Dominican Republic recorded a Current Account deficit of 1.40 percent of the country's Gross Domestic Product in 2019. source: Consejo Monetario Centroamericanono

Current Account to GDP in Dominican Republic averaged -2.67 percent from 1993 until 2019, reaching an all time high of 5 percent in 2003 and a record low of -9.40 percent in 2008. This page provides - Dominican Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Current Account to GDP - values, historical data and charts - was last updated on March of 2021.

Current Account to GDP in Dominican Republic is expected to reach -1.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Dominican Republic Current Account to GDP is projected to trend around -1.90 percent in 2021 and -2.50 percent in 2022, according to our econometric models.

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Dominican Republic Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -1.40 5.00 -9.40 1993 - 2019 percent Yearly

Dominican Republic Trade Last Previous Highest Lowest Unit
Balance of Trade -485.00 -449.70 -80.60 -1028.20 USD Million [+]
Current Account -328.50 -589.50 587.00 -1561.10 USD Million [+]
Current Account to GDP -1.40 -1.40 5.00 -9.40 percent [+]
Imports 1426.80 1355.90 1926.90 324.80 USD Million [+]
Exports 931.10 898.10 1016.00 282.80 USD Million [+]
Remittances 792.84 872.31 1088.90 78.50 USD Million [+]
Gold Reserves 0.57 0.57 0.57 0.56 Tonnes [+]
Terrorism Index 0.00 0.18 2.58 0.00 [+]
Tourist Arrivals 205311.00 348464.00 672969.00 217.00 [+]
Foreign Direct Investment 446.10 756.40 1658.80 123.50 USD Million [+]
External Debt 29929.30 26174.40 29929.30 11056.90 USD Million [+]
Capital Flows -3984.40 1965.70 3231.20 -3984.40 USD Million [+]


Dominican Republic Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.