Real gdp per capita dominican republic

Gdp per capita current lcu the value for gdp per capita current lcu in dominican republic was 398,586. No claims are made regarding the accuracy of gdp per capita ppp information contained here. The index measures the amount of human capital that a child born today can. Gdp per capita in dominican republic averaged 3376. Gdp per capita in dominican republic real gdp per capita in. S dollars per person, for the latest year for which data is published. 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. 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. Dominican republic real gdp per capita in us constant 200 dollars inflationadjusted.

Facts and statistics about the gdp composition by sector of dominican republic. Accordingly, the dominican republic and haiti have been at opposite ends of the spectrum within latin. Over the last two decades, the dominican republic have been standing out as one of the fastest economies in the americas. 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. The statistic shows the growth in real gdp in dominican republic from 2009 to 2018, with projections up until 2021.

Dominican republic cost of living, internet speed, weather and other metrics as a place to work remotely for digital nomads. Dominican republic gdp per capita ppp 19902018 data 2019. 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. For rankings regarding wealth, see list of countries by wealth per adult. List of countries by gdp nominal per capita wikipedia. Dominican republic economy gdp, inflation, cpi and interest. That makes it a good measurement of a countrys standard of living. Dominican republic gdp per capita 19602018 data 2019. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita, i. 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. This economic indicator consists of the following three concepts. In 2018, dominican republic s real gross domestic product grew by around 7. Dominican republic gross domestic product gdp growth rate.

As the graph below shows, over the past 58 years this indicator reached a maximum value of 398,586. Gdp per capita is gross domestic product divided by midyear population. Dominican republic gdp composition by sector economy. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The gross domestic product per capita in dominican republic was last recorded at 15821. 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 information regarding gdp per capita ppp on this page is republished from the cia world factbook 2018. This entry shows where production takes place in an economy. The dominican republic gdp forecast 2017, economic data. It divides the countrys gross domestic product by its total population. Ranking of the country dominican republic at the global level is from the highest to the lowest data.

Dominican republic gdp worldometer real time world. Dominican republic gdp per capita usd focuseconomics. The dr remains the most rapid economy in the region in 2014 and 2015, with a real gdp growth at 7 percent. The gross domestic product gdp per capita is the national output, divided by the population, expressed in u. The economy bounced back in q3 from a sharp slowdown in the second quarter, according to central bank data q3. 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. Economic growth and decline in comparative perspective. 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. 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 vs united states economy stats compared.

Gdp per capita is a measure of a countrys economic output that accounts for its number of people. Dominican republic gdp per capita ppp 19902018 data. State department and the world bank in the caribbean and central american region. Industry includes mining, manufacturing, energy production, and construction. Dollars the economy rediscovers a spring in its step in q3.

Dominican republic global economic prospects examines trends for the world economy and how they affect developing countries. See how dominican republic ranks in us news best countries. Luxembourg is followed by switzerland, macao, norway, and ireland. Dominican republic economy 2020, cia world factbook. 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. Gdp per capita ppp in dominican republic averaged 9577. Its used to compare the standard of living between countries and over time. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. This entry shows gdp on a purchasing power parity basis divided by population as of 1 july for the same year. Gdp official exchange rate gdp purchasing power parity.

The gross domestic product gdp per capita figures on this page are derived from ppp. 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 gni per capita gross national income. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Dominican republic economy gdp, inflation, cpi and. 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. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and. Here are the gdp per capita rankings of the world top10 economies based on gdp along with their gdp per capita during 2019. 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. Dominican republic statistics, rankings, news us news.

In 1950, haiti and the dominican republic were almost equal in per capita income levels. 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 dominican republics economic freedom score is 60. The value for gdp per capita current lcu in dominican republic was 398,586. Despite its strong growth and macroeconomic stability, the country has not witnessed significant welfare improvements, until very recently. Gdp per capita worldometer real time world statistics. Dominican republic gross domestic product gdp growth. 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. Browse additional economic indicators and data sets, selected by global finance editors, to learn more about the. The gross domestic product per capita in dominican republic was last recorded at 7750. 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 statistic shows gross domestic product gdp per capita in dominican republic from 1984 to 2018, with projections up until 2024. You must understand these first if you want to comprehend gdp. Gdp per capita in dominican republic real gdp per capita. Gross domestic product gdp per capita in dominican.

In 2018, gdp per capita for dominican republic was 8,341 us dollars. 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. Hci and gdp per capita ppp log scale, horizontal axis. Agriculture includes farming, fishing, and forestry. 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. Central america dominican republic the world factbook. 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. Constant gdp per capita for the dominican republic. All suggestions for corrections of any errors about gdp per capita ppp should be addressed to the cia. The gdp per capita, in dominican republic, when adjusted by purchasing power parity is equivalent to 89 percent of the worlds average. Projections for these indicators are provided only through 2021. In 2018, real gdp lcu for dominican republic was 2,500,289 million lcu.

The gdp per capita in dominican republic is equivalent to 61 percent of the worlds average. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. This page is a list of the countries of the world by gross domestic product at purchasing. The dominican republic is the largest economy according to the u. The percentage change in real gdp per capita for the latest year for which data is published. 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.