Dominican Republic recorded a Current Account deficit of 1.40 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Dominican Republic averaged -2.72 percent from 1993 until 2018, 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 April of 2020.

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 -0.20 5.00 -9.40 1993 - 2018 percent Yearly
Current Account to GDP by Country

Dominican Republic Trade Last Previous Highest Lowest Unit
Balance of Trade -743.50 -835.40 -80.60 -1028.20 USD Million [+]
Current Account -750.70 -295.70 587.00 -1561.10 USD Million [+]
Current Account to GDP -1.40 -0.20 5.00 -9.40 percent [+]
Imports 1623.90 1752.90 1926.90 324.80 USD Million [+]
Exports 975.30 1006.90 1030.70 282.80 USD Million [+]
Remittances 591.82 581.88 1088.90 78.50 USD Million [+]
Gold Reserves 0.57 0.57 0.57 0.56 Tonnes [+]
Terrorism Index 0.18 0.38 2.58 0.00 [+]
Tourist Arrivals 624268.00 461865.00 672969.00 16835.00 [+]
Foreign Direct Investment 742.70 596.00 1658.80 123.50 USD Million [+]
External Debt 23387.60 23431.00 23564.00 11056.90 USD Million [+]
Capital Flows 53.60 -1375.00 1144.10 -2143.60 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.