Taxes on goods and services in Dominican Republic
Dominican Republic: Taxes on goods and services was 47.9% in 2024. ▲ Rising
Taxes on goods and services in Dominican Republic, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on goods and services in Dominican Republic is 47.9%, measured in 2024.
That represents a change of down 2.4% on the previous year and down 9.1% over ten years.
Over the whole period, taxes on goods and services in Dominican Republic peaked at 57.8% in 2008 and was at its lowest, 16.1%, in 1975.
That places Dominican Republic 11th out of 156 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on goods and services in Dominican Republic, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 19.3% | — |
| 1973 | 18.3% | -5.0% |
| 1974 | 16.8% | -8.7% |
| 1975 | 16.1% | -3.6% |
| 1976 | 22.0% | +36.0% |
| 1977 | 23.6% | +7.6% |
| 1978 | 23.9% | +1.3% |
| 1979 | 25.2% | +5.1% |
| 1980 | 22.1% | -12.3% |
| 1981 | 26.1% | +18.2% |
| 1982 | 33.4% | +27.9% |
| 1983 | 31.5% | -5.6% |
| 1984 | 34.0% | +7.8% |
| 1985 | 34.4% | +1.3% |
| 1986 | 34.7% | +0.9% |
| 1987 | 26.0% | -25.1% |
| 1988 | 21.2% | -18.4% |
| 1989 | 20.2% | -5.1% |
| 1990 | 23.0% | +14.0% |
| 1991 | 21.0% | -8.5% |
| 1992 | 26.2% | +24.5% |
| 1993 | 28.3% | +8.4% |
| 1994 | 34.0% | +19.9% |
| 1995 | 34.2% | +0.6% |
| 1996 | 34.0% | -0.5% |
| 1997 | 34.8% | +2.3% |
| 1998 | 35.7% | +2.5% |
| 1999 | 30.2% | -15.5% |
| 2000 | 25.7% | -14.9% |
| 2001 | 35.3% | +37.8% |
| 2002 | 35.6% | +0.8% |
| 2003 | 41.9% | +17.7% |
| 2004 | 41.2% | -1.7% |
| 2005 | 47.9% | +16.2% |
| 2006 | 53.9% | +12.6% |
| 2007 | 55.8% | +3.5% |
| 2008 | 57.8% | +3.7% |
| 2009 | 57.1% | -1.2% |
| 2010 | 57.1% | -0.1% |
| 2011 | 57.1% | +0.1% |
| 2012 | 54.7% | -4.4% |
| 2013 | 55.0% | +0.6% |
| 2014 | 52.7% | -4.2% |
| 2015 | 46.2% | -12.3% |
| 2016 | 54.0% | +16.9% |
| 2017 | 53.5% | -0.8% |
| 2018 | 52.7% | -1.5% |
| 2019 | 52.0% | -1.5% |
| 2020 | 49.6% | -4.5% |
| 2021 | 50.8% | +2.5% |
| 2022 | 50.7% | -0.2% |
| 2023 | 49.1% | -3.3% |
| 2024 | 47.9% | -2.4% |
Dominican Republic compared with similar countries
- Dominican Republic's 47.9% is above the median for upper middle income countries, which is 34.9%, 1.4× the median. (48 countries reporting)
- Dominican Republic's 47.9% is above the median for Latin America & Caribbean, which is 36.3%, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.7% | 16.1% | 25.2% | 8 |
| 1980s | 28.4% | 20.2% | 34.7% | 10 |
| 1990s | 30.1% | 21.0% | 35.7% | 10 |
| 2000s | 45.2% | 25.7% | 57.8% | 10 |
| 2010s | 53.5% | 46.2% | 57.1% | 10 |
| 2020s | 49.6% | 47.9% | 50.8% | 5 |
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 taxes on goods and services in Dominican Republic?
- Taxes on goods and services in Dominican Republic was 47.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Dominican Republic?
- The highest recorded value was 57.8% in 2008.
- What is the lowest taxes on goods and services recorded in Dominican Republic?
- The lowest recorded value was 16.1% in 1975.
- How does Dominican Republic rank for taxes on goods and services?
- Dominican Republic ranks 11th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Dominican Republic?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is rising.
- 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.