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Economy of Dominica vs Rwanda compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $14.3B for Rwanda, ranking 190/197 and 144/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Dominica vs Rwanda GDP by year

Dominica
Rwanda
1x
Year GDP, current $
Dominica Rwanda
2024 $688,881,481 $14,251,642,235
2023 $659,311,111 $14,331,722,703
2022 $623,062,963 $13,316,161,002
2021 $562,911,111 $11,078,787,090
2020 $528,944,444 $10,174,386,857
2019 $644,259,259 $10,349,300,277
2018 $628,244,444 $9,637,904,521
2017 $563,355,556 $9,252,833,891
2016 $612,711,111 $8,695,272,058
2015 $583,177,778 $8,543,760,200
2014 $572,255,556 $8,238,966,124
2013 $545,325,926 $7,819,964,030
2012 $520,355,556 $7,654,761,050
2011 $532,081,481 $6,884,913,658
2010 $519,859,259 $6,124,756,654
2009 $515,618,519 $5,674,476,969
2008 $480,003,704 $5,179,854,065
2007 $444,685,185 $4,070,507,895
2006 $416,674,074 $3,319,784,539
2005 $391,455,556 $2,933,819,766
2004 $396,711,111 $2,376,496,067
2003 $373,318,519 $2,138,237,279
2002 $375,200,000 $1,966,003,468
2001 $377,462,963 $1,966,600,715
2000 $333,470,370 $2,068,836,754
1999 $331,759,259 $2,157,108,263
1998 $322,411,111 $1,989,343,546
1997 $302,988,889 $1,851,558,197
1996 $292,285,185 $1,382,334,879
1995 $274,522,222 $1,293,535,193
1994 $264,374,074 $753,636,370
1993 $245,525,926 $1,971,525,712
1992 $234,059,259 $2,029,026,962
1991 $219,762,963 $1,911,600,237
1990 $201,429,630 $2,550,185,679
1989 $185,137,243 $2,405,022,593
1988 $171,106,184 $2,395,492,687
1987 $151,868,754 $2,157,432,668
1986 $135,161,959 $1,944,710,684
1985 $119,491,933 $1,715,626,331
1984 $109,157,071 $1,587,413,084
1983 $98,665,191 $1,479,687,587
1982 $89,527,577 $1,407,243,139
1981 $82,107,391 $1,407,062,527
1980 $72,804,653 $1,254,765,642
1979 $55,017,759 $1,109,346,131
1978 $57,130,216 $905,709,076
1977 $45,872,947 $746,650,613
1976 - $637,753,853
1975 - $571,863,500
1974 - $308,458,423
1973 - $290,746,157
1972 - $246,457,838
1971 - $222,952,504
1970 - $219,900,006
1969 - $188,700,037
1968 - $172,200,018
1967 - $159,560,018
1966 - $124,525,703
1965 - $148,799,980
1964 - $129,999,994
1963 - $128,000,000
1962 - $125,000,008
1961 - $122,000,016
1960 - $119,000,024

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

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

GDP per capita in Dominica vs Rwanda by year

Dominica
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $1,000 $3,711
2023 $9,913 $20,286 $1,027 $3,399
2022 $9,324 $18,802 $975 $3,099
2021 $8,376 $15,809 $830 $2,733
2020 $7,828 $14,244 $779 $2,285
2019 $9,491 $16,021 $810 $2,336
2018 $9,215 $15,070 $772 $2,125
2017 $8,225 $12,696 $758 $1,968
2016 $8,803 $12,945 $730 $1,866
2015 $8,283 $12,093 $734 $1,781
2014 $8,132 $12,083 $725 $1,678
2013 $7,822 $11,286 $705 $1,512
2012 $7,529 $10,921 $707 $1,455
2011 $7,705 $11,123 $651 $1,413
2010 $7,550 $10,924 $594 $1,314
2009 $7,487 $10,804 $564 $1,241
2008 $6,971 $10,862 $528 $1,191
2007 $6,459 $9,949 $426 $1,079
2006 $6,056 $9,200 $357 $1,002
2005 $5,695 $8,557 $324 $914
2004 $5,779 $8,232 $269.5 $832
2003 $5,447 $7,714 $249 $775
2002 $5,488 $7,167 $234 $760
2001 $5,528 $7,291 $237.3 $670
2000 $4,867 $7,111 $251.9 $609
1999 $4,817 $6,759 $264.7 $554
1998 $4,664 $6,617 $246.2 $528
1997 $4,372 $6,290 $238.7 $500
1996 $4,211 $6,041 $206 $499
1995 $3,952 $5,749 $228 $514
1994 $3,805 $5,465 $111 $311
1993 $3,536 $5,352 $247 $521
1992 $3,376 $5,125 $264.1 $575
1991 $3,171 $4,914 $254 $542
1990 $2,893 $4,667 $346 $549
1989 $2,639 - $335 -
1988 $2,423 - $344 -
1987 $2,138 - $320 -
1986 $1,893 - $297.7 -
1985 $1,666 - $271.6 -
1984 $1,515 - $259.9 -
1983 $1,363 - $250.6 -
1982 $1,232 - $246.4 -
1981 $1,125 - $254.6 -
1980 $996 - $234.4 -
1979 $754 - $213.8 -
1978 $786 - $179.9 -
1977 $634 - $152.7 -
1976 - - $134.4 -
1975 - - $124.1 -
1974 - - $68.9 -
1973 - - $66.9 -
1972 - - $58.4 -
1971 - - $54.4 -
1970 - - $55.2 -
1969 - - $48.9 -
1968 - - $46 -
1967 - - $44 -
1966 - - $35.4 -
1965 - - $43.5 -
1964 - - $39 -
1963 - - $39.3 -
1962 - - $39.2 -
1961 - - $39.3 -
1960 - - $39.4 -

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

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Rwanda ranks 168th at $3,711.

Economic indicators

Dominica Rwanda
Gross domestic product
$689M
2024
$14.3B
2024
GDP rank
190/197
2024
144/197
2024
GDP growth
2.05%
2023-2024
8.89%
2023-2024
GDP per capita
$10,405
2024
$1,000
2024
GDP per capita rank
84/197
2024
178/197
2024
GDP per capita, PPP
$21,301
2024
$3,711
2024
GDP per capita PPP rank
91/197
2024
168/197
2024
Government debt
$713M
2024
$9.58B
2024
Debt-to-GDP ratio
103.5%
2024
67.2%
2024
Government debt per person
$10,765
2024
$672
2024
Government debt per person rank
55/185
2024
157/185
2024
Average annual personal income after taxes
$6,045
2026
$2,194
2026
Market capitalization of domestic companies n/a
$2.75B
2024
Income share by richest 10% n/a
33.4%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
60.9%
2024
28.8%
2024
Consumer prices inflation
2.57%
2023-2024
1.77%
2023-2024
Central bank interest rate n/a
6.75%
2025
Unemployment rate
11%
2001
11.3%
2024
Population
65539
14975051

Spending and national debt comparison by year

Dominica
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Dominica Rwanda
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 28.8% 67.2%
2023 66.8% 103.2% 27% 63.4%
2022 72.7% 108.3% 29.7% 60.9%
2021 70.1% 113.6% 31.6% 67.3%
2020 70.1% 118.2% 33.5% 68.7%
2019 44% 89.1% 28.2% 53.6%
2018 66.7% 90% 26.4% 49.2%
2017 55.7% 86.7% 25.1% 45.6%
2016 45.8% 72.9% 25.1% 41.1%
2015 33.5% 71.1% 26.6% 33.1%
2014 33.3% 73.5% 27.5% 29.1%
2013 34.2% 75.6% 26.2% 26.7%
2012 36.6% 74% 24.6% 19.1%
2011 34.7% 68.6% 24.7% 18.7%
2010 39.7% 67.3% 23.8% 18.8%
2009 36.1% 62.8% 22.3% 18.5%
2008 35.9% 66.5% 22.5% 18.3%
2007 35.6% 74.9% 22.4% 22.1%
2006 30.9% 80.4% 20.6% 22.5%
2005 32.1% 84.9% 19.9% 58.9%
2004 30.1% 85.8% 17.9% 80.9%
2003 31.2% 98.2% 18.5% 79.5%
2002 29% 99.4% 20.5% 92%
2001 29.3% 97.5% 19.1% 84%
2000 38.9% 69.6% 18.2% 86%
1999 35.3% 62% 22.4% 78.4%
1998 33.5% 57.1% 16.4% 70.1%
1997 29.1% 49.3% 17% 72.2%
1996 29% 54.7% 19.5% 83.4%
1995 29.7% 59.3% 18% 100.8%
1994 27.7% 57% 13.3% -
1993 26.1% 55.4% 20.3% -
1992 28% 55.3% 21.5% -
1991 29.9% 58.7% - -
1990 32.9% 56.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 67.2% in Rwanda, ranking 20/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Rwanda
1x
Year Deficit/surplus, % of GDP
Dominica Rwanda
2024 -2.28% -6.57%
2023 -4.66% -5.04%
2022 -7.49% -5.74%
2021 -8.61% -7%
2020 -7.91% -9.54%
2019 -7.95% -5.08%
2018 -18.1% -2.57%
2017 -3.37% -2.52%
2016 11% -2.27%
2015 11.8% -2.68%
2014 -5.65% -3.92%
2013 -2.95% -1.27%
2012 -5.48% -2.38%
2011 -4.34% -0.86%
2010 -3.41% -0.64%
2009 -0.31% 0.26%
2008 0.72% 0.83%
2007 1.88% -1.56%
2006 3.04% -0.03%
2005 0.98% 1.12%
2004 -0.67% 2.27%
2003 0.88% -1.23%
2002 -4.13% -2.03%
2001 -6.48% -1.8%
2000 -8.75% -0.22%
1999 -9.2% -4.41%
1998 -6.08% -2.59%
1997 -2.31% -2.22%
1996 -1.62% -5.01%
1995 -2.97% -2.04%
1994 -3.42% -9.54%
1993 -1.46% -6.6%
1992 -2.28% -7.21%
1991 -3.08% -
1990 -4.87% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/dominica/rwanda | 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 Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 33 years, Dominica recorded a fiscal deficit in 26 of those years, while Rwanda ran a deficit in 29 years. On average, Dominica posted an annual deficit equal to 3.08% of GDP, compared to deficit of 3.03% of GDP for Rwanda.

Inflation comparison by year

Inflation
Dominica

Rwanda
1x
Year Consumer prices inflation
Dominica Rwanda
2024 2.57% 1.77%
2023 5.09% 19.8%
2022 2.88% 17.7%
2021 2.23% -0.39%
2020 1.22% 9.85%
2019 1.5% 3.35%
2018 0.99% -0.31%
2017 0.3% 8.28%
2016 0.14% 7.17%
2015 -0.84% 2.53%
2014 0.8% 2.35%
2013 -0.05% 5.92%
2012 1.36% 10.3%
2011 1.13% 3.08%
2010 3% -0.25%
2009 0.006% 12.9%
2008 6.36% 15.4%
2007 3.63% 9.08%
2006 2.2% 8.88%
2005 1.68% 9.01%
2004 2.39% 12.3%
2003 1.45% 7.45%
2002 0.17% 1.99%
2001 1.3% 3.34%
2000 0.86% 3.9%
1999 1.18% -2.41%
1998 1% 6.21%
1997 2.44% 12%

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

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 6.83% in Rwanda. In 2024, inflation was 2.57% in Dominica and 1.77% in Rwanda.

Balance of trade

Dominica Rwanda
Current account balance
-$160M
2024
-$1.81B
2024
Current account balance ranking
94/190
2024
140/190
2024
Current account balance, % of GDP
-23.2%
2024
-12.7%
2024
Goods imports
$231M
2024
$5.55B
2024
Goods exports
$22M
2024
$3.2B
2024
Service imports
$157M
2024
$991M
2024
Service exports
$191M
2024
$1.08B
2024
Imports of goods and services, % of GDP n/a
39.1%
2024
Exports of goods and services, % of GDP
8.5%
2025
30.8%
2024

Economic freedom indices

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

Dominica Rwanda
Economic freedom 56.1 56.5
Economic freedom ranking 124/197 121/197
Property rights 65.8 60.3
Government integrity 61.2 53.9
Judicial effectiveness 77.3 27.5
Tax burden 76.1 80.6
Government spending 0 75.7
Fiscal health 45.6 37.5
Business freedom 66.2 60.1
Labor freedom 49.8 49.1
Monetary freedom 77.7 72.3
Trade freedom 53.2 61.8
Investment freedom 60 60
Financial freedom 40 40

Economic freedom comparison by year

Dominica
Rwanda
1x
Year Economic freedom index
Dominica Rwanda
2026 56.1 56.5
2025 55.3 54.8
2024 54 51.6
2023 59.7 52.2
2022 54.4 57.1
2021 53 68.3
2020 60.8 70.9
2019 63.6 71.1
2018 64.5 69.1
2017 63.7 67.6
2016 67 63.1
2015 66.1 64.8
2014 65.2 64.7
2013 63.9 64.1
2012 61.6 64.9
2011 63.3 62.7
2010 63.2 59.1
2009 62.6 54.2
2008 - 54.2
2007 - 52.4
2006 - 52.8
2005 - 51.7
2004 - 53.3
2003 - 47.8
2002 - 50.4
2001 - 45.4
2000 - 42.3
1999 - 39.8
1998 - 39.1
1997 - 38.3

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Rwanda
Services, % of GDP
56.9%
2024
47.6%
2024
Industry, % of GDP
13.9%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
24.6%
2024
GNI, Atlas method
$677M
2024
$14.8B
2024
GNI per capita, PPP
$21,410
2024
$3,620
2024
Total reserves including gold
$156M
2024
$2.41B
2024
Total reserves ranking
172/177
2024
123/177
2024
Net foreign direct investment
-$36.4M
2024
-$560M
2024
Net inflows of foreign direct investment
$60M
2024
$573M
2024
Net outflows of foreign direct investment
-$401K
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
3.09%
2024
Poverty at national poverty lines
29%
2020
27.4%
2023
Gross capital formation, % of GDP n/a
25.9%
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/rwanda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.