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Economy of Dominica vs Peru compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $289B for Peru, ranking 190/197 and 49/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $93B (32.2% of GDP) in Peru.

Dominica vs Peru GDP by year

Dominica
Peru
1x
Year GDP, current $
Dominica Peru
2024 $688,881,481 $289,221,969,063
2023 $659,311,111 $266,958,720,838
2022 $623,062,963 $246,065,570,308
2021 $562,911,111 $226,328,766,460
2020 $528,944,444 $201,409,694,756
2019 $644,259,259 $228,346,006,004
2018 $628,244,444 $222,597,009,739
2017 $563,355,556 $211,007,984,081
2016 $612,711,111 $191,898,104,390
2015 $583,177,778 $189,802,976,286
2014 $572,255,556 $200,786,250,583
2013 $545,325,926 $201,175,543,571
2012 $520,355,556 $192,650,021,649
2011 $532,081,481 $171,761,737,047
2010 $519,859,259 $147,527,631,521
2009 $515,618,519 $120,822,986,521
2008 $480,003,704 $120,550,599,815
2007 $444,685,185 $102,170,981,144
2006 $416,674,074 $88,643,193,062
2005 $391,455,556 $76,060,606,061
2004 $396,711,111 $66,768,703,498
2003 $373,318,519 $58,731,030,122
2002 $375,200,000 $54,777,553,515
2001 $377,462,963 $52,030,158,775
2000 $333,470,370 $51,744,749,133
1999 $331,759,259 $50,187,324,568
1998 $322,411,111 $55,501,467,877
1997 $302,988,889 $58,147,522,523
1996 $292,285,185 $55,252,414,130
1995 $274,522,222 $53,312,793,687
1994 $264,374,074 $44,882,079,767
1993 $245,525,926 $34,832,077,221
1992 $234,059,259 $35,966,302,303
1991 $219,762,963 $34,341,465,998
1990 $201,429,630 $26,410,386,963
1989 $185,137,243 $22,499,558,526
1988 $171,106,184 $15,439,408,447
1987 $151,868,754 $36,889,706,593
1986 $135,161,959 $21,859,448,586
1985 $119,491,933 $15,078,736,875
1984 $109,157,071 $17,600,400,385
1983 $98,665,191 $17,345,260,564
1982 $89,527,577 $21,794,535,621
1981 $82,107,391 $21,648,214,893
1980 $72,804,653 $18,136,838,538
1979 $55,017,759 $15,954,012,439
1978 $57,130,216 $12,491,876,743
1977 $45,872,947 $14,544,913,961
1976 - $16,131,958,851
1975 - $16,931,162,355
1974 - $13,858,441,211
1973 - $10,994,381,895
1972 - $9,189,413,409
1971 - $8,289,582,884
1970 - $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Dominica vs Peru by year

Dominica
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $8,452 $17,802
2023 $9,913 $20,286 $7,888 $17,011
2022 $9,324 $18,802 $7,351 $16,669
2021 $8,376 $15,809 $6,826 $15,281
2020 $7,828 $14,244 $6,133 $12,563
2019 $9,491 $16,021 $7,037 $13,564
2018 $9,215 $15,070 $6,978 $13,078
2017 $8,225 $12,696 $6,736 $12,592
2016 $8,803 $12,945 $6,217 $12,067
2015 $8,283 $12,093 $6,232 $11,600
2014 $8,132 $12,083 $6,667 $11,518
2013 $7,822 $11,286 $6,747 $11,291
2012 $7,529 $10,921 $6,519 $10,757
2011 $7,705 $11,123 $5,861 $10,463
2010 $7,550 $10,924 $5,072 $9,713
2009 $7,487 $10,804 $4,181 $8,917
2008 $6,971 $10,862 $4,198 $8,820
2007 $6,459 $9,949 $3,581 $7,982
2006 $6,056 $9,200 $3,130 $7,214
2005 $5,695 $8,557 $2,707 $6,560
2004 $5,779 $8,232 $2,397 $6,038
2003 $5,447 $7,714 $2,129 $5,657
2002 $5,488 $7,167 $2,007 $5,383
2001 $5,528 $7,291 $1,930 $5,086
2000 $4,867 $7,111 $1,945 $5,012
1999 $4,817 $6,759 $1,917 $4,847
1998 $4,664 $6,617 $2,156 $4,791
1997 $4,372 $6,290 $2,301 $4,844
1996 $4,211 $6,041 $2,227 $4,556
1995 $3,952 $5,749 $2,190 $4,435
1994 $3,805 $5,465 $1,879 $4,123
1993 $3,536 $5,352 $1,488 $3,666
1992 $3,376 $5,125 $1,567 $3,472
1991 $3,171 $4,914 $1,527 $3,484
1990 $2,893 $4,667 $1,200 $3,367
1989 $2,639 - $1,045 -
1988 $2,423 - $733 -
1987 $2,138 - $1,792 -
1986 $1,893 - $1,087 -
1985 $1,666 - $767 -
1984 $1,515 - $918 -
1983 $1,363 - $927 -
1982 $1,232 - $1,194 -
1981 $1,125 - $1,216 -
1980 $996 - $1,045 -
1979 $754 - $942 -
1978 $786 - $756 -
1977 $634 - $903 -
1976 - - $1,026 -
1975 - - $1,104 -
1974 - - $927 -
1973 - - $754 -
1972 - - $647 -
1971 - - $599 -
1970 - - $550 -
1969 - - $488 -
1968 - - $448 -
1967 - - $498 -
1966 - - $505 -
1965 - - $439 -
1964 - - $381 -
1963 - - $324 -
1962 - - $305 -
1961 - - $276.6 -
1960 - - $252.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Peru ranks 104th at $17,802.

Economic indicators

Dominica Peru
Gross domestic product
$689M
2024
$289B
2024
GDP rank
190/197
2024
49/197
2024
GDP growth
2.05%
2023-2024
3.3%
2023-2024
GDP per capita
$10,405
2024
$8,452
2024
GDP per capita rank
84/197
2024
91/197
2024
GDP per capita, PPP
$21,301
2024
$17,802
2024
GDP per capita PPP rank
91/197
2024
104/197
2024
Government debt
$713M
2024
$93B
2024
Debt-to-GDP ratio
103.5%
2024
32.2%
2024
Government debt per person
$10,765
2024
$2,717
2024
Government debt per person rank
55/185
2024
108/185
2024
Average annual personal income after taxes
$6,045
2026
$7,290
2026
Market capitalization of domestic companies n/a
$82.2B
2024
Income share by richest 10% n/a
30.3%
2024
Income share by poorest 10% n/a
2%
2024
Government expenditure, % of GDP
60.9%
2024
22.3%
2024
Consumer prices inflation
2.57%
2023-2024
2.01%
2023-2024
Central bank interest rate n/a
4.25%
2025
Unemployment rate
11%
2001
4.86%
2024
Population
65539
35031596

Spending and national debt comparison by year

Dominica
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Dominica Peru
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 22.3% 32.2%
2023 66.8% 103.2% 22.1% 32.4%
2022 72.7% 108.3% 23.1% 33.5%
2021 70.1% 113.6% 23.1% 35.5%
2020 70.1% 118.2% 25.6% 34.3%
2019 44% 89.1% 20.8% 26.5%
2018 66.7% 90% 21% 25.7%
2017 55.7% 86.7% 20.6% 24.8%
2016 45.8% 72.9% 20.5% 23.9%
2015 33.5% 71.1% 22% 23.7%
2014 33.3% 73.5% 22.4% 20.5%
2013 34.2% 75.6% 21.5% 19.9%
2012 36.6% 74% 20.3% 20.7%
2011 34.7% 68.6% 19.8% 23.1%
2010 39.7% 67.3% 21% 25.1%
2009 36.1% 62.8% 21.3% 28.2%
2008 35.9% 66.5% 19.9% 28.1%
2007 35.6% 74.9% 18.6% 31.9%
2006 30.9% 80.4% 19.2% 34.9%
2005 32.1% 84.9% 20.4% 40.4%
2004 30.1% 85.8% 19.6% 46.7%
2003 31.2% 98.2% 20.1% 49.4%
2002 29% 99.4% 19.6% 45.5%
2001 29.3% 97.5% 20.9% 43.8%
2000 38.9% 69.6% 21.7% 44.9%
1999 35.3% 62% 17.8% 41.1%
1998 33.5% 57.1% 16.3% 36.8%
1997 29.1% 49.3% 15.6% 34.5%
1996 29% 54.7% 16.5% 37.4%
1995 29.7% 59.3% 17.5% 36.8%
1994 27.7% 57% 16.9% 41.9%
1993 26.1% 55.4% 18.2% 49.9%
1992 28% 55.3% 19.1% 46.8%
1991 29.9% 58.7% 15.7% 48.3%
1990 32.9% 56.6% 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 32.2% in Peru, ranking 20/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Peru
1x
Year Deficit/surplus, % of GDP
Dominica Peru
2024 -2.28% -3.54%
2023 -4.66% -2.78%
2022 -7.49% -1.38%
2021 -8.61% -2.49%
2020 -7.91% -8.16%
2019 -7.95% -1.37%
2018 -18.1% -1.94%
2017 -3.37% -2.79%
2016 11% -2.12%
2015 11.8% -2.02%
2014 -5.65% -0.19%
2013 -2.95% 0.75%
2012 -5.48% 2.07%
2011 -4.34% 2.05%
2010 -3.41% -0.02%
2009 -0.31% -1.48%
2008 0.72% 2.48%
2007 1.88% 3.35%
2006 3.04% 2.03%
2005 0.98% -0.44%
2004 -0.67% -1.03%
2003 0.88% -1.62%
2002 -4.13% -1.4%
2001 -6.48% -2.15%
2000 -8.75% -2.12%
1999 -9.2% -2.93%
1998 -6.08% -0.2%
1997 -2.31% 0.47%
1996 -1.62% -0.25%
1995 -2.97% -2.05%
1994 -3.42% -1.9%
1993 -1.46% -2.82%
1992 -2.28% -3.55%
1991 -3.08% -1.98%
1990 -4.87% -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Dominica's government deficit, the difference between spending and revenue, was $15.7M, equivalent to 2.28% of GDP. This compares to Peru's deficit of $10.2B, or 3.54% of GDP.

Over the past 35 years, Dominica recorded a fiscal deficit in 28 of those years, while Peru ran a deficit in 28 years. On average, Dominica posted an annual deficit equal to 3.13% of GDP, compared to deficit of 1.41% of GDP for Peru.

Inflation comparison by year

Inflation
Dominica

Peru
1x
Year Consumer prices inflation
Dominica Peru
2024 2.57% 2.01%
2023 5.09% 6.46%
2022 2.88% 8.33%
2021 2.23% 4.27%
2020 1.22% 2%
2019 1.5% 2.25%
2018 0.99% 1.51%
2017 0.3% 2.99%
2016 0.14% 3.56%
2015 -0.84% 3.4%
2014 0.8% 3.41%
2013 -0.05% 2.77%
2012 1.36% 3.61%
2011 1.13% 3.37%
2010 3% 1.53%
2009 0.006% 2.94%
2008 6.36% 5.79%
2007 3.63% 1.78%
2006 2.2% 2%
2005 1.68% 1.62%
2004 2.39% 3.66%
2003 1.45% 2.26%
2002 0.17% 0.19%
2001 1.3% 1.98%
2000 0.86% 3.76%
1999 1.18% 3.47%
1998 1% 7.25%
1997 2.44% 8.56%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 3.45% in Peru. In 2024, inflation was 2.57% in Dominica and 2.01% in Peru.

Top exports between countries

Dominica
Export category Export value
Peru
Export category Export value
Chemicals & pharma $100K
Metals $39K
Animal & marine products $26K
Wood & paper products $19K
Textiles & consumer goods $14K
Processed food, beverages & tobacco $10K
Raw materials & minerals $2K
Miscellaneous $1K

Balance of trade

Dominica Peru
Current account balance
-$160M
2024
$6.39B
2024
Current account balance ranking
94/190
2024
29/190
2024
Current account balance, % of GDP
-23.2%
2024
+2.21%
2024
Goods imports
$231M
2024
$52.1B
2024
Goods exports
$22M
2024
$76.2B
2024
Service imports
$157M
2024
$15.1B
2024
Service exports
$191M
2024
$7.15B
2024
Imports of goods and services, % of GDP n/a
22.9%
2024
Exports of goods and services, % of GDP
8.5%
2025
28.5%
2024

Economic freedom indices

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

Dominica Peru
Economic freedom 56.1 66.3
Economic freedom ranking 124/197 62/197
Property rights 65.8 44
Government integrity 61.2 35
Judicial effectiveness 77.3 47.8
Tax burden 76.1 79.4
Government spending 0 84.8
Fiscal health 45.6 87.4
Business freedom 66.2 73.1
Labor freedom 49.8 64.7
Monetary freedom 77.7 77.6
Trade freedom 53.2 81.6
Investment freedom 60 60
Financial freedom 40 60

Economic freedom comparison by year

Dominica
Peru
1x
Year Economic freedom index
Dominica Peru
2026 56.1 66.3
2025 55.3 65.9
2024 54 64.8
2023 59.7 66.5
2022 54.4 66.5
2021 53 67.7
2020 60.8 67.9
2019 63.6 67.8
2018 64.5 68.7
2017 63.7 68.9
2016 67 67.4
2015 66.1 67.7
2014 65.2 67.4
2013 63.9 68.2
2012 61.6 68.7
2011 63.3 68.6
2010 63.2 67.6
2009 62.6 64.6
2008 - 63.8
2007 - 62.7
2006 - 60.5
2005 - 61.3
2004 - 64.7
2003 - 64.6
2002 - 64.8
2001 - 69.6
2000 - 68.7
1999 - 69.2
1998 - 65
1997 - 63.8
1996 - 62.5
1995 - 56.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Peru
Services, % of GDP
56.9%
2024
51.3%
2024
Industry, % of GDP
13.9%
2024
34%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
7.34%
2024
GNI, Atlas method
$677M
2024
$257B
2024
GNI per capita, PPP
$21,410
2024
$16,780
2024
Total reserves including gold
$156M
2024
$79.2B
2024
Total reserves ranking
172/177
2024
33/177
2024
Net foreign direct investment
-$36.4M
2024
-$5.63B
2024
Net inflows of foreign direct investment
$60M
2024
$6.8B
2024
Net outflows of foreign direct investment
-$401K
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
5.58%
2024
Poverty at national poverty lines
29%
2020
27.6%
2024
Gross capital formation, % of GDP n/a
19.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.