Economy of Dominica
Population: 0.07 M (2018)
GDP per Capita: 7,691 USD (2018)
550 M.

GDP USD

(2018)

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240 M.

EXPORTS USD

(2018)

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360 M.

IMPORTS USD

(2018)

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74.46 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.26 % (2018)
GDP of 2010 USD USD 0.50 B. (2018)
GDP Current USD USD 0.55 B. (2018)
GDP per Capita Current USD USD 7,691 (2018)
GDP per capita, PPP USD 9,876 (2018)
GDP per Capita, 2010 USD USD 6,694 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 74.46 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 104.49 (2018)
Trade Openness 108.02 % (2018)
Exports of Goods and Services % GDP 42.93 % (2018)
Exports Goods & Services USD 0.24 B. (2018)
Exports Annual Growth Dominica
Imports as % GDP 65.10 % (2018)
Total Imports USD 0.36 B. (2018)
Foreign Direct Investment % GDP 2.41 % (2018)
Foreign Direct Investment USD 0.04 B. (2016)
Current Account Balance % GDP USD -40.86 % (2018)
Current Account Balance USD -0.23 B. (2018)
Trade Balance % GDP -22.17 % (2018)
Trade Balance USD -0.27 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.19 B. (2018)
Remittances % GDP 8.43 % (2018)
Remittances USD 46 M. (2018)
Balance of Payments USD 11 M. (2015)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 11 M. (2015)
Labor Force (Percent Female) USD 11 M. (2015)
Female Labor Force Participation Rate USD 11 M. (2015)
Male Labor Force Participation Rate USD 11 M. (2015)
Dependent People

Agriculture Sector

Indicator Value
Forest Area 57.40 % (2016)
Forest Area km² 431 km² (2016)
Agricultural Land 33.33 % (2016)
Agricultural Land km² 250 km² (2016)
Employment
Value added % GDP 11.10 % (2018)
Agriculture Value added USD 0.06 B. (2018)
Crop Production Index 115.30 (2016)
Precipitation 2,083 mm (2014)
Arable Land 8 % (2016)
Cereal Yield 1,723 kg/hectare (2017)
Food production index 110 (2016)
Rural Population 30 % (2018)
Fertilizer use of Arable Land 88 kg/hectare (2016)
Livestock Production Index 104 (2016)
Economy of Dominica

According to the World Bank and its latest published data, the economy of the Dominica presents a growth rate of 2.26 % (2018) to the previous year.

With a population that reaches 0.07 M (2018) and a gross domestic product of USD 0.55 B. (2018), it translates a Gross Domestic Product per Capita of USD 7,691 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Dominica also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at .

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 74.46 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Dominica exported USD 0.24 B. (2018), which represents 42.93 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.36 B. (2018) with a direct foreign investment of USD 0.04 B. (2016).

Dominica has a forest area of 431 km² (2016), which represents 57.40 % (2016) of its total area, an average rainfall of 2,083 mm (2014) per year and a population of 30 % (2018) living in rural areas. With a total area of 250 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Dominica about USD 0.06 B. (2018) (11.10 % (2018) of its GDP).