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Economy of Dominican Republic vs East Timor compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $1.87B for East Timor, ranking 63/197 and 181/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $249M (13.3% of GDP) in East Timor.

Dominican Republic vs East Timor GDP by year

Dominican Republic
East Timor
1x
Year GDP, current $
Dominican Republic East Timor
2024 $124,282,245,639 $1,865,608,515
2023 $120,456,239,154 $2,079,767,170
2022 $113,478,087,135 $3,208,599,889
2021 $94,850,719,517 $3,625,024,341
2020 $78,546,672,407 $2,162,619,241
2019 $89,146,130,745 $2,032,550,389
2018 $84,994,732,049 $1,555,988,614
2017 $79,070,274,743 $1,584,878,440
2016 $75,552,902,636 $1,640,464,612
2015 $70,966,782,572 $1,590,282,371
2014 $67,014,329,100 $1,447,535,183
2013 $62,555,417,415 $1,395,727,421
2012 $60,561,635,556 $1,160,555,040
2011 $57,948,261,616 $1,042,534,598
2010 $53,801,053,353 $881,909,347
2009 $48,223,781,477 $726,937,836
2008 $48,091,433,554 $648,523,571
2007 $43,965,458,509 $542,795,447
2006 $37,879,830,084 $453,792,415
2005 $35,777,560,684 $462,267,954
2004 $22,322,387,382 $440,771,962
2003 $21,403,167,848 $490,439,116
2002 $27,137,440,786 $469,455,491
2001 $25,601,823,688 $477,359,253
2000 $24,305,780,629 $366,924,277
1999 $22,136,579,397 $225,357,600
1998 $21,672,215,547 $325,729,800
1997 $20,017,450,041 $319,972,700
1996 $18,241,622,548 $306,956,900
1995 $16,637,370,839 $262,819,900
1994 $14,644,734,599 $239,040,500
1993 $13,081,042,400 $216,914,400
1992 $11,605,382,504 $187,891,500
1991 $9,824,483,340 $147,713,000
1990 $7,073,675,545 $128,210,142
1989 $6,686,593,060 -
1988 $5,374,299,981 -
1987 $5,827,050,753 -
1986 $6,122,128,558 -
1985 $5,044,579,979 -
1984 $11,594,000,000 -
1983 $9,220,600,000 -
1982 $8,267,400,000 -
1981 $7,561,300,000 -
1980 $6,761,300,000 -
1979 $5,498,800,000 -
1978 $4,734,400,000 -
1977 $4,587,100,000 -
1976 $3,951,500,000 -
1975 $3,599,200,000 -
1974 $2,925,700,000 -
1973 $2,344,800,000 -
1972 $1,987,400,000 -
1971 $1,666,500,000 -
1970 $1,485,500,000 -
1969 $1,230,500,000 -
1968 $1,079,100,000 -
1967 $1,034,800,000 -
1966 $983,900,000 -
1965 $888,100,000 -
1964 $1,025,599,900 -
1963 $940,799,900 -
1962 $824,100,000 -
1961 $654,100,200 -
1960 $672,399,700 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

GDP per capita in Dominican Republic vs East Timor by year

Dominican Republic
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $1,332 $4,423
2023 $10,630 $25,840 $1,502 $4,807
2022 $10,104 $24,626 $2,343 $5,730
2021 $8,527 $22,053 $2,685 $6,825
2020 $7,135 $18,998 $1,631 $6,132
2019 $8,183 $19,767 $1,562 $4,557
2018 $7,883 $17,995 $1,219 $3,561
2017 $7,413 $16,846 $1,266 $3,463
2016 $7,160 $16,282 $1,336 $3,391
2015 $6,801 $14,804 $1,320 $3,108
2014 $6,496 $13,465 $1,225 $2,860
2013 $6,137 $12,414 $1,205 $2,566
2012 $6,014 $11,777 $1,023 $2,386
2011 $5,827 $11,695 $939 $2,066
2010 $5,479 $11,246 $813 $1,955
2009 $4,974 $10,382 $687 $1,810
2008 $5,024 $10,346 $628 $1,675
2007 $4,650 $9,951 $540 $1,516
2006 $4,055 $9,130 $465 $1,377
2005 $3,878 $8,215 $487 $1,435
2004 $2,452 $7,375 $474 $1,379
2003 $2,383 $7,098 $535 $1,355
2002 $3,066 $7,158 $534 $1,417
2001 $2,936 $6,848 $588 $1,619
2000 $2,831 $6,639 $492 $1,483
1999 $2,621 $6,305 $270 $819
1998 $2,608 $5,963 $346 $1,108
1997 $2,449 $5,618 $349 $1,149
1996 $2,271 $5,161 $344 $1,116
1995 $2,109 $4,871 $303 $1,043
1994 $1,892 $4,599 $283.1 $985
1993 $1,722 $4,474 $264.1 $925
1992 $1,558 $4,151 $235.1 $843
1991 $1,346 $3,722 $189.8 $766
1990 $989 $3,641 $168.6 $685
1989 $955 - - -
1988 $784 - - -
1987 $868 - - -
1986 $932 - - -
1985 $784 - - -
1984 $1,844 - - -
1983 $1,500 - - -
1982 $1,376 - - -
1981 $1,288 - - -
1980 $1,180 - - -
1979 $984 - - -
1978 $868 - - -
1977 $863 - - -
1976 $763 - - -
1975 $713 - - -
1974 $595 - - -
1973 $490 - - -
1972 $427 - - -
1971 $368 - - -
1970 $338 - - -
1969 $287.7 - - -
1968 $259.6 - - -
1967 $256.2 - - -
1966 $250.9 - - -
1965 $233.2 - - -
1964 $277.3 - - -
1963 $262.2 - - -
1962 $236.8 - - -
1961 $193.9 - - -
1960 $205.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $1,332 in East Timor, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while East Timor ranks 163rd at $4,423.

Economic indicators

Dominican Republic East Timor
Gross domestic product
$124B
2024
$1.87B
2024
GDP rank
63/197
2024
181/197
2024
GDP growth
4.95%
2023-2024
-9.1%
2023-2024
GDP per capita
$10,876
2024
$1,332
2024
GDP per capita rank
83/197
2024
167/197
2024
GDP per capita, PPP
$27,542
2024
$4,423
2024
GDP per capita PPP rank
76/197
2024
163/197
2024
Government debt
$73.1B
2024
$249M
2024
Debt-to-GDP ratio
58.8%
2024
13.3%
2024
Government debt per person
$6,394
2024
$177.5
2024
Government debt per person rank
71/185
2024
182/185
2024
Average annual personal income after taxes
$6,547
2026
$1,440
2026
Income share by richest 10%
29.5%
2024
24%
2014
Income share by poorest 10%
2.3%
2024
4%
2014
Government expenditure, % of GDP
19.5%
2024
90.8%
2024
Consumer prices inflation
3.3%
2023-2024
2.1%
2023-2024
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
1.54%
2022
Population
11637906
1441764

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Dominican Republic East Timor
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 90.8% 13.3%
2023 19.1% 60.5% 78.6% 12.4%
2022 18.5% 59.6% 59.9% 7.9%
2021 18.4% 62.8% 45.7% 6.53%
2020 22.2% 71.8% 61.7% 10.1%
2019 17.8% 53.5% 68.8% 9.51%
2018 16.5% 50.8% 85.5% 9.31%
2017 17.3% 49.5% 87.3% 6.71%
2016 17% 46.7% 112.2% 4.71%
2015 16.7% 44.8% 98.1% 2.95%
2014 17% 45% 111% 1.52%
2013 18.5% 46.8% 96.1% 0.46%
2012 19.8% 42.4% 129.3% 0.002%
2011 16% 39.1% 133.3% 0%
2010 16.1% 37.4% 121.3% 0%
2009 16.2% 36.8% 121.8% 0%
2008 18.5% 33.6% 122.4% 0%
2007 16.3% 32.9% 75.8% 0%
2006 17% 36% 59.8% 0%
2005 15.5% 38.3% 58.3% 0%
2004 17.3% 34.3% 74.2% 0%
2003 17.2% 48.2% 80.1% 0%
2002 16.5% 21.5% 93.5% 0%
2001 14.9% 20.4% 95.7% 0%
2000 14.1% 16.7% - -
1999 13.4% 16% - -
1998 12.6% 13.2% - -
1997 13.2% 13.8% - -
1996 11.4% 23% - -
1995 11% 25.7% - -
1994 12.1% 28.5% - -
1993 13% 36.1% - -
1992 10.4% 38.5% - -
1991 8.65% 47.3% - -
1990 9.1% 84.7% - -
1989 11.3% 62.5% - -
1988 12.8% 77% - -
1987 11.2% 86.9% - -
1986 10.4% 63.8% - -
1985 9.8% 66.3% - -
1984 9.32% 28.9% - -
1983 10.2% 32.9% - -
1982 10.2% 33.1% - -
1981 12.1% 29.8% - -
1980 12.8% 15.2% - -
1979 13.8% 24% - -
1978 12.3% 20.9% - -
1977 11.4% 16.4% - -
1976 12.5% 15.6% - -
1975 13.7% 13.1% - -
1974 14.6% 14.6% - -
1973 13.7% 14.6% - -
1972 14.1% 16.4% - -
1971 13.8% 17.8% - -
1970 13.3% 18% - -
1969 15.5% 17.4% - -
1968 15.5% 18.1% - -
1967 15% 16.2% - -
1966 15.2% 14.5% - -
1965 12.8% - - -
1964 16.7% - - -
1963 15.1% - - -
1962 15.7% - - -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while East Timor spent $1.69B, or 90.8% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 13.3% in East Timor, ranking 83/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

East Timor
1x
Year Deficit/surplus, % of GDP
Dominican Republic East Timor
2024 -3.09% -43.5%
2023 -3.28% -34.7%
2022 -3.25% -29.5%
2021 -2.92% -20.1%
2020 -7.94% -18.9%
2019 -3.46% -25.4%
2018 -2.17% -26.9%
2017 -3.12% -33.8%
2016 -3.11% -55.7%
2015 -0.03% -33.2%
2014 -2.76% -37.5%
2013 -4.41% -14.4%
2012 -6.26% -38.7%
2011 -3.07% -25.4%
2010 -2.97% -19.8%
2009 -2.9% -17.2%
2008 -3.43% -18.6%
2007 0.28% -29.9%
2006 -1.69% 41%
2005 -0.71% -10.5%
2004 -3.6% -7.48%
2003 -4.24% -8.24%
2002 -2.28% -7.64%
2001 -0.73% 3.24%
2000 -0.86% -
1999 -0.79% -
1998 -0.29% -
1997 -0.64% -
1996 0.14% -
1995 0.82% -
1994 -0.39% -
1993 -0.16% -
1992 2.35% -
1991 0.11% -
1990 0.39% -
1989 -0.09% -
1988 -1.68% -
1987 -0.75% -
1986 -0.57% -
1985 -1.27% -
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -
1981 -1.92% -
1980 -1.82% -
1979 -3.26% -
1978 -0.82% -
1977 0.15% -
1976 -0.22% -
1975 1.37% -
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -
1969 -0.99% -
1968 -0.99% -
1967 -1.68% -
1966 -2.14% -
1965 -1.84% -
1964 -1.36% -
1963 -0.39% -
1962 -1.17% -
1961 -3% -
1960 -0.61% -
1959 -0.29% -
1958 -1.29% -
1957 0.21% -
1956 -0.05% -
1955 1.47% -
1954 1.43% -
1953 2.79% -
1952 0% -
1951 -2.58% -
1950 -3.66% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

In 2024, the Dominican Republic's government deficit, the difference between spending and revenue, was $3.84B, equivalent to 3.09% of GDP. This compares to East Timor's deficit of $812M, or 43.5% of GDP.

Over the past 24 years, the Dominican Republic recorded a fiscal deficit in 23 of those years, while East Timor ran a deficit in 22 years. On average, the Dominican Republic posted an annual deficit equal to 2.96% of GDP, compared to deficit of 21.4% of GDP for East Timor.

Inflation comparison by year

Inflation
Dominican Republic

East Timor
1x
Year Consumer prices inflation
Dominican Republic East Timor
2024 3.3% 2.1%
2023 4.79% 8.4%
2022 8.81% 7%
2021 8.24% 3.8%
2020 3.78% 0.5%
2019 1.81% 0.9%
2018 3.56% 2.3%
2017 3.28% 0.5%
2016 1.61% -1.5%
2015 0.84% 0.6%
2014 3% 0.8%
2013 4.83% 9.5%
2012 3.69% 10.9%
2011 5.8% 13.2%
2010 6.33% 5.2%
2009 1.44% -0.2%
2008 10.6% 7.4%
2007 6.14% 8.6%
2006 7.57% 5.2%
2005 4.19% 1.6%
2004 51.5% 2.2%
2003 27.4% 8%
2002 5.22% 4.1%
2001 8.88% 3.6%
2000 7.72% -
1999 6.47% -
1998 4.83% -
1997 8.3% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

Over the past 24 years, the Dominican Republic has recorded an average annual inflation rate of 7.78%, compared with 4.36% in East Timor. In 2024, inflation was 3.3% in the Dominican Republic and 2.1% in East Timor.

Top exports between countries

Dominican Republic
Export category Export value
Machinery & equipment $6K
East Timor
Export category Export value
Machinery & equipment $2K

Balance of trade

Dominican Republic East Timor
Current account balance
-$4.17B
2024
-$587M
2024
Current account balance ranking
163/190
2024
108/190
2024
Current account balance, % of GDP
-3.35%
2024
-31.5%
2024
Goods imports
$29.8B
2024
$839M
2024
Goods exports
$13.9B
2024
$196M
2024
Service imports
$6.34B
2024
$432M
2024
Service exports
$14.7B
2024
$82.1M
2024
Imports of goods and services, % of GDP
29%
2024
84.9%
2024
Exports of goods and services, % of GDP
22.8%
2024
10.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Dominican Republic East Timor
Economic freedom 63.8 47.9
Economic freedom ranking 77/197 173/197
Property rights 53.9 43.5
Government integrity 39.8 43.9
Judicial effectiveness 58 34.5
Tax burden 84.4 97.1
Government spending 89.1 0
Fiscal health 76.6 19.6
Business freedom 71.4 62.7
Labor freedom 53.2 56.5
Monetary freedom 72.1 72.2
Trade freedom 67.4 79.8
Investment freedom 60 45
Financial freedom 40 20

Economic freedom comparison by year

Dominican Republic
East Timor
1x
Year Economic freedom index
Dominican Republic East Timor
2026 63.8 47.9
2025 64.3 47.9
2024 62.9 50.2
2023 62.6 47.2
2022 63 46.3
2021 62.1 44.7
2020 60.9 45.9
2019 61 44.2
2018 61.6 48.1
2017 62.9 46.3
2016 61 45.8
2015 61 45.5
2014 61.3 43.2
2013 59.7 43.7
2012 60.2 43.3
2011 60 42.8
2010 60.3 45.8
2009 59.2 50.5
2008 57.7 -
2007 56.8 -
2006 56.3 -
2005 55.1 -
2004 54.6 -
2003 57.8 -
2002 58.6 -
2001 59.1 -
2000 59 -
1999 58.1 -
1998 58.1 -
1997 53.5 -
1996 58.1 -
1995 55.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic East Timor
Services, % of GDP
59.8%
2024
71.6%
2024
Industry, % of GDP
28.7%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
20.2%
2024
GNI, Atlas method
$117B
2024
$2.31B
2024
GNI per capita, PPP
$26,050
2024
$5,040
2024
Total reserves including gold
$13.5B
2024
$737M
2024
Total reserves ranking
71/177
2024
147/177
2024
Net foreign direct investment
-$4.52B
2024
-$211M
2024
Net inflows of foreign direct investment
$4.48B
2024
$216M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
1.23%
2024
Poverty at national poverty lines
19%
2024
41.8%
2014
Gross capital formation, % of GDP
27%
2024
30.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/dominican-republic/east-timor | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.