The Dominican Republic vs Nicaragua: Economic Indicators Comparison

The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and Nicaragua ranked 16th vs 91st and 85th vs 148th, respectively.

Gross Domestic Product & Income

StatDominican RepublicNicaragua
GDP$85.6B$13.1B
GDP growth, 1 year7%-4%
GDP growth, 5-years average6.6%3%
Population10.4M6.2M
GDP per capita$8.1k$2k
GDP per capita growth5.83%-5.02%
Purchasing Power Parity conversion factor22.4611.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.37
GDP per capita, PPP adjusted$18k$5.7k
GNI, Atlas method$82.5B$13.1B
GNI per capita$7.8k$2k
GNI, PPP adjusted$180.1B$34.9B
GNI per capita, PPP adjusted$17k$5.4k

Financial system and Human development

StatDominican RepublicNicaragua
Income Tax Rate25%30%
Corporate Tax Rate27%30%
Inflation, consumer prices3.6%5%
Inflation, GDP deflator4.1%3.4%
Unemployment5.8%4.5%
Economic Freedom Index60.957.2
Personal Freedom Index6.977.41
Human Freedom Index6.67.22
Property Rights Index55.833.5
Judical Effectiveness Index18.219.5
Business Freedom Index50.355.1
Fiscal Health Index82.487.2
Labor Freedom Index57.555.5
Investment Freedom Index7060
Financial Freedom Index4050
Trade Freedom Index76.675.4
Monetary Freedom Index73.571.5
Government Spending Index90.577.5
Tax Burden Index84.576.3
Government Integrity Index31.224.3
Corruption Perceptions Index3025
Life expectancy at birth, years73.774.1
Suicide mortality rate, per 100,000 people9.912.2
Mortality caused by road traffic injury, per 100,000 people34.615.3
Intentional homicides, per 100,000 people11.37.4
International tourism, number of arrivals6.6M1.3M

Government debt & reserves

StatDominican RepublicNicaragua
Central government debt, % of GDP41.6%37.2%
External debt stocks, % of GNI43.8%90.7%
External debt stocks$33.9B$11.6B
Short-term debt, % of total reserves27.4%60.3%
Total debt service, % of exports and primary income15.1%19%
Adjusted net savings including particulate emission damage, % of GNI17.3%14.4%
Gross savings, % of GDP23.5%23.6%
Gross capital formation, % of GDP25.8%22.9%
Total reserves including gold$7.7B$2.3B
Foreign direct investment net inflows$2.7B$359.2M

Exports, imports and economic structure

StatDominican RepublicNicaragua
Exports of goods and services, % of GDP23.6%42%
Imports of goods and services, % of GDP28.5%51.3%
Current account balance (balance of payments)-$1.2B$83M
Revenue excluding grants, % of GDP15.2%16.8%
Grants excluding technical cooperation, BoP$105M$162.6M
Personal remittances received$6.8B$1.5B
Industry including construction value added, % of GDP28.8%25.8%
Agriculture, forestry and fishing value added, % of GDP5.1%15.5%
Charges for the use of intellectual property, payments BoP$157.7M$1.9M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP15.7%16.7%
Government Expenditure, % of GDP17.8%27.4%

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

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k