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Economy of Dominica vs Germany compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $5.05T for Germany, ranking 190/197 and 3/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $3.18T (62.9% of GDP) in Germany.

Dominica vs Germany GDP by year

Dominica
Germany
1x
Year GDP, current $
Dominica Germany
2025 $723,859,259 $5,050,922,925,047
2024 $688,881,481 $4,685,592,577,805
2023 $659,311,111 $4,562,207,532,490
2022 $623,062,963 $4,201,021,706,479
2021 $562,911,111 $4,355,251,953,411
2020 $528,944,444 $3,941,398,957,074
2019 $644,259,259 $3,959,894,794,039
2018 $628,244,444 $4,055,433,215,302
2017 $563,355,556 $3,765,351,626,106
2016 $612,711,111 $3,536,787,895,179
2015 $583,177,778 $3,425,099,578,746
2014 $572,255,556 $3,964,870,735,761
2013 $545,325,926 $3,807,023,797,051
2012 $520,355,556 $3,596,483,233,406
2011 $532,081,481 $3,823,575,803,794
2010 $519,859,259 $3,467,093,769,667
2009 $515,618,519 $3,478,545,516,684
2008 $480,003,704 $3,808,197,720,125
2007 $444,685,185 $3,484,056,680,855
2006 $416,674,074 $3,046,308,753,671
2005 $391,455,556 $2,893,393,187,362
2004 $396,711,111 $2,852,317,768,062
2003 $373,318,519 $2,534,715,518,349
2002 $375,200,000 $2,102,350,798,306
2001 $377,462,963 $1,966,381,496,642
2000 $333,470,370 $1,966,980,701,145
1999 $331,759,259 $2,213,873,468,587
1998 $322,411,111 $2,247,760,364,566
1997 $302,988,889 $2,218,790,886,533
1996 $292,285,185 $2,506,576,553,158
1995 $274,522,222 $2,593,053,091,306
1994 $264,374,074 $2,215,282,632,277
1993 $245,525,926 $2,078,954,217,438
1992 $234,059,259 $2,141,377,582,968
1991 $219,762,963 $1,875,792,575,133
1990 $201,429,630 $1,778,162,195,860
1989 $185,137,243 $1,404,092,925,205
1988 $171,106,184 $1,406,367,016,372
1987 $151,868,754 $1,302,932,318,825
1986 $135,161,959 $1,050,092,624,516
1985 $119,491,933 $735,218,723,093
1984 $109,157,071 $727,767,760,979
1983 $98,665,191 $773,507,930,295
1982 $89,527,577 $779,421,633,755
1981 $82,107,391 $803,404,797,058
1980 $72,804,653 $953,772,499,462
1979 $55,017,759 $884,574,218,333
1978 $57,130,216 $743,182,891,918
1977 $45,872,947 $602,698,323,086
1976 - $521,658,712,133
1975 - $492,434,094,920
1974 - $446,934,971,657
1973 - $399,833,571,167
1972 - $300,899,944,795
1971 - $250,900,942,397
1970 - $216,629,229,947
1969 - $177,733,486,326
1968 - $156,527,292,653
1967 - $145,100,667,773
1966 - $143,304,275,684
1965 - $134,774,688,191
1964 - $123,330,404,665
1963 - $112,232,503,744
1962 - $105,895,435,234
1961 - $96,558,204,043
1960 - $84,619,845,881

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Dominica vs Germany by year

Dominica
GDP per capita

GDP per capita, PPP
Germany
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Germany
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $60,496 -
2024 $10,405 $21,301 $56,104 $73,552
2023 $9,913 $20,286 $54,777 $71,684
2022 $9,324 $18,802 $50,507 $69,049
2021 $8,376 $15,809 $52,349 $62,531
2020 $7,828 $14,244 $47,395 $58,686
2019 $9,491 $16,021 $47,656 $59,271
2018 $9,215 $15,070 $48,916 $56,273
2017 $8,225 $12,696 $45,554 $54,110
2016 $8,803 $12,945 $42,949 $51,570
2015 $8,283 $12,093 $41,930 $48,545
2014 $8,132 $12,083 $48,960 $47,939
2013 $7,822 $11,286 $47,207 $45,889
2012 $7,529 $10,921 $44,718 $44,229
2011 $7,705 $11,123 $47,631 $43,398
2010 $7,550 $10,924 $42,397 $39,726
2009 $7,487 $10,804 $42,472 $37,574
2008 $6,971 $10,862 $46,379 $38,444
2007 $6,459 $9,949 $42,351 $36,914
2006 $6,056 $9,200 $36,980 $34,741
2005 $5,695 $8,557 $35,084 $32,314
2004 $5,779 $8,232 $34,567 $31,753
2003 $5,447 $7,714 $30,711 $30,301
2002 $5,488 $7,167 $25,487 $29,514
2001 $5,528 $7,291 $23,878 $28,674
2000 $4,867 $7,111 $23,926 $27,474
1999 $4,817 $6,759 $26,965 $26,518
1998 $4,664 $6,617 $27,396 $25,446
1997 $4,372 $6,290 $27,047 $24,649
1996 $4,211 $6,041 $30,600 $24,169
1995 $3,952 $5,749 $31,747 $23,631
1994 $3,805 $5,465 $27,202 $22,869
1993 $3,536 $5,352 $25,617 $21,900
1992 $3,376 $5,125 $26,560 $21,746
1991 $3,171 $4,914 $23,443 $21,001
1990 $2,893 $4,667 $22,386 $19,468
1989 $2,639 - $17,829 -
1988 $2,423 - $17,997 -
1987 $2,138 - $16,739 -
1986 $1,893 - $13,511 -
1985 $1,666 - $9,464 -
1984 $1,515 - $9,347 -
1983 $1,363 - $9,900 -
1982 $1,232 - $9,950 -
1981 $1,125 - $10,246 -
1980 $996 - $12,183 -
1979 $754 - $11,322 -
1978 $786 - $9,517 -
1977 $634 - $7,711 -
1976 - - $6,659 -
1975 - - $6,259 -
1974 - - $5,660 -
1973 - - $5,065 -
1972 - - $3,824 -
1971 - - $3,204 -
1970 - - $2,771 -
1969 - - $2,281 -
1968 - - $2,025 -
1967 - - $1,886 -
1966 - - $1,871 -
1965 - - $1,774 -
1964 - - $1,637 -
1963 - - $1,502 -
1962 - - $1,431 -
1961 - - $1,316 -
1960 - - $1,162 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $60,496 in Germany, ranking 18/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Germany ranks 20th at $73,552.

Economic indicators

Dominica Germany
Gross domestic product
$724M
2025
$5.05T
2025
GDP rank
190/197
2025
3/197
2025
GDP growth
3.05%
2024-2025
0.24%
2024-2025
GDP per capita
$10,989
2025
$60,496
2025
GDP per capita rank
84/197
2025
18/197
2025
GDP per capita, PPP
$21,301
2024
$73,552
2024
GDP per capita PPP rank
91/197
2024
20/197
2024
Government debt
$743M
2025
$3.18T
2025
Debt-to-GDP ratio
102.6%
2025
62.9%
2025
Government debt per person
$11,275
2025
$38,071
2025
Government debt per person rank
54/185
2025
21/185
2025
Average annual personal income after taxes
$6,105
2026
$40,352
2026
Market capitalization of domestic companies n/a
$2.9T
2025
Number of millionaires n/a
2,648,000
2026
Number of billionaires n/a
212
2026
Income share by richest 10% n/a
26.2%
2022
Income share by poorest 10% n/a
2.3%
2022
Government expenditure, % of GDP
55.4%
2025
50.5%
2025
Consumer prices inflation
2.53%
2024-2025
2.17%
2024-2025
Unemployment rate
11%
2001
3.8%
2025
Population
65501
82830814

Spending and national debt comparison by year

Dominica
Spending

Debt
Germany
Spending

Debt
1x
Year % of GDP
Dominica Germany
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 50.5% 62.9%
2024 67.4% 108.2% 49.4% 62.2%
2023 64.8% 101.3% 48.1% 62.3%
2022 69.7% 110% 48.6% 64.4%
2021 67% 116.3% 50.7% 67.9%
2020 66.8% 118.4% 51.1% 68%
2019 48.3% 97.8% 45.5% 58.7%
2018 63.4% 85.7% 44.7% 60.8%
2017 54% 84.2% 44.5% 64%
2016 48% 76.9% 44.7% 68.3%
2015 32.4% 68.2% 44.5% 71.2%
2014 32.7% 71.3% 44.5% 74.5%
2013 33.4% 73.9% 45.2% 77.5%
2012 36.2% 73.1% 45.1% 79.8%
2011 35.2% 69.7% 45.3% 78.5%
2010 39.4% 66.8% 48.1% 81%
2009 35.9% 62.5% 48.3% 72.4%
2008 34.7% 64.4% 44.4% 65.2%
2007 34.1% 71.8% 43.5% 63.7%
2006 29.7% 77.4% 45.3% 66.4%
2005 31% 82% 46.9% 67.1%
2004 30.2% 86.2% 47% 65%
2003 30.1% 94.9% 48.5% 63.3%
2002 28.6% 97.9% 48.2% 59.8%
2001 29.6% 98.5% 47.7% 58.1%
2000 38.5% 68.9% 48.1% 59.2%
1999 35.2% 61.8% 48.5% 60.3%
1998 33% 56.3% 48.3% 59.4%
1997 28.2% 47.7% 48.8% 58.8%
1996 28.5% 53.7% 49.6% 57.7%
1995 28.8% 57.4% 55.2% 54.9%
1994 27.2% 55.9% 48.3% 47.5%
1993 25.2% 53.4% 48.3% 45.1%
1992 27.4% 54% 47.4% 41.4%
1991 29% 56.9% 46.5% 39%
1990 31.5% 54.1% 44.7% 40.7%
1989 - - 44.3% 39.2%
1988 - - 45.6% 40.5%
1987 - - 46% 40.1%
1986 - - 45.7% 39.1%
1985 - - 46.6% 39.2%
1984 - - 47.2% 38.7%
1983 - - 47.9% 38%
1982 - - 49.1% 36.4%
1981 - - 49% 33.6%
1980 - - 48.2% 30.1%
1979 - - 47.4% 28.2%
1978 - - 47.7% 27.4%
1977 - - 49% 26%
1976 - - 49.4% 25.1%
1975 - - 50.3% 23.7%
1974 - - 46% 18.5%
1973 - - 42.4% 17.3%
1972 - - 41.8% 18%
1971 - - 40.9% 17.7%
1970 - - 39.5% 17.7%
1969 - - 29.7% 20.3%
1968 - - 28.5% 22.5%
1967 - - 28.8% 22.5%
1966 - - 28.3% 19.8%
1965 - - 28.4% 18.7%
1964 - - 29% 18.2%
1963 - - 29.1% 18.1%
1962 - - 29.2% 17.6%
1961 - - 28.8% 18.7%
1960 - - 22.9% 18.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Germany spent $2.55T, or 50.5% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 62.9% in Germany, ranking 20/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Germany
1x
Year Deficit/surplus, % of GDP
Dominica Germany
2025 -1.35% -2.67%
2024 -6.75% -2.66%
2023 -4.52% -2.49%
2022 -7.18% -1.91%
2021 -8.22% -3.17%
2020 -7.53% -4.38%
2019 -8.72% 1.33%
2018 -17.2% 1.88%
2017 -3.27% 1.34%
2016 11.6% 1.13%
2015 11.4% 0.91%
2014 -5.54% 0.73%
2013 -2.88% 0.12%
2012 -5.41% -0.05%
2011 -4.4% -0.84%
2010 -3.38% -4.42%
2009 -0.31% -3.18%
2008 0.7% -0.26%
2007 1.8% 0.15%
2006 2.93% -1.76%
2005 0.95% -3.37%
2004 -0.67% -3.42%
2003 0.85% -3.83%
2002 -4.07% -4.09%
2001 -6.54% -3.12%
2000 -8.66% -1.71%
1999 -9.18% -1.87%
1998 -5.99% -2.65%
1997 -2.24% -3.03%
1996 -1.59% -3.64%
1995 -2.88% -9.44%
1994 -3.35% -2.54%
1993 -1.41% -3.11%
1992 -2.22% -2.63%
1991 -2.99% -3.21%
1990 -4.66% -1.94%
1989 - 0.08%
1988 - -2.02%
1987 - -1.85%
1986 - -1.18%
1985 - -1.18%
1984 - -2.04%
1983 - -2.95%
1982 - -3.56%
1981 - -4.03%
1980 - -3.02%
1979 - -2.71%
1978 - -2.62%
1977 - -2.56%
1976 - -3.5%
1975 - -5.78%
1974 - -1.69%
1973 - 1.14%
1972 - -0.37%
1971 - 0.16%
1970 - 0.53%
1969 - -0.43%
1968 - 1.39%
1967 - 2.73%
1966 - 1.76%
1965 - 2.26%
1964 - 1.49%
1963 - 1.43%
1962 - 0.49%
1961 - -0.12%
1960 - -0.34%
1959 - 0.77%
1958 - 1.77%
1957 - 1.99%
1956 - 0.59%
1955 - -1.41%
1954 - -0.37%
1953 - -0.13%
1952 - 0%
1951 - 1.15%
1950 - 1.81%
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 - -0.64%
1933 - -0.43%
1932 - -1.11%
1931 - -1.03%
1930 - -1.52%
1929 - -0.9%
1928 - -1.47%
1927 - -0.44%
1926 - -1.3%
1925 - 0.34%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.007%
1912 - -0.26%
1911 - 0.06%
1910 - -0.21%
1909 - 0.11%
1908 - -0.11%
1907 - -0.14%
1906 - 0.76%
1905 - 1.21%
1904 - 0.41%
1903 - 0.88%
1902 - 0.08%
1901 - 0.91%
1900 - 0.27%
1899 - 0.6%
1898 - 0.47%
1897 - 0.39%
1896 - 0.63%
1895 - 0.47%
1894 - 0.44%
1893 - 0.42%
1892 - -0.24%
1891 - 1.18%
1890 - 0.12%
1889 - 1.16%
1888 - 0.62%
1887 - 0.88%
1886 - 0.23%
1885 - 0.21%
1884 - 0.23%
1883 - 0.55%
1882 - 0.41%
1881 - 0.12%
1880 - -0.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/germany | 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 Germany's deficit of $135B, or 2.67% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Germany ran a deficit in 28 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 2.05% of GDP for Germany.

Inflation comparison by year

Inflation
Dominica

Germany
1x
Year Consumer prices inflation
Dominica Germany
2025 2.53% 2.17%
2024 2.74% 2.26%
2023 5.09% 5.95%
2022 2.88% 6.87%
2021 2.23% 3.07%
2020 1.22% 0.14%
2019 1.5% 1.45%
2018 0.99% 1.73%
2017 0.3% 1.51%
2016 0.14% 0.49%
2015 -0.84% 0.51%
2014 0.8% 0.91%
2013 -0.05% 1.5%
2012 1.36% 2.01%
2011 1.13% 2.08%
2010 3% 1.1%
2009 0.006% 0.31%
2008 6.36% 2.63%
2007 3.63% 2.3%
2006 2.2% 1.58%
2005 1.68% 1.55%
2004 2.39% 1.67%
2003 1.45% 1.03%
2002 0.17% 1.42%
2001 1.3% 1.98%
2000 0.86% 1.44%
1999 1.18% 0.59%
1998 1% 0.91%
1997 2.44% 1.94%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 1.83% in Germany. In 2025, inflation was 2.53% in Dominica and 2.17% in Germany.

Top exports between countries

Dominica
Export category Export value
Machinery & equipment $2K
Germany
Export category Export value
Machinery & equipment $752K
Processed food, beverages & tobacco $169K
Raw agricultural goods $161K
Chemicals & pharma $110K
Animal & marine products $74K
Textiles & consumer goods $47K
Raw materials & minerals $38K
Metals $14K
Miscellaneous $11K
Wood & paper products $3K

Balance of trade

Dominica Germany
Current account balance
-$275M
2025
$228B
2025
Current account balance ranking
94/190
2025
2/190
2025
Current account balance, % of GDP
-38%
2025
+4.51%
2025
Goods imports
$275M
2025
$1.32T
2025
Goods exports
$29.8M
2025
$1.53T
2025
Service imports
$208M
2025
$602B
2025
Service exports
$181M
2025
$518B
2025
Imports of goods and services, % of GDP n/a
38.1%
2025
Exports of goods and services, % of GDP
8.5%
2026
40.4%
2025

Economic freedom indices

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

Dominica Germany
Economic freedom 56.1 71.7
Economic freedom ranking 124/197 30/197
Property rights 65.8 95.5
Government integrity 61.2 84.5
Judicial effectiveness 77.3 94.6
Tax burden 76.1 60.5
Government spending 0 28.8
Fiscal health 45.6 83.1
Business freedom 66.2 79.8
Labor freedom 49.8 52.2
Monetary freedom 77.7 72.5
Trade freedom 53.2 79.4
Investment freedom 60 60
Financial freedom 40 70

Economic freedom comparison by year

Dominica
Germany
1x
Year Economic freedom index
Dominica Germany
2026 56.1 71.7
2025 55.3 71.6
2024 54 72.1
2023 59.7 73.7
2022 54.4 76.1
2021 53 72.5
2020 60.8 73.5
2019 63.6 73.5
2018 64.5 74.2
2017 63.7 73.8
2016 67 74.4
2015 66.1 73.8
2014 65.2 73.4
2013 63.9 72.8
2012 61.6 71
2011 63.3 71.8
2010 63.2 71.1
2009 62.6 70.5
2008 - 70.6
2007 - 70.8
2006 - 70.8
2005 - 68.1
2004 - 69.5
2003 - 69.7
2002 - 70.4
2001 - 69.5
2000 - 65.7
1999 - 65.6
1998 - 64.3
1997 - 67.5
1996 - 69.1
1995 - 69.8

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 71.7 for Germany, ranking 30/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Germany
Services, % of GDP
57.2%
2025
64.5%
2025
Industry, % of GDP
14.1%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
0.87%
2025
GNI, Atlas method
$704M
2025
$5.03T
2025
GNI per capita, PPP
$22,130
2025
$78,140
2025
Total reserves including gold
$165M
2025
$572B
2025
Total reserves ranking
172/177
2025
7/177
2025
Net foreign direct investment
-$49.5M
2025
$12.9B
2025
Net inflows of foreign direct investment
$60M
2024
$62.6B
2024
Net outflows of foreign direct investment
-$401K
2024
$87B
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
14.8%
2021
Gross capital formation, % of GDP n/a
21.9%
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/germany | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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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.