Dominican Republic Economic Statistics and Indicators

20, Sep 2020, EDT. Welcome to the Dominican Republic economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Dominican Republic › Change country
National or Regional Currency: Dominican Republic Peso, DOP
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 10,349,741 (July 2014 est.)
Area: total: 48,670 sq km ; land: 48,320 sq km ; water: 350 sq km
Natural Resources: nickel, bauxite, gold, silver
Capital: name: Santo Domingo ; geographic coordinates: 18 28 N, 69 54 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

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. The economy is highly dependent upon the US, the destination for approximately half of exports. Remittances from the US amount to about 5% of GDP, equivalent to about a third of exports and two-thirds of tourism receipts. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GDP, while the richest 10% enjoys nearly 40% of GDP. High unemployment and underemployment remains an important long-term challenge. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) came into force in March 2007, boosting investment and exports and reducing losses to the Asian garment industry. The Dominican Republic's economy rebounded from the global recession in 2010-13, and the fiscal situation is improving. A tax reform package passed in November 2012 and a reduction in government spending helped to narrow the central government budget deficit from 6.6% of GDP in 2012 to below 3% in 2013. A successful government bond placement in 2013 helped finance the deficit.
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GDP (Constant Prices, National Currency) for Dominican Republic in year 2015 is DOP 2,083.70 Billion.

GDP Growth (Constant Prices, National Currency) for Dominican Republic in year 2015 is 7 %.

GDP (Current Prices, National Currency) for Dominican Republic in year 2015 is DOP 3,036.42 Billion.

GDP (Current Prices, US Dollars) for Dominican Republic in year 2015 is US$ 67.492 Billion.

GDP Deflator for Dominican Republic in year 2015 is 145.723 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Dominican Republic in year 2015 is DOP 208,570.80 .

GDP Per Capita (Current Prices, National Currency) for Dominican Republic in year 2015 is DOP 303,934.59 .

GDP Per Capita (Current Prices, US Dollars) for Dominican Republic in year 2015 is US$ 6,755.74 .

GDP (PPP), US Dollars for Dominican Republic in year 2015 is US$ 149.692 Billion.

GDP Per Capita (PPP), US Dollars for Dominican Republic in year 2015 is US$ 14,983.65 .

GDP Share of World Total (PPP) for Dominican Republic in year 2015 is 0.132 %.

Implied PPP Conversion Rate for Dominican Republic in year 2015 is 20.284 .

Investment (% of GDP) for Dominican Republic in year 2015 is 22.35 %.

Gross National Savings (% of GDP) for Dominican Republic in year 2015 is 20.425 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Dominican Republic in year 2015 is 119.205 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Dominican Republic in year 2015 is 0.837 %.

Inflation, End of Year (Indexed to Year 2000) for Dominican Republic in year 2015 is 120.92 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Dominican Republic in year 2015 is 2.344 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Dominican Republic in year 2015 is 9.839 %.

Import Volumes of Goods Only (Percent Change) for Dominican Republic in year 2015 is 10.469 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Dominican Republic in year 2015 is 5.791 %.

Export Volumes of Goods Only (Percent Change) for Dominican Republic in year 2015 is 3.701 %.

Unemployment Rate (% of Labour Force) for Dominican Republic in year 2015 is 5.94 %.

Population for Dominican Republic in year 2015 is 9.99 Million .

General government revenue (National Currency) for Dominican Republic in year 2015 is DOP 547.928 Billions.

General government revenue (% of GDP) for Dominican Republic in year 2015 is 18.045 %.

General government total expenditure (National Currency) for Dominican Republic in year 2015 is DOP 545.854 Billions.

General government total expenditure (% of GDP) for Dominican Republic in year 2015 is 17.977 %.

Total Government Net Lending/ Borrowing (National Currency) for Dominican Republic in year 2015 is DOP 2.073 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Dominican Republic in year 2015 is 0.068 %.

General Government Structural Balance (National Currency) for Dominican Republic in year 2015 is DOP -81.104 Billion.

General Government Structural Balance (% Potential GDP) for Dominican Republic in year 2015 is -2.707 %.

Fiscal Year Gross Domestic Product, Current Prices for Dominican Republic in year 2015 is DOP 3,036.42 Billions.

Current Account Balance (US Dollars) for Dominican Republic in year 2015 is US$ -1.299 Billion.

Current Account Balance (% GDP) for Dominican Republic in year 2015 is -1.924 %.