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Economy of Dominican Republic vs Kiribati compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $308M for Kiribati, ranking 63/197 and 192/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Dominican Republic vs Kiribati GDP by year

Dominican Republic
Kiribati
1x
Year GDP, current $
Dominican Republic Kiribati
2024 $124,282,245,639 $307,862,564
2023 $120,456,239,154 $288,610,748
2022 $113,478,087,135 $270,040,453
2021 $94,850,719,517 $285,259,881
2020 $78,546,672,407 $220,898,020
2019 $89,146,130,745 $216,985,388
2018 $84,994,732,049 $233,514,717
2017 $79,070,274,743 $222,875,736
2016 $75,552,902,636 $206,467,819
2015 $70,966,782,572 $191,559,399
2014 $67,014,329,100 $200,287,282
2013 $62,555,417,415 $201,730,861
2012 $60,561,635,556 $207,001,546
2011 $57,948,261,616 $195,970,140
2010 $53,801,053,353 $165,458,433
2009 $48,223,781,477 $140,177,384
2008 $48,091,433,554 $147,017,895
2007 $43,965,458,509 $138,054,946
2006 $37,879,830,084 $112,338,353
2005 $35,777,560,684 $113,895,437
2004 $22,322,387,382 $104,085,892
2003 $21,403,167,848 $96,105,619
2002 $27,137,440,786 $74,743,869
2001 $25,601,823,688 $64,935,850
2000 $24,305,780,629 $74,910,527
1999 $22,136,579,397 $77,323,978
1998 $21,672,215,547 $74,905,706
1997 $20,017,450,041 $80,205,807
1996 $18,241,622,548 $81,456,854
1995 $16,637,370,839 $68,596,395
1994 $14,644,734,599 $67,055,334
1993 $13,081,042,400 $58,953,596
1992 $11,605,382,504 $61,491,369
1991 $9,824,483,340 $41,247,792
1990 $7,073,675,545 $36,534,295
1989 $6,686,593,060 $37,645,319
1988 $5,374,299,981 $38,278,810
1987 $5,827,050,753 $29,554,413
1986 $6,122,128,558 $25,993,009
1985 $5,044,579,979 $26,126,615
1984 $11,594,000,000 $34,394,167
1983 $9,220,600,000 $31,000,546
1982 $8,267,400,000 $32,742,713
1981 $7,561,300,000 $35,267,489
1980 $6,761,300,000 $33,157,723
1979 $5,498,800,000 $34,466,197
1978 $4,734,400,000 $36,563,965
1977 $4,587,100,000 $31,335,459
1976 $3,951,500,000 $33,246,817
1975 $3,599,200,000 $44,547,454
1974 $2,925,700,000 $69,256,489
1973 $2,344,800,000 $25,645,040
1972 $1,987,400,000 $15,314,346
1971 $1,666,500,000 $12,356,134
1970 $1,485,500,000 $11,560,877
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/kiribati | CC BY

GDP per capita in Dominican Republic vs Kiribati by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $2,289 $3,702
2023 $10,630 $25,840 $2,178 $3,486
2022 $10,104 $24,626 $2,070 $3,329
2021 $8,527 $22,053 $2,222 $3,020
2020 $7,135 $18,998 $1,752 $2,711
2019 $8,183 $19,767 $1,751 $2,763
2018 $7,883 $17,995 $1,913 $2,672
2017 $7,413 $16,846 $1,853 $2,562
2016 $7,160 $16,282 $1,743 $2,463
2015 $6,801 $14,804 $1,640 $2,311
2014 $6,496 $13,465 $1,737 $2,084
2013 $6,137 $12,414 $1,772 $2,049
2012 $6,014 $11,777 $1,844 $1,896
2011 $5,827 $11,695 $1,771 $1,786
2010 $5,479 $11,246 $1,522 $1,724
2009 $4,974 $10,382 $1,317 $1,718
2008 $5,024 $10,346 $1,411 $1,735
2007 $4,650 $9,951 $1,353 $1,792
2006 $4,055 $9,130 $1,123 $1,728
2005 $3,878 $8,215 $1,162 $1,617
2004 $2,452 $7,375 $1,083 $1,579
2003 $2,383 $7,098 $1,021 $1,578
2002 $3,066 $7,158 $810 $1,605
2001 $2,936 $6,848 $719 $1,591
2000 $2,831 $6,639 $845 $1,638
1999 $2,621 $6,305 $887 $1,526
1998 $2,608 $5,963 $874 $1,593
1997 $2,449 $5,618 $953 $1,535
1996 $2,271 $5,161 $986 $1,519
1995 $2,109 $4,871 $844 $1,518
1994 $1,892 $4,599 $838 $1,469
1993 $1,722 $4,474 $748 $1,431
1992 $1,558 $4,151 $792 $1,421
1991 $1,346 $3,722 $540 $1,139
1990 $989 $3,641 $488 $1,192
1989 $955 - $515 -
1988 $784 - $536 -
1987 $868 - $424 -
1986 $932 - $382 -
1985 $784 - $393 -
1984 $1,844 - $527 -
1983 $1,500 - $483 -
1982 $1,376 - $519 -
1981 $1,288 - $568 -
1980 $1,180 - $542 -
1979 $984 - $573 -
1978 $868 - $611 -
1977 $863 - $520 -
1976 $763 - $548 -
1975 $713 - $730 -
1974 $595 - $1,131 -
1973 $490 - $422 -
1972 $427 - $256.2 -
1971 $368 - $210.7 -
1970 $338 - $201 -
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/kiribati | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Kiribati ranks 169th at $3,702.

Economic indicators

Dominican Republic Kiribati
Gross domestic product
$124B
2024
$308M
2024
GDP rank
63/197
2024
192/197
2024
GDP growth
4.95%
2023-2024
5.27%
2023-2024
GDP per capita
$10,876
2024
$2,289
2024
GDP per capita rank
83/197
2024
152/197
2024
GDP per capita, PPP
$27,542
2024
$3,702
2024
GDP per capita PPP rank
76/197
2024
169/197
2024
Government debt
$73.1B
2024
$30.5M
2024
Debt-to-GDP ratio
58.8%
2024
9.92%
2024
Government debt per person
$6,394
2024
$226.9
2024
Government debt per person rank
71/185
2024
181/185
2024
Average annual personal income after taxes
$6,547
2026
$1,967
2026
Income share by richest 10%
29.5%
2024
22.8%
2019
Income share by poorest 10%
2.3%
2024
4%
2019
Government expenditure, % of GDP
19.5%
2024
98.1%
2024
Consumer prices inflation
3.3%
2023-2024
2.5%
2023-2024
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
2.79%
2023
Population
11637906
139020

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Dominican Republic Kiribati
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 98.1% 9.92%
2023 19.1% 60.5% 95.3% 11.4%
2022 18.5% 59.6% 87.5% 16.3%
2021 18.4% 62.8% 84% 17.3%
2020 22.2% 71.8% 102.2% 21%
2019 17.8% 53.5% 108.3% 19%
2018 16.5% 50.8% 108.8% 19%
2017 17.3% 49.5% 92.1% 20.2%
2016 17% 46.7% 99% 21.2%
2015 16.7% 44.8% 90.9% 18.8%
2014 17% 45% 101.2% 8.97%
2013 18.5% 46.8% 78% 8.86%
2012 19.8% 42.4% 83.9% 8.13%
2011 16% 39.1% 80.9% 8.8%
2010 16.1% 37.4% 75.7% 9.43%
2009 16.2% 36.8% 74.7% 10.3%
2008 18.5% 33.6% 79.4% 13.9%
2007 16.3% 32.9% 77.3% 11.1%
2006 17% 36% 82.1% 12.9%
2005 15.5% 38.3% 95.6% 12.1%
2004 17.3% 34.3% 103.8% 13.6%
2003 17.2% 48.2% 84.4% 12.3%
2002 16.5% 21.5% 96.9% 13.3%
2001 14.9% 20.4% 101.3% 17%
2000 14.1% 16.7% 66% 12.7%
1999 13.4% 16% 77.6% 11.8%
1998 12.6% 13.2% 74.7% 9.81%
1997 13.2% 13.8% 70.9% 10.7%
1996 11.4% 23% 68.4% 11%
1995 11% 25.7% 69.6% 12.3%
1994 12.1% 28.5% 54.6% 12.3%
1993 13% 36.1% 55.3% 10.9%
1992 10.4% 38.5% 65.9% 7.31%
1991 8.65% 47.3% 82.1% 8.43%
1990 9.1% 84.7% 105.5% 7.72%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 9.92% in Kiribati, ranking 83/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Kiribati
1x
Year Deficit/surplus, % of GDP
Dominican Republic Kiribati
2024 -3.09% -22%
2023 -3.28% 0.13%
2022 -3.25% -18.3%
2021 -2.92% -10.8%
2020 -7.94% 3.57%
2019 -3.46% 10.8%
2018 -2.17% 5.18%
2017 -3.12% 34.1%
2016 -3.11% 20.1%
2015 -0.03% 42.5%
2014 -2.76% 35%
2013 -4.41% 11.8%
2012 -6.26% -5.43%
2011 -3.07% -17.6%
2010 -2.97% -7.8%
2009 -2.9% -8.56%
2008 -3.43% -15.8%
2007 0.28% -12.5%
2006 -1.69% -12.3%
2005 -0.71% -9.96%
2004 -3.6% -19.2%
2003 -4.24% -8.93%
2002 -2.28% 3.13%
2001 -0.73% -10.9%
2000 -0.86% -0.03%
1999 -0.79% -1.81%
1998 -0.29% 14.6%
1997 -0.64% 5.92%
1996 0.14% -20.2%
1995 0.82% -5.14%
1994 -0.39% 0.74%
1993 -0.16% 6.27%
1992 2.35% 0.79%
1991 0.11% 3.87%
1990 0.39% -4.62%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, the Dominican Republic recorded a fiscal deficit in 29 of those years, while Kiribati ran a deficit in 19 years. On average, the Dominican Republic posted an annual deficit equal to 2.01% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Dominican Republic

Kiribati
1x
Year Consumer prices inflation
Dominican Republic Kiribati
2024 3.3% 2.5%
2023 4.79% 9.3%
2022 8.81% 5.3%
2021 8.24% 2.1%
2020 3.78% 2.6%
2019 1.81% -1.8%
2018 3.56% 0.6%
2017 3.28% 0.4%
2016 1.61% 1.9%
2015 0.84% 0.6%
2014 3% 2.1%
2013 4.83% -1.5%
2012 3.69% -3%
2011 5.8% 1.5%
2010 6.33% -3.9%
2009 1.44% 9.8%
2008 10.6% 13.7%
2007 6.14% 3.6%
2006 7.57% -1%
2005 4.19% -0.4%
2004 51.5% -0.7%
2003 27.4% 1.6%
2002 5.22% 3.2%
2001 8.88% 6%
2000 7.72% 0.4%
1999 6.47% 1.8%
1998 4.83% 3.7%
1997 8.3% 2.6%

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

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

Over the past 28 years, the Dominican Republic has recorded an average annual inflation rate of 7.64%, compared with 2.25% in Kiribati. In 2024, inflation was 3.3% in the Dominican Republic and 2.5% in Kiribati.

Balance of trade

Dominican Republic Kiribati
Current account balance
-$4.17B
2024
-$59.5M
2024
Current account balance ranking
163/190
2024
85/190
2024
Current account balance, % of GDP
-3.35%
2024
-19.3%
2024
Goods imports
$29.8B
2024
$227M
2024
Goods exports
$13.9B
2024
$8.49M
2024
Service imports
$6.34B
2024
$108M
2024
Service exports
$14.7B
2024
$7M
2024
Imports of goods and services, % of GDP
29%
2024
94.9%
2024
Exports of goods and services, % of GDP
22.8%
2024
6.27%
2024

Economic freedom indices

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

Dominican Republic Kiribati
Economic freedom 63.8 50.8
Economic freedom ranking 77/197 158/197
Property rights 53.9 69.6
Government integrity 39.8 50.5
Judicial effectiveness 58 54.6
Tax burden 84.4 72.6
Government spending 89.1 0
Fiscal health 76.6 19.8
Business freedom 71.4 60.2
Labor freedom 53.2 65.3
Monetary freedom 72.1 76.7
Trade freedom 67.4 80
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Dominican Republic
Kiribati
1x
Year Economic freedom index
Dominican Republic Kiribati
2026 63.8 50.8
2025 64.3 50.9
2024 62.9 51.3
2023 62.6 58.8
2022 63 59.2
2021 62.1 44.4
2020 60.9 45.2
2019 61 47.3
2018 61.6 50.8
2017 62.9 50.9
2016 61 46.2
2015 61 46.4
2014 61.3 46.3
2013 59.7 45.9
2012 60.2 46.9
2011 60 44.8
2010 60.3 43.7
2009 59.2 45.7
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/kiribati | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Kiribati
Services, % of GDP
59.8%
2024
67.1%
2023
Industry, % of GDP
28.7%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
27.2%
2023
GNI, Atlas method
$117B
2024
$493M
2024
GNI per capita, PPP
$26,050
2024
$6,060
2024
Total reserves including gold
$13.5B
2024
n/a
Total reserves ranking
71/177
2024
n/a
Net foreign direct investment
-$4.52B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$4.48B
2024
$8.07M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
n/a
Poverty at national poverty lines
19%
2024
5.5%
2023
Gross capital formation, % of GDP
27%
2024
25.8%
2023

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/kiribati | 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 (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.