The Dominican Republic vs Liberia: Economic Indicators Comparison

The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and Liberia ranked 16th vs 161st and 85th vs 186th, respectively.

Gross Domestic Product & Income

StatDominican RepublicLiberia
GDP$85.6B$3.3B
GDP growth, 1 year7%1.2%
GDP growth, 5-years average6.6%0.6%
Population10.4M4.7M
GDP per capita$8.1k$677
GDP per capita growth5.83%-1.23%
Purchasing Power Parity conversion factor22.460.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.52
GDP per capita, PPP adjusted$18k$1.4k
GNI, Atlas method$82.5B$2.9B
GNI per capita$7.8k$610
GNI, PPP adjusted$180.1B$5.5B
GNI per capita, PPP adjusted$17k$1.1k

Financial system and Human development

StatDominican RepublicLiberia
Income Tax Rate25%25%
Corporate Tax Rate27%25%
Inflation, consumer prices3.6%23.4%
Inflation, GDP deflator4.1%-1.9%
Unemployment5.8%2%
Economic Freedom Index60.949
Personal Freedom Index6.976.1
Human Freedom Index6.66.6
Property Rights Index55.831.1
Judical Effectiveness Index18.237.9
Business Freedom Index50.348.2
Fiscal Health Index82.459.7
Labor Freedom Index57.538.2
Investment Freedom Index7055
Financial Freedom Index4020
Trade Freedom Index76.660.6
Monetary Freedom Index73.562.1
Government Spending Index90.565.5
Tax Burden Index84.586.1
Government Integrity Index31.223.8
Corruption Perceptions Index3032
Life expectancy at birth, years73.763.3
Suicide mortality rate, per 100,000 people9.96.8
Mortality caused by road traffic injury, per 100,000 people34.635.9
Intentional homicides, per 100,000 people11.33.2
International tourism, number of arrivals6.6MN/A

Government debt & reserves

StatDominican RepublicLiberia
Central government debt, % of GDP41.6%40.5%
External debt stocks, % of GNI43.8%44.7%
External debt stocks$33.9B$1.3B
Short-term debt, % of total reserves27.4%0%
Total debt service, % of exports and primary income15.1%2.8%
Adjusted net savings including particulate emission damage, % of GNI17.3%-99%
Gross savings, % of GDP23.5%-64.1%
Gross capital formation, % of GDP25.8%12.9%
Total reserves including gold$7.7B$560.3M
Foreign direct investment net inflows$2.7B$129.1M

Exports, imports and economic structure

StatDominican RepublicLiberia
Exports of goods and services, % of GDP23.6%26%
Imports of goods and services, % of GDP28.5%94.3%
Current account balance (balance of payments)-$1.2B-$674.1M
Revenue excluding grants, % of GDP15.2%15.7%
Grants excluding technical cooperation, BoP$105M$436.2M
Personal remittances received$6.8B$459.9M
Industry including construction value added, % of GDP28.8%12.5%
Agriculture, forestry and fishing value added, % of GDP5.1%37.3%
Charges for the use of intellectual property, payments BoP$157.7MN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP15.7%16.5%
Government Expenditure, % of GDP17.8%33.9%

Compare with countries close by GDP per capita

Dominican Republic vs

CountryGDP
per capita
Population
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M