Economy - overview:
The Dominican economy has been dependent on agriculture - primarily bananas - in years past, but increasingly has been driven by tourism as the government seeks to promote Dominica as an "ecotourism" destination. Moreover, Dominica has an offshore medical education sector. In order to diversify the island's economy, the government is also attempting to foster an offshore financial industry and plans to sign agreements with the private sector to develop geothermal energy resources. In 2003, the government began a comprehensive restructuring of the economy - including the elimination of price controls, privatization of the state banana company, and tax increases - to address an economic and financial crisis and to meet IMF requirements. In 2009 and 2013, the economy contracted as a result of the global recession; growth remains anemic. Although public debt levels continue to exceed pre-recession levels, the debt burden declined from 78% of GDP in 2011 to approximately 70% in 2012.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita: Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
$851 million (2017 est.)
$818.8 million (2016 est.)
$797.7 million (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 206
$608 million (2016 est.)
[see also: GDP (official exchange rate) country ranks ]
3.9% (2017 est.)
2.6% (2016 est.)
-2.5% (2015 est.)
country comparison to the world: 77
[see also: GDP - real growth rate country ranks ]
$12,000 (2017 est.)
$11,500 (2016 est.)
$11,200 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 130
16.7% of GDP (2017 est.)
20.4% of GDP (2016 est.)
14.6% of GDP (2015 est.)
country comparison to the world: 111
[see also: Gross national saving country ranks ]
household consumption: 72.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 23%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 12.7%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 40.9%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -49.4% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
agriculture: 15.3%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 13.6%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 71.1% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
bananas, citrus, mangos, root crops, coconuts, cocoa
note: forest and fishery potential not exploited
soap, coconut oil, tourism, copra, furniture, cement blocks, shoes
3% (2017 est.)
country comparison to the world: 100
[see also: Industrial production growth rate country ranks ]
25,000 (2000 est.)
country comparison to the world: 209
[see also: Labor force country ranks ]
agriculture: 40%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 32%
[see also: Labor force - by occupation - industry country ranks ]
services: 28% (2002 est.)
[see also: Labor force - by occupation - services country ranks ]
23% (2000 est.)
country comparison to the world: 190
[see also: Unemployment rate country ranks ]
29% (2009 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
revenues: $148.1 million
[see also: Budget - revenues country ranks ]
expenditures: $148.1 million (2017 est.)
[see also: Budget - expenditures country ranks ]
24.4% of GDP (2017 est.)
country comparison to the world: 118
[see also: Taxes and other revenues country ranks ]
0% of GDP (2017 est.)
country comparison to the world: 32
[see also: Budget surplus (+) or deficit (-) country ranks ]
81% of GDP (2016 est.)
83% of GDP (2015 est.)
country comparison to the world: 38
[see also: Public debt country ranks ]
1 July - 30 June
0.6% (2017 est.)
0% (2016 est.)
country comparison to the world: 21
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010)
6.5% (31 December 2009)
country comparison to the world: 56
[see also: Central bank discount rate country ranks ]
8.1% (31 December 2017 est.)
8.33% (31 December 2016 est.)
country comparison to the world: 108
[see also: Commercial bank prime lending rate country ranks ]
$116.2 million (31 December 2017 est.)
$112 million (31 December 2016 est.)
country comparison to the world: 189
[see also: Stock of narrow money country ranks ]
$535.2 million (31 December 2017 est.)
$509.7 million (31 December 2016 est.)
country comparison to the world: 184
[see also: Stock of broad money country ranks ]
$222.2 million (31 December 2017 est.)
$195.9 million (31 December 2016 est.)
country comparison to the world: 183
[see also: Stock of domestic credit country ranks ]
-$38 million (2017 est.)
$5 million (2016 est.)
country comparison to the world: 67
[see also: Current account balance country ranks ]
$47.4 million (2017 est.)
$43.7 million (2016 est.)
country comparison to the world: 204
[see also: Exports country ranks ]
bananas, soap, bay oil, vegetables, grapefruit, oranges
Trinidad and Tobago 15.4%, Jamaica 13.3%, Saudi Arabia 13%, St. Kitts and Nevis 11.8%, Guyana 9.3%, Barbados 5.1%, US 5.1%, Antigua and Barbuda 4.5%, Egypt 4.1% (2016)
$198 million (2017 est.)
$186.4 million (2016 est.)
country comparison to the world: 203
[see also: Imports country ranks ]
manufactured goods, machinery and equipment, food, chemicals
US 23.4%, Trinidad and Tobago 18.1%, Italy 8.7%, UK 5.4% (2016)
$150 million (31 December 2017 est.)
$221.9 million (31 December 2016 est.)
country comparison to the world: 163
[see also: Reserves of foreign exchange and gold country ranks ]
$288.6 million (31 December 2016 est.)
$314.2 million (31 December 2015 est.)
country comparison to the world: 187
[see also: Debt - external country ranks ]
East Caribbean dollars (XCD) per US dollar -
2.7 (2017 est.)
2.7 (2016 est.)
2.7 (2015 est.)
2.7 (2014 est.)
2.7 (2013 est.)