Dominican Republic

Description of Dominican Republic

Welcome to our website dedicated to providing in-depth analysis of the Dominican Republic's geopolitical and macroeconomic landscape. As a country rich in history and culture, the Dominican Republic holds a strategic position in the Caribbean region. Through examining key macroeconomic statistics and trends, we aim to shed light on how these factors influence the country's development and its relationships with neighboring nations and the wider global community. Join us as we delve into the complexities of the Dominican Republic's economic growth, political dynamics, and international standing.

Population And Age Structure

Population, total: The total population of the Dominican Republic is 10,999,664, which is below the average population of 40,097,746. The country is ranked 83rd out of 194 countries in terms of total population data.

Population ages 0-14 (% of total population): In the Dominican Republic, 27.62% of the population falls within the 0-14 age group, slightly above the average of 27.34%. The country is ranked 89th out of 194 countries in this category.

Population ages 0-14, total: The total number of individuals aged 0-14 in the Dominican Republic is 3,038,478, which is significantly below the average of 10,327,379. The country ranks 86th out of 194 countries for this demographic.

Population ages 15-64 (% of total population): With 65.41% of its population falling within the 15-64 age group, the Dominican Republic surpasses the average of 63.44%. The country holds the 75th rank out of 194 countries for this metric.

Population ages 15-64, total: The total number of individuals aged 15-64 in the Dominican Republic is 7,195,061, which is below the average of 26,003,407. The country is ranked 81st out of 194 countries for this age group.

Population ages 65 and above (% of total population): Individuals aged 65 and above make up 6.96% of the Dominican Republic's population, lower than the average of 9.22%. The country holds the 95th rank out of 194 countries in this category.

Population ages 65 and above, total: There are 766,125 individuals aged 65 and above in the Dominican Republic, significantly below the average of 3,766,959. The country is ranked 82nd out of 194 countries in terms of the elderly population.

Summary

The analysis reveals that the Dominican Republic has a relatively small total population compared to the global average, with a higher percentage of individuals in the 15-64 age group and lower percentages in the 0-14 and 65+ age groups. This demographic distribution is significant as it indicates a relatively young workforce that can potentially drive economic productivity and growth, with implications for future social welfare policies, healthcare needs, and pension systems as the population ages.

Population Miscellaneous

- The Rural population of the Dominican Republic is 1,920,541, below the average of 18,044,041.29. The country ranks 106 out of 190 countries in the dataset.

- The Rural population (% of total population) in the Dominican Republic is 17.46%, significantly below the average of 41.16%. The country ranks 157 out of 190 countries in the dataset.

- The Urban population in the Dominican Republic is 9,079,123, well below the average of 22,425,747.38. The country ranks 65 out of 194 countries in the dataset.

- The Urban population (% of total population) in the Dominican Republic is 82.54%, higher than the average of 59.69%. The country ranks 38 out of 194 countries in the dataset.

- The Age dependency ratio (% of working-age population) in the Dominican Republic is 52.88%, slightly below the average of 59.22%. The country ranks 120 out of 194 countries in the dataset.

- The Birth rate, crude (per 1,000 people) in the Dominican Republic is 18.78, below the average of 19.38. The country ranks 85 out of 192 countries in the dataset.

- The Death rate, crude (per 1,000 people) in the Dominican Republic is 6.46, below the average of 8.21. The country ranks 136 out of 192 countries in the dataset.

- The Fertility rate, total (births per woman) in the Dominican Republic is 2.30, below the average of 2.60. The country ranks 89 out of 190 countries in the dataset.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that the country has a lower rural population and urban population compared to the global averages. Despite having a higher urban population percentage, the country still lags behind in terms of total urban population size. The country also exhibits lower dependency ratio, birth rate, death rate, and fertility rate compared to the global averages. These indicators are crucial for understanding the demographic landscape and economic dynamics of the Dominican Republic, which can influence various aspects such as healthcare, social welfare programs, labor force participation, and economic growth strategies.

Military

1. Military expenditure (current USD): The Dominican Republic has a military expenditure of 599052525.40 USD, significantly below the average of 12904993617.17 USD. With a rank of 82 out of 149 countries, it demonstrates a relatively lower level of spending compared to the dataset.

2. Military expenditure (% of GDP): The Dominican Republic's military expenditure as a percentage of GDP is 0.75%, lower than the average of 1.90%. Ranked 127 out of 148 countries, it allocates a smaller portion of its GDP towards the military compared to the dataset.

3. Arms imports (SIPRI trend indicator values): The Dominican Republic's arms imports amount to 4000000 USD, well below the average of 205522123.89 USD. With a rank of 96 out of 113 countries, it demonstrates relatively limited reliance on imported arms compared to other nations in the dataset.

4. Armed forces personnel, total: The Dominican Republic has 71000 armed forces personnel, below the average of 165908.54 personnel. Ranked 60 out of 164 countries, it maintains a smaller total armed forces personnel count compared to a significant portion of the dataset.

5. Armed forces personnel (% of total labor force): With 1.48% of its total labor force consisting of armed forces personnel, the Dominican Republic exceeds the average of 1.28%. It holds a rank of 40 out of 164 countries, indicating a relatively higher proportion of labor force dedicated to the armed forces compared to a substantial number of countries in the dataset.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that the country maintains a lower level of military expenditure, allocates a smaller portion of its GDP towards the military, relies less on imported arms, and has a smaller total armed forces personnel count compared to many countries in the dataset. Despite a higher percentage of armed forces personnel in its total labor force, the Dominican Republic's military metrics suggest a prioritization of other areas for national spending and resource allocation, potentially indicating a focus on economic development and social welfare over military expansion.

Natural Resources

Regarding Forest area (sq. km), the Dominican Republic has 21,441 sq. km of forest area, which is below the average of 211,606.11 sq. km. This places the Dominican Republic at rank 104 out of 191 countries.

For Land area (sq. km), the Dominican Republic's 47,531 sq. km is significantly below the average of 665,166.51 sq. km. This rank puts the country at 128 out of 194 countries.

When we consider Surface area (sq. km), the Dominican Republic's 146,839.31 sq. km falls short of the average of 689,779.56 sq. km. This places the country at rank 94 out of 194 countries.

Looking at Arable land (hectares), the Dominican Republic possesses 877,000 hectares, below the average of 7,329,543.16 hectares. This places the country at rank 112 out of 190 countries.

Concerning Land under cereal production (hectares), the Dominican Republic's 211,928 hectares is notably below the average of 4,206,011.63 hectares. This rank places the country at 120 out of 174 countries.

For Average precipitation in depth (mm per year), the Dominican Republic experiences 1410 mm per year, higher than the average of 1,157.83 mm per year. This ranking places the country at 63 out of 178 countries.

In terms of Renewable internal freshwater resources, total (billion cubic meters), the Dominican Republic has 23.5 billion cubic meters, significantly below the average of 240.41 billion cubic meters. This places the country at rank 100 out of 178 countries.

Summary

The Dominican Republic has below-average values for key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. These statistics indicate potential challenges in terms of land use, agricultural productivity, and environmental sustainability for the country. Addressing these discrepancies and improving these metrics could be crucial for the Dominican Republic's long-term economic and environmental development.

Resource Rents

1. Total natural resources rents (% of GDP): The Dominican Republic's value for this attribute is 1.24%, which is below the attribute average of 4.63%. The country ranks 97 out of 175 countries included in the data.

2. Forest rents (% of GDP): The Dominican Republic's value for this attribute is 0.04%, significantly below the attribute average of 1.53%. The country ranks 130 out of 174 countries included in the data.

3. Mineral rents (% of GDP): The Dominican Republic's value for this attribute is 1.20%, slightly below the attribute average of 1.23%. The country ranks 25 out of 86 countries included in the data.

Summary

In summary, the Dominican Republic has a relatively low contribution of natural resources rents, forest rents, and mineral rents to its GDP compared to global averages. This indicates a potential dependency on other sectors for economic growth and may highlight areas for diversification and sustainable development. It also suggests room for further exploration and exploitation of the country's natural resources to drive economic prosperity and competitiveness in the global market.

Commodities

In terms of Cereal production (metric tons), the Dominican Republic's value of 1,087,186.82 is significantly below the average of 17,249,945.93 metric tons. The country ranks 105 out of 174 countries in this category.

For Aquaculture production (metric tons), the Dominican Republic's production of 2,680 metric tons is far below the average of 679,642.92 metric tons. It ranks 106 out of 180 countries in this dataset.

The Dominican Republic's Capture fisheries production of 14,064.13 metric tons is notably lower than the average of 467,453.06 metric tons. The country ranks 133 out of 190 countries for this attribute.

In terms of Total fisheries production (metric tons), the Dominican Republic's production of 16,744.13 metric tons is significantly lower than the average of 1,153,914.85 metric tons. The country also ranks 133 out of 182 countries in this category.

Regarding Fertilizer consumption (kilograms per hectare of arable land), the Dominican Republic's consumption of 174.97 kilograms per hectare is above the average of 159.04 kilograms per hectare. The country ranks 51 out of 187 countries for this indicator.

Summary

The analysis reveals that the Dominican Republic has lower-than-average production levels in key sectors such as Cereal, Aquaculture, Capture fisheries, and Total fisheries. However, it stands out for having above-average Fertilizer consumption per hectare of arable land. These indicators are crucial as they highlight areas where the country may need to focus on improving productivity and efficiency, while also showcasing a potential commitment to enhancing agricultural output through higher fertilizer utilization.

Intellectual Property

Industrial design applications, nonresident, by count: The Dominican Republic has a value of 12, significantly below the average of 1415.83. It ranks 100 out of 112 countries in this attribute.

Industrial design applications, resident, by count: With a value of 4, the Dominican Republic is well below the average of 9799.58 for this attribute, ranking 109 out of 113 countries.

Patent applications, nonresidents: The Dominican Republic's 207 applications are below the average of 6538.40. It ranks 60 out of 129 countries in this regard.

Patent applications, residents: The country's 10 applications fall short of the average of 19037.56, placing it at rank 97 out of 117 countries.

Trademark applications, nonresident, by count: The Dominican Republic's 5025 applications are notably lower than the average of 15878.93. It ranks 69 out of 130 countries.

Trademark applications, resident, by count: With 8070 applications, the country is well below the average of 111055.78. It ranks 54 out of 129 countries in this attribute.

Scientific and technical journal articles: The average of 15103.76 far exceeds the Dominican Republic's 84.65 articles. It ranks 136 out of 192 countries.

Charges for the use of intellectual property, payments (BoP, current US$): The country's payment of $81,900,000 is significantly lower than the average of $3,218,843,494.39. It ranks 74 out of 143 countries in this category.

Summary

The Dominican Republic lags behind in various key macroeconomic indicators related to intellectual property such as industrial design applications, patent applications, trademark applications, scientific and technical journal articles, and charges for the use of intellectual property payments. These lower-than-average figures indicate potential challenges in innovation, research and development, and protection of intellectual property rights which are crucial for driving economic growth and competitiveness in today's global economy.

Broad Economy Attributes

1. The GDP of the Dominican Republic is $78,844,656,298.18 which is below the average GDP of $442,870,224,838.68. The country ranks 66 out of 189 countries in the dataset.

2. The GDP, PPP of the Dominican Republic is $194,778,616,955.59, also below the average of $734,141,122,350.78. The country ranks 65 out of 181 countries in the dataset.

3. The GDP per capita of the Dominican Republic is $7,167.91, significantly below the average of $15,462.11. The country ranks 81 out of 190 countries in the dataset.

4. The GDP per capita, PPP of the Dominican Republic is $17,707.69, lower than the average of $21,251.89. The country ranks 70 out of 181 countries in the dataset.

5. The GNI of the Dominican Republic is $75,019,656,298.62, below the average GNI of $452,040,815,370.70. The country ranks 66 out of 185 countries in the dataset.

6. The GNI, PPP of the Dominican Republic is $185,329,299,211.71, below the average of $730,698,223,823.47. The country ranks 67 out of 181 countries in the dataset.

7. The GNI per capita, PPP of the Dominican Republic is $16,850, also below the average of $20,615.75. The country ranks 73 out of 181 countries in the dataset.

Summary

The Dominican Republic's key macroeconomic indicators paint a picture of an economy that is below average compared to the dataset in terms of GDP, GDP per capita, GNI, and GNI per capita. These rankings signify that the country faces challenges in terms of economic development and prosperity compared to its peers. Understanding these statistics is crucial for policymakers and investors as it highlights areas where the country may need to focus on improving to enhance its economic growth and competitiveness on a global scale.

Broad Value Added

The Gross value added at basic prices (GVA) for the Dominican Republic is $73,741,983,414.53, ranking 62nd out of 176 countries. This value is below the attribute average of $360,070,943,595.12.

In terms of Agriculture, forestry, and fishing value added as a percentage of GDP, the Dominican Republic contributes 6.04%, ranking 105th out of 182 countries. This percentage is below the attribute average of 10.86%.

The Dominican Republic's Agriculture, forestry, and fishing value added in current US dollars is $4,763,382,190.17, placing it at the 74th position out of 182 countries. This value is below the attribute average of $19,924,732,828.07.

Services value added as a percentage of GDP in the Dominican Republic is 57.20%, ranking 82nd out of 183 countries. This percentage is slightly above the attribute average of 56.72%.

The country's Services value added in current US dollars amounts to $45,102,490,483.20, ranking 66th out of 183 countries. This value is below the attribute average of $295,837,711,130.69.

Lastly, the Dominican Republic's Industry (including construction) value added in current US dollars is $23,876,110,739.38, placing it at the 65th position out of 183 countries. This value is below the attribute average of $118,421,095,413.50.

Summary

The Dominican Republic has a lower than average Gross value added at basic prices (GVA), Agriculture, forestry, and fishing value added, Services value added, and Industry value added when compared to global averages. This indicates that the country may have untapped potential in these sectors and could focus on enhancing productivity and efficiency to boost economic growth and development.

Manufacturing Value Added

For Manufacturing, value added (current US$), the Dominican Republic's value is $11,389,157,453.10, which is significantly below the average of $76,207,179,589.66. The country ranks 64th out of 173 countries in this attribute data.

Regarding Manufacturing, value added (% of GDP), the Dominican Republic's value of 14.45% is higher than the average of 11.90%. This places the Dominican Republic at the 56th rank out of 173 countries for this specific attribute.

Summary

The Dominican Republic's manufacturing sector contributes $11.4 billion to its economy, below the global average. However, with manufacturing value added accounting for 14.45% of its GDP, the country outperforms the average, indicating a relatively strong manufacturing sector compared to its overall economic size. These indicators are crucial as they highlight the country's economic diversification and industrial development, which can impact its competitiveness, export potential, and overall economic stability.

Money

Inflation, consumer prices (annual %): The consumer price inflation rate in the Dominican Republic is 3.78%, which is below the global average of 8.26%. The country ranks 45th out of 165 countries.

Inflation, GDP deflator (annual %): The GDP deflator inflation rate in the Dominican Republic is 4.72%, also below the global average of 6.90%. The country ranks 50th out of 188 countries.

Broad money growth (annual %): The broad money growth rate in the Dominican Republic is 21.75%, higher than the global average of 18.03%. The country ranks 23rd out of 139 countries.

Broad money (% of GDP): Broad money as a percentage of GDP in the Dominican Republic is 42.75%, significantly below the global average of 71.75%. The country ranks 102nd out of 139 countries.

Broad money to total reserves ratio: The broad money to total reserves ratio in the Dominican Republic is 3.11, below the global average of 5.17. The country ranks 53rd out of 126 countries.

Summary

Overall, the Dominican Republic displays moderate levels of inflation across both consumer prices and the GDP deflator, ranking comparably well globally. However, it exhibits a notably high broad money growth rate, implying robust economic activity and liquidity. Despite this, the country's broad money as a percentage of GDP and broad money to total reserves ratio are lower than the global averages, suggesting potential limitations in monetary policy effectiveness and economic stability.

These indicators are crucial for policymakers, investors, and analysts as they provide insights into the country's economic performance, monetary policy effectiveness, and the overall health of its financial system. Understanding these metrics can help anticipate potential risks, evaluate the effectiveness of policy measures, and make informed decisions regarding investments and economic partnerships with the Dominican Republic.

Consumption Expenditure

Final consumption expenditure (current US$): The Dominican Republic's final consumption expenditure is $64,904,310,687.54, below the average of $381,630,252,515.38. It ranks 63 out of 159 countries.

Final consumption expenditure (% of GDP): The country's final consumption expenditure as a percentage of GDP is 82.32%, slightly below the average of 82.37%. It ranks 73 out of 159 countries.

General government final consumption expenditure (current US$): The Dominican Republic's general government final consumption expenditure is $9,955,411,484.78, significantly below the average of $93,676,578,238.03. It ranks 70 out of 158 countries.

General government final consumption expenditure (% of GDP): The country's general government final consumption expenditure as a percentage of GDP is 12.63%, below the average of 18.71%. It ranks 120 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): The Dominican Republic's household and NPISHs final consumption expenditure is $54,948,899,202.76, below the average of $290,127,571,157.69. It ranks 61 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): The country's households and NPISHs final consumption expenditure as a percentage of GDP is 69.69%, above the average of 63.68%. It ranks 57 out of 158 countries.

Summary

The Dominican Republic exhibits lower final consumption expenditure figures compared to the global averages across various categories including total, general government, and households/NPISHs as a percentage of GDP and in current US$. While the country ranks moderately among its peers in terms of final consumption expenditure metrics, its rankings are indicative of areas where potential fiscal adjustments or policy actions could be considered to align more closely with global averages, potentially leading to greater economic stability and growth.

Investment

Foreign direct investment, net (BoP, current US$): The Dominican Republic's value of -$2,559,600,000 is below the attribute average of -$1,615,235,980.50. The country is ranked 131 out of 169 countries in this dataset.

Foreign direct investment, net inflows (BoP, current US$): With a value of $2,460,600,000, the Dominican Republic falls below the attribute average of $5,749,271,080.15. It ranks 46 out of 182 countries.

Foreign direct investment, net inflows (% of GDP): The Dominican Republic's value of 3.12% exceeds the attribute average of 2.61%. It ranks 60 out of 178 countries.

Foreign direct investment, net outflows (BoP, current US$): The country's outflow of -$99,000,000 is significantly below the average of $5,707,991,116.07. The Dominican Republic ranks 134 out of 156 countries.

Foreign direct investment, net outflows (% of GDP): The Dominican Republic's outflow as a percentage of GDP is -0.13%, well below the average of 1.00%. It ranks 124 out of 155 countries.

Portfolio Investment, net (BoP, current US$): The country's net portfolio investment of -$5,620,100,000 is considerably lower than the average of $679,559,169.57. It ranks 146 out of 159 countries.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): The Dominican Republic's investment in bonds amounting to $5,407,766,000 is above the average of $4,134,263,915.25. The country ranks 7 out of 59 countries in this regard.

Summary

The Dominican Republic shows a mixed performance in key macroeconomic indicators related to foreign direct investment and portfolio investment. It has below-average values in terms of net foreign direct investment, both inflows and outflows, but surpasses the average in net portfolio investment. These indicators are crucial as they reflect the country's attractiveness to foreign investors, its level of global economic integration, and its ability to mobilize financial resources for development.

Debt

Total debt service (% of GNI) in the Dominican Republic is 8.30%, which is higher than the average of 5.98%. The country ranks 27th out of 120 countries in this attribute.

Public and publicly guaranteed debt service (% of GNI) stands at 5.60% in the Dominican Republic, significantly surpassing the average of 2.84%. The country holds the 12th position out of 120 countries for this indicator.

External debt stocks (% of GNI) for the Dominican Republic are at 54.07%, below the average of 65.42%. The country ranks 59th out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$) for the Dominican Republic is $6,225,291,429.1, lower than the average of $9,811,195,839.23. The country ranks 25th out of 123 countries included in this data.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) is $4,204,345,105.4 in the Dominican Republic, higher than the average of $3,310,612,057.60. The country holds the 22nd position out of 123 countries in this category.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) amount to $29,856,238,518.6 for the Dominican Republic, above the average of $28,695,879,144.98. The country ranks 27th out of 123 countries for this metric.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in the Dominican Republic are $7,543,503,000, significantly below the average of $33,734,699,285.22. The country holds the 41st position out of 91 countries in this data set.

External debt stocks, total (DOD, current US$) amount to $40,559,732,187 in the Dominican Republic. This value is below the average of $73,845,530,111.82. The country ranks 34th out of 123 countries for this particular attribute.

Summary

The Dominican Republic's total debt service, public debt service, and external debt stocks metrics are all within reasonable ranges compared to global averages. However, the country faces challenges, such as a relatively high total debt service compared to its GNI and a lower ranking in external debt stocks. These indicators are crucial as they reflect the country's ability to manage its debt obligations sustainably and efficiently, impacting its creditworthiness, fiscal stability, and overall economic development.

Broad Trade Attributes

Trade (% of GDP): The Dominican Republic's trade value accounts for 44.29% of its GDP, which is below the average of 82.34%. The country is ranked 130 out of 163 countries in this dataset.

Merchandise trade (% of GDP): The Dominican Republic's merchandise trade value is 34.76% of its GDP, below the average of 60.01%. The country is ranked 155 out of 186 countries.

Trade in services (% of GDP): The Dominican Republic's trade in services represents 9.87% of its GDP, lower than the average of 24.63%. The country is ranked 122 out of 171 countries.

External balance on goods and services (current US$): The Dominican Republic has a balance of goods and services amounting to -6072822185.01 USD, below the average of 3405509011.13 USD. The country is ranked 142 out of 163 countries.

External balance on goods and services (% of GDP): The Dominican Republic's balance of goods and services is -7.70% of its GDP, lower than the average of -5.97%. The country is ranked 104 out of 163 countries.

Summary

The Dominican Republic displays a trade value, merchandise trade, and trade in services below the global averages, indicating potential opportunities for growth in these sectors. The country also maintains a negative external balance on goods and services, falling below the average percentage of GDP, highlighting a need for improved trade relations and economic policies to enhance its overall external economic stability.

Net Trade

1. Current account balance (BoP, current US$): The Dominican Republic has a current account balance of -1.3373 billion USD, which is below the average of 1.4439 billion USD. The country ranks 120th out of 170 countries in this attribute data.

2. Current account balance (% of GDP): With a current account balance of -1.6961% of GDP, the Dominican Republic is below the average of -2.3613% of GDP. It ranks 86th out of 170 countries in this aspect.

3. Net trade in goods and services (BoP, current US$): The Dominican Republic's net trade value is -5.4125 billion USD, significantly lower than the average of 2.6047 billion USD. The country holds the 145th position out of 171 countries.

4. Net primary income (BoP, current US$): The Dominican Republic records a net primary income of -3.825 billion USD, much higher than the average of -0.9038 billion USD. It ranks 136th out of 170 countries in this metric.

5. Net secondary income (BoP, current US$): The Dominican Republic's net secondary income is 7.9002 billion USD, a stark difference from the average of -0.2692 billion USD. The country holds the 14th position out of 170 countries.

6. Net trade in goods (BoP, current US$): With a net trade value of -6.8031 billion USD, the Dominican Republic is far from the average of 1.3028 billion USD. It ranks 147th out of 171 countries in this category.

7. Net capital account (BoP, current US$): The Dominican Republic's net capital account stands at 1 million USD, significantly lower than the average of 136.5438 million USD. The country is ranked 120th out of 159 countries.

8. Net financial account (BoP, current US$): With a net financial account value of -2.1968 billion USD, the Dominican Republic falls short of the average of -0.4698 billion USD. It ranks 133rd out of 170 countries in this attribute data.

Summary

The Dominican Republic shows a negative current account balance in both absolute terms and as a percentage of GDP, indicating a deficit in the country's trade and financial transactions with the rest of the world. The net trade in goods and services, net primary income, and net trade in goods all contribute to this imbalance. However, the country's relatively high position in net secondary income may help offset some of these deficits. These indicators are crucial as they highlight the Dominican Republic's economic vulnerabilities, particularly in trade and financial flows, which can impact its currency stability, foreign reserves, and overall economic health.

Broad Export Attributes

1. Exports of goods, services, and primary income (BoP, current US$): The focus country's value of $15,394,000,000 is below the average of $146,238,908,936.30. The country ranks 79th out of 170 countries for this attribute.

2. Exports of goods and services (BoP, current US$): With a value of $14,889,400,000, the focus country also falls below the average of $122,938,540,059.78. It ranks 78th out of 170 countries.

3. Exports of goods and services (current US$): The focus country's value of $14,425,179,542.84 is notably lower than the average of $129,596,864,610.19. It ranks 79th out of 163 countries.

4. Exports of goods and services (% of GDP): The focus country's percentage of 18.30% is below the average of 38.19%. It ranks 126th out of 163 countries for this attribute.

5. Goods exports (BoP, current US$): With a value of $10,301,900,000, the focus country is below the average of $93,310,581,697.39. It ranks 80th out of 171 countries.

6. ICT goods exports (% of total goods exports): The focus country's percentage of 2.37% is lower than the average of 3.81%. It ranks 40th out of 142 countries in this aspect.

Summary

The focus country is performing below average across various key macroeconomic indicators related to exports. It ranks lower than the global average in terms of total exports, goods exports, and ICT goods exports. These indicators are crucial as they reflect the country's competitiveness in international trade and its ability to generate revenue and drive economic growth through exports.

Merchandise Exports

Analysis of Key Economic Attributes for the Dominican Republic:

1. Merchandise exports (current US$): The Dominican Republic's merchandise exports amount to $10,302,000,000, ranking 83rd out of 187 countries. This value is significantly below the average of $89,542,711,229.95.

2. Agricultural raw materials exports (% of merchandise exports): The Dominican Republic's percentage of agricultural raw materials exports is 0.52%, ranking 110th out of 151 countries. This figure is below the average of 2.97%.

3. Food exports (% of merchandise exports): The Dominican Republic's food exports constitute 22.35% of total merchandise exports, ranking 57th out of 152 countries. This value is slightly below the average of 24.06%.

4. Fuel exports (% of merchandise exports): The Dominican Republic's fuel exports represent 0.32% of merchandise exports, placing it at 123rd out of 147 countries. This figure is significantly below the average of 13.70%.

5. Ores and metals exports (% of merchandise exports): The Dominican Republic's ores and metals exports account for 1.53% of merchandise exports, ranking 107th out of 152 countries. This value is below the average of 9.10%.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): The Dominican Republic's residual merchandise exports make up 6.65% of total merchandise exports, placing it at 19th out of 166 countries. This percentage is above the average of 3.20%.

Summary

In analyzing key economic attributes for the Dominican Republic, it is evident that the country has a relatively low volume of merchandise exports compared to the global average. The Dominican Republic shows a particular strength in food exports but lags in the export of fuel and ores/metals. The high proportion of residual merchandise exports suggests potential for diversification and growth in export markets, highlighting the need for strategic trade policies to capitalize on existing strengths and address weaknesses.

Technology Exports

Manufactures exports (% of merchandise exports): The Dominican Republic has a value of 56.88%, which is above the average of 42.62%. This places the Dominican Republic at rank 59 out of 152 countries included in the data.

High-technology exports (current US$): The Dominican Republic has a value of $486,998,934, which is below the average of $16,655,934,078.80. This places the Dominican Republic at rank 62 out of 151 countries included in the data.

High-technology exports (% of manufactured exports): The Dominican Republic has a value of 8.73%, which is below the average of 10.15%. This places the Dominican Republic at rank 60 out of 150 countries included in the data.

Summary

The Dominican Republic has a relatively high proportion of manufactured exports compared to its total merchandise exports, ranking 59th globally. However, its high-technology exports in terms of value are below the average, placing it at rank 62. Additionally, the country's percentage of high-technology exports out of manufactured exports is lower than average, ranking 60th.

These indicators are crucial as they reflect the Dominican Republic's industrial and technological competitiveness on the global stage. A high share of manufactured exports signifies a strong manufacturing sector, while low high-technology exports suggest potential challenges in adapting to technological advancements and innovation, which are vital for sustainable economic growth and development in the long term.

Service Exports

Service exports (BoP, current US$): The Dominican Republic's service exports amount to $4,587,500,000, ranking 71st out of 171 countries. This value is significantly below the average service exports of $28,917,292,503.82.

ICT service exports (BoP, current US$): The country's ICT service exports are $84,600,000, ranking 100th out of 166 countries. The figure is notably lower than the average of $4,578,501,153.77 for ICT service exports.

ICT service exports (% of service exports, BoP): The Dominican Republic's ICT service exports as a percentage of total service exports is 1.84%, ranking 146th out of 166 countries. This percentage is substantially lower than the average of 11.75%.

Communications, computer, etc. (% of service exports, BoP): The country's percentage of service exports attributed to communications, computer, etc., is 31.40%, ranking 117th out of 169 countries. This figure is below the average of 45.85%.

Transport services (% of service exports, BoP): The Dominican Republic's transport services represent 7.44% of its service exports, ranking 132nd out of 169 countries. This percentage is lower than the average of 21.80%.

Travel services (% of service exports, BoP): The country's travel services account for 58.31% of its service exports, ranking 17th out of 167 countries. This is notably higher than the average of 26.40%.

Insurance and financial services (% of service exports, BoP): The Dominican Republic's insurance and financial services represent 2.86% of its service exports, ranking 95th out of 161 countries. This percentage falls below the average of 6.46%.

Summary

The Dominican Republic has a mixed performance in key macroeconomic indicators related to service exports. While the country excels in travel services, ranking 17th globally, it lags behind in ICT service exports and insurance/financial services. This indicates a reliance on traditional sectors like travel, suggesting room for diversification into higher value-added services to enhance economic competitiveness and resilience.

Commercial Service Exports

Commercial service exports in the Dominican Republic amount to $4,271,800,000, ranking 71 out of 171 countries. This value is below the average of $28,508,218,402.80.

Travel services account for 62.62% of the Dominican Republic's commercial service exports, ranking 18 out of 167 countries. This percentage is significantly above the average of 27.89%.

Computer, communications, and other services constitute 26.33% of the Dominican Republic's commercial service exports, placing the country at rank 116 out of 169. This percentage is below the average of 42.44%.

Insurance and financial services make up 3.07% of the Dominican Republic's commercial service exports, ranking 95 out of 161 countries. This proportion is below the average of 6.97%.

Transport services represent 7.99% of the Dominican Republic's commercial service exports, placing the country at rank 132 out of 169. This figure is below the average of 23.37%.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that while the country's commercial service exports amount to $4,271,800,000, which is below the global average, the composition of these exports differs significantly from the average. Travel services make up a substantial portion, indicating a reliance on tourism, while other services like computer and communications lag behind. This breakdown highlights the Dominican Republic's economic dependence on tourism and the need for diversification to achieve a more balanced export portfolio.

Broad Import Attributes

Analysis of key statistics for the Dominican Republic:

Summary

The Dominican Republic exhibits a significant trend of below-average imports of goods and services across various indicators in comparison to a global dataset. This suggests potential challenges in terms of trade balance and economic diversification. The country's rankings reflect a lower level of integration in the global economy, highlighting the importance of developing strategies to enhance trade relationships and boost economic resilience.

Merchandise Imports

The Dominican Republic's merchandise imports amount to $17.1 billion, ranking 77 out of 190 countries. This value is significantly below the attribute average of $89.4 billion, indicating potential room for increased trading activities.

Manufactures imports account for 67.92% of the Dominican Republic's merchandise imports, slightly higher than the average of 66.76%. The country ranks 73 out of 152 nations in this aspect.

Agricultural raw materials imports make up 1.35% of the Dominican Republic's merchandise imports, slightly above the average of 1.27%. The country ranks 56 out of 152 countries.

Food imports constitute 19.32% of the Dominican Republic's merchandise imports, surpassing the average of 15.89%. The country holds the 44th rank out of 152 nations.

Fuel imports represent 13.49% of the Dominican Republic's merchandise imports, higher than the average of 11.38%. The country ranks 51 out of 152 countries.

Ores and metals imports constitute 1.27% of the Dominican Republic's merchandise imports, significantly lower than the average of 2.57%. The country ranks 91 out of 152 nations.

The Dominican Republic's residual merchandise imports stand at 1.52%, below the average of 2.51%. The country ranks 52 out of 180 nations in this aspect.

Summary

The Dominican Republic's merchandise imports are lower than the global average, suggesting opportunities for increased trading activities to boost the economy. While the country's reliance on manufactured imports is slightly higher than average, it excels in food imports but lags in ores and metals imports. Understanding these import dynamics is crucial for policymakers to enhance economic diversification and ensure sustainable trade relationships.

Service Imports

- Service imports (BoP, current US$): The Dominican Republic's value for service imports is $3,196,900,000, which is significantly below the average of $27,615,356,170.47. This places the Dominican Republic at rank 82 out of 171 countries in the dataset.

- Communications, computer, etc. (% of service imports, BoP): The Dominican Republic's percentage of 31.63% for this attribute is lower than the average of 44.40%. The country is ranked 124th out of 169 countries in the dataset.

- Transport services (% of service imports, BoP): The Dominican Republic exceeds the average with a value of 44.05% compared to 32.90%. This places the country at rank 38 out of 169 countries.

- Travel services (% of service imports, BoP): With a value of 6.59%, the Dominican Republic falls below the average of 14.14% for this attribute. The country is ranked 126th out of 169 countries.

- Insurance and financial services (% of service imports, BoP): The Dominican Republic's percentage of 17.72% is notably higher than the average of 8.53%. This places the country at a strong rank of 15 out of 169 countries.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals strengths and weaknesses in its service imports composition. While the country excels in insurance and financial services importation, ranking 15th globally, it struggles in travel services, ranking 126th. Understanding these nuances is crucial for policymakers and investors to identify areas for improvement and capitalization, ultimately enhancing the country's economic competitiveness and efficiency in the global market.

Commercial Service Imports

1. Commercial service imports (current US$): The Dominican Republic's value for this attribute is $3,057,600,000. This is below the average of $27,102,746,128.60, ranking the Dominican Republic 84th out of 171 countries in the dataset.

2. Computer, communications and other services (% of commercial service imports): The Dominican Republic's percentage for this attribute is 28.52%. This is below the average of 41.71%, placing the country in the 118th position out of 169 countries.

3. Insurance and financial services (% of commercial service imports): The Dominican Republic's percentage for this attribute is 18.53%, which is above the average of 8.85%. The country ranks 15th out of 169 countries.

4. Transport services (% of commercial service imports): The Dominican Republic's percentage for this attribute is 46.06%. This is above the average of 34.71%, positioning the country in the 40th rank out of 169 countries.

5. Travel services (% of commercial service imports): The Dominican Republic's percentage for this attribute is 6.89%. This is below the average of 14.73%, ranking the country in the 126th position out of 169 countries.

Summary

The Dominican Republic has below-average values in commercial service imports, computer and communications services, and travel services, while it exceeds the average in insurance and financial services as well as transport services. These statistics indicate a potential imbalance in the country's trade composition, with a heavier reliance on certain service sectors over others. Such insights are crucial for policymakers and stakeholders to understand the country's economic strengths and vulnerabilities in the global market, allowing them to make informed decisions on trade policies, investments, and economic diversification strategies.

Infrastructure

Analysis of key transportation statistics in the Dominican Republic:

1. Air transport, registered carrier departures worldwide: The Dominican Republic's value of 2497.4 is significantly below the average of 134365.60. It ranks 120th out of 149 countries in this dataset.

2. Air transport, passengers carried: With 31391 passengers carried, the Dominican Republic is well below the average of 11848242.70. It ranks 135th out of 149 countries in this dataset.

3. Container port traffic (TEU: 20 foot equivalent units): The Dominican Republic's container port traffic of 1781902 TEU is below the average of 6907110.27. It ranks 45th out of 110 countries in this dataset.

Summary

The Dominican Republic lags behind global averages in key transportation statistics such as air transport departures, passengers carried, and container port traffic. These lower rankings suggest a potential need for infrastructure investment and improvements in the country's transportation sector to enhance connectivity, trade, and economic growth.

Information Technology Infrastructure

- Secure Internet servers: The Dominican Republic has 1375 secure internet servers, which is significantly below the attribute average of 458,294. The country ranks 108 out of 193 countries in this regard. - Secure Internet servers (per 1 million people): With 125.004 secure internet servers per 1 million people, the Dominican Republic falls well below the attribute average of 14,067. The country is ranked 130 out of 193 countries in this category. - Individuals using the Internet (% of population): The Dominican Republic has 82.20% of its population using the internet, which is above the attribute average of 64.77%. This places the country at the 57th rank out of 180 countries. - Fixed broadband subscriptions: The Dominican Republic has 1,031,858 fixed broadband subscriptions, which is below the attribute average of 6,591,956. The country ranks 70 out of 185 countries based on this metric. - Mobile cellular subscriptions: With 8,989,587 mobile cellular subscriptions, the Dominican Republic is below the attribute average of 42,526,464. The country ranks 91 out of 193 countries in terms of mobile cellular subscriptions.

Summary

The Dominican Republic lags behind global averages in key internet and communication metrics such as secure internet servers, internet usage, and broadband subscriptions. This could hinder the country's ability to fully participate in the digital economy and may impact its competitiveness on a global scale. Addressing these deficits in infrastructure and connectivity is crucial for the country's economic development and growth in the digital age.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption), the Dominican Republic's value of 16.69% is below the average of 32.18%. The country ranks 118th out of 191 countries in this aspect.

As for CO2 emissions (kt), the Dominican Republic's emissions of 22,881.3 kt are below the average of 171,895.94 kt. The country holds the 76th rank out of 188 countries in CO2 emissions.

Summary

The Dominican Republic has a lower renewable energy consumption percentage and CO2 emissions compared to global averages. Its ranking in both indicators reflects a relatively moderate performance internationally. These findings are crucial as they highlight areas where the country can potentially improve its energy sustainability and environmental impact, aligning with global efforts towards renewable energy adoption and carbon emission reduction.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): The Dominican Republic's value of 3.12% is above the average of 2.45%. With a rank of 27 out of 87 countries, the country is performing relatively well in this aspect.

2. Net incurrence of liabilities, total (% of GDP): The Dominican Republic's value of 11.12% exceeds the average of 7.43%. Ranked 20 out of 92 countries, the country seems to be taking on more liabilities compared to its peers.

3. Total reserves (% of total external debt): The Dominican Republic's value of 26.74% is below the average of 66.13%. With a rank of 63 out of 102 countries, the country may need to focus on increasing its reserves compared to its external debt.

4. Reserves and related items (BoP, current US$): The Dominican Republic's value is $1,291,449,009.23, lower than the average of $1,924,407,186.58. Ranked 38 out of 171 countries, the country might need to bolster its reserves in current US dollars.

5. Total reserves minus gold (current US$): The Dominican Republic's value is $10,810,213,184.43, significantly below the average of $74,221,588,171.61. With a rank of 66 out of 161 countries, the country may have relatively low reserves when excluding gold.

6. Total reserves (includes gold, current US$): The Dominican Republic's total reserves of $10,844,812,012.50 are notably lower than the average of $85,708,019,773.47. Ranked 69 out of 161 countries, the country might want to consider increasing its total reserves, including gold.

7. Total reserves in months of imports: The Dominican Republic's reserves cover approximately 5.28 months of imports, which is lower than the average of 7.10 months. With a rank of 84 out of 151 countries, the country may need to ensure it has an adequate reserve buffer to cover imports.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that the country performs well in terms of net acquisition of financial assets compared to its peers, but it is taking on more liabilities than the average. The country has relatively low reserves compared to its external debt, indicating a potential need to increase reserves to bolster its financial stability. Ensuring an adequate reserve buffer is crucial for the country to cover imports and maintain economic stability amidst any external shocks or uncertainties.

Government Revenue

1. Revenue, excluding grants (% of GDP): The Dominican Republic's value of 14.66% is below the average of 27.02%. It ranks 102 out of 122 countries in the dataset.

2. Grants and other revenue (% of revenue): The Dominican Republic's value of 16.69% is below the average of 23.54%. It ranks 59 out of 108 countries in the dataset.

3. Social contributions (% of revenue): The Dominican Republic's value of 0.74% is significantly below the average of 22.29%. It ranks 77 out of 81 countries in the dataset.

4. Taxes on goods and services (% of revenue): The Dominican Republic's value of 48.48% is above the average of 31.82%. It ranks 8 out of 122 countries in the dataset.

5. Taxes on international trade (% of revenue): The Dominican Republic's value of 4.88% is below the average of 6.24%. It ranks 42 out of 101 countries in the dataset.

6. Other taxes (% of revenue): The Dominican Republic's value of 1.24% is below the average of 2.12%. It ranks 52 out of 106 countries in the dataset.

7. Taxes on income, profits and capital gains (% of revenue): The Dominican Republic's value of 27.97% is above the average of 24.66%. It ranks 45 out of 119 countries in the dataset.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that the country has a relatively low revenue, excluding grants, and social contributions compared to the average, indicating potential challenges in generating internal resources. However, the Dominican Republic performs well in terms of taxes on goods and services and taxes on income, profits, and capital gains, surpassing the average rankings. These findings are essential as they highlight the country's heavy reliance on taxes for revenue generation, which could impact its fiscal sustainability and economic development.

Taxes

1. Tax revenue (% of GDP): The Dominican Republic's tax revenue accounts for 12.39% of its GDP, which is below the average of 16.72%. The country is ranked 90th out of 123 countries in this attribute data.

2. Customs and other import duties (% of tax revenue): The Dominican Republic's reliance on customs and other import duties is 5.37%, lower than the average of 9.01%. The country holds the 50th rank out of 99 countries in this category.

3. Taxes on income, profits and capital gains (% of total taxes): In the Dominican Republic, taxes on income, profits, and capital gains constitute 33.87% of total taxes, which is lower than the average of 38.40%. The country is placed 74th out of 120 countries based on this metric.

4. Tariff rate, applied, weighted mean, all products (%): The Dominican Republic's applied tariff rate of 3.9% is below the average rate of 5.21%. The country ranks 75th out of 153 nations in this aspect.

Summary

The Dominican Republic has relatively low tax revenue as a percentage of its GDP and relies less on customs and import duties compared to the global average. The country also has a lower proportion of taxes on income, profits, and capital gains within its total tax revenue. Its applied tariff rate is below the global average as well. These indicators are crucial as they reveal the Dominican Republic's taxation policies, trade dynamics, and economic openness compared to other nations, influencing its fiscal health and trade competitiveness.

Government Expenses

Expense (% of GDP): The Dominican Republic's expense as a percentage of GDP is 21.40%, which is below the average of 31.69%. This places the Dominican Republic at rank 92 out of 123 countries in the dataset.

Compensation of employees (% of expense): In the Dominican Republic, 32.52% of expenses go towards compensating employees, which is higher than the average of 24.70%. This puts the country at rank 36 out of 123 countries.

Goods and services expense (% of expense): The Dominican Republic allocates 15.60% of its expenses to goods and services, slightly above the average of 14.77%. The country is ranked 47 out of 122 in this aspect.

Interest payments (% of expense): 15.15% of the Dominican Republic's expenses go towards interest payments, significantly higher than the average of 6.85%. This places the country at an impressive rank of 10 out of 121 countries.

Other expense (% of expense): The Dominican Republic spends 9.50% of its expenses on other costs, which is slightly higher than the average of 8.29%. The country is ranked 34 out of 120 in this category.

Subsidies and other transfers (% of expense): The Dominican Republic's allocation towards subsidies and transfers is 27.24%, below the average of 43.29%. This places the country at rank 93 out of 121 countries included in the dataset.

Summary

The analysis of key macroeconomic indicators for the Dominican Republic reveals that the country generally maintains a prudent fiscal approach. With below-average expenses as a percentage of GDP, higher compensation for employees, and increased allocations towards interest payments, the Dominican Republic demonstrates a balance between spending priorities and financial stability. These indicators are crucial for assessing the government's financial management, resource allocation efficiency, and overall economic health.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Net secondary income (BoP, current US$) 14/170
Insurance and financial services (% of service imports, BoP) 15/169
Insurance and financial services (% of commercial service imports) 15/169
Taxes on goods and services (% of revenue) 8/122
Interest payments (% of expense) 10/121

Ranks in Bottom Decile For:

Attribute Rank/Total
Industrial design applications, resident, by count 109/113
Portfolio Investment, net (BoP, current US$) 146/159
Air transport, passengers carried 135/149
Social contributions (% of revenue) 77/81