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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.
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.
The five-tiered approach focuses on education, exports, fiscal reform, financial architecture, and development along the Haitian border, culminating in overall economic growth, job creation, demographic transitions, and restructured formal sectors.
6 ημέρες πριν · National Territory—Accelerating the Dominican Republic’s economic growth to double its gross domestic product by 2036 is one of the government’s cardinal objectives.As Vice President Raquel Peña stated during her conference “Business and Political Leadership in the Current Context,” this translates into improvements in the quality of life of all Dominicans.
The report “ Rethinking productivity to Boost Growth Leaving no one Behind - Dominican Republic Economic Memorandum ” reveals that the country’s economic growth averaged 5.8% per year between 2005 and 2019, more than double the average for Latin America and the Caribbean (2.6%).
The Dominican Republic is confronting the worst economic crisis in its recent history. This memorandum examines its long-term prospects, its public finances, pricing .
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.
