Average Dominican Income Published by Statista Research Department Jul 25 2024 The national gross income per capita in the Dominican Republic increased by 630 U S dollars 6 95 percent in 2023 in comparison to the
1 Average wages The average salary in the Dominican Republic offers insight into the economic landscape of the country and the standard of living for its workforce As of recent data the average monthly salary in the Dominican Republic typically falls between RD 10 000 to RD 35 000 This range widely depends on various factors including Average salary in Dominican Republic is 2 819 096 DOP per year The most typical earning is 708 167 DOP All data are based on 103 salary surveys Salaries are different between men and women Men receive an average salary of 3 387 400 DOP Women receive a salary of 1 740 911 DOP
Average Dominican Income
Average Dominican Income
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GDP per capita current US Dominican Republic World Bank national accounts data and OECD National Accounts data files License CC BY 4 0 LineBarMap Also Show Share Details Label 1960 2022 The Dominicans current average monthly income is RD 41 164 US 777 for a household with 3 2 members according to the National Survey of Household Income and Expenditures 2018 published by the Central Bank The total monthly income of those people not only comes from jobs 77 4 of these resources do come from work but 20 is received by
THE OFFICIAL SALARY IN DOMINICAN REPUBLIC IN 2024 Average salary 25 000 27 000 Dominican pesos per month 430 465 Minimum wage 14 232 25 116 Dominican pesos per month 245 430 Source Government of Dominican Republic and international recruitment agencies The Dominican Republic is located in the eastern part of the island of Haiti The average annual salary in the Dominican Republic is approximately 14 400 as of 2021 This figure represents the median income across various industries and job positions in the country Variation across sectors Salaries can vary significantly depending on the sector in which an individual works For instance professionals in the finance
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Despite encountering challenges such as the debt crisis of the 1980s the Dominican Republic s economy has been converging at a faster rate The convergence velocity has increased from an average of 3 percentage points per decade over the last 50 years to almost 8 percentage points per decade more recently This remarkable performance can be Dominican Republic gdp per capita for 2022 was 10 111 a 19 28 increase from 2021 Dominican Republic gdp per capita for 2021 was 8 477 a 18 26 increase from 2020 Dominican Republic gdp per capita for 2020 was 7 168 a 12 3 decline from 2019 Dominican Republic gdp per capita for 2019 was 8 173 a 2 85 increase from 2018 GDP per
The average cost of living in the Dominican Republic 792 is 67 less expensive than in the United States 2433 the Dominican Republic ranked 113th vs 7th for the United States in the list of the most expensive countries in the world The average after tax salary is enough to cover living expenses for 0 5 months in the Dominican Republic compared to 1 9 months in the United States The average salary in Santo Domingo is RD 648k Trends in wages decreased by 100 0 percent in Q1 2024 The cost of living in Santo Domingo is NaN percent lower than the national average
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Average Dominican Income - THE OFFICIAL SALARY IN DOMINICAN REPUBLIC IN 2024 Average salary 25 000 27 000 Dominican pesos per month 430 465 Minimum wage 14 232 25 116 Dominican pesos per month 245 430 Source Government of Dominican Republic and international recruitment agencies The Dominican Republic is located in the eastern part of the island of Haiti