Dominica ranked 190/197 by economy size with a GDP of $689M and 84/197 by GDP per capita at $10,405. Dominica has $719M in government debt, with a debt-to-GDP ratio of 100.4%.
In 2025, Dominica made up 0.0006% of the world's economy, compared to 0.0006% in 1977.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1977 | $45,872,947 | $233,294,627 | - |
| 1978 | $57,130,216 | $257,873,956 | 24.5% |
| 1979 | $55,017,759 | $210,530,140 | -3.7% |
| 1980 | $72,804,653 | $238,705,772 | 32.3% |
| 1981 | $82,107,391 | $264,556,011 | 12.8% |
| 1982 | $89,527,577 | $275,476,045 | 9.04% |
| 1983 | $98,665,191 | $282,518,089 | 10.2% |
| 1984 | $109,157,071 | $294,374,375 | 10.6% |
| 1985 | $119,491,933 | $298,557,239 | 9.47% |
| 1986 | $135,161,959 | $319,675,257 | 13.1% |
| 1987 | $151,868,754 | $339,838,969 | 12.4% |
| 1988 | $171,106,184 | $366,402,900 | 12.7% |
| 1989 | $185,137,243 | $365,702,570 | 8.2% |
| 1990 | $201,429,630 | $385,516,275 | 8.8% |
| 1991 | $219,762,963 | $390,712,129 | 9.1% |
| 1992 | $234,059,259 | $398,641,322 | 6.51% |
| 1993 | $245,525,926 | $407,257,612 | 4.9% |
| 1994 | $264,374,074 | $407,398,040 | 7.68% |
| 1995 | $274,522,222 | $419,745,715 | 3.84% |
| 1996 | $292,285,185 | $432,775,471 | 6.47% |
| 1997 | $302,988,889 | $442,234,332 | 3.66% |
| 1998 | $322,411,111 | $458,925,259 | 6.41% |
| 1999 | $331,759,259 | $460,550,217 | 2.9% |
| 2000 | $333,470,370 | $471,328,102 | 0.52% |
| 2001 | $377,462,963 | $471,027,184 | 13.2% |
| 2002 | $375,200,000 | $456,484,594 | -0.6% |
| 2003 | $373,318,519 | $482,983,317 | -0.5% |
| 2004 | $396,711,111 | $502,775,185 | 6.27% |
| 2005 | $391,455,556 | $507,377,018 | -1.32% |
| 2006 | $416,674,074 | $529,705,538 | 6.44% |
| 2007 | $444,685,185 | $558,086,830 | 6.72% |
| 2008 | $480,003,704 | $597,829,935 | 7.94% |
| 2009 | $515,618,519 | $591,040,073 | 7.42% |
| 2010 | $519,859,259 | $590,415,870 | 0.82% |
| 2011 | $532,081,481 | $590,668,208 | 2.35% |
| 2012 | $520,355,556 | $589,738,544 | -2.2% |
| 2013 | $545,325,926 | $589,765,106 | 4.8% |
| 2014 | $572,255,556 | $603,537,404 | 4.94% |
| 2015 | $583,177,778 | $583,177,778 | 1.91% |
| 2016 | $612,711,111 | $591,617,792 | 5.06% |
| 2017 | $563,355,556 | $546,983,994 | -8.06% |
| 2018 | $628,244,444 | $563,196,658 | 11.5% |
| 2019 | $644,259,259 | $585,432,211 | 2.55% |
| 2020 | $528,944,444 | $493,481,872 | -17.9% |
| 2021 | $562,911,111 | $520,030,399 | 6.42% |
| 2022 | $623,062,963 | $574,096,960 | 10.7% |
| 2023 | $659,311,111 | $595,064,187 | 5.82% |
| 2024 | $688,881,481 | $607,279,298 | 4.49% |
Economic Statistics of Dominica
Dominica
|
Rank | |
|---|---|---|
| Gross domestic product |
$689M
2024 |
190/197 |
| GDP growth |
4.49%
2023-2024 |
119/196 |
| GDP per capita |
$10,405
2024 |
84/197 |
| GDP per capita, PPP |
$21,301
2024 |
91/197 |
| Government debt |
$719M
2024 |
172/185 |
| Debt-to-GDP ratio |
100.4%
2025 |
23/185 |
| Government debt per person |
$10,858
2024 |
53/185 |
| Average annual personal income after taxes |
$6,142
2025 |
103/197 |
| Government expenditure, % of GDP |
52.6%
2025 |
13/195 |
| Consumer prices inflation |
2.59%
2023-2024 |
122/195 |
| Unemployment rate |
11%
2001 |
32/196 |
| Population |
65870
|
188/197 |
Dominica's GDP per capita
Dominica has a GDP per capita of $10,405, ranking 84/197, a GDP per capita based on purchasing power parity (PPP) of $21,301, ranking 91/197, and a median annual after tax income of $6,142, ranking 103/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1977 | $634 | - |
| 1978 | $786 | - |
| 1979 | $754 | - |
| 1980 | $996 | - |
| 1981 | $1,125 | - |
| 1982 | $1,232 | - |
| 1983 | $1,363 | - |
| 1984 | $1,515 | - |
| 1985 | $1,666 | - |
| 1986 | $1,893 | - |
| 1987 | $2,138 | - |
| 1988 | $2,423 | - |
| 1989 | $2,639 | - |
| 1990 | $2,893 | $4,667 |
| 1991 | $3,171 | $4,914 |
| 1992 | $3,376 | $5,125 |
| 1993 | $3,536 | $5,352 |
| 1994 | $3,805 | $5,465 |
| 1995 | $3,952 | $5,749 |
| 1996 | $4,211 | $6,041 |
| 1997 | $4,372 | $6,290 |
| 1998 | $4,664 | $6,617 |
| 1999 | $4,817 | $6,759 |
| 2000 | $4,867 | $7,111 |
| 2001 | $5,528 | $7,291 |
| 2002 | $5,488 | $7,167 |
| 2003 | $5,447 | $7,714 |
| 2004 | $5,779 | $8,232 |
| 2005 | $5,695 | $8,557 |
| 2006 | $6,056 | $9,200 |
| 2007 | $6,459 | $9,949 |
| 2008 | $6,971 | $10,862 |
| 2009 | $7,487 | $10,804 |
| 2010 | $7,550 | $10,924 |
| 2011 | $7,705 | $11,123 |
| 2012 | $7,529 | $10,921 |
| 2013 | $7,822 | $11,286 |
| 2014 | $8,132 | $12,083 |
| 2015 | $8,283 | $12,093 |
| 2016 | $8,803 | $12,945 |
| 2017 | $8,225 | $12,696 |
| 2018 | $9,215 | $15,070 |
| 2019 | $9,491 | $16,021 |
| 2020 | $7,828 | $14,244 |
| 2021 | $8,376 | $15,809 |
| 2022 | $9,324 | $18,802 |
| 2023 | $9,913 | $20,286 |
| 2024 | $10,405 | $21,301 |
Dominica's government spending, deficit, and chart
This chart shows Dominica's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 36 years, Dominica recorded a fiscal deficit in 29 years — average annual deficit equal to -3.18% of GDP. In 2024, government spending reached $416M (52.6% of GDP), with a deficit of -2.76%.
The national debt reached $719M, ranking 172nd out of 185 countries by total size, with a debt-to-GDP ratio of 100.4%, ranking 23rd.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1990 | 32.9% | 56.6% | -4.87% |
| 1991 | 29.9% | 58.7% | -3.08% |
| 1992 | 28% | 55.3% | -2.28% |
| 1993 | 26.1% | 55.4% | -1.46% |
| 1994 | 27.7% | 57% | -3.42% |
| 1995 | 29.7% | 59.3% | -2.97% |
| 1996 | 29% | 54.7% | -1.62% |
| 1997 | 29.1% | 49.3% | -2.31% |
| 1998 | 33.5% | 57.1% | -6.08% |
| 1999 | 35.3% | 62% | -9.2% |
| 2000 | 38.9% | 69.6% | -8.75% |
| 2001 | 29.3% | 97.5% | -6.48% |
| 2002 | 29% | 99.4% | -4.13% |
| 2003 | 31.2% | 98.2% | 0.88% |
| 2004 | 30.1% | 85.8% | -0.67% |
| 2005 | 32.1% | 84.9% | 0.98% |
| 2006 | 30.9% | 80.4% | 3.04% |
| 2007 | 35.6% | 74.9% | 1.88% |
| 2008 | 35.9% | 66.5% | 0.72% |
| 2009 | 36.1% | 62.8% | -0.31% |
| 2010 | 39.7% | 67.3% | -3.41% |
| 2011 | 34.7% | 68.6% | -4.34% |
| 2012 | 36.6% | 74% | -5.48% |
| 2013 | 34.2% | 75.6% | -2.95% |
| 2014 | 33.3% | 73.5% | -5.65% |
| 2015 | 33.5% | 71.1% | 11.8% |
| 2016 | 45.8% | 72.9% | 11% |
| 2017 | 55.7% | 86.7% | -3.37% |
| 2018 | 66.7% | 90% | -19.6% |
| 2019 | 44% | 89.1% | -7.95% |
| 2020 | 70.1% | 118.2% | -7.91% |
| 2021 | 70.1% | 113.6% | -8.61% |
| 2022 | 72.7% | 108.3% | -7.49% |
| 2023 | 66.8% | 103.2% | -4.66% |
| 2024 | 60.4% | 104.3% | -2.99% |
| 2025 | 52.6% | 100.4% | -2.76% |
Inflation rate by year
Over the past 20 years, Dominica has had an average annual inflation rate of 1.81%. In 2024, inflation was 2.59%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1967 | 0.95% |
| 1968 | 5.37% |
| 1969 | 4.22% |
| 1970 | 12.4% |
| 1971 | 3.64% |
| 1972 | 3.69% |
| 1973 | 12.1% |
| 1974 | 34.4% |
| 1975 | 19.9% |
| 1976 | 10.9% |
| 1977 | 9.5% |
| 1978 | 7.71% |
| 1979 | - |
| 1980 | - |
| 1981 | 13.3% |
| 1982 | 4.39% |
| 1983 | 4.15% |
| 1984 | 2.22% |
| 1985 | 3.74% |
| 1986 | 2.77% |
| 1987 | 4.02% |
| 1988 | 2.92% |
| 1989 | 6.22% |
| 1990 | 3.19% |
| 1991 | 5.56% |
| 1992 | 5.47% |
| 1993 | 1.57% |
| 1994 | 0.02% |
| 1995 | 1.32% |
| 1996 | 1.68% |
| 1997 | 2.44% |
| 1998 | 1% |
| 1999 | 1.18% |
| 2000 | 0.86% |
| 2001 | 1.3% |
| 2002 | 0.17% |
| 2003 | 1.45% |
| 2004 | 2.39% |
| 2005 | 1.68% |
| 2006 | 2.2% |
| 2007 | 3.63% |
| 2008 | 6.36% |
| 2009 | 0.006% |
| 2010 | 3% |
| 2011 | 1.13% |
| 2012 | 1.36% |
| 2013 | -0.05% |
| 2014 | 0.8% |
| 2015 | -0.84% |
| 2016 | 0.14% |
| 2017 | 0.3% |
| 2018 | 0.99% |
| 2019 | 1.5% |
| 2020 | 1.22% |
| 2021 | 2.23% |
| 2022 | 2.88% |
| 2023 | 5.09% |
| 2024 | 2.59% |
Balance of trade
|
Dominica
|
Rank | |
|---|---|---|
Current account balance
|
-$160M
2024 |
92/189 |
| Current account balance, % of GDP |
-23.2%
2024 |
182/189 |
| Goods imports |
$231M
2024 |
180/188 |
| Goods exports |
$22M
2024 |
183/188 |
| Service imports |
$157M
2024 |
179/188 |
| Service exports |
$191M
2024 |
164/188 |
| Exports of goods and services, % of GDP |
8.5%
2025 |
184/193 |
Dominica's top 10 trading partners
Dominica's biggest trading partner accounting for 31.3%% of all exports and imports is the United States, with a trade balance between the two of -$92.1M — Dominica exports $1.43M worth of goods and services to the United States and imports $93.5M.
Below is the list of the top 10 trade partners of Dominica.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$95M | 31.3% | $1.43M | $93.5M | Machinery & equipment | Machinery & equipment |
| 2 |
Trinidad
|
$32.7M | 10.8% | $364K | $32.4M | Chemicals & pharma | Raw materials & minerals |
| 3 |
China
|
$14.2M | 4.68% | $7K | $14.2M | Machinery & equipment | Machinery & equipment |
| 4 |
United Kingdom
|
$13.8M | 4.55% | $285K | $13.5M | Metals | Machinery & equipment |
| 5 |
Antigua
|
$13.1M | 4.32% | $3.96M | $9.14M | Raw agricultural goods | Raw materials & minerals |
| 6 |
Austria
|
$11.1M | 3.65% | $1K | $11.1M | Machinery & equipment | Machinery & equipment |
| 7 |
France
|
$10.9M | 3.6% | $2.06M | $8.87M | Raw agricultural goods | Metals |
| 8 |
Venezuela
|
$10.5M | 3.46% | $30K | $10.5M | Chemicals & pharma | Raw materials & minerals |
| 9 |
Jamaica
|
$7.83M | 2.58% | $197K | $7.64M | Chemicals & pharma | Raw materials & minerals |
| 10 |
Barbados
|
$7.39M | 2.44% | $1.43M | $5.96M | Chemicals & pharma | Raw materials & minerals |
Dominica's top 10 exports
|
Dominica
|
Rank | |
|---|---|---|
| Transport & tourism services | $91.9M | 159/188 |
| Business & finance services | $62.5M | 135/188 |
| IT & IP services | $11.3M | 153/183 |
| Raw agricultural goods | $8.71M | 160/193 |
| Machinery & equipment | $6.51M | 171/193 |
| Chemicals & pharma | $5.07M | 156/193 |
| Government & miscellaneous services | $4.05M | 157/180 |
| Metals | $532K | 180/192 |
| Textiles & consumer goods | $371K | 176/193 |
| Processed food, beverages & tobacco | $309K | 185/192 |
Dominica's top 10 imports
|
Dominica
|
Rank | |
|---|---|---|
| Raw materials & minerals | $69M | 177/193 |
| Machinery & equipment | $67.2M | 183/193 |
| Business & finance services | $65.7M | 164/188 |
| Processed food, beverages & tobacco | $47.6M | 182/193 |
| Transport & tourism services | $38.4M | 184/188 |
| Chemicals & pharma | $28.4M | 183/193 |
| Textiles & consumer goods | $20.6M | 186/193 |
| Metals | $19.3M | 182/193 |
| Animal & marine products | $18.4M | 180/193 |
| Wood & paper products | $17.2M | 177/193 |
Economic freedom indices
|
Dominica
|
Rank | |
|---|---|---|
| Economic freedom | 55.3 | 128/197 |
| Property rights | 68.9 | 55/182 |
| Government integrity | 59.9 | 55/182 |
| Judicial effectiveness | 82.9 | 55/182 |
| Tax burden | 76.1 | 117/181 |
| Government spending | 0 | 175/180 |
| Fiscal health | 26.4 | 148/181 |
| Business freedom | 68 | 84/182 |
| Labor freedom | 49.9 | 141/182 |
| Monetary freedom | 76.8 | 20/180 |
| Trade freedom | 54.6 | 165/181 |
| Investment freedom | 60 | 66/181 |
| Financial freedom | 40 | 109/181 |
Dominica's economic freedom by year
Dominica is ranked 114/180 for economic freedom with a score of 55.3, compared to 68/178 and a score of 62.6 in 2009.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2009 | 62.6 | - | 67.4 | 52.2 | - |
| 2010 | 63.2 | - | 67.7 | 49.8 | - |
| 2011 | 63.3 | - | 69.5 | 45.8 | - |
| 2012 | 61.6 | - | 68.8 | 43.8 | - |
| 2013 | 63.9 | - | 72 | 50.1 | - |
| 2014 | 65.2 | - | 72.9 | 61.7 | - |
| 2015 | 66.1 | - | 73.6 | 61.5 | - |
| 2016 | 67 | - | 74 | 68.5 | - |
| 2017 | 63.7 | 67.7 | 73.2 | 67.5 | 72.6 |
| 2018 | 64.5 | 69.2 | 72.9 | 64.8 | 85.2 |
| 2019 | 63.6 | 63.8 | 72.1 | 53.5 | 84.7 |
| 2020 | 60.8 | 62.6 | 70.5 | 16 | 86.2 |
| 2021 | 53 | 66.3 | 70 | 7.4 | 6.1 |
| 2022 | 54.4 | 81.6 | 71.6 | 8.5 | 1.1 |
| 2023 | 59.7 | 57.9 | 76.4 | 3.1 | 56.7 |
| 2024 | 54 | 82.7 | 76.4 | 0 | 7.4 |
| 2025 | 55.3 | 82.9 | 76.1 | 0 | 26.4 |
More economic indicators
|
Dominica
|
Rank | |
|---|---|---|
| Services, % of GDP |
56.9%
2024 |
96/191 |
| Industry, % of GDP |
13.9%
2024 |
165/194 |
| Agriculture, forestry, and fishing, % of GDP |
12.2%
2024 |
63/193 |
|
GNI, Atlas method
|
$676M
2024 |
187/194 |
| GNI per capita, PPP |
$21,380
2024 |
85/191 |
| Total reserves including gold |
$156M
2024 |
172/177 |
|
Net foreign direct investment
|
-$36.4M
2024 |
59/188 |
|
Net inflows of foreign direct investment
|
$36.8M
2024 |
157/193 |
|
Net outflows of foreign direct investment
|
$419K
2024 |
145/187 |
|
Servicing debt to the IMF, % of GNI
|
7.16%
2023 |
30/119 |
| Poverty at national poverty lines |
29%
2020 |
61/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Dominica topic pages:
Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.