Dominican Republic Current Account to GDP

Dominican Republic recorded a Current Account deficit of 7.20 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Dominican Republic is reported by the Central American Monetary Council. From 1993 until 2012, Dominican Republic Current Account to GDP averaged -3.1 Percent reaching an all time high of 5.1 Percent in December of 2003 and a record low of -9.9 Percent in December of 2008. 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. This page provides - Dominican Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-7.20 -7.90 5.10 -9.90 -6.50 | 2013/12 1993 - 2012 Percent Yearly

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Dominican Republic Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Gold Reserves 0.57 2013-12-31 0.57 0.57 0.56 Tonnes [+]
Remittances 3158.00 2012-12-31 3131.00 3158.00 1807.00 3180.99 2013-12-31 USD Million [+]
Balance of Trade -630.50 2013-06-30 -582.40 -80.60 -1028.20 -584.23 2013-07-31 USD Million [+]
Current Account -958.70 2013-09-30 -639.50 587.00 -1561.10 -619.13 2013-12-31 USD Million [+]
Current Account to GDP -7.20 2012-12-31 -7.90 5.10 -9.90 -6.50 2013-12-31 Percent [+]
Exports 774.20 2013-06-30 822.30 882.90 282.80 826.27 2013-07-31 USD Million [+]
Imports 1404.80 2013-06-30 1404.80 1815.40 445.10 1464.44 2013-07-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Dominican Republic Consumer Price Index (CPI) at 117.59 Index Points  
Consumer Price Index (CPI) in Dominican Republic increased to 117.59 Index Points in March of 2014 from 116.98 Index Points in February of 2014. Consumer Price Index (CPI) in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Gold Reserves at 0.57 Tonnes  
Gold Reserves in Dominican Republic remained unchanged at 0.57 Tonnes in the fourth quarter of 2013 from 0.57 Tonnes in the third quarter of 2013. Gold Reserves in Dominican Republic is reported by the World Gold Council.
Dominican Republic Government Debt To GDP at 45.71 Percent  
Dominican Republic recorded a Government Debt to GDP of 45.71 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Dominican Republic is reported by the Consejo Monetario Centroamericano.
Dominican Republic GDP Annual Growth Rate at 7.30 Percent  
The Gross Domestic Product (GDP) in Dominican Republic expanded 7.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Inflation Rate at 2.99 Percent  
The inflation rate in Dominican Republic was recorded at 2.99 percent in March of 2014. Inflation Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Interest Rate at 6.25 Percent  
The benchmark interest rate in Dominican Republic was last recorded at 6.25 percent. Interest Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Dominican Republic stands at 25 percent. Personal Income Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Corporate Tax Rate at 28.00 percent  
The Corporate Tax Rate in Dominican Republic stands at 28 percent. Corporate Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Dominican Republic stands at 18 percent. Sales Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Balance of Trade at -630.50 USD Million  
Dominican Republic recorded a trade deficit of 630.50 USD Million in June of 2013. Balance of Trade in Dominican Republic is reported by the Central American Monetary Council.
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