Remittance inflows to GDP in Dominican Republic
Dominican Republic: Remittance inflows to GDP was 10.6% in 2020. ◆ Volatile
Remittance inflows to GDP in Dominican Republic, 1970–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Dominican Republic stood at 10.6%.
Compared with earlier readings it is up 26.7% on the previous year and up 46.4% over ten years.
Over the whole period, remittance inflows to gdp in Dominican Republic peaked at 11.2% in 2004 and was at its lowest, 0.8%, in 1975.
Dominican Republic ranks 32nd of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Dominican Republic, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 1.7% | — |
| 1971 | 0.9% | -48.5% |
| 1972 | 1.2% | +38.8% |
| 1973 | 1.0% | -15.2% |
| 1974 | 0.9% | -10.5% |
| 1975 | 0.8% | -15.1% |
| 1976 | 2.8% | +264.3% |
| 1977 | 2.7% | -4.9% |
| 1978 | 2.8% | +3.2% |
| 1979 | 2.9% | +5.5% |
| 1980 | 2.7% | -7.7% |
| 1981 | 2.4% | -10.7% |
| 1982 | 2.3% | -5.0% |
| 1983 | 2.1% | -8.0% |
| 1984 | 1.8% | -16.4% |
| 1985 | 4.8% | +171.3% |
| 1986 | 3.7% | -23.3% |
| 1987 | 4.7% | +27.3% |
| 1988 | 5.4% | +14.7% |
| 1989 | 4.5% | -16.4% |
| 1990 | 4.5% | -1.0% |
| 1991 | 3.4% | -24.6% |
| 1992 | 3.0% | -11.0% |
| 1993 | 5.8% | +94.1% |
| 1994 | 5.4% | -6.0% |
| 1995 | 5.0% | -7.4% |
| 1996 | 5.3% | +4.6% |
| 1997 | 5.7% | +8.1% |
| 1998 | 6.5% | +13.7% |
| 1999 | 7.4% | +13.6% |
| 2000 | 7.6% | +2.7% |
| 2001 | 7.7% | +2.3% |
| 2002 | 8.1% | +4.5% |
| 2003 | 10.9% | +34.4% |
| 2004 | 11.2% | +3.1% |
| 2005 | 7.6% | -32.2% |
| 2006 | 8.1% | +6.1% |
| 2007 | 7.7% | -4.2% |
| 2008 | 7.5% | -3.0% |
| 2009 | 7.1% | -5.6% |
| 2010 | 7.2% | +2.0% |
| 2011 | 7.3% | +1.3% |
| 2012 | 7.0% | -3.9% |
| 2013 | 7.2% | +1.9% |
| 2014 | 7.2% | +0.1% |
| 2015 | 7.3% | +2.0% |
| 2016 | 7.3% | -0.3% |
| 2017 | 7.7% | +6.1% |
| 2018 | 8.0% | +3.2% |
| 2019 | 8.3% | +4.7% |
| 2020 | 10.6% | +26.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | 0.8% | 2.9% | 10 |
| 1980s | 3.4% | 1.8% | 5.4% | 10 |
| 1990s | 5.2% | 3.0% | 7.4% | 10 |
| 2000s | 8.3% | 7.1% | 11.2% | 10 |
| 2010s | 7.4% | 7.0% | 8.3% | 10 |
| 2020s | 10.6% | 10.6% | 10.6% | 1 |
Countries ranked near Dominican Republic
More financial sector data for Dominican Republic
- Total reserves in months of imports, annual growth rate 8.11 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.37 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0835 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 923.54 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 4.28 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 931.67 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 4.47 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 936.73 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Dominican Republic?
- Remittance inflows to gdp in Dominican Republic was 10.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Dominican Republic?
- The highest recorded value was 11.2% in 2004.
- What is the lowest remittance inflows to gdp recorded in Dominican Republic?
- The lowest recorded value was 0.8% in 1975.
- How does Dominican Republic rank for remittance inflows to gdp?
- Dominican Republic ranks 32nd out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Dominican Republic?
- Over the last ten years it is up 46.4%. The long-run trend across the full record is volatile.
- Where does this Dominican Republic data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.