Source: world bank Nominal/PPP
Summary:
Dominican Republic GDP Per Capita expanded from 1960 to 2024, increasing from $0.67 to $124.28 .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.
Dominican Republic Economic Phases (1960 - 2024)
From 1960 to 2024, Dominican Republic economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1964) indicating robust economic expansion
- High Growth (1966–1967) indicating robust economic expansion
- High Growth (1969–1977) indicating robust economic expansion
- High Growth (1979–1984) indicating robust economic expansion
- Contraction (1987–1988) indicating temporary slowdown
- High Growth (1989–1998) indicating robust economic expansion
- High Growth (2000–2002) indicating robust economic expansion
- High Growth (2005–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- High Growth (2014–2016) indicating robust economic expansion
- High Growth (2021–2023) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 2005 with an increase of 60.277%, while the largest decline was in 1985 at -56.49%.