Dominican Republic's gross fixed capital formation, private sector (current LCU) was 1.74 trillion in 2023, the latest year in the World Bank's World Development Indicators. That is up 261.1% from 480.49 billion in 2013 (13.7% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.74 trillion | 2023 |
| Five years earlier | 927.59 billion | 2018 |
| Ten years earlier | 480.49 billion | 2013 |
| Highest | 1.74 trillion | 2023 |
| Lowest | 338.64 billion | 2007 |
| Average since 2014 | 1.03 trillion | 2014–2023 |
| First recorded | 338.64 billion |
What the numbers say
In 2023, Dominican Republic's gross fixed capital formation, private sector (current LCU) rose 2.4% on 2022 (from 1.69 trillion to 1.74 trillion).
Across the 15 yearly changes before that (2008 to 2022), the average change was +12.3% and a typical year strayed about 15.9% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 48.2% in 2021 and the biggest yearly fall was 10.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 137.44 billion a year. A straight line explains 90% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 1.95 trillion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 517.52 billion, against 660.53 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Dominican Republic in the 2023 ranking
What this measures
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 17 values
| Year | Gross fixed capital formation, private sector (current LCU) |
|---|---|
| 2023 | 1,735,041,861,500 |
| 2022 | 1,694,525,180,900 |
| 2021 | 1,412,772,027,300 |
| 2020 | 953,584,533,600 |
| 2019 | 1,024,139,347,700 |
| 2018 | 927,586,239,000 |
| 2017 | 685,129,050,100 |
| 2016 | 687,465,898,900 |
| 2015 | 612,212,612,100 |
| 2014 | 560,240,530,100 |
Gross fixed capital formation, private sector (current LCU) in nearby economies
- Chile — 76.24 trillion (2025)
- Costa Rica — 7.22 trillion (2025)
- Ecuador — 18.61 billion (2023)
- El Salvador — 8.85 billion (2025)
- Guatemala — 144.11 billion (2025)
- Haiti — 463.8 billion (2025)
- Honduras — 203.88 billion (2025)
- Mexico — 6.77 trillion (2025)
- Nicaragua — 123.04 billion (2025)
More economic policy & debt data for Dominican Republic
- Total reserves, including gold (current US$) — US$14.78 billion (2025)
- Total reserves, excluding gold (current US$) — US$14.7 billion (2025)
- General government final consumption expenditure (current US$) — US$14.86 billion (2025)
- General government final consumption expenditure (current LCU) — 921.3 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$10.52 billion (2025)
- General government final consumption expenditure (constant LCU) — 580.52 billion (2025)
- General government final consumption expenditure (% of GDP) — 11.67% (2025)
- Households and NPISHs final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Dominican Republic's gross fixed capital formation, private sector (current LCU)?
- 1.74 trillion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 412.35% from 338.64 billion in 2007 (10.75% a year on average, compounded). The highest value was 1.74 trillion in 2023 and the lowest 338.64 billion in 2007.
Source
World Bank, World Development Indicators, indicator NE.GDI.FPRV.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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