: $84.4 million (2001), Industries: The largest manufacturer is Dominica Coconut Products, controlled by Colgate-Palmolive, which produces soap from coconuts. Dominica is a beneficiary of the U.S. Caribbean Basin Initiative (CBI). The leading econmic activity is the tourism industry, with principal exports made up of agricultural and marine products, such as cane sugar, fruit, and fish. 50% See Answer. During the last five reported years the exports of Dominica have changed by … Production for 1999 included coconuts, 11,000 tons; grapefruit, 21,000 tons; lemons and limes, 1,000 tons; and oranges, 8,000 tons. GDP: $550,892,592.593. About 80% of the Dominican Republic land area is suitable for agriculture an almost 17% of the country's labor force engage in agriculture. DOM offers regular services by American Eagle (American Airlines subsidiary), Winair and LIAT to destinations such as Barbados, San Juan and Antigua. Tourism is developing, but is hindered by a lack of accommodations and an international airport. The economy of Dominica is reliant upon agriculture, particularly bananas, with the financial services industry becoming increasingly the island's largest source of income. Asked by Wiki User. ), Budget: The vast majority of industry revenue is sourced from the distribution of prescription and nonprescription drugs to a variety of retailers and healthcare providers. The factory has an agreement to sell an estimated 3 million bars of soap each year to Royal Caribbean Cruise Lines. Dominica also offers a captivating mix of cultures. The rest of the population lives in rural areas and typically engage in farming which is the main economic driver in Dominica. The majority of the soap users are the Royal Caribbean cruise lines. What is dominica's main industry? Asked by Wiki User. The service industry in Dominica has employed about 28 % of the labor force and contributes 49.5 % of the country’s GDP. See more. About 22.6% of the total land area is arable. The Liberty made two unscheduled calls to Dominica last week. ), Population below poverty line: The main industry here in the DR is Tourism but the second biggest source of income is remittences! Please update this article to reflect recent events or newly available information. The Dominica Hotel & Tourism Association (DHTA) is a non-profit organization providing centralized and innovative information, advocacy, and leadership for the tourism industry in Dominica. Located in the center of the Caribbean Sea, the Dominican Republic is the second largest nation in the Caribbean, with a territory of 18,172 square miles on the eastern two-thirds of the Island of Hispaniola. # Physiographically, Bermuda is an isolated oceanic island in the North Atlantic Ocean, not a part of the Antilles, West Indies, Caribbean, North American continental mainland or South American continental mainland. 0% (1998), Electricity - consumption: Dominica has tried to expand its base by building up offshore financial services. [4] However, the Commonwealth of Dominica successfully avoided being placed on the OECD black list by committing to regulatory reform to improve transparency and begin information exchange with OECD member countries about their citizens.[4]. Coconut Products. LOCATION & GEOGRAPHY: The Dominican Republic is located in the Caribbean Sea and occupies 66% of the island of Hispaniola while the territory also includes the islands of Beata Catalina, Saona, Alto Velo and Catalinita.It is bound by Haiti to the west, the Atlantic Ocean to … It covers an area of 751 km² (290 mi² ) .It is heavily forested and is renowned for its lakes, waterfalls and over 365 rivers. lowest 10%: Dominica The source for global inequality data. What Are The Biggest Industries In Dominica? Pin. Main industries: agriculture, timber and tourism. The majority of the Dominicans, about 70.5% of the population, live in urban centers. The Dominican Republic is primarily dependent on natural resources and government services. This form is intended to obtain information about contractors and artisans here in Dominica. Offers a pleasant tropical climate with an average temperature of 77oF ( approximately 25oC ) to... 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