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Economy of Dominica vs Russia compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $2.56T for Russia, ranking 190/197 and 8/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $440B (17.2% of GDP) in Russia.

Dominica vs Russia GDP by year

Dominica
Russia
1x
Year GDP, current $
Dominica Russia
2025 $723,859,259 $2,561,310,169,359
2024 $688,881,481 $2,186,462,268,813
2023 $659,311,111 $2,046,284,838,151
2022 $623,062,963 $2,292,495,097,681
2021 $562,911,111 $1,829,186,719,575
2020 $528,944,444 $1,493,075,894,362
2019 $644,259,259 $1,693,115,002,708
2018 $628,244,444 $1,657,328,773,461
2017 $563,355,556 $1,574,199,360,089
2016 $612,711,111 $1,276,786,350,881
2015 $583,177,778 $1,363,482,182,198
2014 $572,255,556 $2,059,241,589,895
2013 $545,325,926 $2,292,470,078,346
2012 $520,355,556 $2,208,293,553,878
2011 $532,081,481 $2,045,922,753,398
2010 $519,859,259 $1,524,916,715,224
2009 $515,618,519 $1,222,645,900,056
2008 $480,003,704 $1,660,848,058,303
2007 $444,685,185 $1,299,703,478,482
2006 $416,674,074 $989,932,071,353
2005 $391,455,556 $764,015,973,481
2004 $396,711,111 $591,016,690,732
2003 $373,318,519 $430,347,420,185
2002 $375,200,000 $345,470,494,418
2001 $377,462,963 $306,602,070,621
2000 $333,470,370 $259,710,142,197
1999 $331,759,259 $195,907,128,351
1998 $322,411,111 $270,955,486,862
1997 $302,988,889 $404,928,954,192
1996 $292,285,185 $391,724,890,744
1995 $274,522,222 $395,537,185,735
1994 $264,374,074 $395,077,301,248
1993 $245,525,926 $435,083,713,851
1992 $234,059,259 $460,290,556,901
1991 $219,762,963 $517,962,962,963
1990 $201,429,630 $517,014,446,228
1989 $185,137,243 $506,631,299,735
1988 $171,106,184 $554,828,660,436
1987 $151,868,754 -
1986 $135,161,959 -
1985 $119,491,933 -
1984 $109,157,071 -
1983 $98,665,191 -
1982 $89,527,577 -
1981 $82,107,391 -
1980 $72,804,653 -
1979 $55,017,759 -
1978 $57,130,216 -
1977 $45,872,947 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Dominica vs Russia by year

Dominica
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $17,847 -
2024 $10,405 $21,301 $15,219 $47,362
2023 $9,913 $20,286 $14,227 $44,269
2022 $9,324 $18,802 $15,894 $40,939
2021 $8,376 $15,809 $12,637 $38,638
2020 $7,828 $14,244 $10,280 $31,491
2019 $9,491 $16,021 $11,640 $30,964
2018 $9,215 $15,070 $11,399 $28,629
2017 $8,225 $12,696 $10,835 $25,778
2016 $8,803 $12,945 $8,804 $24,012
2015 $8,283 $12,093 $9,427 $23,994
2014 $8,132 $12,083 $14,277 $25,688
2013 $7,822 $11,286 $15,941 $26,020
2012 $7,529 $10,921 $15,402 $24,274
2011 $7,705 $11,123 $14,305 $22,790
2010 $7,550 $10,924 $10,675 $20,490
2009 $7,487 $10,804 $8,563 $19,390
2008 $6,971 $10,862 $11,635 $20,164
2007 $6,459 $9,949 $9,101 $16,648
2006 $6,056 $9,200 $6,920 $14,912
2005 $5,695 $8,557 $5,323 $11,822
2004 $5,779 $8,232 $4,102 $10,227
2003 $5,447 $7,714 $2,975 $9,255
2002 $5,488 $7,167 $2,378 $8,037
2001 $5,528 $7,291 $2,100 $7,361
2000 $4,867 $7,111 $1,772 $6,825
1999 $4,817 $6,759 $1,331 $5,914
1998 $4,664 $6,617 $1,835 $5,465
1997 $4,372 $6,290 $2,738 $5,700
1996 $4,211 $6,041 $2,644 $5,518
1995 $3,952 $5,749 $2,666 $5,613
1994 $3,805 $5,465 $2,662 $5,734
1993 $3,536 $5,352 $2,931 $6,420
1992 $3,376 $5,125 $3,099 $6,862
1991 $3,171 $4,914 $3,490 $7,858
1990 $2,893 $4,667 $3,494 $8,028
1989 $2,639 - $3,430 -
1988 $2,423 - $3,778 -
1987 $2,138 - - -
1986 $1,893 - - -
1985 $1,666 - - -
1984 $1,515 - - -
1983 $1,363 - - -
1982 $1,232 - - -
1981 $1,125 - - -
1980 $996 - - -
1979 $754 - - -
1978 $786 - - -
1977 $634 - - -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Russia ranks 50th at $47,362.

Economic indicators

Dominica Russia
Gross domestic product
$724M
2025
$2.56T
2025
GDP rank
190/197
2025
8/197
2025
GDP growth
3.05%
2024-2025
1%
2024-2025
GDP per capita
$10,989
2025
$17,847
2025
GDP per capita rank
84/197
2025
68/197
2025
GDP per capita, PPP
$21,301
2024
$47,362
2024
GDP per capita PPP rank
91/197
2024
50/197
2024
Government debt
$743M
2025
$440B
2025
Debt-to-GDP ratio
102.6%
2025
17.2%
2025
Government debt per person
$11,275
2025
$3,068
2025
Government debt per person rank
54/185
2025
105/185
2025
Average annual personal income after taxes
$6,105
2026
$11,183
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires n/a
147
2026
Income share by richest 10% n/a
25.1%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
55.4%
2025
39.1%
2025
Consumer prices inflation
2.53%
2024-2025
8.7%
2024-2025
Central bank interest rate n/a
14.5%
2026
Unemployment rate
11%
2001
2.13%
2025
Population
65501
142643173

Spending and national debt comparison by year

Dominica
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Dominica Russia
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 39.1% 17.2%
2024 67.4% 108.2% 36.7% 14.8%
2023 64.8% 101.3% 36.1% 15.2%
2022 69.7% 110% 35.1% 15.1%
2021 67% 116.3% 34.9% 16.5%
2020 66.8% 118.4% 39.2% 19.2%
2019 48.3% 97.8% 33.8% 13.7%
2018 63.4% 85.7% 32.6% 13.6%
2017 54% 84.2% 34.8% 14.3%
2016 48% 76.9% 36.6% 14.8%
2015 32.4% 68.2% 35.3% 15.3%
2014 32.7% 71.3% 34.9% 15.1%
2013 33.4% 73.9% 34.7% 12.3%
2012 36.2% 73.1% 34% 11.2%
2011 35.2% 69.7% 33.3% 10.3%
2010 39.4% 66.8% 35.5% 10.1%
2009 35.9% 62.5% 38.6% 9.92%
2008 34.7% 64.4% 32% 7.45%
2007 34.1% 71.8% 31.9% 8.03%
2006 29.7% 77.4% 29% 9.8%
2005 31% 82% 29.5% 14.9%
2004 30.2% 86.2% 29.6% 20.8%
2003 30.1% 94.9% 32.6% 28.3%
2002 28.6% 97.9% 33.8% 37.6%
2001 29.6% 98.5% 31.5% 44.4%
2000 38.5% 68.9% 30.7% 55.9%
1999 35.2% 61.8% 34.3% 92.4%
1998 33% 56.3% 39.7% 135.2%
1997 28.2% 47.7% - 51.5%
1996 28.5% 53.7% - 51.9%
1995 28.8% 57.4% - 53.7%
1994 27.2% 55.9% - 63.5%
1993 25.2% 53.4% - 92.4%
1992 27.4% 54% - 116%
1991 29% 56.9% - -
1990 31.5% 54.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

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

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 17.2% in Russia, ranking 20/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Russia
1x
Year Deficit/surplus, % of GDP
Dominica Russia
2025 -1.35% -3.9%
2024 -6.75% -1.59%
2023 -4.52% -2.24%
2022 -7.18% -1.34%
2021 -8.22% 0.78%
2020 -7.53% -3.99%
2019 -8.72% 1.93%
2018 -17.2% 2.92%
2017 -3.27% -1.47%
2016 11.6% -3.67%
2015 11.4% -3.39%
2014 -5.54% -1.07%
2013 -2.88% -1.16%
2012 -5.41% 0.38%
2011 -4.4% 1.43%
2010 -3.38% -3.19%
2009 -0.31% -5.89%
2008 0.7% 4.55%
2007 1.8% 5.59%
2006 2.93% 7.8%
2005 0.95% 7.6%
2004 -0.67% 4.57%
2003 0.85% 1.35%
2002 -4.07% 0.67%
2001 -6.54% 2.99%
2000 -8.66% 3.11%
1999 -9.18% -3.59%
1998 -5.99% -7.42%
1997 -2.24% -
1996 -1.59% -
1995 -2.88% -
1994 -3.35% -
1993 -1.41% -
1992 -2.22% -
1991 -2.99% -
1990 -4.66% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

GeoRank.org/economy/dominica/russia | 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 Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Dominica recorded a fiscal deficit in 21 of those years, while Russia ran a deficit in 14 years. On average, Dominica posted an annual deficit equal to 3.27% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Dominica

Russia
1x
Year Consumer prices inflation
Dominica Russia
2025 2.53% 8.7%
2024 2.74% 8.4%
2023 5.09% 5.9%
2022 2.88% 13.7%
2021 2.23% 6.7%
2020 1.22% 3.4%
2019 1.5% 4.5%
2018 0.99% 2.9%
2017 0.3% 3.7%
2016 0.14% 7%
2015 -0.84% 15.5%
2014 0.8% 7.8%
2013 -0.05% 6.8%
2012 1.36% 5.1%
2011 1.13% 8.4%
2010 3% 6.8%
2009 0.006% 11.6%
2008 6.36% 14.1%
2007 3.63% 9%
2006 2.2% 9.7%
2005 1.68% 12.7%
2004 2.39% 10.9%
2003 1.45% 13.7%
2002 0.17% 15.8%
2001 1.3% 21.5%
2000 0.86% 20.8%
1999 1.18% 85.7%
1998 1% 27.7%
1997 2.44% 14.8%

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/russia | CC BY

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 13.2% in Russia. In 2025, inflation was 2.53% in Dominica and 8.7% in Russia.

Top exports between countries

Dominica
Export category Export value
Russia
Export category Export value
IT & IP services $960K
Transport & tourism services $768K
Business & finance services $375K
Manufacturing & construction services $156K
Raw materials & minerals $114K
Miscellaneous $94K
Processed food, beverages & tobacco $17K
Machinery & equipment $8K
Chemicals & pharma $4K
Textiles & consumer goods $2K

Balance of trade

Dominica Russia
Current account balance
-$275M
2025
$43.1B
2025
Current account balance ranking
94/190
2025
14/190
2025
Current account balance, % of GDP
-38%
2025
+1.68%
2025
Goods imports
$275M
2025
$305B
2025
Goods exports
$29.8M
2025
$422B
2025
Service imports
$208M
2025
$94.8B
2025
Service exports
$181M
2025
$46.3B
2025
Imports of goods and services, % of GDP n/a
15.5%
2025
Exports of goods and services, % of GDP
8.5%
2026
18.2%
2025

Economic freedom indices

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

Dominica Russia
Economic freedom 56.1 50.3
Economic freedom ranking 124/197 161/197
Property rights 65.8 18.6
Government integrity 61.2 22.8
Judicial effectiveness 77.3 22.8
Tax burden 76.1 81.9
Government spending 0 61.3
Fiscal health 45.6 94.4
Business freedom 66.2 51.4
Labor freedom 49.8 59.1
Monetary freedom 77.7 61.8
Trade freedom 53.2 69.4
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Dominica
Russia
1x
Year Economic freedom index
Dominica Russia
2026 56.1 50.3
2025 55.3 51.6
2024 54 52
2023 59.7 53.8
2022 54.4 56.1
2021 53 61.5
2020 60.8 61
2019 63.6 58.9
2018 64.5 58.2
2017 63.7 57.1
2016 67 50.6
2015 66.1 52.1
2014 65.2 51.9
2013 63.9 51.1
2012 61.6 50.5
2011 63.3 50.5
2010 63.2 50.3
2009 62.6 50.8
2008 - 49.8
2007 - 52.2
2006 - 52.4
2005 - 51.3
2004 - 52.8
2003 - 50.8
2002 - 48.7
2001 - 49.8
2000 - 51.8
1999 - 54.5
1998 - 52.8
1997 - 48.6
1996 - 51.6
1995 - 51.1

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

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Russia
Services, % of GDP
57.2%
2025
58.9%
2025
Industry, % of GDP
14.1%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
3.06%
2025
GNI, Atlas method
$704M
2025
$2.33T
2025
GNI per capita, PPP
$22,130
2025
$49,220
2025
Total reserves including gold
$165M
2025
$608B
2024
Total reserves ranking
172/177
2025
6/177
2024
Net foreign direct investment
-$49.5M
2025
-$12.4B
2025
Net inflows of foreign direct investment
$60M
2024
-$9.35B
2024
Net outflows of foreign direct investment
-$401K
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
2.63%
2024
Poverty at national poverty lines
29%
2020
7.2%
2024
Gross capital formation, % of GDP n/a
25.9%
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/russia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, 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 (1885–1996, 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. TradeMap (2021, 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.