Dominican Republic recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2020. source: Consejo Monetario Centroamericanono

Current Account to GDP in Dominican Republic averaged -2.64 percent from 1993 until 2020, reaching an all time high of 5 percent in 2003 and a record low of -9.40 percent in 2008. This page provides - Dominican Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Dominican Republic is expected to reach -2.20 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Dominican Republic Current Account to GDP is projected to trend around -2.30 percent in 2022 and -2.60 percent in 2023, according to our econometric models.

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Dominican Republic Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.30 5.00 -9.40 1993 - 2020 percent of GDP Yearly

Dominican Republic Trade Last Previous Highest Lowest Unit
Balance of Trade -759.80 -682.20 122.10 -1007.10 USD Million [+]
Current Account -682.50 -682.60 587.00 -1561.10 USD Million [+]
Current Account to GDP -2.00 -1.30 5.00 -9.40 percent of GDP [+]
Imports 1909.70 1646.20 1926.90 324.80 USD Million [+]
Exports 1149.90 964.00 1149.90 282.80 USD Million [+]
Remittances 869.82 933.75 1088.90 78.50 USD Million [+]
Gold Reserves 0.57 0.57 0.57 0.56 Tonnes [+]
Terrorism Index 0.00 0.18 2.58 0.00 [+]
Tourist Arrivals 462536.00 390948.00 672969.00 217.00 [+]
Foreign Direct Investment 718.40 752.90 1658.80 123.50 USD Million [+]
External Debt 33433.20 33446.30 33484.60 11056.90 USD Million [+]
Capital Flows -2971.50 -653.30 3231.20 -4260.00 USD Million [+]


Dominican Republic Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.