Skip to content

Economy of Dominica vs Taiwan compared: GDP & Debt

Updated on by Georank team

Dominica has a GDP of $689M compared to $802B for Taiwan, ranking 190/197 and 22/197 by economy size, respectively.

Dominica has $713M in government debt (103.5% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Dominica vs Taiwan GDP by year

Dominica
Taiwan
1x
Year GDP, current $
Dominica Taiwan
2024 $688,881,481 $801,529,000,000
2023 $659,311,111 $757,328,000,000
2022 $623,062,963 $765,529,000,000
2021 $562,911,111 $777,062,000,000
2020 $528,944,444 $676,935,000,000
2019 $644,259,259 $613,453,000,000
2018 $628,244,444 $610,744,000,000
2017 $563,355,556 $591,734,000,000
2016 $612,711,111 $543,002,000,000
2015 $583,177,778 $534,474,000,000
2014 $572,255,556 $535,332,000,000
2013 $545,325,926 $512,957,000,000
2012 $520,355,556 $495,536,000,000
2011 $532,081,481 $483,957,000,000
2010 $519,859,259 $444,245,000,000
2009 $515,618,519 $390,788,000,000
2008 $480,003,704 $415,824,000,000
2007 $444,685,185 $406,940,000,000
2006 $416,674,074 $386,492,000,000
2005 $391,455,556 $374,042,000,000
2004 $396,711,111 $346,881,000,000
2003 $373,318,519 $317,374,000,000
2002 $375,200,000 $307,429,000,000
2001 $377,462,963 $299,303,000,000
2000 $333,470,370 $330,725,000,000
1999 $331,759,259 $303,827,000,000
1998 $322,411,111 $279,926,000,000
1997 $302,988,889 $303,315,000,000
1996 $292,285,185 $292,473,000,000
1995 $274,522,222 $279,013,000,000
1994 $264,374,074 $256,213,000,000
1993 $245,525,926 $234,943,000,000
1992 $234,059,259 $222,947,000,000
1991 $219,762,963 $187,100,000,000
1990 $201,429,630 $166,392,000,000
1989 $185,137,243 $152,687,000,000
1988 $171,106,184 $126,378,000,000
1987 $151,868,754 $104,956,000,000
1986 $135,161,959 $78,347,000,000
1985 $119,491,933 $63,599,000,000
1984 $109,157,071 $61,036,000,000
1983 $98,665,191 $54,155,000,000
1982 $89,527,577 $49,540,000,000
1981 $82,107,391 $49,047,000,000
1980 $72,804,653 $42,292,000,000
1979 $55,017,759 $33,875,000,000
1978 $57,130,216 $27,373,000,000
1977 $45,872,947 $22,252,000,000
1976 - $18,988,000,000
1975 - $15,836,000,000
1974 - $14,739,000,000
1973 - $10,940,000,000
1972 - $8,063,000,000
1971 - $6,727,000,000
1970 - $5,785,000,000
1969 - $5,017,000,000
1968 - $4,325,000,000
1967 - $3,709,000,000
1966 - $3,207,000,000
1965 - $2,869,000,000
1964 - $2,592,000,000
1963 - $2,218,000,000
1962 - $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).

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

GDP per capita in Dominica vs Taiwan by year

Dominica
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,405 $21,301 $34,238 -
2023 $9,913 $20,286 $32,444 -
2022 $9,324 $18,802 $32,827 -
2021 $8,376 $15,809 $33,111 -
2020 $7,828 $14,244 $28,705 -
2019 $9,491 $16,021 $25,998 -
2018 $9,215 $15,070 $25,901 -
2017 $8,225 $12,696 $25,121 $50,500
2016 $8,803 $12,945 $23,091 -
2015 $8,283 $12,093 $22,780 $46,800
2014 $8,132 $12,083 $22,874 -
2013 $7,822 $11,286 $21,973 $39,600
2012 $7,529 $10,921 $21,295 $39,400
2011 $7,705 $11,123 $20,866 $38,200
2010 $7,550 $10,924 $19,197 $35,700
2009 $7,487 $10,804 $16,933 $32,000
2008 $6,971 $10,862 $18,081 $31,100
2007 $6,459 $9,949 $17,757 $30,100
2006 $6,056 $9,200 $16,934 $29,500
2005 $5,695 $8,557 $16,456 $27,500
2004 $5,779 $8,232 $15,317 $25,300
2003 $5,447 $7,714 $14,066 $23,400
2002 $5,488 $7,167 $13,686 $18,000
2001 $5,528 $7,291 $13,397 $17,200
2000 $4,867 $7,111 $14,908 $17,400
1999 $4,817 $6,759 $13,804 $16,100
1998 $4,664 $6,617 $12,820 -
1997 $4,372 $6,290 $14,020 -
1996 $4,211 $6,041 $13,641 -
1995 $3,952 $5,749 $13,119 -
1994 $3,805 $5,465 $12,150 -
1993 $3,536 $5,352 $11,242 -
1992 $3,376 $5,125 $10,768 -
1991 $3,171 $4,914 $9,125 -
1990 $2,893 $4,667 $8,205 -
1989 $2,639 - $7,613 -
1988 $2,423 - $6,370 -
1987 $2,138 - $5,350 -
1986 $1,893 - $4,036 -
1985 $1,666 - $3,314 -
1984 $1,515 - $3,224 -
1983 $1,363 - $2,903 -
1982 $1,232 - $2,699 -
1981 $1,125 - $2,720 -
1980 $996 - $2,389 -
1979 $754 - $1,950 -
1978 $786 - $1,606 -
1977 $634 - $1,330 -
1976 - - $1,158 -
1975 - - $985 -
1974 - - $934 -
1973 - - $706 -
1972 - - $530 -
1971 - - $451 -
1970 - - $397 -
1969 - - $357 -
1968 - - $319 -
1967 - - $280.8 -
1966 - - $249.1 -
1965 - - $229.3 -
1964 - - $213.6 -
1963 - - $188.6 -
1962 - - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Dominica's GDP per capita is $10,405, ranking 84/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Taiwan ranks 44th at $50,500.

Economic indicators

Dominica Taiwan
Gross domestic product
$689M
2024
$802B
2024
GDP rank
190/197
2024
22/197
2024
GDP growth
2.05%
2023-2024
2.3%
2023-2024
GDP per capita
$10,405
2024
$34,238
2024
GDP per capita rank
84/197
2024
35/197
2024
GDP per capita, PPP
$21,301
2024
$50,500
2017
GDP per capita PPP rank
91/197
2024
44/197
2017
Government debt
$713M
2024
$211B
2024
Debt-to-GDP ratio
103.5%
2024
26.3%
2024
Government debt per person
$10,765
2024
$9,020
2024
Government debt per person rank
55/185
2024
59/185
2024
Average annual personal income after taxes
$6,045
2026
$18,163
2026
Number of millionaires n/a
759,000
2025
Number of billionaires n/a
54
2025
Government expenditure, % of GDP
60.9%
2024
15.8%
2024
Consumer prices inflation
2.57%
2023-2024
2.2%
2023-2024
Central bank interest rate n/a
2%
2024
Unemployment rate
11%
2001
3.35%
2025
Population
65539
23229461

Spending and national debt comparison by year

Dominica
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Dominica Taiwan
Government spending Government debt Government spending Government debt
2024 60.9% 103.5% 15.8% 26.3%
2023 66.8% 103.2% 17.1% 29%
2022 72.7% 108.3% 16% 29.5%
2021 70.1% 113.6% 15.4% 30.1%
2020 70.1% 118.2% 16.2% 32%
2019 44% 89.1% 15.3% 32.6%
2018 66.7% 90% 15.4% 33.8%
2017 55.7% 86.7% 15.4% 34.5%
2016 45.8% 72.9% 15.6% 35.4%
2015 33.5% 71.1% 15.5% 35.9%
2014 33.3% 73.5% - 37.5%
2013 34.2% 75.6% - 38.9%
2012 36.6% 74% - 39.2%
2011 34.7% 68.6% 18.3% 38.3%
2010 39.7% 67.3% - 36.9%
2009 36.1% 62.8% - 36.7%
2008 35.9% 66.5% - 33.4%
2007 35.6% 74.9% - 32.2%
2006 30.9% 80.4% - 33.3%
2005 32.1% 84.9% - 34.1%
2004 30.1% 85.8% - 33.4%
2003 31.2% 98.2% - 32.1%
2002 29% 99.4% - 29.8%
2001 29.3% 97.5% 22.5% 30.1%
2000 38.9% 69.6% - 26.2%
1999 35.3% 62% - 23.7%
1998 33.5% 57.1% - 23.7%
1997 29.1% 49.3% - 25%
1996 29% 54.7% - -
1995 29.7% 59.3% - -
1994 27.7% 57% - -
1993 26.1% 55.4% - -
1992 28% 55.3% - -
1991 29.9% 58.7% 25.4% -
1990 32.9% 56.6% - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

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

In 2024, Dominica's government spending was $420M, accounting for 60.9% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 103.5% in Dominica and 26.3% in Taiwan, ranking 20/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Taiwan
1x
Year Deficit/surplus, % of GDP
Dominica Taiwan
2024 -2.28% 0.43%
2023 -4.66% -0.61%
2022 -7.49% 0.17%
2021 -8.61% -0.18%
2020 -7.91% -1.03%
2019 -7.95% 0.11%
2018 -18.1% 0.02%
2017 -3.37% -0.14%
2016 11% -0.31%
2015 11.8% 0.1%
2014 -5.65% -
2013 -2.95% -
2012 -5.48% -
2011 -4.34% -2.15%
2010 -3.41% -
2009 -0.31% -
2008 0.72% -
2007 1.88% -
2006 3.04% -
2005 0.98% -
2004 -0.67% -
2003 0.88% -
2002 -4.13% -
2001 -6.48% -3.71%
2000 -8.75% -
1999 -9.2% -
1998 -6.08% -
1997 -2.31% -
1996 -1.62% -
1995 -2.97% -
1994 -3.42% -
1993 -1.46% -
1992 -2.28% -
1991 -3.08% -4.5%
1990 -4.87% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/dominica/taiwan | 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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 35 years, Dominica recorded a fiscal deficit in 28 of those years, while Taiwan ran a deficit in 8 years. On average, Dominica posted an annual deficit equal to 3.13% of GDP, compared to deficit of 0.91% of GDP for Taiwan.

Inflation comparison by year

Inflation
Dominica

Taiwan
1x
Year Consumer prices inflation
Dominica Taiwan
2024 2.57% 2.2%
2023 5.09% 2.5%
2022 2.88% 2.9%
2021 2.23% 2%
2020 1.22% -0.2%
2019 1.5% 0.6%
2018 0.99% 1.4%
2017 0.3% 0.6%
2016 0.14% 1.4%
2015 -0.84% -0.3%
2014 0.8% 1.2%
2013 -0.05% 0.8%
2012 1.36% 1.9%
2011 1.13% 1.4%
2010 3% 1%
2009 0.006% -0.9%
2008 6.36% 3.5%
2007 3.63% 1.8%
2006 2.2% 0.6%
2005 1.68% 2.3%
2004 2.39% 1.6%
2003 1.45% -0.3%
2002 0.17% -0.2%
2001 1.3% 0%
2000 0.86% 1.2%
1999 1.18% 0.2%
1998 1% 1.7%
1997 2.44% 0.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Dominica has recorded an average annual inflation rate of 1.68%, compared with 1.14% in Taiwan. In 2024, inflation was 2.57% in Dominica and 2.2% in Taiwan.

Balance of trade

Dominica Taiwan
Current account balance
-$160M
2024
$113B
2024
Current account balance ranking
94/190
2024
4/190
2024
Current account balance, % of GDP
-23.2%
2024
+14.1%
2024
Goods imports
$231M
2024
n/a
Goods exports
$22M
2024
n/a
Service imports
$157M
2024
n/a
Service exports
$191M
2024
n/a
Imports of goods and services, % of GDP n/a
50.2%
2024
Exports of goods and services, % of GDP
8.5%
2025
63.3%
2024

Economic freedom indices

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

Dominica Taiwan
Economic freedom 56.1 79.8
Economic freedom ranking 124/197 6/197
Property rights 65.8 83.4
Government integrity 61.2 74.3
Judicial effectiveness 77.3 94.3
Tax burden 76.1 78.9
Government spending 0 90
Fiscal health 45.6 92.9
Business freedom 66.2 78.6
Labor freedom 49.8 69
Monetary freedom 77.7 80.3
Trade freedom 53.2 86
Investment freedom 60 70
Financial freedom 40 60

Economic freedom comparison by year

Dominica
Taiwan
1x
Year Economic freedom index
Dominica Taiwan
2026 56.1 79.8
2025 55.3 79.7
2024 54 80
2023 59.7 80.7
2022 54.4 80.1
2021 53 78.6
2020 60.8 77.1
2019 63.6 77.3
2018 64.5 76.6
2017 63.7 76.5
2016 67 74.7
2015 66.1 75.1
2014 65.2 73.9
2013 63.9 72.7
2012 61.6 71.9
2011 63.3 70.8
2010 63.2 70.4
2009 62.6 69.5
2008 - 70.3
2007 - 69.4
2006 - 69.7
2005 - 71.3
2004 - 69.6
2003 - 71.7
2002 - 71.3
2001 - 72.8
2000 - 72.5
1999 - 71.5
1998 - 70.4
1997 - 70
1996 - 74.1
1995 - 74.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Taiwan
Services, % of GDP
56.9%
2024
58.8%
2024
Industry, % of GDP
13.9%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
1.47%
2024
GNI, Atlas method
$677M
2024
$832B
2024
GNI per capita, PPP
$21,410
2024
n/a
Total reserves including gold
$156M
2024
n/a
Total reserves ranking
172/177
2024
n/a
Net foreign direct investment
-$36.4M
2024
n/a
Net inflows of foreign direct investment
$60M
2024
n/a
Net outflows of foreign direct investment
-$401K
2024
n/a
Servicing debt to the IMF, % of GNI
9.52%
2024
n/a
Poverty at national poverty lines
29%
2020
1.5%
2020
Gross capital formation, % of GDP n/a
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.