Trump Organization Revisits Ties to Dominican Republic

Spotting the first family has become its own sport over recent months, with much of the reporting used for weekend news filler. But Eric Trump’s excursion to the Dominican Republic may be worth singling out because the buzz spotlights the region’s third-largest economy. The Dominican Republic ranks in size behind Puerto Rico and Cuba. Prudent economic management delivered an impressive 6.6% growth rate last year. Those gains were the best in the region due to outsized momentum in both agriculture and construction. Economic activity will likely moderate to around 5% in 2017. Ongoing strength explains why the Trump Organization appears to be revisiting its licensing deal at Cap Cana, a larger-than-Manhattan resort area. Like many real-estate projects in the region, the master-planned development was waylaid by the credit crisis.

Our Vantage Point: The Dominican Republic has a well-diversified economy that has been supported by a strong banking sector. Vibrant growth rates are bolstering property values, leading to greater foreign interest in the nation.

Learn more at The Associated Press

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Beyond Caparra

Turn Right for Roseau

To the uninitiated, the Caribbean can be a mind-boggling array of small islands, with a few large ones in the mix.

Man with Cigar

Become a geographer. Florida and the Caribbean have the same economic heft as Brazil. Our regional set includes the perimeter economies of Central America, Colombia, Venezuela, as well as the Guiana Highlands.

Relative Economic Size

Comments on this blog focus on Florida and neighboring trade partners. By output, we rank the major islands:

1. Puerto Rico ($103 billion)

2. Cuba ($78 billion)

3. Dominican Republic ($64 billion)

4. Trinidad and Tobago ($29 billion)

5. Jamaica ($14 billion)

Florida dominates the region with state-wide GDP of about $770 billion. The largest perimeter economy is Colombia at $378 billion, followed by Venezuela.

Note: Ranking is based on GDP data for 2014 at market prices.

Source: World Bank, US Bureau of Economic Analysis, Government Development Bank for Puerto Rico, Cranganore.