Overview: The economy is dependent on agriculture and thus is highly vulnerable to climatic conditions. Agriculture accounts for about 30% of GDP and employs 40% of the labor force. Principal products include bananas, citrus, mangoes, root crops, and coconuts. Development of the tourist industry remains difficult because of the rugged coastline and the lack of an international airport.

National product: GDP - purchasing power equivalent - $185 million (1992 est.)

National product real growth rate: 2.6% (1992 est.)

National product per capita: $2,100 (1992 est.)

Inflation rate (consumer prices): 5.2% (1992 est.)

Unemployment rate: 15% (1992 est.)

Budget:
revenues: $70 million
expenditures: $84 million, including capital expenditures of $26 million (FY91 est.)

Exports: $54.6 million (1992)
commodities: bananas, soap, bay oil, vegetables, grapefruit, oranges
partners: UK 50%, CARICOM countries, Italy, US

Imports: $97.5 million (1992)
commodities: manufactured goods, machinery and equipment, food, chemicals
partners: US 25%, CARICOM, UK, Canada

External debt: $92.8 million (1992)

Industrial production: growth rate 4.2% (1992); accounts for 7% of GDP

Electricity:
capacity: 7,000 kW
production: 16 million kWh
consumption per capita: 185 kWh (1992)

Industries: soap, coconut oil, tourism, copra, furniture, cement blocks, shoes

Agriculture: accounts for 30% of GDP; principal crops - bananas, citrus, mangoes, root crops, coconuts; bananas provide the bulk of export earnings; forestry and fisheries potential not exploited

Illicit drugs: transshipment point for cocaine and marijuana bound for the US and Europe

Economic aid:
recipient: Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $120 million

Currency: 1 EC dollar (EC$) = 100 cents
Exchange rates: East Caribbean dollars (EC$) per US$1 - 2.70 (fixed rate since 1976)

Fiscal year: 1 July - 30 June

NOTE: The information regarding Dominica on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Dominica Economy 1995 information contained here. All suggestions for corrections of any errors about Dominica Economy 1995 should be addressed to the CIA.