Dominican Republic flag

Dominican Republic

Includes The Dominican Republic real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, and GDP composition by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Dominican Republic economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of country best banks and safest banks are also available.

Free Trade Begets Fast Growth

Over the past several decades, the Dominican Republic has been one of the fastest-growing economies in Latin America. As a stable democracy and a popular tourist destination, it boasts a strong infrastructure network and benefits from the CAFTA-DR free trade agreement with the US and an economic partnership with the EU. Thanks to generous tax exemptions and other incentives, this Caribbean country has become a significant recipient of foreign investment, particularly in the sectors of tourism, telecommunications, real estate, mining, and financing. Challenges include a lack of transparency and poor implementation of existing laws, along with vulnerability to extreme climate events.

Key Facts

Total Area 48,670 sq km
Type of Government Presidential Republic
Capital City Santo Domingo
Total Population 10.47 million
Median Age 27.3 years
Total GDP USD 80.9 billion
Adult Per Capita Income (PPP) USD 10,111
Héctor Valdez Albizu, central bank governor of Dominican Republic

Central Bank Governor

Héctor Valdez Albizu 

Under the leadership of Governor Héctor Valdez Albizu, the Central Bank of the Dominican Republic has consolidated its reputation for independence. It was one of the first in the region to fine-tune its monetary policy … read more in our 2023 Central Banker Report Cards

Trade & Finance

International Trade

Total Exports USD 12,646 million
Major Exports Refined petroleum
Natural gas
Vaccines and cultures
Major Trade Partners – Export United States
Total Imports USD 28,824 million
Major Imports Gold
Medical instruments
Low-voltage protection equipment
Iron alloys
Major Trade Partners – Imports United States

Inbound and Outbound Investment

Dominican Republic's Leading Companies

Banking BanReservas
Consumer Goods and Private Equity Grupo León Jimenes
Beverage Cervecería Nacional Dominicana
Travel Arajet Transports
Telecommunications Claro Dominicana
Media Grupo Corripio

A Regional Leader In Low Debt

Compared to regional neighbors, the Dominican Republic has a low debt-to-GDP ratio–lower than the average, but also lower than regional powerhouse economies like Brazil.

Creating an inclusive and sustainable future

Global Finance Rankings & Awards: The Dominican Republic

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000