The Dominican Republic is the largest economy (according to the U.S. State Department and the World Bank) in the Caribbean and Central American region. It is an upper middle-income developing country, with a 2015 GDP per capita of US$14,770, in PPP terms. Over the last 25 years, the Dominican Republic has had the fastest-growing economy in the Americas – with an average real GDP growth rate of 5.53% 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%. , the average wage in nominal terms is US$392 per month (RD$17,829). The country is the site of the second largest gold mine in the world, the Pueblo Viejo mine.