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Economy of Dominica vs Estonia compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $47B for Estonia, ranking 190/197 and 101/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $11.4B (24.2% of GDP) in Estonia.

Dominica vs Estonia GDP by year

Dominica
Estonia
1x
Year GDP, current $
Dominica Estonia
2025 $723,859,259 $47,030,833,799
2024 $688,881,481 $43,130,419,829
2023 $659,311,111 $41,470,344,395
2022 $623,062,963 $38,226,641,740
2021 $562,911,111 $37,201,101,171
2020 $528,944,444 $31,820,771,494
2019 $644,259,259 $31,873,748,770
2018 $628,244,444 $31,222,632,741
2017 $563,355,556 $27,469,461,919
2016 $612,711,111 $24,561,027,788
2015 $583,177,778 $23,311,847,751
2014 $572,255,556 $27,055,689,003
2013 $545,325,926 $25,451,032,781
2012 $520,355,556 $23,237,406,116
2011 $532,081,481 $23,303,915,795
2010 $519,859,259 $19,524,355,419
2009 $515,618,519 $19,633,984,440
2008 $480,003,704 $24,342,935,404
2007 $444,685,185 $22,450,264,166
2006 $416,674,074 $17,025,671,810
2005 $391,455,556 $14,109,491,357
2004 $396,711,111 $12,148,595,031
2003 $373,318,519 $9,876,595,528
2002 $375,200,000 $7,370,119,619
2001 $377,462,963 $6,250,218,423
2000 $333,470,370 $5,686,579,748
1999 $331,759,259 $5,756,912,266
1998 $322,411,111 $5,674,080,543
1997 $302,988,889 $5,154,420,649
1996 $292,285,185 $4,786,018,988
1995 $274,522,222 $4,502,970,889
1994 $264,374,074 $4,123,011,420
1993 $245,525,926 $4,013,091,682
1992 $234,059,259 -
1991 $219,762,963 -
1990 $201,429,630 -
1989 $185,137,243 -
1988 $171,106,184 -
1987 $151,868,754 -
1986 $135,161,959 -
1985 $119,491,933 -
1984 $109,157,071 -
1983 $98,665,191 -
1982 $89,527,577 -
1981 $82,107,391 -
1980 $72,804,653 -
1979 $55,017,759 -
1978 $57,130,216 -
1977 $45,872,947 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Dominica vs Estonia by year

Dominica
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $34,418 -
2024 $10,405 $21,301 $31,428 $49,969
2023 $9,913 $20,286 $30,264 $48,637
2022 $9,324 $18,802 $28,340 $48,218
2021 $8,376 $15,809 $27,951 $44,252
2020 $7,828 $14,244 $23,934 $40,672
2019 $9,491 $16,021 $24,021 $40,586
2018 $9,215 $15,070 $23,618 $37,121
2017 $8,225 $12,696 $20,852 $34,507
2016 $8,803 $12,945 $18,666 $31,948
2015 $8,283 $12,093 $17,722 $29,713
2014 $8,132 $12,083 $20,582 $29,404
2013 $7,822 $11,286 $19,310 $27,831
2012 $7,529 $10,921 $17,568 $26,243
2011 $7,705 $11,123 $17,556 $24,652
2010 $7,550 $10,924 $14,664 $21,614
2009 $7,487 $10,804 $14,712 $20,489
2008 $6,971 $10,862 $18,206 $22,804
2007 $6,459 $9,949 $16,745 $22,201
2006 $6,056 $9,200 $12,641 $19,344
2005 $5,695 $8,557 $10,415 $16,638
2004 $5,779 $8,232 $8,916 $14,538
2003 $5,447 $7,714 $7,205 $13,135
2002 $5,488 $7,167 $5,343 $11,667
2001 $5,528 $7,291 $4,503 $10,309
2000 $4,867 $7,111 $4,071 $9,425
1999 $4,817 $6,759 $4,141 $8,412
1998 $4,664 $6,617 $4,093 $8,451
1997 $4,372 $6,290 $3,683 $7,980
1996 $4,211 $6,041 $3,381 $6,892
1995 $3,952 $5,749 $3,134 $6,480
1994 $3,805 $5,465 $2,819 $5,967
1993 $3,536 $5,352 $2,686 $5,814
1992 $3,376 $5,125 - $5,872
1991 $3,171 $4,914 - $7,151
1990 $2,893 $4,667 - $7,481
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 (1977–2025, retrieved 2026-07-08).

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $34,418 in Estonia, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Estonia ranks 45th at $49,969.

Economic indicators

Dominica Estonia
Gross domestic product
$724M
2025
$47B
2025
GDP rank
190/197
2025
101/197
2025
GDP growth
3.05%
2024-2025
0.58%
2024-2025
GDP per capita
$10,989
2025
$34,418
2025
GDP per capita rank
84/197
2025
37/197
2025
GDP per capita, PPP
$21,301
2024
$49,969
2024
GDP per capita PPP rank
91/197
2024
45/197
2024
Government debt
$743M
2025
$11.4B
2025
Debt-to-GDP ratio
102.6%
2025
24.2%
2025
Government debt per person
$11,275
2025
$8,325
2025
Government debt per person rank
54/185
2025
67/185
2025
Average annual personal income after taxes
$6,105
2026
$23,647
2026
Number of billionaires n/a
2
2026
Income share by richest 10% n/a
23.7%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
55.4%
2025
45.2%
2025
Consumer prices inflation
2.53%
2024-2025
4.83%
2024-2025
Unemployment rate
11%
2001
7.5%
2025
Population
65501
1347027

Spending and national debt comparison by year

Dominica
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Dominica Estonia
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 45.2% 24.2%
2024 67.4% 108.2% 43.6% 23.5%
2023 64.8% 101.3% 43.5% 20.2%
2022 69.7% 110% 40.1% 19.2%
2021 67% 116.3% 42.1% 18.4%
2020 66.8% 118.4% 44.7% 19.1%
2019 48.3% 97.8% 39.1% 9.05%
2018 63.4% 85.7% 38.8% 8.51%
2017 54% 84.2% 38.9% 9.43%
2016 48% 76.9% 38.9% 10.2%
2015 32.4% 68.2% 39.3% 10.8%
2014 32.7% 71.3% 37.6% 11.6%
2013 33.4% 73.9% 38.3% 11.4%
2012 36.2% 73.1% 39.4% 11.1%
2011 35.2% 69.7% 37.6% 7.6%
2010 39.4% 66.8% 40.7% 7.99%
2009 35.9% 62.5% 46.1% 7.98%
2008 34.7% 64.4% 39.5% 4.67%
2007 34.1% 71.8% 33.8% 3.91%
2006 29.7% 77.4% 33.5% 4.72%
2005 31% 82% 33.7% 4.73%
2004 30.2% 86.2% 34.1% 5.16%
2003 30.1% 94.9% 35% 5.6%
2002 28.6% 97.9% 35.9% 5.66%
2001 29.6% 98.5% 35.3% 4.93%
2000 38.5% 68.9% 36.4% 5.11%
1999 35.2% 61.8% 40.7% 5.93%
1998 33% 56.3% 38.9% 5.4%
1997 28.2% 47.7% 35.8% 6.03%
1996 28.5% 53.7% 38.6% 7.3%
1995 28.8% 57.4% 39.5% 8.66%
1994 27.2% 55.9% - -
1993 25.2% 53.4% - -
1992 27.4% 54% - -
1991 29% 56.9% - -
1990 31.5% 54.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Estonia spent $21.3B, or 45.2% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 24.2% in Estonia, ranking 20/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Estonia
1x
Year Deficit/surplus, % of GDP
Dominica Estonia
2025 -1.35% -1.33%
2024 -6.75% -1.54%
2023 -4.52% -3.07%
2022 -7.18% -1.08%
2021 -8.22% -2.57%
2020 -7.53% -5.42%
2019 -8.72% -0.11%
2018 -17.2% -1.15%
2017 -3.27% -1.07%
2016 11.6% -0.62%
2015 11.4% -0.24%
2014 -5.54% 0.42%
2013 -2.88% -0.66%
2012 -5.41% -0.86%
2011 -4.4% 0.09%
2010 -3.38% -1.09%
2009 -0.31% -3.43%
2008 0.7% -2.92%
2007 1.8% 2.5%
2006 2.93% 2.71%
2005 0.95% 1.07%
2004 -0.67% 2.29%
2003 0.85% 1.67%
2002 -4.07% 0.29%
2001 -6.54% 0.4%
2000 -8.66% -0.11%
1999 -9.18% -3.42%
1998 -5.99% 0.65%
1997 -2.24% 2.98%
1996 -1.59% -0.93%
1995 -2.88% -0.26%
1994 -3.35% -
1993 -1.41% -
1992 -2.22% -
1991 -2.99% -
1990 -4.66% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Dominica's government deficit, the difference between spending and revenue, was $9.76M, equivalent to 1.35% of GDP. This compares to Estonia's deficit of $626M, or 1.33% of GDP.

Over the past 31 years, Dominica recorded a fiscal deficit in 24 of those years, while Estonia ran a deficit in 20 years. On average, Dominica posted an annual deficit equal to 3.17% of GDP, compared to deficit of 0.54% of GDP for Estonia.

Inflation comparison by year

Inflation
Dominica

Estonia
1x
Year Consumer prices inflation
Dominica Estonia
2025 2.53% 4.83%
2024 2.74% 3.52%
2023 5.09% 9.16%
2022 2.88% 19.4%
2021 2.23% 4.65%
2020 1.22% -0.44%
2019 1.5% 2.28%
2018 0.99% 3.44%
2017 0.3% 3.42%
2016 0.14% 0.15%
2015 -0.84% -0.49%
2014 0.8% -0.11%
2013 -0.05% 2.78%
2012 1.36% 3.93%
2011 1.13% 4.98%
2010 3% 2.97%
2009 0.006% -0.08%
2008 6.36% 10.4%
2007 3.63% 6.6%
2006 2.2% 4.44%
2005 1.68% 4.08%
2004 2.39% 3.05%
2003 1.45% 1.33%
2002 0.17% 3.57%
2001 1.3% 5.75%
2000 0.86% 4.02%
1999 1.18% 3.3%
1998 1% 8.21%
1997 2.44% 10.6%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 4.47% in Estonia. In 2025, inflation was 2.53% in Dominica and 4.83% in Estonia.

Top exports between countries

Dominica
Export category Export value
Estonia
Export category Export value
Processed food, beverages & tobacco $39K
Machinery & equipment $29K
Raw materials & minerals $1K
Textiles & consumer goods $1K

Balance of trade

Dominica Estonia
Current account balance
-$275M
2025
-$70M
2025
Current account balance ranking
94/190
2025
79/190
2025
Current account balance, % of GDP
-38%
2025
-0.15%
2025
Goods imports
$275M
2025
$24.4B
2025
Goods exports
$29.8M
2025
$21.2B
2025
Service imports
$208M
2025
$12B
2025
Service exports
$181M
2025
$15.6B
2025
Imports of goods and services, % of GDP n/a
77.4%
2025
Exports of goods and services, % of GDP
8.5%
2026
78.4%
2025

Economic freedom indices

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

Dominica Estonia
Economic freedom 56.1 78.7
Economic freedom ranking 124/197 10/197
Property rights 65.8 93.6
Government integrity 61.2 86.3
Judicial effectiveness 77.3 92.4
Tax burden 76.1 77.9
Government spending 0 46
Fiscal health 45.6 93.1
Business freedom 66.2 82.8
Labor freedom 49.8 59
Monetary freedom 77.7 73.9
Trade freedom 53.2 79.4
Investment freedom 60 90
Financial freedom 40 70

Economic freedom comparison by year

Dominica
Estonia
1x
Year Economic freedom index
Dominica Estonia
2026 56.1 78.7
2025 55.3 78.9
2024 54 77.8
2023 59.7 78.6
2022 54.4 80
2021 53 78.2
2020 60.8 77.7
2019 63.6 76.6
2018 64.5 78.8
2017 63.7 79.1
2016 67 77.2
2015 66.1 76.8
2014 65.2 75.9
2013 63.9 75.3
2012 61.6 73.2
2011 63.3 75.2
2010 63.2 74.7
2009 62.6 76.4
2008 - 77.9
2007 - 78
2006 - 74.9
2005 - 75.2
2004 - 77.4
2003 - 77.7
2002 - 77.6
2001 - 76.1
2000 - 69.9
1999 - 73.8
1998 - 72.5
1997 - 69.1
1996 - 65.4
1995 - 65.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Estonia
Services, % of GDP
57.2%
2025
65.8%
2025
Industry, % of GDP
14.1%
2025
19.7%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
1.65%
2025
GNI, Atlas method
$704M
2025
$44.2B
2025
GNI per capita, PPP
$22,130
2025
$51,370
2025
Total reserves including gold
$165M
2025
$2.44B
2025
Total reserves ranking
172/177
2025
124/177
2025
Net foreign direct investment
-$49.5M
2025
$814M
2025
Net inflows of foreign direct investment
$60M
2024
-$3.44B
2024
Net outflows of foreign direct investment
-$401K
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
22.5%
2022
Gross capital formation, % of GDP n/a
24.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.