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Economy of Dominican Republic vs North Korea compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $34.9B for North Korea, ranking 63/197 and 106/197 by economy size, respectively.

Dominican Republic vs North Korea GDP by year

Dominican Republic
North Korea
1x
Year GDP, current $
Dominican Republic North Korea
2024 $124,282,245,639 $34,943,120,000
2023 $120,456,239,154 $32,155,360,000
2022 $113,478,087,135 $28,971,360,000
2021 $94,850,719,517 $32,301,720,000
2020 $78,546,672,407 $27,728,240,000
2019 $89,146,130,745 $28,222,880,000
2018 $84,994,732,049 $28,536,400,000
2017 $79,070,274,743 $29,105,440,000
2016 $75,552,902,636 $28,882,640,000
2015 $70,966,782,572 $30,723,030,000
2014 $67,014,329,100 $30,554,460,000
2013 $62,555,417,415 $30,588,922,000
2012 $60,561,635,556 $29,890,710,000
2011 $57,948,261,616 $29,005,020,000
2010 $53,801,053,353 $25,995,513,000
2009 $48,223,781,477 $23,356,470,000
2008 $48,091,433,554 -
2007 $43,965,458,509 -
2006 $37,879,830,084 -
2005 $35,777,560,684 -
2004 $22,322,387,382 -
2003 $21,403,167,848 -
2002 $27,137,440,786 -
2001 $25,601,823,688 -
2000 $24,305,780,629 -
1999 $22,136,579,397 -
1998 $21,672,215,547 -
1997 $20,017,450,041 -
1996 $18,241,622,548 -
1995 $16,637,370,839 -
1994 $14,644,734,599 -
1993 $13,081,042,400 -
1992 $11,605,382,504 -
1991 $9,824,483,340 -
1990 $7,073,675,545 -
1989 $6,686,593,060 -
1988 $5,374,299,981 -
1987 $5,827,050,753 -
1986 $6,122,128,558 -
1985 $5,044,579,979 -
1984 $11,594,000,000 -
1983 $9,220,600,000 -
1982 $8,267,400,000 -
1981 $7,561,300,000 -
1980 $6,761,300,000 -
1979 $5,498,800,000 -
1978 $4,734,400,000 -
1977 $4,587,100,000 -
1976 $3,951,500,000 -
1975 $3,599,200,000 -
1974 $2,925,700,000 -
1973 $2,344,800,000 -
1972 $1,987,400,000 -
1971 $1,666,500,000 -
1970 $1,485,500,000 -
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/north-korea | CC BY

GDP per capita in Dominican Republic vs North Korea by year

Dominican Republic
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $1,319 -
2023 $10,630 $25,840 $1,217 -
2022 $10,104 $24,626 $1,100 -
2021 $8,527 $22,053 $1,231 -
2020 $7,135 $18,998 $1,061 -
2019 $8,183 $19,767 $1,084 -
2018 $7,883 $17,995 $1,100 -
2017 $7,413 $16,846 $1,127 -
2016 $7,160 $16,282 $1,124 -
2015 $6,801 $14,804 $1,201 $1,700
2014 $6,496 $13,465 $1,201 $1,800
2013 $6,137 $12,414 $1,208 -
2012 $6,014 $11,777 $1,186 -
2011 $5,827 $11,695 $1,156 $1,800
2010 $5,479 $11,246 $1,040 -
2009 $4,974 $10,382 $939 $1,800
2008 $5,024 $10,346 - $1,800
2007 $4,650 $9,951 - $1,700
2006 $4,055 $9,130 - $1,800
2005 $3,878 $8,215 - $1,700
2004 $2,452 $7,375 - $1,700
2003 $2,383 $7,098 - $1,300
2002 $3,066 $7,158 - $1,000
2001 $2,936 $6,848 - -
2000 $2,831 $6,639 - $1,000
1999 $2,621 $6,305 - $1,000
1998 $2,608 $5,963 - -
1997 $2,449 $5,618 - -
1996 $2,271 $5,161 - -
1995 $2,109 $4,871 - -
1994 $1,892 $4,599 - -
1993 $1,722 $4,474 - -
1992 $1,558 $4,151 - -
1991 $1,346 $3,722 - -
1990 $989 $3,641 - -
1989 $955 - - -
1988 $784 - - -
1987 $868 - - -
1986 $932 - - -
1985 $784 - - -
1984 $1,844 - - -
1983 $1,500 - - -
1982 $1,376 - - -
1981 $1,288 - - -
1980 $1,180 - - -
1979 $984 - - -
1978 $868 - - -
1977 $863 - - -
1976 $763 - - -
1975 $713 - - -
1974 $595 - - -
1973 $490 - - -
1972 $427 - - -
1971 $368 - - -
1970 $338 - - -
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); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/north-korea | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while North Korea ranks 193rd at $1,700.

Economic indicators

Dominican Republic North Korea
Gross domestic product
$124B
2024
$34.9B
2024
GDP rank
63/197
2024
106/197
2024
GDP growth
4.95%
2023-2024
n/a
GDP per capita
$10,876
2024
$1,319
2024
GDP per capita rank
83/197
2024
168/197
2024
GDP per capita, PPP
$27,542
2024
$1,700
2015
GDP per capita PPP rank
76/197
2024
193/197
2015
Government debt
$73.1B
2024
n/a
Debt-to-GDP ratio
58.8%
2024
n/a
Government debt per person
$6,394
2024
n/a
Government debt per person rank
71/185
2024
n/a
Average annual personal income after taxes
$6,547
2026
$1,426
2026
Income share by richest 10%
29.5%
2024
n/a
Income share by poorest 10%
2.3%
2024
n/a
Government expenditure, % of GDP
19.5%
2024
n/a
Consumer prices inflation
3.3%
2023-2024
n/a
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
25.6%
2013
Population
11637906
26659144

Balance of trade

Dominican Republic North Korea
Current account balance
-$4.17B
2024
n/a
Current account balance ranking
163/190
2024
n/a
Current account balance, % of GDP
-3.35%
2024
n/a
Goods imports
$29.8B
2024
n/a
Goods exports
$13.9B
2024
n/a
Service imports
$6.34B
2024
n/a
Service exports
$14.7B
2024
n/a
Imports of goods and services, % of GDP
29%
2024
n/a
Exports of goods and services, % of GDP
22.8%
2024
n/a

Economic freedom indices

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

Dominican Republic North Korea
Economic freedom 63.8 3.1
Economic freedom ranking 77/197 197/197
Property rights 53.9 16.3
Government integrity 39.8 4.3
Judicial effectiveness 58 6.3
Tax burden 84.4 0
Government spending 89.1 0
Fiscal health 76.6 0
Business freedom 71.4 5
Labor freedom 53.2 5
Monetary freedom 72.1 0
Trade freedom 67.4 0
Investment freedom 60 0
Financial freedom 40 0

Economic freedom comparison by year

Dominican Republic
North Korea
1x
Year Economic freedom index
Dominican Republic North Korea
2026 63.8 3.1
2025 64.3 3
2024 62.9 2.9
2023 62.6 2.9
2022 63 3
2021 62.1 5.2
2020 60.9 4.2
2019 61 5.9
2018 61.6 5.8
2017 62.9 4.9
2016 61 2.3
2015 61 1.3
2014 61.3 1
2013 59.7 1.5
2012 60.2 1
2011 60 1
2010 60.3 1
2009 59.2 2
2008 57.7 3
2007 56.8 3
2006 56.3 4
2005 55.1 8
2004 54.6 8.9
2003 57.8 8.9
2002 58.6 8.9
2001 59.1 8.9
2000 59 8.9
1999 58.1 8.9
1998 58.1 8.9
1997 53.5 8.9
1996 58.1 8.9
1995 55.8 8.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/dominican-republic/north-korea | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic North Korea
Services, % of GDP
59.8%
2024
n/a
Industry, % of GDP
28.7%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
n/a
GNI, Atlas method
$117B
2024
n/a
GNI per capita, PPP
$26,050
2024
n/a
Total reserves including gold
$13.5B
2024
n/a
Total reserves ranking
71/177
2024
n/a
Net foreign direct investment
-$4.52B
2024
n/a
Net inflows of foreign direct investment
$4.48B
2024
$203K
1989
Net outflows of foreign direct investment
-$47.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
n/a
Poverty at national poverty lines
19%
2024
n/a
Gross capital formation, % of GDP
27%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.