The Dominican Republic vs Panama: Economic Indicators Comparison

The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and Panama ranked 16th vs 33rd and 85th vs 61st, respectively.

Gross Domestic Product & Income

StatDominican RepublicPanama
GDP$85.6B$65.1B
GDP growth, 1 year7%3.9%
GDP growth, 5-years average6.6%5%
Population10.4M4.1M
GDP per capita$8.1k$16k
GDP per capita growth5.83%1.94%
Purchasing Power Parity conversion factor22.460.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.61
GDP per capita, PPP adjusted$18k$26k
GNI, Atlas method$82.5B$60B
GNI per capita$7.8k$14k
GNI, PPP adjusted$180.1B$98.4B
GNI per capita, PPP adjusted$17k$24k

Financial system and Human development

StatDominican RepublicPanama
Income Tax Rate25%25%
Corporate Tax Rate27%25%
Inflation, consumer prices3.6%0.8%
Inflation, GDP deflator4.1%0.7%
Unemployment5.8%3.9%
Economic Freedom Index60.967.2
Personal Freedom Index6.977.73
Human Freedom Index6.67.53
Property Rights Index55.858.8
Judical Effectiveness Index18.230
Business Freedom Index50.370.8
Fiscal Health Index82.491.2
Labor Freedom Index57.543.3
Investment Freedom Index7075
Financial Freedom Index4070
Trade Freedom Index76.679.2
Monetary Freedom Index73.579.4
Government Spending Index90.585.7
Tax Burden Index84.585.3
Government Integrity Index31.237.2
Corruption Perceptions Index3037
Life expectancy at birth, years73.778.1
Suicide mortality rate, per 100,000 people9.94.3
Mortality caused by road traffic injury, per 100,000 people34.614.3
Intentional homicides, per 100,000 people11.39.7
International tourism, number of arrivals6.6M1.8M

Government debt & reserves

StatDominican RepublicPanama
Central government debt, % of GDP41.6%39.4%
External debt stocks, % of GNI43.8%N/A
External debt stocks$33.9BN/A
Short-term debt, % of total reserves27.4%N/A
Total debt service, % of exports and primary income15.1%N/A
Adjusted net savings including particulate emission damage, % of GNI17.3%25.3%
Gross savings, % of GDP23.5%29.1%
Gross capital formation, % of GDP25.8%41.7%
Total reserves including gold$7.7B$2.1B
Foreign direct investment net inflows$2.7B$5.9B

Exports, imports and economic structure

StatDominican RepublicPanama
Exports of goods and services, % of GDP23.6%42.3%
Imports of goods and services, % of GDP28.5%45.3%
Current account balance (balance of payments)-$1.2B-$6.8B
Revenue excluding grants, % of GDP15.2%N/A
Grants excluding technical cooperation, BoP$105M$22.3M
Personal remittances received$6.8B$537.9M
Industry including construction value added, % of GDP28.8%29.2%
Agriculture, forestry and fishing value added, % of GDP5.1%2.2%
Charges for the use of intellectual property, payments BoP$157.7M$39.4M
Charges for the use of intellectual property, receipts BoPN/A$21.7M
Expense, % of GDP15.7%N/A
Government Expenditure, % of GDP17.8%21.8%

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

Panama vs

CountryGDP
per capita
Population
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
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