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Economy of Dominica vs New Zealand compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $264B for New Zealand, ranking 190/197 and 53/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $145B (54.7% of GDP) in New Zealand.

Dominica vs New Zealand GDP by year

Dominica
New Zealand
1x
Year GDP, current $
Dominica New Zealand
2025 $723,859,259 $264,057,413,740
2024 $688,881,481 $261,497,198,364
2023 $659,311,111 $256,372,177,758
2022 $623,062,963 $249,723,029,451
2021 $562,911,111 $253,732,493,988
2020 $528,944,444 $213,318,129,989
2019 $644,259,259 $213,088,034,258
2018 $628,244,444 $211,726,161,989
2017 $563,355,556 $206,561,943,051
2016 $612,711,111 $188,980,351,891
2015 $583,177,778 $178,147,457,243
2014 $572,255,556 $201,435,445,068
2013 $545,325,926 $190,943,478,290
2012 $520,355,556 $176,508,049,114
2011 $532,081,481 $168,458,838,711
2010 $519,859,259 $146,887,902,524
2009 $515,618,519 $121,663,439,315
2008 $480,003,704 $133,437,126,590
2007 $444,685,185 $137,188,946,866
2006 $416,674,074 $111,538,810,713
2005 $391,455,556 $114,720,129,550
2004 $396,711,111 $103,905,210,084
2003 $373,318,519 $88,250,885,550
2002 $375,200,000 $66,627,729,311
2001 $377,462,963 $53,872,425,917
2000 $333,470,370 $52,623,281,957
1999 $331,759,259 $58,762,260,626
1998 $322,411,111 $56,227,169,851
1997 $302,988,889 $66,075,143,415
1996 $292,285,185 $70,140,835,299
1995 $274,522,222 $63,918,703,507
1994 $264,374,074 $55,314,732,279
1993 $245,525,926 $46,775,620,817
1992 $234,059,259 $41,649,829,860
1991 $219,762,963 $42,745,329,732
1990 $201,429,630 $45,495,129,385
1989 $185,137,243 $43,920,222,525
1988 $171,106,184 $45,176,811,594
1987 $151,868,754 $40,376,354,070
1986 $135,161,959 $30,604,668,357
1985 $119,491,933 $24,679,795,396
1984 $109,157,071 $21,665,975,319
1983 $98,665,191 $24,309,279,706
1982 $89,527,577 $24,164,603,059
1981 $82,107,391 $24,417,617,184
1980 $72,804,653 $23,244,547,385
1979 $55,017,759 $20,731,243,113
1978 $57,130,216 $18,530,518,395
1977 $45,872,947 $15,446,825,318
1976 - $13,604,832,424
1975 - $12,861,983,284
1974 - $13,940,981,798
1973 - $12,802,281,898
1972 - $9,567,331,065
1971 - $7,911,136,757
1970 - $6,495,605,331
1969 - $5,814,357,709
1968 - $5,228,045,415
1967 - $6,016,017,227
1966 - $5,917,437,693
1965 - $5,706,251,400
1964 - $7,340,766,415
1963 - $6,699,741,645
1962 - $6,133,158,532
1961 - $5,721,994,864
1960 - $5,536,098,360

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

GeoRank.org/economy/dominica/new-zealand | CC BY

GDP per capita in Dominica vs New Zealand by year

Dominica
GDP per capita

GDP per capita, PPP
New Zealand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica New Zealand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $49,591 -
2024 $10,405 $21,301 $49,432 $55,551
2023 $9,913 $20,286 $49,302 $54,697
2022 $9,324 $18,802 $49,142 $54,034
2021 $8,376 $15,809 $49,902 $48,249
2020 $7,828 $14,244 $42,055 $45,513
2019 $9,491 $16,021 $42,872 $45,278
2018 $9,215 $15,070 $43,204 $42,527
2017 $8,225 $12,696 $42,912 $42,244
2016 $8,803 $12,945 $40,088 $39,989
2015 $8,283 $12,093 $38,649 $37,513
2014 $8,132 $12,083 $44,600 $37,331
2013 $7,822 $11,286 $42,985 $36,263
2012 $7,529 $10,921 $40,042 $33,055
2011 $7,705 $11,123 $38,426 $32,739
2010 $7,550 $10,924 $33,762 $31,305
2009 $7,487 $10,804 $28,277 $30,746
2008 $6,971 $10,862 $31,325 $29,896
2007 $6,459 $9,949 $32,480 $29,331
2006 $6,056 $9,200 $26,655 $27,732
2005 $5,695 $8,557 $27,751 $25,677
2004 $5,779 $8,232 $25,420 $25,124
2003 $5,447 $7,714 $21,914 $23,996
2002 $5,488 $7,167 $16,874 $23,306
2001 $5,528 $7,291 $13,883 $22,511
2000 $4,867 $7,111 $13,641 $21,500
1999 $4,817 $6,759 $15,322 $20,579
1998 $4,664 $6,617 $14,738 $19,323
1997 $4,372 $6,290 $17,474 $19,100
1996 $4,211 $6,041 $18,794 $18,392
1995 $3,952 $5,749 $17,400 $17,864
1994 $3,805 $5,465 $15,280 $17,108
1993 $3,536 $5,352 $13,094 $15,900
1992 $3,376 $5,125 $11,793 $14,877
1991 $3,171 $4,914 $12,230 $14,501
1990 $2,893 $4,667 $13,663 $14,812
1989 $2,639 - $13,312 -
1988 $2,423 - $13,759 -
1987 $2,138 - $12,331 -
1986 $1,893 - $9,428 -
1985 $1,666 - $7,601 -
1984 $1,515 - $6,714 -
1983 $1,363 - $7,598 -
1982 $1,232 - $7,656 -
1981 $1,125 - $7,814 -
1980 $996 - $7,467 -
1979 $754 - $6,668 -
1978 $786 - $5,937 -
1977 $634 - $4,951 -
1976 - - $4,374 -
1975 - - $4,172 -
1974 - - $4,611 -
1973 - - $4,323 -
1972 - - $3,295 -
1971 - - $2,773 -
1970 - - $2,311 -
1969 - - $2,097 -
1968 - - $1,902 -
1967 - - $2,208 -
1966 - - $2,211 -
1965 - - $2,171 -
1964 - - $2,839 -
1963 - - $2,646 -
1962 - - $2,471 -
1961 - - $2,365 -
1960 - - $2,334 -

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

GeoRank.org/economy/dominica/new-zealand | CC BY

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while New Zealand ranks 38th at $55,551.

Economic indicators

Dominica New Zealand
Gross domestic product
$724M
2025
$264B
2025
GDP rank
190/197
2025
53/197
2025
GDP growth
3.05%
2024-2025
0.46%
2024-2025
GDP per capita
$10,989
2025
$49,591
2025
GDP per capita rank
84/197
2025
26/197
2025
GDP per capita, PPP
$21,301
2024
$55,551
2024
GDP per capita PPP rank
91/197
2024
38/197
2024
Government debt
$743M
2025
$145B
2025
Debt-to-GDP ratio
102.6%
2025
54.7%
2025
Government debt per person
$11,275
2025
$27,139
2025
Government debt per person rank
54/185
2025
27/185
2025
Average annual personal income after taxes
$6,105
2026
$36,222
2026
Market capitalization of domestic companies n/a
$103B
2025
Number of billionaires n/a
5
2026
Government expenditure, % of GDP
55.4%
2025
41.6%
2025
Consumer prices inflation
2.53%
2024-2025
2.84%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
11%
2001
5.26%
2025
Population
65501
5380024

Spending and national debt comparison by year

Dominica
Spending

Debt
New Zealand
Spending

Debt
1x
Year % of GDP
Dominica New Zealand
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 41.6% 54.7%
2024 67.4% 108.2% 41.7% 51.4%
2023 64.8% 101.3% 41% 47.3%
2022 69.7% 110% 41.7% 46.9%
2021 67% 116.3% 41.8% 47.5%
2020 66.8% 118.4% 41.9% 43.2%
2019 48.3% 97.8% 38.7% 31.8%
2018 63.4% 85.7% 36.1% 28.1%
2017 54% 84.2% 35.6% 31.1%
2016 48% 76.9% 36.4% 33.4%
2015 32.4% 68.2% 37.2% 34.2%
2014 32.7% 71.3% 37.6% 34.2%
2013 33.4% 73.9% 38.6% 34.6%
2012 36.2% 73.1% 39.7% 35.7%
2011 35.2% 69.7% 42.3% 34.7%
2010 39.4% 66.8% 42.9% 29.6%
2009 35.9% 62.5% 40.3% 24.3%
2008 34.7% 64.4% 38.4% 19%
2007 34.1% 71.8% 37% 16.3%
2006 29.7% 77.4% 37.8% 18.4%
2005 31% 82% 37.1% 20.8%
2004 30.2% 86.2% 36.1% 22.5%
2003 30.1% 94.9% 36.6% 24.7%
2002 28.6% 97.9% 36.7% 26.4%
2001 29.6% 98.5% 37.2% 28.2%
2000 38.5% 68.9% 38.2% 30%
1999 35.2% 61.8% 39.2% 32%
1998 33% 56.3% 40.1% 34.5%
1997 28.2% 47.7% 39.3% 34.6%
1996 28.5% 53.7% 39.8% 37.3%
1995 28.8% 57.4% 41.6% 43.5%
1994 27.2% 55.9% 42.7% 48.9%
1993 25.2% 53.4% 46.7% 54.6%
1992 27.4% 54% 52.4% 58.7%
1991 29% 56.9% 52.9% 58%
1990 31.5% 54.1% 49.5% 55.5%
1989 - - 47.8% 54.9%
1988 - - 46.1% 54.7%
1987 - - 46.1% 62.9%
1986 - - 46.9% 68.5%
1985 - - 46.2% 64.1%
1984 - - 40.7% 62.8%
1983 - - 41.4% 59.6%
1982 - - 39.9% 51.5%
1981 - - 39.1% 50.5%
1980 - - 38% 52.2%
1979 - - 38.4% 52%
1978 - - 36.6% 50%
1977 - - 30% 44.6%
1976 - - 31.6% 47.6%
1975 - - 30.1% 41.4%
1974 - - 27.3% 39.6%
1973 - - 27.1% 44%
1972 - - 26.4% 46%
1971 - - 26.8% 71.3%
1970 - - 24.8% 76.5%
1969 - - 25.9% 85.8%
1968 - - 26.2% 86.5%
1967 - - 26% 59.7%
1966 - - 25% 58.2%
1965 - - 24.9% 59.6%
1964 - - 19.4% 61.8%
1963 - - 19.4% 64.5%
1962 - - 21.6% 65%
1961 - - 21.1% 64.6%
1960 - - 25.3% 68.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/dominica/new-zealand | CC BY

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while New Zealand spent $110B, or 41.6% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 54.7% in New Zealand, ranking 20/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

New Zealand
1x
Year Deficit/surplus, % of GDP
Dominica New Zealand
2025 -1.35% -3.86%
2024 -6.75% -3.21%
2023 -4.52% -3.22%
2022 -7.18% -3.96%
2021 -8.22% -3.35%
2020 -7.53% -4.21%
2019 -8.72% -2.44%
2018 -17.2% 1.31%
2017 -3.27% 1.38%
2016 11.6% 0.98%
2015 11.4% 0.37%
2014 -5.54% -0.33%
2013 -2.88% -1.28%
2012 -5.41% -2.18%
2011 -4.4% -4.94%
2010 -3.38% -5.49%
2009 -0.31% -1.8%
2008 0.7% 1.48%
2007 1.8% 3.6%
2006 2.93% 4.62%
2005 0.95% 5.13%
2004 -0.67% 4.49%
2003 0.85% 3.69%
2002 -4.07% 2.56%
2001 -6.54% 1.29%
2000 -8.66% 0.18%
1999 -9.18% -1.1%
1998 -5.99% -0.47%
1997 -2.24% 1.24%
1996 -1.59% 2.58%
1995 -2.88% 3.7%
1994 -3.35% 2%
1993 -1.41% -1.51%
1992 -2.22% -6.25%
1991 -2.99% -6.12%
1990 -4.66% -2.72%
1989 - -2.16%
1988 - -1.88%
1987 - -3.43%
1986 - -5.33%
1985 - -6.97%
1984 - -8.68%
1983 - -6.64%
1982 - -6.26%
1981 - -6.02%
1980 - -4.9%
1979 - -6.55%
1978 - -3.41%
1977 - -1.09%
1976 - -2.07%
1975 - 0.11%
1974 - 0.03%
1973 - -0.07%
1972 - 0.12%
1971 - 0.09%
1970 - -0.05%
1969 - 0.17%
1968 - 0.03%
1967 - 0.02%
1966 - 0.09%
1965 - 0.26%
1964 - -0.08%
1963 - -0.26%
1962 - 0.02%
1961 - 0.03%
1960 - 0.05%
1959 - 0.03%
1958 - -0.02%
1957 - 0.32%
1956 - 1.33%
1955 - 0.73%
1954 - 0.22%
1953 - 0.43%
1952 - 1.73%
1951 - 1.17%
1950 - 0.78%
1949 - 0.53%
1948 - 0.36%
1947 - 1.07%
1946 - 0.31%
1945 - 0.32%
1944 - 0.59%
1943 - 1.24%
1942 - 0.56%
1941 - 0.64%
1940 - 0.13%
1939 - 0.34%
1938 - 0.38%
1937 - 0.23%
1936 - 0.17%
1935 - 1.19%
1934 - -0.55%
1933 - 0.02%
1932 - -1.77%
1931 - -1.12%
1930 - 0.09%
1929 - -0.37%
1928 - 0.12%
1927 - 0.4%
1926 - 0.72%
1925 - 0.78%
1924 - 1.2%
1923 - 0.95%
1922 - -0.2%
1921 - 3.55%
1920 - 1.51%
1919 - 2.9%
1918 - 4.35%
1917 - 3.89%
1916 - 1.46%
1915 - 0.06%
1914 - 0.45%
1913 - 0.79%
1912 - 0.89%
1911 - 1.24%
1910 - 0.36%
1909 - 0.31%
1908 - 1.26%
1907 - 1.13%
1906 - 0.97%
1905 - 1.41%
1904 - 1.42%
1903 - 0.55%
1902 - 0.63%
1901 - 1.11%
1900 - 1.59%
1899 - 1.15%
1898 - 1.38%
1897 - 0.86%
1896 - 0.65%
1895 - 0.32%
1894 - 0.76%
1893 - 1.14%
1892 - 0.09%
1891 - 0.46%
1890 - 0.05%
1889 - 0.59%
1888 - -1.64%
1887 - -1.63%
1886 - -0.53%
1885 - -0.47%
1884 - -0.1%
1883 - 0.38%
1882 - 0.18%
1881 - -2.33%
1880 - -2.39%
1879 - -0.55%
1878 - -0.85%
1877 - -2.53%
1876 - -5.28%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1876–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/new-zealand | 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 New Zealand's deficit of $10.2B, or 3.86% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while New Zealand ran a deficit in 19 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 0.5% of GDP for New Zealand.

Inflation comparison by year

Inflation
Dominica

New Zealand
1x
Year Consumer prices inflation
Dominica New Zealand
2025 2.53% 2.84%
2024 2.74% 2.92%
2023 5.09% 5.73%
2022 2.88% 7.17%
2021 2.23% 3.94%
2020 1.22% 1.71%
2019 1.5% 1.62%
2018 0.99% 1.6%
2017 0.3% 1.85%
2016 0.14% 0.65%
2015 -0.84% 0.29%
2014 0.8% 1.23%
2013 -0.05% 1.13%
2012 1.36% 1.06%
2011 1.13% 4.03%
2010 3% 2.3%
2009 0.006% 2.12%
2008 6.36% 3.96%
2007 3.63% 2.38%
2006 2.2% 3.37%
2005 1.68% 3.04%
2004 2.39% 2.29%
2003 1.45% 1.75%
2002 0.17% 2.68%
2001 1.3% 2.63%
2000 0.86% 2.62%
1999 1.18% -0.11%
1998 1% 1.27%
1997 2.44% 1.19%

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

GeoRank.org/economy/dominica/new-zealand | CC BY

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 2.39% in New Zealand. In 2025, inflation was 2.53% in Dominica and 2.84% in New Zealand.

Top exports between countries

Dominica
Export category Export value
New Zealand
Export category Export value
Animal & marine products $151K
Transport & tourism services $100K
Machinery & equipment $1K

Balance of trade

Dominica New Zealand
Current account balance
-$275M
2025
-$9.56B
2025
Current account balance ranking
94/190
2025
174/190
2025
Current account balance, % of GDP
-38%
2025
-3.62%
2025
Goods imports
$275M
2025
$48.2B
2025
Goods exports
$29.8M
2025
$47.2B
2025
Service imports
$208M
2025
$20.3B
2025
Service exports
$181M
2025
$19.5B
2025
Imports of goods and services, % of GDP n/a
26%
2024
Exports of goods and services, % of GDP
8.5%
2026
24.7%
2024

Economic freedom indices

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

Dominica New Zealand
Economic freedom 56.1 77.8
Economic freedom ranking 124/197 13/197
Property rights 65.8 85.4
Government integrity 61.2 90
Judicial effectiveness 77.3 95.9
Tax burden 76.1 66.1
Government spending 0 48
Fiscal health 45.6 72.2
Business freedom 66.2 89.1
Labor freedom 49.8 68.6
Monetary freedom 77.7 77.4
Trade freedom 53.2 90.6
Investment freedom 60 70
Financial freedom 40 80

Economic freedom comparison by year

Dominica
New Zealand
1x
Year Economic freedom index
Dominica New Zealand
2026 56.1 77.8
2025 55.3 78.1
2024 54 77.8
2023 59.7 78.9
2022 54.4 80.6
2021 53 83.9
2020 60.8 84.1
2019 63.6 84.4
2018 64.5 84.2
2017 63.7 83.7
2016 67 81.6
2015 66.1 82.1
2014 65.2 81.2
2013 63.9 81.4
2012 61.6 82.1
2011 63.3 82.3
2010 63.2 82.1
2009 62.6 82
2008 - 80.7
2007 - 81.4
2006 - 82
2005 - 82.3
2004 - 81.5
2003 - 81.1
2002 - 80.7
2001 - 81.1
2000 - 80.9
1999 - 81.7
1998 - 79.2
1997 - 79
1996 - 78.1

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

GeoRank.org/economy/dominica/new-zealand | CC BY

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 77.8 for New Zealand, ranking 13/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica New Zealand
Services, % of GDP
57.2%
2025
68.2%
2023
Industry, % of GDP
14.1%
2025
19.4%
2023
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
4.01%
2023
GNI, Atlas method
$704M
2025
$248B
2025
GNI per capita, PPP
$22,130
2025
$53,600
2025
Total reserves including gold
$165M
2025
$28.2B
2025
Total reserves ranking
172/177
2025
59/177
2025
Net foreign direct investment
-$49.5M
2025
-$3.58B
2025
Net inflows of foreign direct investment
$60M
2024
$1.76B
2024
Net outflows of foreign direct investment
-$401K
2024
$882M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
n/a
Gross capital formation, % of GDP n/a
23.1%
2024

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/new-zealand | 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 (1876–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, 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.