Countries
Dominica
Key Economic Indicators
$1.41 billion
$21,301
2.05%
2.57%
$688.881 million (2024 est.)
71.7% of GDP (2016 est.)
$-160,119,800
Economic Overview
highly agrarian OECS island economy; ECCU-member state; large banana exporter; improved oversight of its citizenship-by-investment program; emerging ecotourism, information and communications, and education industries
All Economic Data
Agricultural products
taro, grapefruits, yams, bananas, coconuts, plantains, milk, yautia, sugarcane, oranges (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$164.673 million (2017 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$233.831 million (2017 est.)
Currency
code:
XCD
name:
Eastern Caribbean dollar (XCD) [$]
Current account balance
$-160,119,800
Current account balance 2022:
-$163.746 million (2022 est.)
Current account balance 2023:
-$223.632 million (2023 est.)
Current account balance 2024:
-$160.12 million (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$569.53 million
Debt - external 2023:
$301.191 million (2023 est.)
Note:
<strong>note:</strong> present value of external debt in current US dollars
Exchange rates
Currency:
East Caribbean dollars (XCD) per US dollar -
Exchange rates 2020:
2.7 (2020 est.)
Exchange rates 2021:
2.7 (2021 est.)
Exchange rates 2022:
2.7 (2022 est.)
Exchange rates 2023:
2.7 (2023 est.)
Exchange rates 2024:
2.7 (2024 est.)
Exports
Exports 2022:
$173.93 million (2022 est.)
Exports 2023:
$188.818 million (2023 est.)
Exports 2024:
$212.753 million (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
iron blocks, medical instruments, excavation machinery, power equipment, soap (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Bahamas, The 13%, Saudi Arabia 11%, Iceland 10%, Guyana 7%, Antigua & Barbuda 7% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$59.96 million
GDP - composition, by end use
Exports of goods and services:
29.2% (2018 est.)
Government consumption:
27.4% (2018 est.)
Household consumption:
87.7% (2018 est.)
Imports of goods and services:
-77.8% (2018 est.)
Investment in fixed capital:
32.7% (2018 est.)
Investment in inventories:
0% (2018 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
12.2% (2024 est.)
Industry:
13.9% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
56.9% (2024 est.)
GDP (official exchange rate)
$688.881 million (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$10,405
GNI (gross national income)
$692.43 million
GNI per capita
$10,230
Imports
Imports 2022:
$354.27 million (2022 est.)
Imports 2023:
$417.164 million (2023 est.)
Imports 2024:
$387.532 million (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, ships, plastic products, semi-finished iron, cars (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 24%, China 11%, Indonesia 8%, Trinidad & Tobago 7%, Italy 7% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
8.8% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
soap, coconut oil, tourism, copra, furniture, cement blocks, shoes
Inflation rate (consumer prices)
2.57%
Inflation rate (consumer prices) 2022:
2.9% (2022 est.)
Inflation rate (consumer prices) 2023:
5.1% (2023 est.)
Inflation rate (consumer prices) 2024:
2.6% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Public debt
Public debt 2016:
71.7% of GDP (2016 est.)
Real GDP (purchasing power parity)
$1.41 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$1.173 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$1.216 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$1.241 billion (2024 est.)
Real GDP growth rate
2.05%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
10.4% (2022 est.)
Real GDP growth rate 2023:
3.7% (2023 est.)
Real GDP growth rate 2024:
2.1% (2024 est.)
Real GDP per capita
$21,301
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$17,600 (2022 est.)
Real GDP per capita 2023:
$18,300 (2023 est.)
Real GDP per capita 2024:
$18,700 (2024 est.)
Remittances
$39.05 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
6.1% of GDP (2022 est.)
Remittances 2023:
5.2% of GDP (2023 est.)
Remittances 2024:
5.6% of GDP (2024 est.)
Reserves of foreign exchange and gold
$155.97 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$204.343 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$183.53 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$155.971 million (2024 est.)
World Bank Indicators
Currency
Dominican peso (DOP) $ (2025)
Gini Index
41.90 (2019)
Languages
Spanish (2025)
Economic Rankings
GDP Growth Rate
#17
GDP per Capita
#88
External Debt
#116
Inflation Rate
#161
Reserves
#170
Exports
#183
Imports
#184
GDP (Nominal)
#187
GDP (PPP)
#187
Quick Facts
Industries
soap, coconut oil, tourism, copra, furniture, cement blocks, shoes
Agricultural products
taro, grapefruits, yams, bananas, coconuts, plantains, milk, yautia, sugarcane, oranges (2023)
Exports - partners
Bahamas, The 13%, Saudi Arabia 11%, Iceland 10%, Guyana 7%, Antigua & Barbuda 7% (2023)
Imports - partners
USA 24%, China 11%, Indonesia 8%, Trinidad & Tobago 7%, Italy 7% (2023)
Exchange rates
East Caribbean dollars (XCD) per US dollar -
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