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Economy of Dominican Republic vs San Marino compared: GDP & Debt

Updated on by Georank

The Dominican Republic has a GDP of $127B compared to $2.03B for San Marino, ranking 65/197 and 180/197 by economy size, respectively.

The Dominican Republic has $75.2B in government debt (59% of GDP), compared to $1.39B (60.6% of GDP) in San Marino.

Dominican Republic vs San Marino GDP by year

Dominican Republic
San Marino
1x
Year GDP, current $
Dominican Republic San Marino
2025 $127,407,463,759 -
2024 $124,282,245,639 -
2023 $120,456,239,154 $2,027,243,194
2022 $113,478,103,598 $1,831,701,023
2021 $94,850,719,517 $1,855,395,712
2020 $78,546,672,407 $1,544,713,785
2019 $89,146,130,745 $1,616,231,696
2018 $84,994,732,049 $1,655,354,329
2017 $79,070,274,743 $1,528,621,193
2016 $75,552,902,636 $1,468,342,400
2015 $70,966,782,572 $1,419,400,396
2014 $67,014,329,100 $1,673,910,988
2013 $62,555,417,415 $1,678,741,202
2012 $60,561,635,556 $1,604,701,051
2011 $57,948,261,616 $1,813,717,695
2010 $53,801,053,353 $1,881,191,950
2009 $48,223,781,477 $2,064,277,984
2008 $48,091,433,554 $2,403,214,436
2007 $43,965,458,509 $2,188,653,429
2006 $37,879,830,084 $1,909,765,811
2005 $35,777,560,684 $1,786,513,631
2004 $22,322,387,382 $1,715,341,295
2003 $21,403,167,848 $1,462,590,387
2002 $27,137,440,786 $1,148,872,076
2001 $25,601,823,688 $1,059,529,731
2000 $24,305,780,629 $1,007,661,291
1999 $22,136,579,397 $1,109,473,282
1998 $21,672,215,547 $1,048,316,226
1997 $20,017,450,041 $976,606,911
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

GDP per capita in Dominican Republic vs San Marino by year

Dominican Republic
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $11,059 - - -
2024 $10,876 $27,542 - -
2023 $10,630 $25,840 $59,871 $78,745
2022 $10,104 $24,626 $54,265 $75,941
2021 $8,527 $22,053 $54,169 $64,745
2020 $7,135 $18,998 $44,427 $55,207
2019 $8,183 $19,767 $46,627 $57,444
2018 $7,883 $17,995 $47,951 $54,461
2017 $7,413 $16,846 $45,192 $52,463
2016 $7,160 $16,282 $44,359 $53,033
2015 $6,801 $14,804 $43,147 $52,247
2014 $6,496 $13,465 $51,260 $52,909
2013 $6,137 $12,414 $50,808 $50,770
2012 $6,014 $11,777 $47,946 $51,274
2011 $5,827 $11,695 $55,601 $56,240
2010 $5,479 $11,246 $56,543 $58,926
2009 $4,974 $10,382 $62,429 $61,970
2008 $5,024 $10,346 $75,902 $71,724
2007 $4,650 $9,951 $70,124 $71,744
2006 $4,055 $9,130 $63,271 $67,434
2005 $3,878 $8,215 $59,878 $63,739
2004 $2,452 $7,375 $58,232 $61,114
2003 $2,383 $7,098 $52,530 $60,224
2002 $3,066 $7,158 $41,791 $57,584
2001 $2,936 $6,848 $39,035 $57,252
2000 $2,831 $6,639 $37,601 $53,713
1999 $2,621 $6,305 $41,932 $52,064
1998 $2,608 $5,963 $40,127 $47,679
1997 $2,449 $5,618 $37,853 $44,426
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

The Dominican Republic's GDP per capita is $11,059, ranking 83/197, compared to $59,871 in San Marino, ranking 20/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while San Marino ranks 17th at $78,745.

Economic indicators

Dominican Republic San Marino
Gross domestic product
$127B
2025
$2.03B
2023
GDP rank
65/197
2025
180/197
2023
GDP growth
2.12%
2024-2025
0.4%
2022-2023
GDP per capita
$11,059
2025
$59,871
2023
GDP per capita rank
83/197
2025
20/197
2023
GDP per capita, PPP
$27,542
2024
$78,745
2023
GDP per capita PPP rank
76/197
2024
17/197
2023
Government debt
$75.2B
2025
$1.39B
2023
Debt-to-GDP ratio
59%
2025
60.6%
2025
Government debt per person
$6,525
2025
$40,914
2023
Government debt per person rank
73/185
2025
17/185
2023
Average annual personal income after taxes
$7,179
2026
$46,440
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
19.3%
2025
22%
2025
Consumer prices inflation
3.87%
2024-2025
2.3%
2024-2025
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.17%
2025
4.92%
2022
Population
11656588
34159

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Dominican Republic San Marino
Government spending Government debt Government spending Government debt
2025 19.3% 59% 22% 60.6%
2024 19.5% 58.8% 20.9% 62.9%
2023 19.1% 60.5% 21.7% 68.3%
2022 18.5% 59.6% 21.7% 70.6%
2021 18.4% 62.8% 37.1% 77.2%
2020 22.2% 71.8% 59.2% 69.8%
2019 17.8% 53.5% 22.4% 56.2%
2018 16.5% 50.8% 24.5% 56.7%
2017 17.3% 49.5% 25.6% 56.6%
2016 17% 46.7% 23.4% 21.4%
2015 16.7% 44.8% 26.3% 19.3%
2014 17% 45% 23.7% 21%
2013 18.5% 46.8% 30.2% 23.2%
2012 19.8% 42.4% 30.6% 17.2%
2011 16% 39.1% 25.4% 16.6%
2010 16.1% 37.4% 24.4% 20%
2009 16.2% 36.8% 24.8% 20.1%
2008 18.5% 33.6% 22% 15.5%
2007 16.3% 32.9% 20.7% 12.6%
2006 17% 36% 19.7% 14.2%
2005 15.5% 38.3% 19.3% 14.5%
2004 17.3% 34.3% 19% 16.9%
2003 17.2% 48.2% - 16.1%
2002 16.5% 21.5% - 17.2%
2001 14.9% 20.4% - 11.6%
2000 14.1% 16.7% - -
1999 13.4% 16% - -
1998 12.6% 13.2% - -
1997 13.2% 13.8% - -
1996 11.4% 23% - -
1995 11% 25.7% - -
1994 12.1% 28.5% - -
1993 13% 36.1% - -
1992 10.4% 38.5% - -
1991 8.65% 47.3% - -
1990 9.1% 84.7% - -
1989 11.3% 62.5% - -
1988 12.8% 77% - -
1987 11.2% 86.9% - -
1986 10.4% 63.8% - -
1985 9.8% 66.3% - -
1984 9.32% 28.9% - -
1983 10.2% 32.9% - -
1982 10.2% 33.1% - -
1981 12.1% 29.8% - -
1980 12.8% 15.2% - -
1979 13.8% 24% - -
1978 12.3% 20.9% - -
1977 11.4% 16.4% - -
1976 12.5% 15.6% - -
1975 13.7% 13.1% - -
1974 14.6% 14.6% - -
1973 13.7% 14.6% - -
1972 14.1% 16.4% - -
1971 13.8% 17.8% - -
1970 13.3% 18% - -
1969 15.5% 17.4% - -
1968 15.5% 18.1% - -
1967 15% 16.2% - -
1966 15.2% 14.5% - -
1965 12.8% - - -
1964 16.7% - - -
1963 15.1% - - -
1962 15.7% - - -
1961 20% - - -
1960 20.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

In 2025, the Dominican Republic's government spending was $24.6B, accounting for 19.3% of its GDP, while San Marino spent $439M, or 22% of GDP.

Debt-to-GDP ratio is 59% in the Dominican Republic and 60.6% in San Marino, ranking 80/185 and 75/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

San Marino
1x
Year Deficit/surplus, % of GDP
Dominican Republic San Marino
2025 -3.56% -1%
2024 -3.09% 0.39%
2023 -3.28% -0.72%
2022 -3.25% 0.42%
2021 -2.92% -16.4%
2020 -7.94% -37.6%
2019 -3.46% -0.11%
2018 -2.17% -1.56%
2017 -3.12% -3.49%
2016 -3.11% -0.19%
2015 -0.03% -3.32%
2014 -2.76% 1.06%
2013 -4.41% -7.74%
2012 -6.26% -7.08%
2011 -3.07% -4.05%
2010 -2.97% -2.24%
2009 -2.9% -2.46%
2008 -3.43% 0.18%
2007 0.28% 1.83%
2006 -1.69% 1.51%
2005 -0.71% 3.58%
2004 -3.6% 2.44%
2003 -4.24% -
2002 -2.28% -
2001 -0.73% -
2000 -0.86% -
1999 -0.79% -
1998 -0.29% -
1997 -0.64% -
1996 0.14% -
1995 0.82% -
1994 -0.39% -
1993 -0.16% -
1992 2.35% -
1991 0.11% -
1990 0.39% -
1989 -0.09% -
1988 -1.68% -
1987 -0.75% -
1986 -0.57% -
1985 -1.27% -
1984 -0.95% -
1983 -1.74% -
1982 -2.4% -
1981 -1.92% -
1980 -1.82% -
1979 -3.26% -
1978 -0.82% -
1977 0.15% -
1976 -0.22% -
1975 1.37% -
1974 -0.93% -
1973 -0.53% -
1972 -1.73% -
1971 -0.85% -
1970 -0.68% -
1969 -0.99% -
1968 -0.99% -
1967 -1.68% -
1966 -2.14% -
1965 -1.84% -
1964 -1.36% -
1963 -0.39% -
1962 -1.17% -
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) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

In 2023, the Dominican Republic's government deficit, the difference between spending and revenue, was $3.95B, equivalent to 3.28% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, the Dominican Republic recorded a fiscal deficit in 19 of those years, while San Marino ran a deficit in 13 years. On average, the Dominican Republic posted an annual deficit equal to 3.04% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Dominican Republic

San Marino
1x
Year Consumer prices inflation
Dominican Republic San Marino
2025 3.87% 2.3%
2024 3.3% 1.2%
2023 4.79% 5.9%
2022 8.81% 5.3%
2021 8.24% 1.6%
2020 3.78% -0.1%
2019 1.81% 0.5%
2018 3.56% 1.2%
2017 3.28% 1%
2016 1.61% 0.6%
2015 0.84% 0.1%
2014 3% 1.1%
2013 4.83% 1.6%
2012 3.69% 2.8%
2011 5.8% 2.2%
2010 6.33% 2.4%
2009 1.44% 2.4%
2008 10.6% 4.1%
2007 6.14% 2.5%
2006 7.57% 2.1%
2005 4.19% 1.7%
2004 51.5% 1.4%
2003 27.4% 1.3%
2002 5.22% -
2001 8.88% -
2000 7.72% -
1999 6.47% -
1998 4.83% -
1997 8.3% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2003–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

Over the past 23 years, the Dominican Republic has recorded an average annual inflation rate of 7.67%, compared with 1.97% in San Marino. In 2025, inflation was 3.87% in the Dominican Republic and 2.3% in San Marino.

Balance of trade

Dominican Republic San Marino
Current account balance
-$1.49B
2025
$446M
2023
Current account balance ranking
128/190
2025
60/190
2023
Current account balance, % of GDP
-1.17%
2025
+22%
2023
Goods imports
$29.8B
2025
$2.25B
2023
Goods exports
$16B
2025
$2.53B
2023
Service imports
$5.65B
2025
$894M
2023
Service exports
$14.4B
2025
$1.25B
2023
Imports of goods and services, % of GDP
27.9%
2025
155%
2023
Exports of goods and services, % of GDP
23.6%
2025
186%
2023

Economic freedom indices

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

Dominican Republic San Marino
Economic freedom 63.8 76
Economic freedom ranking 77/197 16/197
Property rights 53.9 n/a
Government integrity 39.8 n/a
Judicial effectiveness 58 n/a
Tax burden 84.4 n/a
Government spending 89.1 n/a
Fiscal health 76.6 n/a
Business freedom 71.4 n/a
Labor freedom 53.2 n/a
Monetary freedom 72.1 n/a
Trade freedom 67.4 n/a
Investment freedom 60 n/a
Financial freedom 40 n/a

Other economic metrics

Dominican Republic San Marino
Services, % of GDP
60.1%
2025
56.9%
2023
Industry, % of GDP
28.4%
2025
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
4.6%
2025
0.02%
2023
GNI, Atlas method
$122B
2025
$1.83B
2023
GNI per capita, PPP
$26,980
2025
$71,920
2023
Total reserves including gold
$14.8B
2025
$861M
2025
Total reserves ranking
71/177
2025
144/177
2025
Net foreign direct investment
-$5.03B
2025
$52.7M
2023
Net inflows of foreign direct investment
$4.48B
2024
-$18.1M
2023
Net outflows of foreign direct investment
-$47.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.61%
2024
n/a
Poverty at national poverty lines
17.3%
2025
n/a
Gross capital formation, % of GDP
24.7%
2025
16.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominican-republic/san-marino | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.