Dominican Republic GDP Annual Growth Rate

1992-2016 | Data | Chart

The Gross Domestic Product (GDP) in Dominican Republic expanded 8.70 percent in the second
quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican
Republic averaged 5.52 percent from 1992 until 2016, reaching an all time high of 14 percent in the
second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003. GDP Annual
Growth Rate in Dominican Republic is reported by the Central Bank of Dominican Republic. Export
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Dominican Republic GDP

Last

Previous

Highest

Lowest

Unit

GDP Growth Rate

-1.67

3.74

12.65

-8.84

percent

[+]

GDP Annual Growth Rate

8.70

6.10

14.00

-3.40

percent

[+]

GDP

67.10

63.97

67.10

0.65

USD Billion

[+]

GDP per capita

6494.15

6143.40

6494.15

1207.45

USD

[+]

GDP per capita PPP

13374.91

12652.52

13374.91

5269.37

USD

[+]

GDP Constant Prices

804373.30 744484.60 804373.30 350424.30 DOP Millions [+]

Dominican Republic GDP Annual Growth Rate Notes

The Dominican Republic is one of the fastest growing economies in the Caribbean. The most important
sector of the economy is services, specifically tourism, finance and telecommunications. Mining has
also been growing in importance, and ferronickel and gold production is expected to continue
increasing. The Dominican Republic is also dependent on remittances and on revenues from the freetrade zones. Yet, serious reforms are required in order to keep the current pace of growth. Taxes
account for only 13 percent of GDP, education is underfunded and electricity consumption is heavily
subsidized. Corruption and inefficient public spending are also a significant drain on public resources.
In addition, a third of the population still lives in poverty and drug related crime has increased in recent
years. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical
data, forecast, chart, statistics, economic calendar and news. Dominican Republic GDP Annual
Growth Rate - actual data, historical chart and calendar of releases - was last updated on November
of 2016.
Actual

Previous

Highest

Lowest

Dates

Unit

Frequency

8.70

6.10

14.00

-3.40

1992 - 2016

percent

Quarterly