Subsidies and other transfers in Dominican Republic
Dominican Republic: Subsidies and other transfers was 20.9% in 2023. ▼ Falling
Subsidies and other transfers in Dominican Republic, 1993–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Dominican Republic is 20.9%, measured in 2023.
Compared with earlier readings it is down 10.9% on the previous year and down 21.2% over ten years.
Over the whole period, subsidies and other transfers in Dominican Republic peaked at 38.9% in 2008 and was at its lowest, 12.6%, in 1994.
Dominican Republic ranks 123rd of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Subsidies and other transfers in Dominican Republic, year by year
| Year | % of expense | Change |
|---|---|---|
| 1993 | 15.6% | — |
| 1994 | 12.6% | -19.3% |
| 1995 | 18.8% | +49.4% |
| 1996 | 26.2% | +39.1% |
| 1997 | 28.9% | +10.2% |
| 1998 | 26.3% | -8.9% |
| 1999 | 26.3% | -0.1% |
| 2000 | 17.5% | -33.5% |
| 2001 | 20.6% | +18.1% |
| 2002 | 15.5% | -25.0% |
| 2003 | 15.5% | -0.2% |
| 2004 | 35.6% | +130.3% |
| 2005 | 33.3% | -6.3% |
| 2006 | 32.0% | -3.9% |
| 2007 | 29.5% | -7.8% |
| 2008 | 38.9% | +31.8% |
| 2009 | 28.2% | -27.7% |
| 2010 | 26.2% | -6.8% |
| 2011 | 26.0% | -0.8% |
| 2012 | 27.8% | +7.0% |
| 2013 | 26.5% | -4.8% |
| 2014 | 26.0% | -1.9% |
| 2015 | 18.9% | -27.2% |
| 2016 | 16.0% | -15.3% |
| 2017 | 14.8% | -7.6% |
| 2018 | 14.8% | +0.1% |
| 2019 | 13.8% | -7.1% |
| 2020 | 26.3% | +91.3% |
| 2021 | 19.7% | -25.1% |
| 2022 | 23.4% | +18.9% |
| 2023 | 20.9% | -10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.1% | 12.6% | 28.9% | 7 |
| 2000s | 26.7% | 15.5% | 38.9% | 10 |
| 2010s | 21.1% | 13.8% | 27.8% | 10 |
| 2020s | 22.6% | 19.7% | 26.3% | 4 |
Countries ranked near Dominican Republic
More public sector data for Dominican Republic
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.8751 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 11.11 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 85.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0079 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.65 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 980.99 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.73 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is subsidies and other transfers in Dominican Republic?
- Subsidies and other transfers in Dominican Republic was 20.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Dominican Republic?
- The highest recorded value was 38.9% in 2008.
- What is the lowest subsidies and other transfers recorded in Dominican Republic?
- The lowest recorded value was 12.6% in 1994.
- How does Dominican Republic rank for subsidies and other transfers?
- Dominican Republic ranks 123rd out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Dominican Republic?
- Over the last ten years it is down 21.2%. The long-run trend across the full record is falling.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.