Source: world bank Nominal/PPP
Summary:
Dominica GDP Per Capita expanded from 1977 to 2024, increasing from $0.05 to $0.69 .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.
Dominica Economic Phases (1977 - 2024)
From 1977 to 2024, Dominica economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1980–1992) indicating robust economic expansion
- Expansion (1999–2000) indicating steady moderate growth
- Contraction (2002–2003) indicating temporary slowdown
- High Growth (2006–2009) indicating robust economic expansion
- Expansion (2010–2011) indicating steady moderate growth
- Expansion (2013–2015) indicating steady moderate growth
- High Growth (2021–2023) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1980 with an increase of 32.329%, while the largest decline was in 2020 at -17.899%.