Deposit interest rate (%) in Dominican Republic
Dominican Republic: Deposit interest rate (%) was 9.8% in 2024. ▼ Falling
Deposit interest rate in Dominican Republic, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Dominican Republic is 9.8%, measured in 2024.
The figure is up 6.6% on the previous year and up 52.7% over ten years.
Over the whole period, deposit interest rate in Dominican Republic peaked at 21.1% in 2004 and was at its lowest, 2.5%, in 2021.
Dominican Republic ranks 19th of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Deposit interest rate (%) in Dominican Republic, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 20.0% | — |
| 1992 | 16.7% | -16.6% |
| 1993 | 14.0% | -15.9% |
| 1994 | 13.7% | -2.4% |
| 1995 | 14.9% | +9.1% |
| 1996 | 13.9% | -6.9% |
| 1997 | 13.4% | -3.7% |
| 1998 | 17.6% | +31.7% |
| 1999 | 16.1% | -8.9% |
| 2000 | 17.7% | +9.9% |
| 2001 | 15.6% | -11.6% |
| 2002 | 16.5% | +6.0% |
| 2003 | 20.5% | +23.9% |
| 2004 | 21.1% | +3.0% |
| 2005 | 13.8% | -34.5% |
| 2006 | 9.8% | -29.1% |
| 2007 | 6.9% | -29.2% |
| 2008 | 10.1% | +45.6% |
| 2009 | 7.6% | -24.4% |
| 2010 | 4.8% | -36.8% |
| 2011 | 7.6% | +56.7% |
| 2012 | 7.1% | -6.7% |
| 2013 | 5.6% | -20.8% |
| 2014 | 6.4% | +14.6% |
| 2015 | 6.4% | +0.5% |
| 2016 | 6.7% | +4.1% |
| 2017 | 6.0% | -10.3% |
| 2018 | 6.0% | +0.1% |
| 2019 | 6.1% | +1.9% |
| 2020 | 4.6% | -24.1% |
| 2021 | 2.5% | -46.5% |
| 2022 | 6.7% | +171.2% |
| 2023 | 9.2% | +35.9% |
| 2024 | 9.8% | +6.6% |
Dominican Republic compared with similar countries
- Dominican Republic's 9.8% is above the median for upper middle income countries, which is 4.1%, 2.4× the median. (53 countries reporting)
- Dominican Republic's 9.8% is above the median for Latin America & Caribbean, which is 3.4%, 2.8× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) in Dominican Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +171.2% | 2.5% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.6% | 13.4% | 20.0% | 9 |
| 2000s | 14.0% | 6.9% | 21.1% | 10 |
| 2010s | 6.3% | 4.8% | 7.6% | 10 |
| 2020s | 6.6% | 2.5% | 9.8% | 5 |
Countries ranked near Dominican Republic
More financial sector data for Dominican Republic
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.61 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Dominican Republic?
- Deposit interest rate in Dominican Republic was 9.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Dominican Republic?
- The highest recorded value was 21.1% in 2004.
- What is the lowest deposit interest rate recorded in Dominican Republic?
- The lowest recorded value was 2.5% in 2021.
- How does Dominican Republic rank for deposit interest rate?
- Dominican Republic ranks 19th out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Dominican Republic?
- Over the last ten years it is up 52.7%. The long-run trend across the full record is falling.
- Where does this Dominican Republic data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.