World Factbook
Dominica
Commonwealth of Dominica
Last updated: 2026-03-28 (today)
Budget
note
note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
revenues
$233.831 million (2017 est.)
expenditures
$164.673 million (2017 est.)
Exports
note
note: balance of payments - exports of goods and services in current dollars
Exports 2022
$173.93 million (2022 est.)
Exports 2023
$188.818 million (2023 est.)
Exports 2024
$212.753 million (2024 est.)
Imports
note
note: balance of payments - imports of goods and services in current dollars
Imports 2022
$354.27 million (2022 est.)
Imports 2023
$417.164 million (2023 est.)
Imports 2024
$387.532 million (2024 est.)
Industries
soap, coconut oil, tourism, copra, furniture, cement blocks, shoes
Public debt
Public debt 2016
71.7% of GDP (2016 est.)
Remittances
note
note: personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022
6.1% of GDP (2022 est.)
Remittances 2023
5.2% of GDP (2023 est.)
Remittances 2024
5.6% of GDP (2024 est.)
Exchange rates
Currency
East Caribbean dollars (XCD) per US dollar -
Exchange rates 2020
2.7 (2020 est.)
Exchange rates 2021
2.7 (2021 est.)
Exchange rates 2022
2.7 (2022 est.)
Exchange rates 2023
2.7 (2023 est.)
Exchange rates 2024
2.7 (2024 est.)
Debt - external
note
note: present value of external debt in current US dollars
Debt - external 2023
$301.191 million (2023 est.)
Economic overview
highly agrarian OECS island economy; ECCU-member state; large banana exporter; improved oversight of its citizenship-by-investment program; emerging ecotourism, information and communications, and education industries
Exports - partners
Bahamas, The 13%, Saudi Arabia 11%, Iceland 10%, Guyana 7%, Antigua & Barbuda 7% (2023)
note: top five export partners based on percentage share of exports
Imports - partners
USA 24%, China 11%, Indonesia 8%, Trinidad & Tobago 7%, Italy 7% (2023)
note: top five import partners based on percentage share of imports
Real GDP per capita
note
note: data in 2021 dollars
Real GDP per capita 2022
$17,600 (2022 est.)
Real GDP per capita 2023
$18,300 (2023 est.)
Real GDP per capita 2024
$18,700 (2024 est.)
Real GDP growth rate
note
note: annual GDP % growth based on constant local currency
Real GDP growth rate 2022
10.4% (2022 est.)
Real GDP growth rate 2023
3.7% (2023 est.)
Real GDP growth rate 2024
2.1% (2024 est.)
Agricultural products
taro, grapefruits, yams, bananas, coconuts, plantains, milk, yautia, sugarcane, oranges (2023)
note: top ten agricultural products based on tonnage
Exports - commodities
iron blocks, medical instruments, excavation machinery, power equipment, soap (2023)
note: top five export commodities based on value in dollars
Imports - commodities
refined petroleum, ships, plastic products, semi-finished iron, cars (2023)
note: top five import commodities based on value in dollars
Current account balance
note
note: balance of payments - net trade and primary/secondary income in current dollars
Current account balance 2022
-$163.746 million (2022 est.)
Current account balance 2023
-$223.632 million (2023 est.)
Current account balance 2024
-$160.12 million (2024 est.)
GDP (official exchange rate)
$688.881 million (2024 est.)
note: data in current dollars at official exchange rate
GDP - composition, by end use
note
note: figures may not total 100% due to rounding or gaps in data collection
household consumption
87.7% (2018 est.)
government consumption
27.4% (2018 est.)
investment in inventories
0% (2018 est.)
investment in fixed capital
32.7% (2018 est.)
exports of goods and services
29.2% (2018 est.)
imports of goods and services
-77.8% (2018 est.)
Inflation rate (consumer prices)
note
note: annual % change based on consumer prices
Inflation rate (consumer prices) 2022
2.9% (2022 est.)
Inflation rate (consumer prices) 2023
5.1% (2023 est.)
Inflation rate (consumer prices) 2024
2.6% (2024 est.)
Industrial production growth rate
8.8% (2024 est.)
note: annual % change in industrial value added based on constant local currency
Real GDP (purchasing power parity)
note
note: data in 2021 dollars
Real GDP (purchasing power parity) 2022
$1.173 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$1.216 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$1.241 billion (2024 est.)
Reserves of foreign exchange and gold
note
note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022
$204.343 million (2022 est.)
Reserves of foreign exchange and gold 2023
$183.53 million (2023 est.)
Reserves of foreign exchange and gold 2024
$155.971 million (2024 est.)
GDP - composition, by sector of origin
note
note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
industry
13.9% (2024 est.)
services
56.9% (2024 est.)
agriculture
12.2% (2024 est.)