Dominican Republic Poverty Rate
Dominican Republic's poverty rate rose to 1.3% in 2023, up from 1% in 2022, according to World Bank. This represents an increase of 0.3% from the previous year. Dominican Republic has poverty rate lower than the global median (1.30% vs median 1.90%). Compared with the median in Americas, Dominican Republic is lower (1.30% vs regional median 2.25%) and ranks 15th out of 22 countries in Americas.
Dominican Republic's annual unemployment rate fell to 5.47% in 2024, down from 5.56% in 2023.
Yearly Historical Data (1986-2023)
(in %)Dominican Republic Poverty Rate : Definition
Poverty Rate measures the percentage of people in Dominican Republic living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).