Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population10.53 million10.41 million10.28 million
WDI
A.1.1
Urban population (% of total)78.98% of total78.06% of total77.08% of total
WDI
A.1.4
Urban population growth (annual %)2.34%2.47%2.6%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)67,492 USD (millions)64,058 USD (millions)61,293 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)149,692 USD (millions)138,511 USD (millions)126,953 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)6,755.74 USD 6,481.31 USD 6,264.14 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)14,983.65 USD 14,014.41 USD 12,974.68 USD
WEO
A.2.4
GDP, constant prices (Percent change)7%7.34%4.78%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)2.34%1.58%3.88%
WEO
A.2.6
GDP, deflator (Index)145.72143.08141.03
WEO
A.2.7
Consumer price index122.45121.44117.90
WDI
A.2.8
GINI IndexNot availableNot available47.07
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
UnemployedNot available14.5%15%
WDI
A.2.14.3
Interest Rates:A.2.15
Average bank deposit rate6.56%6.73%6.02%
IFS
A.2.15.4
Lending rate14.88%13.9%13.59%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied units  53.7% of total
ENHOGAR
B.1.4.1
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: (2010 = 100)
Notes: Capital gains arising from the sale or transfer of property are subject to a flat rate tax of 27%. The taxable gain is calculated by deducting the acquisition cost as adjusted for inflation from the gross selling price or market value
Notes: Income generating expenses are deductible when computing for taxable rental income
Notes: Property tax is levied annually at a rate of 1% on the property's cadastral value exceeding DOP 6,500,000 (USD 142,857)
Notes: Rental income is subject to taxation at a rate of 10% to residents and 27% for nonresidents
Notes: Represents mortgage loans made by BNVF, a government organization
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
Notes: The Transfer Tax is levied at 3%
Notes: This is the percentage in urban areas, when rural areas are included the percentage rises to 59.3%
Notes: This remains a minor portion as mortgage bonds were only authorized in a recent law passed in 2011
Notes: This remains a minor portion as securitization of mortgages was only authorized in a recent law passed in 2011