Labor force | 5.302 million (2023 est.) |
---|---|
Industrial production growth rate | -0.07% (2023 est.) |
Industries | tourism, sugar processing, gold mining, textiles, cement, tobacco, electrical components, medical devices |
Population below poverty line | 23.9% (2021 est.) |
Taxes and other revenues | 13.82% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | Dominican pesos (DOP) per US dollar - |
Exchange rates 2023 | 56.158 (2023 est.) |
Exchange rates 2022 | 55.141 (2022 est.) |
Exchange rates 2021 | 57.221 (2021 est.) |
Exchange rates 2020 | 56.525 (2020 est.) |
Exchange rates 2019 | 51.295 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $15.547 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $14.523 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $13.125 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | -$4.376 billion (2023 est.) |
Current account balance 2022 | -$6.549 billion (2022 est.) |
Current account balance 2021 | -$2.685 billion (2021 est.) |
Public debt | |
Public debt 2017 | 37.2% of GDP (2017 est.) |
Budget | |
Revenues | $18.303 billion (2022 est.) |
Expenditures | $20.072 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 8.65% of GDP (2023 est.) |
Remittances 2022 | 9.05% of GDP (2022 est.) |
Remittances 2021 | 11.4% of GDP (2021 est.) |
Household income | |
Lowest 10% | 2.6% (2022 est.) |
Highest 10% | 28.3% (2022 est.) |
Average household expenditures | |
On food | 26.6% of household expenditures (2022 est.) |
On alcohol and tobacco | 3.8% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $34.455 billion (2023 est.) |
Imports 2022 | $36.838 billion (2022 est.) |
Imports 2021 | $28.69 billion (2021 est.) |
Imports (partners) | US 44%, China 15%, Brazil 4%, Colombia 3%, Spain 3% (2022) |
Comodities Imports force | refined petroleum, natural gas, cars, plastic products, crude petroleum (2022) |
Exports | |
Imports 2023 | $34.455 billion (2023 est.) |
Imports 2022 | $36.838 billion (2022 est.) |
Imports 2021 | $28.69 billion (2021 est.) |
Exports (partners) | US 50%, Switzerland 8%, Haiti 7%, China 3%, India 3% (2022) |
Comodities Exports force | medical instruments, gold, tobacco, power equipment, garments (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $261.616 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $255.582 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $243.74 billion (2021 est.) |
GDP (official exchange rate) | $121.444 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $23,100 (2023 est.) |
Real GDP per capita 2022 | $22,800 (2022 est.) |
Real GDP per capita 2021 | $21,900 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 6.4% (2023 est.) |
Industry | 31.1% (2023 est.) |
Services | 56% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 64.7% (2023 est.) |
Government consumption | 11.3% (2023 est.) |
Investment in fixed capital | 32.2% (2023 est.) |
Investment in inventories | -0.9% (2023 est.) |
Exports of goods and services | 21.1% (2023 est.) |
Imports of goods and services | -28.5% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 5.56% (2023 est.) |
Unemployment rate 2022 | 5.5% (2022 est.) |
Unemployment rate 2021 | 7.7% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 11.8% (2023 est.) |
Male | 9.5% (2023 est.) |
Female | 15.4% (2023 est.) |
Want to know more about Dominican Republic? Check all different factbooks for Dominican Republic below.