The Dominican Republic vs Latvia: Economic Indicators Comparison
The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and Latvia ranked 16th vs 74th and 85th vs 51st, respectively.
Gross Domestic Product & Income
| Stat |  Dominican Republic |  Latvia |
|---|---|---|
| GDP | $85.6B | $34.4B |
| GDP growth, 1 year | 7% | 4.8% |
| GDP growth, 5-years average | 6.6% | 3.3% |
| Population | 10.4M | 1.9M |
| GDP per capita | $8.1k | $18k |
| GDP per capita growth | 5.83% | 5.47% |
| Purchasing Power Parity conversion factor | 22.46 | 0.5 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.45 | 0.59 |
| GDP per capita, PPP adjusted | $18k | $30k |
| GNI, Atlas method | $82.5B | $31.8B |
| GNI per capita | $7.8k | $17k |
| GNI, PPP adjusted | $180.1B | $57.4B |
| GNI per capita, PPP adjusted | $17k | $30k |
Financial system and Human development
| Stat | Dominican Republic | Latvia |
|---|---|---|
| Income Tax Rate | 25% | 31.4% |
| Corporate Tax Rate | 27% | 20% |
| Inflation, consumer prices | 3.6% | 2.6% |
| Inflation, GDP deflator | 4.1% | 4% |
| Unemployment | 5.8% | 7.9% |
| Economic Freedom Index | 60.9 | 71.9 |
| Personal Freedom Index | 6.97 | 8.65 |
| Human Freedom Index | 6.6 | 8.16 |
| Property Rights Index | 55.8 | 72.3 |
| Judical Effectiveness Index | 18.2 | 51.1 |
| Business Freedom Index | 50.3 | 77 |
| Fiscal Health Index | 82.4 | 96.5 |
| Labor Freedom Index | 57.5 | 72.4 |
| Investment Freedom Index | 70 | 85 |
| Financial Freedom Index | 40 | 60 |
| Trade Freedom Index | 76.6 | 86.4 |
| Monetary Freedom Index | 73.5 | 80.2 |
| Government Spending Index | 90.5 | 58.3 |
| Tax Burden Index | 84.5 | 76.9 |
| Government Integrity Index | 31.2 | 46.4 |
| Corruption Perceptions Index | 30 | 58 |
| Life expectancy at birth, years | 73.7 | 74.7 |
| Suicide mortality rate, per 100,000 people | 9.9 | 21.2 |
| Mortality caused by road traffic injury, per 100,000 people | 34.6 | 9.3 |
| Intentional homicides, per 100,000 people | 11.3 | 4.2 |
| International tourism, number of arrivals | 6.6M | 1.9M |
Government debt & reserves
| Stat | Dominican Republic | Latvia |
|---|---|---|
| Central government debt, % of GDP | 41.6% | 37.6% |
| 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% | 6% |
| Gross savings, % of GDP | 23.5% | 22.8% |
| Gross capital formation, % of GDP | 25.8% | 23.5% |
| Total reserves including gold | $7.7B | $4.4B |
| Foreign direct investment net inflows | $2.7B | $447M |
Exports, imports and economic structure
| Stat | Dominican Republic | Latvia |
|---|---|---|
| Exports of goods and services, % of GDP | 23.6% | 61.3% |
| Imports of goods and services, % of GDP | 28.5% | 61.5% |
| Current account balance (balance of payments) | -$1.2B | -$211M |
| Revenue excluding grants, % of GDP | 15.2% | 41.4% |
| Grants excluding technical cooperation, BoP | $105M | $148.1M |
| Personal remittances received | $6.8B | $1.2B |
| Industry including construction value added, % of GDP | 28.8% | 19.5% |
| Agriculture, forestry and fishing value added, % of GDP | 5.1% | 3.6% |
| Charges for the use of intellectual property, payments BoP | $157.7M | $64.6M |
| Charges for the use of intellectual property, receipts BoP | N/A | $10.6M |
| Expense, % of GDP | 15.7% | 43% |
| Government Expenditure, % of GDP | 17.8% | 37.3% |
