Dominican Republic flag

Dominican Republic

Includes historical data for Dominican Republic’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Economy Based On Tourism And FDI

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.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Santo Domingo
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 10.8 million
Median Age 28.1
Adult Per Capita Income (PPP) 32,388.93
Total GDP (2023) 127.4 billion

Dominican Republic GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 27.2 billion (2023)
Leading Exports Gold
Medical Instruments
Low-Voltage Protection Equipment
Iron Alloys
Total Imports USD 12.6 billion (2022)
Leading Imports Refined Petroleum
Natural Gas
Vaccines And Cultures
Source: World Integrated Trade Solution

Dominican Republic Leading Companies

BanReservas Financials
BHD Bank Financials
Grupo León Jimenes Consumer Staples, Diversified Food Producers
Cervecería Nacional Dominicana Consumer Staples, Brewers
Arajet Transports Airlines
Claro Dominicana Telecommunication Services
Grupo Corripio Conglomerates, Media & Entertainment, Energy, Materials

Major Trade Partners — Import

United States 52%
China 16%
Mexico 4%
Brazil 4%
Spain 3%

Major Trade Partners — Export

United States 56%
Switzerland 8%
Haiti 8%
India 6%
Netherland 4%

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