Dominica: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Agriculture accounts for about 20% of GDP and employs 40% of labor force. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2012): and Turks and Caicos Islands |
| Top Industries Source: CIA World Factbook | Soap; Coconut Oil; Tourism; Copra |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $987,257,336 (2022) |
| GDP Growth Rate (annual %) | 5.939% (2022) |
| GDP Per Capita, PPP (current international) | $13,573 (2022) |
GDP Country Rank 189/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.517% (2021) |
| External debt stocks, total (DOD, current US$) | $377,964,174 (2021) |
| Total tax rate (% of commercial profits) | 32.6% (2019) |
| Real Interest Rate (5 year average %) | 2.393% (2022) |
| Manufacturing, value added (% of GDP) | 2.856% (2022) |
| Current Account Balance (BoP, current US$) | ($153,204,310) (2021) |
Labor and Employment [1]
| Labor Force, Total | 4,547,491 (2011) |
| Employment in Agriculture (% of total employment) | 12% (2010) |
| Employment in Industry (% of total employment) | 14.9% (2010) |
| Employment in Services (% of total employment) | 52.4% (2010) |
| Unemployment Rate | 12.4% (2010) |
Trade [1]
| Imports of goods and services (current US$) | $338,025,582 (2020) |
| Exports of goods and services (current US$) | $179,739,984 (2020) |
| Total Merchandise Trade (% of GDP) | 29.409% (2022) |
| FDI, net inflows (BoP, current US$) | $28,215,162 (2022) |
| Commercial Service Exports (current US$) | $100,926,713 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Dominica’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.