Services balance (credit less debit), Net (credits less debits) (US) in Dominican Republic
Dominican Republic: Services balance (credit less debit), Net (credits less debits) (US) was 8.35 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Dominican Republic, 2005–2024
Source: International Monetary Fund.
Analysis
Dominican Republic recorded 8.35 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
That represents a change of up 16.0% on the previous year and up 104.6% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Dominican Republic peaked at 8.35 billion in 2024 and was at its lowest, 1.39 billion, in 2020.
Dominican Republic ranks 26th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Dominican Republic, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 4.70 billion | — |
| 2006 | 5.05 billion | +7.3% |
| 2007 | 5.08 billion | +0.6% |
| 2008 | 4.89 billion | -3.8% |
| 2009 | 4.44 billion | -9.2% |
| 2010 | 2.87 billion | -35.4% |
| 2011 | 2.92 billion | +2.0% |
| 2012 | 3.20 billion | +9.5% |
| 2013 | 3.63 billion | +13.5% |
| 2014 | 4.08 billion | +12.4% |
| 2015 | 4.37 billion | +7.0% |
| 2016 | 4.94 billion | +13.1% |
| 2017 | 5.55 billion | +12.4% |
| 2018 | 5.50 billion | -1.0% |
| 2019 | 5.06 billion | -8.0% |
| 2020 | 1.39 billion | -72.5% |
| 2021 | 3.71 billion | +166.5% |
| 2022 | 5.49 billion | +48.2% |
| 2023 | 7.20 billion | +31.1% |
| 2024 | 8.35 billion | +16.0% |
Dominican Republic compared with similar countries
- Dominican Republic's 8.35 billion is above the median for upper middle income countries, which is 5.85 million, 1427.0× the median. (54 countries reporting)
- Dominican Republic's 8.35 billion is above the median for Latin America & Caribbean, which is 169.67 million, 49.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2021 | +166.5% | 1.39 billion | 3.71 billion |
| 2020 | -72.5% | 5.06 billion | 1.39 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.83 billion | 4.44 billion | 5.08 billion | 5 |
| 2010s | 4.21 billion | 2.87 billion | 5.55 billion | 10 |
| 2020s | 5.23 billion | 1.39 billion | 8.35 billion | 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 services balance (credit less debit), net (credits less debits) in Dominican Republic?
- Services balance (credit less debit), net (credits less debits) in Dominican Republic was 8.35 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Dominican Republic?
- The highest recorded value was 8.35 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Dominican Republic?
- The lowest recorded value was 1.39 billion in 2020.
- How does Dominican Republic rank for services balance (credit less debit), net (credits less debits)?
- Dominican Republic ranks 26th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Dominican Republic?
- Over the last ten years it is up 104.6%. The long-run trend across the full record is rising.
- Where does this Dominican Republic data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.