Dominica ranked 190/197 by economy size with a GDP of $689M and 84/197 by GDP per capita at $10,405. Dominica has $713M in government debt, with a debt-to-GDP ratio of 103.5%.
In 2024, Dominica made up 0.0006% of the world's economy, compared to 0.0006% in 1977.
Dominica GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $688,881,481 | 2.05% |
| 2023 | $659,311,111 | 3.65% |
| 2022 | $623,062,963 | 10.4% |
| 2021 | $562,911,111 | 5.38% |
| 2020 | $528,944,444 | -15.7% |
| 2019 | $644,259,259 | 3.95% |
| 2018 | $628,244,444 | 2.96% |
| 2017 | $563,355,556 | -7.54% |
| 2016 | $612,711,111 | 1.45% |
| 2015 | $583,177,778 | -3.37% |
| 2014 | $572,255,556 | 2.34% |
| 2013 | $545,325,926 | 0.005% |
| 2012 | $520,355,556 | -0.16% |
| 2011 | $532,081,481 | 0.04% |
| 2010 | $519,859,259 | -0.11% |
| 2009 | $515,618,519 | -1.14% |
| 2008 | $480,003,704 | 7.12% |
| 2007 | $444,685,185 | 5.36% |
| 2006 | $416,674,074 | 4.4% |
| 2005 | $391,455,556 | 0.92% |
| 2004 | $396,711,111 | 4.1% |
| 2003 | $373,318,519 | 5.8% |
| 2002 | $375,200,000 | -3.09% |
| 2001 | $377,462,963 | -0.06% |
| 2000 | $333,470,370 | 2.34% |
| 1999 | $331,759,259 | 0.35% |
| 1998 | $322,411,111 | 3.77% |
| 1997 | $302,988,889 | 2.19% |
| 1996 | $292,285,185 | 3.1% |
| 1995 | $274,522,222 | 3.03% |
| 1994 | $264,374,074 | 0.03% |
| 1993 | $245,525,926 | 2.16% |
| 1992 | $234,059,259 | 2.03% |
| 1991 | $219,762,963 | 1.35% |
| 1990 | $201,429,630 | 5.42% |
| 1989 | $185,137,243 | -0.19% |
| 1988 | $171,106,184 | 7.82% |
| 1987 | $151,868,754 | 6.31% |
| 1986 | $135,161,959 | 7.07% |
| 1985 | $119,491,933 | 1.42% |
| 1984 | $109,157,071 | 4.2% |
| 1983 | $98,665,191 | 2.56% |
| 1982 | $89,527,577 | 4.13% |
| 1981 | $82,107,391 | 10.8% |
| 1980 | $72,804,653 | 13.4% |
| 1979 | $55,017,759 | -18.4% |
| 1978 | $57,130,216 | 10.5% |
| 1977 | $45,872,947 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/dominica | CC BY 
Dominica GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $10,405 | $21,301 |
| 2023 | $9,913 | $20,286 |
| 2022 | $9,324 | $18,802 |
| 2021 | $8,376 | $15,809 |
| 2020 | $7,828 | $14,244 |
| 2019 | $9,491 | $16,021 |
| 2018 | $9,215 | $15,070 |
| 2017 | $8,225 | $12,696 |
| 2016 | $8,803 | $12,945 |
| 2015 | $8,283 | $12,093 |
| 2014 | $8,132 | $12,083 |
| 2013 | $7,822 | $11,286 |
| 2012 | $7,529 | $10,921 |
| 2011 | $7,705 | $11,123 |
| 2010 | $7,550 | $10,924 |
| 2009 | $7,487 | $10,804 |
| 2008 | $6,971 | $10,862 |
| 2007 | $6,459 | $9,949 |
| 2006 | $6,056 | $9,200 |
| 2005 | $5,695 | $8,557 |
| 2004 | $5,779 | $8,232 |
| 2003 | $5,447 | $7,714 |
| 2002 | $5,488 | $7,167 |
| 2001 | $5,528 | $7,291 |
| 2000 | $4,867 | $7,111 |
| 1999 | $4,817 | $6,759 |
| 1998 | $4,664 | $6,617 |
| 1997 | $4,372 | $6,290 |
| 1996 | $4,211 | $6,041 |
| 1995 | $3,952 | $5,749 |
| 1994 | $3,805 | $5,465 |
| 1993 | $3,536 | $5,352 |
| 1992 | $3,376 | $5,125 |
| 1991 | $3,171 | $4,914 |
| 1990 | $2,893 | $4,667 |
| 1989 | $2,639 | - |
| 1988 | $2,423 | - |
| 1987 | $2,138 | - |
| 1986 | $1,893 | - |
| 1985 | $1,666 | - |
| 1984 | $1,515 | - |
| 1983 | $1,363 | - |
| 1982 | $1,232 | - |
| 1981 | $1,125 | - |
| 1980 | $996 | - |
| 1979 | $754 | - |
| 1978 | $786 | - |
| 1977 | $634 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/dominica | CC BY
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 $6,045, ranking 104/197.
Dominica GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 179 | 79 | 85 |
| 2023 | 186 | 83 | 88 |
| 2022 | 185 | 82 | 88 |
| 2021 | 185 | 82 | 93 |
| 2020 | 186 | 79 | 96 |
| 2019 | 186 | 76 | 89 |
| 2018 | 187 | 79 | 89 |
| 2017 | 187 | 81 | 99 |
| 2016 | 187 | 74 | 97 |
| 2015 | 188 | 77 | 99 |
| 2014 | 188 | 81 | 97 |
| 2013 | 188 | 84 | 98 |
| 2012 | 188 | 83 | 96 |
| 2011 | 189 | 81 | 94 |
| 2010 | 189 | 80 | 92 |
| 2009 | 189 | 72 | 93 |
| 2008 | 188 | 80 | 94 |
| 2007 | 187 | 76 | 96 |
| 2006 | 187 | 71 | 94 |
| 2005 | 186 | 67 | 91 |
| 2004 | 185 | 62 | 91 |
| 2003 | 184 | 59 | 88 |
| 2002 | 183 | 56 | 90 |
| 2001 | 183 | 57 | 85 |
| 2000 | 184 | 59 | 85 |
| 1999 | 181 | 58 | 83 |
| 1998 | 182 | 59 | 79 |
| 1997 | 181 | 62 | 80 |
| 1996 | 178 | 61 | 80 |
| 1995 | 177 | 62 | 80 |
| 1994 | 173 | 60 | 82 |
| 1993 | 172 | 59 | 82 |
| 1992 | 172 | 59 | 82 |
| 1991 | 172 | 60 | 86 |
| 1990 | 171 | 63 | 85 |
| 1989 | 155 | 60 | - |
| 1988 | 155 | 63 | - |
| 1987 | 152 | 66 | - |
| 1986 | 148 | 65 | - |
| 1985 | 149 | 69 | - |
| 1984 | 148 | 75 | - |
| 1983 | 146 | 80 | - |
| 1982 | 146 | 82 | - |
| 1981 | 147 | 86 | - |
| 1980 | 147 | 90 | - |
| 1979 | 140 | 91 | - |
| 1978 | 137 | 82 | - |
| 1977 | 138 | 87 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/dominica | CC BY
Compared with 2000, in 2024 Dominica is ranked 179th out of 182 by GDP (up from 184th), 79th by GDP per capita (down from 59th), and 85th by GDP per capita PPP (unchanged from 85th).
Economic indicators
Dominica
|
Rank | |
|---|---|---|
| Gross domestic product |
$689M
2024 |
190/197 |
| GDP growth |
2.05%
2023-2024 |
134/194 |
| GDP per capita |
$10,405
2024 |
84/197 |
| GDP per capita, PPP |
$21,301
2024 |
91/197 |
| Government debt |
$713M
2024 |
172/185 |
| Debt-to-GDP ratio |
103.5%
2024 |
20/185 |
| Government debt per person |
$10,765
2024 |
55/185 |
| Average annual personal income after taxes |
$6,045
2026 |
104/197 |
| Government expenditure, % of GDP |
60.9%
2024 |
8/195 |
| Consumer prices inflation |
2.57%
2023-2024 |
121/195 |
| Unemployment rate |
11%
2001 |
33/196 |
| Population |
65539
|
188/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 60.9% | 103.5% | -2.28% |
| 2023 | 66.8% | 103.2% | -4.66% |
| 2022 | 72.7% | 108.3% | -7.49% |
| 2021 | 70.1% | 113.6% | -8.61% |
| 2020 | 70.1% | 118.2% | -7.91% |
| 2019 | 44% | 89.1% | -7.95% |
| 2018 | 66.7% | 90% | -18.1% |
| 2017 | 55.7% | 86.7% | -3.37% |
| 2016 | 45.8% | 72.9% | 11% |
| 2015 | 33.5% | 71.1% | 11.8% |
| 2014 | 33.3% | 73.5% | -5.65% |
| 2013 | 34.2% | 75.6% | -2.95% |
| 2012 | 36.6% | 74% | -5.48% |
| 2011 | 34.7% | 68.6% | -4.34% |
| 2010 | 39.7% | 67.3% | -3.41% |
| 2009 | 36.1% | 62.8% | -0.31% |
| 2008 | 35.9% | 66.5% | 0.72% |
| 2007 | 35.6% | 74.9% | 1.88% |
| 2006 | 30.9% | 80.4% | 3.04% |
| 2005 | 32.1% | 84.9% | 0.98% |
| 2004 | 30.1% | 85.8% | -0.67% |
| 2003 | 31.2% | 98.2% | 0.88% |
| 2002 | 29% | 99.4% | -4.13% |
| 2001 | 29.3% | 97.5% | -6.48% |
| 2000 | 38.9% | 69.6% | -8.75% |
| 1999 | 35.3% | 62% | -9.2% |
| 1998 | 33.5% | 57.1% | -6.08% |
| 1997 | 29.1% | 49.3% | -2.31% |
| 1996 | 29% | 54.7% | -1.62% |
| 1995 | 29.7% | 59.3% | -2.97% |
| 1994 | 27.7% | 57% | -3.42% |
| 1993 | 26.1% | 55.4% | -1.46% |
| 1992 | 28% | 55.3% | -2.28% |
| 1991 | 29.9% | 58.7% | -3.08% |
| 1990 | 32.9% | 56.6% | -4.87% |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/dominica | CC BY
This chart shows Dominica's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 35 years, Dominica recorded a fiscal deficit in 28 of them, with an average annual deficit equal to 3.13% of GDP. In 2024, government spending reached $420M (60.9% of GDP), with a deficit of 2.28%.
The national debt reached $713M, ranking 172nd out of 185 countries by total size, with a debt-to-GDP ratio of 103.5%, ranking 20th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 2.57% |
| 2023 | 5.09% |
| 2022 | 2.88% |
| 2021 | 2.23% |
| 2020 | 1.22% |
| 2019 | 1.5% |
| 2018 | 0.99% |
| 2017 | 0.3% |
| 2016 | 0.14% |
| 2015 | -0.84% |
| 2014 | 0.8% |
| 2013 | -0.05% |
| 2012 | 1.36% |
| 2011 | 1.13% |
| 2010 | 3% |
| 2009 | 0.006% |
| 2008 | 6.36% |
| 2007 | 3.63% |
| 2006 | 2.2% |
| 2005 | 1.68% |
| 2004 | 2.39% |
| 2003 | 1.45% |
| 2002 | 0.17% |
| 2001 | 1.3% |
| 2000 | 0.86% |
| 1999 | 1.18% |
| 1998 | 1% |
| 1997 | 2.44% |
| 1996 | 1.68% |
| 1995 | 1.32% |
| 1994 | 0.02% |
| 1993 | 1.57% |
| 1992 | 5.47% |
| 1991 | 5.56% |
| 1990 | 3.19% |
| 1989 | 6.22% |
| 1988 | 2.92% |
| 1987 | 4.02% |
| 1986 | 2.77% |
| 1985 | 3.74% |
| 1984 | 2.22% |
| 1983 | 4.15% |
| 1982 | 4.39% |
| 1981 | 13.3% |
| 1980 | - |
| 1979 | - |
| 1978 | 7.71% |
| 1977 | 9.5% |
| 1976 | 10.9% |
| 1975 | 19.9% |
| 1974 | 34.4% |
| 1973 | 12.1% |
| 1972 | 3.69% |
| 1971 | 3.64% |
| 1970 | 12.4% |
| 1969 | 4.22% |
| 1968 | 5.37% |
| 1967 | 0.95% |
Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).
GeoRank.org/economy/dominica | CC BY
Over the past 20 years, Dominica has had an average annual inflation rate of 1.81%. In 2024, inflation was 2.57%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Dominica
|
Rank | |
|---|---|---|
|
Current account balance
|
-$160M
2024 |
94/190 |
| Current account balance, % of GDP |
-23.2%
2024 |
184/190 |
| Goods imports |
$231M
2024 |
181/189 |
| Goods exports |
$22M
2024 |
185/189 |
| Service imports |
$157M
2024 |
180/189 |
| Service exports |
$191M
2024 |
166/189 |
| Exports of goods and services, % of GDP |
8.5%
2025 |
185/193 |
Dominica 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 |
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 |
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 | 56.1 | 124/197 |
| Property rights | 65.8 | 58/182 |
| Government integrity | 61.2 | 43/182 |
| Judicial effectiveness | 77.3 | 35/182 |
| Tax burden | 76.1 | 114/182 |
| Government spending | 0 | 174/180 |
| Fiscal health | 45.6 | 134/181 |
| Business freedom | 66.2 | 89/182 |
| Labor freedom | 49.8 | 138/182 |
| Monetary freedom | 77.7 | 39/180 |
| Trade freedom | 53.2 | 165/181 |
| Investment freedom | 60 | 67/181 |
| Financial freedom | 40 | 108/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 56.1 | 77.3 | 76.1 | 0 | 45.6 |
| 2025 | 55.3 | 82.9 | 76.1 | 0 | 26.4 |
| 2024 | 54 | 82.7 | 76.4 | 0 | 7.4 |
| 2023 | 59.7 | 57.9 | 76.4 | 3.1 | 56.7 |
| 2022 | 54.4 | 81.6 | 71.6 | 8.5 | 1.1 |
| 2021 | 53 | 66.3 | 70 | 7.4 | 6.1 |
| 2020 | 60.8 | 62.6 | 70.5 | 16 | 86.2 |
| 2019 | 63.6 | 63.8 | 72.1 | 53.5 | 84.7 |
| 2018 | 64.5 | 69.2 | 72.9 | 64.8 | 85.2 |
| 2017 | 63.7 | 67.7 | 73.2 | 67.5 | 72.6 |
| 2016 | 67 | - | 74 | 68.5 | - |
| 2015 | 66.1 | - | 73.6 | 61.5 | - |
| 2014 | 65.2 | - | 72.9 | 61.7 | - |
| 2013 | 63.9 | - | 72 | 50.1 | - |
| 2012 | 61.6 | - | 68.8 | 43.8 | - |
| 2011 | 63.3 | - | 69.5 | 45.8 | - |
| 2010 | 63.2 | - | 67.7 | 49.8 | - |
| 2009 | 62.6 | - | 67.4 | 52.2 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09).
GeoRank.org/economy/dominica | CC BY
Dominica is ranked 111/174 for economic freedom with a score of 56.1, compared to 68/177 and a score of 62.6 in 2009.
Other economic metrics
|
Dominica
|
Rank | |
|---|---|---|
| Services, % of GDP |
56.9%
2024 |
97/191 |
| Industry, % of GDP |
13.9%
2024 |
166/194 |
| Agriculture, forestry, and fishing, % of GDP |
12.2%
2024 |
61/193 |
|
GNI, Atlas method
|
$677M
2024 |
187/194 |
| GNI per capita, PPP |
$21,410
2024 |
86/191 |
| Total reserves including gold |
$156M
2024 |
172/177 |
|
Net foreign direct investment
|
-$36.4M
2024 |
62/189 |
|
Net inflows of foreign direct investment
|
$60M
2024 |
152/193 |
|
Net outflows of foreign direct investment
|
-$401K
2024 |
170/193 |
|
Servicing debt to the IMF, % of GNI
|
9.52%
2024 |
21/121 |
| Poverty at national poverty lines |
29%
2020 |
61/176 |
Compare Dominica vs other countries
GDP per capita map
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/dominica | CC BY
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Data sources:
- World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2023, retrieved 2026-02-08)
- Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
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.