Source
Central bank

Central Bank of the Dominican Republic

International Reserves

USD 6.1 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 75.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 171.7 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
10.7% 8.5% 3.1% 0.9% 8.3% 2.8% 2.6%
2013 2014 2015* 2016* 2017*    
4.8% 7.3% 7% 5.9% 4.5%    

*Estimate

GDP per capita - current prices

USD 7,393.6 (2017, estimate)

GDP per capita - PPP

Intl$ 16,838.7 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.11% 0.10% 0.11% 0.12% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.1% 
  • industry: 32.8% 
  • services: 62.2%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
4.8% 3.0% 0.8% 2.3% 4.0%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
7.0% 6.4% 5.9% 5.2% 5.3%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
34.6% 34.4% 34.9% 35.8% 36.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-3.6% -3% -0.4% -3.7% -3.9%

*Estimate

Government bond ratings

Standard & Poor's: BB-

Moody': B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.0 billion (2017 estimate)

Current account balance by percentage of GDP

-2.7% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

24.7% (2015)

Shares in world total merchandising export

0.06% (2015)

Shares in world total commercial services export

0.2% (2015)

Total exports

USD 9.8 billion (2016 estimate)

Export commodities

Gold, silver, cocoa, sugar, coffee, tobacco, meats, consumer goods

Total imports

USD 16.7 billion (2016 estimate)

 
 
Source
Import commodities

Petroleum, foodstuffs, cotton and fabrics, chemicals and pharmaceuticals

Exports - major partners

US 42.5%, Haiti 16.5%, Canada 8.1%, India 4.8% (2015)

Imports - major partners

US 42%, China 9.2%, Venezuela 5.6%, Trinidad and Tobago 4.5%, Mexico 4.4% (2015)

FDI inflows
2013 2014 2015
USD 1,991 million USD 2,208 million USD 2,222 million
FDI outflows
2013 2014 2015
USD -391 million USD 177 million USD 22 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A USD 34.0 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 103 out of 190 countries (2016)

Subcategories:

Starting a business: 115 out of 190 countries

Enforcing Contracts: 131 out of 190 countries

Registering Property: 82 out of 190 countries

Getting credit: 101 out of 190 countries

Protecting investors: 87 out of 190 countries

Trading across border: 58 out of 190 countries

Paying Taxes: 129 out of 190 countries

Dealing with Construction Permits: 45 out of 190 countries

Getting Electricity: 148 out of 190 countries

Resolving Insolvency: 160 out of 190 countries

Global competitiveness ranking

92 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 88 / Score: 61.01 (Moderately free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-4

Total area

48,670 sq km

Capital

Santo Domingo

Currency

Dominican pesos (DOP)

Government type

Presidential republic

Source
Languages

Spanish (official)

Religions

Roman Catholic 95%, other 5%

Total population
1990 2000 2010 2016* 2021*
7.118 million 8.398 million 9.479 million 10.088 million 10.646 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
30% 51% 62% 79%
Population median age

27.8 years (2016 estimate)

Population growth rate

1.21% (2016 estimate)

Life expectancy

78.1 years (2016 estimate)

Literacy

Total population: 91.8%
Male: 91.2%
Female: 92.3%  (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

2.4% (2013)

Inequality of wealth distribution (Gini index)

47.1 (2013)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 12.25%   Mobile 82.59% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

54.22% (2015)

Mercer Cost of living index

Santo Domingo: 148th (2016)

CO2 emissions

2.1 (2013)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards