The Dominican Republic vs Iceland: Economic Indicators Comparison
The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and Iceland ranked 16th vs 47th and 85th vs 8th, respectively.
Gross Domestic Product & Income
| Stat |  Dominican Republic |  Iceland |
|---|---|---|
| GDP | $85.6B | $25.9B |
| GDP growth, 1 year | 7% | 4.6% |
| GDP growth, 5-years average | 6.6% | 4.5% |
| Population | 10.4M | 357k |
| GDP per capita | $8.1k | $73k |
| GDP per capita growth | 5.83% | 1.6% |
| Purchasing Power Parity conversion factor | 22.46 | 138.33 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.45 | 1.28 |
| GDP per capita, PPP adjusted | $18k | $56k |
| GNI, Atlas method | $82.5B | $24B |
| GNI per capita | $7.8k | $68k |
| GNI, PPP adjusted | $180.1B | $19.5B |
| GNI per capita, PPP adjusted | $17k | $55k |
Financial system and Human development
| Stat | Dominican Republic | Iceland |
|---|---|---|
| Income Tax Rate | 25% | 31.8% |
| Corporate Tax Rate | 27% | 20% |
| Inflation, consumer prices | 3.6% | 2.7% |
| Inflation, GDP deflator | 4.1% | 2.4% |
| Unemployment | 5.8% | 2.9% |
| Economic Freedom Index | 60.9 | 77.1 |
| Personal Freedom Index | 6.97 | 9.27 |
| Human Freedom Index | 6.6 | 8.22 |
| Property Rights Index | 55.8 | 87.6 |
| Judical Effectiveness Index | 18.2 | 63.2 |
| Business Freedom Index | 50.3 | 84.7 |
| Fiscal Health Index | 82.4 | 97.5 |
| Labor Freedom Index | 57.5 | 63.5 |
| Investment Freedom Index | 70 | 85 |
| Financial Freedom Index | 40 | 70 |
| Trade Freedom Index | 76.6 | 86.8 |
| Monetary Freedom Index | 73.5 | 80.3 |
| Government Spending Index | 90.5 | 44.1 |
| Tax Burden Index | 84.5 | 71.7 |
| Government Integrity Index | 31.2 | 90.3 |
| Corruption Perceptions Index | 30 | 76 |
| Life expectancy at birth, years | 73.7 | 82.2 |
| Suicide mortality rate, per 100,000 people | 9.9 | 14 |
| Mortality caused by road traffic injury, per 100,000 people | 34.6 | 6.6 |
| Intentional homicides, per 100,000 people | 11.3 | 0.9 |
| International tourism, number of arrivals | 6.6M | 2.3M |
Government debt & reserves
| Stat | Dominican Republic | Iceland |
|---|---|---|
| Central government debt, % of GDP | 41.6% | 35.4% |
| External debt stocks, % of GNI | 43.8% | N/A |
| External debt stocks | $33.9B | N/A |
| Short-term debt, % of total reserves | 27.4% | N/A |
| Total debt service, % of exports and primary income | 15.1% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 17.3% | 16.6% |
| Gross savings, % of GDP | 23.5% | 21.2% |
| Gross capital formation, % of GDP | 25.8% | 22.6% |
| Total reserves including gold | $7.7B | $6.3B |
| Foreign direct investment net inflows | $2.7B | -$434.6M |
Exports, imports and economic structure
| Stat | Dominican Republic | Iceland |
|---|---|---|
| Exports of goods and services, % of GDP | 23.6% | 47.2% |
| Imports of goods and services, % of GDP | 28.5% | 44.1% |
| Current account balance (balance of payments) | -$1.2B | $731.3M |
| Revenue excluding grants, % of GDP | 15.2% | 31% |
| Grants excluding technical cooperation, BoP | $105M | N/A |
| Personal remittances received | $6.8B | $168.9M |
| Industry including construction value added, % of GDP | 28.8% | 19.6% |
| Agriculture, forestry and fishing value added, % of GDP | 5.1% | 4.6% |
| Charges for the use of intellectual property, payments BoP | $157.7M | $143.4M |
| Charges for the use of intellectual property, receipts BoP | N/A | $241.7M |
| Expense, % of GDP | 15.7% | 30.8% |
| Government Expenditure, % of GDP | 17.8% | 43.2% |
