GDP reading: GDP growth moderated to 2.5% in seasonally adjusted annualized rate terms (SAAR) in the final quarter of 2024...
Economic Growth in Dominican Republic
The Dominican Republic recorded an average real GDP growth of 5.3% in the decade to 2022, well above the 1.9% average for Central America and the Caribbean. In 2022, the real GDP growth was 4.9%. 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) | 78.8 | 94.5 | 114.0 | 121.8 | - |
| GDP (DOP bn) | 4,457 | 5,393 | 6,261 | 6,820 | - |
| Economic Growth (Nominal GDP, ann. var. %) | -2.3 | 21.0 | 16.1 | 8.9 | - |
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.
Latest Global GDP News
-
Israel: Economy loses notable momentum in the fourth quarter -
Japan: Economy tops market expectations in Q4 Print more than doubles market expectations: GDP growth gained steam to 2.8% in seasonally adjusted annualized rate terms (SAAR) in... -
United Kingdom: Economy remains weak in the fourth quarter GDP reading: GDP increased 0.1% on a seasonally adjusted quarter on quarter basis in Q4 (Q3: 0.0% s.a. qoq), beating... -
Cyprus: Economic growth falls to a one-year low in the fourth quarter GDP growth loses traction: According to a preliminary reading, annual GDP growth lost steam in Q4, falling to 2.6% from... -
Hong Kong: Economic growth accelerates in the fourth quarter GDP reading: GDP expanded 2.4% on an annual basis in Q4 (Q3: +1.9% year on year), broadly in line with... -
Mexico: Economy records sharpest contraction since Q3 2021 in the fourth quarter GDP reading: According to a preliminary reading, GDP dropped 0.6% on a seasonally adjusted quarter on quarter basis in the... -
Czech Republic: GDP growth steady in Q4 Stable expansion meets expectations in Q4: According to a preliminary estimate, the economy expanded 0.5% on a calendar- and seasonally...