Markets Actual Q1 Q2 Q3 Q4 2022
Currency 57.80 58.06 58.28 58.51 58.74 59.2

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -15.80 0.8 1.1 1.5 1.9 2.5
GDP Annual Growth Rate (%) -16.90 1.1 7 5.9 4.9 3.7
Unemployment Rate (%) 3.20 7.2 8.1 7.4 6.8 5.9
Inflation Rate (%) 6.23 4.6 4.2 3.8 3.5 3.2
Interest Rate (%) 3.00 3 3 3 3.25 3.75
Balance of Trade (USD Million) -485.00 -640 -640 -640 -640 -640
Current Account (USD Million) -643.90 340 340 340 -500 -430
Current Account to GDP (%) -1.40 -1.9 -1.9 -1.9 -1.9 -1.9
Government Debt to GDP (%) 50.53 62 62 62 62 60
Government Budget (% of GDP) -2.31 -3.3 -3.3 -3.3 -2.5 -2
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -15.80 0.8 1.1 1.5 1.9 2.5
GDP Annual Growth Rate (%) -16.90 1.1 7 5.9 4.9 3.7
GDP (USD Billion) 88.94 86 86 86 86 88
GDP per capita (USD) 8005.11 7700 7700 7700 7700 8000
GDP per capita PPP (USD) 18419.03 16100 16700 16700 16700 17230
GDP Constant Prices (DOP Millions) 956890.10 1093543 1165374 1147934 1144939 1144939

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.20 7.2 8.1 7.4 6.8 5.9
Population (Million) 10.36 10.47 10.47 10.47 10.57 10.67
Labor Force Participation Rate (%) 56.70 62.8 63.3 63.6 64 64
Employment Rate (%) 54.90 57 57.8 58.5 59 60

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 6.23 4.6 4.2 3.8 3.5 3.2
Consumer Price Index CPI (points) 105.40 103 104 106 108 112
Inflation Expectations (%) 3.30 3 2.9 3 3.3 3.9
Inflation Rate Mom (%) 0.97 0.2 0.3 0.2 0.3 0.3
Food Inflation (%) 8.40 6.5 6 5.5 5 5
Core Inflation Rate (%) 4.93 3.8 3.6 3.4 3.1 3.1
Cpi Housing Utilities (points) 105.17 102 105 107 108 111
CPI Transportation (points) 109.14 101 103 109 111 114

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 3.00 3 3 3 3.25 3.75
Deposit Interest Rate (%) 7.60 7.6 7.6 7.6 7.35 7.85
Money Supply M0 (DOP Million) 162278.70 163200 163500 163300 163100 163900
Money Supply M2 (DOP Million) 1356608.50 1037000 1037000 1037000 1037000 1037000
Foreign Exchange Reserves (USD Million) 10751.70 7237 7240 7239 7239 7240

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -485.00 -640 -640 -640 -640 -640
Current Account (USD Million) -643.90 340 340 340 -500 -430
Current Account to GDP (%) -1.40 -1.9 -1.9 -1.9 -1.9 -1.9
Imports (USD Million) 1426.80 1600 1600 1600 1600 1600
Tourist Arrivals 103942.00 115000 123000 160000 185000 387000
Foreign Direct Investment (USD Million) 446.10 800 800 800 800 800
External Debt (USD Million) 26151.20 27900 27400 27200 27000 26500

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 50.53 62 62 62 62 60
Government Budget (% of GDP) -2.31 -3.3 -3.3 -3.3 -2.5 -2
Military Expenditure (USD Million) 602.00 514 514 514 480 480
Government Budget Value (DOP Millions) -34795.50 4000 4000 4000 4000 4000
Government Debt (USD Million) 46685.10 47500 48000 48600 49200 48500
Government Revenues (DOP Millions) 51570.80 60000 60000 60000 65000 65000

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 27.00 27 27 27 27 27
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q1 Q2 Q3 Q4 2022
Leading Economic Index (%) -5.60 0.5 1.5 1.5 3 4.2
Business Confidence (points) 55.60 53 53 53 56 61


This page has economic forecasts for Dominican Republic including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Dominican Republic economy.