[ Nominal GDP in billions of USD ]
Year -
$124.28 billions
Dominican Republic GDP expanded from 1960 to 2024, increasing from $0.67 billion to $124.28 billion.The compound annual growth rate (CAGR) averaged 8.5% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 56.51%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 124.28 Billions | $ 314.73 Int Billions |
| Growth (YoY) | 3.176% | 7.491% |
| Net Change vs Previous Year | $ 3.83 Billion | $ 21.94 Int Billion |
| % of World GDP | 0.11% | 0.16% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.67 | - | - | - | - | - |
| 1961 | 0.65 | -0.02 | -2.722 % | - | - | - |
| 1962 | 0.82 | 0.17 | 25.99 % | - | - | - |
| 1963 | 0.94 | 0.12 | 14.161 % | - | - | - |
| 1964 | 1.03 | 0.08 | 9.014 % | - | - | - |
| 1965 | 0.89 | -0.14 | -13.407 % | - | - | - |
| 1966 | 0.98 | 0.1 | 10.787 % | - | - | - |
| 1967 | 1.03 | 0.05 | 5.173 % | - | - | - |
| 1968 | 1.08 | 0.04 | 4.281 % | - | - | - |
| 1969 | 1.23 | 0.15 | 14.03 % | - | - | - |
| 1970 | 1.49 | 0.26 | 20.723 % | - | - | - |
| 1971 | 1.67 | 0.18 | 12.184 % | - | - | - |
| 1972 | 1.99 | 0.32 | 19.256 % | - | - | - |
| 1973 | 2.34 | 0.36 | 17.983 % | - | - | - |
| 1974 | 2.93 | 0.58 | 24.774 % | - | - | - |
| 1975 | 3.6 | 0.67 | 23.02 % | - | - | - |
| 1976 | 3.95 | 0.35 | 9.788 % | - | - | - |
| 1977 | 4.59 | 0.64 | 16.085 % | - | - | - |
| 1978 | 4.73 | 0.15 | 3.211 % | - | - | - |
| 1979 | 5.5 | 0.76 | 16.146 % | - | - | - |
| 1980 | 6.76 | 1.26 | 22.96 % | - | - | - |
| 1981 | 7.56 | 0.8 | 11.832 % | - | - | - |
| 1982 | 8.27 | 0.71 | 9.338 % | - | - | - |
| 1983 | 9.22 | 0.95 | 11.53 % | - | - | - |
| 1984 | 11.59 | 2.37 | 25.74 % | - | - | - |
| 1985 | 5.04 | -6.55 | -56.49 % | - | - | - |
| 1986 | 6.12 | 1.08 | 21.361 % | - | - | - |
| 1987 | 5.83 | -0.3 | -4.82 % | - | - | - |
| 1988 | 5.37 | -0.45 | -7.77 % | - | - | - |
| 1989 | 6.69 | 1.31 | 24.418 % | - | - | - |
| 1990 | 7.07 | 0.39 | 5.789 % | 26.04 | - | - |
| 1991 | 9.82 | 2.75 | 38.888 % | 27.17 | 1.13 | 4.358 % |
| 1992 | 11.61 | 1.78 | 18.127 % | 30.91 | 3.74 | 13.772 % |
| 1993 | 13.08 | 1.48 | 12.715 % | 33.98 | 3.06 | 9.912 % |
| 1994 | 14.64 | 1.56 | 11.954 % | 35.6 | 1.63 | 4.784 % |
| 1995 | 16.64 | 1.99 | 13.607 % | 38.42 | 2.82 | 7.916 % |
| 1996 | 18.24 | 1.6 | 9.642 % | 41.46 | 3.04 | 7.901 % |
| 1997 | 20.02 | 1.78 | 9.735 % | 45.93 | 4.47 | 10.777 % |
| 1998 | 21.67 | 1.65 | 8.267 % | 49.56 | 3.63 | 7.905 % |
| 1999 | 22.14 | 0.46 | 2.143 % | 53.25 | 3.69 | 7.456 % |
| 2000 | 24.31 | 2.17 | 9.799 % | 56.99 | 3.74 | 7.022 % |
| 2001 | 25.6 | 1.3 | 5.332 % | 59.71 | 2.72 | 4.777 % |
| 2002 | 27.14 | 1.54 | 5.998 % | 63.36 | 3.65 | 6.11 % |
| 2003 | 21.4 | -5.73 | -21.13 % | 63.74 | 0.38 | 0.598 % |
| 2004 | 22.32 | 0.92 | 4.295 % | 67.15 | 3.41 | 5.344 % |
| 2005 | 35.78 | 13.46 | 60.277 % | 75.78 | 8.64 | 12.863 % |
| 2006 | 37.88 | 2.1 | 5.876 % | 85.29 | 9.5 | 12.538 % |
| 2007 | 43.97 | 6.09 | 16.066 % | 94.09 | 8.81 | 10.329 % |
| 2008 | 48.09 | 4.13 | 9.385 % | 99.04 | 4.95 | 5.258 % |
| 2009 | 48.22 | 0.13 | 0.275 % | 100.65 | 1.61 | 1.627 % |
| 2010 | 53.8 | 5.58 | 11.565 % | 110.44 | 9.78 | 9.719 % |
| 2011 | 57.95 | 4.15 | 7.708 % | 116.31 | 5.88 | 5.321 % |
| 2012 | 60.56 | 2.61 | 4.51 % | 118.6 | 2.28 | 1.964 % |
| 2013 | 62.56 | 1.99 | 3.292 % | 126.55 | 7.95 | 6.703 % |
| 2014 | 67.01 | 4.46 | 7.128 % | 138.9 | 12.35 | 9.76 % |
| 2015 | 70.97 | 3.95 | 5.898 % | 154.48 | 15.58 | 11.218 % |
| 2016 | 75.55 | 4.59 | 6.462 % | 171.8 | 17.32 | 11.213 % |
| 2017 | 79.07 | 3.52 | 4.656 % | 179.7 | 7.9 | 4.596 % |
| 2018 | 84.99 | 5.92 | 7.493 % | 194.02 | 14.33 | 7.972 % |
| 2019 | 89.15 | 4.15 | 4.884 % | 215.34 | 21.32 | 10.988 % |
| 2020 | 78.55 | -10.6 | -11.89 % | 209.14 | -6.2 | -2.88 % |
| 2021 | 94.85 | 16.3 | 20.757 % | 245.31 | 36.17 | 17.296 % |
| 2022 | 113.48 | 18.63 | 19.639 % | 276.57 | 31.26 | 12.741 % |
| 2023 | 120.46 | 6.98 | 6.149 % | 292.8 | 16.23 | 5.869 % |
| 2024 | 124.28 | 3.83 | 3.176 % | 314.73 | 21.94 | 7.491 % |
Between 1960 to 2024, Dominican Republic experienced the following economic phases:
The most remarkable growth occurred in 2005 with an increase of 60.277%, while the largest decline was in 1985 at -56.49%.