Total debt service in Dominican Republic
Dominican Republic: Total debt service was 22.0% in 2024. ▼ Falling
Total debt service in Dominican Republic, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, total debt service in Dominican Republic stood at 22.0%.
That represents a change of up 16.4% on the previous year and up 19.6% over ten years.
Over the whole period, total debt service in Dominican Republic peaked at 40.4% in 2020 and was at its lowest, 6.8%, in 1993.
Dominican Republic ranks 29th of 120 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Total debt service in Dominican Republic, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1970 | 17.9% | — |
| 1971 | 17.8% | -0.9% |
| 1972 | 14.1% | -20.7% |
| 1973 | 16.0% | +13.5% |
| 1974 | 9.7% | -39.1% |
| 1975 | 11.1% | +13.7% |
| 1976 | 13.2% | +19.2% |
| 1977 | 15.4% | +16.6% |
| 1978 | 20.2% | +31.4% |
| 1979 | 28.0% | +38.7% |
| 1980 | 29.2% | +4.2% |
| 1981 | 26.3% | -10.0% |
| 1982 | 35.0% | +32.9% |
| 1983 | 30.3% | -13.5% |
| 1984 | 19.7% | -34.9% |
| 1985 | 23.0% | +16.7% |
| 1986 | 26.6% | +15.8% |
| 1987 | 19.9% | -25.4% |
| 1988 | 18.1% | -9.0% |
| 1989 | 15.9% | -12.0% |
| 1990 | 12.5% | -21.7% |
| 1991 | 14.0% | +12.8% |
| 1992 | 18.0% | +28.4% |
| 1993 | 6.8% | -62.1% |
| 1994 | 9.6% | +40.0% |
| 1995 | 10.8% | +12.9% |
| 1996 | 10.9% | +0.9% |
| 1997 | 9.7% | -11.2% |
| 1998 | 7.7% | -20.1% |
| 1999 | 7.2% | -6.8% |
| 2000 | 8.5% | +18.4% |
| 2001 | 10.8% | +26.6% |
| 2002 | 11.4% | +6.0% |
| 2003 | 13.2% | +15.5% |
| 2004 | 11.0% | -17.0% |
| 2005 | 9.1% | -16.7% |
| 2006 | 15.2% | +66.1% |
| 2007 | 15.1% | -0.3% |
| 2008 | 15.1% | -0.4% |
| 2009 | 16.7% | +10.5% |
| 2010 | 11.2% | -33.0% |
| 2011 | 10.8% | -3.6% |
| 2012 | 16.5% | +53.1% |
| 2013 | 17.3% | +5.2% |
| 2014 | 18.4% | +6.3% |
| 2015 | 29.9% | +62.1% |
| 2016 | 18.6% | -37.7% |
| 2017 | 15.6% | -16.2% |
| 2018 | 14.3% | -8.5% |
| 2019 | 17.4% | +22.1% |
| 2020 | 40.4% | +132.1% |
| 2021 | 16.7% | -58.6% |
| 2022 | 14.2% | -15.2% |
| 2023 | 18.9% | +33.4% |
| 2024 | 22.0% | +16.4% |
Dominican Republic compared with similar countries
- Dominican Republic's 22.0% is above the median for upper middle income countries, which is 14.4%, 1.5× the median. (51 countries reporting)
- Dominican Republic's 22.0% is above the median for Latin America & Caribbean, which is 19.8%, 1.1× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.3% | 9.7% | 28.0% | 10 |
| 1980s | 24.4% | 15.9% | 35.0% | 10 |
| 1990s | 10.7% | 6.8% | 18.0% | 10 |
| 2000s | 12.6% | 8.5% | 16.7% | 10 |
| 2010s | 17.0% | 10.8% | 29.9% | 10 |
| 2020s | 22.5% | 14.2% | 40.4% | 5 |
Countries ranked near Dominican Republic
More economy & growth data for Dominican Republic
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.27 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.04 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -114.00 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -9.9 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.92 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0386 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 426.96 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.71 % change on previous year (2025)
Frequently asked questions
- What is total debt service in Dominican Republic?
- Total debt service in Dominican Republic was 22.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Dominican Republic?
- The highest recorded value was 40.4% in 2020.
- What is the lowest total debt service recorded in Dominican Republic?
- The lowest recorded value was 6.8% in 1993.
- How does Dominican Republic rank for total debt service?
- Dominican Republic ranks 29th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Dominican Republic?
- Over the last ten years it is up 19.6%. The long-run trend across the full record is falling.
- Where does this Dominican Republic data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.