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ECON FACTBOOK

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Economy of the Dominican Republic

Population: 10 million in 20131

GDP: $61 billion in 20132

GDP per capita: $5,879 nominal3 ($11,696 PPP4) in 2013

GDP growth rate: 4.6% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities17,21032.1%
Manufacturing12,74423.8%
Wholesale, retail trade, restaurants and hotels10,10818.9%
Transport, storage and communication6,02411.2%
Agriculture, hunting, forestry, fishing3,0885.8%
Construction3,0325.7%
Mining and utilities1,3572.5%
Total value added53,564100%

Employment

Unemployment rate: 14.9% in 20137

Employment by Industry 20058

Employment sectorPercent of total
Services63%
Industry22%
Agriculture15%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .457 in 201210

Government

Central Government

Central Government Revenue: $9.0 billion (15% of GDP) in 201311

Central Government Expenditure: $10.8 billion (18% of GDP) in 201311

Central Government Budget Balance: -1.8 billion (-3% of GDP) in 201311

Central Government Public Debt: $24 billion (39% of GDP) in Nov 2014* 12

Central Government 10 Year Bond Interest Rate: 5.88% in 201313

* Public debt calculated using the exchange rate 44.72 DOP = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 28% in 201415

* Individual thresholds calculated using the exchange rate 44.72 DOP = 1 USD

Monetary Policy

Money Supply (M1): $3.6 billion (6% of GDP) in Jun 2012* 16

Benchmark Interest Rate: 6.29% on Feb 2, 201517

Total Reserves: $5 billion (8% of GDP) in 201318

Exchange Rate: 44.72 Dominican Republic Pesos = 1 U.S. Dollar on Feb 4, 201519

Inflation: 4.8% in 201320

* Money supply calculated using the exchange rate 44.72 DOP = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $10 billion (16% of GDP) in 201322

Imports: $17 billion (28% of GDP) in 201322

Trade Balance: -$7 billion (-12% of GDP) in 201322

Foreign Direct Investment Inflow: $1.6 billion (3% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $261 million (0.4% of GDP) in 201224

Foreign Aid Outflow:

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: World Bank Indicators (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Direccion General de Credito Publico (Public debt) Go back
13. Source: Bloomberg (Government bond yield) Go back
14. Source: PKF Tax Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: Central Bank of the Dominican Republic (Money supply) Go back
17. Source: Central Bank of the Dominican Republic, Interbank Loans by Amount and Rates (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back