The Dominican Republic (República Dominicana) is a sovereign state located on the island of Hispaniola, in the Caribbean. It occupies the eastern five-eighths of the island, which it shares with the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two countries. The Dominican Republic is the second-largest Caribbean nation by area (after Cuba) at 48,445 square kilometers (18,705 sq mi), and third by population with approximately 10 million people, of which approximately three million live in the metropolitan area of Santo Domingo, the capital city.

During the last three decades, the Dominican economy, formerly dependent on the export of agricultural commodities (mainly sugar, cocoa and coffee), has transitioned to a diversified mix of services, manufacturing, agriculture, mining, and trade. The service sector accounts for almost 60% of GDP; manufacturing, for 22%; tourism, telecommunications and finance are the main components of the service sector; however, none of them accounts for more than 10% of the whole. The Dominican Republic has a stock market, Bolsa de Valores de la Republica Dominicana (BVRD) and an advanced telecommunication system and transportation infrastructure.