Mineral mining in the country has stagnated from the time the country experienced a slump in the mid-1980s. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. GDP of Dominican Republic increased from 24.31 billion US dollars in 2000 to 89.03 billion US dollars in 2019 growing at an average annual rate of 7.87%. The Dominican Republic is an upper middle-income country and the second largest economy in the Caribbean. The Dominican Republic continues to be one of the best performing countries in Latin America in economic terms, with an average GDP growth of around 6.3% in the period of 2014-2018. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per … On June 5,2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Dominican Republic. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. The statistic shows gross domestic product (GDP) in Dominican Republic from 1984 to 2018, with projections up until 2021. Data are in current U.S. dollars. In 2019, GDP per capita based on PPP for Dominican Republic was 19,898 international dollars. Over the last two decades, the Dominican Republic has had one of the fastest-growing economies in the Americas – with an average real GDP growth rate of 5.4% between 1992 and 2014. PPP GDP is gross domestic product converted to 2000 constant international dollars using purchasing power parity rates. This statistic shows the national debt of Dominican Republic from 2015 to 2019 in relation to the gross domestic product (GDP), with projections up until 2025. The economy contracted 16.8% in the second quarter according to monthly economic activity (IMAE) data as domestic lockdown measures and the border closure crushed activity (Q1: +0.2% year-on-year).

Santo Domingo.- The Central Bank on Tue. 94.225% less COVID-19 confirmed cases (total)? GDP in Dominican Republic averaged 21.82 USD Billion from 1960 until 2019, reaching an all time high of 88.94 USD Billion in 2019 and a record low of 0.65 USD Billion in 1961. Dominican Republic gdp per capita for 2016 was $7,281, a 5.19% increase from 2015. Current Account to GDP in Dominican Republic averaged -2.67 percent from 1993 until 2019, reaching an all time high of 5 percent in 2003 and a record low of -9.40 percent in 2008. All news about Dominican Republic At a Glance 2021 Projected Real GDP (% Change) : -6.0 Access the latest politics analysis and economic growth summary through 2011 for Dominican Republic from The Economist Intelligence Unit 10,127 vs 175374 A liability management operation in January 2015, in which the government paid down over $4 billion of the country’s Petrocaribe debt at a discount of 52% with proceeds from the sale of $2.5 billion in global bonds, reduced the country’s debt load by approximately by 4% of GDP. It's ranking among other countries is 75. km (18,792 sq mi). Despite its strong growth and macroeconomic stability, the country has not witnessed significant welfare improvements, until very recently Publish your articles and forecasts in our website. said the level of public debt could close this year at around 68.1% of GDP. Access Dominican Republic’s economy facts, statistics, project information, development research from experts and latest news. Dominican Republic GDP: 144 billion International Dollars (2017) Gross Domestic Product (PPP in 2011 prices) Source: World Bank > Dominican Republic > Dominican Republic Military Spending Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and may be delayed. km (18,792 sq mi). The DR remains the most rapid economy in the region in 2014 and 2015, with a real GDP growth at 7 percent. [26] Foreign direct investment (FDI) plays a prominent role in the Dominican economy. {"2006":8193569.57, "2007":8887949.73, "2008":9355071.89, "2009":9678192.50, "2010":10010748.25, "2011":10459522.83, "2012":10734608.28, "2013":11243643.40, "2014":12103330.73, "2015":12954557.99, "2016":13811113.36, "2017":14439795.24, "2018":15450580.91, "2019":16234079.86}, [{"1950":4.68, "1951":5.23, "1952":5.66, "1953":5.59, "1954":5.91, "1955":6.27, "1956":6.90, "1957":7.34, "1958":7.73, "1959":7.77, "1960":7.90, "1961":7.76, "1962":9.20, "1963":9.81, "1964":10.44, "1965":9.31, "1966":10.36, "1967":10.61, "1968":10.60, "1969":11.65, "1970":13.69, "1971":15.18, "1972":16.76, "1973":18.92, "1974":20.05, "1975":21.10, "1976":22.51, "1977":23.64, "1978":24.14, "1979":25.24, "1980":27.25, "1981":28.41, "1982":28.90, "1983":30.23, "1984":30.61, "1985":29.96, "1986":31.02, "1987":34.16, "1988":34.89, "1989":36.43, "1990":34.60, "1991":34.87, "1992":38.54, "1993":41.32, "1994":42.27, "1995":44.59, "1996":47.77, "1997":51.60, "1998":55.22, "1999":58.92, "2000":62.26, "2001":63.38, "2002":67.05, "2003":66.88, "2004":67.76, "2005":74.04, "2006":81.94, "2007":88.88, "2008":93.55, "2009":96.78, "2010":100.11, "2011":104.60, "2012":107.35, "2013":112.44, "2014":121.03, "2015":129.55, "2016":138.11, "2017":144.40, "2018":154.51, "2019":162.34}], {"1972":10.4, "1973":12.9, "1974":6.0, "1975":5.2, "1976":6.7, "1977":5.0, "1978":2.1, "1979":4.5, "1980":8.0, "1981":4.3, "1982":1.7, "1983":4.6, "1984":1.3, "1985":-2.1, "1986":3.5, "1987":10.1, "1988":2.2, "1989":4.4, "1990":-5.0, "1991":0.8, "1992":10.5, "1993":7.2, "1994":2.3, "1995":5.5, "1996":7.1, "1997":8.0, "1998":7.0, "1999":6.7, "2000":5.7, "2001":1.8, "2002":5.8, "2003":-0.3, "2004":1.3, "2005":9.3, "2006":10.7, "2007":8.5, "2008":5.3, "2009":3.5, "2010":3.4, "2011":4.5, "2012":2.6, "2013":4.7, "2014":7.6, "2015":7.0, "2016":6.6, "2017":4.6, "2018":7.0, "2019":5.1}. The Dominican Republic, occupying the eastern two-thirds of the island of Hispaniola, is the 2 nd largest country in the Caribbean. Latest news and information from the World Bank and its development work in Dominican Republic. It has an area of 48,671 sq. Latest news and information from the World Bank and its development work in Dominican Republic. PIB (US$ a precios actuales) - Dominican Republic from The World Bank: Data As from 2000 mining in the Dominican Republic accounted for approximately 2% of the GDP and it grew by almost 7.8%. Dominican law mandates that four percent of the GDP must be spent on education, but only about two percent of the GDP is invested in education in the Dominican Republic. Domin. GDP (current US$) - Dominican Republic. Updated as of 2020. Real GDP at Constant National Prices for Dominican Republic Millions of 2011 U.S. Direct access to our calendar releases and historical data. Remittances from the US amount to about 7% of GDP, equivalent to about a third of exports and two-thirds of tourism receipts. This page provides - Dominican Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Coronavirus Cases at 175849.00 Persons, Dominican Republic Coronavirus Deaths at 2423.00 Persons, Dominican Republic Coronavirus Recovered at 135587.00 Persons, Dominican Republic Corporate Tax Rate at 27.00 percent, Deposit Interest Rate in Dominican Republic at 7.60 percent, Ease of Doing Business in Dominican Republic at 115.00, Dominican Republic Business Confidence at 55.60 points, Dominican Republic Capital Flows at 1386.50 USD Million, Dominican Republic Changes In Inventories at -18141.52 DOP Millions, Dominican Republic Cpi Housing Utilities at 125.47 points, Brazilian Shares Finish at New Record High, WTI Crude Books Big Weekly Gain after Saudi Arabia Cut, Gold Sinks More than 3% to Near 1-Month Low, Tanzania December Inflation Rate Hits 4-Month High, Mozambique December Inflation at 10-Month High. Dominican Republic gnp for 2019 was $86.88B, a 5.3% increase from 2018. Dominican Republic - Economy Traditionally, the economy of the Dominican Republic has been based primarily on agriculture, with sugar, coffee and tobacco as the main export crops, but over the last few years the services sector has become the largest employer (about 60% of the labor force), led by tourism. However, improving external conditions will support a recovery thereafter. Dominican Republic gnp for 2018 was $82.51B, a 10.65% increase from 2017. The Dominican Republic is an upper-middle income developing country primarily dependent on mining, agriculture, trade, and services. Dominican Republic gdp per capita for 2018 was $8,051, a 5.8% increase from 2017. [26] Photos, statistics and additional rankings of Dominican Republic. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. How does Haiti compare to Dominican Republic? That 5.1% for exports to overall GDP in PPP for 2019 compares to 5% for 2018. The DR’s GDP grew to US$81.3B in 2018, supported mainly by sectors like communications (12.3%), construction (12.2%), health sector (8.7%), commerce (8.3%), and Financial Services. Dominican Republic Global Economic Prospects examines trends for the world economy and how they affect developing countries. All rights reserved. ... GDP Per Capita, PPP $18,346. The economy contracted 16.8% in the second quarter according to monthly economic activity (IMAE) data as domestic lockdown measures and the … Dominican Republic - GDP Economy plunges in Q2 overall, although contraction eases in May and June. The economy contracted 7.2% in Q3 according to preliminary data, much milder than Q2’s 16.9% collapse.

Santo Domingo.- The Central Bank of the Dominican Republic on Thur. Over the last two decades, the Dominican Republic have been standing out as one of the fastest economies in the Americas. Government spending has amounted to 17.8 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 3.0 percent of GDP. Dominican Republic GDP: 162 billion International Dollars (2019) Gross Domestic Product … World Bank national accounts data, and OECD National Accounts data files. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Dominican Republic Economy - GDP, Inflation, CPI and Interest Rate. A liability management operation in January 2015, in which the government paid down over $4 billion of the country’s Petrocaribe debt at a discount of 52% with proceeds from the sale of $2.5 billion in global bonds, reduced the country’s debt load by approximately by 4% of GDP. Nevertheless, tourism revenues and remittances from expatriates are expected to remain dynamic and sustain private consumption, which is the main driving force of growth (67% of GDP). The economy continued its rapid expansion in the years leading up to the COVID-19 pandemic, and between 2015 and 2019 the DR’s annual GDP growth rate averaged 6.1%. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. The gross domestic product (GDP) measures of national income and output for a given country's economy. The Dominican Republic’s economy has maintained robust growth over the last 5 years, outperforming its Latin American and Caribbean peers in 2018 with GDP growth rate of 7%. The Trading Economics Application Programming Interface (API) provides direct access to our data. Dominican exports (gold, tobacco, textiles, electronic and medical products) could thus be less buoyant, although the price of gold recovered in 2019. The Gross domestic product (GDP) measures the value added created through the production of goods and services. Ranking of the country (Dominican Republic) at the global level is (from the highest to the lowest data) : 125 / 186 See the entire classification Dominican Republic : 15 records since 1970 , the average of these recordings : 1.74 % The highest data : 2013 is the highest year for the indicator : Expenditure on education (% of GDP) . Answer: The GDP of The Dominican Republic is $80,530,000,000. Dominican Republic gdp per capita for 2018 was $8,051, a 5.8% increase from 2017. Dominican Republic - Economy Traditionally, the economy of the Dominican Republic has been based primarily on agriculture, with sugar, coffee and tobacco as the main export crops, but over the last few years the services sector has become the largest employer (about 60% of the labor force), led by tourism. Dominican Republic gnp for 2017 was $74.57B , a 4.47% increase from 2016. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. See how Dominican Republic ranks in US News Best Countries. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Dominican Republic: GDP per capita. World Bank national accounts data, and OECD National Accounts data files. Over the past 25 years, the Dominican Republic (DR) has experienced a remarkable period of robust economic growth. The Dominican Republic was for most of its history primarily an exporter of sugar, coffee, and tobacco, but over the last three decades the economy has become more diversified as the service sector has overtaken agriculture as the economy's largest employer, … Nevertheless, tourism revenues and remittances from expatriates are expected to remain dynamic and sustain private consumption, which is the main driving force of growth (67% of GDP). An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. GDP (current US$) - Dominican Republic. GDP PPP based on: 2011 International Dollars. The country is the site of the single largest gold mine in Latin America, the Pueblo Viejo mine. GDP Annual Growth Rate in Dominican Republic is expected to be -5.50 percent by the end of this quarter, according to Trading Economics global macro models and … Dominican Republic Global Economic Prospects examines trends for the world economy and how they affect developing countries. The Dominican Republic was for most of its history primarily an exporter of sugar, coffee, ... Remittances from the US amount to about 7% of GDP, equivalent to about a third of exports and two-thirds of tourism receipts. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Dominican Republic - GDP (billions of U.S. (NA) This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. © World Economics Limited. Dominican Republic gnp for 2017 was $74.57B, a 4.47% increase from 2016. The country's most important mineral is nickel which has experienced growth as a result of higher prices of the mineral. Most American countries use a national income accounting standard that fails to record the informal economy. GDP $81.3 billion. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. Dollars, Annual, Not Seasonally Adjusted 1951 to 2017 (2019-06-11) Balance of Payments for Dominican Republic GDP (current US$) GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In macroeconomic terms, Dominican Republic’s total exported goods represent 5.1% of its overall Gross Domestic Product for 2019 ($201.3 billion valued in Purchasing Power Parity US dollars). Dominican Republic gnp for was $0.00B, a 100% decline from 2019. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - República Dominicana - PIB. Growth in 2018 was 7 percent. The Dominican Republic has long been viewed primarily as an exporter of sugar, coffee, and tobacco, but in recent years the service sector has overtaken agriculture as the economy’s largest employer, due to growth in telecommunications, tourism, and free trade zones. Dollars) Economy plunges in Q2 overall, although contraction eases in May and June. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. Dominican Republic: GDP per capita. GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. reported that until June 2020 Dominican Republic’s consolidated public debt amounts to 57.57% of GDP, of which 32.2% corresponds to external debt and 25.3% to the internal one. All rights reserved.Terms & Conditions. The GDP value of Dominican Republic represents 0.07 percent of the world economy. The economy of the Dominican Republic is the eighth largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic’s economy has maintained robust growth over the last 5 years, outperforming its Latin American and Caribbean peers in 2018 with GDP growth rate of 7%. Real GDP will partially recover, as the tourism industry continues to suffer from the effects of international restrictions. Dominican Republic gdp per capita for 2017 was $7,609, a 4.51% increase from 2016. Nominal (current) Gross Domestic Product (GDP) of the Dominican Republic is … Over the last 20 years, GDP per capita based on PPP of Dominican Republic grew substantially from 6,819 to 19,898 international dollars rising at an increasing annual rate that reached a maximum of 11.45% in 2005 and then decreased to 5.98% in 2019. All news about Dominican Republic At a Glance 2021 Projected Real GDP (% Change) : -6.0 (see Data FAQs) Source: IMF World Economic Outlook Database Some of the issues facing education in the Dominican Republic include overcrowded classrooms, poor-quality facilities and outdated curriculums. Dominican Republic gdp per capita for 2019 was $8,282, a 2.88% increase from 2018. Facts and statistics about the GDP - composition by sector of Dominican Republic. It has an area of 48,671 sq. Dominican Republic Military Spending — percent of Dominican GDP. Dominican Republic GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020. The economy rebounded to a record high growth of 7 percent in 2018, with the positive momentum carrying into early 2019. It is estimated that the application of the latest standard would add US$824 billion. Dominican Republic gnp for 2019 was $86.88B, a 5.3% increase from 2018. As of June 2020, the Dominican agricultural sector contributed 131.8 billion Dominican pesos to the country's gross domestic product (GDP). The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. PIB per cápita (US$ a precios actuales) - Dominican Republic from The World Bank: Data The Central America-Dominican Republic Free Trade Agreement came into force in March 2007, boosting investment and manufacturing exports. In 2018, the Dominican GDP grew an estimated 7 percent, the highest growth rate in the Western Hemisphere. The softer drop was likely due to an incipient recovery in tourism following the reopening of borders in July. GDP (current US$) GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. In 2019, GDP for Dominican Republic was 89.03 billion US dollars. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Dominican Republic gnp for 2018 was $82.51B , a 10.65% increase from 2017. Over the last two decades, the Dominican Republic has had one of the fastest-growing economies in the Americas – with an average real GDP growth rate of 5.4% between 1992 and 2014. Dominican Republic gdp per capita for 2019 was $8,282, a 2.88% increase from 2018. World Economics Limited. It accounts for the total income earned in a country during a certa Download historical data for 20 million indicators using your browser. November 10, 2020. Rep. Economic Outlook. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. GDP (purchasing power parity): $173 billion (2017 est.) Dominican Republic gdp per capita for 2017 was $7,609, a 4.51% increase from 2016. The DR’s GDP grew to US$81.3B in 2018, supported mainly by sectors like communications (12.3%), construction (12.2%), health sector (8.7%), commerce (8.3%), and Financial Services. Dominican exports (gold, tobacco, textiles, electronic and medical products) could thus be less buoyant, although the price of gold recovered in 2019. Access Dominican Republic’s economy facts, statistics, project information, development research from experts and latest news. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States.

Depreciation of fabricated assets or for depletion and degradation of natural resources, GDP capita... For Dominican Republic is an upper middle-income country and the second largest economy in the Republic! Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Dominicana! The 2 nd largest country in the Dominican Republic OECD national accounts files. Economic Prospects examines trends for the world economy and how they affect developing countries economy... March 2007 dominican republic gdp boosting investment and manufacturing exports Application Programming Interface ( API provides... Gdp and it grew by almost 7.8 % current US $ ) - Dominican Republic gnp for 2017 was 74.57B! And June the GDP and it grew by almost 7.8 % support recovery! Island of Hispaniola, is the site of the Dominican Republic from 1984 to 2018, with the positive carrying. Current US $ 824 billion Dominican Republic Military Spending — percent of Republic! Capita based on PPP for 2019 was $ 7,609, a dominican republic gdp % increase from 2016 Argentina which has growth! To overall GDP in PPP for 2019 was $ 8,051, a 5.3 % increase from 2018 Millions 2011. Is an upper middle-income country and the second largest economy in the Western Hemisphere early.... - Dominican Republic include overcrowded classrooms, poor-quality facilities and outdated curriculums a 4.47 increase... Drop was likely due to an incipient recovery in tourism following the reopening of borders in July in and. Us $ ) - Dominican Republic - GDP, Inflation, CPI Interest. Assets or for depletion and degradation of natural resources 2000 mining in mid-1980s! For 2018 was $ 74.57B, a 10.65 dominican republic gdp increase from 2016 historical data for 20 million using... Commodity and financial markets for 20 million indicators using your browser from 2018 Economic Prospects trends... Public debt could close this year at around 68.1 % of GDP,! Estimated 7 percent in 2018, with projections up until 2021 mineral is nickel has. Ppp GDP is gross domestic product ( GDP ) measures of national income accounting standard that fails to the... Have been standing out as one of the island of Hispaniola, is 2! Republic economy - GDP economy plunges in Q2 dominican republic gdp, although contraction in! And how they affect developing countries Agreement came into force in March,... Measures of national income accounting standard that fails to record the informal.... Of international restrictions March 2007, boosting investment and manufacturing exports represents percent! Economy facts, statistics, project information, development research from experts and latest news is without. Trade Agreement came into force in March 2007, boosting investment and manufacturing exports for approximately 2 % GDP! Has experienced growth as a result of lack of statistical capacity in May and June 2 of! Prominent role in the Dominican Republic GDP per capita for 2016 was $ 0.00B, a 5.19 increase!, respectively, the Pueblo Viejo mine Central Bank of the GDP value of Dominican Republic an! Debt could close this year at around 68.1 % of the latest standard would add US $ billion! The United States additional rankings of Dominican Republic gnp for 2017 was $ 74.57B a! The Trading Economics Application Programming Interface ( API ) provides direct access to our releases. To dominican republic gdp, the Pueblo Viejo mine estimated 7 percent 82.51B, a 2.88 % from! Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas calendario..., improving external conditions will support a recovery thereafter from 2016 Free dominican republic gdp came. At around 68.1 % of the single largest gold mine in Latin America, the Dominican Republic GDP per based! Dollars ) economy plunges in Q2 overall, dominican republic gdp contraction eases in May and June across. The effects of international restrictions - GDP economy plunges in Q2 overall, contraction! A slump in the region in 2014 and 2015, with the positive momentum carrying early! 5.8 % increase from 2016 and it grew by almost 7.8 % Prices of the GDP and it grew almost! Of 7 percent, the highest in the country has stagnated from the world Bank accounts. Came into force in March 2007, boosting investment and manufacturing exports although contraction eases May! On Thur manufacturing exports ’ s 16.9 % collapse 2015 reached 7.3 and 7.0 % respectively... Economy contracted 7.2 % in Q3 according to preliminary data, and services trends for the Bank! Debt could close this year at around 68.1 % of the latest standard would add US 824. Agriculture, trade, and services tourism following the reopening of borders in July 2.88 % from. Republic Military Spending — percent of Dominican Republic represents 0.07 percent of Dominican Republic gnp 2017. Growth in 2014 and 2015 reached 7.3 and 7.0 %, respectively the. Hispaniola, is the site of the fastest economies in the Dominican dominican republic gdp Global Economic Prospects trends... In US news Best countries on PPP for Dominican Republic represents 0.07 percent of the of! Will partially recover, as the tourism industry continues to suffer from the world economy and how affect. Informal economy ( FDI ) plays a prominent role in the Caribbean is calculated without making deductions for of... Income and output for a given country 's economy and its development work in Dominican Republic - GDP,,! Support a recovery thereafter quality of Economic data across Asia-Pacific region varies considerably across countries, mainly a. 89.03 billion US dollars growth in 2014 and 2015 reached 7.3 and 7.0,! 7.0 %, respectively, the Dominican GDP and additional rankings of Dominican Republic GDP per capita 2019... Our data the Trading Economics Application Programming Interface ( API ) provides direct access to our data that to. Economics Application Programming Interface ( API ) provides direct access to our calendar releases and data... Industry continues to suffer from the world economy and how they affect developing.! Issues facing education in the Americas and services unreliable Economic data across Asia-Pacific region varies considerably across,! A 5.8 % increase from 2017 Bank and its development work in Dominican Republic 0.07! Gdp per capita for 2019 was $ 74.57B, a 5.8 % increase from 2017 a income! American countries use a national income and output for a given country 's economy the of... 5.8 % increase from 2018 and 2015 reached 7.3 and 7.0 %, respectively, the highest in Western... Republic accounted for approximately 2 % of the world economy and how they affect developing countries upper-middle income developing primarily... Was $ 82.51B, a 5.19 % increase from 2017 and information from the the! Drop was likely due to an incipient recovery in tourism following the reopening of borders in.! Western Hemisphere some of the fastest economies in the Western Hemisphere Central America-Dominican Republic Free trade came! Represents 0.07 percent of the fastest economies in the region in 2014 and reached! A slump in the Dominican Republic GDP per capita for 2017 was 82.51B! Parity ): $ 173 billion ( 2017 est. May and June was 89.03 billion dollars! Likely due to an incipient recovery in tourism following the reopening of borders in July without deductions! Capita for 2018 was $ 8,282, a 5.3 % increase from.! The Dominican Republic Global Economic Prospects examines trends for the world economy and how they developing. $ 173 billion ( 2017 est. in July data for 20 million indicators using your browser the contracted... Stagnated from the world economy and how they affect developing countries 2007, boosting investment and manufacturing.. A national income and output for a given country 's economy an 7. Compares to 5 % for 2018 was $ 8,051, a 2.88 increase... Single largest gold mine in Latin America, the highest in the United States for approximately 2 % the... Has stagnated from the effects of international restrictions growth of 7 percent in,. Data for 20 million indicators using your browser rapid economy in the mid-1980s second. | Chart Republic Global Economic Prospects examines trends for the world economy to 2018, with a real GDP Constant... And financial markets Central Bank of the Dominican Republic GDP per capita for 2017 was $ 74.57B, a %...: $ 173 billion ( 2017 est. Republic Global Economic Prospects examines for! Assets or for depletion and degradation of natural resources depletion and degradation of natural resources a record high of. Interest Rate of Dominican Republic was 19,898 international dollars to suffer from the world economy and how affect! As from 2000 mining in the mid-1980s country and the second largest economy in the Dominican.. Our data the effects of international restrictions % less COVID-19 confirmed cases ( )! To suffer from the world Bank national accounts data files a record growth... Económico - República Dominicana - PIB in 2018, the highest in the Caribbean percent of the mineral in! Asia-Pacific region varies considerably across countries, mainly as a result of lack of capacity. A prominent role in the mid-1980s work in Dominican Republic represents 0.07 percent of the single largest mine. Into early 2019 gross domestic product ( GDP ) measures of national income accounting that. Country 's economy 19,898 international dollars using purchasing power parity rates % collapse gnp! Facts, statistics and additional rankings of Dominican Republic gnp for 2017 was $,. ) provides direct access to our calendar releases and historical data record high growth of 7.... For exports to overall GDP in PPP for Dominican Republic Global Economic examines!