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Economy of Dominica vs Syria compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $20B for Syria, ranking 190/197 and 129/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $18.4B (30% of GDP) in Syria.

Dominica vs Syria GDP by year

Dominica
Syria
1x
Year GDP, current $
Dominica Syria
2024 $688,881,481 -
2023 $659,311,111 $19,993,439,950
2022 $623,062,963 $23,622,827,080
2021 $562,911,111 $14,353,205,678
2020 $528,944,444 $12,047,752,036
2019 $644,259,259 $22,583,045,060
2018 $628,244,444 $21,497,782,868
2017 $563,355,556 $16,369,843,352
2016 $612,711,111 $12,597,854,877
2015 $583,177,778 $16,466,863,117
2014 $572,255,556 $21,502,061,466
2013 $545,325,926 $21,361,254,635
2012 $520,355,556 $43,190,318,033
2011 $532,081,481 $67,539,428,159
2010 $519,859,259 $61,390,830,875
2009 $515,618,519 $54,111,735,629
2008 $480,003,704 $52,557,913,569
2007 $444,685,185 $40,465,318,382
2006 $416,674,074 $33,751,788,856
2005 $391,455,556 $28,858,965,517
2004 $396,711,111 $25,086,950,495
2003 $373,318,519 $21,828,144,686
2002 $375,200,000 $20,669,357,462
2001 $377,462,963 $20,237,024,725
2000 $333,470,370 $18,937,052,543
1999 $331,759,259 $15,873,875,969
1998 $322,411,111 $15,200,846,154
1997 $302,988,889 $14,505,233,463
1996 $292,285,185 $13,789,560,878
1995 $274,522,222 $11,396,706,587
1994 $264,374,074 $10,122,020,000
1993 $245,525,926 $13,695,962,055
1992 $234,059,259 $13,253,565,861
1991 $219,762,963 $12,981,833,333
1990 $201,429,630 $12,308,624,418
1989 $185,137,243 $9,853,395,762
1988 $171,106,184 $10,577,041,645
1987 $151,868,754 $11,356,215,543
1986 $135,161,959 $13,293,205,278
1985 $119,491,933 $16,403,539,893
1984 $109,157,071 $17,503,078,174
1983 $98,665,191 $17,589,277,143
1982 $89,527,577 $16,298,929,011
1981 $82,107,391 $15,518,201,335
1980 $72,804,653 $13,062,420,382
1979 $55,017,759 $9,929,681,529
1978 $57,130,216 $9,275,200,458
1977 $45,872,947 $7,696,011,396
1976 - $7,633,528,867
1975 - $6,826,980,444
1974 - $5,159,557,148
1973 - $3,239,487,516
1972 - $3,059,681,698
1971 - $2,589,851,325
1970 - $2,140,384,010
1969 - $2,245,011,515
1968 - $1,753,746,430
1967 - $1,580,229,799
1966 - $1,342,287,553
1965 - $1,472,036,540
1964 - $1,339,494,267
1963 - $1,200,447,408
1962 - $1,110,565,881
1961 - $945,244,972
1960 - $857,704,413

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

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

GDP per capita in Dominica vs Syria by year

Dominica
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 - -
2023 $9,913 $20,286 $847 $4,650
2022 $9,324 $18,802 $1,052 $4,772
2021 $8,376 $15,809 $664 $4,593
2020 $7,828 $14,244 $572 $3,738
2019 $9,491 $16,021 $1,110 $3,502
2018 $9,215 $15,070 $1,098 $3,456
2017 $8,225 $12,696 $852 $3,265
2016 $8,803 $12,945 $656 -
2015 $8,283 $12,093 $848 -
2014 $8,132 $12,083 $1,061 -
2013 $7,822 $11,286 $986 -
2012 $7,529 $10,921 $1,898 -
2011 $7,705 $11,123 $2,952 -
2010 $7,550 $10,924 $2,731 -
2009 $7,487 $10,804 $2,462 -
2008 $6,971 $10,862 $2,429 -
2007 $6,459 $9,949 $1,938 -
2006 $6,056 $9,200 $1,719 -
2005 $5,695 $8,557 $1,534 -
2004 $5,779 $8,232 $1,368 -
2003 $5,447 $7,714 $1,220 -
2002 $5,488 $7,167 $1,183 -
2001 $5,528 $7,291 $1,187 -
2000 $4,867 $7,111 $1,138 -
1999 $4,817 $6,759 $978 -
1998 $4,664 $6,617 $961 -
1997 $4,372 $6,290 $941 -
1996 $4,211 $6,041 $918 -
1995 $3,952 $5,749 $780 -
1994 $3,805 $5,465 $712 -
1993 $3,536 $5,352 $993 -
1992 $3,376 $5,125 $990 -
1991 $3,171 $4,914 $1,000 -
1990 $2,893 $4,667 $978 -
1989 $2,639 - $809 -
1988 $2,423 - $898 -
1987 $2,138 - $997 -
1986 $1,893 - $1,208 -
1985 $1,666 - $1,544 -
1984 $1,515 - $1,706 -
1983 $1,363 - $1,776 -
1982 $1,232 - $1,703 -
1981 $1,125 - $1,676 -
1980 $996 - $1,458 -
1979 $754 - $1,146 -
1978 $786 - $1,108 -
1977 $634 - $951 -
1976 - - $976 -
1975 - - $904 -
1974 - - $707 -
1973 - - $459 -
1972 - - $448 -
1971 - - $393 -
1970 - - $335 -
1969 - - $364 -
1968 - - $293.3 -
1967 - - $272.9 -
1966 - - $239.3 -
1965 - - $270.8 -
1964 - - $254.2 -
1963 - - $234.9 -
1962 - - $223.9 -
1961 - - $196.3 -
1960 - - $183.5 -

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

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Syria ranks 160th at $4,650.

Economic indicators

Dominica Syria
Gross domestic product
$689M
2024
$20B
2023
GDP rank
190/197
2024
129/197
2023
GDP growth
2.05%
2023-2024
-1.21%
2022-2023
GDP per capita
$10,405
2024
$847
2023
GDP per capita rank
84/197
2024
185/197
2023
GDP per capita, PPP
$21,301
2024
$4,650
2023
GDP per capita PPP rank
91/197
2024
160/197
2023
Government debt
$713M
2024
$18.4B
2010
Debt-to-GDP ratio
103.5%
2024
30%
2010
Government debt per person
$10,765
2024
$820
2010
Government debt per person rank
55/185
2024
148/185
2010
Average annual personal income after taxes
$6,045
2026
$730
2026
Income share by richest 10% n/a
21.1%
2022
Income share by poorest 10% n/a
3.8%
2022
Government expenditure, % of GDP
60.9%
2024
28.6%
2010
Consumer prices inflation
2.57%
2023-2024
13.4%
2018-2019
Unemployment rate
11%
2001
8.61%
2010
Population
65539
26829400

Spending and national debt comparison by year

Dominica
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Dominica Syria
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% - -
2023 66.8% 103.2% - -
2022 72.7% 108.3% - -
2021 70.1% 113.6% - -
2020 70.1% 118.2% - -
2019 44% 89.1% - -
2018 66.7% 90% - -
2017 55.7% 86.7% - -
2016 45.8% 72.9% - -
2015 33.5% 71.1% - -
2014 33.3% 73.5% - -
2013 34.2% 75.6% - -
2012 36.6% 74% - -
2011 34.7% 68.6% - -
2010 39.7% 67.3% 28.6% 30%
2009 36.1% 62.8% 26.7% 31.2%
2008 35.9% 66.5% 22.9% 37.3%
2007 35.6% 74.9% 25.7% 42.7%
2006 30.9% 80.4% 26.3% 45%
2005 32.1% 84.9% 28.2% 50.7%
2004 30.1% 85.8% 31.3% 113%
2003 31.2% 98.2% 32.6% 133.4%
2002 29% 99.4% 28.5% 132.4%
2001 29.3% 97.5% 28% 144.5%
2000 38.9% 69.6% 27.4% 152.1%
1999 35.3% 62% 28% 147.7%
1998 33.5% 57.1% 28.8% 151.2%
1997 29.1% 49.3% 29% 147.6%
1996 29% 54.7% 27.7% 141.5%
1995 29.7% 59.3% 29.8% 152.6%
1994 27.7% 57% 30.3% 163%
1993 26.1% 55.4% 29.4% 171.9%
1992 28% 55.3% 34.2% 173.6%
1991 29.9% 58.7% 34.3% 182.4%
1990 32.9% 56.6% 28.3% 189.8%

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

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 30% in Syria, ranking 20/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Syria
1x
Year Deficit/surplus, % of GDP
Dominica Syria
2024 -2.28% -
2023 -4.66% -
2022 -7.49% -
2021 -8.61% -
2020 -7.91% -
2019 -7.95% -
2018 -18.1% -
2017 -3.37% -
2016 11% -
2015 11.8% -
2014 -5.65% -
2013 -2.95% -
2012 -5.48% -
2011 -4.34% -
2010 -3.41% -7.79%
2009 -0.31% -2.89%
2008 0.72% -2.86%
2007 1.88% -2.99%
2006 3.04% -1.12%
2005 0.98% -4.41%
2004 -0.67% -4.18%
2003 0.88% -2.7%
2002 -4.13% -2.02%
2001 -6.48% 2.3%
2000 -8.75% -1.36%
1999 -9.2% -1.47%
1998 -6.08% -2.81%
1997 -2.31% -1.78%
1996 -1.62% -2.83%
1995 -2.97% -3.81%
1994 -3.42% -6%
1993 -1.46% -4.96%
1992 -2.28% -7.26%
1991 -3.08% -6.57%
1990 -4.87% -3.92%

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

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

In 2010, Dominica's government deficit, the difference between spending and revenue, was $17.7M, equivalent to 3.41% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, Dominica recorded a fiscal deficit in 16 of those years, while Syria ran a deficit in 20 years. On average, Dominica posted an annual deficit equal to 2.55% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
Dominica

Syria
1x
Year Consumer prices inflation
Dominica Syria
2024 2.57% -
2023 5.09% -
2022 2.88% -
2021 2.23% -
2020 1.22% -
2019 1.5% 13.4%
2018 0.99% 0.94%
2017 0.3% 18.1%
2016 0.14% 47.7%
2015 -0.84% 38.5%
2014 0.8% 10.9%
2013 -0.05% 40%
2012 1.36% 36.7%
2011 1.13% 4.75%
2010 3% 4.4%
2009 0.006% 2.92%
2008 6.36% 15.7%
2007 3.63% 3.91%
2006 2.2% 10%
2005 1.68% 7.24%
2004 2.39% 4.43%
2003 1.45% 5.8%
2002 0.17% -0.13%
2001 1.3% 3%
2000 0.86% -3.85%
1999 1.18% -3.7%
1998 1% -0.8%
1997 2.44% 1.89%

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

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

Over the past 23 years, Dominica has recorded an average annual inflation rate of 1.43%, compared with 11.4% in Syria. In 2019, inflation was 2.57% in Dominica and 13.4% in Syria.

Balance of trade

Dominica Syria
Current account balance
-$160M
2024
-$367M
2010
Current account balance ranking
94/190
2024
103/190
2010
Current account balance, % of GDP
-23.2%
2024
-0.6%
2010
Goods imports
$231M
2024
$15.9B
2010
Goods exports
$22M
2024
$12.3B
2010
Service imports
$157M
2024
$3.53B
2010
Service exports
$191M
2024
$7.33B
2010
Imports of goods and services, % of GDP n/a
28.8%
2022
Exports of goods and services, % of GDP
8.5%
2025
6.81%
2022

Economic freedom indices

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

Dominica Syria
Economic freedom 56.1 51.2
Economic freedom ranking 124/197 155/197
Property rights 65.8 4
Government integrity 61.2 3.6
Judicial effectiveness 77.3 3.7
Tax burden 76.1 87.3
Government spending 0 78.5
Fiscal health 45.6 13.8
Business freedom 66.2 33.8
Labor freedom 49.8 37.2
Monetary freedom 77.7 80
Trade freedom 53.2 47
Investment freedom 60 0
Financial freedom 40 20

Economic freedom comparison by year

Dominica
Syria
1x
Year Economic freedom index
Dominica Syria
2026 56.1 -
2025 55.3 -
2024 54 -
2023 59.7 -
2022 54.4 -
2021 53 -
2020 60.8 -
2019 63.6 -
2018 64.5 -
2017 63.7 -
2016 67 -
2015 66.1 -
2014 65.2 -
2013 63.9 -
2012 61.6 51.2
2011 63.3 51.3
2010 63.2 49.4
2009 62.6 51.3
2008 - 47.2
2007 - 48.3
2006 - 51.2
2005 - 46.3
2004 - 40.6
2003 - 41.3
2002 - 36.3
2001 - 36.6
2000 - 37.2
1999 - 39
1998 - 42.2
1997 - 43
1996 - 42.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Syria
Services, % of GDP
56.9%
2024
44.9%
2022
Industry, % of GDP
13.9%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
43.1%
2022
GNI, Atlas method
$677M
2024
$18.2B
2023
GNI per capita, PPP
$21,410
2024
$4,480
2023
Total reserves including gold
$156M
2024
$20.6B
2010
Total reserves ranking
172/177
2024
62/177
2010
Net foreign direct investment
-$36.4M
2024
-$1.47B
2010
Net inflows of foreign direct investment
$60M
2024
$0
2024
Net outflows of foreign direct investment
-$401K
2024
$0
2024
Servicing debt to the IMF, % of GNI
9.52%
2024
0.15%
2023
Poverty at national poverty lines
29%
2020
35.2%
2007
Gross capital formation, % of GDP n/a
16%
1969

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/syria | 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 (1996–2026, 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.