5 Fastest Growing Countries In Latin America

3. Dominican Republic

2023 Projected Real GDP Growth Rate According to IMF: 4.5%

The Dominican Republic is a Caribbean country located on the Greater Antilles archipelago. The country has a relatively high GDP of $254 billion which lends it a per capita income of $23,983. The Dominican Republic has a well diversified export base, that sells nearly equal proportions of gold, tobacco, medical instruments, and other products on the global marketplace. Its largest trading partner is the U.S., accounting for nearly half of both imports and exports.