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):
$812 million (2016 est.) $799.6 million (2015 est.) $814 million (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 206
[see also: GDP country ranks ]

GDP (official exchange rate):
$524 million (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.5% (2016 est.) -1.8% (2015 est.) 4.2% (2014 est.)
country comparison to the world: 161
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$11,400 (2016 est.) $11,300 (2015 est.) $11,500 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 132
[see also: GDP - per capita country ranks ]

Gross national saving:
4.7% of GDP (2016 est.) 7.4% of GDP (2015 est.) 4.4% of GDP (2014 est.)
country comparison to the world: 168
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 70.5%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 18.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 10.8%
[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: 28.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -28.7% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 14.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 15.5%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 69.8% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
bananas, citrus, mangos, root crops, coconuts, cocoa
note: forest and fishery potential not exploited

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

Industrial production growth rate:
1.6% (2016 est.)
country comparison to the world: 124
[see also: Industrial production growth rate country ranks ]

Labor force:
25,000 (2000 est.)
country comparison to the world: 208
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
23% (2000 est.)
country comparison to the world: 176
[see also: Unemployment rate country ranks ]

Population below poverty line:
29% (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $148.1 million
[see also: Budget revenues country ranks ]
expenditures: $148.1 million (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
28.3% of GDP (2016 est.)
country comparison to the world: 86
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
0% of GDP (2016 est.)
country comparison to the world: 28
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
70% of GDP (2012 est.) 78% of GDP (2009 est.)
country comparison to the world: 45
[see also: Public debt country ranks ]

Fiscal year:
1 July - 30 June

Inflation rate (consumer prices):
1.4% (2016 est.) -0.8% (2015 est.)
country comparison to the world: 89
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2010) 6.5% (31 December 2009)
country comparison to the world: 51
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
8.6% (31 December 2016 est.) 8.7% (31 December 2015 est.)
country comparison to the world: 99
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$114.6 million (31 December 2016 est.) $96.59 million (31 December 2015 est.)
country comparison to the world: 188
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$504.8 million (31 December 2016 est.) $480.7 million (31 December 2015 est.)
country comparison to the world: 183
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$296.3 million (31 December 2016 est.) $259.3 million (31 December 2015 est.)
country comparison to the world: 179
[see also: Stock of domestic credit country ranks ]

Current account balance:
-$69 million (2016 est.) -$48 million (2015 est.)
country comparison to the world: 66
[see also: Current account balance country ranks ]

Exports:
$38.3 million (2016 est.) $35.2 million (2015 est.)
country comparison to the world: 206
[see also: Exports country ranks ]

Exports - commodities:
bananas, soap, bay oil, vegetables, grapefruit, oranges

Exports - partners:
Japan 38.1%, Jamaica 19%, Antigua and Barbuda 10.4%, Trinidad and Tobago 6.2%, St. Lucia 4.8%, St. Kitts and Nevis 4.2% (2015)

Imports:
$186.5 million (2016 est.) $182.9 million (2015 est.)
country comparison to the world: 208
[see also: Imports country ranks ]

Imports - commodities:
manufactured goods, machinery and equipment, food, chemicals

Imports - partners:
Japan 42%, Trinidad and Tobago 17%, US 11.9%, China 6% (2015)

Reserves of foreign exchange and gold:
$100 million (31 December 2016 est.) $126.2 million (31 December 2015 est.)
country comparison to the world: 165
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$288.6 million (31 December 2016 est.) $275.4 million (31 December 2015 est.)
country comparison to the world: 186
[see also: Debt - external country ranks ]

Exchange rates:
East Caribbean dollars (XCD) per US dollar - 2.7 (2016 est.) 2.7 (2015 est.) 2.7 (2014 est.) 2.7 (2013 est.) 2.7 (2012 est.)