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Dominican Republic Trade (% GDP)

Dominican Republic's trade (% GDP) rose to 51.78% in 2024, up from 49.84% in 2023, according to World Bank. This represents an increase of 1.94% from the previous year. Dominican Republic has trade (% GDP) lower than the global median (51.78% vs median 84.49%). Compared with the median in Americas, Dominican Republic is lower (51.78% vs regional median 78.04%) and ranks 25th out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 51.78%
2023 49.84%
2022 54.38%
2021 51.95%
2020 44.73%
2019 50.91%
2018 52.34%
2017 50.76%
2016 51.73%
2015 52.35%
2014 55.66%
2013 56.81%
2012 58.51%
2011 59.07%
2010 56.06%
2009 50.65%
2008 61.43%
2007 61.23%
2006 63.77%
2005 61.65%
2004 81.35%
2003 84.45%
2002 68.72%
2001 70.51%
2000 79.3%
1999 76.3%
1998 75.91%
1997 74.23%
1996 72.64%
1995 73.9%
1994 77.16%
1993 78%
1992 80.46%
1991 83.09%
1990 69.2%
1989 69.47%
1988 71.35%
1987 58.06%
1986 49.43%
1985 57%
1984 51.74%
1983 41.34%
1982 41.07%
1981 50.62%
1980 54.41%
1979 53.79%
1978 48.11%
1977 49.35%
1976 51.47%
1975 61.11%
1974 60.59%
1973 49.53%
1972 45.92%
1971 45.72%
1970 45.88%
1969 44.59%
1968 45.13%
1967 43.09%
1966 41.68%
1965 36.57%
1964 47.73%
1963 46.7%
1962 48.05%
1961 39.6%
1960 44.41%
Dominican Republic Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Dominican Republic divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $12.92B $11.93B 2024
Annual Imports $32.69B $31.34B 2024
Exports (% GDP) 22.77% 21.32% 2024
FDI Inflows (% GDP) 3.6% 3.94% 2024
Imports (% GDP) 29.02% 28.52% 2024
Net Trade (Goods & Services, BoP) -$7.58B -$8.66B 2024
Tariff Rate 4.48% 5.53% 2022