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Economy of Dominica vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank

Dominica has a GDP of $724M compared to $25.9B for Trinidad and Tobago, ranking 190/197 and 122/197 by economy size, respectively.

Dominica has $743M in government debt (102.6% of GDP), compared to $21.8B (84.2% of GDP) in Trinidad and Tobago.

Dominica vs Trinidad and Tobago GDP by year

Dominica
Trinidad and Tobago
1x
Year GDP, current $
Dominica Trinidad
2025 $723,859,259 $25,942,749,718
2024 $688,881,481 $25,633,544,529
2023 $659,311,111 $25,036,993,423
2022 $623,062,963 $28,341,164,301
2021 $562,911,111 $24,222,963,263
2020 $528,944,444 $20,888,515,184
2019 $644,259,259 $23,477,745,792
2018 $628,244,444 $23,883,058,083
2017 $563,355,556 $23,830,750,901
2016 $612,711,111 $23,624,322,193
2015 $583,177,778 $26,841,141,793
2014 $572,255,556 $29,474,180,005
2013 $545,325,926 $28,560,537,057
2012 $520,355,556 $27,147,349,937
2011 $532,081,481 $25,433,007,437
2010 $519,859,259 $22,157,920,592
2009 $515,618,519 $19,172,165,226
2008 $480,003,704 $27,871,587,350
2007 $444,685,185 $21,641,620,050
2006 $416,674,074 $18,369,361,094
2005 $391,455,556 $15,982,389,018
2004 $396,711,111 $13,280,291,990
2003 $373,318,519 $11,305,459,802
2002 $375,200,000 $9,008,298,229
2001 $377,462,963 $8,824,849,191
2000 $333,470,370 $8,154,342,116
1999 $331,759,259 $6,808,982,521
1998 $322,411,111 $6,043,686,654
1997 $302,988,889 $5,737,771,523
1996 $292,285,185 $5,759,570,336
1995 $274,522,222 $5,329,217,747
1994 $264,374,074 $4,947,181,646
1993 $245,525,926 $4,669,491,134
1992 $234,059,259 $5,439,552,941
1991 $219,762,963 $5,307,905,882
1990 $201,429,630 $5,068,000,000
1989 $185,137,243 $4,323,058,824
1988 $171,106,184 $4,496,910,569
1987 $151,868,754 $4,797,777,778
1986 $135,161,959 $4,794,444,444
1985 $119,491,933 $7,375,918,367
1984 $109,157,071 $7,757,083,333
1983 $98,665,191 $7,763,750,000
1982 $89,527,577 $8,140,416,667
1981 $82,107,391 $6,992,083,333
1980 $72,804,653 $6,235,833,333
1979 $55,017,759 $4,602,416,625
1978 $57,130,216 $3,562,333,458
1977 $45,872,947 $3,138,666,667
1976 - $2,500,424,955
1975 - $2,442,669,825
1974 - $2,042,001,071
1973 - $1,308,785,431
1972 - $1,083,391,758
1971 - $896,765,215
1970 - $821,850,000
1969 - $779,200,000
1968 - $758,899,950
1967 - $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

GDP per capita in Dominica vs Trinidad and Tobago by year

Dominica
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Dominica Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,989 - $18,967 -
2024 $10,405 $21,301 $18,733 $36,329
2023 $9,913 $20,286 $18,308 $34,623
2022 $9,324 $18,802 $20,751 $32,979
2021 $8,376 $15,809 $17,713 $30,482
2020 $7,828 $14,244 $15,284 $26,731
2019 $9,491 $16,021 $17,213 $29,316
2018 $9,215 $15,070 $17,571 $28,673
2017 $8,225 $12,696 $17,566 $28,484
2016 $8,803 $12,945 $17,449 $28,232
2015 $8,283 $12,093 $19,887 $29,825
2014 $8,132 $12,083 $21,908 $32,027
2013 $7,822 $11,286 $21,305 $31,746
2012 $7,529 $10,921 $20,332 $31,883
2011 $7,705 $11,123 $19,151 $31,078
2010 $7,550 $10,924 $16,815 $30,778
2009 $7,487 $10,804 $14,634 $29,602
2008 $6,971 $10,862 $21,299 $30,807
2007 $6,459 $9,949 $16,607 $29,355
2006 $6,056 $9,200 $14,153 $27,393
2005 $5,695 $8,557 $12,346 $23,536
2004 $5,779 $8,232 $9,871 $20,674
2003 $5,447 $7,714 $8,445 $18,743
2002 $5,488 $7,167 $6,763 $16,141
2001 $5,528 $7,291 $6,657 $14,797
2000 $4,867 $7,111 $6,179 $13,953
1999 $4,817 $6,759 $5,179 $12,812
1998 $4,664 $6,617 $4,613 $11,735
1997 $4,372 $6,290 $4,394 $10,769
1996 $4,211 $6,041 $4,427 $9,883
1995 $3,952 $5,749 $4,115 $9,099
1994 $3,805 $5,465 $3,840 $8,631
1993 $3,536 $5,352 $3,647 $8,209
1992 $3,376 $5,125 $4,277 $8,129
1991 $3,171 $4,914 $4,205 $7,274
1990 $2,893 $4,667 $4,047 $6,878
1989 $2,639 - $3,482 -
1988 $2,423 - $3,656 -
1987 $2,138 - $3,941 -
1986 $1,893 - $3,985 -
1985 $1,666 - $6,212 -
1984 $1,515 - $6,613 -
1983 $1,363 - $6,690 -
1982 $1,232 - $7,091 -
1981 $1,125 - $6,160 -
1980 $996 - $5,559 -
1979 $754 - $4,155 -
1978 $786 - $3,258 -
1977 $634 - $2,907 -
1976 - - $2,345 -
1975 - - $2,319 -
1974 - - $1,962 -
1973 - - $1,273 -
1972 - - $1,067 -
1971 - - $894 -
1970 - - $829 -
1969 - - $795 -
1968 - - $783 -
1967 - - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

Dominica's GDP per capita is $10,989, ranking 84/197, compared to $18,967 in Trinidad and Tobago, ranking 65/197. Adjusted for purchasing power (GDP per capita PPP), Dominica ranks 91st at $21,301, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Dominica Trinidad
Gross domestic product
$724M
2025
$25.9B
2025
GDP rank
190/197
2025
122/197
2025
GDP growth
3.05%
2024-2025
-0.79%
2024-2025
GDP per capita
$10,989
2025
$18,967
2025
GDP per capita rank
84/197
2025
65/197
2025
GDP per capita, PPP
$21,301
2024
$36,329
2024
GDP per capita PPP rank
91/197
2024
62/197
2024
Government debt
$743M
2025
$21.8B
2025
Debt-to-GDP ratio
102.6%
2025
84.2%
2025
Government debt per person
$11,275
2025
$15,965
2025
Government debt per person rank
54/185
2025
43/185
2025
Average annual personal income after taxes
$6,105
2026
$10,176
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10% n/a
29.9%
1992
Income share by poorest 10% n/a
2.1%
1992
Government expenditure, % of GDP
55.4%
2025
32.4%
2025
Consumer prices inflation
2.53%
2024-2025
0.99%
2024-2025
Central bank interest rate n/a
3.5%
2020
Unemployment rate
11%
2001
4.01%
2024
Population
65501
1370916

Spending and national debt comparison by year

Dominica
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Dominica Trinidad
Government spending Government debt Government spending Government debt
2025 55.4% 102.6% 32.4% 84.2%
2024 67.4% 108.2% 32.2% 81.8%
2023 64.8% 101.3% 32.4% 78.2%
2022 69.7% 110% 28.3% 69.9%
2021 67% 116.3% 31.4% 80.2%
2020 66.8% 118.4% 35.1% 81.6%
2019 48.3% 97.8% 31% 62.9%
2018 63.4% 85.7% 30.2% 58.1%
2017 54% 84.2% 30.9% 57.2%
2016 48% 76.9% 31.2% 53.3%
2015 32.4% 68.2% 34.1% 43.2%
2014 32.7% 71.3% 33% 37.1%
2013 33.4% 73.9% 31.7% 32.9%
2012 36.2% 73.1% 29.9% 32.9%
2011 35.2% 69.7% 30.4% 39.2%
2010 39.4% 66.8% 31.5% 28.9%
2009 35.9% 62.5% 33.4% 34.2%
2008 34.7% 64.4% 28.2% 24.6%
2007 34.1% 71.8% 26.8% 29.4%
2006 29.7% 77.4% 34.6% 32.7%
2005 31% 82% 29.5% 36.6%
2004 30.2% 86.2% 23.3% 43.3%
2003 30.1% 94.9% 23.5% 52.4%
2002 28.6% 97.9% 24.6% 58.2%
2001 29.6% 98.5% 25.2% 54.2%
2000 38.5% 68.9% 24.1% 52.3%
1999 35.2% 61.8% 24.8% 55.2%
1998 33% 56.3% 27.3% 47.4%
1997 28.2% 47.7% 27.4% 51.3%
1996 28.5% 53.7% 28.2% 51.9%
1995 28.8% 57.4% 26.7% 57.3%
1994 27.2% 55.9% 26.5% 64.8%
1993 25.2% 53.4% 27.3% 59.6%
1992 27.4% 54% 28.8% 49.5%
1991 29% 56.9% 30% 50%
1990 31.5% 54.1% 27.9% 49.5%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

In 2025, Dominica's government spending was $401M, accounting for 55.4% of its GDP, while Trinidad and Tobago spent $8.39B, or 32.4% of GDP.

Debt-to-GDP ratio is 102.6% in Dominica and 84.2% in Trinidad and Tobago, ranking 20/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Dominica

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Dominica Trinidad
2025 -1.35% -5.46%
2024 -6.75% -5.92%
2023 -4.52% -1.2%
2022 -7.18% 0.96%
2021 -8.22% -8.39%
2020 -7.53% -11.8%
2019 -8.72% -3.72%
2018 -17.2% -5.89%
2017 -3.27% -10.5%
2016 11.6% -9.84%
2015 11.4% -7.37%
2014 -5.54% -4.34%
2013 -2.88% -2.7%
2012 -5.41% -1.28%
2011 -4.4% -0.69%
2010 -3.38% 0.14%
2009 -0.31% -4.88%
2008 0.7% 5.7%
2007 1.8% 3.24%
2006 2.93% -0.3%
2005 0.95% 0.84%
2004 -0.67% 1.91%
2003 0.85% 1.9%
2002 -4.07% -0.2%
2001 -6.54% 0.62%
2000 -8.66% 0.18%
1999 -9.18% -0.9%
1998 -5.99% -1.83%
1997 -2.24% 0.11%
1996 -1.59% -0.46%
1995 -2.88% 0.17%
1994 -3.35% -0.02%
1993 -1.41% 0.24%
1992 -2.22% -2.76%
1991 -2.99% -0.21%
1990 -4.66% -1.32%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

In 2025, Dominica's government deficit, the difference between spending and revenue, was $9.76M, equivalent to 1.35% of GDP. This compares to Trinidad and Tobago's deficit of $1.42B, or 5.46% of GDP.

Over the past 36 years, Dominica recorded a fiscal deficit in 29 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, Dominica posted an annual deficit equal to 3.14% of GDP, compared to deficit of 2.11% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Dominica

Trinidad and Tobago
1x
Year Consumer prices inflation
Dominica Trinidad
2025 2.53% 0.99%
2024 2.74% 0.53%
2023 5.09% 4.63%
2022 2.88% 5.83%
2021 2.23% 2.06%
2020 1.22% 0.6%
2019 1.5% 1%
2018 0.99% 1.02%
2017 0.3% 1.88%
2016 0.14% 3.07%
2015 -0.84% 4.66%
2014 0.8% 5.68%
2013 -0.05% 5.2%
2012 1.36% 9.26%
2011 1.13% 5.11%
2010 3% 10.5%
2009 0.006% 6.98%
2008 6.36% 12%
2007 3.63% 7.89%
2006 2.2% 8.33%
2005 1.68% 6.87%
2004 2.39% 3.72%
2003 1.45% 3.81%
2002 0.17% 4.15%
2001 1.3% 5.54%
2000 0.86% 3.56%
1999 1.18% 3.44%
1998 1% 5.61%
1997 2.44% 3.63%

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

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

Over the past 29 years, Dominica has recorded an average annual inflation rate of 1.71%, compared with 4.75% in Trinidad and Tobago. In 2025, inflation was 2.53% in Dominica and 0.99% in Trinidad and Tobago.

Top exports between countries

Dominica
Export category Export value
Chemicals & pharma $303K
Metals $129K
Machinery & equipment $104K
Wood & paper products $23K
Raw materials & minerals $19K
Textiles & consumer goods $5K
Trinidad
Export category Export value
Raw materials & minerals $17.6M
Processed food, beverages & tobacco $10.1M
Chemicals & pharma $2.39M
Wood & paper products $1.58M
Textiles & consumer goods $1.18M
Metals $1.06M
Machinery & equipment $400K
Raw agricultural goods $276K
Animal & marine products $52K
Weapons & explosives $38K

Balance of trade

Dominica Trinidad
Current account balance
-$275M
2025
$1.25B
2025
Current account balance ranking
94/190
2025
48/190
2025
Current account balance, % of GDP
-38%
2025
+4.81%
2025
Goods imports
$275M
2025
$6.83B
2025
Goods exports
$29.8M
2025
$10.2B
2025
Service imports
$208M
2025
$2.8B
2025
Service exports
$181M
2025
$1.27B
2025
Exports of goods and services, % of GDP
8.5%
2026
45%
2026

Economic freedom indices

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

Dominica Trinidad
Economic freedom 56.1 62.4
Economic freedom ranking 124/197 87/197
Property rights 65.8 47.3
Government integrity 61.2 45.5
Judicial effectiveness 77.3 58.8
Tax burden 76.1 76.1
Government spending 0 71.1
Fiscal health 45.6 86.3
Business freedom 66.2 67.1
Labor freedom 49.8 57.2
Monetary freedom 77.7 81
Trade freedom 53.2 68.8
Investment freedom 60 50
Financial freedom 40 40

Economic freedom comparison by year

Dominica
Trinidad and Tobago
1x
Year Economic freedom index
Dominica Trinidad
2026 56.1 62.4
2025 55.3 63.6
2024 54 60.4
2023 59.7 59.5
2022 54.4 58.8
2021 53 59
2020 60.8 58.3
2019 63.6 57
2018 64.5 57.7
2017 63.7 61.2
2016 67 62.9
2015 66.1 64.1
2014 65.2 62.7
2013 63.9 62.3
2012 61.6 64.4
2011 63.3 66.5
2010 63.2 65.7
2009 62.6 68
2008 - 69.5
2007 - 70.6
2006 - 70.4
2005 - 71.5
2004 - 71.3
2003 - 68.8
2002 - 70.1
2001 - 71.8
2000 - 74.5
1999 - 72.4
1998 - 72
1997 - 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/dominica/trinidad-and-tobago | CC BY

The Economic Freedom Index for Dominica is 56.1, ranking 124/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Dominica Trinidad
Services, % of GDP
57.2%
2025
59.2%
2024
Industry, % of GDP
14.1%
2025
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
12.1%
2025
0.78%
2024
GNI, Atlas method
$704M
2025
$25.4B
2025
GNI per capita, PPP
$22,130
2025
$36,080
2025
Total reserves including gold
$165M
2025
$5.6B
2024
Total reserves ranking
172/177
2025
99/177
2024
Net foreign direct investment
-$49.5M
2025
$404M
2025
Net inflows of foreign direct investment
$60M
2024
-$453M
2024
Net outflows of foreign direct investment
-$401K
2024
$527M
2024
Servicing debt to the IMF, % of GNI
9.81%
2024
n/a
Poverty at national poverty lines
29%
2020
20%
2020
Gross capital formation, % of GDP n/a
19%
2023

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/trinidad-and-tobago | 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 (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, 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.