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Economy of Dominica vs Sri Lanka compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $109B for Sri Lanka, ranking 190/197 and 71/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $100B (100.8% of GDP) in Sri Lanka.

Dominica vs Sri Lanka GDP by year

Dominica
Sri Lanka
1x
Year GDP, current $
Dominica Sri Lanka
2025 $723,859,259 $108,825,231,671
2024 $688,881,481 $99,616,111,266
2023 $659,311,111 $84,080,307,356
2022 $623,062,963 $74,143,020,304
2021 $562,911,111 $88,556,699,052
2020 $528,944,444 $84,335,574,372
2019 $644,259,259 $88,998,706,178
2018 $628,244,444 $94,450,015,983
2017 $563,355,556 $94,369,350,439
2016 $612,711,111 $88,000,210,878
2015 $583,177,778 $85,090,300,896
2014 $572,255,556 $82,531,125,462
2013 $545,325,926 $76,976,204,075
2012 $520,355,556 $70,447,216,891
2011 $532,081,481 $67,753,285,882
2010 $519,859,259 $58,636,049,581
2009 $515,618,519 $42,066,224,093
2008 $480,003,704 $40,713,826,215
2007 $444,685,185 $32,350,238,760
2006 $416,674,074 $28,267,410,543
2005 $391,455,556 $24,405,791,045
2004 $396,711,111 $20,662,525,941
2003 $373,318,519 $18,881,765,437
2002 $375,200,000 $16,536,535,647
2001 $377,462,963 $15,749,753,805
2000 $333,470,370 $16,595,882,819
1999 $331,759,259 $15,711,933,513
1998 $322,411,111 $15,760,736,956
1997 $302,988,889 $15,091,913,884
1996 $292,285,185 $13,897,738,375
1995 $274,522,222 $13,029,697,561
1994 $264,374,074 $11,717,604,209
1993 $245,525,926 $10,338,679,636
1992 $234,059,259 $9,703,011,636
1991 $219,762,963 $9,000,362,582
1990 $201,429,630 $8,032,551,173
1989 $185,137,243 $6,987,267,684
1988 $171,106,184 $6,978,371,581
1987 $151,868,754 $6,682,167,120
1986 $135,161,959 $6,405,210,564
1985 $119,491,933 $5,978,460,972
1984 $109,157,071 $6,043,474,843
1983 $98,665,191 $5,167,913,302
1982 $89,527,577 $4,768,765,017
1981 $82,107,391 $4,415,844,156
1980 $72,804,653 $4,024,621,900
1979 $55,017,759 $3,364,611,432
1978 $57,130,216 $2,733,183,857
1977 $45,872,947 $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/dominica/sri-lanka | CC BY

GDP per capita in Dominica vs Sri Lanka by year

Dominica
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $5,002 -
2024 $10,405 $21,301 $4,545 $15,633
2023 $9,913 $20,286 $3,815 $14,456
2022 $9,324 $18,802 $3,343 $14,194
2021 $8,376 $15,809 $3,997 $14,316
2020 $7,828 $14,244 $3,848 $12,941
2019 $9,491 $16,021 $4,082 $14,113
2018 $9,215 $15,070 $4,359 $14,178
2017 $8,225 $12,696 $4,399 $13,610
2016 $8,803 $12,945 $4,149 $13,079
2015 $8,283 $12,093 $4,058 $12,227
2014 $8,132 $12,083 $3,972 $11,721
2013 $7,822 $11,286 $3,739 $11,253
2012 $7,529 $10,921 $3,328 $10,249
2011 $7,705 $11,123 $3,225 $9,076
2010 $7,550 $10,924 $2,808 $8,234
2009 $7,487 $10,804 $2,027 $7,576
2008 $6,971 $10,862 $1,974 $7,317
2007 $6,459 $9,949 $1,579 $6,820
2006 $6,056 $9,200 $1,389 $6,261
2005 $5,695 $8,557 $1,207 $5,679
2004 $5,779 $8,232 $1,029 $5,216
2003 $5,447 $7,714 $946 $4,850
2002 $5,488 $7,167 $835 $4,522
2001 $5,528 $7,291 $804 $4,328
2000 $4,867 $7,111 $860 $4,368
1999 $4,817 $6,759 $829 $4,103
1998 $4,664 $6,617 $848 $3,952
1997 $4,372 $6,290 $827 $3,804
1996 $4,211 $6,041 $776 $3,582
1995 $3,952 $5,749 $742 $3,454
1994 $3,805 $5,465 $678 $3,260
1993 $3,536 $5,352 $607 $3,067
1992 $3,376 $5,125 $580 $2,851
1991 $3,171 $4,914 $546 $2,713
1990 $2,893 $4,667 $491 $2,527
1989 $2,639 - $430 -
1988 $2,423 - $434 -
1987 $2,138 - $420 -
1986 $1,893 - $407 -
1985 $1,666 - $385 -
1984 $1,515 - $391 -
1983 $1,363 - $336 -
1982 $1,232 - $312 -
1981 $1,125 - $292.5 -
1980 $996 - $271.1 -
1979 $754 - $230.8 -
1978 $786 - $191 -
1977 $634 - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/dominica/sri-lanka | CC BY

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $5,002 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Dominica Sri Lanka
Gross domestic product
$724M
2025
$109B
2025
GDP rank
190/197
2025
71/197
2025
GDP growth
3.05%
2024-2025
4.95%
2024-2025
GDP per capita
$10,989
2025
$5,002
2025
GDP per capita rank
84/197
2025
124/197
2025
GDP per capita, PPP
$21,301
2024
$15,633
2024
GDP per capita PPP rank
91/197
2024
111/197
2024
Government debt
$743M
2025
$100B
2024
Debt-to-GDP ratio
102.6%
2025
100.8%
2024
Government debt per person
$11,275
2025
$4,584
2024
Government debt per person rank
54/185
2025
90/185
2024
Average annual personal income after taxes
$6,105
2026
$2,830
2026
Market capitalization of domestic companies n/a
$26.1B
2025
Income share by richest 10% n/a
30.8%
2019
Income share by poorest 10% n/a
3.1%
2019
Government expenditure, % of GDP
55.4%
2025
19.1%
2024
Consumer prices inflation
2.53%
2024-2025
-4.76%
2024-2025
Central bank interest rate n/a
7.75%
2025
Unemployment rate
11%
2001
4.32%
2024
Population
65501
21926160

Spending and national debt comparison by year

Dominica
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Dominica Sri Lanka
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% - -
2024 67.4% 108.2% 19.1% 100.8%
2023 64.8% 101.3% 19.5% 110.4%
2022 69.7% 110% 18.6% 115.9%
2021 67% 116.3% 20% 102.7%
2020 66.8% 118.4% 22.1% 96.9%
2019 48.3% 97.8% 19.5% 82.6%
2018 63.4% 85.7% 17.5% 83.6%
2017 54% 84.2% 17.9% 72.3%
2016 48% 76.9% 18.2% 75%
2015 32.4% 68.2% 19.3% 76.3%
2014 32.7% 71.3% 17.2% 69.6%
2013 33.4% 73.9% 16.6% 69.5%
2012 36.2% 73.1% 17.3% 67.5%
2011 35.2% 69.7% 19.1% 69.4%
2010 39.4% 66.8% 19.3% 68.7%
2009 35.9% 62.5% 21% 72.8%
2008 34.7% 64.4% 19.1% 68.8%
2007 34.1% 71.8% 19.9% 71.8%
2006 29.7% 77.4% 20.5% 74.3%
2005 31% 82% 20.1% 76.6%
2004 30.2% 86.2% 19.3% 86.5%
2003 30.1% 94.9% 19.3% 86.5%
2002 28.6% 97.9% 20.8% 96.3%
2001 29.6% 98.5% 22.4% 84.4%
2000 38.5% 68.9% 21.7% 79.2%
1999 35.2% 61.8% 20.5% 77.7%
1998 33% 56.3% 21.4% 74.2%
1997 28.2% 47.7% 21.4% 70.1%
1996 28.5% 53.7% 23.1% 76.2%
1995 28.8% 57.4% 24.8% 77.8%
1994 27.2% 55.9% 24.1% 77.9%
1993 25.2% 53.4% 23.2% 79.2%
1992 27.4% 54% 23% 77.9%
1991 29% 56.9% 26.4% 80.5%
1990 31.5% 54.1% 25.4% 78.9%

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

GeoRank.org/economy/dominica/sri-lanka | CC BY

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Sri Lanka spent $19B, or 19.1% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 100.8% in Sri Lanka, ranking 20/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Dominica Sri Lanka
2025 -1.35% -
2024 -6.75% -5.43%
2023 -4.52% -8.32%
2022 -7.18% -10.2%
2021 -8.22% -11.7%
2020 -7.53% -13.4%
2019 -8.72% -7.52%
2018 -17.2% -4.96%
2017 -3.27% -5.1%
2016 11.6% -5%
2015 11.4% -6.64%
2014 -5.54% -5.99%
2013 -2.88% -5%
2012 -5.41% -5.44%
2011 -4.4% -6.01%
2010 -3.38% -6.73%
2009 -0.31% -8.33%
2008 0.7% -5.93%
2007 1.8% -5.81%
2006 2.93% -5.91%
2005 0.95% -5.93%
2004 -0.67% -6.32%
2003 0.85% -6.15%
2002 -4.07% -6.9%
2001 -6.54% -8.48%
2000 -8.66% -7.78%
1999 -9.18% -5.58%
1998 -5.99% -6.79%
1997 -2.24% -5.71%
1996 -1.59% -6.89%
1995 -2.88% -7.11%
1994 -3.35% -7.41%
1993 -1.41% -5.77%
1992 -2.22% -4.95%
1991 -2.99% -7.97%
1990 -4.66% -6.39%

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

GeoRank.org/economy/dominica/sri-lanka | CC BY

In 2024, Dominica's government deficit, the difference between spending and revenue, was $46.5M, equivalent to 6.75% of GDP. This compares to Sri Lanka's deficit of $5.4B, or 5.43% of GDP.

Over the past 35 years, Dominica recorded a fiscal deficit in 28 of those years, while Sri Lanka ran a deficit in 35 years. On average, Dominica posted an annual deficit equal to 3.19% of GDP, compared to deficit of 6.84% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Dominica

Sri Lanka
1x
Year Consumer prices inflation
Dominica Sri Lanka
2025 2.53% -4.76%
2024 2.74% -0.43%
2023 5.09% 16.5%
2022 2.88% 49.7%
2021 2.23% 7.01%
2020 1.22% 6.15%
2019 1.5% 3.53%
2018 0.99% 2.14%
2017 0.3% 7.7%
2016 0.14% 3.96%
2015 -0.84% 3.77%
2014 0.8% 3.18%
2013 -0.05% 6.91%
2012 1.36% 7.54%
2011 1.13% 6.72%
2010 3% 6.22%
2009 0.006% 3.46%
2008 6.36% 22.6%
2007 3.63% 15.8%
2006 2.2% 10%
2005 1.68% 11.6%
2004 2.39% 7.58%
2003 1.45% 6.31%
2002 0.17% 9.55%
2001 1.3% 14.2%
2000 0.86% 6.18%
1999 1.18% 4.69%
1998 1% 9.36%
1997 2.44% 9.57%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/dominica/sri-lanka | CC BY

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 8.86% in Sri Lanka. In 2025, inflation was 2.53% in Dominica and -4.76% in Sri Lanka.

Top exports between countries

Dominica
Export category Export value
Sri Lanka
Export category Export value
Machinery & equipment $774K
Textiles & consumer goods $173K
Wood & paper products $11K
Processed food, beverages & tobacco $10K

Balance of trade

Dominica Sri Lanka
Current account balance
-$275M
2025
$1.21B
2024
Current account balance ranking
94/190
2025
49/190
2024
Current account balance, % of GDP
-38%
2025
+1.21%
2024
Goods imports
$275M
2025
$18.8B
2024
Goods exports
$29.8M
2025
$12.8B
2024
Service imports
$208M
2025
$3.48B
2024
Service exports
$181M
2025
$6.91B
2024
Imports of goods and services, % of GDP n/a
22.8%
2025
Exports of goods and services, % of GDP
8.5%
2026
19%
2025

Economic freedom indices

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

Dominica Sri Lanka
Economic freedom 56.1 50.3
Economic freedom ranking 124/197 162/197
Property rights 65.8 47.3
Government integrity 61.2 37.3
Judicial effectiveness 77.3 47.2
Tax burden 76.1 77
Government spending 0 89
Fiscal health 45.6 0
Business freedom 66.2 60.1
Labor freedom 49.8 54.3
Monetary freedom 77.7 65.9
Trade freedom 53.2 65.6
Investment freedom 60 30
Financial freedom 40 30

Economic freedom comparison by year

Dominica
Sri Lanka
1x
Year Economic freedom index
Dominica Sri Lanka
2026 56.1 50.3
2025 55.3 49.4
2024 54 49.2
2023 59.7 52.2
2022 54.4 53.3
2021 53 55.7
2020 60.8 57.4
2019 63.6 56.4
2018 64.5 57.8
2017 63.7 57.4
2016 67 59.9
2015 66.1 58.6
2014 65.2 60
2013 63.9 60.7
2012 61.6 58.3
2011 63.3 57.1
2010 63.2 54.6
2009 62.6 56
2008 - 58.4
2007 - 59.4
2006 - 58.7
2005 - 61
2004 - 61.6
2003 - 62.5
2002 - 64
2001 - 66
2000 - 63.2
1999 - 64
1998 - 64.6
1997 - 65.5
1996 - 62.5
1995 - 60.6

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

GeoRank.org/economy/dominica/sri-lanka | CC BY

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Sri Lanka
Services, % of GDP
57.2%
2025
54.6%
2025
Industry, % of GDP
14.1%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
8.36%
2025
GNI, Atlas method
$704M
2025
$102B
2025
GNI per capita, PPP
$22,130
2025
$16,750
2025
Total reserves including gold
$165M
2025
$6.09B
2024
Total reserves ranking
172/177
2025
96/177
2024
Net foreign direct investment
-$49.5M
2025
-$651M
2024
Net inflows of foreign direct investment
$60M
2024
$761M
2024
Net outflows of foreign direct investment
-$401K
2024
$110M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
4.96%
2024
Poverty at national poverty lines
29%
2020
14.3%
2019
Gross capital formation, % of GDP n/a
29.6%
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/sri-lanka | 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. TradeMap (2023–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. 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.