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Economy of Dominican Republic vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

The Dominican Republic has a GDP of $124B compared to $41.5B for Zimbabwe, ranking 63/197 and 102/197 by economy size, respectively.

The Dominican Republic has $73.1B in government debt (58.8% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Dominican Republic vs Zimbabwe GDP by year

Dominican Republic
Zimbabwe
1x
Year GDP, current $
Dominican Republic Zimbabwe
2024 $124,282,245,639 $41,539,411,516
2023 $120,456,239,154 $35,871,779,681
2022 $113,478,087,135 $40,757,561,709
2021 $94,850,719,517 $41,287,673,690
2020 $78,546,672,407 $31,980,334,561
2019 $89,146,130,745 $33,357,695,635
2018 $84,994,732,049 $34,141,666,667
2017 $79,070,274,743 $51,035,657,371
2016 $75,552,902,636 $20,559,250,000
2015 $70,966,782,572 $19,973,250,000
2014 $67,014,329,100 $19,505,500,000
2013 $62,555,417,415 $19,100,750,000
2012 $60,561,635,556 $17,123,500,000
2011 $57,948,261,616 $14,109,000,000
2010 $53,801,053,353 $12,047,750,000
2009 $48,223,781,477 $9,670,750,000
2008 $48,091,433,554 $4,418,000,000
2007 $43,965,458,509 $5,294,750,000
2006 $37,879,830,084 $5,446,750,000
2005 $35,777,560,684 $5,758,250,000
2004 $22,322,387,382 $5,808,500,000
2003 $21,403,167,848 $5,730,500,000
2002 $27,137,440,786 $6,345,250,000
2001 $25,601,823,688 $6,780,750,000
2000 $24,305,780,629 $6,693,250,000
1999 $22,136,579,397 $6,861,500,000
1998 $21,672,215,547 $6,405,250,000
1997 $20,017,450,041 $8,534,000,000
1996 $18,241,622,548 $8,557,500,000
1995 $16,637,370,839 $7,115,000,000
1994 $14,644,734,599 $6,894,250,000
1993 $13,081,042,400 $6,567,250,000
1992 $11,605,382,504 $6,755,000,000
1991 $9,824,483,340 $8,646,000,000
1990 $7,073,675,545 $8,788,301,546
1989 $6,686,593,060 $8,290,553,535
1988 $5,374,299,981 $7,818,774,177
1987 $5,827,050,753 $6,744,657,033
1986 $6,122,128,558 $6,220,698,247
1985 $5,044,579,979 $5,640,137,575
1984 $11,594,000,000 $6,355,369,172
1983 $9,220,600,000 $7,768,031,182
1982 $8,267,400,000 $8,544,060,905
1981 $7,561,300,000 $8,015,464,252
1980 $6,761,300,000 $6,682,278,300
1979 $5,498,800,000 $5,180,102,910
1978 $4,734,400,000 $4,353,822,343
1977 $4,587,100,000 $4,366,610,469
1976 $3,951,500,000 $4,320,576,877
1975 $3,599,200,000 $4,373,532,601
1974 $2,925,700,000 $3,984,194,614
1973 $2,344,800,000 $3,311,043,292
1972 $1,987,400,000 $2,679,096,597
1971 $1,666,500,000 $2,179,828,710
1970 $1,485,500,000 $1,885,168,339
1969 $1,230,500,000 $1,748,891,294
1968 $1,079,100,000 $1,480,355,355
1967 $1,034,800,000 $1,397,715,282
1966 $983,900,000 $1,282,403,936
1965 $888,100,000 $1,312,105,394
1964 $1,025,599,900 $1,217,759,447
1963 $940,799,900 $1,160,103,724
1962 $824,100,000 $1,118,172,226
1961 $654,100,200 $1,097,206,526
1960 $672,399,700 $1,053,528,036

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Dominican Republic vs Zimbabwe by year

Dominican Republic
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominican Republic Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,876 $27,542 $2,497 $5,928
2023 $10,630 $25,840 $2,195 $5,791
2022 $10,104 $24,626 $2,536 $5,396
2021 $8,527 $22,053 $2,614 $4,827
2020 $7,135 $18,998 $2,060 $4,179
2019 $8,183 $19,767 $2,184 $4,166
2018 $7,883 $17,995 $2,271 $3,993
2017 $7,413 $16,846 $3,445 $10,756
2016 $7,160 $16,282 $1,408 $4,275
2015 $6,801 $14,804 $1,387 $4,046
2014 $6,496 $13,465 $1,373 $3,903
2013 $6,137 $12,414 $1,363 $3,784
2012 $6,014 $11,777 $1,239 $3,472
2011 $5,827 $11,695 $1,038 $3,047
2010 $5,479 $11,246 $902 $2,661
2009 $4,974 $10,382 $736 $2,233
2008 $5,024 $10,346 $341 $1,987
2007 $4,650 $9,951 $414 $2,396
2006 $4,055 $9,130 $431 $2,454
2005 $3,878 $8,215 $461 $2,496
2004 $2,452 $7,375 $470 $2,591
2003 $2,383 $7,098 $468 $2,708
2002 $3,066 $7,158 $525 $3,238
2001 $2,936 $6,848 $566 $3,533
2000 $2,831 $6,639 $563 $3,429
1999 $2,621 $6,305 $582 $3,491
1998 $2,608 $5,963 $552 $3,527
1997 $2,449 $5,618 $751 $3,457
1996 $2,271 $5,161 $767 $3,372
1995 $2,109 $4,871 $648 $3,051
1994 $1,892 $4,599 $634 $3,012
1993 $1,722 $4,474 $605 $2,703
1992 $1,558 $4,151 $631 $2,651
1991 $1,346 $3,722 $831 $2,930
1990 $989 $3,641 $867 $2,757
1989 $955 - $840 -
1988 $784 - $816 -
1987 $868 - $726 -
1986 $932 - $693 -
1985 $784 - $649 -
1984 $1,844 - $757 -
1983 $1,500 - $959 -
1982 $1,376 - $1,096 -
1981 $1,288 - $1,069 -
1980 $1,180 - $949 -
1979 $984 - $779 -
1978 $868 - $665 -
1977 $863 - $677 -
1976 $763 - $687 -
1975 $713 - $717 -
1974 $595 - $674 -
1973 $490 - $579 -
1972 $427 - $483 -
1971 $368 - $406 -
1970 $338 - $361 -
1969 $287.7 - $346 -
1968 $259.6 - $302 -
1967 $256.2 - $294.4 -
1966 $250.9 - $278.7 -
1965 $233.2 - $294.3 -
1964 $277.3 - $281.9 -
1963 $262.2 - $277.1 -
1962 $236.8 - $275.7 -
1961 $193.9 - $279.2 -
1960 $205.7 - $276.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

The Dominican Republic's GDP per capita is $10,876, ranking 83/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), the Dominican Republic ranks 76th at $27,542, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Dominican Republic Zimbabwe
Gross domestic product
$124B
2024
$41.5B
2024
GDP rank
63/197
2024
102/197
2024
GDP growth
4.95%
2023-2024
1.74%
2023-2024
GDP per capita
$10,876
2024
$2,497
2024
GDP per capita rank
83/197
2024
148/197
2024
GDP per capita, PPP
$27,542
2024
$5,928
2024
GDP per capita PPP rank
76/197
2024
154/197
2024
Government debt
$73.1B
2024
$30.3B
2024
Debt-to-GDP ratio
58.8%
2024
73%
2024
Government debt per person
$6,394
2024
$1,824
2024
Government debt per person rank
71/185
2024
121/185
2024
Average annual personal income after taxes
$6,547
2026
$2,897
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
29.5%
2024
40.5%
2019
Income share by poorest 10%
2.3%
2024
1.9%
2019
Government expenditure, % of GDP
19.5%
2024
12.9%
2024
Consumer prices inflation
3.3%
2023-2024
736%
2023-2024
Central bank interest rate
5.5%
2025
35%
2024
Unemployment rate
5.31%
2024
12.1%
2024
Population
11637906
17361868

Spending and national debt comparison by year

Dominican Republic
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Dominican Republic Zimbabwe
Government spending Government debt Government spending Government debt
2024 19.5% 58.8% 12.9% 73%
2023 19.1% 60.5% 15.5% 76.1%
2022 18.5% 59.6% 14.4% 66.8%
2021 18.4% 62.8% 12.8% 39.9%
2020 22.2% 71.8% 9.27% 56.8%
2019 17.8% 53.5% 9.36% 53.9%
2018 16.5% 50.8% 13.9% 33%
2017 17.3% 49.5% 19.8% 49%
2016 17% 46.7% 16.6% 35.1%
2015 16.7% 44.8% 14.7% 34.1%
2014 17% 45% 14.1% 29.2%
2013 18.5% 46.8% 14.7% 26.4%
2012 19.8% 42.4% 14.6% 27.2%
2011 16% 39.1% 16.2% 30%
2010 16.1% 37.4% 12.8% 33.2%
2009 16.2% 36.8% 7.93% 39.7%
2008 18.5% 33.6% 2.54% 41.3%
2007 16.3% 32.9% 3.43% 30.2%
2006 17% 36% 5.72% 26.7%
2005 15.5% 38.3% 10.5% 22.4%
2004 17.3% 34.3% - -
2003 17.2% 48.2% - -
2002 16.5% 21.5% - -
2001 14.9% 20.4% - -
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, the Dominican Republic's government spending was $24.2B, accounting for 19.5% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 58.8% in the Dominican Republic and 73% in Zimbabwe, ranking 83/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Dominican Republic

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Dominican Republic Zimbabwe
2024 -3.09% -1.06%
2023 -3.28% -3.9%
2022 -3.25% -3.3%
2021 -2.92% -2.24%
2020 -7.94% -0.34%
2019 -3.46% -1.72%
2018 -2.17% -3.81%
2017 -3.12% -7.37%
2016 -3.11% -4.63%
2015 -0.03% -1.45%
2014 -2.76% -0.71%
2013 -4.41% -0.69%
2012 -6.26% -0.13%
2011 -3.07% -1.72%
2010 -2.97% -0.11%
2009 -2.9% -1.39%
2008 -3.43% -1.2%
2007 0.28% -1.67%
2006 -1.69% -1.4%
2005 -0.71% -3.46%
2004 -3.6% -
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/dominican-republic/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, the Dominican Republic recorded a fiscal deficit in 19 of those years, while Zimbabwe ran a deficit in 20 years. On average, the Dominican Republic posted an annual deficit equal to 3.01% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Dominican Republic

Zimbabwe
1x
Year Consumer prices inflation
Dominican Republic Zimbabwe
2024 3.3% 736%
2023 4.79% 667%
2022 8.81% 193.4%
2021 8.24% 98.5%
2020 3.78% 557%
2019 1.81% 255.3%
2018 3.56% 10.6%
2017 3.28% 0.9%
2016 1.61% -1.6%
2015 0.84% -2.4%
2014 3% -0.2%
2013 4.83% 1.6%
2012 3.69% 3.7%
2011 5.8% 3.5%
2010 6.33% 3%
2009 1.44% 6.2%
2008 10.6% 157%
2007 6.14% -72.7%
2006 7.57% 33%
2005 4.19% -31.5%
2004 51.5% 113.6%
2003 27.4% -8.6%
2002 5.22% -34.4%
2001 8.88% -37.2%
2000 7.72% 4.5%
1999 6.47% -13.4%
1998 4.83% -28%
1997 8.3% -1%

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/zimbabwe | CC BY

Over the past 28 years, the Dominican Republic has recorded an average annual inflation rate of 7.64%, compared with 93.4% in Zimbabwe. In 2024, inflation was 3.3% in the Dominican Republic and 736% in Zimbabwe.

Top exports between countries

Dominican Republic
Export category Export value
Processed food, beverages & tobacco $4K
Zimbabwe
Export category Export value
Processed food, beverages & tobacco $403K

Balance of trade

Dominican Republic Zimbabwe
Current account balance
-$4.17B
2024
$501M
2024
Current account balance ranking
163/190
2024
62/190
2024
Current account balance, % of GDP
-3.35%
2024
+1.21%
2024
Goods imports
$29.8B
2024
$9.06B
2024
Goods exports
$13.9B
2024
$7.79B
2024
Service imports
$6.34B
2024
$1.66B
2024
Service exports
$14.7B
2024
$457M
2024
Imports of goods and services, % of GDP
29%
2024
23.4%
2024
Exports of goods and services, % of GDP
22.8%
2024
18%
2024

Economic freedom indices

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

Dominican Republic Zimbabwe
Economic freedom 63.8 35.2
Economic freedom ranking 77/197 190/197
Property rights 53.9 19.4
Government integrity 39.8 20.7
Judicial effectiveness 58 16.8
Tax burden 84.4 73.6
Government spending 89.1 93.9
Fiscal health 76.6 52.4
Business freedom 71.4 42
Labor freedom 53.2 33.3
Monetary freedom 72.1 0
Trade freedom 67.4 50.4
Investment freedom 60 10
Financial freedom 40 10

Economic freedom comparison by year

Dominican Republic
Zimbabwe
1x
Year Economic freedom index
Dominican Republic Zimbabwe
2026 63.8 35.2
2025 64.3 35.1
2024 62.9 38.2
2023 62.6 39
2022 63 33.1
2021 62.1 39.5
2020 60.9 43.1
2019 61 40.4
2018 61.6 44
2017 62.9 44
2016 61 38.2
2015 61 37.6
2014 61.3 35.5
2013 59.7 28.6
2012 60.2 26.3
2011 60 22.1
2010 60.3 21.4
2009 59.2 22.7
2008 57.7 29.5
2007 56.8 32
2006 56.3 33.5
2005 55.1 35.2
2004 54.6 34.4
2003 57.8 36.7
2002 58.6 36.7
2001 59.1 38.8
2000 59 48.7
1999 58.1 47.2
1998 58.1 44.6
1997 53.5 48
1996 58.1 46.7
1995 55.8 48.5

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

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

The Economic Freedom Index for the Dominican Republic is 63.8, ranking 77/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominican Republic Zimbabwe
Services, % of GDP
59.8%
2024
50.6%
2024
Industry, % of GDP
28.7%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
4.45%
2024
8.69%
2024
GNI, Atlas method
$117B
2024
$39.9B
2024
GNI per capita, PPP
$26,050
2024
$5,870
2024
Total reserves including gold
$13.5B
2024
$485M
2024
Total reserves ranking
71/177
2024
157/177
2024
Net foreign direct investment
-$4.52B
2024
-$465M
2024
Net inflows of foreign direct investment
$4.48B
2024
$465M
2024
Net outflows of foreign direct investment
-$47.3M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
5.62%
2024
3.44%
2024
Poverty at national poverty lines
19%
2024
38.3%
2019
Gross capital formation, % of GDP
27%
2024
8.85%
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/zimbabwe | 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 (1997–2024, 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. TradeMap (2023–2024, 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.