GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Economic Growth in Dominican Republic
Dominican republic's economy recorded an average growth rate of 5.0% in the decade to 2024, compared to the 2.9% average for Central America and Caribbean. In 2024, real GDP growth was 5.0%. For more GDP information, visit our dedicated page.
Dominican Republic GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Dominican Republic from 2014 to 2024.
Source: Macrobond.
Dominican Republic GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -7.9 | 14.0 | 5.2 | 2.2 | 5.0 |
| GDP (USD bn) | 78.5 | 95.1 | 113.9 | 120.8 | 124.6 |
| GDP (DOP bn) | 4,440 | 5,427 | 6,257 | 6,765 | 7,403 |
| Economic Growth (Nominal GDP, ann. var. %) | -2.9 | 22.2 | 15.3 | 8.1 | 9.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dominican GDP projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Dominican GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Dominican GDP projections.
Want to get access to the full dataset of Dominican GDP forecasts? Send an email to info@focus-economics.com.
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