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Economy of Dominica vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $1.16B for Saint Vincent, ranking 190/197 and 186/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Dominica vs Saint Vincent GDP by year

Dominica
Saint Vincent
1x
Year GDP, current $
Dominica Saint Vincent
2024 $688,881,481 $1,157,207,407
2023 $659,311,111 $1,072,237,037
2022 $623,062,963 $989,188,889
2021 $562,911,111 $888,677,778
2020 $528,944,444 $864,566,667
2019 $644,259,259 $910,481,481
2018 $628,244,444 $884,329,630
2017 $563,355,556 $844,040,741
2016 $612,711,111 $814,303,704
2015 $583,177,778 $786,555,556
2014 $572,255,556 $770,900,000
2013 $545,325,926 $764,781,259
2012 $520,355,556 $730,032,593
2011 $532,081,481 $713,796,370
2010 $519,859,259 $720,447,889
2009 $515,618,519 $714,300,259
2008 $480,003,704 $732,663,259
2007 $444,685,185 $713,596,667
2006 $416,674,074 $643,501,148
2005 $391,455,556 $579,948,926
2004 $396,711,111 $549,900,185
2003 $373,318,519 $509,090,889
2002 $375,200,000 $487,763,852
2001 $377,462,963 $462,072,333
2000 $333,470,370 $427,946,037
1999 $331,759,259 $390,718,519
1998 $322,411,111 $373,618,519
1997 $302,988,889 $347,770,370
1996 $292,285,185 $331,488,889
1995 $274,522,222 $316,007,407
1994 $264,374,074 $289,437,037
1993 $245,525,926 $286,307,407
1992 $234,059,259 $277,955,556
1991 $219,762,963 $254,829,630
1990 $201,429,630 $240,366,667
1989 $185,137,243 $214,745,002
1988 $171,106,184 $200,726,713
1987 $151,868,754 $175,580,647
1986 $135,161,959 $160,846,657
1985 $119,491,933 $145,641,705
1984 $109,157,071 $135,024,988
1983 $98,665,191 $122,255,350
1982 $89,527,577 $113,759,203
1981 $82,107,391 $102,086,539
1980 $72,804,653 $82,340,340
1979 $55,017,759 $71,096,360
1978 $57,130,216 $60,844,771
1977 $45,872,947 $49,353,162
1976 - $32,792,845
1975 - $33,237,226
1974 - $32,923,703
1973 - $30,165,081
1972 - $27,585,805
1971 - $20,051,922
1970 - $18,450,000
1969 - $16,650,000
1968 - $15,350,000
1967 - $15,835,106
1966 - $16,099,960
1965 - $15,108,296
1964 - $14,758,296
1963 - $13,708,299
1962 - $14,524,964
1961 - $13,999,965
1960 - $13,066,634

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

GeoRank.org/economy/dominica/saint-vincent | CC BY

GDP per capita in Dominica vs Saint Vincent by year

Dominica
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $11,501 $21,272
2023 $9,913 $20,286 $10,582 $19,820
2022 $9,324 $18,802 $9,694 $18,035
2021 $8,376 $15,809 $8,641 $16,201
2020 $7,828 $14,244 $8,351 $15,337
2019 $9,491 $16,021 $8,741 $15,340
2018 $9,215 $15,070 $8,428 $14,690
2017 $8,225 $12,696 $7,988 $13,575
2016 $8,803 $12,945 $7,657 $13,493
2015 $8,283 $12,093 $7,354 $12,379
2014 $8,132 $12,083 $7,169 $12,136
2013 $7,822 $11,286 $7,072 $11,625
2012 $7,529 $10,921 $6,714 $10,989
2011 $7,705 $11,123 $6,528 $10,774
2010 $7,550 $10,924 $6,552 $10,561
2009 $7,487 $10,804 $6,464 $10,869
2008 $6,971 $10,862 $6,599 $10,902
2007 $6,459 $9,949 $6,398 $10,604
2006 $6,056 $9,200 $5,745 $9,949
2005 $5,695 $8,557 $5,157 $8,986
2004 $5,779 $8,232 $4,873 $8,472
2003 $5,447 $7,714 $4,500 $7,903
2002 $5,488 $7,167 $4,303 $7,250
2001 $5,528 $7,291 $4,071 $6,768
2000 $4,867 $7,111 $3,769 $6,503
1999 $4,817 $6,759 $3,447 $6,266
1998 $4,664 $6,617 $3,301 $6,026
1997 $4,372 $6,290 $3,074 $5,726
1996 $4,211 $6,041 $2,930 $5,440
1995 $3,952 $5,749 $2,795 $5,277
1994 $3,805 $5,465 $2,563 $4,802
1993 $3,536 $5,352 $2,540 $4,769
1992 $3,376 $5,125 $2,471 $4,477
1991 $3,171 $4,914 $2,271 $4,126
1990 $2,893 $4,667 $2,150 $3,960
1989 $2,639 - $1,930 -
1988 $2,423 - $1,814 -
1987 $2,138 - $1,596 -
1986 $1,893 - $1,472 -
1985 $1,666 - $1,342 -
1984 $1,515 - $1,254 -
1983 $1,363 - $1,144 -
1982 $1,232 - $1,074 -
1981 $1,125 - $972 -
1980 $996 - $790 -
1979 $754 - $687 -
1978 $786 - $592 -
1977 $634 - $484 -
1976 - - $324 -
1975 - - $331 -
1974 - - $331 -
1973 - - $306 -
1972 - - $282.1 -
1971 - - $207 -
1970 - - $192.3 -
1969 - - $175.2 -
1968 - - $163.1 -
1967 - - $170 -
1966 - - $174.9 -
1965 - - $166.2 -
1964 - - $164.4 -
1963 - - $154.9 -
1962 - - $166.5 -
1961 - - $163 -
1960 - - $154.8 -

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

GeoRank.org/economy/dominica/saint-vincent | CC BY

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Dominica Saint Vincent
Gross domestic product
$689M
2024
$1.16B
2024
GDP rank
190/197
2024
186/197
2024
GDP growth
2.05%
2023-2024
4.06%
2023-2024
GDP per capita
$10,405
2024
$11,501
2024
GDP per capita rank
84/197
2024
81/197
2024
GDP per capita, PPP
$21,301
2024
$21,272
2024
GDP per capita PPP rank
91/197
2024
92/197
2024
Government debt
$713M
2024
$1.07B
2024
Debt-to-GDP ratio
103.5%
2024
92.7%
2024
Government debt per person
$10,765
2024
$10,659
2024
Government debt per person rank
55/185
2024
56/185
2024
Average annual personal income after taxes
$6,045
2026
$12,573
2026
Government expenditure, % of GDP
60.9%
2024
39.1%
2024
Consumer prices inflation
2.57%
2023-2024
3.63%
2023-2024
Unemployment rate
11%
2001
18.8%
2008
Population
65539
99237

Spending and national debt comparison by year

Dominica
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Dominica Saint Vincent
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 39.1% 92.7%
2023 66.8% 103.2% 38.9% 89.4%
2022 72.7% 108.3% 36.6% 86.3%
2021 70.1% 113.6% 37.2% 88.4%
2020 70.1% 118.2% 32.9% 80.2%
2019 44% 89.1% 29.2% 68.2%
2018 66.7% 90% 26.3% 69.4%
2017 55.7% 86.7% 26.6% 69%
2016 45.8% 72.9% 27.1% 79.4%
2015 33.5% 71.1% 27.6% 75.1%
2014 33.3% 73.5% 30.4% 75%
2013 34.2% 75.6% 29.4% 69.9%
2012 36.6% 74% 26.5% 68.1%
2011 34.7% 68.6% 29.4% 64%
2010 39.7% 67.3% 31.1% 61.1%
2009 36.1% 62.8% 31% 57.2%
2008 35.9% 66.5% 28.4% 50.3%
2007 35.6% 74.9% 27.1% 48.5%
2006 30.9% 80.4% 26.1% 44.7%
2005 32.1% 84.9% 26.7% 50.5%
2004 30.1% 85.8% 24.9% 58.6%
2003 31.2% 98.2% 26% 55.3%
2002 29% 99.4% 25.7% 53.2%
2001 29.3% 97.5% 24.4% 52%
2000 38.9% 69.6% 23.8% 54.3%
1999 35.3% 62% 25.2% 52.9%
1998 33.5% 57.1% 25.2% 39.5%
1997 29.1% 49.3% 26% 38.8%
1996 29% 54.7% 20.9% 40.7%
1995 29.7% 59.3% 19.9% 46.8%
1994 27.7% 57% 22.4% 52.8%
1993 26.1% 55.4% 22.3% 48.1%
1992 28% 55.3% 25.4% 49.6%
1991 29.9% 58.7% 25.5% 52.1%
1990 32.9% 56.6% 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/dominica/saint-vincent | CC BY

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 92.7% in Saint Vincent, ranking 20/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Dominica Saint Vincent
2024 -2.28% -12.9%
2023 -4.66% -12%
2022 -7.49% -9.35%
2021 -8.61% -7.19%
2020 -7.91% -5.92%
2019 -7.95% -3.45%
2018 -18.1% -1.65%
2017 -3.37% -1.56%
2016 11% 0.04%
2015 11.8% -2.01%
2014 -5.65% -2.82%
2013 -2.95% -5.81%
2012 -5.48% -1.81%
2011 -4.34% -3.5%
2010 -3.41% -3.7%
2009 -0.31% -2.85%
2008 0.72% -1.3%
2007 1.88% -3.07%
2006 3.04% -3.13%
2005 0.98% -4.3%
2004 -0.67% -2.71%
2003 0.88% -2.51%
2002 -4.13% -2%
2001 -6.48% -1.6%
2000 -8.75% -0.82%
1999 -9.2% -1.93%
1998 -6.08% -1.81%
1997 -2.31% -2.77%
1996 -1.62% 1.57%
1995 -2.97% 1.08%
1994 -3.42% 0.12%
1993 -1.46% -1.46%
1992 -2.28% -3.25%
1991 -3.08% -0.47%
1990 -4.87% 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/dominica/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 35 years, Dominica recorded a fiscal deficit in 28 of those years, while Saint Vincent ran a deficit in 30 years. On average, Dominica posted an annual deficit equal to 3.13% of GDP, compared to deficit of 3% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Dominica

Saint Vincent
1x
Year Consumer prices inflation
Dominica Saint Vincent
2024 2.57% 3.63%
2023 5.09% 4.56%
2022 2.88% 5.66%
2021 2.23% 1.57%
2020 1.22% -0.63%
2019 1.5% 0.91%
2018 0.99% 2.32%
2017 0.3% 2.15%
2016 0.14% -0.15%
2015 -0.84% -1.73%
2014 0.8% 0.19%
2013 -0.05% 0.81%
2012 1.36% 2.6%
2011 1.13% 3.19%
2010 3% 0.75%
2009 0.006% 0.42%
2008 6.36% 10.1%
2007 3.63% 7.24%
2006 2.2% 2.74%
2005 1.68% 3.73%
2004 2.39% 2.96%
2003 1.45% 0.21%
2002 0.17% 1.86%
2001 1.3% 0.9%
2000 0.86% 0.17%
1999 1.18% 1.01%
1998 1% 2.14%
1997 2.44% 0.44%

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

GeoRank.org/economy/dominica/saint-vincent | CC BY

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 2.13% in Saint Vincent. In 2024, inflation was 2.57% in Dominica and 3.63% in Saint Vincent.

Top exports between countries

Dominica
Export category Export value
Textiles & consumer goods $426K
Chemicals & pharma $218K
Machinery & equipment $117K
Raw materials & minerals $103K
Animal & marine products $13K
Processed food, beverages & tobacco $5K
Metals $1K
Saint Vincent
Export category Export value
Processed food, beverages & tobacco $2.18M
Raw agricultural goods $1.84M
Metals $581K
Machinery & equipment $116K
Animal & marine products $40K
Wood & paper products $6K
Textiles & consumer goods $2K
Raw materials & minerals $1K

Balance of trade

Dominica Saint Vincent
Current account balance
-$160M
2024
-$157M
2024
Current account balance ranking
94/190
2024
93/190
2024
Current account balance, % of GDP
-23.2%
2024
-13.5%
2024
Goods imports
$231M
2024
$445M
2024
Goods exports
$22M
2024
$59.2M
2024
Service imports
$157M
2024
$196M
2024
Service exports
$191M
2024
$366M
2024
Exports of goods and services, % of GDP
8.5%
2025
15.3%
2025

Economic freedom indices

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

Dominica Saint Vincent
Economic freedom 56.1 60
Economic freedom ranking 124/197 98/197
Property rights 65.8 65.2
Government integrity 61.2 63.3
Judicial effectiveness 77.3 76.9
Tax burden 76.1 82
Government spending 0 56.2
Fiscal health 45.6 2.8
Business freedom 66.2 67.3
Labor freedom 49.8 60.1
Monetary freedom 77.7 77.3
Trade freedom 53.2 58.8
Investment freedom 60 70
Financial freedom 40 40

Economic freedom comparison by year

Dominica
Saint Vincent
1x
Year Economic freedom index
Dominica Saint Vincent
2026 56.1 60
2025 55.3 60.1
2024 54 59.8
2023 59.7 63.5
2022 54.4 65.7
2021 53 66.3
2020 60.8 66.8
2019 63.6 65.8
2018 64.5 67.7
2017 63.7 65.2
2016 67 68.8
2015 66.1 68
2014 65.2 67
2013 63.9 66.7
2012 61.6 66.5
2011 63.3 66.9
2010 63.2 66.9
2009 62.6 64.3

Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09).

GeoRank.org/economy/dominica/saint-vincent | CC BY

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Saint Vincent
Services, % of GDP
56.9%
2024
66.4%
2024
Industry, % of GDP
13.9%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
3.55%
2024
GNI, Atlas method
$677M
2024
$1.11B
2024
GNI per capita, PPP
$21,410
2024
$21,150
2024
Total reserves including gold
$156M
2024
$317M
2024
Total reserves ranking
172/177
2024
167/177
2024
Net foreign direct investment
-$36.4M
2024
-$74M
2024
Net inflows of foreign direct investment
$60M
2024
$139M
2024
Net outflows of foreign direct investment
-$401K
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
3.84%
2024
Poverty at national poverty lines
29%
2020
n/a

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/saint-vincent | 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 (2009–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2023, 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.