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Economy of Dominica vs Luxembourg compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $101B for Luxembourg, ranking 190/197 and 75/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

Dominica vs Luxembourg GDP by year

Dominica
Luxembourg
1x
Year GDP, current $
Dominica Luxembourg
2025 $723,859,259 $101,157,829,491
2024 $688,881,481 $93,279,851,863
2023 $659,311,111 $88,788,881,539
2022 $623,062,963 $80,801,680,397
2021 $562,911,111 $86,386,759,695
2020 $528,944,444 $73,670,782,100
2019 $644,259,259 $69,872,035,114
2018 $628,244,444 $71,085,623,495
2017 $563,355,556 $65,712,180,343
2016 $612,711,111 $62,216,885,436
2015 $583,177,778 $60,071,584,216
2014 $572,255,556 $68,804,814,555
2013 $545,325,926 $65,203,276,467
2012 $520,355,556 $59,776,383,527
2011 $532,081,481 $61,696,281,326
2010 $519,859,259 $56,213,985,987
2009 $515,618,519 $54,467,289,898
2008 $480,003,704 $58,844,277,702
2007 $444,685,185 $51,587,401,416
2006 $416,674,074 $42,910,153,830
2005 $391,455,556 $37,672,311,223
2004 $396,711,111 $35,064,843,793
2003 $373,318,519 $29,667,268,248
2002 $375,200,000 $23,649,832,387
2001 $377,462,963 $21,387,550,720
2000 $333,470,370 $21,230,200,538
1999 $331,759,259 $21,899,317,599
1998 $322,411,111 $20,150,055,568
1997 $302,988,889 $19,563,836,265
1996 $292,285,185 $20,895,314,658
1995 $274,522,222 $20,853,093,870
1994 $264,374,074 $17,701,798,891
1993 $245,525,926 $15,925,521,222
1992 $234,059,259 $15,518,702,635
1991 $219,762,963 $13,834,219,728
1990 $201,429,630 $12,778,792,854
1989 $185,137,243 $10,037,674,038
1988 $171,106,184 $9,418,167,855
1987 $151,868,754 $8,320,902,215
1986 $135,161,959 $6,685,595,088
1985 $119,491,933 $4,577,211,767
1984 $109,157,071 $4,438,435,493
1983 $98,665,191 $4,524,217,751
1982 $89,527,577 $4,602,316,793
1981 $82,107,391 $5,053,665,797
1980 $72,804,653 $6,019,805,490
1979 $55,017,759 $5,516,982,664
1978 $57,130,216 $4,718,539,772
1977 $45,872,947 $3,789,321,328
1976 - $3,423,586,207
1975 - $3,123,333,333
1974 - $3,183,637,117
1973 - $2,609,875,802
1972 - $1,901,697,370
1971 - $1,518,773,421
1970 - $1,457,768,455
1969 - $1,245,432,991
1968 - $1,075,561,623
1967 - $983,052,315
1966 - $976,717,015
1965 - $929,477,285
1964 - $910,877,686
1963 - $797,902,154
1962 - $747,846,862
1961 - $710,163,719
1960 - $709,941,874

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

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

GDP per capita in Dominica vs Luxembourg by year

Dominica
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $147,252 -
2024 $10,405 $21,301 $137,782 $155,941
2023 $9,913 $20,286 $133,231 $150,508
2022 $9,324 $18,802 $123,720 $146,919
2021 $8,376 $15,809 $134,966 $136,772
2020 $7,828 $14,244 $116,860 $122,067
2019 $9,491 $16,021 $112,697 $121,372
2018 $9,215 $15,070 $116,927 $116,638
2017 $8,225 $12,696 $110,193 $114,986
2016 $8,803 $12,945 $106,899 $113,365
2015 $8,283 $12,093 $105,462 $107,860
2014 $8,132 $12,083 $123,679 $105,296
2013 $7,822 $11,286 $120,000 $100,925
2012 $7,529 $10,921 $112,585 $96,636
2011 $7,705 $11,123 $119,025 $94,475
2010 $7,550 $10,924 $110,886 $90,336
2009 $7,487 $10,804 $109,420 $86,919
2008 $6,971 $10,862 $120,422 $90,971
2007 $6,459 $9,949 $107,475 $85,126
2006 $6,056 $9,200 $90,789 $78,861
2005 $5,695 $8,557 $80,988 $68,788
2004 $5,779 $8,232 $76,545 $64,686
2003 $5,447 $7,714 $65,689 $60,192
2002 $5,488 $7,167 $53,006 $58,576
2001 $5,528 $7,291 $48,440 $56,136
2000 $4,867 $7,111 $48,660 $55,136
1999 $4,817 $6,759 $50,872 $49,845
1998 $4,664 $6,617 $47,445 $44,270
1997 $4,372 $6,290 $46,642 $42,488
1996 $4,211 $6,041 $50,444 $39,722
1995 $3,952 $5,749 $51,032 $38,345
1994 $3,805 $5,465 $43,933 $37,551
1993 $3,536 $5,352 $40,067 $35,899
1992 $3,376 $5,125 $39,571 $34,108
1991 $3,171 $4,914 $35,747 $33,191
1990 $2,893 $4,667 $33,465 $29,949
1989 $2,639 - $26,618 -
1988 $2,423 - $25,219 -
1987 $2,138 - $22,443 -
1986 $1,893 - $18,150 -
1985 $1,666 - $12,482 -
1984 $1,515 - $12,127 -
1983 $1,363 - $12,374 -
1982 $1,232 - $12,591 -
1981 $1,125 - $13,837 -
1980 $996 - $16,531 -
1979 $754 - $15,204 -
1978 $786 - $13,034 -
1977 $634 - $10,486 -
1976 - - $9,491 -
1975 - - $8,701 -
1974 - - $8,967 -
1973 - - $7,447 -
1972 - - $5,487 -
1971 - - $4,435 -
1970 - - $4,298 -
1969 - - $3,690 -
1968 - - $3,203 -
1967 - - $2,935 -
1966 - - $2,925 -
1965 - - $2,804 -
1964 - - $2,779 -
1963 - - $2,462 -
1962 - - $2,332 -
1961 - - $2,241 -
1960 - - $2,261 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Luxembourg ranks 1st at $155,941.

Economic indicators

Dominica Luxembourg
Gross domestic product
$724M
2025
$101B
2025
GDP rank
190/197
2025
75/197
2025
GDP growth
3.05%
2024-2025
0.64%
2024-2025
GDP per capita
$10,989
2025
$147,252
2025
GDP per capita rank
84/197
2025
3/197
2025
GDP per capita, PPP
$21,301
2024
$155,941
2024
GDP per capita PPP rank
91/197
2024
1/197
2024
Government debt
$743M
2025
$27.3B
2025
Debt-to-GDP ratio
102.6%
2025
27%
2025
Government debt per person
$11,275
2025
$39,717
2025
Government debt per person rank
54/185
2025
18/185
2025
Average annual personal income after taxes
$6,105
2026
$71,808
2026
Market capitalization of domestic companies n/a
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10% n/a
25%
2023
Income share by poorest 10% n/a
2.8%
2023
Government expenditure, % of GDP
55.4%
2025
48.3%
2025
Consumer prices inflation
2.53%
2024-2025
2.26%
2024-2025
Unemployment rate
11%
2001
6.5%
2025
Population
65501
697802

Spending and national debt comparison by year

Dominica
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Dominica Luxembourg
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 48.3% 27%
2024 67.4% 108.2% 46.8% 26.3%
2023 64.8% 101.3% 46.4% 24.7%
2022 69.7% 110% 44.3% 24.9%
2021 67% 116.3% 42.4% 24.2%
2020 66.8% 118.4% 47% 24.5%
2019 48.3% 97.8% 43.1% 22.3%
2018 63.4% 85.7% 42.3% 20.9%
2017 54% 84.2% 41.3% 21.8%
2016 48% 76.9% 40% 19.6%
2015 32.4% 68.2% 40.4% 21.1%
2014 32.7% 71.3% 40.6% 21.9%
2013 33.4% 73.9% 41.2% 22.4%
2012 36.2% 73.1% 41.8% 20.8%
2011 35.2% 69.7% 41.5% 18.5%
2010 39.4% 66.8% 42% 19.1%
2009 35.9% 62.5% 42.7% 15.3%
2008 34.7% 64.4% 37.9% 14.6%
2007 34.1% 71.8% 37.4% 8.09%
2006 29.7% 77.4% 39.4% 8.21%
2005 31% 82% 43.4% 7.95%
2004 30.2% 86.2% 43.7% 7.83%
2003 30.1% 94.9% 43.3% 7.43%
2002 28.6% 97.9% 41.8% 7.45%
2001 29.6% 98.5% 38.1% 7.62%
2000 38.5% 68.9% 38% 7.49%
1999 35.2% 61.8% 41.7% 8.39%
1998 33% 56.3% 43.9% 9.51%
1997 28.2% 47.7% 44.2% 10.1%
1996 28.5% 53.7% 42.5% 10.2%
1995 28.8% 57.4% 42% 10.3%
1994 27.2% 55.9% - -
1993 25.2% 53.4% - -
1992 27.4% 54% - -
1991 29% 56.9% - -
1990 31.5% 54.1% - -

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

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 27% in Luxembourg, ranking 20/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Luxembourg
1x
Year Deficit/surplus, % of GDP
Dominica Luxembourg
2025 -1.35% -0.96%
2024 -6.75% 0.89%
2023 -4.52% -0.65%
2022 -7.18% 0.21%
2021 -8.22% 1.11%
2020 -7.53% -3.09%
2019 -8.72% 2.68%
2018 -17.2% 3.17%
2017 -3.27% 1.37%
2016 11.6% 1.89%
2015 11.4% 1.3%
2014 -5.54% 1.33%
2013 -2.88% 0.84%
2012 -5.41% 0.5%
2011 -4.4% 0.65%
2010 -3.38% -0.26%
2009 -0.31% -0.21%
2008 0.7% 3.37%
2007 1.8% 4.35%
2006 2.93% 1.9%
2005 0.95% -0.21%
2004 -0.67% -1.39%
2003 0.85% 0.28%
2002 -4.07% 2.03%
2001 -6.54% 5.62%
2000 -8.66% 5.55%
1999 -9.18% 3.24%
1998 -5.99% 2.98%
1997 -2.24% 2.65%
1996 -1.59% 2.37%
1995 -2.88% 2.71%
1994 -3.35% -
1993 -1.41% -
1992 -2.22% -
1991 -2.99% -
1990 -4.66% -

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

GeoRank.org/economy/dominica/luxembourg | 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 Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, Dominica recorded a fiscal deficit in 24 of those years, while Luxembourg ran a deficit in 7 years. On average, Dominica posted an annual deficit equal to 3.17% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Dominica

Luxembourg
1x
Year Consumer prices inflation
Dominica Luxembourg
2025 2.53% 2.26%
2024 2.74% 2.05%
2023 5.09% 3.74%
2022 2.88% 6.34%
2021 2.23% 2.53%
2020 1.22% 0.82%
2019 1.5% 1.74%
2018 0.99% 1.53%
2017 0.3% 1.73%
2016 0.14% 0.29%
2015 -0.84% 0.47%
2014 0.8% 0.63%
2013 -0.05% 1.73%
2012 1.36% 2.66%
2011 1.13% 3.41%
2010 3% 2.27%
2009 0.006% 0.37%
2008 6.36% 3.4%
2007 3.63% 2.31%
2006 2.2% 2.67%
2005 1.68% 2.49%
2004 2.39% 2.23%
2003 1.45% 2.05%
2002 0.17% 2.07%
2001 1.3% 2.66%
2000 0.86% 3.15%
1999 1.18% 1.03%
1998 1% 0.96%
1997 2.44% 1.37%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 2.1% in Luxembourg. In 2025, inflation was 2.53% in Dominica and 2.26% in Luxembourg.

Top exports between countries

Dominica
Export category Export value
Luxembourg
Export category Export value
Machinery & equipment $51K

Balance of trade

Dominica Luxembourg
Current account balance
-$275M
2025
$5.29B
2025
Current account balance ranking
94/190
2025
31/190
2025
Current account balance, % of GDP
-38%
2025
+5.23%
2025
Goods imports
$275M
2025
$30.9B
2025
Goods exports
$29.8M
2025
$33B
2025
Service imports
$208M
2025
$133B
2025
Service exports
$181M
2025
$167B
2025
Imports of goods and services, % of GDP n/a
159.4%
2025
Exports of goods and services, % of GDP
8.5%
2026
190.5%
2025

Economic freedom indices

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

Dominica Luxembourg
Economic freedom 56.1 79.7
Economic freedom ranking 124/197 7/197
Property rights 65.8 96.6
Government integrity 61.2 88.7
Judicial effectiveness 77.3 99.1
Tax burden 76.1 62.3
Government spending 0 36.9
Fiscal health 45.6 98.6
Business freedom 66.2 89.5
Labor freedom 49.8 56.7
Monetary freedom 77.7 74.1
Trade freedom 53.2 79.4
Investment freedom 60 95
Financial freedom 40 80

Economic freedom comparison by year

Dominica
Luxembourg
1x
Year Economic freedom index
Dominica Luxembourg
2026 56.1 79.7
2025 55.3 79.5
2024 54 79.2
2023 59.7 78.4
2022 54.4 80.6
2021 53 76
2020 60.8 75.8
2019 63.6 75.9
2018 64.5 76.4
2017 63.7 75.9
2016 67 73.9
2015 66.1 73.2
2014 65.2 74.2
2013 63.9 74.2
2012 61.6 74.5
2011 63.3 76.2
2010 63.2 75.4
2009 62.6 75.2
2008 - 74.7
2007 - 74.6
2006 - 75.3
2005 - 76.3
2004 - 78.9
2003 - 79.9
2002 - 79.4
2001 - 80.1
2000 - 76.4
1999 - 72.4
1998 - 72.7
1997 - 72.8
1996 - 72.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Luxembourg
Services, % of GDP
57.2%
2025
81.4%
2025
Industry, % of GDP
14.1%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
0.23%
2025
GNI, Atlas method
$704M
2025
$65.8B
2025
GNI per capita, PPP
$22,130
2025
$106,640
2025
Total reserves including gold
$165M
2025
$3.06B
2025
Total reserves ranking
172/177
2025
120/177
2025
Net foreign direct investment
-$49.5M
2025
$196B
2025
Net inflows of foreign direct investment
$60M
2024
$106B
2024
Net outflows of foreign direct investment
-$401K
2024
$109B
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
17.3%
2021
Gross capital formation, % of GDP n/a
15.5%
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/luxembourg | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. TradeMap (2023, 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.