The economy of Dominican Republic grew 3.3 percent year-on-year in the fourth quarter of 2022, easing from a 5 percent expansion in the previous three-month period and pointing to the smallest growth since the first quarter of 2021. source: Central Bank of Dominican Republic

GDP Annual Growth Rate in Dominican Republic averaged 5.33 percent from 1992 until 2022, reaching an all time high of 25.40 percent in the second quarter of 2021 and a record low of -16.90 percent in the second quarter of 2020. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2023.

GDP Annual Growth Rate in Dominican Republic is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Dominican Republic GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Growth Rate -1.18 1.44 percent Sep 2022
GDP Annual Growth Rate 3.30 5.00 percent Dec 2022
Gross Fixed Capital Formation 602441.40 468537.20 DOP Millions Dec 2022
GDP Constant Prices 1741310.70 1527340.80 DOP Millions Dec 2022

Dominican Republic GDP Annual Growth Rate
The Dominican Republic is one of the fastest growing economies in the Caribbean. The most important sector of the economy is services, specifically tourism, finance and telecommunications. Mining has also been growing in importance, and ferronickel and gold production is expected to continue increasing. The Dominican Republic is also dependent on remittances and on revenues from the free-trade zones.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 5.00 25.40 -16.90 1992 - 2022 percent Quarterly