Dominican republic gdp per capita

Dominican republic gross domestic product gdp per capita. The dominican republic dr has enjoyed strong economic growth in recent years, averaging 5. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i. Over the coming decade, we expect that costa rica and the dominican republic will see their gdp per capita increase and likely end up ranking among the highest in the broader region, says jesse wheeler, senior. Dollars, annual, not seasonally adjusted 1960 to 2018 dec 20 pension fund assets to gdp for dominican republic. The dominican republics economic freedom score is 60. The economy rebounded from the global recession in 201016, and the fiscal situation. The dominican republic is an upper middleincome developing country primarily dependent on mining, agriculture, trade, and services.

The dominican republic s economy rebounded from the global recession in 201016, and the fiscal situation is improving. Probability of dying between 15 and 60 years mf per 1 000 population, 2016 202117. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. A tax reform package passed in november 2012, a reduction in government spending, and lower energy costs helped to narrow the central government budget deficit from 6. Over the last 20 years, gdp per capita based on ppp of dominican republic grew substantially from 6,654 to 19,411 international dollars rising at an increasing annual rate that reached a maximum of 11. The gdp per capita, in dominican republic, when adjusted by purchasing power parity is equivalent to 89 percent of the worlds average. The percentage change in gdp per capita for the latest 5 years for which data is published.

Gdp per capita in dominican republic real gdp per capita in. Gdp per capita in dominican republic averaged 3376. Gross domestic product gdp denotes the aggregate value of all services. Latest data available from the global health observatory. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Data learn how the world bank group is helping countries with covid19 coronavirus. Gdp is the total value of all goods and services produced in a country in a year. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and.

Browse additional economic indicators and data sets, selected by global finance editors, to learn more about the. Gross domestic product per capita for dominican republic. Dominican republic compared to other countries the gdp purchasing power parity of dominican republic is similar to that of myanmar, tunisia, syrian arab republic, bulgaria, azerbaijan, oman, ghana, sudan, guatemala, serbia with a respective gdp purchasing power parity of. The economy of the dominican republic is the eighth largest in latin america, and is the largest in the caribbean and central america region. The dominican republic s economic freedom score is 60. The index measures the amount of human capital that a child born today can. Dominican republic economic indicators moodys analytics. Dominican republic gdp per capita 19602018 data 20192020. Health expenditure as share of gdp in the dominican.

Percentile ranks are calculated using the latest available data for all countries within the last 5 years. Gdp per capita ppp compares gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Live estimate for national public debt today and since the beginning of the year. The economy is based largely on oil and natural gas production, with the petroleum industry accounting for more than 40 percent of gdp between 2006 and 2014. Apr 29, 2020 the statistic shows gross domestic product gdp in dominican republic from 1984 to 2018, with projections up until 2021. S dollars per person, for the latest year for which data is published. Gdp is the total value of all goods and services produced in a. Gdp per capita is gross domestic product divided by midyear population. List of countries by gdp nominal per capita wikipedia. Dominican republic economy 2020, cia world factbook. Dominican republic gdp per capita usd focuseconomics. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current u.

For example, dominican republic s exports rank is higher than please wait. World bank dominican republic dominican republic real gdp per capita information is provided as is and solely for informational purposes, not for trading purposes or advice, and may be delayed. Dominican republic gdp per capita 19602018 data 2019. The gross domestic product per capita in dominican republic was last recorded at 15821. The dominican republic was for most of its history primarily an exporter of sugar, coffee, and tobacco, but over the last three decades the economy has become more diversified as the service sector has overtaken agriculture as the economys largest employer, due to growth in construction, tourism, and free trade zones. Dominican republic leads caribbean economies global finance. Dominican republic gdp per capita ppp economy indexmundi. Gdp per capita current lcu the value for gdp per capita current lcu in dominican republic was 398,586. Apr 29, 2020 the statistic shows gross domestic product gdp per capita in dominican republic from 1984 to 2018, with projections up until 2024. For the last 20 years, the dominican republic has been one of the fastest growing economies in latin america. Dominican republic statistics, rankings, news us news. Dominican republic gdp per capita ppp 19902018 data 2019. Dominican republic the economy long dependent on sugar, the dominican republic diversified its economy during the 1970s and the 1980s to include mining, assembly manufacturing, and tourism.

The country is one of the fastest growing economies. Dominican republic real gdp per capita in us constant 200 dollars inflationadjusted. Hci and gdp per capita ppp log scale, horizontal axis. Dominican republic vs united states economy stats compared. Graph and download economic data for gross domestic product per capita for dominican republic pcagdpdoa646nwdb from 1960 to 2018 about dominican republic, per capita, and gdp. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values.

The statistic shows gross domestic product gdp per capita in dominican republic from 1984 to 2018, with projections up until 2024. Dominican republics nominal gdp per capita is forecasted to be 9194. The dominican republics economy has maintained robust growth over the last 5. Remittances from the us amount to about 7% of gdp, equivalent to about a third of exports and twothirds of tourism receipts. Dominican republic compared to other countries the vehicles per people of dominican republic is similar to that of singapore, kosovo, venezuela, kiribati, panama, tunisia, iran, algeria, albania, namibia with a respective vehicles per people of 151, 150, 147, 144, 8. Gdp per capita in dominican republic real gdp per capita. For rankings regarding wealth, see list of countries by wealth per adult. Constant gdp per capita for the dominican republic 2010 u. Dominican republic economy gdp, inflation, cpi and interest. The share of the population living on less than usd 5. Dominican republic gdp per capita ppp 19902018 data.

The central americadominican republic free trade agreement came into force in march 2007, boosting investment and manufacturing exports. Gdp per capita ppp in dominican republic averaged 9577. The economy bounced back in q3 from a sharp slowdown in the second quarter, according to central bank data q3. Gross domestic product gdp per capita in dominican. In 2018, gdp per capita for dominican republic was 8,341 us dollars. World bank national accounts data, and oecd national accounts data files. Page last updated on january 27, 2020 economy overview. The country is the site of the single largest gold mine in latin america, the pueblo viejo mine. Dominican republic economy gdp, inflation, cpi and. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender.

The value for gdp per capita current lcu in dominican republic was 398,586. Dominican republic leads caribbean economies global. As the graph below shows, over the past 58 years this indicator reached a maximum value of 398,586. The gross domestic product gdp per capita is the national output, divided by the population, expressed in u. The gdp per capita in dominican republic is equivalent to 61 percent of the worlds average. In 2019, gdp per capita based on ppp for dominican republic was 19,411 international dollars. The country increased its gdp per capita by more than. Current gdp estimated data for 2020 and national debt. The percent of health spending that is private as % gdp has declined and public expenditure has risen. World economics makes available of worlds most comprehensive gdp database covering over countries with historical gdp ppp data from 18702018, building on the lifetimes work of angus maddison. Country report 2017 includes the dominican republic real gross domestic product growth rate, with latest forecasts and historical data, gdp per capita, and gdp composition by sector. The purpose of this graph is to take a snapshot of a countrys economy in comparison to other economies. It is considered to be a very important indicator of the economic. Knoema is the most comprehensive source of global decisionmaking data in.

The gross domestic product per capita in dominican republic was last recorded at 7750. Dollars the economy rediscovers a spring in its step in q3. Probability of dying under five per 1 000 live births, 2018 29. Gdp per capita of dominican republic increased from 2,675 us dollars in 1999 to 8,341 us dollars in 2018 growing at an average annual rate of 6. Dominican republic gdp per capita 19602020 macrotrends. The dominican republic gdp forecast 2017, economic data. Central america dominican republic the world factbook. See how dominican republic ranks in us news best countries. Facts and statistics about the gdp per capita ppp of dominican republic. The gross domestic product gdp per capita figures on this page are derived from ppp. Oec dominican republic dom exports, imports, and trade. The dominican republic has improved in several development indicators in the past decades.