Goods and services expense in Dominican Republic
Dominican Republic: Goods and services expense was 260.06 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Dominican Republic, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Dominican Republic recorded 260.06 billion current LCU for goods and services expense in 2024. That is the highest value across all 53 years on record.
That represents a change of up 12.8% on the previous year and up 232.8% over ten years.
Over the whole period, goods and services expense in Dominican Republic peaked at 260.06 billion current LCU in 2024 and was at its lowest, 34.00 million current LCU, in 1972.
That places Dominican Republic 46th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 64.49 million current LCU | 34.00 million current LCU | 101.30 million current LCU | 8 |
| 1980s | 287.28 million current LCU | 116.40 million current LCU | 620.30 million current LCU | 10 |
| 1990s | 2.74 billion current LCU | 736.20 million current LCU | 5.40 billion current LCU | 10 |
| 2000s | 22.75 billion current LCU | 6.06 billion current LCU | 45.20 billion current LCU | 10 |
| 2010s | 86.56 billion current LCU | 52.85 billion current LCU | 135.28 billion current LCU | 10 |
| 2020s | 200.56 billion current LCU | 149.43 billion current LCU | 260.06 billion current LCU | 5 |
Countries ranked near Dominican Republic
- 43 Iceland 300.99 billion current LCU compare
- 44 Sri Lanka 299.70 billion current LCU compare
- 45 Afghanistan 276.17 billion current LCU compare
- 47 Equatorial Guinea 239.40 billion current LCU compare
- 48 Gabon 232.20 billion current LCU compare
- 49 South Africa 205.65 billion current LCU compare
More public sector data for Dominican Republic
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.7% (2024)
- Taxes on income, profits and capital gains 29.3% (2024)
- Taxes on goods and services 47.9% (2024)
- Net investment in nonfinancial assets 2.0% (2024)
- Net lending (+) / net borrowing (-) -2.9% (2024)
- Interest payments 19.3% (2024)
- Grants and other revenue 11.9% (2024)
- Interest payments 17.5% (2023)
- Other taxes 1.3% (2024)
Frequently asked questions
- What is goods and services expense in Dominican Republic?
- Goods and services expense in Dominican Republic was 260.06 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Dominican Republic?
- The highest recorded value was 260.06 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Dominican Republic?
- The lowest recorded value was 34.00 million current LCU in 1972.
- How does Dominican Republic rank for goods and services expense?
- Dominican Republic ranks 46th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Dominican Republic?
- Over the last ten years it is up 232.8%. The long-run trend across the full record is volatile.
- Where does this Dominican Republic data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.