The national gross income per capita in the Dominican Republic increased by 630 U.S. dollars (+6.95 percent) in 2023 in comparison to the previous year. Therefore, the national gross income in the Dominican Republic reached a peak in 2023 with 9,700 U.S. dollars. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about the Dominican Republic with key insights such as share of value added by the manufacturing industry to the gross domestic product, share of value added by the services industry to gross domestic product, and value added by the services industry to the gross domestic product.

The gross national income per capita in the 'Economic Measures' segment of the macroeconomic indicators market in the Dominican Republic was forecast to continuously increase between 2024 and 2029 by in total four thousand U.S. dollars (+35.75 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 15.2 thousand U.S. dollars and therefore a new peak in 2029. Notably, the gross national income per capita of the 'Economic Measures' segment of the macroeconomic indicators market was continuously increasing over the past years.Find more key insights for the gross national income per capita in countries like Cuba, Chile, and Haiti.. The Statista Market Insights cover a broad range of additional markets.

Dominican Republic DO: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 6,630.000 USD in 2017. This records an increase from the previous number of 6,390.000 USD for 2016. Dominican Republic DO: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 1,250.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 6,630.000 USD in 2017 and a record low of 220.000 USD in 1962. Dominican Republic DO: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Minimum Wages in Dominican Republic increased to 15428 DOP/Month in 2024 from 14835 DOP/Month in 2023. This dataset includes a chart with historical data for Dominican Republic Minimum Wages.

Dominican Republic DO: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 14.300 % in 2022. This records an increase from the previous number of 12.900 % for 2021. Dominican Republic DO: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 18.900 % from Dec 1986 (Median) to 2022, with 28 observations. The data reached an all-time high of 22.900 % in 1986 and a record low of 12.900 % in 2021. Dominican Republic DO: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Dominican Republic DO: GDP: USD: Adjusted Net National Income per Capita data was reported at 5,976.008 USD in 2016. This records an increase from the previous number of 5,800.165 USD for 2015. Dominican Republic DO: GDP: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 1,621.020 USD from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 5,976.008 USD in 2016 and a record low of 343.668 USD in 1971. Dominican Republic DO: GDP: USD: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted Average;

Dominican Republic DO: GDP: Growth: Adjusted Net National Income per Capita data was reported at 4.803 % in 2016. This records a decrease from the previous number of 9.965 % for 2015. Dominican Republic DO: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 3.531 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 15.953 % in 1980 and a record low of -13.530 % in 1976. Dominican Republic DO: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Dominican Republic DO: GDP: Growth: GNI per Capita data was reported at 4.813 % in 2017. This records a decrease from the previous number of 4.954 % for 2016. Dominican Republic DO: GDP: Growth: GNI per Capita data is updated yearly, averaging 3.289 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 16.339 % in 1970 and a record low of -14.727 % in 1965. Dominican Republic DO: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Dominican Republic: Personal income tax rate: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0 percent, based on data from countries. Historically, the average for Dominican Republic from to is 25 percent. The minimum value, 25 percent, was reached in 2013 while the maximum of 25 percent was recorded in 2013.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

This paper presents new data documenting the cost of salaried labor in 20 Latin American and Caribbean countries. We gather data on the three main costs associated to hiring salaried labor; (i) minimum wages and other monetary benefits, (ii) mandated contributions for social insurance and other benefits and (iii) job security provisions. We present two new indicators. First, we calculate the average non-wage cost of salaried labor (NWC). This indicator answers the following question: for the average wage, what additional share of wages must be satisfied by workers and employers to fulfill all the law mandated non-wage costs of a legal salaried relationship. Our second indicator combines these non-wage costs with the nominal restriction that legal wages cannot be lower than the minimum wage. We calculate the annual dollar value of paying a worker the minimum wage plus all mandated non-wage costs as a share of GDP per worker. This constitutes the minimum cost of salaried labor (MCSL). We highlight seven important facts; (i) The average non-wage cost of salaried labor (NWC) for the region is 49% of wages. (ii) There is a large dispersion across countries like Argentina, Brazil and Peru with costs around 70% of wages and countries like Trinidad and Tobago, Jamaica and Chile with cost less than 40% of wages. (iii) Mandatory contributions are the most important component of the average non-wage cost of salaried labor with 27.3% of wages followed by additional benefits with 13.8% of wages while job security provisions account for another 8.4%. (iv) On average, mandated contributions from employers amount to 17.5% of average annual wages, versus 9.8% of mandated contributions from employees. (v) The minimum cost of salaried labor (MCSL) is on average 39% of GDP per worker. (vi) Variation of the MCSL across countries is even larger. For countries like Mexico, Trinidad and Tobago or the Dominican Republic the MCSL it is below 15% of GDP per worker while the minimum cost of hiring a salaried worker in Honduras is 95% of GDP per capita. (vii) Despite having below average NWC, the five poorest countries in our sample are those presenting the highest MCSL, due to high minimum wages relative to GDP per worker.

Dominican Republic DO: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data was reported at 6,153.087 USD in 2016. This records an increase from the previous number of 5,871.121 USD for 2015. Dominican Republic DO: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 2,788.402 USD from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6,153.087 USD in 2016 and a record low of 1,705.961 USD in 1971. Dominican Republic DO: GDP: 2010 Price: USD: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Gross Domestic Product: Real. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Dominican Republic DO: GDP: GNI per Capita data was reported at 320,157.978 DOP in 2017. This records an increase from the previous number of 294,878.824 DOP for 2016. Dominican Republic DO: GDP: GNI per Capita data is updated yearly, averaging 5,105.754 DOP from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 320,157.978 DOP in 2017 and a record low of 186.566 DOP in 1961. Dominican Republic DO: GDP: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The gross national income per capita in the 'Economic Measures' segment of the macroeconomic indicators market in Peru was forecast to continuously increase between 2024 and 2029 by in total 1.7 thousand U.S. dollars (+21.28 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 9.68 thousand U.S. dollars and therefore a new peak in 2029. Notably, the gross national income per capita of the 'Economic Measures' segment of the macroeconomic indicators market was continuously increasing over the past years.Find more key insights for the gross national income per capita in countries like the Dominican Republic, Jamaica, and Panama.. The Statista Market Insights cover a broad range of additional markets.

24,480 (international dollars) in 2023. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Dominican Republic DO: Cost of Business Start-Up Procedures: % of GNI Per Capita: Male data was reported at 14.500 % in 2017. This records a decrease from the previous number of 14.800 % for 2016. Dominican Republic DO: Cost of Business Start-Up Procedures: % of GNI Per Capita: Male data is updated yearly, averaging 19.400 % from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 31.100 % in 2007 and a record low of 14.500 % in 2017. Dominican Republic DO: Cost of Business Start-Up Procedures: % of GNI Per Capita: Male data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.WDI: Company Statistics. Cost to register a business is normalized by presenting it as a percentage of gross national income (GNI) per capita.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

República Dominicana: O custo de iniciar um negócio, % do rendimento per capita: Para este indicador, fornecemos dados para República Dominicana de 2003 a 2019. O valor médio por República Dominicana durante este período foi 20.64 percent of Gross National Income per capita com o mínimo de 13.7 percent of Gross National Income per capita em 2019 e o máximo de 31.1 percent of Gross National Income per capita em 2007. Os dados mais recentes de 2019 são 13.7 percent of Gross National Income per capita. Para efeito de comparação, a média mundial em 2019 com base em 185 países é 19.87 percent of Gross National Income per capita.