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Economy of Dominica vs Israel compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $611B for Israel, ranking 190/197 and 27/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $418B (68.5% of GDP) in Israel.

Dominica vs Israel GDP by year

Dominica
Israel
1x
Year GDP, current $
Dominica Israel
2025 $723,859,259 $610,777,842,874
2024 $688,881,481 $542,284,494,491
2023 $659,311,111 $513,393,395,492
2022 $623,062,963 $525,157,951,213
2021 $562,911,111 $489,735,019,666
2020 $528,944,444 $410,908,899,711
2019 $644,259,259 $399,207,771,082
2018 $628,244,444 $375,470,422,244
2017 $563,355,556 $357,360,816,857
2016 $612,711,111 $321,083,954,798
2015 $583,177,778 $302,841,190,258
2014 $572,255,556 $314,376,760,832
2013 $545,325,926 $298,045,324,736
2012 $520,355,556 $263,172,104,091
2011 $532,081,481 $267,739,352,609
2010 $519,859,259 $239,372,857,534
2009 $515,618,519 $213,112,649,594
2008 $480,003,704 $220,952,472,408
2007 $444,685,185 $184,448,882,452
2006 $416,674,074 $158,706,516,002
2005 $391,455,556 $147,346,035,831
2004 $396,711,111 $139,925,423,025
2003 $373,318,519 $131,278,887,815
2002 $375,200,000 $125,215,963,105
2001 $377,462,963 $134,889,159,474
2000 $333,470,370 $136,409,902,632
1999 $331,759,259 $121,329,240,042
1998 $322,411,111 $120,468,659,246
1997 $302,988,889 $119,389,303,067
1996 $292,285,185 $115,051,957,577
1995 $274,522,222 $105,432,315,611
1994 $264,374,074 $90,684,108,118
1993 $245,525,926 $79,806,598,120
1992 $234,059,259 $79,408,652,426
1991 $219,762,963 $70,954,941,681
1990 $201,429,630 $61,978,459,022
1989 $185,137,243 $52,411,116,588
1988 $171,106,184 $52,618,458,014
1987 $151,868,754 $43,022,977,765
1986 $135,161,959 $35,812,041,620
1985 $119,491,933 $28,887,898,639
1984 $109,157,071 $30,626,695,891
1983 $98,665,191 $32,655,591,256
1982 $89,527,577 $29,237,231,967
1981 $82,107,391 $26,865,420,933
1980 $72,804,653 $25,379,585,067
1979 $55,017,759 $22,595,788,591
1978 $57,130,216 $17,690,363,444
1977 $45,872,947 $18,245,847,441
1976 - $15,946,502,888
1975 - $16,131,806,290
1974 - $17,162,009,924
1973 - $11,895,229,181
1972 - $9,216,866,299
1971 - $7,048,191,876
1970 - $7,402,142,195
1969 - $6,293,966,357
1968 - $5,455,059,532
1967 - $4,759,447,914
1966 - $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

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

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

GDP per capita in Dominica vs Israel by year

Dominica
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $60,337 -
2024 $10,405 $21,301 $54,217 $57,236
2023 $9,913 $20,286 $52,126 $55,171
2022 $9,324 $18,802 $54,947 $53,619
2021 $8,376 $15,809 $52,258 $46,162
2020 $7,828 $14,244 $44,591 $40,955
2019 $9,491 $16,021 $44,092 $41,325
2018 $9,215 $15,070 $42,269 $40,190
2017 $8,225 $12,696 $41,013 $39,471
2016 $8,803 $12,945 $37,571 $38,189
2015 $8,283 $12,093 $36,138 $35,871
2014 $8,132 $12,083 $38,265 $34,816
2013 $7,822 $11,286 $36,981 $34,827
2012 $7,529 $10,921 $33,269 $32,484
2011 $7,705 $11,123 $34,477 $31,314
2010 $7,550 $10,924 $31,399 $29,456
2009 $7,487 $10,804 $28,470 $28,087
2008 $6,971 $10,862 $30,231 $28,084
2007 $6,459 $9,949 $25,689 $28,307
2006 $6,056 $9,200 $22,500 $26,385
2005 $5,695 $8,557 $21,262 $25,701
2004 $5,779 $8,232 $20,550 $26,078
2003 $5,447 $7,714 $19,624 $24,702
2002 $5,488 $7,167 $19,059 $26,101
2001 $5,528 $7,291 $20,949 $25,806
2000 $4,867 $7,111 $21,690 $25,766
1999 $4,817 $6,759 $19,809 $23,415
1998 $4,664 $6,617 $20,176 $22,927
1997 $4,372 $6,290 $20,457 $22,279
1996 $4,211 $6,041 $20,213 $21,672
1995 $3,952 $5,749 $19,014 $20,642
1994 $3,805 $5,465 $16,796 $19,478
1993 $3,536 $5,352 $15,169 $18,218
1992 $3,376 $5,125 $15,500 $17,553
1991 $3,171 $4,914 $14,337 $16,486
1990 $2,893 $4,667 $13,300 $15,721
1989 $2,639 - $11,601 -
1988 $2,423 - $11,846 -
1987 $2,138 - $9,847 -
1986 $1,893 - $8,330 -
1985 $1,666 - $6,824 -
1984 $1,515 - $7,364 -
1983 $1,363 - $7,955 -
1982 $1,232 - $7,253 -
1981 $1,125 - $6,791 -
1980 $996 - $6,545 -
1979 $754 - $5,968 -
1978 $786 - $4,794 -
1977 $634 - $5,050 -
1976 - - $4,514 -
1975 - - $4,669 -
1974 - - $5,082 -
1973 - - $3,629 -
1972 - - $2,928 -
1971 - - $2,297 -
1970 - - $2,489 -
1969 - - $2,188 -
1968 - - $1,946 -
1967 - - $1,734 -
1966 - - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Israel ranks 36th at $57,236.

Economic indicators

Dominica Israel
Gross domestic product
$724M
2025
$611B
2025
GDP rank
190/197
2025
27/197
2025
GDP growth
3.05%
2024-2025
2.93%
2024-2025
GDP per capita
$10,989
2025
$60,337
2025
GDP per capita rank
84/197
2025
19/197
2025
GDP per capita, PPP
$21,301
2024
$57,236
2024
GDP per capita PPP rank
91/197
2024
36/197
2024
Government debt
$743M
2025
$418B
2025
Debt-to-GDP ratio
102.6%
2025
68.5%
2025
Government debt per person
$11,275
2025
$41,338
2025
Government debt per person rank
54/185
2025
16/185
2025
Average annual personal income after taxes
$6,105
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10% n/a
27%
2022
Income share by poorest 10% n/a
1.8%
2022
Government expenditure, % of GDP
55.4%
2025
43.6%
2025
Consumer prices inflation
2.53%
2024-2025
3.04%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
11%
2001
3%
2025
Population
65501
10334048

Spending and national debt comparison by year

Dominica
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Dominica Israel
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 43.6% 68.5%
2024 67.4% 108.2% 43.7% 67.7%
2023 64.8% 101.3% 39.6% 61.3%
2022 69.7% 110% 36.9% 60.3%
2021 67% 116.3% 40.1% 67.7%
2020 66.8% 118.4% 44.8% 71.1%
2019 48.3% 97.8% 38.7% 59.3%
2018 63.4% 85.7% 39.2% 60.1%
2017 54% 84.2% 38.4% 59.8%
2016 48% 76.9% 37.9% 61.7%
2015 32.4% 68.2% 37.6% 62.8%
2014 32.7% 71.3% 38.3% 65.8%
2013 33.4% 73.9% 39.7% 66%
2012 36.2% 73.1% 39.6% 66.9%
2011 35.2% 69.7% 39.3% 67.2%
2010 39.4% 66.8% 39.7% 69%
2009 35.9% 62.5% 41.4% 72.6%
2008 34.7% 64.4% 41.2% 70.2%
2007 34.1% 71.8% 40.2% 70.8%
2006 29.7% 77.4% 41.6% 77.7%
2005 31% 82% 42.3% 85.2%
2004 30.2% 86.2% 43% 88.3%
2003 30.1% 94.9% 45.4% 89.7%
2002 28.6% 97.9% 50% 87.2%
2001 29.6% 98.5% 46.1% 81.1%
2000 38.5% 68.9% 43.4% 77.2%
1999 35.2% 61.8% 53.6% 94.8%
1998 33% 56.3% 55% 101%
1997 28.2% 47.7% 52.6% 99.3%
1996 28.5% 53.7% 53.2% 100.3%
1995 28.8% 57.4% 52.8% 102.3%
1994 27.2% 55.9% 41.7% 110.2%
1993 25.2% 53.4% 42.2% 118.3%
1992 27.4% 54% 44.1% 119.6%
1991 29% 56.9% 34.4% 123.7%
1990 31.5% 54.1% 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 68.5% in Israel, ranking 20/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Israel
1x
Year Deficit/surplus, % of GDP
Dominica Israel
2025 -1.35% -5.22%
2024 -6.75% -8.07%
2023 -4.52% -5.38%
2022 -7.18% 0.3%
2021 -8.22% -3.37%
2020 -7.53% -10.6%
2019 -8.72% -3.79%
2018 -17.2% -3.58%
2017 -3.27% -1.17%
2016 11.6% -1.78%
2015 11.4% -1.2%
2014 -5.54% -2.28%
2013 -2.88% -4.07%
2012 -5.41% -4.46%
2011 -4.4% -3.43%
2010 -3.38% -3.72%
2009 -0.31% -6.53%
2008 0.7% -3.49%
2007 1.8% -0.43%
2006 2.93% -0.94%
2005 0.95% -2.74%
2004 -0.67% -3.4%
2003 0.85% -5.03%
2002 -4.07% -8.21%
2001 -6.54% -4.06%
2000 -8.66% -0.8%
1999 -9.18% -6.26%
1998 -5.99% -7.99%
1997 -2.24% -4.84%
1996 -1.59% -5.97%
1995 -2.88% -4.28%
1994 -3.35% -5.62%
1993 -1.41% -5.62%
1992 -2.22% -8%
1991 -2.99% -7.04%
1990 -4.66% -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/dominica/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Israel ran a deficit in 35 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 4.52% of GDP for Israel.

Inflation comparison by year

Inflation
Dominica

Israel
1x
Year Consumer prices inflation
Dominica Israel
2025 2.53% 3.04%
2024 2.74% 3.07%
2023 5.09% 4.23%
2022 2.88% 4.41%
2021 2.23% 1.48%
2020 1.22% -0.58%
2019 1.5% 0.82%
2018 0.99% 0.81%
2017 0.3% 0.25%
2016 0.14% -0.54%
2015 -0.84% -0.62%
2014 0.8% 0.47%
2013 -0.05% 1.59%
2012 1.36% 1.68%
2011 1.13% 3.49%
2010 3% 2.7%
2009 0.006% 3.37%
2008 6.36% 4.53%
2007 3.63% 0.47%
2006 2.2% 2.05%
2005 1.68% 1.34%
2004 2.39% -0.42%
2003 1.45% 0.71%
2002 0.17% 5.8%
2001 1.3% 1.12%
2000 0.86% 1.03%
1999 1.18% 5.19%
1998 1% 5.49%
1997 2.44% 8.95%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 2.27% in Israel. In 2025, inflation was 2.53% in Dominica and 3.04% in Israel.

Top exports between countries

Dominica
Export category Export value
Machinery & equipment $10K
Israel
Export category Export value
Machinery & equipment $1.59M
Raw agricultural goods $107K
Textiles & consumer goods $20K
Chemicals & pharma $7K
Precious metals & jewellery $1K

Balance of trade

Dominica Israel
Current account balance
-$275M
2025
$8.53B
2025
Current account balance ranking
94/190
2025
26/190
2025
Current account balance, % of GDP
-38%
2025
+1.4%
2025
Goods imports
$275M
2025
$102B
2025
Goods exports
$29.8M
2025
$76.2B
2025
Service imports
$208M
2025
$53.2B
2025
Service exports
$181M
2025
$92.4B
2025
Imports of goods and services, % of GDP n/a
25.4%
2025
Exports of goods and services, % of GDP
8.5%
2026
27.6%
2025

Economic freedom indices

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

Dominica Israel
Economic freedom 56.1 68.4
Economic freedom ranking 124/197 47/197
Property rights 65.8 73.1
Government integrity 61.2 66.2
Judicial effectiveness 77.3 68.1
Tax burden 76.1 60.2
Government spending 0 52
Fiscal health 45.6 60.8
Business freedom 66.2 72.4
Labor freedom 49.8 56.8
Monetary freedom 77.7 78.2
Trade freedom 53.2 82.8
Investment freedom 60 70
Financial freedom 40 80

Economic freedom comparison by year

Dominica
Israel
1x
Year Economic freedom index
Dominica Israel
2026 56.1 68.4
2025 55.3 69.9
2024 54 70.1
2023 59.7 68.9
2022 54.4 68
2021 53 73.8
2020 60.8 74
2019 63.6 72.8
2018 64.5 72.2
2017 63.7 69.7
2016 67 70.7
2015 66.1 70.5
2014 65.2 68.4
2013 63.9 66.9
2012 61.6 67.8
2011 63.3 68.5
2010 63.2 67.7
2009 62.6 67.6
2008 - 66.3
2007 - 64.8
2006 - 64.4
2005 - 62.6
2004 - 61.4
2003 - 62.7
2002 - 66.9
2001 - 66.1
2000 - 65.5
1999 - 68.3
1998 - 68
1997 - 62.7
1996 - 62
1995 - 61.5

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Israel
Services, % of GDP
57.2%
2025
72.8%
2024
Industry, % of GDP
14.1%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
1.29%
2024
GNI, Atlas method
$704M
2025
$569B
2025
GNI per capita, PPP
$22,130
2025
$58,870
2025
Total reserves including gold
$165M
2025
$229B
2025
Total reserves ranking
172/177
2025
18/177
2025
Net foreign direct investment
-$49.5M
2025
-$11.8B
2025
Net inflows of foreign direct investment
$60M
2024
$14.8B
2024
Net outflows of foreign direct investment
-$401K
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
22%
2020
Gross capital formation, % of GDP n/a
24.3%
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/israel | 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 (1950–1999, 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 (2020–2024, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, 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.