General Government Revenue for Dominican Republic
DOMGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.34
Year-over-Year Change
5.80%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'General Government Revenue for Dominican Republic' trend measures the total revenue collected by the Dominican Republic's government, including taxes, social contributions, and other income. This metric is important for assessing the fiscal health and policy environment of the Dominican economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the consolidated revenue of the Dominican Republic's central, state, and local governments. It is a key measure of the government's ability to fund public services and investment through taxation and other sources of income.
Methodology
The data is collected and reported by the Dominican Republic's Ministry of Finance.
Historical Context
Policymakers and analysts use this trend to evaluate the Dominican government's fiscal policy and its impact on economic growth and development.
Key Facts
- The Dominican Republic's government revenue was 15.4% of GDP in 2020.
- Tax revenue accounts for approximately 80% of total government revenue.
- Government revenue has grown by an average of 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'General Government Revenue for Dominican Republic' metric measures the total revenue collected by the Dominican government, including taxes, social contributions, and other income.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the Dominican government's fiscal health and its ability to fund public services and investment, which is crucial for evaluating the country's economic development and policy environment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Dominican Republic's Ministry of Finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the Dominican government's fiscal policy and its impact on economic growth and development.
Q: Are there update delays or limitations?
A: The data is typically published with a few months' delay, and the methodology may be subject to revisions by the Dominican government.
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Citation
U.S. Federal Reserve, General Government Revenue for Dominican Republic (DOMGGRGDP), retrieved from FRED.