While the tourism sector GDP share in the Dominican Republic was forecast to increase long-term between 2023 and 2028 by in total *** percentage points, it is estimated to decrease in the years 2026, 2027 and 2028. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Cuba and Jamaica.

Dominica: International tourism revenue, percent of GDP: The latest value from 2018 is 20.01 percent, a decline from 30.87 percent in 2017. In comparison, the world average is 7.66 percent, based on data from 154 countries. Historically, the average for Dominica from 1995 to 2018 is 19.58 percent. The minimum value, 13.52 percent, was reached in 2001 while the maximum of 41.5 percent was recorded in 2014.

In 2022, the contribution of hotel, restaurants, and bars to the gross domestic product (GDP) of the Dominican Republic amounted to around *** billion Dominican pesos. This figure represents an increase of approximately ** percent versus the previous year.

In 2023, the revenue generated by the tourism sector in the Dominican Republic amounted to approximately **** billion U.S. dollars. This shows an increase of around ** percent compared to the previous year.

Services, including tourism, is the main economic sector in the Dominican Republic based on its gross domestic product (GDP). Service activities accounted for roughly 62 percent of GDP in 2022. The industrial sector, in turn, has increased its contribution between 2010 and 2023, going from 511 billion Dominican pesos in 2010 to over two trillion Dominican pesos in 2023.

The coronavirus (COVID-19) pandemic negatively impacted the tourism expenditures in the Dominican Republic in 2020 by more than *********** U.S. dollars. The largest share of the losses registered in the Latin American country that year corresponded to accommodation and food services. The Dominican Republic was the leading Caribbean destination in 2020.