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Economy of Dominican Republic vs Eritrea compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $2.07B for Eritrea, ranking 63/197 and 179/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $3.54B (260.4% of GDP) in Eritrea.

Dominican Republic vs Eritrea GDP by year

Dominican Republic
Eritrea
1x
Year GDP, current $
Dominican Republic Eritrea
2024 $124,282,245,639 -
2023 $120,456,239,154 -
2022 $113,478,087,135 -
2021 $94,850,719,517 -
2020 $78,546,672,407 -
2019 $89,146,130,745 -
2018 $84,994,732,049 -
2017 $79,070,274,743 -
2016 $75,552,902,636 -
2015 $70,966,782,572 -
2014 $67,014,329,100 -
2013 $62,555,417,415 -
2012 $60,561,635,556 -
2011 $57,948,261,616 $2,065,001,626
2010 $53,801,053,353 $1,589,515,447
2009 $48,223,781,477 $1,856,695,551
2008 $48,091,433,554 $1,380,188,800
2007 $43,965,458,509 $1,317,974,491
2006 $37,879,830,084 $1,211,161,880
2005 $35,777,560,684 $1,098,424,686
2004 $22,322,387,382 $1,109,054,005
2003 $21,403,167,848 $870,248,268
2002 $27,137,440,786 $729,321,680
2001 $25,601,823,688 $752,371,689
2000 $24,305,780,629 $706,370,816
1999 $22,136,579,397 $688,918,537
1998 $21,672,215,547 $745,523,117
1997 $20,017,450,041 $686,490,090
1996 $18,241,622,548 $693,535,954
1995 $16,637,370,839 $578,015,625
1994 $14,644,734,599 $531,688,312
1993 $13,081,042,400 $467,872,715
1992 $11,605,382,504 $477,101,652
1991 $9,824,483,340 -
1990 $7,073,675,545 -
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/eritrea | CC BY

GDP per capita in Dominican Republic vs Eritrea by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Eritrea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Eritrea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 - -
2023 $10,630 $25,840 - -
2022 $10,104 $24,626 - -
2021 $8,527 $22,053 - -
2020 $7,135 $18,998 - -
2019 $8,183 $19,767 - -
2018 $7,883 $17,995 - -
2017 $7,413 $16,846 - -
2016 $7,160 $16,282 - -
2015 $6,801 $14,804 - -
2014 $6,496 $13,465 - -
2013 $6,137 $12,414 - -
2012 $6,014 $11,777 - -
2011 $5,827 $11,695 $689 $1,742
2010 $5,479 $11,246 $540 $1,599
2009 $4,974 $10,382 $643 $1,577
2008 $5,024 $10,346 $490 $1,547
2007 $4,650 $9,951 $480 $1,727
2006 $4,055 $9,130 $448 $1,682
2005 $3,878 $8,215 $413 $1,674
2004 $2,452 $7,375 $427 $1,621
2003 $2,383 $7,098 $349 $1,621
2002 $3,066 $7,158 $305 $1,702
2001 $2,936 $6,848 $325 $1,684
2000 $2,831 $6,639 $314 $1,558
1999 $2,621 $6,305 $311 $1,597
1998 $2,608 $5,963 $342 $1,598
1997 $2,449 $5,618 $319 $1,573
1996 $2,271 $5,161 $326 $1,449
1995 $2,109 $4,871 $285.4 $1,369
1994 $1,892 $4,599 $277.8 $1,379
1993 $1,722 $4,474 $252.1 $1,149
1992 $1,558 $4,151 $265.2 $1,021
1991 $1,346 $3,722 - -
1990 $989 $3,641 - -
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/eritrea | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $689 in Eritrea, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Eritrea ranks 191st at $1,742.

Economic indicators

Dominican Republic Eritrea
Gross domestic product
$124B
2024
$2.07B
2011
GDP rank
63/197
2024
179/197
2011
GDP growth
4.95%
2023-2024
8.68%
2010-2011
GDP per capita
$10,876
2024
$689
2011
GDP per capita rank
83/197
2024
188/197
2011
GDP per capita, PPP
$27,542
2024
$1,742
2011
GDP per capita PPP rank
76/197
2024
191/197
2011
Government debt
$73.1B
2024
$3.54B
2011
Debt-to-GDP ratio
58.8%
2024
260.4%
2019
Government debt per person
$6,394
2024
$1,182
2011
Government debt per person rank
71/185
2024
136/185
2011
Average annual personal income after taxes
$6,547
2026
$1,129
2026
Income share by richest 10%
29.5%
2024
n/a
Income share by poorest 10%
2.3%
2024
n/a
Government expenditure, % of GDP
19.5%
2024
31.3%
2019
Consumer prices inflation
3.3%
2023-2024
1.3%
2018-2019
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
5.8%
2017
Population
11637906
3700586

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Eritrea
Spending

Debt
1x
Year % of GDP
Dominican Republic Eritrea
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% - -
2023 19.1% 60.5% - -
2022 18.5% 59.6% - -
2021 18.4% 62.8% - -
2020 22.2% 71.8% - -
2019 17.8% 53.5% 31.3% 260.4%
2018 16.5% 50.8% 26.4% 267.1%
2017 17.3% 49.5% 42.5% 290.4%
2016 17% 46.7% 30.9% 251.2%
2015 16.7% 44.8% 31.1% 271.4%
2014 17% 45% 21.6% 204.5%
2013 18.5% 46.8% 32.7% 232.4%
2012 19.8% 42.4% 33.3% 171.6%
2011 16% 39.1% 32.3% 171.6%
2010 16.1% 37.4% 42.4% 201.8%
2009 16.2% 36.8% 44.9% 207.1%
2008 18.5% 33.6% 69.4% 259.7%
2007 16.3% 32.9% 51.2% 201.3%
2006 17% 36% 50.5% 199%
2005 15.5% 38.3% 76.6% 205.4%
2004 17.3% 34.3% 57.1% 193.5%
2003 17.2% 48.2% 58.1% 264%
2002 16.5% 21.5% 60.1% 243.4%
2001 14.9% 20.4% 59.5% 238.6%
2000 14.1% 16.7% 84.7% 219.1%
1999 13.4% 16% 106.1% -
1998 12.6% 13.2% 88% -
1997 13.2% 13.8% 60.1% -
1996 11.4% 23% 68.6% -
1995 11% 25.7% 81.2% -
1994 12.1% 28.5% 50.4% -
1993 13% 36.1% 67.2% -
1992 10.4% 38.5% 32.7% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/eritrea | CC BY

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Eritrea spent $666M, or 31.3% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 260.4% in Eritrea, ranking 83/185 and 2/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Eritrea
1x
Year Deficit/surplus, % of GDP
Dominican Republic Eritrea
2024 -3.09% -
2023 -3.28% -
2022 -3.25% -
2021 -2.92% -
2020 -7.94% -
2019 -3.46% 2.72%
2018 -2.17% 5.22%
2017 -3.12% -5.74%
2016 -3.11% -1.44%
2015 -0.03% -2.77%
2014 -2.76% -0.12%
2013 -4.41% -7.62%
2012 -6.26% -5.21%
2011 -3.07% -5.5%
2010 -2.97% -16.5%
2009 -2.9% -22.2%
2008 -3.43% -38%
2007 0.28% -19.8%
2006 -1.69% -15.5%
2005 -0.71% -31%
2004 -3.6% -7.65%
2003 -4.24% 6.23%
2002 -2.28% -13.3%
2001 -0.73% -9.62%
2000 -0.86% -25.4%
1999 -0.79% -59.7%
1998 -0.29% -40.3%
1997 -0.64% -5.65%
1996 0.14% -18.4%
1995 0.82% -22.9%
1994 -0.39% 8.69%
1993 -0.16% 4.22%
1992 2.35% 6.85%
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/eritrea | CC BY

In 2011, the Dominican Republic's government deficit, the difference between spending and revenue, was $1.78B, equivalent to 3.07% of GDP. This compares to Eritrea's deficit of $114M, or 5.5% of GDP.

Over the past 20 years, the Dominican Republic recorded a fiscal deficit in 16 of those years, while Eritrea ran a deficit in 16 years. On average, the Dominican Republic posted an annual deficit equal to 1.26% of GDP, compared to deficit of 16.3% of GDP for Eritrea.

Inflation comparison by year

Inflation
Dominican Republic

Eritrea
1x
Year Consumer prices inflation
Dominican Republic Eritrea
2024 3.3% -
2023 4.79% -
2022 8.81% -
2021 8.24% -
2020 3.78% -
2019 1.81% 1.3%
2018 3.56% -14.4%
2017 3.28% -13.3%
2016 1.61% -5.6%
2015 0.84% 28.5%
2014 3% 8.4%
2013 4.83% 6.3%
2012 3.69% 6%
2011 5.8% 5.9%
2010 6.33% 10.3%
2009 1.44% 33.9%
2008 10.6% 22.2%
2007 6.14% 9.4%
2006 7.57% 7.7%
2005 4.19% 12.5%
2004 51.5% 25.1%
2003 27.4% 22.7%
2002 5.22% 16.9%
2001 8.88% 14.6%
2000 7.72% 19.9%
1999 6.47% 8.4%
1998 4.83% 9.5%
1997 8.3% 3.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/eritrea | CC BY

Over the past 23 years, the Dominican Republic has recorded an average annual inflation rate of 8.05%, compared with 10.4% in Eritrea. In 2019, inflation was 3.3% in the Dominican Republic and 1.3% in Eritrea.

Balance of trade

Dominican Republic Eritrea
Current account balance
-$4.17B
2024
-$105M
2000
Current account balance ranking
163/190
2024
89/190
2000
Current account balance, % of GDP
-3.35%
2024
-14.8%
2000
Goods imports
$29.8B
2024
$471M
2000
Goods exports
$13.9B
2024
$36.8M
2000
Service imports
$6.34B
2024
$28.5M
2000
Service exports
$14.7B
2024
$60.9M
2000
Imports of goods and services, % of GDP
29%
2024
29.2%
2011
Exports of goods and services, % of GDP
22.8%
2024
18.2%
2011

Economic freedom indices

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

Dominican Republic Eritrea
Economic freedom 63.8 39.6
Economic freedom ranking 77/197 188/197
Property rights 53.9 4.8
Government integrity 39.8 10.9
Judicial effectiveness 58 5.5
Tax burden 84.4 80.3
Government spending 89.1 62.3
Fiscal health 76.6 69
Business freedom 71.4 30.7
Labor freedom 53.2 43.4
Monetary freedom 72.1 80
Trade freedom 67.4 68.4
Investment freedom 60 0
Financial freedom 40 20

Economic freedom comparison by year

Dominican Republic
Eritrea
1x
Year Economic freedom index
Dominican Republic Eritrea
2026 63.8 39.6
2025 64.3 38.6
2024 62.9 39.5
2023 62.6 39.5
2022 63 39.7
2021 62.1 42.3
2020 60.9 38.5
2019 61 38.9
2018 61.6 41.7
2017 62.9 42.2
2016 61 42.7
2015 61 38.9
2014 61.3 38.5
2013 59.7 36.3
2012 60.2 36.2
2011 60 36.7
2010 60.3 35.3
2009 59.2 38.5
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/eritrea | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 39.6 for Eritrea, ranking 188/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Eritrea
Services, % of GDP
59.8%
2024
n/a
Industry, % of GDP
28.7%
2024
21.8%
2009
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
14.1%
2009
GNI, Atlas method
$117B
2024
$1.94B
2011
GNI per capita, PPP
$26,050
2024
$1,720
2011
Total reserves including gold
$13.5B
2024
$192M
2019
Total reserves ranking
71/177
2024
170/177
2019
Net foreign direct investment
-$4.52B
2024
-$27.9M
2000
Net inflows of foreign direct investment
$4.48B
2024
-$27.9M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
1.07%
2011
Poverty at national poverty lines
19%
2024
50%
2020
Gross capital formation, % of GDP
27%
2024
12.6%
2011

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/eritrea | 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 (1992–2024, 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. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  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.