Market Intelligence Reports

Global Market Report Q4 2021

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21 Dominican Republic 4,635 4,683 4,906 4,413 4,534 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 6.4% 5.9% 3.2% 7.4% 7.6% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 Q4 2021 Total Labor Force (000s) 4,907 Employed Workers (000s) 4,534 Unemployed Workers (000s) 373 Unemployment Rate 7.6% 63% - First Vaccine Dose (December 2021) Covid Update Vaccine or negative test result required to enter restaurants, bars, public transport or public places. If employees in the Dominican Republic are not vaccinated, they must provide evidence of a weekly negative PCR test. 17% 27% 18% 0% 25% 50% 75% Employer Tax Profit Tax VAT Dom inican Republic Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $504 $202 $2.11 $0 $5 $10 $0 $2,500 $5,000 Average Wage Manufacturing Wage Minimum Wage Dom inican Republic Regional Average 45% 44% 45% 45% 39% 27% 28% 27% 30% 29% 62% 62% 64% 65% 60% 0% 20% 40% 60% 80% 2016 2017 2018 2019 2020 15-24 years 65+ years Total Labor Force Participation Rate by Selected Age Group Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics ILOSTAT Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ https://bancentral.gov.do/a/d/2541-encuesta-continua-encft

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