HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Dominican Republic
flag — Dominican Republic
Nation by Nation

Dominican Republic

Economy

$124.3 billion
GDP
World Bank · 2024
$10,876
GDP / Capita
World Bank · 2024
+5.0%
GDP Growth
World Bank · 2024
5.3%
Unemployment
World Bank · 2024

The Dominican Republic has one of the largest and fastest-growing economies in the Caribbean and Central America, a diversified, upper-middle-income economy led by tourism, manufacturing, and remittances.

It has grown robustly for years, drawing millions of tourists to its beaches and hosting export-manufacturing free zones, though inequality and the situation on the border with troubled Haiti pose challenges.

Key Sectors

Key sectors include tourism (the Caribbean's most visited destination), free-zone manufacturing (medical devices and textiles), mining (gold and nickel), agriculture, and remittances.

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