Usually means: Politically unstable country, economy dependent.
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We found 22 dictionaries that define the word banana republic:

General (19 matching dictionaries)
  1. banana republic: Merriam-Webster
  2. banana republic: Oxford Learner's Dictionaries
  3. banana republic: American Heritage Dictionary of the English Language
  4. banana republic: Collins English Dictionary
  5. banana republic: Vocabulary.com
  6. banana-republic: Wordnik
  7. banana republic: Cambridge Advanced Learner's Dictionary
  8. banana republic: Wiktionary
  9. banana republic: The Wordsmyth English Dictionary-Thesaurus
  10. banana republic: Infoplease Dictionary
  11. banana republic: Dictionary.com
  12. Banana Republic (album), Banana Republic (clothing retailer), Banana Republic (song), Banana Republic, Banana republic (disambiguation), Banana republic: Wikipedia, the Free Encyclopedia
  13. banana republic: Rhymezone
  14. banana republic: FreeDictionary.org
  15. banana republic: Mnemonic Dictionary
  16. banana republic: TheFreeDictionary.com
  17. banana republic: Longman Dictionary of Contemporary English

Art (1 matching dictionary)
  1. Glossary of Stamp Collecting Terms (No longer online)

Computing (1 matching dictionary)
  1. banana republic: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. banana republic: A Word A Day

(Note: See banana_republics as well.)

Definitions from Wiktionary (banana republic)

noun:  (politics, idiomatic, derogatory) A small country, especially one in Central America or the West Indies, that is dependent on a single export commodity (traditionally bananas) and that has a corrupt, dictatorial government.

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