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Economy of Dominica vs Malaysia compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $422B for Malaysia, ranking 190/197 and 38/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Dominica vs Malaysia GDP by year

Dominica
Malaysia
1x
Year GDP, current $
Dominica Malaysia
2024 $688,881,481 $422,227,005,429
2023 $659,311,111 $399,949,418,753
2022 $623,062,963 $407,830,525,990
2021 $562,911,111 $373,784,553,030
2020 $528,944,444 $337,456,163,961
2019 $644,259,259 $365,177,721,022
2018 $628,244,444 $358,788,845,713
2017 $563,355,556 $319,109,094,160
2016 $612,711,111 $301,256,033,870
2015 $583,177,778 $301,355,266,965
2014 $572,255,556 $338,066,095,097
2013 $545,325,926 $323,276,235,524
2012 $520,355,556 $314,443,047,642
2011 $532,081,481 $297,951,668,675
2010 $519,859,259 $255,017,638,456
2009 $515,618,519 $202,257,453,037
2008 $480,003,704 $230,811,614,370
2007 $444,685,185 $193,549,569,478
2006 $416,674,074 $162,692,258,307
2005 $391,455,556 $143,534,405,819
2004 $396,711,111 $124,749,473,684
2003 $373,318,519 $110,202,368,421
2002 $375,200,000 $100,845,526,316
2001 $377,462,963 $92,783,947,368
2000 $333,470,370 $93,789,736,842
1999 $331,759,259 $79,148,421,053
1998 $322,411,111 $72,167,498,981
1997 $302,988,889 $100,005,323,302
1996 $292,285,185 $100,855,393,910
1995 $274,522,222 $88,705,342,903
1994 $264,374,074 $74,478,356,958
1993 $245,525,926 $66,894,966,969
1992 $234,059,259 $59,167,550,163
1991 $219,762,963 $49,143,148,094
1990 $201,429,630 $44,024,585,240
1989 $185,137,243 $38,847,965,293
1988 $171,106,184 $35,272,109,220
1987 $151,868,754 $32,181,210,158
1986 $135,161,959 $27,734,111,400
1985 $119,491,933 $31,199,633,353
1984 $109,157,071 $33,942,897,422
1983 $98,665,191 $30,347,442,111
1982 $89,527,577 $26,804,493,635
1981 $82,107,391 $25,004,285,792
1980 $72,804,653 $24,488,224,677
1979 $55,017,759 $21,213,264,962
1978 $57,130,216 $16,358,079,862
1977 $45,872,947 $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Dominica vs Malaysia by year

Dominica
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $11,874 $38,779
2023 $9,913 $20,286 $11,386 $36,467
2022 $9,324 $18,802 $11,755 $34,420
2021 $8,376 $15,809 $10,903 $29,823
2020 $7,828 $14,244 $9,958 $27,475
2019 $9,491 $16,021 $10,920 $28,934
2018 $9,215 $15,070 $10,902 $27,794
2017 $8,225 $12,696 $9,863 $26,416
2016 $8,803 $12,945 $9,477 $25,286
2015 $8,283 $12,093 $9,649 $24,526
2014 $8,132 $12,083 $11,013 $24,307
2013 $7,822 $11,286 $10,714 $23,161
2012 $7,529 $10,921 $10,601 $22,639
2011 $7,705 $11,123 $10,217 $21,324
2010 $7,550 $10,924 $8,899 $20,193
2009 $7,487 $10,804 $7,191 $18,923
2008 $6,971 $10,862 $8,372 $19,480
2007 $6,459 $9,949 $7,169 $18,617
2006 $6,056 $9,200 $6,158 $17,426
2005 $5,695 $8,557 $5,556 $16,371
2004 $5,779 $8,232 $4,939 $15,416
2003 $5,447 $7,714 $4,465 $14,387
2002 $5,488 $7,167 $4,184 $13,656
2001 $5,528 $7,291 $3,944 $13,072
2000 $4,867 $7,111 $4,084 $13,027
1999 $4,817 $6,759 $3,528 $11,980
1998 $4,664 $6,617 $3,294 $11,398
1997 $4,372 $6,290 $4,679 $12,469
1996 $4,211 $6,041 $4,837 $11,709
1995 $3,952 $5,749 $4,363 $10,720
1994 $3,805 $5,465 $3,758 $9,806
1993 $3,536 $5,352 $3,462 $9,018
1992 $3,376 $5,125 $3,141 $8,224
1991 $3,171 $4,914 $2,679 $7,583
1990 $2,893 $4,667 $2,469 $6,887
1989 $2,639 - $2,244 -
1988 $2,423 - $2,100 -
1987 $2,138 - $1,977 -
1986 $1,893 - $1,760 -
1985 $1,666 - $2,046 -
1984 $1,515 - $2,300 -
1983 $1,363 - $2,124 -
1982 $1,232 - $1,938 -
1981 $1,125 - $1,866 -
1980 $996 - $1,886 -
1979 $754 - $1,680 -
1978 $786 - $1,327 -
1977 $634 - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Malaysia ranks 60th at $38,779.

Economic indicators

Dominica Malaysia
Gross domestic product
$689M
2024
$422B
2024
GDP rank
190/197
2024
38/197
2024
GDP growth
2.05%
2023-2024
5.11%
2023-2024
GDP per capita
$10,405
2024
$11,874
2024
GDP per capita rank
84/197
2024
79/197
2024
GDP per capita, PPP
$21,301
2024
$38,779
2024
GDP per capita PPP rank
91/197
2024
60/197
2024
Government debt
$713M
2024
$296B
2024
Debt-to-GDP ratio
103.5%
2024
70.1%
2024
Government debt per person
$10,765
2024
$8,322
2024
Government debt per person rank
55/185
2024
62/185
2024
Average annual personal income after taxes
$6,045
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10% n/a
30.9%
2021
Income share by poorest 10% n/a
2.3%
2021
Government expenditure, % of GDP
60.9%
2024
23.9%
2024
Consumer prices inflation
2.57%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
11%
2001
3.93%
2022
Population
65539
36512221

Spending and national debt comparison by year

Dominica
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Dominica Malaysia
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 23.9% 70.1%
2023 66.8% 103.2% 24.9% 69.7%
2022 72.7% 108.3% 24.6% 65.5%
2021 70.1% 113.6% 24.5% 69.2%
2020 70.1% 118.2% 25% 67.7%
2019 44% 89.1% 23.6% 57.1%
2018 66.7% 90% 22.8% 55.6%
2017 55.7% 86.7% 22% 54.4%
2016 45.8% 72.9% 22.9% 55.8%
2015 33.5% 71.1% 24.7% 57%
2014 33.3% 73.5% 26% 55.4%
2013 34.2% 75.6% 27.8% 55.7%
2012 36.6% 74% 28.5% 53.8%
2011 34.7% 68.6% 27.1% 51.9%
2010 39.7% 67.3% 26.6% 51.2%
2009 36.1% 62.8% 30.9% 50.4%
2008 35.9% 66.5% 26.9% 39.4%
2007 35.6% 74.9% 25.9% 39.3%
2006 30.9% 80.4% 25.6% 39.7%
2005 32.1% 84.9% 24.5% 40.8%
2004 30.1% 85.8% 25.9% 42%
2003 31.2% 98.2% 28.1% 41.4%
2002 29% 99.4% 27.1% 39.5%
2001 29.3% 97.5% 28.2% 38.1%
2000 38.9% 69.6% 25.6% 32.5%
1999 35.3% 62% 24.6% 34.4%
1998 33.5% 57.1% 23.1% 33.6%
1997 29.1% 49.3% 21.2% 29.6%
1996 29% 54.7% 22.4% 32.8%
1995 29.7% 59.3% 22.6% 38.2%
1994 27.7% 57% 23.3% 43.7%
1993 26.1% 55.4% 24.6% 51.1%
1992 28% 55.3% 28.2% 59.1%
1991 29.9% 58.7% 27.4% 67.3%
1990 32.9% 56.6% 30.5% 74.1%

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

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 70.1% in Malaysia, ranking 20/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Malaysia
1x
Year Deficit/surplus, % of GDP
Dominica Malaysia
2024 -2.28% -3.95%
2023 -4.66% -3.97%
2022 -7.49% -4.56%
2021 -8.61% -6.03%
2020 -7.91% -4.9%
2019 -7.95% -2.01%
2018 -18.1% -2.64%
2017 -3.37% -2.41%
2016 11% -2.6%
2015 11.8% -2.55%
2014 -5.65% -2.63%
2013 -2.95% -3.48%
2012 -5.48% -3.1%
2011 -4.34% -3.57%
2010 -3.41% -4.32%
2009 -0.31% -5.88%
2008 0.72% -3.4%
2007 1.88% -2.57%
2006 3.04% -2.6%
2005 0.98% -2.83%
2004 -0.67% -3.35%
2003 0.88% -4.6%
2002 -4.13% -3.96%
2001 -6.48% -4.36%
2000 -8.75% -6.05%
1999 -9.2% -3%
1998 -6.08% -0.63%
1997 -2.31% 4.84%
1996 -1.62% 3.27%
1995 -2.97% 3.1%
1994 -3.42% 5.45%
1993 -1.46% 3.44%
1992 -2.28% 1.81%
1991 -3.08% 1.6%
1990 -4.87% 0.15%

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

GeoRank.org/economy/dominica/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 35 years, Dominica recorded a fiscal deficit in 28 of those years, while Malaysia ran a deficit in 27 years. On average, Dominica posted an annual deficit equal to 3.13% of GDP, compared to deficit of 2.07% of GDP for Malaysia.

Inflation comparison by year

Inflation
Dominica

Malaysia
1x
Year Consumer prices inflation
Dominica Malaysia
2024 2.57% 1.83%
2023 5.09% 2.49%
2022 2.88% 3.38%
2021 2.23% 2.48%
2020 1.22% -1.14%
2019 1.5% 0.66%
2018 0.99% 0.88%
2017 0.3% 3.87%
2016 0.14% 2.09%
2015 -0.84% 2.1%
2014 0.8% 3.14%
2013 -0.05% 2.11%
2012 1.36% 1.66%
2011 1.13% 3.17%
2010 3% 1.62%
2009 0.006% 0.58%
2008 6.36% 5.44%
2007 3.63% 2.03%
2006 2.2% 3.61%
2005 1.68% 2.98%
2004 2.39% 1.42%
2003 1.45% 1.09%
2002 0.17% 1.81%
2001 1.3% 1.42%
2000 0.86% 1.53%
1999 1.18% 2.74%
1998 1% 5.27%
1997 2.44% 2.66%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 2.25% in Malaysia. In 2024, inflation was 2.57% in Dominica and 1.83% in Malaysia.

Top exports between countries

Dominica
Export category Export value
Metals $2K
Malaysia
Export category Export value
Processed food, beverages & tobacco $545K
Animal & marine products $118K
Chemicals & pharma $28K
Machinery & equipment $22K
Textiles & consumer goods $21K
Miscellaneous $13K
Metals $9K
Raw materials & minerals $7K
Wood & paper products $1K

Balance of trade

Dominica Malaysia
Current account balance
-$160M
2024
$7.15B
2024
Current account balance ranking
94/190
2024
26/190
2024
Current account balance, % of GDP
-23.2%
2024
+1.69%
2024
Goods imports
$231M
2024
$223B
2024
Goods exports
$22M
2024
$248B
2024
Service imports
$157M
2024
$56.4B
2024
Service exports
$191M
2024
$53.4B
2024
Imports of goods and services, % of GDP n/a
66%
2024
Exports of goods and services, % of GDP
8.5%
2025
71.3%
2024

Economic freedom indices

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

Dominica Malaysia
Economic freedom 56.1 68
Economic freedom ranking 124/197 51/197
Property rights 65.8 62.7
Government integrity 61.2 52.9
Judicial effectiveness 77.3 63.4
Tax burden 76.1 83.5
Government spending 0 82
Fiscal health 45.6 62.5
Business freedom 66.2 79.6
Labor freedom 49.8 55.4
Monetary freedom 77.7 80.8
Trade freedom 53.2 83
Investment freedom 60 60
Financial freedom 40 50

Economic freedom comparison by year

Dominica
Malaysia
1x
Year Economic freedom index
Dominica Malaysia
2026 56.1 68
2025 55.3 67.1
2024 54 65.7
2023 59.7 67.3
2022 54.4 68.1
2021 53 74.4
2020 60.8 74.7
2019 63.6 74
2018 64.5 74.5
2017 63.7 73.8
2016 67 71.5
2015 66.1 70.8
2014 65.2 69.6
2013 63.9 66.1
2012 61.6 66.4
2011 63.3 66.3
2010 63.2 64.8
2009 62.6 64.6
2008 - 63.9
2007 - 63.8
2006 - 61.6
2005 - 61.9
2004 - 59.9
2003 - 61.1
2002 - 60.1
2001 - 60.2
2000 - 66
1999 - 68.9
1998 - 68.2
1997 - 66.8
1996 - 69.9
1995 - 71.9

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Malaysia
Services, % of GDP
56.9%
2024
53.7%
2024
Industry, % of GDP
13.9%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
8.13%
2024
GNI, Atlas method
$677M
2024
$414B
2024
GNI per capita, PPP
$21,410
2024
$37,450
2024
Total reserves including gold
$156M
2024
$116B
2024
Total reserves ranking
172/177
2024
24/177
2024
Net foreign direct investment
-$36.4M
2024
-$2.55B
2024
Net inflows of foreign direct investment
$60M
2024
$15.6B
2024
Net outflows of foreign direct investment
-$401K
2024
$13B
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
n/a
Poverty at national poverty lines
29%
2020
5.8%
2023
Gross capital formation, % of GDP n/a
22%
2024

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/malaysia | 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 (2023–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.