Dominican Republic GDP Annual Growth Rate  1992-2018 | Data | Chart

The Gross Domestic Product (GDP) in Dominican Republic expanded 6.50 percent in the fourth quarter of 2017 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican Republic averaged 5.48 percent from 1992 until 2017, 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.

Dominican Republic GDP Annual Growth Rate
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Dominican Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.05 3.28 12.65 -8.84 percent [+]
GDP Annual Growth Rate 6.50 3.00 14.00 -3.40 percent [+]
GDP 71.58 68.10 71.58 0.65 USD Billion [+]
GDP per capita 6909.10 6552.69 6909.10 1205.79 USD [+]
GDP per capita PPP 14098.90 13371.50 14098.90 5213.79 USD [+]
GDP Constant Prices 874684.54 882725.32 882725.32 344693.54 DOP Millions [+]

Dominican Republic GDP Annual Growth Rate

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 free-trade 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 3.00 14.00 -3.40 1992 - 2017 percent Quarterly

GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17