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Economy of Dominica vs Lebanon compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $20.1B for Lebanon, ranking 190/197 and 128/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Dominica vs Lebanon GDP by year

Dominica
Lebanon
1x
Year GDP, current $
Dominica Lebanon
2024 $688,881,481 -
2023 $659,311,111 $20,078,620,357
2022 $623,062,963 $20,992,421,949
2021 $562,911,111 $23,131,941,557
2020 $528,944,444 $31,712,128,254
2019 $644,259,259 $51,605,959,131
2018 $628,244,444 $54,901,519,156
2017 $563,355,556 $53,027,680,686
2016 $612,711,111 $51,147,308,774
2015 $583,177,778 $49,929,337,837
2014 $572,255,556 $48,095,213,747
2013 $545,325,926 $46,880,103,081
2012 $520,355,556 $44,016,799,516
2011 $532,081,481 $39,927,125,962
2010 $519,859,259 $38,443,907,042
2009 $515,618,519 $35,399,582,929
2008 $480,003,704 $29,118,916,105
2007 $444,685,185 $24,827,355,015
2006 $416,674,074 $22,022,709,851
2005 $391,455,556 $21,497,336,499
2004 $396,711,111 $21,159,827,992
2003 $373,318,519 $20,082,918,740
2002 $375,200,000 $19,152,238,806
2001 $377,462,963 $17,649,751,244
2000 $333,470,370 $17,260,364,842
1999 $331,759,259 $17,391,056,369
1998 $322,411,111 $17,247,179,006
1997 $302,988,889 $15,751,867,489
1996 $292,285,185 $13,690,217,334
1995 $274,522,222 $11,718,795,529
1994 $264,374,074 $9,599,127,050
1993 $245,525,926 $7,941,744,492
1992 $234,059,259 $5,843,579,161
1991 $219,762,963 $4,690,415,093
1990 $201,429,630 $2,838,485,354
1989 $185,137,243 $2,717,998,688
1988 $171,106,184 $3,313,540,068
1987 $151,868,754 -
1986 $135,161,959 -
1985 $119,491,933 -
1984 $109,157,071 -
1983 $98,665,191 -
1982 $89,527,577 -
1981 $82,107,391 -
1980 $72,804,653 -
1979 $55,017,759 -
1978 $57,130,216 -
1977 $45,872,947 -

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

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

GDP per capita in Dominica vs Lebanon by year

Dominica
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 - -
2023 $9,913 $20,286 $3,478 $12,575
2022 $9,324 $18,802 $3,654 $12,293
2021 $8,376 $15,809 $4,045 $11,600
2020 $7,828 $14,244 $5,561 $16,260
2019 $9,491 $16,021 $8,906 $21,710
2018 $9,215 $15,070 $9,175 $21,985
2017 $8,225 $12,696 $8,608 $20,964
2016 $8,803 $12,945 $8,089 $18,941
2015 $8,283 $12,093 $7,714 $17,046
2014 $8,132 $12,083 $7,578 $16,140
2013 $7,822 $11,286 $8,162 $16,316
2012 $7,529 $10,921 $8,407 $16,121
2011 $7,705 $11,123 $7,835 $14,975
2010 $7,550 $10,924 $7,626 $14,704
2009 $7,487 $10,804 $7,091 $13,586
2008 $6,971 $10,862 $5,912 $12,416
2007 $6,459 $9,949 $5,125 $11,356
2006 $6,056 $9,200 $4,635 $10,312
2005 $5,695 $8,557 $4,602 $10,020
2004 $5,779 $8,232 $4,601 $9,609
2003 $5,447 $7,714 $4,438 $8,914
2002 $5,488 $7,167 $4,291 $8,586
2001 $5,528 $7,291 $4,010 $8,289
2000 $4,867 $7,111 $3,987 $7,938
1999 $4,817 $6,759 $4,087 $7,793
1998 $4,664 $6,617 $4,125 $7,861
1997 $4,372 $6,290 $3,834 $7,632
1996 $4,211 $6,041 $3,393 $7,560
1995 $3,952 $5,749 $2,959 $6,796
1994 $3,805 $5,465 $2,468 $6,367
1993 $3,536 $5,352 $2,079 $5,871
1992 $3,376 $5,125 $1,559 $5,279
1991 $3,171 $4,914 $1,278 $4,527
1990 $2,893 $4,667 $790 $2,990
1989 $2,639 - $771 -
1988 $2,423 - $959 -
1987 $2,138 - - -
1986 $1,893 - - -
1985 $1,666 - - -
1984 $1,515 - - -
1983 $1,363 - - -
1982 $1,232 - - -
1981 $1,125 - - -
1980 $996 - - -
1979 $754 - - -
1978 $786 - - -
1977 $634 - - -

Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Lebanon ranks 123rd at $12,575.

Economic indicators

Dominica Lebanon
Gross domestic product
$689M
2024
$20.1B
2023
GDP rank
190/197
2024
128/197
2023
GDP growth
2.05%
2023-2024
-0.76%
2022-2023
GDP per capita
$10,405
2024
$3,478
2023
GDP per capita rank
84/197
2024
135/197
2023
GDP per capita, PPP
$21,301
2024
$12,575
2023
GDP per capita PPP rank
91/197
2024
123/197
2023
Government debt
$713M
2024
$38.7B
2023
Debt-to-GDP ratio
103.5%
2024
163.8%
2024
Government debt per person
$10,765
2024
$6,704
2023
Government debt per person rank
55/185
2024
70/185
2023
Average annual personal income after taxes
$6,045
2026
$3,560
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2025
Income share by richest 10% n/a
25.1%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
60.9%
2024
16.5%
2024
Consumer prices inflation
2.57%
2023-2024
45.2%
2023-2024
Central bank interest rate n/a
20%
2023
Unemployment rate
11%
2001
11.3%
2019
Population
65539
5906622

Spending and national debt comparison by year

Dominica
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Dominica Lebanon
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 16.5% 163.8%
2023 66.8% 103.2% 14.9% 192.8%
2022 72.7% 108.3% 13.4% 244.6%
2021 70.1% 113.6% 10.9% 358%
2020 70.1% 118.2% 23.2% 148.7%
2019 44% 89.1% 31.3% 172.1%
2018 66.7% 90% 32.3% 155.1%
2017 55.7% 86.7% 30.6% 150%
2016 45.8% 72.9% 28.3% 146.4%
2015 33.5% 71.1% 26.7% 140.8%
2014 33.3% 73.5% 28.8% 138.4%
2013 34.2% 75.6% 28.9% 135.4%
2012 36.6% 74% 30.2% 131.1%
2011 34.7% 68.6% 28.8% 134.4%
2010 39.7% 67.3% 29.2% 136.8%
2009 36.1% 62.8% 32.1% 144.5%
2008 35.9% 66.5% 34.3% 161.5%
2007 35.6% 74.9% 35.2% 169.3%
2006 30.9% 80.4% 36.1% 183.3%
2005 32.1% 84.9% 31.4% 178.9%
2004 30.1% 85.8% 33.3% 169.5%
2003 31.2% 98.2% 36.4% 171.3%
2002 29% 99.4% 36.8% 163.1%
2001 29.3% 97.5% 38.9% 163.1%
2000 38.9% 69.6% 42.8% 148.1%
1999 35.3% 62% 35.6% 130.2%
1998 33.5% 57.1% 34.7% 108.2%
1997 29.1% 49.3% 40.5% 100.2%
1996 29% 54.7% 43.6% 101.2%
1995 29.7% 59.3% 31.1% 79.6%
1994 27.7% 57% 47.3% 71.5%
1993 26.1% 55.4% 23% 50.5%
1992 28% 55.3% 36.1% 51.7%
1991 29.9% 58.7% 35.6% 67.1%
1990 32.9% 56.6% 40% 99.7%

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

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 163.8% in Lebanon, ranking 20/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Lebanon
1x
Year Deficit/surplus, % of GDP
Dominica Lebanon
2024 -2.28% -0.19%
2023 -4.66% -1.7%
2022 -7.49% -7.77%
2021 -8.61% -2.67%
2020 -7.91% -7.37%
2019 -7.95% -10.5%
2018 -18.1% -11.3%
2017 -3.37% -8.65%
2016 11% -8.88%
2015 11.8% -7.48%
2014 -5.65% -6.22%
2013 -2.95% -8.82%
2012 -5.48% -8.43%
2011 -4.34% -5.94%
2010 -3.41% -7.47%
2009 -0.31% -8.1%
2008 0.72% -9.86%
2007 1.88% -10.9%
2006 3.04% -10.6%
2005 0.98% -8.57%
2004 -0.67% -9.83%
2003 0.88% -14%
2002 -4.13% -16.2%
2001 -6.48% -21%
2000 -8.75% -23.9%
1999 -9.2% -16.7%
1998 -6.08% -17.3%
1997 -2.31% -24.5%
1996 -1.62% -25.7%
1995 -2.97% -13.6%
1994 -3.42% -29.1%
1993 -1.46% -7.19%
1992 -2.28% -24%
1991 -3.08% -19.5%
1990 -4.87% -30.2%

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

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

In 2023, Dominica's government deficit, the difference between spending and revenue, was $30.7M, equivalent to 4.66% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, Dominica recorded a fiscal deficit in 27 of those years, while Lebanon ran a deficit in 34 years. On average, Dominica posted an annual deficit equal to 3.15% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Dominica

Lebanon
1x
Year Consumer prices inflation
Dominica Lebanon
2024 2.57% 45.2%
2023 5.09% 221.3%
2022 2.88% 171.2%
2021 2.23% 154.8%
2020 1.22% 84.9%
2019 1.5% 2.9%
2018 0.99% 6.1%
2017 0.3% 4.5%
2016 0.14% -0.8%
2015 -0.84% -3.8%
2014 0.8% 1.1%
2013 -0.05% 5.6%
2012 1.36% 6.6%
2011 1.13% 5%
2010 3% 4%
2009 0.006% 1.2%
2008 6.36% 10.7%
2007 3.63% 4.1%
2006 2.2% 4.1%
2005 1.68% -1.4%
2004 2.39% 1.7%
2003 1.45% 1.3%
2002 0.17% 1.8%
2001 1.3% -0.4%
2000 0.86% -0.4%
1999 1.18% 0.2%
1998 1% 4.5%
1997 2.44% 7.7%

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/lebanon | CC BY

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 26.6% in Lebanon. In 2024, inflation was 2.57% in Dominica and 45.2% in Lebanon.

Top exports between countries

Dominica
Export category Export value
Lebanon
Export category Export value
Machinery & equipment $56K
Processed food, beverages & tobacco $39K
Chemicals & pharma $35K
Textiles & consumer goods $33K
Metals $19K
Miscellaneous $11K
Wood & paper products $10K
Raw agricultural goods $7K

Balance of trade

Dominica Lebanon
Current account balance
-$160M
2024
-$5.64B
2023
Current account balance ranking
94/190
2024
168/190
2023
Current account balance, % of GDP
-23.2%
2024
-28.1%
2023
Goods imports
$231M
2024
$16.7B
2023
Goods exports
$22M
2024
$3.85B
2023
Service imports
$157M
2024
$6.63B
2023
Service exports
$191M
2024
$7.92B
2023
Imports of goods and services, % of GDP n/a
73.7%
2023
Exports of goods and services, % of GDP
8.5%
2025
30.6%
2023

Economic freedom indices

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

Dominica Lebanon
Economic freedom 56.1 43.1
Economic freedom ranking 124/197 183/197
Property rights 65.8 21.8
Government integrity 61.2 23.4
Judicial effectiveness 77.3 23.8
Tax burden 76.1 90.3
Government spending 0 93.3
Fiscal health 45.6 63.4
Business freedom 66.2 47.6
Labor freedom 49.8 48.4
Monetary freedom 77.7 0
Trade freedom 53.2 65.6
Investment freedom 60 20
Financial freedom 40 20

Economic freedom comparison by year

Dominica
Lebanon
1x
Year Economic freedom index
Dominica Lebanon
2026 56.1 43.1
2025 55.3 44.1
2024 54 48.3
2023 59.7 45.6
2022 54.4 47.3
2021 53 51.4
2020 60.8 51.7
2019 63.6 51.1
2018 64.5 53.2
2017 63.7 53.3
2016 67 59.5
2015 66.1 59.3
2014 65.2 59.4
2013 63.9 59.5
2012 61.6 60.1
2011 63.3 60.1
2010 63.2 59.5
2009 62.6 58.1
2008 - 60
2007 - 60.4
2006 - 57.5
2005 - 57.2
2004 - 56.9
2003 - 56.7
2002 - 57.1
2001 - 61
2000 - 56.1
1999 - 59.1
1998 - 59
1997 - 63.9
1996 - 63.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Lebanon
Services, % of GDP
56.9%
2024
42.4%
2023
Industry, % of GDP
13.9%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
0.97%
2023
GNI, Atlas method
$677M
2024
$21.4B
2023
GNI per capita, PPP
$21,410
2024
$12,420
2023
Total reserves including gold
$156M
2024
$33.3B
2024
Total reserves ranking
172/177
2024
54/177
2024
Net foreign direct investment
-$36.4M
2024
-$583M
2023
Net inflows of foreign direct investment
$60M
2024
$1.84B
2024
Net outflows of foreign direct investment
-$401K
2024
$391M
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
22%
2023
Poverty at national poverty lines
29%
2020
27.4%
2012
Gross capital formation, % of GDP n/a
1.9%
2023

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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  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.