Dominican Republic GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Dominican Republic's GDP changed from approximately $8B 672M in 1980 to $127B 356M in 2024, showing an overall 1368.6% sharply increased during the period.
The lowest GDP was recorded in 1985 at $6B 496M, and the highest in 2024 at $127B 356M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.3%.
For comparison, the average annual growth rate of Haiti was 5.1%, and that of Puerto Rico was 4.9%.

Overview of Dominican Republic's GDP (1980–2024)

The Gross Domestic Product (GDP) of Dominican Republic recorded a 1368.6% sharply increased from 1980 to 2024.
The average GDP during this period was $40B 477M, and the median was $24B 306M.
GDP fluctuated within a range of $120B 860M, with a standard deviation of $34B 292M.
The average annual change was $2B 425M.


Dominican Republic GDP from 1980 to 2024

The total market value of goods and services produced annually in Dominican Republic.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $6B 496M
    • Highest GDP: 2024, $127B 356M
    • Most Recent GDP: 2024, $127B 356M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Dominican Republic's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $89B 32M → $78B 923M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $44B 67M → $48B 319M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $24B 306M → $25B 602M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $20B 17M → $21B 672M
    • Outcome: increased

    Key Economic Indicators of Dominican Republic (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 8B 672M
    $ 1,534.32
    $ 2,429.35
    $ 13B 730M
    7.969 %
    -8.302 %
    8.11 %
    0 %
    5M 652K people
    1981
    $ 9B 698M
    $ 1,677.45
    $ 2,710.94
    $ 15B 672M
    4.279 %
    -4.015 %
    11.14 %
    0 %
    5M 781K people
    1982
    $ 9B 141M
    $ 1,545.10
    $ 2,860.66
    $ 16B 924M
    1.7 %
    -4.842 %
    7.49 %
    0 %
    5M 916K people
    1983
    $ 9B 461M
    $ 1,562.13
    $ 3,038.22
    $ 18B 400M
    4.628 %
    -4.417 %
    11.74 %
    0 %
    6M 56K people
    1984
    $ 14B 870M
    $ 2,397.60
    $ 3,112.44
    $ 19B 303M
    1.253 %
    -1.099 %
    12.61 %
    0 %
    6M 202K people
    1985
    $ 6B 496M
    $ 1,022.61
    $ 3,068.20
    $ 19B 491M
    -2.123 %
    -1.656 %
    12.14 %
    0 %
    6M 353K people
    1986
    $ 7B 891M
    $ 1,212.35
    $ 3,162.49
    $ 20B 584M
    3.522 %
    -2.324 %
    12.61 %
    0 %
    6M 509K people
    1987
    $ 8B 305M
    $ 1,245.27
    $ 3,483.05
    $ 23B 228M
    10.117 %
    -4.384 %
    13.45 %
    0 %
    6M 669K people
    1988
    $ 7B 605M
    $ 1,113.84
    $ 3,597.83
    $ 24B 566M
    2.156 %
    -0.249 %
    16.83 %
    0 %
    6M 828K people
    1989
    $ 8B 589M
    $ 1,230.74
    $ 3,818.89
    $ 26B 652M
    4.401 %
    -3.81 %
    17 %
    0 %
    6M 979K people
    1990
    $ 7B 995M
    $ 1,123.24
    $ 3,672.70
    $ 26B 142M
    -5.454 %
    -3.497 %
    14.51 %
    0 %
    7M 118K people
    1991
    $ 9B 887M
    $ 1,365.23
    $ 3,767.12
    $ 27B 281M
    0.945 %
    -1.591 %
    16.71 %
    0 %
    7M 242K people
    1992
    $ 11B 605M
    $ 1,573.69
    $ 4,208.19
    $ 31B 34M
    11.221 %
    -6.1 %
    17.95 %
    0 %
    7M 375K people
    1993
    $ 13B 81M
    $ 1,741.67
    $ 4,541.44
    $ 34B 109M
    7.365 %
    -4.074 %
    15.68 %
    0 %
    7M 511K people
    1994
    $ 14B 645M
    $ 1,916.44
    $ 4,677.45
    $ 35B 743M
    2.6 %
    -1.932 %
    19.07 %
    0 %
    7M 642K people
    1995
    $ 16B 637M
    $ 2,141.06
    $ 4,963.24
    $ 38B 567M
    5.685 %
    -1.099 %
    18.95 %
    0 %
    7M 771K people
    1996
    $ 18B 242M
    $ 2,309.92
    $ 5,270.46
    $ 41B 621M
    5.978 %
    -1.166 %
    18.89 %
    0 %
    7M 897K people
    1997
    $ 20B 17M
    $ 2,495.03
    $ 5,746.15
    $ 46B 101M
    8.885 %
    -0.814 %
    21.29 %
    0.088 %
    8M 23K people
    1998
    $ 21B 672M
    $ 2,658.54
    $ 6,102.78
    $ 49B 749M
    6.714 %
    -1.561 %
    26.51 %
    0.353 %
    8M 151K people
    1999
    $ 22B 137M
    $ 2,674.83
    $ 6,458.55
    $ 53B 450M
    5.94 %
    -1.939 %
    25.17 %
    -0.122 %
    8M 276K people