Social contributions in Dominican Republic
Dominican Republic: Social contributions was 52.80 billion current LCU in 2024. ◆ Volatile
Social contributions 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 52.80 billion current LCU for social contributions in 2024. That is the highest value across all 53 years on record.
That represents a change of up 26.1% on the previous year and up 509.6% over ten years.
Over the whole period, social contributions in Dominican Republic peaked at 52.80 billion current LCU in 2024 and was at its lowest, 13.70 million current LCU, in 1972.
Dominican Republic ranks 50th of 112 countries on this measure, 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 | 20.30 million current LCU | 13.70 million current LCU | 29.70 million current LCU | 8 |
| 1980s | 89.04 million current LCU | 35.90 million current LCU | 247.30 million current LCU | 10 |
| 1990s | 1.19 billion current LCU | 378.80 million current LCU | 2.15 billion current LCU | 10 |
| 2000s | 2.97 billion current LCU | 869.44 million current LCU | 6.40 billion current LCU | 10 |
| 2010s | 12.17 billion current LCU | 5.36 billion current LCU | 27.34 billion current LCU | 10 |
| 2020s | 36.55 billion current LCU | 25.11 billion current LCU | 52.80 billion current LCU | 5 |
Countries ranked near Dominican Republic
- 47 Kyrgyzstan 73.78 billion current LCU compare
- 48 Cameroon 55.36 billion current LCU compare
- 49 Switzerland 55.27 billion current LCU compare
- 51 South Africa 38.77 billion current LCU compare
- 52 Sri Lanka 36.26 billion current LCU compare
- 53 Portugal 35.12 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 social contributions in Dominican Republic?
- Social contributions in Dominican Republic was 52.80 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Dominican Republic?
- The highest recorded value was 52.80 billion current LCU in 2024.
- What is the lowest social contributions recorded in Dominican Republic?
- The lowest recorded value was 13.70 million current LCU in 1972.
- How does Dominican Republic rank for social contributions?
- Dominican Republic ranks 50th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Dominican Republic?
- Over the last ten years it is up 509.6%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.