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
Dominican Republic GDP Data
|Economic Growth (GDP, ann. var. %)||7.0||5.1||-6.7||12.3||4.9|
|GDP (USD bn)||85.6||88.8||78.8||94.5||114.0|
|GDP (DOP bn)||4,236||4,562||4,457||5,393||6,261|
|Economic Growth (Nominal GDP, ann. var. %)||11.4||7.7||-2.3||21.0||16.1|
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 18 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.
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