Dominican Republic: Trade (% of GDP)
In , Dominican Republic's Trade (% of GDP) was 51.78.
That's up 3.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Dominican Republic ranks #118 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #16 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 63.77
- Trough
- 44.73
- 1-year change
- +3.9%
- 5-year change
- +1.7%
- +0.3% / yr
- 10-year change
- -7.0%
- -0.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 51.7835 | |
| 49.8436 | |
| 54.3782 | |
| 51.9500 | |
| 44.7332 | |
| 50.9130 | |
| 52.3352 | |
| 50.7595 | |
| 51.7307 | |
| 52.3471 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Dominican Republic's Trade (% of GDP) in 2024?
- In 2024, Dominican Republic's Trade (% of GDP) was 51.78, according to World Bank Open Data.
- Is Dominican Republic's Trade (% of GDP) rising or falling?
- Dominican Republic's Trade (% of GDP) rose 3.9% from 2023 to 2024.
- How does Dominican Republic rank globally on Trade (% of GDP)?
- In 2024, Dominican Republic ranked #118 out of 160 countries reporting Trade (% of GDP).
- How does Dominican Republic's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Dominican Republic is below the world average. Within Latin America & Caribbean, it ranks #16 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.