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Dominican Republic GDP Annual Growth Rate

Dominican Republic's GDP annual growth rate rose to 4.95% in 2024, up from 2.19% in 2023, according to World Bank. This represents an increase of 2.76% from the previous year. Dominican Republic has GDP annual growth rate higher than the global median (4.95% vs median 3.24%). Compared with the median in Americas, Dominican Republic is higher (4.95% vs regional median 3.27%) and ranks 4th out of 44 countries in Americas.

Dominican Republic's real GDP rose to $104.77 billion in 2024, up from $99.83 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 4.95%
2023 2.19%
2022 5.24%
2021 14.01%
2020 -7.93%
2019 4.89%
2018 7.1%
2017 3.93%
2016 6.72%
2015 6.99%
2014 7.11%
2013 4.93%
2012 2.78%
2011 3.19%
2010 8.4%
2009 1%
2008 3.27%
2007 7.42%
2006 9.17%
2005 9.43%
2004 2.59%
2003 -1.35%
2002 4.49%
2001 2.47%
2000 4.65%
1999 5.96%
1998 6.71%
1997 8.9%
1996 5.96%
1995 5.7%
1994 2.59%
1993 7.37%
1992 11.24%
1991 0.94%
1990 -5.45%
1989 4.4%
1988 2.16%
1987 10.12%
1986 3.52%
1985 -2.12%
1984 1.25%
1983 4.63%
1982 1.7%
1981 4.28%
1980 7.97%
1979 4.53%
1978 2.14%
1977 4.98%
1976 6.73%
1975 5.19%
1974 6%
1973 12.9%
1972 10.39%
1971 10.87%
1970 18.23%
1969 10.89%
1968 0.24%
1967 3.33%
1966 13.46%
1965 -12.48%
1964 6.76%
1963 6.5%
1962 17.05%
1961 -2.31%
Dominican Republic GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Dominican Republic's total economic output.
Indicator Last Value Prior Value Period
GDP $124.28B $120.46B 2024
GDP per Capita $9,168.29 $8,809.96 2024
GDP per Capita PPP $24,229.47 $23,282.49 2024
Real GDP $104.77B $99.83B 2024