Dominican Republic will become the third richest economy in Latin America in 2028

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Inspenet, April 29, 2023

The Dominican Republic will position itself as the third richest economy per capita in Latin America in 2028, according to an analysis carried out by Latinvex with data from the International Monetary Fund (IMF). Currently, Panama continues to be the richest nation in the region, followed by Chile and Uruguay.

The analysis highlights that the Dominican Republic will be the economy with the highest growth rate in Latin America over the next five years, from 2024 to 2028, surpassing Panama in the process.

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Pro-business president and his management of the pandemic boost tourism and the economy of the Dominican Republic

This growth is attributed in large part to the management of President Luis Abinader , who has received praise for his handling of the covid-19 pandemic, as well as for his promotion of tourism and his fight against corruption. Latinvex also named Abinader Leader of the Year in 2021.