In 2023, Dominican Republic's GDP showed a dominance of services, contributing 37.35%. Other significant sectors included mining, manufacturing, and utilities at 19.15%, followed by wholesale and retail trade, restaurants, and hotels at 18.03%. Transport, storage, and communication sectors comprised 10.08%, with construction at 9.33%, and agriculture, hunting, forestry, and fishing making up 6.06% of the GDP. Services sector demonstrated the highest yearly growth, while construction and agriculture saw moderate growth. The last five years have seen an average steady increase across sectors, albeit at varied rates.
Future trends to watch include:
- Continued growth in the services and trade sectors, driven by tourism and hospitality.
- Potential expansion in manufacturing as foreign investments increase.
- Modest growth in agriculture as technology and sustainable practices are adopted.
- Infrastructure development in transport and communication could stimulate further growth.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 37.35 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 19.15 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 18.03 | 2016 | |
| 4 | 4 Transport, storage and communication | 10.08 | 2016 | |
| 5 | 5 Construction | 9.33 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 6.06 | 2016 |
