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Economy > National accounts > Shares of GDP and other Stats: compare key data on Dominican Republic & Haiti

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Definitions

  • Exports > Goods and services > % of GDP: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
  • External balance on goods and services > % of GDP: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
  • Final > Consumption expenditure > Etc. > % of GDP: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
  • General government final > Consumption expenditure > % of GDP: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation."
  • Gross capital formation > % of GDP: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Gross domestic savings > % of GDP: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).
  • Gross national expenditure > % of GDP: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment)."
  • Trade > % of GDP: Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
STAT Dominican Republic Haiti HISTORY
Exports > Goods and services > % of GDP 22.25%
Ranked 113th. 57% more than Haiti
14.21%
Ranked 126th.

External balance on goods and services > % of GDP -8%
Ranked 85th.
-29.7%
Ranked 131st. 4 times more than Dominican Republic

Final > Consumption expenditure > Etc. > % of GDP 93.18%
Ranked 31st.
102.29%
Ranked 14th. 10% more than Dominican Republic

General government final > Consumption expenditure > % of GDP 7.83%
Ranked 122nd.
9.15%
Ranked 145th. 17% more than Dominican Republic

Gross capital formation > % of GDP 14.82%
Ranked 118th.
27.41%
Ranked 31st. 85% more than Dominican Republic

Gross domestic savings > % of GDP 6.82%
Ranked 101st.
-2.29%
Ranked 118th.

Gross national expenditure > % of GDP 108%
Ranked 51st.
129.7%
Ranked 10th. 20% more than Dominican Republic

Trade > % of GDP 52.5%
Ranked 108th.
58.12%
Ranked 99th. 11% more than Dominican Republic

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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