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Economy of Dominica vs Nepal compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $45.5B for Nepal, ranking 190/197 and 102/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $21.9B (48.1% of GDP) in Nepal.

Dominica vs Nepal GDP by year

Dominica
Nepal
1x
Year GDP, current $
Dominica Nepal
2025 $723,859,259 $45,489,810,283
2024 $688,881,481 $43,298,911,700
2023 $659,311,111 $41,049,329,851
2022 $623,062,963 $41,182,939,520
2021 $562,911,111 $36,924,841,394
2020 $528,944,444 $33,433,659,301
2019 $644,259,259 $34,186,180,699
2018 $628,244,444 $33,111,525,237
2017 $563,355,556 $28,971,588,940
2016 $612,711,111 $24,524,109,484
2015 $583,177,778 $24,360,801,287
2014 $572,255,556 $22,731,612,922
2013 $545,325,926 $22,162,204,925
2012 $520,355,556 $21,703,100,877
2011 $532,081,481 $21,573,872,421
2010 $519,859,259 $16,002,656,434
2009 $515,618,519 $12,854,985,464
2008 $480,003,704 $12,545,438,605
2007 $444,685,185 $10,325,618,017
2006 $416,674,074 $9,043,715,356
2005 $391,455,556 $8,130,258,378
2004 $396,711,111 $7,273,938,315
2003 $373,318,519 $6,330,473,097
2002 $375,200,000 $6,050,875,807
2001 $377,462,963 $6,007,055,042
2000 $333,470,370 $5,494,252,208
1999 $331,759,259 $5,033,642,384
1998 $322,411,111 $4,856,255,044
1997 $302,988,889 $4,918,691,917
1996 $292,285,185 $4,521,580,381
1995 $274,522,222 $4,401,104,418
1994 $264,374,074 $4,066,775,510
1993 $245,525,926 $3,660,041,667
1992 $234,059,259 $3,401,211,581
1991 $219,762,963 $3,921,476,085
1990 $201,429,630 $3,627,560,239
1989 $185,137,243 $3,525,225,787
1988 $171,106,184 $3,487,009,748
1987 $151,868,754 $2,957,255,380
1986 $135,161,959 $2,850,782,044
1985 $119,491,933 $2,619,913,956
1984 $109,157,071 $2,581,207,388
1983 $98,665,191 $2,447,174,803
1982 $89,527,577 $2,395,423,742
1981 $82,107,391 $2,275,583,317
1980 $72,804,653 $1,945,916,583
1979 $55,017,759 $1,851,250,008
1978 $57,130,216 $1,604,162,497
1977 $45,872,947 $1,382,400,000
1976 - $1,452,788,985
1975 - $1,575,789,254
1974 - $1,217,953,547
1973 - $972,101,725
1972 - $1,024,098,400
1971 - $882,765,472
1970 - $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

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

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

GDP per capita in Dominica vs Nepal by year

Dominica
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $1,536 -
2024 $10,405 $21,301 $1,460 $5,737
2023 $9,913 $20,286 $1,382 $5,395
2022 $9,324 $18,802 $1,386 $5,103
2021 $8,376 $15,809 $1,253 $4,546
2020 $7,828 $14,244 $1,154 $4,236
2019 $9,491 $16,021 $1,203 $4,261
2018 $9,215 $15,070 $1,179 $3,956
2017 $8,225 $12,696 $1,034 $3,605
2016 $8,803 $12,945 $877 $2,976
2015 $8,283 $12,093 $876 $2,957
2014 $8,132 $12,083 $821 $2,901
2013 $7,822 $11,286 $803 $2,658
2012 $7,529 $10,921 $788 $2,466
2011 $7,705 $11,123 $786 $2,248
2010 $7,550 $10,924 $585 $2,139
2009 $7,487 $10,804 $473 $2,029
2008 $6,971 $10,862 $465 $1,942
2007 $6,459 $9,949 $385 $1,809
2006 $6,056 $9,200 $340 $1,718
2005 $5,695 $8,557 $309 $1,628
2004 $5,779 $8,232 $279.6 $1,542
2003 $5,447 $7,714 $246.4 $1,453
2002 $5,488 $7,167 $238.9 $1,390
2001 $5,528 $7,291 $240.8 $1,388
2000 $4,867 $7,111 $223.8 $1,317
1999 $4,817 $6,759 $208.6 $1,234
1998 $4,664 $6,617 $205.1 $1,187
1997 $4,372 $6,290 $211.8 $1,162
1996 $4,211 $6,041 $198.8 $1,110
1995 $3,952 $5,749 $197.8 $1,058
1994 $3,805 $5,465 $187.3 $1,026
1993 $3,536 $5,352 $172.8 $952
1992 $3,376 $5,125 $165 $920
1991 $3,171 $4,914 $195.7 $889
1990 $2,893 $4,667 $185.8 $830
1989 $2,639 - $185 -
1988 $2,423 - $187.1 -
1987 $2,138 - $162 -
1986 $1,893 - $159.5 -
1985 $1,666 - $149.9 -
1984 $1,515 - $151.1 -
1983 $1,363 - $146.6 -
1982 $1,232 - $147 -
1981 $1,125 - $142.9 -
1980 $996 - $125.1 -
1979 $754 - $121.9 -
1978 $786 - $108.1 -
1977 $634 - $95.3 -
1976 - - $102.5 -
1975 - - $113.6 -
1974 - - $89.8 -
1973 - - $73.2 -
1972 - - $78.8 -
1971 - - $69.5 -
1970 - - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $1,536 in Nepal, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Nepal ranks 155th at $5,737.

Economic indicators

Dominica Nepal
Gross domestic product
$724M
2025
$45.5B
2025
GDP rank
190/197
2025
102/197
2025
GDP growth
3.05%
2024-2025
4.43%
2024-2025
GDP per capita
$10,989
2025
$1,536
2025
GDP per capita rank
84/197
2025
165/197
2025
GDP per capita, PPP
$21,301
2024
$5,737
2024
GDP per capita PPP rank
91/197
2024
155/197
2024
Government debt
$743M
2025
$21.9B
2025
Debt-to-GDP ratio
102.6%
2025
48.1%
2025
Government debt per person
$11,275
2025
$740
2025
Government debt per person rank
54/185
2025
154/185
2025
Average annual personal income after taxes
$6,105
2026
$1,743
2026
Number of billionaires n/a
2
2026
Income share by richest 10% n/a
24.2%
2022
Income share by poorest 10% n/a
3.7%
2022
Government expenditure, % of GDP
55.4%
2025
21.8%
2025
Consumer prices inflation
2.53%
2024-2025
2.65%
2024-2025
Unemployment rate
11%
2001
10.7%
2017
Population
65501
29619950

Spending and national debt comparison by year

Dominica
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Dominica Nepal
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 21.8% 48.1%
2024 67.4% 108.2% 21.8% 48.3%
2023 64.8% 101.3% 25.1% 47%
2022 69.7% 110% 26.1% 42.7%
2021 67% 116.3% 27.2% 43.3%
2020 66.8% 118.4% 28.5% 43.3%
2019 48.3% 97.8% 27.1% 34%
2018 63.4% 85.7% 28% 31.1%
2017 54% 84.2% 23.6% 25%
2016 48% 76.9% 19% 25%
2015 32.4% 68.2% 17.7% 25.7%
2014 32.7% 71.3% 16.6% 27.6%
2013 33.4% 73.9% 15.5% 31.9%
2012 36.2% 73.1% 16.8% 34.5%
2011 35.2% 69.7% 16.3% 32.4%
2010 39.4% 66.8% 16.5% 35.4%
2009 35.9% 62.5% 17% 39.5%
2008 34.7% 64.4% 13.4% 36.8%
2007 34.1% 71.8% 13.1% 37.9%
2006 29.7% 77.4% 11.2% 42.9%
2005 31% 82% 12% 45.1%
2004 30.2% 86.2% 11.8% 51.3%
2003 30.1% 94.9% 12% 53%
2002 28.6% 97.9% 13% 51.8%
2001 29.6% 98.5% 12.9% 50.8%
2000 38.5% 68.9% 11.4% 50.8%
1999 35.2% 61.8% - -
1998 33% 56.3% - -
1997 28.2% 47.7% - -
1996 28.5% 53.7% - -
1995 28.8% 57.4% - -
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/nepal | CC BY

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Nepal spent $9.93B, or 21.8% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 48.1% in Nepal, ranking 20/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Nepal
1x
Year Deficit/surplus, % of GDP
Dominica Nepal
2025 -1.35% -1.86%
2024 -6.75% -2.46%
2023 -4.52% -5.81%
2022 -7.18% -3.12%
2021 -8.22% -3.98%
2020 -7.53% -7.47%
2019 -8.72% -4.27%
2018 -17.2% -5.83%
2017 -3.27% -2.69%
2016 11.6% 1.2%
2015 11.4% 0.46%
2014 -5.54% 1.36%
2013 -2.88% 1.57%
2012 -5.41% -1.18%
2011 -4.4% -0.72%
2010 -3.38% -0.67%
2009 -0.31% -2.24%
2008 0.7% -0.29%
2007 1.8% -0.67%
2006 2.93% 0.24%
2005 0.95% 0.24%
2004 -0.67% -0.14%
2003 0.85% -0.34%
2002 -4.07% -2.46%
2001 -6.54% -2.35%
2000 -8.66% -1.48%
1999 -9.18% -
1998 -5.99% -
1997 -2.24% -
1996 -1.59% -
1995 -2.88% -
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/nepal | 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 Nepal's deficit of $845M, or 1.86% of GDP.

Over the past 26 years, Dominica recorded a fiscal deficit in 19 of those years, while Nepal ran a deficit in 20 years. On average, Dominica posted an annual deficit equal to 2.94% of GDP, compared to deficit of 1.73% of GDP for Nepal.

Inflation comparison by year

Inflation
Dominica

Nepal
1x
Year Consumer prices inflation
Dominica Nepal
2025 2.53% 2.65%
2024 2.74% 4.69%
2023 5.09% 7.12%
2022 2.88% 7.67%
2021 2.23% 4.13%
2020 1.22% 5.06%
2019 1.5% 5.57%
2018 0.99% 4.41%
2017 0.3% 2.78%
2016 0.14% 8.79%
2015 -0.84% 7.87%
2014 0.8% 8.36%
2013 -0.05% 9.04%
2012 1.36% 9.46%
2011 1.13% 9.23%
2010 3% 9.33%
2009 0.006% 11.1%
2008 6.36% 9.91%
2007 3.63% 2.27%
2006 2.2% 6.92%
2005 1.68% 6.84%
2004 2.39% 2.84%
2003 1.45% 5.71%
2002 0.17% 3.03%
2001 1.3% 2.69%
2000 0.86% 2.48%
1999 1.18% 7.45%
1998 1% 11.2%
1997 2.44% 4.01%

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

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 6.3% in Nepal. In 2025, inflation was 2.53% in Dominica and 2.65% in Nepal.

Top exports between countries

Dominica
Export category Export value
Nepal
Export category Export value
Textiles & consumer goods $2K

Balance of trade

Dominica Nepal
Current account balance
-$275M
2025
$1.68B
2024
Current account balance ranking
94/190
2025
47/190
2024
Current account balance, % of GDP
-38%
2025
+3.88%
2024
Goods imports
$275M
2025
$12.1B
2024
Goods exports
$29.8M
2025
$1.54B
2024
Service imports
$208M
2025
$2.27B
2024
Service exports
$181M
2025
$1.9B
2024
Imports of goods and services, % of GDP n/a
33.7%
2025
Exports of goods and services, % of GDP
8.5%
2026
8.83%
2025

Economic freedom indices

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

Dominica Nepal
Economic freedom 56.1 52.9
Economic freedom ranking 124/197 144/197
Property rights 65.8 38.8
Government integrity 61.2 38.9
Judicial effectiveness 77.3 42.9
Tax burden 76.1 84.3
Government spending 0 82.1
Fiscal health 45.6 71
Business freedom 66.2 60.8
Labor freedom 49.8 48.2
Monetary freedom 77.7 69.4
Trade freedom 53.2 58.6
Investment freedom 60 10
Financial freedom 40 30

Economic freedom comparison by year

Dominica
Nepal
1x
Year Economic freedom index
Dominica Nepal
2026 56.1 52.9
2025 55.3 52.5
2024 54 52.1
2023 59.7 51.4
2022 54.4 49.7
2021 53 50.7
2020 60.8 54.2
2019 63.6 53.8
2018 64.5 54.1
2017 63.7 55.1
2016 67 50.9
2015 66.1 51.3
2014 65.2 50.1
2013 63.9 50.4
2012 61.6 50.2
2011 63.3 50.1
2010 63.2 52.7
2009 62.6 53.2
2008 - 54.1
2007 - 54.4
2006 - 53.7
2005 - 51.4
2004 - 51.2
2003 - 51.5
2002 - 52.3
2001 - 51.6
2000 - 51.3
1999 - 53.1
1998 - 53.5
1997 - 53.6
1996 - 50.3

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Nepal
Services, % of GDP
57.2%
2025
54.4%
2025
Industry, % of GDP
14.1%
2025
12.1%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
21.6%
2025
GNI, Atlas method
$704M
2025
$46.5B
2025
GNI per capita, PPP
$22,130
2025
$6,250
2025
Total reserves including gold
$165M
2025
$21.1B
2025
Total reserves ranking
172/177
2025
65/177
2025
Net foreign direct investment
-$49.5M
2025
-$56.9M
2024
Net inflows of foreign direct investment
$60M
2024
$56.9M
2024
Net outflows of foreign direct investment
-$401K
2024
$0
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
1.22%
2024
Poverty at national poverty lines
29%
2020
20.3%
2022
Gross capital formation, % of GDP n/a
29.4%
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/nepal | 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 (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.