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After shrinking 6% in 2020, the country’s GDP leaped up by 12% in 2021 and grew nearly 6% in 2022, which is at the high end for the region. Remittances increased nearly 50% in 2021 compared to pre-pandemic highs, keeping the economy afloat until tourism rebounded and FTZs revived.
Over the last two decades, the Dominican Republic have been standing out as one of the fastest economies in the Americas. The DR remains the most rapid economy in the region in 2014 and 2015, with a real GDP growth at 7 percent.
Get the latest World Bank data, research and development indicators for Dominican Republic. Access economy facts, statistics, project information, development research from World Bank experts and breaking news.
Dominican Republic Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
Explore Dominican Republic economic data on Prosperity Data360.
26 Αυγ 2021 · The Dominican Republic continues to face economic challenges. The country ranked 115 out of 190 countries included in the World Bank’s 2020 Doing Business report, performing relatively poorly on the ease of starting a business, getting electricity, accessing credit, paying taxes, and enforcing contracts.
1 Ιαν 2024 · Market Overview. Last published date: 2024-01-01. With a population of 11.2 million consumers and a GDP of $113.6 billion in 2022, the Dominican Republic (DR) is the ninth largest economy in Latin America and the largest in the Caribbean region open for commercial trade.
