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8.7

Dominican Republic

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

6,725

6,872

7,025

7,170

7,320

7,471

7,620

7,769

7,915

8,060

8,204

Growth Rate (%)

2.2

2.2

2.2

2.1

2.1

2.1

2.0

1.9

1.9

1.8

1.8

National Accounts

GDP, current prices (m. pesos)

22,404

32,851

42,393

60,305

96,333

112,698

121,808

136,206

160,456

181,466

212,644

GDP, 1980 prices (m. pesos)

8,476

8,658

9,039

8,546

8,629

9,321

9,600

10,018

10,494

11,264

12,182

Real GDP Growth Rate (%)

10.1

2.1

4.4

-5.5

1.0

8.0

3.0

4.4

4.8

7.3

8.2

Real Per Capita GDP

1,260

1,260

1,287

1,192

1,179

1,248

1,260

1,289

1,326

1,397

1,485

Real Per Capita GDP Growth Rate (%)

7.7

0.0

2.1

-7.4

-1.1

5.8

1.0

2.3

2.9

5.4

6.3

Gross Domestic Investment/GDP (%)

24.3

24.7

27.4

25.1

21.7

22.4

19.2

21.1

25.1

24.2

22.4

Private

16.8

17.0

18.3

18.4

15.4

15.3

10.0

12.4

17.9

17.5

16.5

Public

7.5

7.7

9.1

6.7

6.3

7.1

9.2

8.7

7.2

6.7

5.9

Prices

GDP Price Deflator (1980=100)

264.3

379.4

469.0

705.7

1116.4

1209.2

1268.8

1359.7

1529.0

1611.1

1745.5

Annual Change (%)

14.4

43.5

23.6

50.5

58.2

8.3

4.9

7.2

12.5

5.4

8.3

Consumer Prices (1984/Nov=100)

182.0

283.5

381.6

686.5

740.8

779.0

800.7

915.4

999.7

1039.2

1126.1

Annual Change (%)

22.7

55.8

34.6

79.9

7.9

5.2

2.8

14.3

9.2

4.0

8.4

Balance of Payments (US$m)

Current Account

(422)

(85)

(130)

(2)

1

(511)

313

155

279

(158)

(225)

Exports, fob

711

890

925

735

658

563

511

644

767

821

871

Imports, fob

1,591

1,608

1,964

1,793

1,729

2,175

2,118

2,563

2,787

3,216

4,135

Trade Balance

(880)

(718)

(1,039)

(1,058)

(1,071)

(1,612)

(1,607)

(1,919)

(2,020)

(2,395)

(3,264)

Services, net

185

346

609

741

742

754

1,072

1,181

1,371

1,225

1,694

Private Transfers, net

273

288

300

315

330

347

848

893

928

1,011

1,345

Capital Account

203

322

13

78

379

635

(181)

(625)

(142)

198

524

Official Transfers

57

65

103

75

74

107

62

101

95

127

145

Official Capital, net

(20)

137

156

54

(3)

(52)

(29)

(133)

(16)

(60)

67

Direct Investment, net

89

106

110

133

145

180

91

132

271

513

391

Other net [a]

77

14

(356)

(184)

163

400

(305)

(725)

(492)

(383)

(78)

Overall Balance [b]

(219)

237

(117)

76

380

124

131

(470)

136

39

299

External Public Debt

Debt Outstanding, 12/31 (US$m)

3,864

3,947

4,181

4,499

4,614

4,413

4,563

3,946

3,999

3,815

3,502

Debt Outstanding/GDP (%)

66.2

73.9

64.2

69.5

61.1

49.5

47.2

37.3

37.8

36.0

33.1

Debt Service/Exports (%)

19.8

17.9

12.9

42.8

25.9

24.6

19.0

20.6

22.4

27.1

27.1

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue

17.4

18.1

18.6

12.8

14.5

21.4

21.7

21.1

20.4

19.8

21.3

Current Expenditures

9.8

9.6

9.7

9.5

8.3

13.5

14.0

14.5

13.4

13.2

16.6

Current Surplus/Deficit

7.6

8.5

8.9

3.3

6.2

7.9

7.7

6.6

7.0

6.6

4.7

Capital Revenues

-0.1

0.1

0.3

0.4

0.2

0.4

0.4

0.1

0.2

0.5

0.5

Capital Expenditures

11.6

11.5

10.5

7.1

8.2

8.7

10.1

9.9

7.6

7.9

5.7

Overall Surplus/Deficit

-4.1

-2.9

-1.3

-3.4

-1.7

-0.4

-2.0

-3.2

-0.4

-0.8

-0.5

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