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Economy of Dominican Republic vs Romania compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $383B for Romania, ranking 63/197 and 42/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $220B (57.4% of GDP) in Romania.

Dominican Republic vs Romania GDP by year

Dominican Republic
Romania
1x
Year GDP, current $
Dominican Republic Romania
2024 $124,282,245,639 $382,564,217,989
2023 $120,456,239,154 $347,757,995,759
2022 $113,478,087,135 $295,319,437,557
2021 $94,850,719,517 $285,071,280,114
2020 $78,546,672,407 $250,625,048,304
2019 $89,146,130,745 $250,080,428,512
2018 $84,994,732,049 $241,791,427,224
2017 $79,070,274,743 $210,147,385,855
2016 $75,552,902,636 $185,290,759,249
2015 $70,966,782,572 $177,885,131,240
2014 $67,014,329,100 $199,722,319,676
2013 $62,555,417,415 $189,798,603,751
2012 $60,561,635,556 $179,117,323,107
2011 $57,948,261,616 $192,623,977,894
2010 $53,801,053,353 $170,064,350,672
2009 $48,223,781,477 $174,110,532,659
2008 $48,091,433,554 $214,315,932,061
2007 $43,965,458,509 $174,588,782,939
2006 $37,879,830,084 $122,023,735,993
2005 $35,777,560,684 $98,454,380,120
2004 $22,322,387,382 $74,973,656,852
2003 $21,403,167,848 $57,806,384,143
2002 $27,137,440,786 $46,065,502,703
2001 $25,601,823,688 $40,395,116,581
2000 $24,305,780,629 $37,253,739,511
1999 $22,136,579,397 $35,953,156,754
1998 $21,672,215,547 $41,696,091,974
1997 $20,017,450,041 $35,575,214,078
1996 $18,241,622,548 $36,937,074,278
1995 $16,637,370,839 $37,430,162,103
1994 $14,644,734,599 $30,072,805,104
1993 $13,081,042,400 $26,361,160,450
1992 $11,605,382,504 $25,121,666,667
1991 $9,824,483,340 $28,850,634,900
1990 $7,073,675,545 $38,247,882,300
1989 $6,686,593,060 $41,450,777,202
1988 $5,374,299,981 $40,424,528,302
1987 $5,827,050,753 $38,067,567,568
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/romania | CC BY

GDP per capita in Dominican Republic vs Romania by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $20,080 $49,077
2023 $10,630 $25,840 $18,244 $45,982
2022 $10,104 $24,626 $15,504 $41,979
2021 $8,527 $22,053 $14,908 $37,534
2020 $7,135 $18,998 $13,009 $34,194
2019 $8,183 $19,767 $12,910 $33,425
2018 $7,883 $17,995 $12,416 $29,383
2017 $7,413 $16,846 $10,728 $26,943
2016 $7,160 $16,282 $9,405 $23,905
2015 $6,801 $14,804 $8,977 $21,625
2014 $6,496 $13,465 $10,032 $20,633
2013 $6,137 $12,414 $9,498 $19,678
2012 $6,014 $11,777 $8,930 $19,808
2011 $5,827 $11,695 $9,561 $18,804
2010 $5,479 $11,246 $8,400 $17,355
2009 $4,974 $10,382 $8,548 $16,641
2008 $5,024 $10,346 $10,435 $16,782
2007 $4,650 $9,951 $8,360 $13,703
2006 $4,055 $9,130 $5,758 $11,554
2005 $3,878 $8,215 $4,618 $9,602
2004 $2,452 $7,375 $3,495 $8,989
2003 $2,383 $7,098 $2,679 $7,559
2002 $3,066 $7,158 $2,120 $7,162
2001 $2,936 $6,848 $1,825 $6,520
2000 $2,831 $6,639 $1,660 $5,850
1999 $2,621 $6,305 $1,600 $5,596
1998 $2,608 $5,963 $1,853 $5,545
1997 $2,449 $5,618 $1,577 $5,564
1996 $2,271 $5,161 $1,633 $5,746
1995 $2,109 $4,871 $1,650 $5,429
1994 $1,892 $4,599 $1,323 $4,995
1993 $1,722 $4,474 $1,158 $4,699
1992 $1,558 $4,151 $1,102 $4,515
1991 $1,346 $3,722 $1,254 $4,795
1990 $989 $3,641 $1,648 $5,280
1989 $955 - $1,790 -
1988 $784 - $1,753 -
1987 $868 - $1,659 -
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).

GeoRank.org/economy/dominican-republic/romania | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Romania ranks 47th at $49,077.

Economic indicators

Dominican Republic Romania
Gross domestic product
$124B
2024
$383B
2024
GDP rank
63/197
2024
42/197
2024
GDP growth
4.95%
2023-2024
0.92%
2023-2024
GDP per capita
$10,876
2024
$20,080
2024
GDP per capita rank
83/197
2024
58/197
2024
GDP per capita, PPP
$27,542
2024
$49,077
2024
GDP per capita PPP rank
76/197
2024
47/197
2024
Government debt
$73.1B
2024
$220B
2024
Debt-to-GDP ratio
58.8%
2024
57.4%
2024
Government debt per person
$6,394
2024
$11,533
2024
Government debt per person rank
71/185
2024
48/185
2024
Average annual personal income after taxes
$6,547
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
29.5%
2024
21.8%
2023
Income share by poorest 10%
2.3%
2024
2.4%
2023
Government expenditure, % of GDP
19.5%
2024
39.9%
2024
Consumer prices inflation
3.3%
2023-2024
5.6%
2023-2024
Central bank interest rate
5.5%
2025
6.5%
2024
Unemployment rate
5.31%
2024
5.43%
2024
Population
11637906
18839108

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Dominican Republic Romania
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 39.9% 57.4%
2023 19.1% 60.5% 36.6% 52.1%
2022 18.5% 59.6% 37.4% 51.7%
2021 18.4% 62.8% 37% 51.5%
2020 22.2% 71.8% 38.1% 49.3%
2019 17.8% 53.5% 33.2% 36.5%
2018 16.5% 50.8% 31.7% 36.2%
2017 17.3% 49.5% 31% 37.1%
2016 17% 46.7% 31.8% 39.5%
2015 16.7% 44.8% 34.2% 39.4%
2014 17% 45% 33.8% 40.5%
2013 18.5% 46.8% 34.2% 39.3%
2012 19.8% 42.4% 33.5% 36.2%
2011 16% 39.1% 35% 32.6%
2010 16.1% 37.4% 37.4% 30.2%
2009 16.2% 36.8% 36.3% 22.5%
2008 18.5% 33.6% 35.3% 13%
2007 16.3% 32.9% 34.6% 12.4%
2006 17% 36% 33.9% 12.7%
2005 15.5% 38.3% 32.3% 17.8%
2004 17.3% 34.3% 33.7% 21.3%
2003 17.2% 48.2% 31.8% 24.9%
2002 16.5% 21.5% 32.1% 27.4%
2001 14.9% 20.4% 33.2% 27.4%
2000 14.1% 16.7% 35% 29.6%
1999 13.4% 16% 35.1% 21.7%
1998 12.6% 13.2% 34.7% 16.5%
1997 13.2% 13.8% 33.5% 15%
1996 11.4% 23% 33.5% 11%
1995 11% 25.7% 34.4% 6.91%
1994 12.1% 28.5% 33.1% -
1993 13% 36.1% 33.5% -
1992 10.4% 38.5% 41.5% -
1991 8.65% 47.3% 38.3% -
1990 9.1% 84.7% 38.4% -
1989 11.3% 62.5% 40.1% -
1988 12.8% 77% 36.6% -
1987 11.2% 86.9% 40.7% -
1986 10.4% 63.8% 42.5% -
1985 9.8% 66.3% 41.6% -
1984 9.32% 28.9% 28.6% -
1983 10.2% 32.9% 25.8% -
1982 10.2% 33.1% 28.5% -
1981 12.1% 29.8% 30.4% -
1980 12.8% 15.2% 33.6% -
1979 13.8% 24% 42% -
1978 12.3% 20.9% 42.1% -
1977 11.4% 16.4% 39.9% -
1976 12.5% 15.6% 37.5% -
1975 13.7% 13.1% 40.6% -
1974 14.6% 14.6% 37.6% -
1973 13.7% 14.6% 32.6% -
1972 14.1% 16.4% 29.9% -
1971 13.8% 17.8% 27.2% -
1970 13.3% 18% 28.1% -
1969 15.5% 17.4% 32.1% -
1968 15.5% 18.1% 31.8% -
1967 15% 16.2% 30.6% -
1966 15.2% 14.5% 27.3% -
1965 12.8% - 25.6% -
1964 16.7% - 25.1% -
1963 15.1% - 23.1% -
1962 15.7% - 43.4% -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/romania | CC BY

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 57.4% in Romania, ranking 83/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Romania
1x
Year Deficit/surplus, % of GDP
Dominican Republic Romania
2024 -3.09% -8.68%
2023 -3.28% -5.61%
2022 -3.25% -5.83%
2021 -2.92% -6.7%
2020 -7.94% -9.54%
2019 -3.46% -4.55%
2018 -2.17% -2.74%
2017 -3.12% -2.86%
2016 -3.11% -2.5%
2015 -0.03% -1.35%
2014 -2.76% -1.76%
2013 -4.41% -2.44%
2012 -6.26% -2.39%
2011 -3.07% -4.14%
2010 -2.97% -6.22%
2009 -2.9% -6.86%
2008 -3.43% -4.6%
2007 0.28% -3.05%
2006 -1.69% -1.36%
2005 -0.71% -0.69%
2004 -3.6% -3.39%
2003 -4.24% -2.29%
2002 -2.28% -2.59%
2001 -0.73% -3.2%
2000 -0.86% -3.99%
1999 -0.79% -3.58%
1998 -0.29% -5.33%
1997 -0.64% -5.19%
1996 0.14% -4.74%
1995 0.82% -3.32%
1994 -0.39% -2.2%
1993 -0.16% -0.35%
1992 2.35% -4.55%
1991 0.11% 3.23%
1990 0.39% 1.03%
1989 -0.09% -2.87%
1988 -1.68% 8.4%
1987 -0.75% 2.37%
1986 -0.57% 5.72%
1985 -1.27% 6.36%
1984 -0.95% 15.2%
1983 -1.74% 9.35%
1982 -2.4% 0.36%
1981 -1.92% 0.61%
1980 -1.82% -1.95%
1979 -3.26% 0%
1978 -0.82% 0%
1977 0.15% 0.23%
1976 -0.22% 0.66%
1975 1.37% 0.41%
1974 -0.93% 0.51%
1973 -0.53% 1.53%
1972 -1.73% 1.21%
1971 -0.85% 0.89%
1970 -0.68% 0.52%
1969 -0.99% 0.93%
1968 -0.99% 1.65%
1967 -1.68% 1.23%
1966 -2.14% 0.91%
1965 -1.84% -1.29%
1964 -1.36% -3.11%
1963 -0.39% -1.61%
1962 -1.17% -4.86%
1961 -3% -
1960 -0.61% -
1959 -0.29% -
1958 -1.29% -
1957 0.21% -
1956 -0.05% -
1955 1.47% -
1954 1.43% -
1953 2.79% -
1952 0% -
1951 -2.58% -
1950 -3.66% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/romania | CC BY

In 2024, the Dominican Republic's government deficit, the difference between spending and revenue, was $3.84B, equivalent to 3.09% of GDP. This compares to Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 38 years, the Dominican Republic recorded a fiscal deficit in 32 of those years, while Romania ran a deficit in 34 years. On average, the Dominican Republic posted an annual deficit equal to 1.92% of GDP, compared to deficit of 3.06% of GDP for Romania.

Inflation comparison by year

Inflation
Dominican Republic

Romania
1x
Year Consumer prices inflation
Dominican Republic Romania
2024 3.3% 5.6%
2023 4.79% 10.4%
2022 8.81% 13.8%
2021 8.24% 5%
2020 3.78% 2.6%
2019 1.81% 3.8%
2018 3.56% 4.6%
2017 3.28% 1.3%
2016 1.61% -1.6%
2015 0.84% -0.6%
2014 3% 1.1%
2013 4.83% 4%
2012 3.69% 3.3%
2011 5.8% 5.8%
2010 6.33% 6.1%
2009 1.44% 5.6%
2008 10.6% 7.8%
2007 6.14% 4.8%
2006 7.57% 6.6%
2005 4.19% 9%
2004 51.5% 11.9%
2003 27.4% 15.4%
2002 5.22% 22.5%
2001 8.88% 34.5%
2000 7.72% 45.7%
1999 6.47% 45.8%
1998 4.83% 59.1%
1997 8.3% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/dominican-republic/romania | CC BY

Over the past 28 years, the Dominican Republic has recorded an average annual inflation rate of 7.64%, compared with 17.5% in Romania. In 2024, inflation was 3.3% in the Dominican Republic and 5.6% in Romania.

Top exports between countries

Dominican Republic
Export category Export value
Processed food, beverages & tobacco $541K
Machinery & equipment $116K
Wood & paper products $57K
Metals $9K
Textiles & consumer goods $6K
Romania
Export category Export value
Machinery & equipment $2.32M
Animal & marine products $1.11M
Miscellaneous $954K
Processed food, beverages & tobacco $626K
Chemicals & pharma $409K
Textiles & consumer goods $359K
Metals $251K
Wood & paper products $203K
Raw agricultural goods $192K
Raw materials & minerals $85K

Balance of trade

Dominican Republic Romania
Current account balance
-$4.17B
2024
-$31.2B
2024
Current account balance ranking
163/190
2024
185/190
2024
Current account balance, % of GDP
-3.35%
2024
-8.16%
2024
Goods imports
$29.8B
2024
$129B
2024
Goods exports
$13.9B
2024
$93.3B
2024
Service imports
$6.34B
2024
$30.2B
2024
Service exports
$14.7B
2024
$42.9B
2024
Imports of goods and services, % of GDP
29%
2024
41.6%
2024
Exports of goods and services, % of GDP
22.8%
2024
35.6%
2024

Economic freedom indices

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

Dominican Republic Romania
Economic freedom 63.8 65.4
Economic freedom ranking 77/197 64/197
Property rights 53.9 81
Government integrity 39.8 50
Judicial effectiveness 58 67
Tax burden 84.4 89.1
Government spending 89.1 56.7
Fiscal health 76.6 21.4
Business freedom 71.4 74.4
Labor freedom 53.2 63.6
Monetary freedom 72.1 72.7
Trade freedom 67.4 79.4
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Dominican Republic
Romania
1x
Year Economic freedom index
Dominican Republic Romania
2026 63.8 65.4
2025 64.3 66.5
2024 62.9 64.4
2023 62.6 64.5
2022 63 67.1
2021 62.1 69.5
2020 60.9 69.7
2019 61 68.6
2018 61.6 69.4
2017 62.9 69.7
2016 61 65.6
2015 61 66.6
2014 61.3 65.5
2013 59.7 65.1
2012 60.2 64.4
2011 60 64.7
2010 60.3 64.2
2009 59.2 63.2
2008 57.7 61.7
2007 56.8 61.2
2006 56.3 58.2
2005 55.1 52.1
2004 54.6 50
2003 57.8 50.6
2002 58.6 48.7
2001 59.1 50
2000 59 52.1
1999 58.1 50.1
1998 58.1 54.4
1997 53.5 50.8
1996 58.1 46.2
1995 55.8 42.9

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

GeoRank.org/economy/dominican-republic/romania | CC BY

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Romania
Services, % of GDP
59.8%
2024
62.6%
2024
Industry, % of GDP
28.7%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
2.81%
2024
GNI, Atlas method
$117B
2024
$335B
2024
GNI per capita, PPP
$26,050
2024
$47,920
2024
Total reserves including gold
$13.5B
2024
$73.4B
2024
Total reserves ranking
71/177
2024
35/177
2024
Net foreign direct investment
-$4.52B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$4.48B
2024
$7.16B
2024
Net outflows of foreign direct investment
-$47.3M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
n/a
Poverty at national poverty lines
19%
2024
19%
2023
Gross capital formation, % of GDP
27%
2024
25%
2024

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/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.