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Economy of Dominica vs Ghana compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $114B for Ghana, ranking 190/197 and 69/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Dominica vs Ghana GDP by year

Dominica
Ghana
1x
Year GDP, current $
Dominica Ghana
2025 $723,859,259 $114,209,905,279
2024 $688,881,481 $83,288,585,604
2023 $659,311,111 $80,547,146,876
2022 $623,062,963 $73,919,003,212
2021 $562,911,111 $79,514,204,730
2020 $528,944,444 $70,008,243,860
2019 $644,259,259 $68,352,629,246
2018 $628,244,444 $67,259,353,966
2017 $563,355,556 $60,385,409,435
2016 $612,711,111 $56,144,179,398
2015 $583,177,778 $49,436,806,230
2014 $572,255,556 $54,678,533,806
2013 $545,325,926 $62,845,721,960
2012 $520,355,556 $41,271,701,061
2011 $532,081,481 $39,336,668,081
2010 $519,859,259 $32,197,655,567
2009 $515,618,519 $26,048,720,006
2008 $480,003,704 $28,679,383,241
2007 $444,685,185 $24,827,339,138
2006 $416,674,074 $20,885,037,597
2005 $391,455,556 $10,744,568,381
2004 $396,711,111 $8,881,417,907
2003 $373,318,519 $7,632,723,556
2002 $375,200,000 $6,166,197,848
2001 $377,462,963 $5,314,872,854
2000 $333,470,370 $4,982,850,662
1999 $331,759,259 $7,718,109,982
1998 $322,411,111 $7,482,069,162
1997 $302,988,889 $6,891,443,192
1996 $292,285,185 $6,932,991,739
1995 $274,522,222 $6,464,382,808
1994 $264,374,074 $5,446,383,727
1993 $245,525,926 $5,968,922,939
1992 $234,059,259 $6,416,103,926
1991 $219,762,963 $6,603,185,268
1990 $201,429,630 $5,889,106,573
1989 $185,137,243 $5,251,858,440
1988 $171,106,184 $5,197,765,032
1987 $151,868,754 $5,074,829,932
1986 $135,161,959 $5,735,677,434
1985 $119,491,933 $4,504,306,723
1984 $109,157,071 $4,412,279,843
1983 $98,665,191 $4,057,275,132
1982 $89,527,577 $4,035,994,398
1981 $82,107,391 $4,222,441,860
1980 $72,804,653 $4,445,228,216
1979 $55,017,759 $4,020,227,920
1978 $57,130,216 $3,662,478,185
1977 $45,872,947 $3,189,428,571
1976 - $2,765,254,237
1975 - $2,810,106,383
1974 - $2,894,409,938
1973 - $3,006,766,758
1972 - $2,112,293,280
1971 - $2,417,108,578
1970 - $2,215,028,588
1969 - $1,962,050,556
1968 - $1,666,909,518
1967 - $1,747,187,645
1966 - $2,126,300,672
1965 - $2,053,462,968
1964 - $1,731,296,200
1963 - $1,540,797,589
1962 - $1,382,515,654
1961 - $1,302,674,325
1960 - $1,217,230,095

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

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

GDP per capita in Dominica vs Ghana by year

Dominica
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $3,257 -
2024 $10,405 $21,301 $2,419 $8,020
2023 $9,913 $20,286 $2,384 $7,556
2022 $9,324 $18,802 $2,230 $7,208
2021 $8,376 $15,809 $2,445 $6,608
2020 $7,828 $14,244 $2,195 $6,047
2019 $9,491 $16,021 $2,187 $6,003
2018 $9,215 $15,070 $2,195 $5,536
2017 $8,225 $12,696 $2,012 $5,171
2016 $8,803 $12,945 $1,912 $5,011
2015 $8,283 $12,093 $1,723 $5,191
2014 $8,132 $12,083 $1,950 $5,517
2013 $7,822 $11,286 $2,295 $5,215
2012 $7,529 $10,921 $1,544 $4,934
2011 $7,705 $11,123 $1,507 $4,381
2010 $7,550 $10,924 $1,264 $3,855
2009 $7,487 $10,804 $1,048 $3,617
2008 $6,971 $10,862 $1,183 $3,516
2007 $6,459 $9,949 $1,050 $3,241
2006 $6,056 $9,200 $906 $3,103
2005 $5,695 $8,557 $479 $2,904
2004 $5,779 $8,232 $406 $2,729
2003 $5,447 $7,714 $358 $2,584
2002 $5,488 $7,167 $297.5 $2,475
2001 $5,528 $7,291 $263.5 $2,397
2000 $4,867 $7,111 $253.7 $2,315
1999 $4,817 $6,759 $403 $2,239
1998 $4,664 $6,617 $400 $2,167
1997 $4,372 $6,290 $378 $2,097
1996 $4,211 $6,041 $389 $2,026
1995 $3,952 $5,749 $372 $1,947
1994 $3,805 $5,465 $321 $1,875
1993 $3,536 $5,352 $360 $1,821
1992 $3,376 $5,125 $396 $1,739
1991 $3,171 $4,914 $418 $1,678
1990 $2,893 $4,667 $383 $1,581
1989 $2,639 - $350 -
1988 $2,423 - $355 -
1987 $2,138 - $355 -
1986 $1,893 - $411 -
1985 $1,666 - $330 -
1984 $1,515 - $330 -
1983 $1,363 - $311 -
1982 $1,232 - $319 -
1981 $1,125 - $344 -
1980 $996 - $372 -
1979 $754 - $347 -
1978 $786 - $326 -
1977 $634 - $292.3 -
1976 - - $261 -
1975 - - $273 -
1974 - - $289.4 -
1973 - - $310 -
1972 - - $223.8 -
1971 - - $263.4 -
1970 - - $248.2 -
1969 - - $225.8 -
1968 - - $196.7 -
1967 - - $211.2 -
1966 - - $263.3 -
1965 - - $260.5 -
1964 - - $225 -
1963 - - $205 -
1962 - - $188.4 -
1961 - - $181.9 -
1960 - - $174.9 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Ghana ranks 140th at $8,020.

Economic indicators

Dominica Ghana
Gross domestic product
$724M
2025
$114B
2025
GDP rank
190/197
2025
69/197
2025
GDP growth
3.05%
2024-2025
5.95%
2024-2025
GDP per capita
$10,989
2025
$3,257
2025
GDP per capita rank
84/197
2025
139/197
2025
GDP per capita, PPP
$21,301
2024
$8,020
2024
GDP per capita PPP rank
91/197
2024
140/197
2024
Government debt
$743M
2025
$55.8B
2025
Debt-to-GDP ratio
102.6%
2025
48.8%
2025
Government debt per person
$11,275
2025
$1,590
2025
Government debt per person rank
54/185
2025
128/185
2025
Average annual personal income after taxes
$6,105
2026
$2,135
2026
Market capitalization of domestic companies n/a
$16.4B
2025
Income share by richest 10% n/a
32.2%
2016
Income share by poorest 10% n/a
1.6%
2016
Government expenditure, % of GDP
55.4%
2025
17%
2025
Consumer prices inflation
2.53%
2024-2025
14.2%
2024-2025
Central bank interest rate n/a
14%
2026
Unemployment rate
11%
2001
3.97%
2024
Population
65501
36032857

Spending and national debt comparison by year

Dominica
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Dominica Ghana
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 17% 48.8%
2024 67.4% 108.2% 22% 70.3%
2023 64.8% 101.3% 18.5% 79.1%
2022 69.7% 110% 27.5% 92.7%
2021 67% 116.3% 27.2% 86.9%
2020 66.8% 118.4% 31.5% 79.1%
2019 48.3% 97.8% 22.5% 62.9%
2018 63.4% 85.7% 20.9% 62%
2017 54% 84.2% 17.6% 57%
2016 48% 76.9% 19.9% 55.9%
2015 32.4% 68.2% 18.6% 53.9%
2014 32.7% 71.3% 21% 50.1%
2013 33.4% 73.9% 21.6% 42.9%
2012 36.2% 73.1% 22.1% 35.5%
2011 35.2% 69.7% 19.5% 31.2%
2010 39.4% 66.8% 19% 32.9%
2009 35.9% 62.5% 16.6% 25.4%
2008 34.7% 64.4% 16.6% 23.2%
2007 34.1% 71.8% 16.8% 21.1%
2006 29.7% 77.4% 14.4% 17.3%
2005 31% 82% 12.9% 31.7%
2004 30.2% 86.2% 13.7% 38.4%
2003 30.1% 94.9% 12.1% 49.3%
2002 28.6% 97.9% 10.7% 54.1%
2001 29.6% 98.5% 13.8% 57.8%
2000 38.5% 68.9% 12% 74.5%
1999 35.2% 61.8% 11.1% 51.7%
1998 33% 56.3% 11.8% 37.6%
1997 28.2% 47.7% 12% 45.2%
1996 28.5% 53.7% 12.4% 42.9%
1995 28.8% 57.4% 13% 47.6%
1994 27.2% 55.9% 12.7% 50.6%
1993 25.2% 53.4% 12.1% 34.1%
1992 27.4% 54% 9.2% 21.3%
1991 29% 56.9% 7.09% 17.3%
1990 31.5% 54.1% 6.59% 17.8%
1989 - - 7.24% 23%
1988 - - 7.23% 23.5%
1987 - - 7.32% 26.8%
1986 - - 7.29% 18.2%
1985 - - 6.08% 14.4%
1984 - - 4.64% 13%
1983 - - 3.49% 9.21%
1982 - - 4.73% 8.51%
1981 - - 5.74% 8.77%
1980 - - 7.51% 9.75%
1979 - - 9.14% 11.5%
1978 - - 6.54% 11.4%
1977 - - 10.5% 20.7%
1976 - - 12.8% 26%
1975 - - 13.2% 21.8%
1974 - - 9.52% 21.8%
1973 - - 9.35% 25.4%
1972 - - 11.4% 29.8%
1971 - - 11.7% 29.5%
1970 - - 12.2% 31.9%
1969 - - 11.2% 31.4%
1968 - - 12.3% 34.5%
1967 - - 11.5% 33.9%
1966 - - 9.12% 29.8%
1965 - - 14.2% 30.2%
1964 - - 15.8% 30.8%
1963 - - 15.3% 30.5%
1962 - - 12.5% 11.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 48.8% in Ghana, ranking 20/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Ghana
1x
Year Deficit/surplus, % of GDP
Dominica Ghana
2025 -1.35% -1.35%
2024 -6.75% -6.23%
2023 -4.52% -3.37%
2022 -7.18% -11.8%
2021 -8.22% -12%
2020 -7.53% -17.4%
2019 -8.72% -7.52%
2018 -17.2% -6.79%
2017 -3.27% -3.97%
2016 11.6% -6.75%
2015 11.4% -4.01%
2014 -5.54% -7.81%
2013 -2.88% -9.12%
2012 -5.41% -8.36%
2011 -4.4% -5.47%
2010 -3.38% -7.13%
2009 -0.31% -5.05%
2008 0.7% -5.56%
2007 1.8% -4.91%
2006 2.93% -3.11%
2005 0.95% -1.87%
2004 -0.67% -2.02%
2003 0.85% -1.99%
2002 -4.07% -2.73%
2001 -6.54% -3.64%
2000 -8.66% -3.98%
1999 -9.18% -5.64%
1998 -5.99% -5.27%
1997 -2.24% -6.14%
1996 -1.59% -5.61%
1995 -2.88% -4.52%
1994 -3.35% -4.99%
1993 -1.41% -5.39%
1992 -2.22% -4.5%
1991 -2.99% -1.47%
1990 -4.66% -1.93%
1989 - -0.81%
1988 - -1.08%
1987 - -0.92%
1986 - -1.26%
1985 - -1.19%
1984 - -0.98%
1983 - -1.13%
1982 - -2.03%
1981 - -3.8%
1980 - -4.73%
1979 - -3.61%
1978 - -1.21%
1977 - -4.68%
1976 - -5.53%
1975 - -4.05%
1974 - -2.06%
1973 - -2.64%
1972 - -2.19%
1971 - 0.13%
1970 - -2.35%
1969 - -2.67%
1968 - -2.34%
1967 - -2.32%
1966 - -1.29%
1965 - -3.29%
1964 - -3.72%
1963 - -5.66%
1962 - -5.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/dominica/ghana | 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 Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Ghana ran a deficit in 36 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 5.54% of GDP for Ghana.

Inflation comparison by year

Inflation
Dominica

Ghana
1x
Year Consumer prices inflation
Dominica Ghana
2025 2.53% 14.2%
2024 2.74% 22.8%
2023 5.09% 38.1%
2022 2.88% 31.3%
2021 2.23% 9.97%
2020 1.22% 9.89%
2019 1.5% 7.14%
2018 0.99% 7.81%
2017 0.3% 12.4%
2016 0.14% 17.5%
2015 -0.84% 17.1%
2014 0.8% 15.5%
2013 -0.05% 11.7%
2012 1.36% 11.2%
2011 1.13% 8.73%
2010 3% 10.7%
2009 0.006% 19.2%
2008 6.36% 16.5%
2007 3.63% 10.7%
2006 2.2% 11.7%
2005 1.68% 15.4%
2004 2.39% 18%
2003 1.45% 29.8%
2002 0.17% 9.36%
2001 1.3% 41.5%
2000 0.86% 40.2%
1999 1.18% 4.87%
1998 1% 14.6%
1997 2.44% 27.9%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 17.4% in Ghana. In 2025, inflation was 2.53% in Dominica and 14.2% in Ghana.

Top exports between countries

Dominica
Export category Export value
Ghana
Export category Export value
Textiles & consumer goods $907K
Wood & paper products $81K
Raw agricultural goods $28K

Balance of trade

Dominica Ghana
Current account balance
-$275M
2025
$9.39B
2025
Current account balance ranking
94/190
2025
25/190
2025
Current account balance, % of GDP
-38%
2025
+8.22%
2025
Goods imports
$275M
2025
$17.5B
2025
Goods exports
$29.8M
2025
$31.2B
2025
Service imports
$208M
2025
$14.6B
2025
Service exports
$181M
2025
$10.1B
2025
Imports of goods and services, % of GDP n/a
33.9%
2024
Exports of goods and services, % of GDP
8.5%
2026
35.1%
2024

Economic freedom indices

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

Dominica Ghana
Economic freedom 56.1 57.3
Economic freedom ranking 124/197 118/197
Property rights 65.8 50.2
Government integrity 61.2 45.4
Judicial effectiveness 77.3 57.5
Tax burden 76.1 79.4
Government spending 0 84
Fiscal health 45.6 10.1
Business freedom 66.2 64.5
Labor freedom 49.8 54.9
Monetary freedom 77.7 56.7
Trade freedom 53.2 65.2
Investment freedom 60 60
Financial freedom 40 60

Economic freedom comparison by year

Dominica
Ghana
1x
Year Economic freedom index
Dominica Ghana
2026 56.1 57.3
2025 55.3 56
2024 54 55.8
2023 59.7 58
2022 54.4 59.8
2021 53 59.2
2020 60.8 59.4
2019 63.6 57.5
2018 64.5 56
2017 63.7 56.2
2016 67 63
2015 66.1 63
2014 65.2 64.2
2013 63.9 61.3
2012 61.6 60.7
2011 63.3 59.4
2010 63.2 60.2
2009 62.6 58.1
2008 - 57
2007 - 57.6
2006 - 55.6
2005 - 56.5
2004 - 59.1
2003 - 58.2
2002 - 57.2
2001 - 58
2000 - 58.1
1999 - 57.9
1998 - 57
1997 - 56.7
1996 - 57.7
1995 - 55.6

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Ghana
Services, % of GDP
57.2%
2025
42.9%
2025
Industry, % of GDP
14.1%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
21.3%
2025
GNI, Atlas method
$704M
2025
$92.3B
2025
GNI per capita, PPP
$22,130
2025
$8,080
2025
Total reserves including gold
$165M
2025
$4.47B
2024
Total reserves ranking
172/177
2025
108/177
2024
Net foreign direct investment
-$49.5M
2025
-$1.87B
2025
Net inflows of foreign direct investment
$60M
2024
$1.77B
2024
Net outflows of foreign direct investment
-$401K
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
3.5%
2024
Poverty at national poverty lines
29%
2020
23.4%
2016
Gross capital formation, % of GDP n/a
9.9%
2024

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/ghana | CC BY

Compare countries by 7 more topics

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Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1962–1989, 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 (2021–2024, 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)

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.