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Economy of Dominica vs Nicaragua compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $22.2B for Nicaragua, ranking 190/197 and 128/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $7.74B (34.8% of GDP) in Nicaragua.

Dominica vs Nicaragua GDP by year

Dominica
Nicaragua
1x
Year GDP, current $
Dominica Nicaragua
2025 $723,859,259 $22,237,167,113
2024 $688,881,481 $19,696,311,850
2023 $659,311,111 $17,805,842,221
2022 $623,062,963 $15,634,573,556
2021 $562,911,111 $14,209,019,392
2020 $528,944,444 $12,726,422,432
2019 $644,259,259 $12,699,023,614
2018 $628,244,444 $13,025,221,974
2017 $563,355,556 $13,785,893,007
2016 $612,711,111 $13,286,093,388
2015 $583,177,778 $12,756,696,261
2014 $572,255,556 $11,880,438,824
2013 $545,325,926 $10,982,988,249
2012 $520,355,556 $10,532,017,232
2011 $532,081,481 $9,774,329,333
2010 $519,859,259 $8,758,602,233
2009 $515,618,519 $8,298,702,489
2008 $480,003,704 $8,496,967,597
2007 $444,685,185 $7,423,375,015
2006 $416,674,074 $6,763,672,381
2005 $391,455,556 $6,321,324,279
2004 $396,711,111 $5,792,932,838
2003 $373,318,519 $5,322,228,351
2002 $375,200,000 $5,223,727,303
2001 $377,462,963 $5,351,752,034
2000 $333,470,370 $5,109,587,050
1999 $331,759,259 $4,856,026,259
1998 $322,411,111 $4,635,347,386
1997 $302,988,889 $4,389,973,490
1996 $292,285,185 $4,308,351,903
1995 $274,522,222 $4,140,470,000
1994 $264,374,074 $3,863,185,119
1993 $245,525,926 $1,756,454,248
1992 $234,059,259 $1,792,800,000
1991 $219,762,963 $1,488,804,124
1990 $201,429,630 $1,009,455,484
1989 $185,137,243 $1,013,184,756
1988 $171,106,184 $2,630,900,096
1987 $151,868,754 $3,851,200,118
1986 $135,161,959 $2,885,799,994
1985 $119,491,933 $2,683,699,935
1984 $109,157,071 $3,117,599,872
1983 $98,665,191 $2,753,100,058
1982 $89,527,577 $2,454,499,872
1981 $82,107,391 $2,474,700,227
1980 $72,804,653 $2,144,300,006
1979 $55,017,759 $1,567,599,982
1978 $57,130,216 $2,127,699,979
1977 $45,872,947 $2,226,999,874
1976 - $1,836,899,999
1975 - $1,581,599,959
1974 - $1,521,400,012
1973 - $1,092,900,015
1972 - $878,570,045
1971 - $828,569,953
1970 - $778,569,939
1969 - $750,000,003
1968 - $692,859,985
1967 - $657,140,011
1966 - $607,140,010
1965 - $564,290,020
1964 - $347,119,918
1963 - $297,324,163
1962 - $269,283,804
1961 - $244,144,237
1960 - $227,223,322

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

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

GDP per capita in Dominica vs Nicaragua by year

Dominica
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $3,173 -
2024 $10,405 $21,301 $2,848 $8,709
2023 $9,913 $20,286 $2,609 $8,320
2022 $9,324 $18,802 $2,323 $7,797
2021 $8,376 $15,809 $2,138 $7,119
2020 $7,828 $14,244 $1,938 $6,274
2019 $9,491 $16,021 $1,959 $5,981
2018 $9,215 $15,070 $2,035 $5,935
2017 $8,225 $12,696 $2,183 $6,225
2016 $8,803 $12,945 $2,132 $5,882
2015 $8,283 $12,093 $2,074 $5,449
2014 $8,132 $12,083 $1,958 $5,068
2013 $7,822 $11,286 $1,835 $4,711
2012 $7,529 $10,921 $1,785 $4,508
2011 $7,705 $11,123 $1,680 $4,325
2010 $7,550 $10,924 $1,527 $4,042
2009 $7,487 $10,804 $1,467 $3,880
2008 $6,971 $10,862 $1,524 $4,044
2007 $6,459 $9,949 $1,350 $3,891
2006 $6,056 $9,200 $1,248 $3,658
2005 $5,695 $8,557 $1,183 $3,456
2004 $5,779 $8,232 $1,099 $3,255
2003 $5,447 $7,714 $1,021 $3,046
2002 $5,488 $7,167 $1,014 $2,948
2001 $5,528 $7,291 $1,052 $2,917
2000 $4,867 $7,111 $1,017 $2,806
1999 $4,817 $6,759 $980 $2,672
1998 $4,664 $6,617 $949 $2,497
1997 $4,372 $6,290 $913 $2,418
1996 $4,211 $6,041 $911 $2,325
1995 $3,952 $5,749 $892 $2,187
1994 $3,805 $5,465 $849 $2,064
1993 $3,536 $5,352 $394 $1,998
1992 $3,376 $5,125 $411 $2,003
1991 $3,171 $4,914 $350 $1,995
1990 $2,893 $4,667 $242.5 $1,979
1989 $2,639 - $249.2 -
1988 $2,423 - $662 -
1987 $2,138 - $992 -
1986 $1,893 - $761 -
1985 $1,666 - $724 -
1984 $1,515 - $861 -
1983 $1,363 - $780 -
1982 $1,232 - $714 -
1981 $1,125 - $740 -
1980 $996 - $659 -
1979 $754 - $495 -
1978 $786 - $691 -
1977 $634 - $744 -
1976 - - $633 -
1975 - - $561 -
1974 - - $557 -
1973 - - $413 -
1972 - - $341 -
1971 - - $331 -
1970 - - $321 -
1969 - - $319 -
1968 - - $304 -
1967 - - $297.9 -
1966 - - $284 -
1965 - - $272.3 -
1964 - - $172.7 -
1963 - - $152.5 -
1962 - - $142.3 -
1961 - - $132.9 -
1960 - - $127.5 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $3,173 in Nicaragua, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Nicaragua ranks 138th at $8,709.

Economic indicators

Dominica Nicaragua
Gross domestic product
$724M
2025
$22.2B
2025
GDP rank
190/197
2025
128/197
2025
GDP growth
3.05%
2024-2025
4.92%
2024-2025
GDP per capita
$10,989
2025
$3,173
2025
GDP per capita rank
84/197
2025
140/197
2025
GDP per capita, PPP
$21,301
2024
$8,709
2024
GDP per capita PPP rank
91/197
2024
138/197
2024
Government debt
$743M
2025
$7.74B
2025
Debt-to-GDP ratio
102.6%
2025
34.8%
2025
Government debt per person
$11,275
2025
$1,104
2025
Government debt per person rank
54/185
2025
142/185
2025
Average annual personal income after taxes
$6,105
2026
$1,939
2026
Income share by richest 10% n/a
37.2%
2014
Income share by poorest 10% n/a
2%
2014
Government expenditure, % of GDP
55.4%
2025
26.1%
2025
Consumer prices inflation
2.53%
2024-2025
2.1%
2024-2025
Central bank interest rate n/a
6%
2025
Unemployment rate
11%
2001
5.2%
2018
Population
65501
7144725

Spending and national debt comparison by year

Dominica
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Dominica Nicaragua
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 26.1% 34.8%
2024 67.4% 108.2% 26.2% 37.9%
2023 64.8% 101.3% 26% 42.4%
2022 69.7% 110% 28.6% 45.9%
2021 67% 116.3% 30% 48.4%
2020 66.8% 118.4% 28.9% 49.2%
2019 48.3% 97.8% 27.7% 44.2%
2018 63.4% 85.7% 27.7% 39.1%
2017 54% 84.2% 27.3% 34.7%
2016 48% 76.9% 26.8% 30.9%
2015 32.4% 68.2% 25.4% 28.9%
2014 32.7% 71.3% 24.6% 28.7%
2013 33.4% 73.9% 24.2% 28.8%
2012 36.2% 73.1% 24.1% 27.9%
2011 35.2% 69.7% 23.5% 28.8%
2010 39.4% 66.8% 22.6% 30.3%
2009 35.9% 62.5% 22.7% 29.3%
2008 34.7% 64.4% 21.9% 26%
2007 34.1% 71.8% 21.5% 30.9%
2006 29.7% 77.4% 21.4% 51.2%
2005 31% 82% 21.3% 66.6%
2004 30.2% 86.2% 20.8% 84%
2003 30.1% 94.9% 20.9% 109.5%
2002 28.6% 97.9% 18.7% 110.4%
2001 29.6% 98.5% 19.2% 87.5%
2000 38.5% 68.9% 20.6% 95.2%
1999 35.2% 61.8% 22.1% 99.8%
1998 33% 56.3% 18.5% 86.5%
1997 28.2% 47.7% 17.9% 86.4%
1996 28.5% 53.7% 18% -
1995 28.8% 57.4% 17.7% -
1994 27.2% 55.9% 18.4% -
1993 25.2% 53.4% 18.4% -
1992 27.4% 54% 18.4% -
1991 29% 56.9% 16.8% -
1990 31.5% 54.1% 28.2% -
1989 - - - -
1988 - - 24.8% -
1987 - - - 266.6%
1986 - - 26.1% 159.2%
1985 - - 29.9% 218%
1984 - - 31.9% 198%
1983 - - 33.8% 211.6%
1982 - - 49.4% 159.1%
1981 - - 39.3% 149.1%
1980 - - 30.4% 152.1%
1979 - - 20.7% 116.3%
1978 - - 17.7% 76.9%
1977 - - 19.9% 62.7%
1976 - - 16.2% 59.5%
1975 - - 17.5% 57.8%
1974 - - 15.3% 40%
1973 - - 12.8% 32.9%
1972 - - 15.1% 30.2%
1971 - - 15.1% 31.6%
1970 - - 13.2% 35.4%
1969 - - 11.1% -
1968 - - 10.9% -
1967 - - 12.7% -
1966 - - 12.2% -
1965 - - 10.9% -
1964 - - 10.2% -
1963 - - 10.5% -
1962 - - 10.6% -
1961 - - 9.93% -
1960 - - 11.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Nicaragua spent $5.8B, or 26.1% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 34.8% in Nicaragua, ranking 20/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Nicaragua
1x
Year Deficit/surplus, % of GDP
Dominica Nicaragua
2025 -1.35% 2.1%
2024 -6.75% 2.25%
2023 -4.52% 2.3%
2022 -7.18% 0.65%
2021 -8.22% -1.26%
2020 -7.53% -2.57%
2019 -8.72% -1.12%
2018 -17.2% -4.35%
2017 -3.27% -1.75%
2016 11.6% -1.92%
2015 11.4% -1.64%
2014 -5.54% -0.89%
2013 -2.88% -0.3%
2012 -5.41% 0.22%
2011 -4.4% 0.59%
2010 -3.38% 0.69%
2009 -0.31% -0.9%
2008 0.7% 0.27%
2007 1.8% 1.88%
2006 2.93% 1.36%
2005 0.95% 1.72%
2004 -0.67% 1.69%
2003 0.85% 1.3%
2002 -4.07% 2.07%
2001 -6.54% 0.34%
2000 -8.66% 2.15%
1999 -9.18% -6.86%
1998 -5.99% -2.88%
1997 -2.24% -3.31%
1996 -1.59% -5%
1995 -2.88% -4.62%
1994 -3.35% -5.79%
1993 -1.41% -4.66%
1992 -2.22% -3.8%
1991 -2.99% -3.45%
1990 -4.66% -15.2%
1989 - -
1988 - -22.4%
1987 - -
1986 - -7.33%
1985 - -11.3%
1984 - -11.8%
1983 - -15.6%
1982 - -20.2%
1981 - -10.6%
1980 - -6.53%
1979 - -5.89%
1978 - -4.44%
1977 - -5.91%
1976 - -2.2%
1975 - -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 - -2.69%
1969 - -1.57%
1968 - -1.21%
1967 - -2.11%
1966 - -1.04%
1965 - 0.3%
1964 - 0.2%
1963 - 0.75%
1962 - -0.29%
1961 - 0.04%
1960 - -1.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/dominica/nicaragua | 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 Nicaragua's surplus of $467M, or 2.1% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Nicaragua ran a deficit in 20 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 1.41% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Dominica

Nicaragua
1x
Year Consumer prices inflation
Dominica Nicaragua
2025 2.53% 2.1%
2024 2.74% 4.6%
2023 5.09% 8.4%
2022 2.88% 10.5%
2021 2.23% 4.9%
2020 1.22% 3.7%
2019 1.5% 5.4%
2018 0.99% 4.9%
2017 0.3% 3.9%
2016 0.14% 3.5%
2015 -0.84% 4%
2014 0.8% 6%
2013 -0.05% 7.1%
2012 1.36% 7.2%
2011 1.13% 8.1%
2010 3% 5.5%
2009 0.006% 3.7%
2008 6.36% 19.8%
2007 3.63% 11.1%
2006 2.2% 9.1%
2005 1.68% 9.6%
2004 2.39% 8.5%
2003 1.45% 5.3%
2002 0.17% 3.8%
2001 1.3% 7.4%
2000 0.86% 11.5%
1999 1.18% 11.2%
1998 1% 13%
1997 2.44% 9.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 7.34% in Nicaragua. In 2025, inflation was 2.53% in Dominica and 2.1% in Nicaragua.

Top exports between countries

Dominica
Export category Export value
Nicaragua
Export category Export value
Processed food, beverages & tobacco $113K

Balance of trade

Dominica Nicaragua
Current account balance
-$275M
2025
$818M
2024
Current account balance ranking
94/190
2025
52/190
2024
Current account balance, % of GDP
-38%
2025
+4.15%
2024
Goods imports
$275M
2025
$10.1B
2024
Goods exports
$29.8M
2025
$6.84B
2024
Service imports
$208M
2025
$1.31B
2024
Service exports
$181M
2025
$1.3B
2024
Imports of goods and services, % of GDP n/a
54.9%
2025
Exports of goods and services, % of GDP
8.5%
2026
41.6%
2025

Economic freedom indices

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

Dominica Nicaragua
Economic freedom 56.1 53.6
Economic freedom ranking 124/197 139/197
Property rights 65.8 23.8
Government integrity 61.2 13.4
Judicial effectiveness 77.3 8.8
Tax burden 76.1 74.5
Government spending 0 77.7
Fiscal health 45.6 96.9
Business freedom 66.2 54.4
Labor freedom 49.8 47.3
Monetary freedom 77.7 69.4
Trade freedom 53.2 67
Investment freedom 60 60
Financial freedom 40 50

Economic freedom comparison by year

Dominica
Nicaragua
1x
Year Economic freedom index
Dominica Nicaragua
2026 56.1 53.6
2025 55.3 54
2024 54 53.4
2023 59.7 54.9
2022 54.4 54.8
2021 53 56.3
2020 60.8 57.2
2019 63.6 57.7
2018 64.5 58.9
2017 63.7 59.2
2016 67 58.6
2015 66.1 57.6
2014 65.2 58.4
2013 63.9 56.6
2012 61.6 57.9
2011 63.3 58.8
2010 63.2 58.3
2009 62.6 59.8
2008 - 60.8
2007 - 62.7
2006 - 63.8
2005 - 62.5
2004 - 61.4
2003 - 62.6
2002 - 61.1
2001 - 58
2000 - 56.9
1999 - 54
1998 - 53.8
1997 - 53.3
1996 - 54.1
1995 - 42.5

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Nicaragua
Services, % of GDP
57.2%
2025
45.2%
2025
Industry, % of GDP
14.1%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
14.5%
2025
GNI, Atlas method
$704M
2025
$19.9B
2025
GNI per capita, PPP
$22,130
2025
$8,780
2025
Total reserves including gold
$165M
2025
$8.32B
2025
Total reserves ranking
172/177
2025
87/177
2025
Net foreign direct investment
-$49.5M
2025
-$1.28B
2024
Net inflows of foreign direct investment
$60M
2024
$1.35B
2024
Net outflows of foreign direct investment
-$401K
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
9.74%
2024
Poverty at national poverty lines
29%
2020
24.9%
2016
Gross capital formation, % of GDP n/a
25.8%
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/nicaragua | CC BY

Compare countries by 7 more topics

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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 (1960–1999, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2025, 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.