The Dominican Republic recorded the highest employment growth in Latin America during the first half of 2024, while Costa Rica and Peru experienced declines, according to data from the Economic Commission for Latin America and the Caribbean (ECLAC), Natayan Ammachchi reports for Nearshore Americas.
The Dominican workforce expanded by 5.7%, driving the unemployment rate to a record low as booming tourism and other services sector segments fueled job creation.
Nearshore Americas reports that the DR is home to more than 70 software development companies, including Microsoft, Oracle, and Hewlett-Packard. However, many of these firms focus on domestic operations rather than exporting IT services. The Dominican Republic excels in contact center services, which benefit from tax incentives and free trade zone advantages.
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