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Economy of Dominica vs Mexico compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $1.83T for Mexico, ranking 190/197 and 14/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $1.13T (61.8% of GDP) in Mexico.

Dominica vs Mexico GDP by year

Dominica
Mexico
1x
Year GDP, current $
Dominica Mexico
2025 $723,859,259 $1,832,641,364,776
2024 $688,881,481 $1,830,489,311,089
2023 $659,311,111 $1,794,410,347,718
2022 $623,062,963 $1,466,934,724,243
2021 $562,911,111 $1,316,569,466,834
2020 $528,944,444 $1,121,064,767,169
2019 $644,259,259 $1,304,106,204,006
2018 $628,244,444 $1,256,300,182,984
2017 $563,355,556 $1,190,721,475,853
2016 $612,711,111 $1,112,233,497,453
2015 $583,177,778 $1,213,294,467,654
2014 $572,255,556 $1,364,507,717,689
2013 $545,325,926 $1,327,436,290,439
2012 $520,355,556 $1,255,110,424,742
2011 $532,081,481 $1,229,013,703,417
2010 $519,859,259 $1,105,424,238,652
2009 $515,618,519 $943,437,414,951
2008 $480,003,704 $1,161,553,459,985
2007 $444,685,185 $1,102,355,554,880
2006 $416,674,074 $1,020,265,057,882
2005 $391,455,556 $917,571,853,437
2004 $396,711,111 $819,459,227,375
2003 $373,318,519 $765,549,967,889
2002 $375,200,000 $810,666,116,402
2001 $377,462,963 $796,064,590,549
2000 $333,470,370 $742,061,329,749
1999 $331,759,259 $631,249,359,702
1998 $322,411,111 $557,461,102,631
1997 $302,988,889 $523,449,530,464
1996 $292,285,185 $432,157,945,024
1995 $274,522,222 $380,157,469,867
1994 $264,374,074 $553,618,247,901
1993 $245,525,926 $530,160,763,663
1992 $234,059,259 $363,157,832,924
1991 $219,762,963 $313,139,656,146
1990 $201,429,630 $261,253,675,693
1989 $185,137,243 $221,403,098,267
1988 $171,106,184 $181,611,150,497
1987 $151,868,754 $147,542,558,209
1986 $135,161,959 $134,556,034,673
1985 $119,491,933 $195,241,069,482
1984 $109,157,071 $184,230,754,105
1983 $98,665,191 $156,167,000,433
1982 $89,527,577 $184,602,611,610
1981 $82,107,391 $263,797,827,860
1980 $72,804,653 $205,577,055,466
1979 $55,017,759 $134,531,900,899
1978 $57,130,216 $102,648,570,299
1977 $45,872,947 $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Dominica vs Mexico by year

Dominica
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $13,889 -
2024 $10,405 $21,301 $13,988 $26,185
2023 $9,913 $20,286 $13,831 $25,243
2022 $9,324 $18,802 $11,406 $23,135
2021 $8,376 $15,809 $10,314 $20,783
2020 $7,828 $14,244 $8,841 $19,354
2019 $9,491 $16,021 $10,370 $20,964
2018 $9,215 $15,070 $10,085 $20,921
2017 $8,225 $12,696 $9,649 $20,489
2016 $8,803 $12,945 $9,098 $20,105
2015 $8,283 $12,093 $10,021 $19,071
2014 $8,132 $12,083 $11,391 $18,821
2013 $7,822 $11,286 $11,217 $18,170
2012 $7,529 $10,921 $10,744 $18,005
2011 $7,705 $11,123 $10,664 $17,267
2010 $7,550 $10,924 $9,729 $15,909
2009 $7,487 $10,804 $8,424 $15,191
2008 $6,971 $10,862 $10,524 $15,681
2007 $6,459 $9,949 $10,134 $15,032
2006 $6,056 $9,200 $9,513 $14,540
2005 $5,695 $8,557 $8,672 $13,260
2004 $5,779 $8,232 $7,850 $12,658
2003 $5,447 $7,714 $7,434 $12,066
2002 $5,488 $7,167 $7,983 $11,762
2001 $5,528 $7,291 $7,953 $11,739
2000 $4,867 $7,111 $7,524 $11,705
1999 $4,817 $6,759 $6,500 $11,031
1998 $4,664 $6,617 $5,833 $10,756
1997 $4,372 $6,290 $5,567 $10,182
1996 $4,211 $6,041 $4,674 $9,496
1995 $3,952 $5,749 $4,184 $8,933
1994 $3,805 $5,465 $6,202 $9,466
1993 $3,536 $5,352 $6,048 $9,041
1992 $3,376 $5,125 $4,221 $9,470
1991 $3,171 $4,914 $3,709 $9,079
1990 $2,893 $4,667 $3,154 $8,578
1989 $2,639 - $2,725 -
1988 $2,423 - $2,279 -
1987 $2,138 - $1,888 -
1986 $1,893 - $1,757 -
1985 $1,666 - $2,602 -
1984 $1,515 - $2,506 -
1983 $1,363 - $2,170 -
1982 $1,232 - $2,621 -
1981 $1,125 - $3,829 -
1980 $996 - $3,055 -
1979 $754 - $2,049 -
1978 $786 - $1,604 -
1977 $634 - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $13,889 in Mexico, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Mexico ranks 80th at $26,185.

Economic indicators

Dominica Mexico
Gross domestic product
$724M
2025
$1.83T
2025
GDP rank
190/197
2025
14/197
2025
GDP growth
3.05%
2024-2025
0.56%
2024-2025
GDP per capita
$10,989
2025
$13,889
2025
GDP per capita rank
84/197
2025
76/197
2025
GDP per capita, PPP
$21,301
2024
$26,185
2024
GDP per capita PPP rank
91/197
2024
80/197
2024
Government debt
$743M
2025
$1.13T
2025
Debt-to-GDP ratio
102.6%
2025
61.8%
2025
Government debt per person
$11,275
2025
$8,577
2025
Government debt per person rank
54/185
2025
66/185
2025
Average annual personal income after taxes
$6,105
2026
$10,482
2026
Market capitalization of domestic companies n/a
$560B
2025
Number of millionaires n/a
333,000
2026
Number of billionaires n/a
22
2026
Income share by richest 10% n/a
33.4%
2024
Income share by poorest 10% n/a
2.1%
2024
Government expenditure, % of GDP
55.4%
2025
29.8%
2025
Consumer prices inflation
2.53%
2024-2025
3.81%
2024-2025
Central bank interest rate n/a
6.5%
2026
Unemployment rate
11%
2001
2.54%
2025
Population
65501
133551566

Spending and national debt comparison by year

Dominica
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Dominica Mexico
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 29.8% 61.8%
2024 67.4% 108.2% 30.8% 59.1%
2023 64.8% 101.3% 28.6% 52.8%
2022 69.7% 110% 28.5% 53.8%
2021 67% 116.3% 26.7% 56.7%
2020 66.8% 118.4% 27.8% 58.5%
2019 48.3% 97.8% 25.3% 51.9%
2018 63.4% 85.7% 25% 52.2%
2017 54% 84.2% 25% 52.5%
2016 48% 76.9% 26.5% 55%
2015 32.4% 68.2% 26.6% 51%
2014 32.7% 71.3% 26.9% 47.1%
2013 33.4% 73.9% 26.7% 44.1%
2012 36.2% 73.1% 27% 40.8%
2011 35.2% 69.7% 26.6% 41.2%
2010 39.4% 66.8% 26.5% 40.2%
2009 35.9% 62.5% 26.5% 41.7%
2008 34.7% 64.4% 26.5% 40.6%
2007 34.1% 71.8% 22.5% 35.5%
2006 29.7% 77.4% 21.6% 35.8%
2005 31% 82% 21.2% 36.8%
2004 30.2% 86.2% 20.5% 38.9%
2003 30.1% 94.9% 21.5% 42.1%
2002 28.6% 97.9% 19.8% 39.9%
2001 29.6% 98.5% 19.5% 37.3%
2000 38.5% 68.9% 19.4% 38.5%
1999 35.2% 61.8% 20.1% 41.7%
1998 33% 56.3% 19.5% 39.7%
1997 28.2% 47.7% 20.7% 39.1%
1996 28.5% 53.7% 20.8% 42.5%
1995 28.8% 57.4% 18.9% 30.7%
1994 27.2% 55.9% 18.9% 26.8%
1993 25.2% 53.4% 18.2% 19.2%
1992 27.4% 54% 19% 21.5%
1991 29% 56.9% 20.1% 29.2%
1990 31.5% 54.1% 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Mexico spent $547B, or 29.8% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 61.8% in Mexico, ranking 20/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Mexico
1x
Year Deficit/surplus, % of GDP
Dominica Mexico
2025 -1.35% -4.86%
2024 -6.75% -5.78%
2023 -4.52% -4.3%
2022 -7.18% -4.32%
2021 -8.22% -3.75%
2020 -7.53% -4.29%
2019 -8.72% -2.27%
2018 -17.2% -2.14%
2017 -3.27% -1.03%
2016 11.6% -2.68%
2015 11.4% -3.86%
2014 -5.54% -4.37%
2013 -2.88% -3.56%
2012 -5.41% -3.57%
2011 -4.4% -3.2%
2010 -3.38% -3.8%
2009 -0.31% -3.94%
2008 0.7% -0.68%
2007 1.8% -1.46%
2006 2.93% -1.23%
2005 0.95% -1.43%
2004 -0.67% -1.35%
2003 0.85% -2.24%
2002 -4.07% -2.18%
2001 -6.54% -2.57%
2000 -8.66% -2.69%
1999 -9.18% -4.49%
1998 -5.99% -4.49%
1997 -2.24% -3.48%
1996 -1.59% -3.66%
1995 -2.88% -2.28%
1994 -3.35% -2.25%
1993 -1.41% -1.51%
1992 -2.22% 2.26%
1991 -2.99% 1.49%
1990 -4.66% -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/mexico | 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 Mexico's deficit of $89B, or 4.86% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Mexico ran a deficit in 34 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 2.75% of GDP for Mexico.

Inflation comparison by year

Inflation
Dominica

Mexico
1x
Year Consumer prices inflation
Dominica Mexico
2025 2.53% 3.81%
2024 2.74% 4.72%
2023 5.09% 5.53%
2022 2.88% 7.9%
2021 2.23% 5.69%
2020 1.22% 3.4%
2019 1.5% 3.64%
2018 0.99% 4.9%
2017 0.3% 6.04%
2016 0.14% 2.82%
2015 -0.84% 2.72%
2014 0.8% 4.02%
2013 -0.05% 3.81%
2012 1.36% 4.11%
2011 1.13% 3.41%
2010 3% 4.16%
2009 0.006% 5.3%
2008 6.36% 5.12%
2007 3.63% 3.97%
2006 2.2% 3.63%
2005 1.68% 3.99%
2004 2.39% 4.69%
2003 1.45% 4.55%
2002 0.17% 5.03%
2001 1.3% 6.37%
2000 0.86% 9.49%
1999 1.18% 16.6%
1998 1% 15.9%
1997 2.44% 20.6%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 6.07% in Mexico. In 2025, inflation was 2.53% in Dominica and 3.81% in Mexico.

Top exports between countries

Dominica
Export category Export value
Machinery & equipment $4K
Mexico
Export category Export value
Chemicals & pharma $278K
Textiles & consumer goods $257K
Machinery & equipment $132K
Metals $32K
Miscellaneous $21K
Wood & paper products $10K

Balance of trade

Dominica Mexico
Current account balance
-$275M
2025
-$8.2B
2025
Current account balance ranking
94/190
2025
171/190
2025
Current account balance, % of GDP
-38%
2025
-0.45%
2025
Goods imports
$275M
2025
$665B
2025
Goods exports
$29.8M
2025
$666B
2025
Service imports
$208M
2025
$75.4B
2025
Service exports
$181M
2025
$64B
2025
Imports of goods and services, % of GDP n/a
40.3%
2025
Exports of goods and services, % of GDP
8.5%
2026
39.6%
2025

Economic freedom indices

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

Dominica Mexico
Economic freedom 56.1 59.8
Economic freedom ranking 124/197 102/197
Property rights 65.8 37.6
Government integrity 61.2 28.8
Judicial effectiveness 77.3 40.4
Tax burden 76.1 75.4
Government spending 0 74.6
Fiscal health 45.6 56.7
Business freedom 66.2 67
Labor freedom 49.8 57.3
Monetary freedom 77.7 70.6
Trade freedom 53.2 74.2
Investment freedom 60 75
Financial freedom 40 60

Economic freedom comparison by year

Dominica
Mexico
1x
Year Economic freedom index
Dominica Mexico
2026 56.1 59.8
2025 55.3 61.3
2024 54 62
2023 59.7 63.2
2022 54.4 63.7
2021 53 65.5
2020 60.8 66
2019 63.6 64.7
2018 64.5 64.8
2017 63.7 63.6
2016 67 65.2
2015 66.1 66.4
2014 65.2 66.8
2013 63.9 67
2012 61.6 65.3
2011 63.3 67.8
2010 63.2 68.3
2009 62.6 65.8
2008 - 66.2
2007 - 66
2006 - 64.7
2005 - 65.2
2004 - 66
2003 - 65.3
2002 - 63
2001 - 60.6
2000 - 59.3
1999 - 58.5
1998 - 57.9
1997 - 57.1
1996 - 61.2
1995 - 63.1

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Mexico
Services, % of GDP
57.2%
2025
58.9%
2025
Industry, % of GDP
14.1%
2025
30.6%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
3.88%
2025
GNI, Atlas method
$704M
2025
$1.81T
2025
GNI per capita, PPP
$22,130
2025
$25,070
2025
Total reserves including gold
$165M
2025
$256B
2025
Total reserves ranking
172/177
2025
17/177
2025
Net foreign direct investment
-$49.5M
2025
-$31.8B
2025
Net inflows of foreign direct investment
$60M
2024
$45.5B
2024
Net outflows of foreign direct investment
-$401K
2024
$13B
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
3.77%
2024
Poverty at national poverty lines
29%
2020
29.6%
2024
Gross capital formation, % of GDP n/a
22.6%
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/mexico | 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 (1900–1995, 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 (2020–2025, 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.