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Dominican Republic

Headline economic indicators for Dominican Republic, with the most recent official readings.

Prices

Prices — Dominican Republic
Indicator Value Change
Inflation rate · 3.9% +0.57 (+17.3%)
Consumer price index · 181.7 +6.77 (+3.9%)
GDP deflator inflation · 4.5% +0.20 (+4.6%)

GDP

GDP — Dominican Republic
Indicator Value Change
GDP growth rate · 2.1% -2.84 (-57.3%)
GDP per capita · 11,059.21 +183.55 (+1.7%)
GDP per capita, long-run history · 17,714 +666.87 (+3.9%)
GDP · 127,407,463,759.04 +3,125,218,120 (+2.5%)
GDP, PPP · 330,881,018,370 +15,690,019,044 (+5.0%)
GDP per capita, PPP · 28,721 +1,139 (+4.1%)
GDP per capita growth · 1.3% -2.78 (-68.2%)
GNI per capita · 10,620 +310.00 (+3.0%)
Agriculture to GDP · 4.6% +0.15 (+3.3%)
Industry to GDP · 28.4% -0.31 (-1.1%)
Manufacturing to GDP · 12.3% -0.20 (-1.6%)
Services to GDP · 60.1% +0.29 (+0.5%)
Household consumption to GDP · 67.8% +0.10 (+0.2%)
Gross capital formation to GDP · 24.7% -2.29 (-8.5%)
Gross savings to GDP · 23.3% -0.54 (-2.3%)

Labour

Labour — Dominican Republic
Indicator Value Change
Unemployment rate · 5.1% -0.22 (-4.1%)
Labour force participation rate · 64.8% +0.19 (+0.3%)
Female labour force participation rate · 53.7% +0.39 (+0.7%)
Youth unemployment rate · 12.3% -0.56 (-4.4%)
Employment to population ratio · 61.5% +0.32 (+0.5%)
Employment in agriculture · 7.0% -0.18 (-2.5%)
Employment in industry · 19.0% -0.09 (-0.5%)
Employment in services · 74.0% +0.27 (+0.4%)

Money

Money — Dominican Republic
Indicator Value Change
Real interest rate · 10.5% +2.36 (+28.8%)
Broad money to GDP · 41.3% +1.95 (+4.9%)
Private sector credit to GDP · 32.8% +0.93 (+2.9%)
Lending rate · 15.3% +0.82 (+5.7%)
Bank deposit rate · 9.8% +0.61 (+6.6%)
Bank nonperforming loans · 1.7% +0.48 (+38.2%)
Official exchange rate · 61.99 +2.42 (+4.1%)

Trade

Trade — Dominican Republic
Indicator Value Change
Current account to GDP · -1.4% +1.61 (+54.0%)
Exports to GDP · 23.6% +0.87 (+3.8%)
Imports to GDP · 27.9% -1.16 (-4.0%)
Trade to GDP · 51.5% -0.29 (-0.6%)
Exports of goods and services · 30,119,023,791.07 +1,822,532,335 (+6.4%)
Imports of goods and services · 35,489,329,536.51 -571,893,569 (-1.6%)
Trade balance, goods and services (annual) · -5,307,900,000 +2,211,700,000 (+29.4%)
Current account balance (annual) · -1,748,300,000 +1,957,200,000 (+52.8%)
Foreign direct investment to GDP · 3.9% +0.26 (+7.2%)
Remittances received to GDP · 9.7% +0.61 (+6.7%)
Total reserves, including gold · 14,779,137,046.97 +1,307,879,234 (+9.7%)
Reserves in months of imports · 4.0 +0.30 (+8.1%)
External debt to GNI · 45.3% -0.04 (-0.1%)

Government

Government — Dominican Republic
Indicator Value Change
Government debt to GDP · 16.4% -1.15 (-6.6%)
Government revenue to GDP · 17.5% +0.48 (+2.8%)
Government expense to GDP · 18.1% +0.01 (+0.1%)
Tax revenue to GDP · 14.7% +0.19 (+1.3%)
Government budget balance to GDP · -2.9% +0.49 (+14.4%)
Government consumption to GDP · 11.7% +0.16 (+1.4%)
Education spending to GDP · 3.8% +0.15 (+4.1%)
Health spending to GDP · 4.6% -0.05 (-1.0%)

Demography

Demography — Dominican Republic
Indicator Value Change
Population · 11,520,487 +92,930 (+0.8%)
Population, long-run history · 10,793 +106.64 (+1.0%)
Population growth · 0.8% -0.04 (-4.3%)
Life expectancy · 73.9 +0.15 (+0.2%)
Fertility rate · 2.22 -0.02 (-0.9%)
Birth rate · 17.6 -0.31 (-1.7%)
Death rate · 6.2 -0.00 (-0.0%)
Urban population share · 72.5% +0.11 (+0.1%)
Population aged 65 and over · 8.2% +0.31 (+3.9%)
Under-five mortality rate · 30.6 -0.90 (-2.9%)
Population density · 237.1 +2.00 (+0.8%)
Net migration · -35,306 -500.00 (-1.4%)
Gini index · 39.0 +0.60 (+1.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Dominican Republic; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.