Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Dominican Republic (PGD2USDOA621NUPN) from 1951 to 2010 about Dominican Republic, PPP, per capita, and GDP.

The Gross Domestic Product (GDP) in Dominican Republic was worth 121.44 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Dominican Republic represents 0.12 percent of the world economy. This dataset provides - Dominican Republic GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Dominican Republic DO: GDP: Growth: Final Consumption Expenditure data was reported at 4.583 % in 2017. This records a decrease from the previous number of 4.861 % for 2016. Dominican Republic DO: GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging 4.583 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 35.938 % in 1980 and a record low of -10.926 % in 1990. Dominican Republic DO: GDP: Growth: Final Consumption Expenditure 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. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The share of value added by the agriculture, forestry and fishing sector to the gross domestic product in the Dominican Republic increased by 0.6 percentage points (+10.36 percent) compared to the previous year. With 6.37 percent, the share thereby reached its highest value in the observed period. The value added by agriculture, forestry, and fishing refers to the net output of the sector. It is calculated as the gross output, which is the gross revenue of production, minus the intermediate inputs, which is the value of goods and services consumed in the production process. Activities included in this sector are crop cultivation, forestry, hunting, fishing, and livestock production.Find more key insights for the share of value added by the agriculture, forestry and fishing sector to the gross domestic product in countries like Antigua and Barbuda and Grenada.

The ratio of military expenditure to gross domestic product (GDP) in the Dominican Republic increased by 0.1 percentage points (+15.38 percent) compared to the previous year. In total, the ratio amounted to 0.72 percent in 2022. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Cuba and Jamaica.

Dominican Republic DO: GDP: Final Consumption Expenditure: Household: Include Discrepancy data was reported at 2,299,002.450 DOP mn in 2016. This records an increase from the previous number of 2,153,373.056 DOP mn for 2015. Dominican Republic DO: GDP: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 25,823.526 DOP mn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 2,299,002.450 DOP mn in 2016 and a record low of 452.500 DOP mn in 1960. Dominican Republic DO: GDP: Final Consumption Expenditure: Household: Include Discrepancy 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. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.

Dominican Republic DO: GDP: % of GDP: Final Consumption Expenditure data was reported at 80.724 % in 2016. This records a decrease from the previous number of 81.069 % for 2015. Dominican Republic DO: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 85.020 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 94.190 % in 1965 and a record low of 77.790 % in 1975. Dominican Republic DO: GDP: % of GDP: Final Consumption Expenditure 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: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The share of value added by the manufacturing industry to the gross domestic product in the Dominican Republic decreased by 1.2 percentage points (-8.04 percent) compared to the previous year. The share thereby reached its lowest value in recent years. These figures refer to the share of total gross domestic product (GDP) made up by the output of manufacturing industries.Find more statistics on other topics about the Dominican Republic with key insights such as value added by the services 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.

4.8 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

Business travel and tourism spending (%) of Dominican Republic grew by 0.44% from 0.4 % in 2018 to 0.4 % in 2019. Since the 11.57% drop in 2010, business travel and tourism spending (%) soared by 73.99% in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

In 2022, the tax revenue as a share of GDP of in the Dominican Republic decreased by 0.6 percentage points (-4.17 percent) compared to 2021. Nevertheless, the last two years recorded a significantly higher revenue than the preceding years.

Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data was reported at 49.894 USD bn in 2016. This records an increase from the previous number of 47.798 USD bn for 2015. Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 5.986 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 49.894 USD bn in 2016 and a record low of 452.500 USD mn in 1960. Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Household: Include Discrepancy 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. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Graph and download economic data for Purchasing Power Parity over GDP for Dominican Republic (PPPTTLDOA618NUPN) from 1951 to 2010 about Dominican Republic, PPP, and GDP.

The unemployment rate in the Dominican Republic was forecast to remain on a similar level in 2029 as compared to 2024 with six percent. According to this forecast, the rate will stay nearly the same over the forecast period. This indicator describes the unemployment rate which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labour force.Find more statistics on other topics about the Dominican Republic with key insights such as the budget balance in relation to the GDP, ratio of the national debt to the gross domestic product (GDP), and the total population.

In 2022, the government expenditure on education as a share of GDP of in the Dominican Republic increased by 0.2 percentage points (+5.33 percent) compared to 2021. In total, the education government spending amounted to 3.94 percent in 2022.

Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Include Discrepancy data was reported at 57.785 USD bn in 2016. This records an increase from the previous number of 55.210 USD bn for 2015. Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Include Discrepancy data is updated yearly, averaging 6.765 USD bn from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 57.785 USD bn in 2016 and a record low of 542.000 USD mn in 1960. Dominican Republic DO: GDP: USD: Final Consumption Expenditure: Include Discrepancy 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. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

In 2022, the ratio of military expenditure to gross domestic product (GDP) in the Dominican Republic increased by 0.1 percentage points (+15.38 percent) compared to 2021. In total, the ratio amounted to 0.72 percent in 2022. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.

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.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.