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Economy of China vs Dominica compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $689M for Dominica, ranking 2/197 and 190/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $713M (103.5% of GDP) in Dominica.

China vs Dominica GDP by year

China
Dominica
1x
Year GDP, current $
China Dominica
2024 $18,743,803,170,827 $688,881,481
2023 $18,270,356,654,533 $659,311,111
2022 $18,316,765,021,690 $623,062,963
2021 $18,201,698,719,564 $562,911,111
2020 $14,996,414,166,715 $528,944,444
2019 $14,560,167,101,283 $644,259,259
2018 $14,147,765,772,964 $628,244,444
2017 $12,537,559,062,283 $563,355,556
2016 $11,456,024,084,962 $612,711,111
2015 $11,280,814,787,469 $583,177,778
2014 $10,674,533,168,257 $572,255,556
2013 $9,743,124,247,267 $545,325,926
2012 $8,673,664,713,189 $520,355,556
2011 $7,671,757,207,851 $532,081,481
2010 $6,192,564,874,453 $519,859,259
2009 $5,189,577,094,998 $515,618,519
2008 $4,667,346,414,522 $480,003,704
2007 $3,604,055,822,572 $444,685,185
2006 $2,791,498,472,804 $416,674,074
2005 $2,317,551,298,052 $391,455,556
2004 $1,984,196,551,300 $396,711,111
2003 $1,683,903,309,844 $373,318,519
2002 $1,489,821,682,051 $375,200,000
2001 $1,355,036,590,252 $377,462,963
2000 $1,223,754,919,971 $333,470,370
1999 $1,103,843,203,576 $331,759,259
1998 $1,037,134,141,760 $322,411,111
1997 $967,753,570,435 $302,988,889
1996 $868,523,936,530 $292,285,185
1995 $738,190,896,228 $274,522,222
1994 $566,929,539,493 $264,374,074
1993 $446,557,291,212 $245,525,926
1992 $428,502,354,788 $234,059,259
1991 $384,510,452,962 $219,762,963
1990 $361,560,229,446 $201,429,630
1989 $348,380,566,802 $185,137,243
1988 $312,888,888,889 $171,106,184
1987 $273,455,156,951 $151,868,754
1986 $301,310,144,928 $135,161,959
1985 $310,064,625,850 $119,491,933
1984 $260,442,857,143 $109,157,071
1983 $231,130,268,199 $98,665,191
1982 $205,480,916,031 $89,527,577
1981 $196,218,253,968 $82,107,391
1980 $191,487,500,000 $72,804,653
1979 $178,573,913,043 $55,017,759
1978 $149,788,617,886 $57,130,216
1977 $175,226,595,860 $45,872,947
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/dominica | CC BY

GDP per capita in China vs Dominica by year

China
GDP per capita

GDP per capita, PPP
Dominica
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Dominica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $10,405 $21,301
2023 $12,951 $25,179 $9,913 $20,286
2022 $12,971 $23,032 $9,324 $18,802
2021 $12,887 $20,843 $8,376 $15,809
2020 $10,627 $18,267 $7,828 $14,244
2019 $10,343 $17,601 $9,491 $16,021
2018 $10,086 $16,298 $9,215 $15,070
2017 $8,980 $15,022 $8,225 $12,696
2016 $8,255 $14,157 $8,803 $12,945
2015 $8,175 $13,463 $8,283 $12,093
2014 $7,781 $12,942 $8,132 $12,083
2013 $7,147 $12,228 $7,822 $11,286
2012 $6,405 $11,420 $7,529 $10,921
2011 $5,704 $10,457 $7,705 $11,123
2010 $4,629 $9,411 $7,550 $10,924
2009 $3,898 $8,448 $7,487 $10,804
2008 $3,523 $7,713 $6,971 $10,862
2007 $2,735 $6,935 $6,459 $9,949
2006 $2,129 $5,946 $6,056 $9,200
2005 $1,778 $5,148 $5,695 $8,557
2004 $1,531 $4,505 $5,779 $8,232
2003 $1,307 $4,007 $5,447 $7,714
2002 $1,164 $3,591 $5,488 $7,167
2001 $1,065 $3,258 $5,528 $7,291
2000 $969 $2,964 $4,867 $7,111
1999 $881 $2,690 $4,817 $6,759
1998 $835 $2,483 $4,664 $6,617
1997 $787 $2,297 $4,372 $6,290
1996 $713 $2,088 $4,211 $6,041
1995 $613 $1,884 $3,952 $5,749
1994 $476 $1,680 $3,805 $5,465
1993 $379 $1,471 $3,536 $5,352
1992 $368 $1,276 $3,376 $5,125
1991 $334 $1,105 $3,171 $4,914
1990 $319 $991 $2,893 $4,667
1989 $311 - $2,639 -
1988 $284 - $2,423 -
1987 $252.3 - $2,138 -
1986 $282.4 - $1,893 -
1985 $295 - $1,666 -
1984 $251.2 - $1,515 -
1983 $225.9 - $1,363 -
1982 $203.7 - $1,232 -
1981 $197.4 - $1,125 -
1980 $195.1 - $996 -
1979 $184.3 - $754 -
1978 $156.7 - $786 -
1977 $185.7 - $634 -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/dominica | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $10,405 in Dominica, ranking 84/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Dominica ranks 91st at $21,301.

Economic indicators

China Dominica
Gross domestic product
$18.7T
2024
$689M
2024
GDP rank
2/197
2024
190/197
2024
GDP growth
4.98%
2023-2024
2.05%
2023-2024
GDP per capita
$13,303
2024
$10,405
2024
GDP per capita rank
76/197
2024
84/197
2024
GDP per capita, PPP
$27,105
2024
$21,301
2024
GDP per capita PPP rank
77/197
2024
91/197
2024
Government debt
$16.6T
2024
$713M
2024
Debt-to-GDP ratio
88.3%
2024
103.5%
2024
Government debt per person
$11,749
2024
$10,765
2024
Government debt per person rank
47/185
2024
55/185
2024
Average annual personal income after taxes
$9,826
2026
$6,045
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
n/a
Income share by poorest 10%
3.1%
2022
n/a
Government expenditure, % of GDP
32.9%
2024
60.9%
2024
Consumer prices inflation
0.2%
2023-2024
2.57%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
11%
2001
Population
1402578808
65539

Spending and national debt comparison by year

China
Spending

Debt
Dominica
Spending

Debt
1x
Year % of GDP
China Dominica
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 60.9% 103.5%
2023 32.7% 82% 66.8% 103.2%
2022 32.6% 75.5% 72.7% 108.3%
2021 31.9% 70.1% 70.1% 113.6%
2020 34.8% 69% 70.1% 118.2%
2019 33.6% 59.4% 44% 89.1%
2018 32.6% 55.6% 66.7% 90%
2017 32% 53.9% 55.7% 86.7%
2016 31.7% 49.7% 45.8% 72.9%
2015 31% 40.8% 33.5% 71.1%
2014 28.4% 39.3% 33.3% 73.5%
2013 28.1% 36.4% 34.2% 75.6%
2012 27.7% 33.8% 36.6% 74%
2011 26.6% 33.2% 34.7% 68.6%
2010 24.7% 33.3% 39.7% 67.3%
2009 25.2% 34% 36.1% 62.8%
2008 22.2% 26.7% 35.9% 66.5%
2007 17.9% 28.7% 35.6% 74.9%
2006 18.1% 25.2% 30.9% 80.4%
2005 18% 25.9% 32.1% 84.9%
2004 17.6% 26% 30.1% 85.8%
2003 18% 26.4% 31.2% 98.2%
2002 18.2% 25.6% 29% 99.4%
2001 17.2% 24.3% 29.3% 97.5%
2000 16.1% 22.7% 38.9% 69.6%
1999 14.9% 21.6% 35.3% 62%
1998 12.6% 20.4% 33.5% 57.1%
1997 11.5% 20.4% 29.1% 49.3%
1996 11% 21.2% 29% 54.7%
1995 11.1% 21.4% 29.7% 59.3%
1994 12.4% - 27.7% 57%
1993 13.4% - 26.1% 55.4%
1992 14.6% - 28% 55.3%
1991 16.5% - 29.9% 58.7%
1990 18.2% - 32.9% 56.6%
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/dominica | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Dominica spent $420M, or 60.9% of GDP.

Debt-to-GDP ratio is 88.3% in China and 103.5% in Dominica, ranking 34/185 and 20/185, respectively.

Government deficit by year

Deficit/surplus
China

Dominica
1x
Year Deficit/surplus, % of GDP
China Dominica
2024 -7.34% -2.28%
2023 -6.71% -4.66%
2022 -7.32% -7.49%
2021 -5.9% -8.61%
2020 -9.56% -7.91%
2019 -6% -7.95%
2018 -4.2% -18.1%
2017 -3.34% -3.37%
2016 -3.33% 11%
2015 -2.5% 11.8%
2014 -0.67% -5.65%
2013 -0.82% -2.95%
2012 -0.3% -5.48%
2011 -0.1% -4.34%
2010 -0.36% -3.41%
2009 -1.72% -0.31%
2008 -0.02% 0.72%
2007 0.06% 1.88%
2006 -1.13% 3.04%
2005 -1.38% 0.98%
2004 -1.49% -0.67%
2003 -2.36% 0.88%
2002 -2.84% -4.13%
2001 -2.56% -6.48%
2000 -2.81% -8.75%
1999 -2.3% -9.2%
1998 -1.08% -6.08%
1997 -0.73% -2.31%
1996 -0.73% -1.62%
1995 -0.94% -2.97%
1994 -1.68% -3.42%
1993 -0.89% -1.46%
1992 -1.22% -2.28%
1991 -1.04% -3.08%
1990 -0.72% -4.87%
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/dominica | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Dominica's deficit of $15.7M, or 2.28% of GDP.

Over the past 35 years, China recorded a fiscal deficit in 34 of those years, while Dominica ran a deficit in 28 years. On average, China posted an annual deficit equal to 2.46% of GDP, compared to deficit of 3.13% of GDP for Dominica.

Inflation comparison by year

Inflation
China

Dominica
1x
Year Consumer prices inflation
China Dominica
2024 0.2% 2.57%
2023 0.2% 5.09%
2022 2% 2.88%
2021 0.9% 2.23%
2020 2.5% 1.22%
2019 2.9% 1.5%
2018 2.1% 0.99%
2017 1.6% 0.3%
2016 2% 0.14%
2015 1.5% -0.84%
2014 2% 0.8%
2013 2.7% -0.05%
2012 2.6% 1.36%
2011 5.4% 1.13%
2010 3.3% 3%
2009 -0.7% 0.006%
2008 5.9% 6.36%
2007 4.7% 3.63%
2006 1.5% 2.2%
2005 1.8% 1.68%
2004 3.9% 2.39%
2003 1.1% 1.45%
2002 -0.8% 0.17%
2001 0.7% 1.3%
2000 0.4% 0.86%
1999 -1.4% 1.18%
1998 -0.8% 1%
1997 2.8% 2.44%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/dominica | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 1.68% in Dominica. In 2024, inflation was 0.2% in China and 2.57% in Dominica.

Top exports between countries

China
Export category Export value
Machinery & equipment $18M
Textiles & consumer goods $7.27M
Raw materials & minerals $6.77M
Metals $6.49M
Chemicals & pharma $4.5M
Miscellaneous $2.24M
Wood & paper products $1.28M
Processed food, beverages & tobacco $463K
Animal & marine products $60K
Precious metals & jewellery $55K
Dominica
Export category Export value
Machinery & equipment $6K

Balance of trade

China Dominica
Current account balance
$424B
2024
-$160M
2024
Current account balance ranking
1/190
2024
94/190
2024
Current account balance, % of GDP
+2.26%
2024
-23.2%
2024
Goods imports
$2.64T
2024
$231M
2024
Goods exports
$3.41T
2024
$22M
2024
Service imports
$613B
2024
$157M
2024
Service exports
$384B
2024
$191M
2024
Imports of goods and services, % of GDP
17.2%
2024
n/a
Exports of goods and services, % of GDP
20%
2024
8.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Dominica
Economic freedom 48.3 56.1
Economic freedom ranking 170/197 124/197
Property rights 40.9 65.8
Government integrity 42.3 61.2
Judicial effectiveness 38.6 77.3
Tax burden 69.3 76.1
Government spending 67.8 0
Fiscal health 4.4 45.6
Business freedom 68.7 66.2
Labor freedom 57.9 49.8
Monetary freedom 76.1 77.7
Trade freedom 73.4 53.2
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

China
Dominica
1x
Year Economic freedom index
China Dominica
2026 48.3 56.1
2025 49 55.3
2024 48.5 54
2023 48.3 59.7
2022 48 54.4
2021 58.4 53
2020 59.5 60.8
2019 58.4 63.6
2018 57.8 64.5
2017 57.4 63.7
2016 52 67
2015 52.7 66.1
2014 52.5 65.2
2013 51.9 63.9
2012 51.2 61.6
2011 52 63.3
2010 51 63.2
2009 53.2 62.6
2008 53.1 -
2007 52 -
2006 53.6 -
2005 53.7 -
2004 52.5 -
2003 52.6 -
2002 52.8 -
2001 52.6 -
2000 56.4 -
1999 54.8 -
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/dominica | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 56.1 for Dominica, ranking 124/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Dominica
Services, % of GDP
56.7%
2024
56.9%
2024
Industry, % of GDP
36.5%
2024
13.9%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
12.2%
2024
GNI, Atlas method
$19.3T
2024
$677M
2024
GNI per capita, PPP
$26,920
2024
$21,410
2024
Total reserves including gold
$3.46T
2024
$156M
2024
Total reserves ranking
1/177
2024
172/177
2024
Net foreign direct investment
$154B
2024
-$36.4M
2024
Net inflows of foreign direct investment
$18.6B
2024
$60M
2024
Net outflows of foreign direct investment
$172B
2024
-$401K
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
9.52%
2024
Poverty at national poverty lines
0%
2020
29%
2020
Gross capital formation, % of GDP
40.6%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/dominica | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.