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  1. The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region.

  2. 15 Οκτ 2024 · 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.

  3. Executive Directors highlighted the Dominican Republic’s remarkable economic growth over the past two decades, which resulted in significant poverty reduction, and welcomed the authorities’ strong macroeconomic policies and sound policy framework, which enabled an impressive post-pandemic recovery.

  4. 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.

  5. In 2021, services accounted for 62% of overall GDP, manufacturing 15%, other industrial activity 17%, and agriculture 6%. Looking at GDP by expenditure, private consumption accounted for 66% of GDP in 2021, government consumption 11%, fixed investment 31%, and net exports -8%.

  6. 26 Ιουλ 2023 · The country leads Latin America in rapidly narrowing the income gap with the United States. Despite being one of Latin America’s poorest countries in the mid-1960s, the Dominican Republic has made remarkable progress in terms of income convergence.

  7. GDP (current US$) - Dominican Republic. World Bank national accounts data, and OECD National Accounts data files. Line Bar Map. Label.

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