Dominican Republic GDP Annual Growth Rate

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. GDP Annual Growth Rate in Dominican Republic averaged 5.51 Percent from 1993 until 2013, reaching an all time high of 12.80 Percent in the first quarter of 2006 and a record low of -2.20 Percent in the fourth quarter of 2003. 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. Yet, serious reforms are required in order to keep the current pace of growth. Taxes account for only 13 percent of GDP, education is underfunded and electricity consumption is heavily subsidized. Corruption and inefficient public spending are also a significant drain on public resources. In addition, a third of the population still lives in poverty and drug related crime has increased in recent years. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.30 5.50 12.80 -2.20 7.44 | 2014/03 1993 - 2013 Percent Quarterly

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Dominican Republic GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
Gdp Growth Rate 0.76 2013-09-30 6.85 17.18 -11.60 3.80 2013-12-31 Percent [+]
GDP 58.95 2012-12-31 55.67 58.95 0.65 64.25 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 7.30 2013-12-31 5.50 12.80 -2.20 7.44 2014-03-31 Percent [+]
GDP per capita 5059.03 2012-12-31 4931.63 5059.03 1026.23 5256.32 2014-06-30 USD [+]
GDP per capita PPP 8794.14 2012-12-31 8572.68 8794.14 3677.95 9137.09 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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