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Economy of Dominica vs Oman compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $110B for Oman, ranking 190/197 and 70/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Dominica vs Oman GDP by year

Dominica
Oman
1x
Year GDP, current $
Dominica Oman
2025 $723,859,259 $109,604,780,696
2024 $688,881,481 $107,137,198,700
2023 $659,311,111 $106,174,707,932
2022 $623,062,963 $109,852,795,839
2021 $562,911,111 $87,323,797,139
2020 $528,944,444 $75,909,492,848
2019 $644,259,259 $88,060,858,257
2018 $628,244,444 $91,505,851,756
2017 $563,355,556 $80,856,697,009
2016 $612,711,111 $75,128,738,622
2015 $583,177,778 $78,710,793,238
2014 $572,255,556 $92,699,089,727
2013 $545,325,926 $89,936,020,806
2012 $520,355,556 $87,408,842,653
2011 $532,081,481 $77,497,529,259
2010 $519,859,259 $64,993,498,049
2009 $515,618,519 $55,454,096,229
2008 $480,003,704 $69,804,681,404
2007 $444,685,185 $48,300,390,117
2006 $416,674,074 $42,577,633,290
2005 $391,455,556 $35,506,892,068
2004 $396,711,111 $28,378,933,680
2003 $373,318,519 $24,733,680,104
2002 $375,200,000 $23,065,539,662
2001 $377,462,963 $22,205,721,717
2000 $333,470,370 $22,259,557,867
1999 $331,759,259 $17,832,769,831
1998 $322,411,111 $16,044,213,264
1997 $302,988,889 $18,039,791,938
1996 $292,285,185 $17,402,080,624
1995 $274,522,222 $15,722,236,671
1994 $264,374,074 $14,715,214,564
1993 $245,525,926 $14,230,429,129
1992 $234,059,259 $14,183,615,085
1991 $219,762,963 $12,918,335,501
1990 $201,429,630 $13,310,273,082
1989 $185,137,243 $9,372,171,651
1988 $171,106,184 $8,386,215,865
1987 $151,868,754 $7,811,183,095
1986 $135,161,959 $7,324,167,369
1985 $119,491,933 $10,005,645,420
1984 $109,157,071 $8,821,443,151
1983 $98,665,191 $7,932,541,691
1982 $89,527,577 $7,554,719,456
1981 $82,107,391 $7,259,120,151
1980 $72,804,653 $5,981,760,278
1979 $55,017,759 $3,733,352,635
1978 $57,130,216 $2,740,301,390
1977 $45,872,947 $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Dominica vs Oman by year

Dominica
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $19,947 -
2024 $10,405 $21,301 $20,285 $41,740
2023 $9,913 $20,286 $21,028 $41,945
2022 $9,324 $18,802 $23,224 $42,616
2021 $8,376 $15,809 $19,403 $38,719
2020 $7,828 $14,244 $16,785 $35,163
2019 $9,491 $16,021 $19,180 $37,251
2018 $9,215 $15,070 $19,902 $37,780
2017 $8,225 $12,696 $17,820 $33,619
2016 $8,803 $12,945 $17,110 $33,334
2015 $8,283 $12,093 $18,808 $36,058
2014 $8,132 $12,083 $23,161 $44,236
2013 $7,822 $11,286 $23,458 $47,013
2012 $7,529 $10,921 $24,642 $49,989
2011 $7,705 $11,123 $25,188 $52,393
2010 $7,550 $10,924 $23,570 $55,667
2009 $7,487 $10,804 $20,656 $55,127
2008 $6,971 $10,862 $26,577 $52,841
2007 $6,459 $9,949 $18,793 $48,627
2006 $6,056 $9,200 $16,931 $46,091
2005 $5,695 $8,557 $14,435 $43,673
2004 $5,779 $8,232 $11,801 $42,142
2003 $5,447 $7,714 $10,464 $40,935
2002 $5,488 $7,167 $9,869 $41,511
2001 $5,528 $7,291 $9,612 $41,679
2000 $4,867 $7,111 $9,754 $39,443
1999 $4,817 $6,759 $7,915 $36,792
1998 $4,664 $6,617 $7,219 $36,666
1997 $4,372 $6,290 $8,235 $36,809
1996 $4,211 $6,041 $8,068 $34,661
1995 $3,952 $5,749 $7,414 $33,598
1994 $3,805 $5,465 $7,068 $31,925
1993 $3,536 $5,352 $7,039 $30,987
1992 $3,376 $5,125 $7,318 $29,773
1991 $3,171 $4,914 $6,977 $28,109
1990 $2,893 $4,667 $7,546 $26,904
1989 $2,639 - $5,591 -
1988 $2,423 - $5,279 -
1987 $2,138 - $5,204 -
1986 $1,893 - $5,182 -
1985 $1,666 - $7,549 -
1984 $1,515 - $7,070 -
1983 $1,363 - $6,714 -
1982 $1,232 - $6,759 -
1981 $1,125 - $6,866 -
1980 $996 - $5,974 -
1979 $754 - $3,934 -
1978 $786 - $3,044 -
1977 $634 - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Oman ranks 55th at $41,740.

Economic indicators

Dominica Oman
Gross domestic product
$724M
2025
$110B
2025
GDP rank
190/197
2025
70/197
2025
GDP growth
3.05%
2024-2025
2.4%
2024-2025
GDP per capita
$10,989
2025
$19,947
2025
GDP per capita rank
84/197
2025
60/197
2025
GDP per capita, PPP
$21,301
2024
$41,740
2024
GDP per capita PPP rank
91/197
2024
55/197
2024
Government debt
$743M
2025
$39.2B
2025
Debt-to-GDP ratio
102.6%
2025
35.8%
2025
Government debt per person
$11,275
2025
$7,132
2025
Government debt per person rank
54/185
2025
70/185
2025
Average annual personal income after taxes
$6,105
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
2026
Government expenditure, % of GDP
55.4%
2025
28.9%
2025
Consumer prices inflation
2.53%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
11%
2001
3.3%
2024
Population
65501
5775345

Spending and national debt comparison by year

Dominica
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Dominica Oman
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 28.9% 35.8%
2024 67.4% 108.2% 28.7% 35.5%
2023 64.8% 101.3% 27.5% 37.4%
2022 69.7% 110% 31.1% 41.7%
2021 67% 116.3% 36.5% 61.9%
2020 66.8% 118.4% 44.5% 67.9%
2019 48.3% 97.8% 38.8% 52.5%
2018 63.4% 85.7% 38.3% 44.7%
2017 54% 84.2% 39.4% 40.1%
2016 48% 76.9% 44.6% 29.3%
2015 32.4% 68.2% 44.5% 13.9%
2014 32.7% 71.3% 41.4% 4.04%
2013 33.4% 73.9% 39.3% 4.66%
2012 36.2% 73.1% 38.6% 4.59%
2011 35.2% 69.7% 34.5% 4.44%
2010 39.4% 66.8% 30.6% 5.46%
2009 35.9% 62.5% 33.4% 5.8%
2008 34.7% 64.4% 25.6% 3.2%
2007 34.1% 71.8% 30.7% 4.44%
2006 29.7% 77.4% 30.1% 7.56%
2005 31% 82% 30.6% 8.39%
2004 30.2% 86.2% 34.1% 14.5%
2003 30.1% 94.9% 34% 13%
2002 28.6% 97.9% 34.1% 15.9%
2001 29.6% 98.5% 33.3% 22.5%
2000 38.5% 68.9% 31.2% 21.7%
1999 35.2% 61.8% 34.2% 28.9%
1998 33% 56.3% 36.1% 30.9%
1997 28.2% 47.7% 32.1% 20.8%
1996 28.5% 53.7% 33.5% 21.2%
1995 28.8% 57.4% 38.2% 21.9%
1994 27.2% 55.9% 39.7% 23.6%
1993 25.2% 53.4% 40.1% 22.2%
1992 27.4% 54% 40.1% 23.1%
1991 29% 56.9% 37.4% 22.6%
1990 31.5% 54.1% 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 35.8% in Oman, ranking 20/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Oman
1x
Year Deficit/surplus, % of GDP
Dominica Oman
2025 -1.35% 1.04%
2024 -6.75% 3.22%
2023 -4.52% 6.72%
2022 -7.18% 10.3%
2021 -8.22% -3.17%
2020 -7.53% -15.7%
2019 -8.72% -4.83%
2018 -17.2% -6.72%
2017 -3.27% -10.5%
2016 11.6% -19.6%
2015 11.4% -13.5%
2014 -5.54% -1.58%
2013 -2.88% 2.78%
2012 -5.41% 4.07%
2011 -4.4% 8.24%
2010 -3.38% 4.95%
2009 -0.31% -0.27%
2008 0.7% 14.7%
2007 1.8% 10.5%
2006 2.93% 12.2%
2005 0.95% 11.2%
2004 -0.67% 5.43%
2003 0.85% 5.92%
2002 -4.07% 5.31%
2001 -6.54% 7.55%
2000 -8.66% 12.2%
1999 -9.18% 0.3%
1998 -5.99% -4.37%
1997 -2.24% 4.77%
1996 -1.59% 2.22%
1995 -2.88% -3.9%
1994 -3.35% -7.47%
1993 -1.41% -6.84%
1992 -2.22% -4.85%
1991 -2.99% 0.12%
1990 -4.66% 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Oman ran a deficit in 14 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to surplus of 0.98% of GDP for Oman.

Inflation comparison by year

Inflation
Dominica

Oman
1x
Year Consumer prices inflation
Dominica Oman
2025 2.53% 1%
2024 2.74% 0.6%
2023 5.09% 1%
2022 2.88% 2.5%
2021 2.23% 1.7%
2020 1.22% -0.4%
2019 1.5% 0.5%
2018 0.99% 0.7%
2017 0.3% 1.5%
2016 0.14% 0.9%
2015 -0.84% 0.1%
2014 0.8% 1.2%
2013 -0.05% 1.3%
2012 1.36% 2.9%
2011 1.13% 4.1%
2010 3% 3.3%
2009 0.006% 3.5%
2008 6.36% 12.6%
2007 3.63% 5.9%
2006 2.2% 3.2%
2005 1.68% 1.9%
2004 2.39% 0.8%
2003 1.45% 0.2%
2002 0.17% -0.3%
2001 1.3% -0.8%
2000 0.86% -1.2%
1999 1.18% 0.5%
1998 1% 0.4%
1997 2.44% -0.4%

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/oman | CC BY

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 1.7% in Oman. In 2025, inflation was 2.53% in Dominica and 1% in Oman.

Top exports between countries

Dominica
Export category Export value
Oman
Export category Export value
Animal & marine products $32K

Balance of trade

Dominica Oman
Current account balance
-$275M
2025
$3.07B
2024
Current account balance ranking
94/190
2025
37/190
2024
Current account balance, % of GDP
-38%
2025
+2.86%
2024
Goods imports
$275M
2025
$39.5B
2024
Goods exports
$29.8M
2025
$65.2B
2024
Service imports
$208M
2025
$12.8B
2024
Service exports
$181M
2025
$5.64B
2024
Imports of goods and services, % of GDP n/a
48.8%
2024
Exports of goods and services, % of GDP
8.5%
2026
66.1%
2024

Economic freedom indices

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

Dominica Oman
Economic freedom 56.1 68.5
Economic freedom ranking 124/197 45/197
Property rights 65.8 71.8
Government integrity 61.2 49.4
Judicial effectiveness 77.3 28
Tax burden 76.1 97.6
Government spending 0 74.7
Fiscal health 45.6 97.5
Business freedom 66.2 67.8
Labor freedom 49.8 47.7
Monetary freedom 77.7 79.2
Trade freedom 53.2 78.4
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Dominica
Oman
1x
Year Economic freedom index
Dominica Oman
2026 56.1 68.5
2025 55.3 65.4
2024 54 62.9
2023 59.7 58.5
2022 54.4 56.6
2021 53 64.6
2020 60.8 63.6
2019 63.6 61
2018 64.5 61
2017 63.7 62.1
2016 67 67.1
2015 66.1 66.7
2014 65.2 67.4
2013 63.9 68.1
2012 61.6 67.9
2011 63.3 69.8
2010 63.2 67.7
2009 62.6 67
2008 - 67.3
2007 - 65.8
2006 - 63.7
2005 - 66.5
2004 - 66.9
2003 - 64.6
2002 - 64
2001 - 67.7
2000 - 64.1
1999 - 64.9
1998 - 64.9
1997 - 64.5
1996 - 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Oman
Services, % of GDP
57.2%
2025
47.2%
2025
Industry, % of GDP
14.1%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
2.81%
2025
GNI, Atlas method
$704M
2025
$103B
2024
GNI per capita, PPP
$22,130
2025
$39,390
2024
Total reserves including gold
$165M
2025
$18.3B
2024
Total reserves ranking
172/177
2025
68/177
2024
Net foreign direct investment
-$49.5M
2025
-$12.6B
2024
Net inflows of foreign direct investment
$60M
2024
$12.5B
2024
Net outflows of foreign direct investment
-$401K
2024
-$143M
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
24.8%
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/oman | 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 (1995–2026, 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 (2021, 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.