Includes historical data for Dominica’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economy Powered By Ecotourism And FDI
Spanning just 750 square kilometers, this Caribbean island nation boasts a year-round tropical climate, wildlife-rich rainforests and numerous rivers and waterfalls, making it an attractive ecotourism destination. In recent years, the country has also emerged as a major international financial center, particularly in offshore banking and corporate activities, and has encouraged foreign direct investment (FDI) aimed at expanding its revenue sources with projects in information and communication technologies, alternative energy, agribusiness and real estate. Furthermore, Dominica promotes citizenship by investment projects and operates with a stable Eastern Caribbean dollar pegged to theU.S. dollar.
Yet, despite some progress, the economy still relies primarily on tourism and agriculture. High unemployment and poverty rates, elevated energy costs, and vulnerability to natural hazards, as well as global economic shocks and commodity price fluctuations, are additional weaknesses.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Roseau |
| Sovereign Ratings |
S&P: BB– Moody’s: B1 Fitch: BB |
| Total Population | 75,000 |
| Median Age | 32.8 |
| Adult Per Capita Income (PPP) | 18,099.57 |
| Total GDP (2023) | 0.7 billion |
Dominica GDP & Economic Overview
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Dominica
Capital Raising & Corporate Finance
ANNUAL SURVEY: WORLD’S BEST BANKS 2014Banking & Finance
Trade & Investment
| Total Exports | USD 350 million (2023) |
|---|---|
| Leading Exports |
Medical Instruments Low-Voltage Protection Equipment Sutures Soap Bandages |
| Total Imports | USD 37.5 million (2022) |
| Leading Imports |
Refined Petroleum Natural Gas Crude Petroleum Recreational Boats Cars |
| Source: | World Integrated Trade Solution |
Dominica Leading Companies
| Dominica National Bank(DNB) | Financials |
|---|---|
| Dominica Electricity | Utilities |
| Dominica Blackbird Rum Distillery | Consumer Staples, Distillers |
| DBS Waters | Consumer Staples, Beverages & Beverage Bottlers |
| Viva Dominicana | Telecommunication Services |
Major Trade Partners — Import
| United States | 37% |
|---|---|
| Trinidad and Tobago | 17% |
| Unspecified | 9% |
| United Kingdom | 4% |
| China | 2% |
Major Trade Partners — Export
| Trinidad and Tobago | 19% |
|---|---|
| Jamaica | 16% |
| St. Kitts and Nevis | 14% |
| Guyana | 10% |
| France | 9% |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000