Skip to content

Economy of Dominica vs Guatemala compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $113B for Guatemala, ranking 190/197 and 68/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Dominica vs Guatemala GDP by year

Dominica
Guatemala
1x
Year GDP, current $
Dominica Guatemala
2024 $688,881,481 $113,199,581,158
2023 $659,311,111 $104,368,755,055
2022 $623,062,963 $95,641,446,501
2021 $562,911,111 $86,455,522,273
2020 $528,944,444 $77,719,468,248
2019 $644,259,259 $77,172,331,693
2018 $628,244,444 $73,328,356,008
2017 $563,355,556 $71,653,780,740
2016 $612,711,111 $66,053,408,206
2015 $583,177,778 $62,186,066,548
2014 $572,255,556 $57,852,159,008
2013 $545,325,926 $52,996,420,177
2012 $520,355,556 $49,593,929,487
2011 $532,081,481 $46,876,006,272
2010 $519,859,259 $40,676,578,423
2009 $515,618,519 $37,126,148,265
2008 $480,003,704 $38,503,720,224
2007 $444,685,185 $33,567,850,824
2006 $416,674,074 $29,744,246,827
2005 $391,455,556 $26,783,389,294
2004 $396,711,111 $23,577,298,095
2003 $373,318,519 $21,576,351,799
2002 $375,200,000 $20,444,205,991
2001 $377,462,963 $18,405,220,247
2000 $333,470,370 $19,288,929,030
1999 $331,759,259 $18,318,412,251
1998 $322,411,111 $19,395,491,993
1997 $302,988,889 $17,790,026,222
1996 $292,285,185 $15,674,835,615
1995 $274,522,222 $14,655,404,433
1994 $264,374,074 $12,983,233,311
1993 $245,525,926 $11,400,017,301
1992 $234,059,259 $10,440,781,588
1991 $219,762,963 $9,406,135,143
1990 $201,429,630 $7,650,196,845
1989 $185,137,243 $8,410,724,361
1988 $171,106,184 $7,841,602,824
1987 $151,868,754 $7,084,399,840
1986 $135,161,959 $7,231,963,516
1985 $119,491,933 $9,721,652,087
1984 $109,157,071 $9,470,000,100
1983 $98,665,191 $9,050,000,400
1982 $89,527,577 $8,716,999,700
1981 $82,107,391 $8,607,500,300
1980 $72,804,653 $7,878,700,000
1979 $55,017,759 $6,902,600,200
1978 $57,130,216 $6,070,600,200
1977 $45,872,947 $5,480,500,200
1976 - $4,365,300,200
1975 - $3,645,900,000
1974 - $3,161,499,900
1973 - $2,569,200,100
1972 - $2,101,300,000
1971 - $1,984,800,000
1970 - $1,904,000,000
1969 - $1,715,399,900
1968 - $1,610,500,000
1967 - $1,453,500,000
1966 - $1,390,700,000
1965 - $1,331,399,900
1964 - $1,299,099,900
1963 - $1,262,800,000
1962 - $1,143,600,000
1961 - $1,076,699,900
1960 - $1,043,599,900

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

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

GDP per capita in Dominica vs Guatemala by year

Dominica
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $6,150 $14,369
2023 $9,913 $20,286 $5,758 $13,745
2022 $9,324 $18,802 $5,359 $13,014
2021 $8,376 $15,809 $4,913 $11,825
2020 $7,828 $14,244 $4,478 $10,947
2019 $9,491 $16,021 $4,512 $10,756
2018 $9,215 $15,070 $4,353 $9,947
2017 $8,225 $12,696 $4,325 $9,560
2016 $8,803 $12,945 $4,060 $9,201
2015 $8,283 $12,093 $3,894 $8,934
2014 $8,132 $12,083 $3,689 $8,237
2013 $7,822 $11,286 $3,444 $7,700
2012 $7,529 $10,921 $3,287 $7,258
2011 $7,705 $11,123 $3,169 $6,784
2010 $7,550 $10,924 $2,805 $6,510
2009 $7,487 $10,804 $2,612 $6,377
2008 $6,971 $10,862 $2,763 $6,435
2007 $6,459 $9,949 $2,459 $6,238
2006 $6,056 $9,200 $2,225 $5,833
2005 $5,695 $8,557 $2,046 $5,486
2004 $5,779 $8,232 $1,841 $5,263
2003 $5,447 $7,714 $1,723 $5,081
2002 $5,488 $7,167 $1,669 $4,969
2001 $5,528 $7,291 $1,538 $4,822
2000 $4,867 $7,111 $1,649 $4,715
1999 $4,817 $6,759 $1,604 $4,557
1998 $4,664 $6,617 $1,741 $4,437
1997 $4,372 $6,290 $1,638 $4,287
1996 $4,211 $6,041 $1,481 $4,143
1995 $3,952 $5,749 $1,421 $4,055
1994 $3,805 $5,465 $1,293 $3,886
1993 $3,536 $5,352 $1,166 $3,756
1992 $3,376 $5,125 $1,096 $3,626
1991 $3,171 $4,914 $1,014 $3,473
1990 $2,893 $4,667 $848 $3,330
1989 $2,639 - $958 -
1988 $2,423 - $919 -
1987 $2,138 - $854 -
1986 $1,893 - $896 -
1985 $1,666 - $1,238 -
1984 $1,515 - $1,241 -
1983 $1,363 - $1,220 -
1982 $1,232 - $1,204 -
1981 $1,125 - $1,216 -
1980 $996 - $1,142 -
1979 $754 - $1,026 -
1978 $786 - $925 -
1977 $634 - $856 -
1976 - - $697 -
1975 - - $595 -
1974 - - $529 -
1973 - - $441 -
1972 - - $370 -
1971 - - $358 -
1970 - - $353 -
1969 - - $326 -
1968 - - $315 -
1967 - - $291.9 -
1966 - - $287.3 -
1965 - - $283 -
1964 - - $284.2 -
1963 - - $284.4 -
1962 - - $265.2 -
1961 - - $257.2 -
1960 - - $256.8 -

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

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Guatemala ranks 116th at $14,369.

Economic indicators

Dominica Guatemala
Gross domestic product
$689M
2024
$113B
2024
GDP rank
190/197
2024
68/197
2024
GDP growth
2.05%
2023-2024
3.65%
2023-2024
GDP per capita
$10,405
2024
$6,150
2024
GDP per capita rank
84/197
2024
112/197
2024
GDP per capita, PPP
$21,301
2024
$14,369
2024
GDP per capita PPP rank
91/197
2024
116/197
2024
Government debt
$713M
2024
$29.8B
2024
Debt-to-GDP ratio
103.5%
2024
26.3%
2024
Government debt per person
$10,765
2024
$1,619
2024
Government debt per person rank
55/185
2024
124/185
2024
Average annual personal income after taxes
$6,045
2026
$4,917
2026
Income share by richest 10% n/a
34.1%
2023
Income share by poorest 10% n/a
1.6%
2023
Government expenditure, % of GDP
60.9%
2024
13.4%
2024
Consumer prices inflation
2.57%
2023-2024
2.87%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
11%
2001
1.9%
2024
Population
65539
19049936

Spending and national debt comparison by year

Dominica
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Dominica Guatemala
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 13.4% 26.3%
2023 66.8% 103.2% 13.7% 27.2%
2022 72.7% 108.3% 14.3% 29%
2021 70.1% 113.6% 13.5% 30.6%
2020 70.1% 118.2% 15.6% 31.5%
2019 44% 89.1% 13.4% 26.4%
2018 66.7% 90% 13.2% 26.4%
2017 55.7% 86.7% 12.8% 25.1%
2016 45.8% 72.9% 12.6% 24.9%
2015 33.5% 71.1% 12.6% 24.8%
2014 33.3% 73.5% 13.6% 24.7%
2013 34.2% 75.6% 14% 25%
2012 36.6% 74% 14.2% 24.6%
2011 34.7% 68.6% 14.5% 23.8%
2010 39.7% 67.3% 14.5% 24%
2009 36.1% 62.8% 14.1% 22.8%
2008 35.9% 66.5% 13.3% 19.6%
2007 35.6% 74.9% 13.9% 20.8%
2006 30.9% 80.4% 14.2% 20.9%
2005 32.1% 84.9% 13.2% 20%
2004 30.1% 85.8% 12.9% 20.6%
2003 31.2% 98.2% 14.4% 19.8%
2002 29% 99.4% 13.1% 17.4%
2001 29.3% 97.5% 13.8% 19.1%
2000 38.9% 69.6% 13.6% 18%
1999 35.3% 62% 14.6% 22%
1998 33.5% 57.1% 13.2% 19%
1997 29.1% 49.3% 11.2% 18.5%
1996 29% 54.7% 9.85% 19.2%
1995 29.7% 59.3% 9.77% 21%
1994 27.7% 57% - -
1993 26.1% 55.4% - -
1992 28% 55.3% - -
1991 29.9% 58.7% - -
1990 32.9% 56.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 26.3% in Guatemala, ranking 20/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Guatemala
1x
Year Deficit/surplus, % of GDP
Dominica Guatemala
2024 -2.28% -0.96%
2023 -4.66% -1.25%
2022 -7.49% -1.7%
2021 -8.61% -1.16%
2020 -7.91% -4.91%
2019 -7.95% -2.24%
2018 -18.1% -1.88%
2017 -3.37% -1.38%
2016 11% -1.11%
2015 11.8% -1.47%
2014 -5.65% -1.92%
2013 -2.95% -2.16%
2012 -5.48% -2.42%
2011 -4.34% -2.8%
2010 -3.41% -3.28%
2009 -0.31% -3.12%
2008 0.72% -1.57%
2007 1.88% -1.4%
2006 3.04% -1.88%
2005 0.98% -1.67%
2004 -0.67% -1.05%
2003 0.88% -2.47%
2002 -4.13% -1.03%
2001 -6.48% -2%
2000 -8.75% -1.88%
1999 -9.2% -2.96%
1998 -6.08% -2.29%
1997 -2.31% -0.79%
1996 -1.62% 0.04%
1995 -2.97% -0.53%
1994 -3.42% -
1993 -1.46% -
1992 -2.28% -
1991 -3.08% -
1990 -4.87% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Dominica's government deficit, the difference between spending and revenue, was $15.7M, equivalent to 2.28% of GDP. This compares to Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 30 years, Dominica recorded a fiscal deficit in 23 of those years, while Guatemala ran a deficit in 29 years. On average, Dominica posted an annual deficit equal to 3.15% of GDP, compared to deficit of 1.84% of GDP for Guatemala.

Inflation comparison by year

Inflation
Dominica

Guatemala
1x
Year Consumer prices inflation
Dominica Guatemala
2024 2.57% 2.87%
2023 5.09% 6.21%
2022 2.88% 6.89%
2021 2.23% 4.26%
2020 1.22% 3.21%
2019 1.5% 3.7%
2018 0.99% 3.75%
2017 0.3% 4.42%
2016 0.14% 4.45%
2015 -0.84% 2.39%
2014 0.8% 3.42%
2013 -0.05% 4.34%
2012 1.36% 3.78%
2011 1.13% 6.21%
2010 3% 3.86%
2009 0.006% 1.86%
2008 6.36% 11.4%
2007 3.63% 6.82%
2006 2.2% 6.56%
2005 1.68% 9.11%
2004 2.39% 7.58%
2003 1.45% 5.6%
2002 0.17% 8.13%
2001 1.3% 7.29%
2000 0.86% 5.98%
1999 1.18% 5.21%
1998 1% 6.61%
1997 2.44% 9.23%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 5.54% in Guatemala. In 2024, inflation was 2.57% in Dominica and 2.87% in Guatemala.

Top exports between countries

Dominica
Export category Export value
Guatemala
Export category Export value
Wood & paper products $104K
Textiles & consumer goods $65K
Raw materials & minerals $45K
Miscellaneous $21K
Processed food, beverages & tobacco $13K
Chemicals & pharma $10K
Machinery & equipment $9K
Metals $2K

Balance of trade

Dominica Guatemala
Current account balance
-$160M
2024
$3.27B
2024
Current account balance ranking
94/190
2024
38/190
2024
Current account balance, % of GDP
-23.2%
2024
+2.89%
2024
Goods imports
$231M
2024
$29.1B
2024
Goods exports
$22M
2024
$13.3B
2024
Service imports
$157M
2024
$6.45B
2024
Service exports
$191M
2024
$4.65B
2024
Imports of goods and services, % of GDP n/a
31.5%
2024
Exports of goods and services, % of GDP
8.5%
2025
15.9%
2024

Economic freedom indices

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

Dominica Guatemala
Economic freedom 56.1 63.5
Economic freedom ranking 124/197 79/197
Property rights 65.8 39.1
Government integrity 61.2 25.2
Judicial effectiveness 77.3 26.1
Tax burden 76.1 91.3
Government spending 0 94.3
Fiscal health 45.6 95.9
Business freedom 66.2 65.7
Labor freedom 49.8 52.5
Monetary freedom 77.7 77.3
Trade freedom 53.2 74.6
Investment freedom 60 70
Financial freedom 40 50

Economic freedom comparison by year

Dominica
Guatemala
1x
Year Economic freedom index
Dominica Guatemala
2026 56.1 63.5
2025 55.3 63.4
2024 54 62.4
2023 59.7 62.7
2022 54.4 63.2
2021 53 64
2020 60.8 64
2019 63.6 62.6
2018 64.5 63.4
2017 63.7 63
2016 67 61.8
2015 66.1 60.4
2014 65.2 61.2
2013 63.9 60
2012 61.6 60.9
2011 63.3 61.9
2010 63.2 61
2009 62.6 59.4
2008 - 59.8
2007 - 60.5
2006 - 59.1
2005 - 59.5
2004 - 59.6
2003 - 62.3
2002 - 62.3
2001 - 65.1
2000 - 64.3
1999 - 66.2
1998 - 65.8
1997 - 65.7
1996 - 63.7
1995 - 62

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 63.5 for Guatemala, ranking 79/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Guatemala
Services, % of GDP
56.9%
2024
61.8%
2024
Industry, % of GDP
13.9%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
9.78%
2024
GNI, Atlas method
$677M
2024
$106B
2024
GNI per capita, PPP
$21,410
2024
$14,170
2024
Total reserves including gold
$156M
2024
$24.4B
2024
Total reserves ranking
172/177
2024
57/177
2024
Net foreign direct investment
-$36.4M
2024
-$983M
2024
Net inflows of foreign direct investment
$60M
2024
$1.85B
2024
Net outflows of foreign direct investment
-$401K
2024
$865M
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
1.75%
2024
Poverty at national poverty lines
29%
2020
56%
2023
Gross capital formation, % of GDP n/a
16.7%
2024

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/dominica/guatemala | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

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 (1960–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  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.