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Economy of Dominica vs Guyana compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $24.7B for Guyana, ranking 190/197 and 120/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Dominica vs Guyana GDP by year

Dominica
Guyana
1x
Year GDP, current $
Dominica Guyana
2024 $688,881,481 $24,662,709,832
2023 $659,311,111 $16,918,503,597
2022 $623,062,963 $14,718,388,489
2021 $562,911,111 $8,041,362,110
2020 $528,944,444 $5,471,256,595
2019 $644,259,259 $5,173,760,192
2018 $628,244,444 $4,787,636,998
2017 $563,355,556 $4,748,174,334
2016 $612,711,111 $4,482,697,337
2015 $583,177,778 $4,279,840,194
2014 $572,255,556 $4,127,660,152
2013 $545,325,926 $4,167,800,929
2012 $520,355,556 $4,063,088,536
2011 $532,081,481 $3,691,384,318
2010 $519,859,259 $3,432,912,517
2009 $515,618,519 $3,165,663,153
2008 $480,003,704 $3,025,187,433
2007 $444,685,185 $2,730,971,595
2006 $416,674,074 $2,379,817,991
2005 $391,455,556 $824,880,550
2004 $396,711,111 $787,814,379
2003 $373,318,519 $743,063,950
2002 $375,200,000 $726,131,435
2001 $377,462,963 $712,167,450
2000 $333,470,370 $712,667,897
1999 $331,759,259 $694,754,988
1998 $322,411,111 $717,530,683
1997 $302,988,889 $749,138,010
1996 $292,285,185 $705,406,001
1995 $274,522,222 $621,626,786
1994 $264,374,074 $540,874,934
1993 $245,525,926 $454,101,382
1992 $234,059,259 $373,573,141
1991 $219,762,963 $348,533,095
1990 $201,429,630 $396,582,263
1989 $185,137,243 $379,779,390
1988 $171,106,184 $413,799,990
1987 $151,868,754 $354,591,847
1986 $135,161,959 $504,651,140
1985 $119,491,933 $453,488,372
1984 $109,157,071 $437,631,605
1983 $98,665,191 $489,333,333
1982 $89,527,577 $482,000,000
1981 $82,107,391 $570,357,107
1980 $72,804,653 $603,200,000
1979 $55,017,759 $530,440,000
1978 $57,130,216 $507,080,000
1977 $45,872,947 $449,880,000
1976 - $454,440,000
1975 - $494,791,667
1974 - $433,954,545
1973 - $307,047,619
1972 - $285,380,952
1971 - $282,050,000
1970 - $267,800,000
1969 - $249,300,000
1968 - $229,750,000
1967 - $250,176,471
1966 - $228,705,882
1965 - $213,235,294
1964 - $194,774,513
1963 - $175,757,894
1962 - $194,949,513
1961 - $185,849,535
1960 - $170,216,241

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

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

GDP per capita in Dominica vs Guyana by year

Dominica
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $29,675 $80,155
2023 $9,913 $20,286 $20,474 $54,729
2022 $9,324 $18,802 $17,913 $39,711
2021 $8,376 $15,809 $9,861 $22,866
2020 $7,828 $14,244 $6,776 $16,819
2019 $9,491 $16,021 $6,406 $13,241
2018 $9,215 $15,070 $6,048 $12,443
2017 $8,225 $12,696 $6,179 $12,243
2016 $8,803 $12,945 $5,871 $11,516
2015 $8,283 $12,093 $5,640 $11,408
2014 $8,132 $12,083 $5,473 $11,145
2013 $7,822 $11,286 $5,557 $11,200
2012 $7,529 $10,921 $5,444 $10,627
2011 $7,705 $11,123 $4,947 $10,066
2010 $7,550 $10,924 $4,582 $9,337
2009 $7,487 $10,804 $4,209 $8,824
2008 $6,971 $10,862 $4,009 $8,437
2007 $6,459 $9,949 $3,608 $8,110
2006 $6,056 $9,200 $3,136 $7,346
2005 $5,695 $8,557 $1,084 $6,761
2004 $5,779 $8,232 $1,033 $6,673
2003 $5,447 $7,714 $974 $6,392
2002 $5,488 $7,167 $951 $6,304
2001 $5,528 $7,291 $932 $6,131
2000 $4,867 $7,111 $932 $5,860
1999 $4,817 $6,759 $909 $5,812
1998 $4,664 $6,617 $940 $5,573
1997 $4,372 $6,290 $983 $5,615
1996 $4,211 $6,041 $928 $5,210
1995 $3,952 $5,749 $820 $4,753
1994 $3,805 $5,465 $716 $4,447
1993 $3,536 $5,352 $603 $4,027
1992 $3,376 $5,125 $498 $3,651
1991 $3,171 $4,914 $466 $3,322
1990 $2,893 $4,667 $529 $3,022
1989 $2,639 - $503 -
1988 $2,423 - $545 -
1987 $2,138 - $464 -
1986 $1,893 - $657 -
1985 $1,666 - $588 -
1984 $1,515 - $565 -
1983 $1,363 - $631 -
1982 $1,232 - $621 -
1981 $1,125 - $735 -
1980 $996 - $779 -
1979 $754 - $689 -
1978 $786 - $663 -
1977 $634 - $593 -
1976 - - $604 -
1975 - - $664 -
1974 - - $588 -
1973 - - $421 -
1972 - - $395 -
1971 - - $396 -
1970 - - $381 -
1969 - - $361 -
1968 - - $340 -
1967 - - $378 -
1966 - - $353 -
1965 - - $336 -
1964 - - $313 -
1963 - - $288.8 -
1962 - - $327 -
1961 - - $319 -
1960 - - $299.1 -

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

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Guyana ranks 15th at $80,155.

Economic indicators

Dominica Guyana
Gross domestic product
$689M
2024
$24.7B
2024
GDP rank
190/197
2024
120/197
2024
GDP growth
2.05%
2023-2024
43.8%
2023-2024
GDP per capita
$10,405
2024
$29,675
2024
GDP per capita rank
84/197
2024
41/197
2024
GDP per capita, PPP
$21,301
2024
$80,155
2024
GDP per capita PPP rank
91/197
2024
15/197
2024
Government debt
$713M
2024
$5.99B
2024
Debt-to-GDP ratio
103.5%
2024
24.3%
2024
Government debt per person
$10,765
2024
$7,213
2024
Government debt per person rank
55/185
2024
66/185
2024
Average annual personal income after taxes
$6,045
2026
$13,212
2026
Income share by richest 10% n/a
34.4%
1998
Income share by poorest 10% n/a
1.1%
1998
Government expenditure, % of GDP
60.9%
2024
23.2%
2024
Consumer prices inflation
2.57%
2023-2024
2.5%
2023-2024
Unemployment rate
11%
2001
13.2%
2019
Population
65539
842249

Spending and national debt comparison by year

Dominica
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Dominica Guyana
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 23.2% 24.3%
2023 66.8% 103.2% 23.7% 26.7%
2022 72.7% 108.3% 20.3% 24.8%
2021 70.1% 113.6% 24.8% 45.7%
2020 70.1% 118.2% 30.5% 59.5%
2019 44% 89.1% 28.1% 54%
2018 66.7% 90% 27.6% 47.9%
2017 55.7% 86.7% 26.3% 46.1%
2016 45.8% 72.9% 25.2% 44%
2015 33.5% 71.1% 21.7% 42.2%
2014 33.3% 73.5% 23.1% 38.7%
2013 34.2% 75.6% 21.4% 41.4%
2012 36.6% 74% 21.8% 44.7%
2011 34.7% 68.6% 23.5% 51.7%
2010 39.7% 67.3% 23.9% 53.1%
2009 36.1% 62.8% 25.4% 52.3%
2008 35.9% 66.5% 24.1% 48.2%
2007 35.6% 74.9% 25.5% 47.7%
2006 30.9% 80.4% 29% 74.5%
2005 32.1% 84.9% 28.4% 90.7%
2004 30.1% 85.8% 23.7% 91.8%
2003 31.2% 98.2% 23.5% 95.6%
2002 29% 99.4% 23.1% 105.1%
2001 29.3% 97.5% 24% 104.6%
2000 38.9% 69.6% 22.9% 97.2%
1999 35.3% 62% 17.6% 97.1%
1998 33.5% 57.1% 19.7% 108%
1997 29.1% 49.3% 20.9% 101.3%
1996 29% 54.7% - -
1995 29.7% 59.3% - -
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).

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 24.3% in Guyana, ranking 20/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Guyana
1x
Year Deficit/surplus, % of GDP
Dominica Guyana
2024 -2.28% -7.31%
2023 -4.66% -5.78%
2022 -7.49% -5.11%
2021 -8.61% -6.94%
2020 -7.91% -7.78%
2019 -7.95% -2.52%
2018 -18.1% -2.52%
2017 -3.37% -3.14%
2016 11% -3.21%
2015 11.8% -0.75%
2014 -5.65% -3.88%
2013 -2.95% -2.16%
2012 -5.48% -3.11%
2011 -4.34% -2.13%
2010 -3.41% -1.88%
2009 -0.31% -2.5%
2008 0.72% -2.78%
2007 1.88% -3.35%
2006 3.04% -6.16%
2005 0.98% -6.54%
2004 -0.67% -2.88%
2003 0.88% -4.81%
2002 -4.13% -2.42%
2001 -6.48% -3.71%
2000 -8.75% -2.27%
1999 -9.2% -0.47%
1998 -6.08% -2.67%
1997 -2.31% -1.7%
1996 -1.62% -
1995 -2.97% -
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/guyana | 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 Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Dominica recorded a fiscal deficit in 21 of those years, while Guyana ran a deficit in 28 years. On average, Dominica posted an annual deficit equal to 3.21% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Dominica

Guyana
1x
Year Consumer prices inflation
Dominica Guyana
2024 2.57% 2.5%
2023 5.09% 4.5%
2022 2.88% 6.5%
2021 2.23% 3.3%
2020 1.22% 1.2%
2019 1.5% 2.1%
2018 0.99% 1.3%
2017 0.3% 1.9%
2016 0.14% 0.8%
2015 -0.84% -0.9%
2014 0.8% 0.7%
2013 -0.05% 1.9%
2012 1.36% 2.4%
2011 1.13% 4.4%
2010 3% 4.3%
2009 0.006% 3%
2008 6.36% 8.1%
2007 3.63% 12.2%
2006 2.2% 6.7%
2005 1.68% 6.9%
2004 2.39% 4.7%
2003 1.45% 6%
2002 0.17% 5.4%
2001 1.3% 2.6%
2000 0.86% 6.1%
1999 1.18% 7.5%
1998 1% 4.6%
1997 2.44% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 4.08% in Guyana. In 2024, inflation was 2.57% in Dominica and 2.5% in Guyana.

Top exports between countries

Dominica
Export category Export value
Chemicals & pharma $766K
Machinery & equipment $318K
Raw materials & minerals $74K
Metals $15K
Guyana
Export category Export value
Raw agricultural goods $19.1M
Processed food, beverages & tobacco $493K
Machinery & equipment $265K
Chemicals & pharma $148K
Wood & paper products $147K
Metals $30K
Textiles & consumer goods $30K
Raw materials & minerals $4K
Miscellaneous $1K

Balance of trade

Dominica Guyana
Current account balance
-$160M
2024
$2.35B
2023
Current account balance ranking
94/190
2024
43/190
2023
Current account balance, % of GDP
-23.2%
2024
+13.9%
2023
Goods imports
$231M
2024
$6B
2023
Goods exports
$22M
2024
$13.2B
2023
Service imports
$157M
2024
$4.95B
2023
Service exports
$191M
2024
$529M
2023
Imports of goods and services, % of GDP n/a
109.7%
2005
Exports of goods and services, % of GDP
8.5%
2025
84.6%
2005

Economic freedom indices

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

Dominica Guyana
Economic freedom 56.1 58.7
Economic freedom ranking 124/197 109/197
Property rights 65.8 46.7
Government integrity 61.2 38.8
Judicial effectiveness 77.3 48.6
Tax burden 76.1 76.4
Government spending 0 85
Fiscal health 45.6 39.9
Business freedom 66.2 70.9
Labor freedom 49.8 76
Monetary freedom 77.7 78.5
Trade freedom 53.2 59.2
Investment freedom 60 55
Financial freedom 40 30

Economic freedom comparison by year

Dominica
Guyana
1x
Year Economic freedom index
Dominica Guyana
2026 56.1 58.7
2025 55.3 58.2
2024 54 57.3
2023 59.7 56.9
2022 54.4 59.5
2021 53 57.4
2020 60.8 56.2
2019 63.6 56.8
2018 64.5 58.7
2017 63.7 58.5
2016 67 55.4
2015 66.1 55.5
2014 65.2 55.7
2013 63.9 53.8
2012 61.6 51.3
2011 63.3 49.4
2010 63.2 48.4
2009 62.6 48.4
2008 - 48.8
2007 - 53.7
2006 - 56.6
2005 - 56.5
2004 - 53
2003 - 50.3
2002 - 54.3
2001 - 53.3
2000 - 52.4
1999 - 53.3
1998 - 52.7
1997 - 53.2
1996 - 50.1
1995 - 45.7

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Guyana
Services, % of GDP
56.9%
2024
14.5%
2024
Industry, % of GDP
13.9%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
7.62%
2024
GNI, Atlas method
$677M
2024
$16.7B
2024
GNI per capita, PPP
$21,410
2024
$52,290
2024
Total reserves including gold
$156M
2024
$1.01B
2024
Total reserves ranking
172/177
2024
141/177
2024
Net foreign direct investment
-$36.4M
2024
$1.14B
2023
Net inflows of foreign direct investment
$60M
2024
$8.63B
2024
Net outflows of foreign direct investment
-$401K
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
3.73%
2024
Poverty at national poverty lines
29%
2020
35%
2020
Gross capital formation, % of GDP n/a
32.3%
2005

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/guyana | CC BY

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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 (2021–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.