That makes it a good measurement of a countrys standard of living. Hci and gdp per capita ppp log scale, horizontal axis. Country report 2017 includes the dominican republic real gross domestic product growth rate, with latest forecasts and historical data, gdp per capita, and gdp composition by sector. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. You must understand these first if you want to comprehend gdp. S dollars per person, for the latest year for which data is published. Dominican republic real gdp per capita in us constant 200 dollars inflationadjusted. Gdp per capita in dominican republic real gdp per capita in.
The information regarding gdp per capita ppp on this page is republished from the cia world factbook 2018. Per capita gdp is a measure of the total output of a country that takes gross domestic product gdp and divides it by the number of people in the country. Economic growth and decline in comparative perspective. The distribution gives the percentage contribution of agriculture, industry, and services to total gdp, and will total 100 percent of gdp if the data are complete. Ppp takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. Dec 20, 2019 graph and download economic data for constant gdp per capita for the dominican republic nygdppcapkddom from 1960 to 2018 about dominican republic, per capita, real, and gdp. Dominican republic economy gdp, inflation, cpi and interest. Despite its strong growth and macroeconomic stability, the country has not witnessed significant welfare improvements, until very recently. The statistic shows the growth in real gdp in dominican republic from 2009 to 2018, with projections up until 2021. Real gdp per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. In 2018, dominican republic s real gross domestic product grew by around 7. The gross domestic product gdp per capita figures on this page are derived from ppp. Central america dominican republic the world factbook.
This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. The economy bounced back in q3 from a sharp slowdown in the second quarter, according to central bank data q3. Ranking of the country dominican republic at the global level is from the highest to the lowest data. In 2018, dominican republics real gross domestic product grew by around 7. World economics makes available of worlds most comprehensive gdp database covering over countries with historical gdp ppp data from 18702018, building on the lifetimes work of angus maddison. Dominican republic gdp per capita ppp 19902018 data. Real gdp lcu of dominican republic increased from 197,643 million lcu in 1969 to 2,500,289 million lcu in 2018 growing at an average annual rate of 5. Dominican republic gross domestic product gdp growth rate. The dominican republics economic freedom score is 60.
This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current u. Dollars the economy rediscovers a spring in its step in q3. Gross domestic product gdp per capita in dominican. The gross domestic product per capita in dominican republic was last recorded at 7750. This entry shows where production takes place in an economy. In 2018, gdp per capita for dominican republic was 8,341 us dollars.
Dominican republic economy 2020, cia world factbook. Dominican republic economy gdp, inflation, cpi and. Its used to compare the standard of living between countries and over time. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i.
The value for gdp per capita current lcu in dominican republic was 398,586. This page is a list of the countries of the world by gross domestic product at purchasing. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and. It divides the countrys gross domestic product by its total population. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Dominican republic gdp per capita ppp 19902018 data 2019. Gdp per capita ppp in dominican republic averaged 9577. Apr, 2020 real gdp per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. The dominican republic is the largest economy according to the u. Chart 1 gdp per capita growth, selected countries, 19602011, 1960100 chart 2 dominican republic gdp real growth rate, 19802011 % chart 3 balance of trade and remittances to the dominican republic, 20002010 usd million chart 4 trends in employment to population ratio, male and female, selected countries, 1991. Purchasing power parity converted gdp per capita chain. The statistic shows gross domestic product gdp per capita in dominican republic from 1984 to 2018, with projections up until 2024. The table below lists countries in the world ranked by gdp at purchasing power parity ppp per capita, along with the nominal gdp per capita. For rankings regarding wealth, see list of countries by wealth per adult.
The index measures the amount of human capital that a child born today can. Projections for these indicators are provided only through 2021. Over the last two decades, the dominican republic have been standing out as one of the fastest economies in the americas. Dominican republic vs united states economy stats compared. From 1960 to 2005, the dominican republics real gdp per capita had tripled while haitis had fallen to half of what it was in 1960. Accordingly, the dominican republic and haiti have been at opposite ends of the spectrum within latin. Gdp per capita of dominican republic increased from 2,675 us dollars in 1999 to 8,341 us dollars in 2018 growing at an average annual rate of 6. Dominican republic gdp per capita 19602018 data 2019. The countries had the same per capita real gdp in 1960 but, by 2005, the dominican republic s per capita real gdp had tripled whereas that of haiti had halved. The dominican republic was for most of its history primarily an exporter of sugar, coffee, and tobacco, but over the last three decades the economy has become more diversified as the service sector has overtaken agriculture as the. Graph and download economic data for purchasing power parity converted gdp per capita chain series for dominican republic rgdpchdoa625nupn from 1951 to 2010 about dominican republic, chained, ppp, per capita, and gdp. Gdp per capita is a measure of a countrys economic output that accounts for its number of people. Gdp official exchange rate gdp purchasing power parity.
The gross domestic product gdp per capita is the national output, divided by the population, expressed in u. The gross domestic product per capita in dominican republic was last recorded at 15821. The dominican republic and haiti share the island of hispaniola and are broadly similar in terms of geography and historical institutions, yet their growth performance has diverged remarkably. In 2018, real gdp lcu for dominican republic was 2,500,289 million lcu. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. In 1950, haiti and the dominican republic were almost equal in per capita income levels. For the median country in the world, with a year 2015 ppp gdp per capita of around 0usd, iv estimates predict that a 1 percentage point increase in the gini coefficient decreases gdp per capita growth over a 5year period by over 1 percentage point. The dominican republic gdp forecast 2017, economic data. Dominican republic gni per capita gross national income. Here are the gdp per capita rankings of the world top10 economies based on gdp along with their gdp per capita during 2019. The countries had the same per capita real gdp in 1960 but, by 2005, the dominican republics per capita real gdp had tripled whereas that of haiti had halved. The gdp per capita in dominican republic is equivalent to 61 percent of the worlds average.
See how dominican republic ranks in us news best countries. This economic indicator consists of the following three concepts. Gdp per capita current lcu the value for gdp per capita current lcu in dominican republic was 398,586. The dr remains the most rapid economy in the region in 2014 and 2015, with a real gdp growth at 7 percent. Dominican republic gdp composition by sector economy. No claims are made regarding the accuracy of gdp per capita ppp information contained here. Agriculture includes farming, fishing, and forestry. List of countries by gdp nominal per capita wikipedia. World bank dominican republic dominican republic real gdp per capita information is provided as is and solely for informational purposes, not for trading purposes or advice, and may be delayed. All suggestions for corrections of any errors about gdp per capita ppp should be addressed to the cia.
Dominican republic gdp per capita usd focuseconomics. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. Facts and statistics about the gdp composition by sector of dominican republic. Dominican republic gross domestic product gdp growth. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Dominican republic global economic prospects examines trends for the world economy and how they affect developing countries. State department and the world bank in the caribbean and central american region. Browse additional economic indicators and data sets, selected by global finance editors, to learn more about the. Luxembourg is followed by switzerland, macao, norway, and ireland. Graph and download economic data for constant gdp per capita for the dominican republic nygdppcapkddom from 1960 to 2018 about dominican republic, per capita, real, and gdp. Dominican republic cost of living, internet speed, weather and other metrics as a place to work remotely for digital nomads.
We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. Constant gdp per capita for the dominican republic. As the graph below shows, over the past 58 years this indicator reached a maximum value of 398,586. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Gdp per capita in dominican republic averaged 3376. Gdp per capita is gross domestic product divided by midyear population. Dominican republic statistics, rankings, news us news.
The gdp per capita, in dominican republic, when adjusted by purchasing power parity is equivalent to 89 percent of the worlds average. The percentage change in real gdp per capita for the latest year for which data is published. Dominican republic gdp worldometer real time world. Industry includes mining, manufacturing, energy production, and construction. Gdp per capita in dominican republic real gdp per capita.
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