Dominica


Dominica Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Dominica; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 81.121 million (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 506 million (2010 estimate)
GDP (Purchasing Power Parity) 1.005 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-4.2% -5.1% 0.1% 3% 3.3% 4.8% 2.5% 7.8%
2009 2010 2011 2012*
-0.7% 0.3% 0.5% 1.5%

*Estimate

GDP per capita - current prices US$ 7,152 (2010 estimate)
GDP per capita - PPP $14,203 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

GDP - composition by sector
  • agriculture: 21.4% 
  • industry: 22.4% 
  • services: 56.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0%(2008) 3.2% 2.3% 2.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
64.6% 64.5% 69.3% 69.9% 70.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.7% -0.3% -3.5% -2.2% -2.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: B1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Dominica N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -130 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -25.6% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

32.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2011)(2007)

(Data were released in 2012)

Total exports US$41 million (2012 estimate) 
Export commodities bananas, soap, bay oil, vegetables, grapefruit, oranges
Total imports US$218.6 million (2012 estimate) 
Import commodities manufactured goods, machinery and equipment, food, chemicals
Exports - major partners Japan 45.8%, Antigua and Barbuda 8.2%, Jamaica 7.3%, Guyana 7%, Trinidad and Tobago 4.5% (2011)
Imports - major partners Japan 34.3%, US 15.7%, Trinidad and Tobago 14%, China 5.7%, Singapore 5.5% (2011)
FDI inflows
2009 2010 2011
US$41 million US$24 million(2009) US$25 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 68 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 46 out of 185 countries(2009)

Enforcing Contracts: 170 out of 185 countries

Registering Property: 119 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 32 out of 185 countries

Trading across border: 92 out of 185 countries

Paying Taxes: 74 out of 185 countries

Dealing with Construction Permits: 22 out of 185 countries

Getting Electricity: 61 out of 185 countries

Resolving Insolvency: 104 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 80 Score: 61.6 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-4
Total area 751 km2 (2006)
Capital Roseau (2009)
Currency East Caribbean dollars (XCD) (2009)
Government type parliamentary democracy (2009)
Languages English (official), French patois
Religions Roman Catholic 61.4%, Seventh Day Adventist 6%, Pentecostal 5.6%, Baptist 4.1%, Methodist 3.7%, Church of God 1.2%, Jehovah's Witnesses 1.2%, other Christian 7.7%, Rastafarian 1.3%, other or unspecified 1.6%, none 6.1% (2001 census)
Total population
1980 1990 2000 2012* 2017**
N/A 0.07 million 0.07 million 0.07 million 0.07 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
27.3% 63.4% 71.1% 67.2%
Population median age N/A
Population growth rate -0.1% (2011)
Life expectancy N/A
Adult literacy 0% (2005/2010)
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

164.02% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 51.31% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.8845 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2012)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE