The Dominican Republic has the largest economy (according to the U.S. State Department and the World Bank) in the Caribbean and Central American region and is the seventh-largest economy in Latin America. Over the last 25 years, the Dominican Republic has had the fastest-growing economy in the Western Hemisphere – with an average real GDP growth rate of 5.3% between 1992 and 2018. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. In the first half of 2016, the Dominican economy grew 7.4% continuing its trend of rapid economic growth. Recent growth has been driven by construction, manufacturing, tourism, and mining. The country is the site of the third largest gold mine in the world, the Pueblo Viejo mine. Private consumption has been strong, as a result of low inflation (under 1% on average in 2015), job creation, and a high level of remittances. Illegal Haitian immigration is a big problem in the Dominican Republic, putting a strain on the Dominican economy and increasing tensions between Dominicans and Haitians. The Dominican Republic is also home to 114,050 illegal immigrants from Venezuela.