Official data ·
Dominican economy grew 50.76 % between 2015 and 2025, the most among 11 Latin American and Caribbean countries
Using World Bank annual growth rates, the Dominican Republic's real GDP was 50.76 % larger in 2025 than in 2015, the biggest increase among the 11 Latin American and Caribbean countries in the series; the regional average grew 13.64 %. In 2025 the Dominican economy grew 2.12 %, below the regional average of 2.32 %. These are Economía con Datos calculations with World Bank data.
Every Saturday at Economía con Datos we compare the Dominican Republic with other countries in the region, using the same source for all of them. According to World Bank data on real GDP growth, the Dominican economy was 50.76 % larger in 2025 than in 2015, measured at constant prices. That is the largest increase among the 11 countries in the series. The cumulative figure is an Economía con Datos calculation that chains the ten annual rates for 2016-2025 published by the World Bank.
The 11 countries, 2015 to 2025
After the Dominican Republic (50.76 %) come Panama (44.68 %), Costa Rica (43.05 %), Guatemala (40.88 %) and Honduras (37.87 %), followed by El Salvador (28.59 %), Colombia (26.98 %), Chile (22.09 %), Jamaica (15.77 %) and Mexico (11.54 %). Haiti's economy was 10.94 % smaller in 2025 than in 2015. The World Bank's Latin America and Caribbean average grew 13.64 %. As an annual average, that is 4.19 % a year for the Dominican Republic and 1.29 % for the region. Dominican GDP fell 7.93 % in 2020 and rose 14.01 % in 2021.
2025 and income per person
In 2025 the Dominican economy grew 2.12 %, below the regional average of 2.32 %; Costa Rica (4.56 %), Panama (4.35 %), Guatemala (4.28 %), El Salvador (3.91 %), Honduras (3.75 %), Colombia (2.64 %) and Chile (2.46 %) grew faster. GDP per person at purchasing power parity (constant 2021 international dollars) rose from US$17,973 in 2015 to US$24,543 in 2025, up 36.56 %. It has been above the regional average since 2016 (US$20,287 in 2025), ranking fourth of 11 behind Panama (US$37,516), Chile (US$30,863) and Costa Rica (US$28,443). The World Bank notes its figures may differ from official national data.
Source: Banco Mundial, Indicadores del Desarrollo Mundial (document in Spanish).
This is an English summary by Economía con Datos. Read the full article in Spanish.
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