Three decades ago, Mexico significantly outperformed the Dominican Republic in terms of income per capita. Today, the landscape has shifted: the Dominican Republic’s GDP per capita is now 10% higher than Mexico’s, according to data cited by Forbes México.
This insight was shared by Ernesto Revilla, Chief Economist for Latin America at Citigroup, during the Seminar on Economic Outlook 2026, organized by the Instituto Tecnológico Autónomo de México (ITAM).
According to the publication, in 1990 Mexico stood well above the Dominican Republic in per capita income. However, this trend began to shift over recent decades. By 2020, the Dominican Republic and China had reached comparable levels, and by 2024 both the Caribbean nation and the Asian economy had surpassed Mexico.
Based on data from the World Bank, the Dominican Republic recorded GDP growth of 5.0% in 2024, representing an increase of 2.8 percentage points compared to 2023.
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