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Economy of Dominican Republic vs Vanuatu compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $1.12B for Vanuatu, ranking 63/197 and 188/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Dominican Republic vs Vanuatu GDP by year

Dominican Republic
Vanuatu
1x
Year GDP, current $
Dominican Republic Vanuatu
2024 $124,282,245,639 $1,117,972,034
2023 $120,456,239,154 $1,115,861,056
2022 $113,478,087,135 $1,055,031,361
2021 $94,850,719,517 $950,394,007
2020 $78,546,672,407 $909,421,044
2019 $89,146,130,745 $936,526,268
2018 $84,994,732,049 $914,727,908
2017 $79,070,274,743 $880,043,284
2016 $75,552,902,636 $804,323,577
2015 $70,966,782,572 $759,690,181
2014 $67,014,329,100 $773,717,011
2013 $62,555,417,415 $758,304,466
2012 $60,561,635,556 $747,839,698
2011 $57,948,261,616 $770,153,588
2010 $53,801,053,353 $670,712,980
2009 $48,223,781,477 $592,622,319
2008 $48,091,433,554 $590,748,429
2007 $43,965,458,509 $516,392,923
2006 $37,879,830,084 $439,358,587
2005 $35,777,560,684 $394,962,433
2004 $22,322,387,382 $364,996,869
2003 $21,403,167,848 $314,471,413
2002 $27,137,440,786 $262,596,536
2001 $25,601,823,688 $257,926,882
2000 $24,305,780,629 $272,014,628
1999 $22,136,579,397 $268,006,973
1998 $21,672,215,547 $262,293,411
1997 $20,017,450,041 $272,771,209
1996 $18,241,622,548 $261,370,044
1995 $16,637,370,839 $249,333,250
1994 $14,644,734,599 $233,701,301
1993 $13,081,042,400 $200,491,853
1992 $11,605,382,504 $209,088,825
1991 $9,824,483,340 $201,334,169
1990 $7,073,675,545 $168,879,207
1989 $6,686,593,060 $154,013,202
1988 $5,374,299,981 $158,351,368
1987 $5,827,050,753 $139,464,174
1986 $6,122,128,558 $126,498,935
1985 $5,044,579,979 $131,856,421
1984 $11,594,000,000 $144,482,515
1983 $9,220,600,000 $117,389,554
1982 $8,267,400,000 $114,501,913
1981 $7,561,300,000 $113,781,796
1980 $6,761,300,000 $121,185,498
1979 $5,498,800,000 $119,258,835
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/vanuatu | CC BY

GDP per capita in Dominican Republic vs Vanuatu by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $3,411 $3,606
2023 $10,630 $25,840 $3,483 $3,568
2022 $10,104 $24,626 $3,370 $3,453
2021 $8,527 $22,053 $3,107 $3,136
2020 $7,135 $18,998 $3,043 $3,118
2019 $8,183 $19,767 $3,207 $3,315
2018 $7,883 $17,995 $3,207 $3,233
2017 $7,413 $16,846 $3,160 $3,146
2016 $7,160 $16,282 $2,956 $3,030
2015 $6,801 $14,804 $2,855 $2,966
2014 $6,496 $13,465 $2,973 $2,890
2013 $6,137 $12,414 $2,980 $2,832
2012 $6,014 $11,777 $3,005 $2,834
2011 $5,827 $11,695 $3,163 $2,816
2010 $5,479 $11,246 $2,815 $2,733
2009 $4,974 $10,382 $2,546 $2,730
2008 $5,024 $10,346 $2,604 $2,701
2007 $4,650 $9,951 $2,334 $2,573
2006 $4,055 $9,130 $2,035 $2,496
2005 $3,878 $8,215 $1,874 $2,287
2004 $2,452 $7,375 $1,774 $2,157
2003 $2,383 $7,098 $1,567 $2,070
2002 $3,066 $7,158 $1,341 $1,995
2001 $2,936 $6,848 $1,350 $2,125
2000 $2,831 $6,639 $1,460 $2,206
1999 $2,621 $6,305 $1,472 $2,084
1998 $2,608 $5,963 $1,471 $2,091
1997 $2,449 $5,618 $1,562 $2,087
1996 $2,271 $5,161 $1,529 $1,998
1995 $2,109 $4,871 $1,492 $1,961
1994 $1,892 $4,599 $1,431 $1,946
1993 $1,722 $4,474 $1,257 $1,789
1992 $1,558 $4,151 $1,344 $1,777
1991 $1,346 $3,722 $1,326 $1,737
1990 $989 $3,641 $1,141 $1,670
1989 $955 - $1,067 -
1988 $784 - $1,125 -
1987 $868 - $1,017 -
1986 $932 - $946 -
1985 $784 - $1,012 -
1984 $1,844 - $1,137 -
1983 $1,500 - $947 -
1982 $1,376 - $946 -
1981 $1,288 - $962 -
1980 $1,180 - $1,048 -
1979 $984 - $1,055 -
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/vanuatu | CC BY

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Vanuatu ranks 170th at $3,606.

Economic indicators

Dominican Republic Vanuatu
Gross domestic product
$124B
2024
$1.12B
2024
GDP rank
63/197
2024
188/197
2024
GDP growth
4.95%
2023-2024
0.94%
2023-2024
GDP per capita
$10,876
2024
$3,411
2024
GDP per capita rank
83/197
2024
137/197
2024
GDP per capita, PPP
$27,542
2024
$3,606
2024
GDP per capita PPP rank
76/197
2024
170/197
2024
Government debt
$73.1B
2024
$507M
2024
Debt-to-GDP ratio
58.8%
2024
45.3%
2024
Government debt per person
$6,394
2024
$1,546
2024
Government debt per person rank
71/185
2024
131/185
2024
Average annual personal income after taxes
$6,547
2026
$3,164
2026
Income share by richest 10%
29.5%
2024
24.7%
2019
Income share by poorest 10%
2.3%
2024
3%
2019
Government expenditure, % of GDP
19.5%
2024
41.1%
2024
Consumer prices inflation
3.3%
2023-2024
11.2%
2022-2023
Central bank interest rate
5.5%
2025
n/a
Unemployment rate
5.31%
2024
4.05%
2020
Population
11637906
344750

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Dominican Republic Vanuatu
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 41.1% 45.3%
2023 19.1% 60.5% 41.6% 41.8%
2022 18.5% 59.6% 42% 42.8%
2021 18.4% 62.8% 44.4% 48.5%
2020 22.2% 71.8% 43.4% 48%
2019 17.8% 53.5% 39.8% 45.1%
2018 16.5% 50.8% 33.3% 45.3%
2017 17.3% 49.5% 37.1% 52.6%
2016 17% 46.7% 35.2% 42.5%
2015 16.7% 44.8% 42.4% 36.3%
2014 17% 45% 23.3% 20.2%
2013 18.5% 46.8% 22.9% 18.6%
2012 19.8% 42.4% 24.5% 19.3%
2011 16% 39.1% 25.1% 21.3%
2010 16.1% 37.4% 28.3% 20.2%
2009 16.2% 36.8% 27.6% 21.1%
2008 18.5% 33.6% 27.8% 21.2%
2007 16.3% 32.9% 22.5% 19.5%
2006 17% 36% 20.1% 22.2%
2005 15.5% 38.3% 18.3% 26.3%
2004 17.3% 34.3% 18.5% 30.4%
2003 17.2% 48.2% 18.8% 38.3%
2002 16.5% 21.5% 22.3% 38.8%
2001 14.9% 20.4% 22.3% 37%
2000 14.1% 16.7% 25.4% 36.1%
1999 13.4% 16% 23.9% 30.6%
1998 12.6% 13.2% 27.9% 28%
1997 13.2% 13.8% 22.2% 22.9%
1996 11.4% 23% 24.5% 23.1%
1995 11% 25.7% 28% 24.1%
1994 12.1% 28.5% 24.4% 21.6%
1993 13% 36.1% 26.2% 20.3%
1992 10.4% 38.5% 31.8% 21%
1991 8.65% 47.3% 33.2% 15.9%
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 (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 45.3% in Vanuatu, ranking 83/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Vanuatu
1x
Year Deficit/surplus, % of GDP
Dominican Republic Vanuatu
2024 -3.09% -2.34%
2023 -3.28% -0.95%
2022 -3.25% -6.5%
2021 -2.92% 2.38%
2020 -7.94% -1.95%
2019 -3.46% 2.81%
2018 -2.17% 6.26%
2017 -3.12% -1.2%
2016 -3.11% -0.72%
2015 -0.03% -8.66%
2014 -2.76% 1.44%
2013 -4.41% -0.25%
2012 -6.26% -1.7%
2011 -3.07% -2.19%
2010 -2.97% -2.63%
2009 -2.9% -0.85%
2008 -3.43% -0.04%
2007 0.28% 0.28%
2006 -1.69% 0.49%
2005 -0.71% 1.86%
2004 -3.6% 0.8%
2003 -4.24% -1.35%
2002 -2.28% -3.63%
2001 -0.73% -3.33%
2000 -0.86% -6.28%
1999 -0.79% -0.55%
1998 -0.29% -6.65%
1997 -0.64% -0.51%
1996 0.14% -1.78%
1995 0.82% -2.59%
1994 -0.39% -1.49%
1993 -0.16% -3.67%
1992 2.35% -2.32%
1991 0.11% -2.81%
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 (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, the Dominican Republic recorded a fiscal deficit in 29 of those years, while Vanuatu ran a deficit in 26 years. On average, the Dominican Republic posted an annual deficit equal to 2.08% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Dominican Republic

Vanuatu
1x
Year Consumer prices inflation
Dominican Republic Vanuatu
2024 3.3% -
2023 4.79% 11.2%
2022 8.81% 6.68%
2021 8.24% 2.34%
2020 3.78% 5.33%
2019 1.81% 2.76%
2018 3.56% 2.33%
2017 3.28% 3.08%
2016 1.61% 0.84%
2015 0.84% 2.48%
2014 3% 0.8%
2013 4.83% 1.46%
2012 3.69% 1.35%
2011 5.8% 0.87%
2010 6.33% 2.76%
2009 1.44% 4.3%
2008 10.6% 4.84%
2007 6.14% 3.94%
2006 7.57% 2.04%
2005 4.19% 1.2%
2004 51.5% 1.42%
2003 27.4% 3.02%
2002 5.22% 1.96%
2001 8.88% 3.58%
2000 7.72% 2.54%
1999 6.47% 2%
1998 4.83% 3.28%
1997 8.3% 2.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 27 years, the Dominican Republic has recorded an average annual inflation rate of 7.8%, compared with 3.01% in Vanuatu. In 2023, inflation was 3.3% in the Dominican Republic and 11.2% in Vanuatu.

Top exports between countries

Dominican Republic
Export category Export value
Machinery & equipment $8K
Vanuatu
Export category Export value

Balance of trade

Dominican Republic Vanuatu
Current account balance
-$4.17B
2024
-$127M
2022
Current account balance ranking
163/190
2024
90/190
2022
Current account balance, % of GDP
-3.35%
2024
-12.1%
2022
Goods imports
$29.8B
2024
$350M
2022
Goods exports
$13.9B
2024
$73.6M
2022
Service imports
$6.34B
2024
$230M
2022
Service exports
$14.7B
2024
$78.5M
2022
Imports of goods and services, % of GDP
29%
2024
54.2%
2022
Exports of goods and services, % of GDP
22.8%
2024
9.43%
2022

Economic freedom indices

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

Dominican Republic Vanuatu
Economic freedom 63.8 61.1
Economic freedom ranking 77/197 92/197
Property rights 53.9 62.1
Government integrity 39.8 48.3
Judicial effectiveness 58 67.9
Tax burden 84.4 96.9
Government spending 89.1 48.1
Fiscal health 76.6 78.8
Business freedom 71.4 50.3
Labor freedom 53.2 41
Monetary freedom 72.1 72.1
Trade freedom 67.4 62
Investment freedom 60 65
Financial freedom 40 40

Economic freedom comparison by year

Dominican Republic
Vanuatu
1x
Year Economic freedom index
Dominican Republic Vanuatu
2026 63.8 61.1
2025 64.3 61.8
2024 62.9 62.2
2023 62.6 62.1
2022 63 62.9
2021 62.1 60.5
2020 60.9 60.7
2019 61 56.4
2018 61.6 69.5
2017 62.9 67.4
2016 61 60.8
2015 61 61.1
2014 61.3 59.5
2013 59.7 56.6
2012 60.2 56.6
2011 60 56.7
2010 60.3 56.4
2009 59.2 58.4
2008 57.7 -
2007 56.8 -
2006 56.3 -
2005 55.1 -
2004 54.6 -
2003 57.8 -
2002 58.6 -
2001 59.1 -
2000 59 -
1999 58.1 -
1998 58.1 -
1997 53.5 -
1996 58.1 -
1995 55.8 -

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

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

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Vanuatu
Services, % of GDP
59.8%
2024
59.1%
2022
Industry, % of GDP
28.7%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
24.3%
2022
GNI, Atlas method
$117B
2024
$1.28B
2024
GNI per capita, PPP
$26,050
2024
$4,140
2024
Total reserves including gold
$13.5B
2024
$615M
2024
Total reserves ranking
71/177
2024
152/177
2024
Net foreign direct investment
-$4.52B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$4.48B
2024
$28.9M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
2.04%
2024
Poverty at national poverty lines
19%
2024
15.9%
2020
Gross capital formation, % of GDP
27%
2024
38.3%
2022

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/vanuatu | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2022, retrieved 2026-02-08)

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.