IMF: The Dominican Republic manages to reduce its public debt and remains among the most stable countries in the region.

The Dominican Republic remains among the countries in Latin America and the Caribbean with the lowest proportion of public debt relative to its Gross Domestic Product (GDP), according to data from the International Monetary Fund (IMF) and national organizations.

According to the most recent figures, the country’s Consolidated Public Debt reached 57.4% of GDP in 2024 and 56.9% by August 2025, below the regional average.

The decline in the debt-to-GDP ratio is primarily due to nominal GDP growth, which has outpaced debt growth. Between 2021 and 2024, nominal GDP in dollars grew on average by 13%, while debt rose by 7% over the same period.

Likewise, the reduction in consolidated debt has been influenced by a decline in domestic debt, particularly that of the Central Bank, which decreased by 13.1% in 2024 compared to 2023 and by 5.4% in August 2025 compared to July of the same year. In contrast, external debt increased 4.7% in 2024 compared to the previous year.

With these results, the Dominican Republic maintains a controlled debt profile and a more solid fiscal position than most countries in the region, consolidating its position as one of the economies with the lowest relative debt in Latin America and the Caribbean.