Skip to content

Economy of Dominica vs Jamaica compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $22.7B for Jamaica, ranking 190/197 and 125/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $15.4B (67.7% of GDP) in Jamaica.

Dominica vs Jamaica GDP by year

Dominica
Jamaica
1x
Year GDP, current $
Dominica Jamaica
2025 $723,859,259 $22,704,903,218
2024 $688,881,481 $22,014,429,051
2023 $659,311,111 $21,418,797,833
2022 $623,062,963 $18,813,516,805
2021 $562,911,111 $15,963,885,376
2020 $528,944,444 $15,000,214,216
2019 $644,259,259 $17,026,269,263
2018 $628,244,444 $16,855,447,986
2017 $563,355,556 $15,783,583,237
2016 $612,711,111 $14,898,999,754
2015 $583,177,778 $14,963,589,916
2014 $572,255,556 $13,899,217,680
2013 $545,325,926 $14,264,205,153
2012 $520,355,556 $14,807,086,556
2011 $532,081,481 $14,444,661,522
2010 $519,859,259 $13,220,549,908
2009 $515,618,519 $12,120,458,115
2008 $480,003,704 $13,709,401,520
2007 $444,685,185 $12,799,600,047
2006 $416,674,074 $11,930,179,090
2005 $391,455,556 $11,243,865,778
2004 $396,711,111 $10,174,664,854
2003 $373,318,519 $9,430,234,811
2002 $375,200,000 $9,719,009,495
2001 $377,462,963 $9,194,727,831
2000 $333,470,370 $9,005,064,475
1999 $331,759,259 $8,887,057,997
1998 $322,411,111 $8,787,195,622
1997 $302,988,889 $8,400,041,724
1996 $292,285,185 $7,393,891,921
1995 $274,522,222 $6,577,520,643
1994 $264,374,074 $5,452,558,947
1993 $245,525,926 $5,440,075,676
1992 $234,059,259 $3,535,460,090
1991 $219,762,963 $4,106,207,649
1990 $201,429,630 $4,592,208,087
1989 $185,137,243 $4,404,937,853
1988 $171,106,184 $3,828,342,820
1987 $151,868,754 $3,287,007,322
1986 $135,161,959 $2,754,549,582
1985 $119,491,933 $2,100,239,019
1984 $109,157,071 $2,373,564,549
1983 $98,665,191 $3,619,262,277
1982 $89,527,577 $3,293,496,312
1981 $82,107,391 $2,979,027,966
1980 $72,804,653 $2,679,379,372
1979 $55,017,759 $2,425,064,229
1978 $57,130,216 $2,644,527,822
1977 $45,872,947 $3,249,733,140
1976 - $2,966,042,856
1975 - $2,860,442,750
1974 - $2,375,122,375
1973 - $1,905,917,553
1972 - $1,875,146,587
1971 - $1,539,861,816
1970 - $1,404,720,442
1969 - $1,191,239,047
1968 - $1,083,839,133
1967 - $1,148,014,311
1966 - $1,096,759,561
1965 - $972,159,611
1964 - $897,949,001
1963 - $826,706,669
1962 - $777,727,689
1961 - $748,043,501
1960 - $699,064,380

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

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

GDP per capita in Dominica vs Jamaica by year

Dominica
GDP per capita

GDP per capita, PPP
Jamaica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Jamaica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $8,003 -
2024 $10,405 $21,301 $7,754 $12,890
2023 $9,913 $20,286 $7,542 $12,651
2022 $9,324 $18,802 $6,626 $11,888
2021 $8,376 $15,809 $5,626 $10,431
2020 $7,828 $14,244 $5,299 $9,764
2019 $9,491 $16,021 $6,031 $10,845
2018 $9,215 $15,070 $5,977 $10,753
2017 $8,225 $12,696 $5,605 $10,466
2016 $8,803 $12,945 $5,302 $9,948
2015 $8,283 $12,093 $5,339 $9,476
2014 $8,132 $12,083 $4,975 $9,210
2013 $7,822 $11,286 $5,124 $9,101
2012 $7,529 $10,921 $5,341 $8,831
2011 $7,705 $11,123 $5,233 $8,809
2010 $7,550 $10,924 $4,810 $8,521
2009 $7,487 $10,804 $4,428 $8,580
2008 $6,971 $10,862 $5,030 $8,952
2007 $6,459 $9,949 $4,716 $8,893
2006 $6,056 $9,200 $4,417 $8,577
2005 $5,695 $8,557 $4,184 $8,127
2004 $5,779 $8,232 $3,808 $7,854
2003 $5,447 $7,714 $3,550 $7,593
2002 $5,488 $7,167 $3,681 $7,226
2001 $5,528 $7,291 $3,504 $7,019
2000 $4,867 $7,111 $3,453 $6,816
1999 $4,817 $6,759 $3,432 $6,653
1998 $4,664 $6,617 $3,419 $6,543
1997 $4,372 $6,290 $3,297 $6,682
1996 $4,211 $6,041 $2,929 $6,706
1995 $3,952 $5,749 $2,631 $6,657
1994 $3,805 $5,465 $2,203 $6,435
1993 $3,536 $5,352 $2,221 $6,279
1992 $3,376 $5,125 $1,458 $5,664
1991 $3,171 $4,914 $1,710 $5,485
1990 $2,893 $4,667 $1,930 $5,106
1989 $2,639 - $1,865 -
1988 $2,423 - $1,632 -
1987 $2,138 - $1,411 -
1986 $1,893 - $1,191 -
1985 $1,666 - $917 -
1984 $1,515 - $1,048 -
1983 $1,363 - $1,619 -
1982 $1,232 - $1,494 -
1981 $1,125 - $1,370 -
1980 $996 - $1,249 -
1979 $754 - $1,144 -
1978 $786 - $1,262 -
1977 $634 - $1,569 -
1976 - - $1,450 -
1975 - - $1,417 -
1974 - - $1,193 -
1973 - - $972 -
1972 - - $971 -
1971 - - $809 -
1970 - - $748 -
1969 - - $642 -
1968 - - $591 -
1967 - - $633 -
1966 - - $612 -
1965 - - $549 -
1964 - - $514 -
1963 - - $480 -
1962 - - $458 -
1961 - - $447 -
1960 - - $424 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $8,003 in Jamaica, ranking 98/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Jamaica ranks 121st at $12,890.

Economic indicators

Dominica Jamaica
Gross domestic product
$724M
2025
$22.7B
2025
GDP rank
190/197
2025
125/197
2025
GDP growth
3.05%
2024-2025
0.08%
2024-2025
GDP per capita
$10,989
2025
$8,003
2025
GDP per capita rank
84/197
2025
98/197
2025
GDP per capita, PPP
$21,301
2024
$12,890
2024
GDP per capita PPP rank
91/197
2024
121/197
2024
Government debt
$743M
2025
$15.4B
2025
Debt-to-GDP ratio
102.6%
2025
67.7%
2025
Government debt per person
$11,275
2025
$5,419
2025
Government debt per person rank
54/185
2025
80/185
2025
Average annual personal income after taxes
$6,105
2026
$8,390
2026
Market capitalization of domestic companies n/a
$11.6B
2025
Income share by richest 10% n/a
29.6%
2021
Income share by poorest 10% n/a
2.2%
2021
Government expenditure, % of GDP
55.4%
2025
33.8%
2025
Consumer prices inflation
2.53%
2024-2025
4%
2024-2025
Central bank interest rate n/a
5.75%
2025
Unemployment rate
11%
2001
3.02%
2023
Population
65501
2834177

Spending and national debt comparison by year

Dominica
Spending

Debt
Jamaica
Spending

Debt
1x
Year % of GDP
Dominica Jamaica
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 33.8% 67.7%
2024 67.4% 108.2% 30.1% 62.5%
2023 64.8% 101.3% 27.7% 66.5%
2022 69.7% 110% 27.1% 70.2%
2021 67% 116.3% 27.6% 86.3%
2020 66.8% 118.4% 30.1% 101.3%
2019 48.3% 97.8% 27.5% 87.7%
2018 63.4% 85.7% 27.5% 88.3%
2017 54% 84.2% 26.9% 95.1%
2016 48% 76.9% 26.5% 106.9%
2015 32.4% 68.2% 25.9% 115.9%
2014 32.7% 71.3% 26.1% 134.4%
2013 33.4% 73.9% 26.3% 135.2%
2012 36.2% 73.1% 29.1% 140.3%
2011 35.2% 69.7% 31.2% 135.9%
2010 39.4% 66.8% 32.3% 137.8%
2009 35.9% 62.5% 37.7% 138.3%
2008 34.7% 64.4% 33.9% 123.8%
2007 34.1% 71.8% 30.6% 111.6%
2006 29.7% 77.4% 30.1% 114.2%
2005 31% 82% 28.6% 121.5%
2004 30.2% 86.2% 30.7% 116.9%
2003 30.1% 94.9% 31.1% 120.1%
2002 28.6% 97.9% 30.1% 115.4%
2001 29.6% 98.5% 27.8% 105.3%
2000 38.5% 68.9% 25.7% 89.5%
1999 35.2% 61.8% 27.9% 80.7%
1998 33% 56.3% 27.9% 75.6%
1997 28.2% 47.7% 27.6% 74.4%
1996 28.5% 53.7% 27.4% 70.2%
1995 28.8% 57.4% 22.1% 85.2%
1994 27.2% 55.9% 19.9% 90.4%
1993 25.2% 53.4% 19.6% 106.2%
1992 27.4% 54% 18.2% 100.4%
1991 29% 56.9% 19.9% 175.1%
1990 31.5% 54.1% 22.6% 128.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Jamaica spent $7.68B, or 33.8% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 67.7% in Jamaica, ranking 20/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Jamaica
1x
Year Deficit/surplus, % of GDP
Dominica Jamaica
2025 -1.35% -3.77%
2024 -6.75% 0.22%
2023 -4.52% 0.04%
2022 -7.18% 0.26%
2021 -8.22% 0.84%
2020 -7.53% -2.87%
2019 -8.72% 0.85%
2018 -17.2% 1.1%
2017 -3.27% 0.42%
2016 11.6% -0.18%
2015 11.4% -0.28%
2014 -5.54% -0.48%
2013 -2.88% 0.12%
2012 -5.41% -3.97%
2011 -4.4% -6.24%
2010 -3.38% -6.17%
2009 -0.31% -10.8%
2008 0.7% -7.32%
2007 1.8% -3.7%
2006 2.93% -4.74%
2005 0.95% -3.22%
2004 -0.67% -4.56%
2003 0.85% -5.42%
2002 -4.07% -6.55%
2001 -6.54% -4.77%
2000 -8.66% -0.78%
1999 -9.18% -3.41%
1998 -5.99% -5.73%
1997 -2.24% -6.39%
1996 -1.59% -5.25%
1995 -2.88% 1.53%
1994 -3.35% 2.4%
1993 -1.41% 2.37%
1992 -2.22% 2.83%
1991 -2.99% 3.14%
1990 -4.66% 2.06%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/jamaica | 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 Jamaica's deficit of $856M, or 3.77% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Jamaica ran a deficit in 22 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 2.18% of GDP for Jamaica.

Inflation comparison by year

Inflation
Dominica

Jamaica
1x
Year Consumer prices inflation
Dominica Jamaica
2025 2.53% 4%
2024 2.74% 5.41%
2023 5.09% 6.47%
2022 2.88% 10.3%
2021 2.23% 5.86%
2020 1.22% 5.23%
2019 1.5% 3.91%
2018 0.99% 3.74%
2017 0.3% 4.38%
2016 0.14% 2.35%
2015 -0.84% 3.69%
2014 0.8% 8.27%
2013 -0.05% 9.34%
2012 1.36% 6.87%
2011 1.13% 7.56%
2010 3% 12.6%
2009 0.006% 9.59%
2008 6.36% 22%
2007 3.63% 9.24%
2006 2.2% 8.56%
2005 1.68% 15.1%
2004 2.39% 13.6%
2003 1.45% 10.1%
2002 0.17% 7.08%
2001 1.3% 6.8%
2000 0.86% 8.17%
1999 1.18% 5.95%
1998 1% 8.63%
1997 2.44% 9.66%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 8.08% in Jamaica. In 2025, inflation was 2.53% in Dominica and 4% in Jamaica.

Top exports between countries

Dominica
Export category Export value
Chemicals & pharma $203K
Textiles & consumer goods $5K
Machinery & equipment $2K
Metals $1K
Precious metals & jewellery $1K
Jamaica
Export category Export value
Processed food, beverages & tobacco $839K
Metals $760K
Chemicals & pharma $403K
Wood & paper products $392K
Raw materials & minerals $184K
Animal & marine products $127K
Raw agricultural goods $115K
Textiles & consumer goods $69K
Machinery & equipment $46K
Miscellaneous $1K

Balance of trade

Dominica Jamaica
Current account balance
-$275M
2025
$679M
2024
Current account balance ranking
94/190
2025
53/190
2024
Current account balance, % of GDP
-38%
2025
+3.08%
2024
Goods imports
$275M
2025
$6.07B
2024
Goods exports
$29.8M
2025
$1.87B
2024
Service imports
$208M
2025
$3.46B
2024
Service exports
$181M
2025
$5.26B
2024
Imports of goods and services, % of GDP n/a
52.1%
2019
Exports of goods and services, % of GDP
8.5%
2026
38%
2019

Economic freedom indices

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

Dominica Jamaica
Economic freedom 56.1 68.2
Economic freedom ranking 124/197 48/197
Property rights 65.8 66.8
Government integrity 61.2 49.4
Judicial effectiveness 77.3 75.6
Tax burden 76.1 76.3
Government spending 0 76
Fiscal health 45.6 92.2
Business freedom 66.2 68.5
Labor freedom 49.8 59.2
Monetary freedom 77.7 74.2
Trade freedom 53.2 70.4
Investment freedom 60 60
Financial freedom 40 50

Economic freedom comparison by year

Dominica
Jamaica
1x
Year Economic freedom index
Dominica Jamaica
2026 56.1 68.2
2025 55.3 68.7
2024 54 68.1
2023 59.7 68.1
2022 54.4 67.4
2021 53 69
2020 60.8 68.5
2019 63.6 68.6
2018 64.5 69.1
2017 63.7 69.5
2016 67 67.5
2015 66.1 67.7
2014 65.2 66.7
2013 63.9 66.8
2012 61.6 65.1
2011 63.3 65.7
2010 63.2 65.5
2009 62.6 65.2
2008 - 65.7
2007 - 65.5
2006 - 66.4
2005 - 67
2004 - 66.7
2003 - 67
2002 - 61.7
2001 - 63.7
2000 - 65.5
1999 - 64.7
1998 - 67.1
1997 - 67.7
1996 - 66.7
1995 - 64.4

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 68.2 for Jamaica, ranking 48/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Jamaica
Services, % of GDP
57.2%
2025
59.8%
2025
Industry, % of GDP
14.1%
2025
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
8.74%
2025
GNI, Atlas method
$704M
2025
$22.1B
2025
GNI per capita, PPP
$22,130
2025
$13,090
2025
Total reserves including gold
$165M
2025
$6.3B
2025
Total reserves ranking
172/177
2025
92/177
2025
Net foreign direct investment
-$49.5M
2025
-$304M
2024
Net inflows of foreign direct investment
$60M
2024
$305M
2024
Net outflows of foreign direct investment
-$401K
2024
$1.07M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
11.3%
2024
Poverty at national poverty lines
29%
2020
8.2%
2023
Gross capital formation, % of GDP n/a
22.6%
2019

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/jamaica | 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 (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, 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.