Browse a full set of economic indicators

Dominica

Includes Dominica real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Dominica economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Dominica best banks and safest banks are also available.

Basic Information

Government Type: Parliamentary republic

Capital City: Roseau

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Eastern Caribbean Central Bank
Currency East Caribbean dollars (XCD)
International Reserves USD 0.19 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 0.5 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 0.7 billion (2018, estimate)

GDP Data

Real GDP growth 2007 6.4%
2008 7.1%
2009 -1.2%
2010 0.7%
2011 -0.2%
2012 -1.1%
2013 0.8%
2014 4.2%
2015 -3.7%
2016* 2.6%
2017* -5.4%
2018* -12%

*Estimate
GDP per capita – current prices USD 6,977.1 (2018, estimate)
GDP per capita – PPP Intl$ 9,886.1 (2018, estimate)
GDP (PPP) – share of world total 0.001% (2019, estimate)
GDP – composition by sector agriculture: 12.7%
industry: 12.1%
services: 55.1%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 -0.9%
2016* 0%
2017* 0.6%
2018* 1.4%
2019* 1.6%

*Estimate

Dominican Republic

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Inflation & Debt

Inflation 2015 -0.9%
2016* 0%
2017* 0.6%
2018* 1.4%
2019* 1.6%

*Estimate
Government Bond Ratings
Standard & Poor’s: N/A

Moody’: N/A

Standard & Poor’s / Moody’s
Unemployment rate 2015 N/A
2016* N/A
2017* N/A
2018* N/A
2019* N/A

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 75.3%
2016 75%
2017 75.5%
2018 74.1%
2019* 76.8%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 11.9%
2016 14.8%
2017 0.6%
2018 -12.9%
2019* -7.9%

*Estimate

Market value of publicly traded shares 2016 N/A
2017 N/A
2018 N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 47% (2018)

Shares in world total merchandising export 0.0001% (2018)

Shares in world total commercial services export 0.003% (2018)

Total exports USD 175.1 million (2018 estimate)

Export commodities Bananas, soap, bay oil, vegetables, grapefruit, oranges
Total imports USD 403.6 million (2018 estimate)
Import commodities Manufactured goods, machinery and equipment, food, chemicals
Exports – major partners Saudi Arabia 42.6%, Trinidad and Tobago 9.3%, Jamaica 8.1%, St. Kitts and Nevis 7.1%, Guyana 6.7% (2017)

Imports – major partners US 61.3%, Trinidad and Tobago 9.8% (2017)

Competitiveness & Trade

Current account balance USD -0.2 billion (2018 estimate)
Current account balance by percentage of GDP -43.4 % (2018 estimate)
FDI inflows 2016 – USD 41 million
2017 – USD -2.1 million
2018 – USD -37 million
FDI Outflows 2016 USD 0.0 million
2017 USD 0.0 million
2018 USD 0.0 million
Value of cross-border M&A, by country of purchaser 2012 N/A
2013 N/A
2014 N/A
2015 N/A
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

111 out of 190 countries

​Subcategories:
Starting a Business: 71 out of 190 countries
Dealing with Construction Permits: 83 out of 190 countries
Getting Electricity: 57 out of 190 countries
Registering Property: 179 out of 190 countries
Getting Credit: 152 out of 190 countries
Protecting Minority Investors: 79 out of 190 countries
Paying Taxes: 83 out of 190 countries
Trading across Borders: 91 out of 190 countries
Enforcing Contracts: 95 out of 190 countries
Resolving Insolvency: 136 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom Ranking: 72 / Score: 63.6 (Moderately free)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 751 sq km


Total Population 1990 0.01 million
2000 0.07 million
2010 0.07 million
20165 0.07 million
2020* 0.07 million
Urban population as % of total population 1960 37.8%
1980 46.8%
2000 65.3%
2018 70.5%
Population median age 34 years


CIA World Factbook / Population median age
Population growth rate 0.17% (2018 estimate)
Life expectancy 77.4 years (2018 estimate)
% of population living on less than $3.10 a day N/A
Inequality of wealth distribution (Gini index) N/A
Freedom House rating Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 3.7% Mobile: 105.8% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 69.62 % (2017)

Language & Religon

Languages English (official), French patois
Literacy N/A
Religions Roman Catholic 61.4%, Protestant 28.6% (includes Evangelical 6.7%, Seventh Day Adventist 6.1%, Pentecostal 5.6%, Baptist 4.1%, Methodist 3.7%, Church of God 1.2%, other 1.2%), Rastafarian 1.3%, Jehovah’s Witness 1.2%, other 0.3%, none 6.1%, unspecified 1.

World Rankings

Population 0.07 million
Mercer Cost of living index N/A
C02 Emissions per capita 1.91 metric tons per capita (2014)

Global Finance Rankings & Awards: Dominica

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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