The Dominican Republic ranked 65/197 by economy size with a GDP of $124B and 83/197 by GDP per capita at $10,876. The Dominican Republic has $73.1B in government debt, with a debt-to-GDP ratio of 58.2%.
In 2025, the Dominican Republic made up 0.11% of the world's economy, compared to 0.05% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $672,399,700 | $4,496,273,447 | - |
| 1961 | $654,100,200 | $4,392,263,458 | -2.72% |
| 1962 | $824,100,000 | $5,141,023,192 | 26% |
| 1963 | $940,799,900 | $5,475,338,924 | 14.2% |
| 1964 | $1,025,599,900 | $5,845,738,217 | 9.01% |
| 1965 | $888,100,000 | $5,116,082,882 | -13.4% |
| 1966 | $983,900,000 | $5,804,878,762 | 10.8% |
| 1967 | $1,034,800,000 | $5,998,038,558 | 5.17% |
| 1968 | $1,079,100,000 | $6,012,365,502 | 4.28% |
| 1969 | $1,230,500,000 | $6,667,199,033 | 14% |
| 1970 | $1,485,500,000 | $7,882,408,258 | 20.7% |
| 1971 | $1,666,500,000 | $8,739,341,597 | 12.2% |
| 1972 | $1,987,400,000 | $9,647,723,102 | 19.3% |
| 1973 | $2,344,800,000 | $10,891,870,678 | 18% |
| 1974 | $2,925,700,000 | $11,545,590,181 | 24.8% |
| 1975 | $3,599,200,000 | $12,145,181,930 | 23% |
| 1976 | $3,951,500,000 | $12,962,324,666 | 9.79% |
| 1977 | $4,587,100,000 | $13,608,079,675 | 16.1% |
| 1978 | $4,734,400,000 | $13,899,385,752 | 3.21% |
| 1979 | $5,498,800,000 | $14,529,222,409 | 16.1% |
| 1980 | $6,761,300,000 | $15,687,018,150 | 23% |
| 1981 | $7,561,300,000 | $16,358,401,738 | 11.8% |
| 1982 | $8,267,400,000 | $16,636,283,320 | 9.34% |
| 1983 | $9,220,600,000 | $17,406,201,587 | 11.5% |
| 1984 | $11,594,000,000 | $17,624,283,186 | 25.7% |
| 1985 | $5,044,579,979 | $17,250,201,611 | -56.5% |
| 1986 | $6,122,128,558 | $17,857,752,538 | 21.4% |
| 1987 | $5,827,050,753 | $19,664,486,965 | -4.82% |
| 1988 | $5,374,299,981 | $20,088,446,094 | -7.77% |
| 1989 | $6,686,593,060 | $20,972,445,961 | 24.4% |
| 1990 | $7,073,675,545 | $19,828,543,242 | 5.79% |
| 1991 | $9,824,483,340 | $20,015,752,229 | 38.9% |
| 1992 | $11,605,382,504 | $22,265,015,207 | 18.1% |
| 1993 | $13,081,042,400 | $23,905,211,029 | 12.7% |
| 1994 | $14,644,734,599 | $24,525,260,343 | 12% |
| 1995 | $16,637,370,839 | $25,923,197,384 | 13.6% |
| 1996 | $18,241,622,548 | $27,468,529,262 | 9.64% |
| 1997 | $20,017,450,041 | $29,913,105,390 | 9.74% |
| 1998 | $21,672,215,547 | $31,919,035,076 | 8.27% |
| 1999 | $22,136,579,397 | $33,820,295,671 | 2.14% |
| 2000 | $24,305,780,629 | $35,393,522,990 | 9.8% |
| 2001 | $25,601,823,688 | $36,267,520,113 | 5.33% |
| 2002 | $27,137,440,786 | $37,894,663,734 | 6% |
| 2003 | $21,403,167,848 | $37,383,329,267 | -21.1% |
| 2004 | $22,322,387,382 | $38,349,900,170 | 4.29% |
| 2005 | $35,777,560,684 | $41,966,981,959 | 60.3% |
| 2006 | $37,879,830,084 | $45,815,860,540 | 5.88% |
| 2007 | $43,965,458,509 | $49,214,666,985 | 16.1% |
| 2008 | $48,091,433,554 | $50,823,044,978 | 9.38% |
| 2009 | $48,223,781,477 | $51,333,030,312 | 0.28% |
| 2010 | $53,801,053,353 | $55,645,592,833 | 11.6% |
| 2011 | $57,948,261,616 | $57,421,779,163 | 7.71% |
| 2012 | $60,561,635,556 | $59,015,618,840 | 4.51% |
| 2013 | $62,555,417,415 | $61,927,882,063 | 3.29% |
| 2014 | $67,014,329,100 | $66,331,713,897 | 7.13% |
| 2015 | $70,966,782,572 | $70,966,782,572 | 5.9% |
| 2016 | $75,552,902,636 | $75,735,566,406 | 6.46% |
| 2017 | $79,070,274,743 | $78,714,898,895 | 4.66% |
| 2018 | $84,994,732,049 | $84,301,701,755 | 7.49% |
| 2019 | $89,146,130,745 | $88,427,452,426 | 4.88% |
| 2020 | $78,546,672,407 | $81,415,993,438 | -11.9% |
| 2021 | $94,850,719,517 | $92,824,351,637 | 20.8% |
| 2022 | $113,478,087,135 | $97,686,450,824 | 19.6% |
| 2023 | $120,456,239,154 | $99,828,029,403 | 6.15% |
| 2024 | $124,282,245,639 | $104,771,210,812 | 3.18% |
Economic Statistics of the Dominican Republic
Dominican Republic
|
Rank | |
|---|---|---|
| Gross domestic product |
$124B
2024 |
65/197 |
| GDP growth |
3.18%
2023-2024 |
142/196 |
| GDP per capita |
$10,876
2024 |
83/197 |
| GDP per capita, PPP |
$27,541
2024 |
76/197 |
| Government debt |
$73.1B
2024 |
63/185 |
| Debt-to-GDP ratio |
58.2%
2025 |
88/185 |
| Government debt per person |
$6,394
2024 |
72/185 |
| Average annual personal income after taxes |
$5,703
2025 |
107/197 |
| Income share by richest 10% |
29.5%
2024 |
69/169 |
| Income share by poorest 10% |
2.3%
2024 |
114/169 |
| Government expenditure, % of GDP |
18.5%
2025 |
167/195 |
| Consumer prices inflation |
3.3%
2023-2024 |
93/195 |
| Central bank interest rate |
5.75%
2025 |
53/105 |
| Unemployment rate |
5.31%
2024 |
94/196 |
| Population |
11591984
|
85/197 |
Dominican Republic's GDP per capita
The Dominican Republic has a GDP per capita of $10,876, ranking 83/197, a GDP per capita based on purchasing power parity (PPP) of $27,541, ranking 76/197, and a median annual after tax income of $5,703, ranking 107/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $205.7 | - |
| 1961 | $193.9 | - |
| 1962 | $236.8 | - |
| 1963 | $262.2 | - |
| 1964 | $277.3 | - |
| 1965 | $233.2 | - |
| 1966 | $250.9 | - |
| 1967 | $256.2 | - |
| 1968 | $259.6 | - |
| 1969 | $287.7 | - |
| 1970 | $338 | - |
| 1971 | $368 | - |
| 1972 | $427 | - |
| 1973 | $490 | - |
| 1974 | $595 | - |
| 1975 | $713 | - |
| 1976 | $763 | - |
| 1977 | $863 | - |
| 1978 | $868 | - |
| 1979 | $984 | - |
| 1980 | $1,180 | - |
| 1981 | $1,288 | - |
| 1982 | $1,376 | - |
| 1983 | $1,500 | - |
| 1984 | $1,844 | - |
| 1985 | $784 | - |
| 1986 | $932 | - |
| 1987 | $868 | - |
| 1988 | $784 | - |
| 1989 | $955 | - |
| 1990 | $989 | $3,641 |
| 1991 | $1,346 | $3,722 |
| 1992 | $1,558 | $4,151 |
| 1993 | $1,722 | $4,474 |
| 1994 | $1,892 | $4,599 |
| 1995 | $2,109 | $4,871 |
| 1996 | $2,271 | $5,161 |
| 1997 | $2,449 | $5,618 |
| 1998 | $2,608 | $5,963 |
| 1999 | $2,621 | $6,305 |
| 2000 | $2,831 | $6,639 |
| 2001 | $2,936 | $6,848 |
| 2002 | $3,066 | $7,158 |
| 2003 | $2,383 | $7,098 |
| 2004 | $2,452 | $7,375 |
| 2005 | $3,878 | $8,215 |
| 2006 | $4,055 | $9,130 |
| 2007 | $4,650 | $9,951 |
| 2008 | $5,024 | $10,346 |
| 2009 | $4,974 | $10,382 |
| 2010 | $5,479 | $11,246 |
| 2011 | $5,827 | $11,695 |
| 2012 | $6,014 | $11,777 |
| 2013 | $6,137 | $12,414 |
| 2014 | $6,496 | $13,465 |
| 2015 | $6,801 | $14,804 |
| 2016 | $7,160 | $16,282 |
| 2017 | $7,413 | $16,846 |
| 2018 | $7,883 | $17,995 |
| 2019 | $8,183 | $19,767 |
| 2020 | $7,135 | $18,998 |
| 2021 | $8,527 | $22,053 |
| 2022 | $10,104 | $24,626 |
| 2023 | $10,630 | $25,840 |
| 2024 | $10,876 | $27,541 |
Dominican Republic's government spending, deficit, and chart
This chart shows the Dominican Republic's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, the Dominican Republic recorded a fiscal deficit in 43 years — average annual deficit equal to -1.82% of GDP. In 2024, government spending reached $24.2B (18.5% of GDP), with a deficit of -3.16%.
The national debt reached $73.1B, ranking 63rd out of 185 countries by total size, with a debt-to-GDP ratio of 58.2%, ranking 88th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1950 | 22.8% | 6.24% | -3.66% |
| 1951 | 21.1% | 4.41% | -2.58% |
| 1952 | 15.9% | - | 0% |
| 1953 | 20% | 4.78% | 2.79% |
| 1954 | 19% | - | 1.43% |
| 1955 | 21.5% | 4.24% | 1.47% |
| 1956 | 21.7% | - | -0.05% |
| 1957 | 21.5% | - | 0.21% |
| 1958 | 21.9% | - | -1.29% |
| 1959 | 22.1% | - | -0.29% |
| 1960 | 20.1% | - | -0.61% |
| 1961 | 20% | - | -3% |
| 1962 | 15.7% | - | -1.17% |
| 1963 | 15.1% | - | -0.39% |
| 1964 | 16.7% | - | -1.36% |
| 1965 | 12.8% | - | -1.84% |
| 1966 | 15.2% | 14.5% | -2.14% |
| 1967 | 15% | 16.2% | -1.68% |
| 1968 | 15.5% | 18.1% | -0.99% |
| 1969 | 15.5% | 17.4% | -0.99% |
| 1970 | 13.3% | 18% | -0.68% |
| 1971 | 13.8% | 17.8% | -0.85% |
| 1972 | 14.1% | 16.4% | -1.73% |
| 1973 | 13.7% | 14.6% | -0.53% |
| 1974 | 14.6% | 14.6% | -0.93% |
| 1975 | 13.7% | 13.1% | 1.37% |
| 1976 | 12.5% | 15.6% | -0.22% |
| 1977 | 11.4% | 16.4% | 0.15% |
| 1978 | 12.3% | 20.9% | -0.82% |
| 1979 | 13.8% | 24% | -3.26% |
| 1980 | 12.8% | 15.2% | -1.82% |
| 1981 | 12.1% | 29.8% | -1.92% |
| 1982 | 10.2% | 33.1% | -2.4% |
| 1983 | 10.2% | 32.9% | -1.74% |
| 1984 | 9.32% | 28.9% | -0.95% |
| 1985 | 9.8% | 66.3% | -1.27% |
| 1986 | 10.4% | 63.8% | -0.57% |
| 1987 | 11.2% | 86.9% | -0.75% |
| 1988 | 12.8% | 77% | -1.68% |
| 1989 | 11.3% | 62.5% | -0.09% |
| 1990 | 9.1% | 84.7% | 0.39% |
| 1991 | 8.65% | 47.3% | 0.11% |
| 1992 | 10.4% | 38.5% | 2.35% |
| 1993 | 13% | 36.1% | -0.16% |
| 1994 | 12.1% | 28.5% | -0.39% |
| 1995 | 11% | 25.7% | 0.82% |
| 1996 | 11.4% | 23% | 0.14% |
| 1997 | 13.2% | 13.8% | -0.64% |
| 1998 | 12.6% | 13.2% | -0.29% |
| 1999 | 13.4% | 16% | -0.79% |
| 2000 | 14.1% | 16.7% | -0.86% |
| 2001 | 14.9% | 20.4% | -0.73% |
| 2002 | 16.5% | 21.5% | -2.28% |
| 2003 | 17.2% | 48.2% | -4.24% |
| 2004 | 17.3% | 34.3% | -3.6% |
| 2005 | 15.5% | 38.3% | -0.71% |
| 2006 | 17% | 36% | -1.69% |
| 2007 | 16.3% | 32.9% | 0.28% |
| 2008 | 18.5% | 33.6% | -3.43% |
| 2009 | 16.2% | 36.8% | -2.9% |
| 2010 | 16.1% | 37.4% | -2.97% |
| 2011 | 16% | 39.1% | -3.07% |
| 2012 | 19.8% | 42.4% | -6.26% |
| 2013 | 18.5% | 46.8% | -4.41% |
| 2014 | 17% | 45% | -2.76% |
| 2015 | 16.7% | 44.8% | -0.03% |
| 2016 | 17% | 46.7% | -3.11% |
| 2017 | 17.3% | 49.5% | -3.12% |
| 2018 | 16.5% | 50.8% | -2.17% |
| 2019 | 17.8% | 53.5% | -3.46% |
| 2020 | 22.2% | 71.8% | -7.94% |
| 2021 | 18.4% | 62.8% | -2.92% |
| 2022 | 18.5% | 59.6% | -3.25% |
| 2023 | 19.1% | 60.5% | -3.28% |
| 2024 | 19.5% | 58.8% | -3.09% |
| 2025 | 18.5% | 58.2% | -3.16% |
Inflation rate by year
Over the past 20 years, the Dominican Republic has had an average annual inflation rate of 4.68%. In 2024, inflation was 3.3%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1960 | -3.56% |
| 1961 | -3.9% |
| 1962 | 9.16% |
| 1963 | 8.58% |
| 1964 | 2.11% |
| 1965 | -1.89% |
| 1966 | 0.26% |
| 1967 | 1.24% |
| 1968 | 0.04% |
| 1969 | 0.96% |
| 1970 | 3.82% |
| 1971 | 3.58% |
| 1972 | 8.64% |
| 1973 | 15.1% |
| 1974 | 13.1% |
| 1975 | 14.5% |
| 1976 | 7.77% |
| 1977 | 12.9% |
| 1978 | 3.48% |
| 1979 | 9.17% |
| 1980 | 16.8% |
| 1981 | 7.51% |
| 1982 | 7.65% |
| 1983 | 5.63% |
| 1984 | 20.2% |
| 1985 | 45.3% |
| 1986 | 7.64% |
| 1987 | 13.6% |
| 1988 | 43.9% |
| 1989 | 40.7% |
| 1990 | 50.5% |
| 1991 | 47.1% |
| 1992 | 4.26% |
| 1993 | 5.25% |
| 1994 | 8.26% |
| 1995 | 12.5% |
| 1996 | 5.4% |
| 1997 | 8.3% |
| 1998 | 4.83% |
| 1999 | 6.47% |
| 2000 | 7.72% |
| 2001 | 8.88% |
| 2002 | 5.22% |
| 2003 | 27.4% |
| 2004 | 51.5% |
| 2005 | 4.19% |
| 2006 | 7.57% |
| 2007 | 6.14% |
| 2008 | 10.6% |
| 2009 | 1.44% |
| 2010 | 6.33% |
| 2011 | 5.8% |
| 2012 | 3.69% |
| 2013 | 4.83% |
| 2014 | 3% |
| 2015 | 0.84% |
| 2016 | 1.61% |
| 2017 | 3.28% |
| 2018 | 3.56% |
| 2019 | 1.81% |
| 2020 | 3.78% |
| 2021 | 8.24% |
| 2022 | 8.81% |
| 2023 | 4.79% |
| 2024 | 3.3% |
Balance of trade
|
Dominican Republic
|
Rank | |
|---|---|---|
Current account balance
|
-$4.17B
2024 |
160/189 |
| Current account balance, % of GDP |
-3.35%
2024 |
118/189 |
| Goods imports |
$29.8B
2024 |
68/188 |
| Goods exports |
$13.9B
2024 |
85/188 |
| Service imports |
$6.34B
2024 |
82/188 |
| Service exports |
$14.7B
2024 |
58/188 |
| Imports of goods and services, % of GDP |
29%
2024 |
136/180 |
| Exports of goods and services, % of GDP |
22.8%
2024 |
137/193 |
The Dominican Republic's top 10 trading partners
The Dominican Republic's biggest trading partner accounting for 45.1%% of all exports and imports is the United States, with a trade balance between the two of -$5.26B — the Dominican Republic exports $7.62B worth of goods and services to the United States and imports $12.9B.
Below is the list of the top 10 trade partners of the Dominican Republic.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$20.5B | 45.1% | $7.62B | $12.9B | Machinery & equipment | Raw materials & minerals |
| 2 |
China
|
$6.36B | 14% | $368M | $5.99B | Raw materials & minerals | Machinery & equipment |
| 3 |
Spain
|
$1.46B | 3.21% | $130M | $1.33B | Processed food, beverages & tobacco | Machinery & equipment |
| 4 |
Mexico
|
$1.31B | 2.89% | $63M | $1.25B | Processed food, beverages & tobacco | Machinery & equipment |
| 5 |
Brazil
|
$1.24B | 2.73% | $39.8M | $1.2B | Chemicals & pharma | Raw agricultural goods |
| 6 |
India
|
$1.16B | 2.55% | $685M | $473M | Precious metals & jewellery | Chemicals & pharma |
| 7 |
Italy
|
$949M | 2.09% | $71M | $878M | Raw materials & minerals | Precious metals & jewellery |
| 8 |
Haiti
|
$910M | 2% | $896M | $14.5M | Textiles & consumer goods | Textiles & consumer goods |
| 9 |
Colombia
|
$908M | 2% | $68.3M | $839M | Chemicals & pharma | Textiles & consumer goods |
| 10 |
Switzerland
|
$865M | 1.9% | $750M | $115M | Precious metals & jewellery | Chemicals & pharma |
Dominican Republic's top 10 exports
|
Dominican Republic
|
Rank | |
|---|---|---|
| Transport & tourism services | $10.9B | 46/188 |
| Machinery & equipment | $3.32B | 61/193 |
| Processed food, beverages & tobacco | $2.63B | 53/192 |
| Precious metals & jewellery | $2.3B | 44/190 |
| Business & finance services | $1.61B | 68/188 |
| Chemicals & pharma | $1.5B | 65/193 |
| Textiles & consumer goods | $1.27B | 72/193 |
| Raw agricultural goods | $586M | 84/193 |
| Metals | $531M | 86/192 |
| Raw materials & minerals | $412M | 127/193 |
Dominican Republic's top 10 imports
|
Dominican Republic
|
Rank | |
|---|---|---|
| Machinery & equipment | $8.58B | 71/193 |
| Raw materials & minerals | $6.23B | 65/193 |
| Chemicals & pharma | $4.81B | 65/193 |
| Transport & tourism services | $3.89B | 72/188 |
| Processed food, beverages & tobacco | $2.94B | 61/193 |
| Textiles & consumer goods | $2.76B | 68/193 |
| Metals | $2.33B | 70/193 |
| Raw agricultural goods | $1.51B | 67/193 |
| Animal & marine products | $1.34B | 49/193 |
| Business & finance services | $1.26B | 81/188 |
Economic freedom indices
|
Dominican Republic
|
Rank | |
|---|---|---|
| Economic freedom | 64.3 | 72/197 |
| Property rights | 56.3 | 78/182 |
| Government integrity | 38.5 | 78/182 |
| Judicial effectiveness | 58.2 | 78/182 |
| Tax burden | 84.6 | 61/181 |
| Government spending | 89.5 | 25/180 |
| Fiscal health | 77 | 77/181 |
| Business freedom | 75.6 | 50/182 |
| Labor freedom | 53.1 | 130/182 |
| Monetary freedom | 69.4 | 112/180 |
| Trade freedom | 68.8 | 104/181 |
| Investment freedom | 60 | 67/181 |
| Financial freedom | 40 | 110/181 |
Dominican Republic's economic freedom by year
The Dominican Republic is ranked 65/180 for economic freedom with a score of 64.3, compared to 103/163 and a score of 55.1 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 55.8 | - | 84.3 | 95.3 | - |
| 1996 | 58.1 | - | 85.4 | 89.3 | - |
| 1997 | 53.5 | - | 85.7 | 89.6 | - |
| 1998 | 58.1 | - | 85.7 | 91.8 | - |
| 1999 | 58.1 | - | 85.8 | 91.2 | - |
| 2000 | 59 | - | 85.3 | 93.3 | - |
| 2001 | 59.1 | - | 85.3 | 93.3 | - |
| 2002 | 58.6 | - | 85.3 | 93.3 | - |
| 2003 | 57.8 | - | 85.3 | 93.5 | - |
| 2004 | 54.6 | - | 85 | 92.8 | - |
| 2005 | 55.1 | - | 84.9 | 89.7 | - |
| 2006 | 56.3 | - | 85.4 | 90.1 | - |
| 2007 | 56.8 | - | 79.7 | 90.2 | - |
| 2008 | 57.7 | - | 80.4 | 88.8 | - |
| 2009 | 59.2 | - | 85.2 | 91.1 | - |
| 2010 | 60.3 | - | 85.3 | 90.2 | - |
| 2011 | 60 | - | 85.3 | 89.1 | - |
| 2012 | 60.2 | - | 85.8 | 91.4 | - |
| 2013 | 59.7 | - | 83.7 | 92.6 | - |
| 2014 | 61.3 | - | 83.7 | 92.3 | - |
| 2015 | 61 | - | 84.1 | 87.1 | - |
| 2016 | 61 | - | 84.5 | 90.2 | - |
| 2017 | 62.9 | 25.3 | 84.6 | 90.2 | 90.1 |
| 2018 | 61.6 | 23.1 | 84.6 | 90.6 | 90.5 |
| 2019 | 61 | 18.1 | 84.6 | 90.3 | 89.9 |
| 2020 | 60.9 | 18.2 | 84.5 | 90.5 | 82.4 |
| 2021 | 62.1 | 28.8 | 84.6 | 91.7 | 84.4 |
| 2022 | 63 | 55.9 | 84.6 | 89.9 | 66.8 |
| 2023 | 62.6 | 33.2 | 84.9 | 89.1 | 61.9 |
| 2024 | 62.9 | 58.6 | 84.4 | 88.3 | 57.6 |
| 2025 | 64.3 | 58.2 | 84.6 | 89.5 | 77 |
More economic indicators
|
Dominican Republic
|
Rank | |
|---|---|---|
| Services, % of GDP |
59.8%
2024 |
76/191 |
| Industry, % of GDP |
28.7%
2024 |
66/194 |
| Agriculture, forestry, and fishing, % of GDP |
4.45%
2024 |
112/193 |
|
GNI, Atlas method
|
$117B
2024 |
64/194 |
| GNI per capita, PPP |
$26,050
2024 |
72/191 |
| Total reserves including gold |
$13.5B
2024 |
71/177 |
|
Net foreign direct investment
|
-$4.52B
2024 |
161/188 |
|
Net inflows of foreign direct investment
|
$4.48B
2024 |
46/193 |
|
Net outflows of foreign direct investment
|
-$47.3M
2024 |
175/187 |
|
Servicing debt to the IMF, % of GNI
|
4.46%
2023 |
51/119 |
| Poverty at national poverty lines |
19%
2024 |
107/176 |
|
Gross capital formation, % of GDP
|
27%
2024 |
49/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Dominican Republic topic pages:
Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.