A new Central Bank study reveals that manufacturing in the Dominican Republic from 1991 to 2007 has declined from 21.8% to 12.3% of GDP. That is a decline of 44% over the 16-year period. Sector spokespeople say the situation is due to the high cost of producing in the country, lower value added and increased import of products that once were manufactured here.
The National Accounts of the Dominican Republic Year Reference 2007 presented by the Central Bank indicates that what used to be the main sectors of the Gross Domestic Product have lost their influence.
The study indicates that the services sector continues to gain over production in the Dominican economic structure. According to the Central Bank study, services represented 56.8% of the Dominican economy, up 8.8% compared to 1991 when the sector was 48% of GDP.
Read more in Spanish:
http://www.elcaribe.com.do/2014/08/25/economia-refugia-los-sectores-
http://www.bancentral.gov.do/notas_bc/2014/08/21/525/banco-central-presenta-nuevas-series-de-las-cuentas-nacionales-referenciadas-al-ao-2007