Dominican Republic recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2020. source: Consejo Monetario Centroamericanono

Current Account to GDP in Dominican Republic averaged -2.64 percent from 1993 until 2020, reaching an all time high of 5 percent in 2003 and a record low of -9.40 percent in 2008. This page provides - Dominican Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Current Account to GDP - values, historical data and charts - was last updated on May of 2022.

Current Account to GDP in Dominican Republic is expected to reach -2.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Dominican Republic Current Account to GDP is projected to trend around -2.30 percent of GDP in 2022 and -2.60 percent of GDP in 2023, according to our econometric models.

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Dominican Republic Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP -2.00 -1.30 percent of GDP Dec 2020

Dominican Republic Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.30 5.00 -9.40 1993 - 2020 percent of GDP Yearly