Service sector value added to GDP Dominican Republic

The value added by the services industry to the gross domestic product in the Dominican Republic increased by 2.1 billion U.S. dollars (+3.83 percent) in 2023. Therefore, the value added in the Dominican Republic reached a peak in 2023 with 56.87 billion U.S. dollars.
Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.

Find more statistics on other topics about the Dominican Republic with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, share of value added by the manufacturing industry to the gross domestic product, and value added by the services industry to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in the Dominican Republic from 2012 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	56.87
2022	54.82
2021	50.72
2020	47.03
2019	51.04
2018	49
2017	46.35
2016	44.68
2015	42.03
2014	39.6
2013	37.18
2012	36.01

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Release date

October 2024

More information

Region

Dominican Republic

Survey time period

2012 to 2023

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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