[ Nominal GDP in billion of USD ]
Year -
$0.69 billion
Dominica GDP expanded from 1977 to 2024, increasing from $0.05 billion to $0.69 billion.The compound annual growth rate (CAGR) averaged 5.74% over the period. The economy recorded its peak level in 2024 and its lowest level in 1977. Growth volatility remained high. The maximum drawdown reached 17.19%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 0.69 Billions | $ 1.41 Int Billions |
| Growth (YoY) | 4.485% | 4.52% |
| Net Change vs Previous Year | $ 0.03 Billion | $ 0.06 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | 0.05 | - | - | - | - | - |
| 1978 | 0.06 | 0.01 | 24.54 % | - | - | - |
| 1979 | 0.06 | 0 | -3.698 % | - | - | - |
| 1980 | 0.07 | 0.02 | 32.329 % | - | - | - |
| 1981 | 0.08 | 0.01 | 12.778 % | - | - | - |
| 1982 | 0.09 | 0.01 | 9.037 % | - | - | - |
| 1983 | 0.1 | 0.01 | 10.206 % | - | - | - |
| 1984 | 0.11 | 0.01 | 10.634 % | - | - | - |
| 1985 | 0.12 | 0.01 | 9.468 % | - | - | - |
| 1986 | 0.14 | 0.02 | 13.114 % | - | - | - |
| 1987 | 0.15 | 0.02 | 12.361 % | - | - | - |
| 1988 | 0.17 | 0.02 | 12.667 % | - | - | - |
| 1989 | 0.19 | 0.01 | 8.2 % | - | - | - |
| 1990 | 0.2 | 0.02 | 8.8 % | 0.32 | - | - |
| 1991 | 0.22 | 0.02 | 9.102 % | 0.34 | 0.02 | 4.775 % |
| 1992 | 0.23 | 0.01 | 6.505 % | 0.36 | 0.01 | 4.355 % |
| 1993 | 0.25 | 0.01 | 4.899 % | 0.37 | 0.02 | 4.583 % |
| 1994 | 0.26 | 0.02 | 7.677 % | 0.38 | 0.01 | 2.17 % |
| 1995 | 0.27 | 0.01 | 3.839 % | 0.4 | 0.02 | 5.191 % |
| 1996 | 0.29 | 0.02 | 6.471 % | 0.42 | 0.02 | 4.992 % |
| 1997 | 0.3 | 0.01 | 3.662 % | 0.44 | 0.02 | 3.948 % |
| 1998 | 0.32 | 0.02 | 6.41 % | 0.46 | 0.02 | 4.941 % |
| 1999 | 0.33 | 0.01 | 2.899 % | 0.47 | 0.01 | 1.774 % |
| 2000 | 0.33 | 0 | 0.516 % | 0.49 | 0.02 | 4.658 % |
| 2001 | 0.38 | 0.04 | 13.192 % | 0.5 | 0.01 | 2.186 % |
| 2002 | 0.38 | 0 | -0.6 % | 0.49 | -0.01 | -1.581 % |
| 2003 | 0.37 | 0 | -0.501 % | 0.53 | 0.04 | 7.894 % |
| 2004 | 0.4 | 0.02 | 6.266 % | 0.57 | 0.04 | 6.897 % |
| 2005 | 0.39 | -0.01 | -1.325 % | 0.59 | 0.02 | 4.079 % |
| 2006 | 0.42 | 0.03 | 6.442 % | 0.63 | 0.04 | 7.62 % |
| 2007 | 0.44 | 0.03 | 6.723 % | 0.68 | 0.05 | 8.212 % |
| 2008 | 0.48 | 0.04 | 7.942 % | 0.75 | 0.06 | 9.185 % |
| 2009 | 0.52 | 0.04 | 7.42 % | 0.74 | 0 | -0.526 % |
| 2010 | 0.52 | 0 | 0.822 % | 0.75 | 0.01 | 1.108 % |
| 2011 | 0.53 | 0.01 | 2.351 % | 0.77 | 0.02 | 2.107 % |
| 2012 | 0.52 | -0.01 | -2.204 % | 0.75 | -0.01 | -1.724 % |
| 2013 | 0.55 | 0.02 | 4.799 % | 0.79 | 0.03 | 4.238 % |
| 2014 | 0.57 | 0.03 | 4.938 % | 0.85 | 0.06 | 8.072 % |
| 2015 | 0.58 | 0.01 | 1.909 % | 0.85 | 0 | 0.131 % |
| 2016 | 0.61 | 0.03 | 5.064 % | 0.9 | 0.05 | 5.825 % |
| 2017 | 0.56 | -0.05 | -8.055 % | 0.87 | -0.03 | -3.486 % |
| 2018 | 0.63 | 0.06 | 11.518 % | 1.03 | 0.16 | 18.138 % |
| 2019 | 0.64 | 0.02 | 2.549 % | 1.09 | 0.06 | 5.85 % |
| 2020 | 0.53 | -0.12 | -17.899 % | 0.96 | -0.12 | -11.493 % |
| 2021 | 0.56 | 0.03 | 6.422 % | 1.06 | 0.1 | 10.379 % |
| 2022 | 0.62 | 0.06 | 10.686 % | 1.26 | 0.19 | 18.268 % |
| 2023 | 0.66 | 0.04 | 5.818 % | 1.35 | 0.09 | 7.382 % |
| 2024 | 0.69 | 0.03 | 4.485 % | 1.41 | 0.06 | 4.52 % |
Between 1977 to 2024, Dominica experienced the following economic phases:
The most remarkable growth occurred in 1980 with an increase of 32.329%, while the largest decline was in 2020 at -17.899%.