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
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