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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.
Despite hurricane damage, average economic growth in the Caribbean is expected to top the Latin American average according to the IMF. However, Dominica's GDP is expected to decline and weak growth is likely in Puerto Rico and the U.S. Virgin Islands where pre-existing macroeconomic weaknesses were compounded by storm damage.
USD 0.19 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 6.4% | 7.1% | -1.2% | 0.7% | -0.2% | -1.1% | 0.8% |
| 2014 | 2015 | 2016* | 2017* | 2018* | ||
| 4.2% | -3.7% | 2.6% | -5.4% | -12% |
*Estimate
(2018 estimate)
| 2015 |
2016* |
2017* | 2018* | 2019* |
| -0.9% | 0% | 0.6% | 1.4% | 1.6% |
*Estimate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
| 2015 | 2016 | 2017 | 2018 | 2019* |
| 75.3% | 75% | 75.5% | 74.1% | 76.8% |
*Estimate
| 2015 | 2016 | 2017 | 2018 | 2019* |
| 11.9% | 14.8% | 0.6% | -12.9% | -7.9% |
*Estimate
Standard & Poor's: N/A
Moody': N/A
Standard & Poor's / Moody's
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
-43.4 % (2018 estimate)
47% (2018)
0.0001% (2018)
0.003% (2018)
Bananas, soap, bay oil, vegetables, grapefruit, oranges
Manufactured goods, machinery and equipment, food, chemicals
Saudi Arabia 42.6%, Trinidad and Tobago 9.3%, Jamaica 8.1%, St. Kitts and Nevis 7.1%, Guyana 6.7% (2017)
US 61.3%, Trinidad and Tobago 9.8% (2017)
| 2016 | 2017 | 2018 |
| USD 41 million | USD -2.1 million | USD -37 million |
| 2016 | 2017 | 2018 |
| USD 0.0 million | USD 0.0 million | USD 0.0 million |
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
N/A
N/A
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
Ranking: 72 / Score: 63.6 (Moderately free)
(100=totally free 0=totally repressed)
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.
| 1990 | 2000 | 2010 | 20165 | 2020* |
| 0.01 million | 0.07 million | 0.07 million | 0.07 million | 0.07 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 37.8% | 46.8% | 65.3% | 70.5% |
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 3.7% Mobile: 105.8% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)