Agriculture > products
bananas, citrus, mangoes, root crops, coconuts, cocoa; forest and fishery potential not exploited |
|
Aid as % of GDP
|
5.7% |
|
[45th of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$213,000,000.00 |
|
[22nd of 136]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
Economy > Overview
The Dominican economy depends on agriculture, primarily bananas, and remains highly vulnerable to climatic conditions and international economic developments. Tourism has increased as the government seeks to promote Dominica as an "ecotourism" destination. In 2003, the government began a comprehensive restructuring of the economy - including elimination of price controls, privatization of the state banana company, and tax increases - to address Dominica's economic and financial crisis of 2001-02 and to meet IMF targets. This restructuring paved the way for the current economic recovery - real growth for 2006 reached a two-decade high - and will help to reduce the debt burden, which remains at about 100% of GDP. In order to diversify the island's production base, the government is attempting to develop an offshore financial sector and is researching Dominica's capability to export geothermal energy. |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
East Caribbean dollars per US dollar - 2.7 (2004), 2.7 (2003), 2.7 (2002), 2.7 (2001), 2.7 (2000) |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$94,000,000.00 |
|
[176th of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports to US
|
$400,000.00 |
|
[187th of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$299,814,800.00 |
|
[165th of 203]
|
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$648,000,000.00 |
|
[184th of 187]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > PPP
|
$401,000,000.00 |
|
[163rd of 163]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Real growth rate
|
0.9% |
|
[179th of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GDP growth > annual %
|
6.4 annual %
|
|
[54th of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP per capita, PPP > current international $
|
6,206.25 PPP $
|
|
[84th of 169]
|
|
Source: World Development Indicators database |
|
Gross National Income
|
$230,193,000.00 |
|
[162nd of 172]
|
|
Source: World Development Indicators database |
|
Gross national income > constant LCU
|
520492700 |
|
|
|
Human Development Index
|
0.783 |
|
[70th of 178]
|
|
Source: World Development Indicators database |
|
Inflation rate (consumer prices)
|
2.7% |
|
[135th of 192]
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Population below poverty line
|
30% |
|
[21st of 46]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Technological achievement
|
0.24 |
|
[52nd of 68]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals
|
65,000 |
|
[128th of 152]
|
|
Source: United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org |
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