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Indicators of economy in the Dominican Republic

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in the Dominican Republic, on the other hand, reached USD 8,477 per capita, or 94.24 billion USD for the whole country. The Dominican Republic is therefore currently ranked 66 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then the Dominican Republic ranks 74th in the list of the richest countries.

Inflation in the Dominican Republic in 2021 was around 8.24%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 54.2 percent lower.
The index for perceived corruption in the public sector is 30, which is rather poor by global standards.


Back to overview: Dominican Republic

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in the Dominican Republic. Overall, gross domestic product in 2020 fell from 88.94 billion US dollars to 78.84 billion US dollars. With a large drop of 11.35 percent, the economy in the Dominican Republic has struggled significantly more than other countries. Fortunately, the unemployment rate actually fell from 6.4 to 6.1 percent. The consumer inflation rate has risen from 1.8 percent previously to 3.8 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Dominican Republic
Total
Dominican Republic
per capita
EU
Total
EU
per capita
GDP94.24 bn USD8,476.75 USD17.177 tn USD33,384.92 USD
Gross national product90.01 bn USD8,095.58 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Dominican Republic
Total
Dominican Republic
per capita
EU
Total
EU
per capita
Imports28.54 bn USD2,567.15 USD8.916 tn USD17,329.02 USD
Exports20.51 bn USD1,844.69 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1970 - 2021

Exports
Imports



Dominican Republic: AirportsLargest airports and airlines in the Dominican RepublicThe 8 biggest airports and 6 airlines in the Dominican Republic with further information and data with further information on airlines and destinations
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