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%.
Dominican Republic GDP from 1980 to 2024
The total market value of goods and services produced annually in Dominican Republic.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |