Key Economic Insights: The economy of Dominica generates an estimated GDP of $688.9 million ($10,405 per capita) supporting a population of 66,205. Productive output is anchored by 65.1% services, 12.6% industry and manufacturing, and 22.3% agriculture and natural resource extraction. Key merchandise exports include Manufactured goods, mineral resources, and agricultural commodities, directed primarily toward Global and regional trade partners.
Dominica, with a population of 66,205 (2024), is one of the smallest nations in the Caribbean by population. Located in the Caribbean, it covers 750 square kilometers, ranking 169th in size, trailing behind Bahrain.
Dominica’s economic position is reflective of its status as a developing nation. As of 2024, the country had a GDP of about $688.9 million (current US$), making it one of the smaller economies in the world. Dominica’s GDP per capita stood at roughly $10,405 in 2024, according to World Bank data.
Despite facing economic challenges, Dominica continues to strive for growth and development in various sectors to improve its economic standing on the global stage.
Dominica Economic Structure & Sector Analysis
| Economic Dimension | Official Indicator (2024–2026) | Authoritative Source |
|---|---|---|
| GDP & Macro Output | Nominal GDP: $688.9 million | Per Capita: $10,405 | World Bank WDI / IMF |
| Sector Breakdown | Services: 65.1% | Industry: 12.6% | Agriculture: 22.3% | World Bank National Accounts |
| Trade & Commodities | Top Exports: Manufactured goods, mineral resources, and agricultural commodities (Total: $360 million) | UN Comtrade / OEC |
| Demographics & Labor | Population: 66,205 | Distributed workforce across formal & primary sectors | ILO / UN Population Division |
| Strategic Trade Corridors | Leading Trade Partners: Global and regional trade partners | World Bank WITS / IMF DOTS |
- Primary activities (agriculture): 22.3% of GDP (2017 est.).
- Secondary activities (industry): 12.6% of GDP (2017 est.).
- Tertiary activities (services): 65.1% of GDP (2017 est.).
Primary Sector of Dominica
With 33.33% of the land dedicated to agriculture, the country produces a diverse range of products including taro, grapefruits, yams, bananas, plantains, coconuts, milk, yautia, oranges, and sugarcane.
Despite contributing 22.3% to the GDP, agriculture plays a vital role in the economy. The variety of crops and animal products highlight the sector’s importance, providing sustenance, employment, and supporting local livelihoods.
With its diverse geological landscape, Dominica boasts abundant natural resources. The primary sector thrives on timber, hydropower, and arable land, driving economic growth and sustainability.
Secondary Sector of Dominica
In Dominica, key industrial products include soap, coconut oil, copra, furniture, cement blocks, and shoes. These goods are manufactured for both domestic consumption and exportation, contributing to the country’s economic growth and development.
In 2023, Dominica’s manufactures accounted for a small percentage of its total exports, indicating that they are not a significant contributor to the country’s export economy.
Tertiary sector of Dominica
The tertiary sector in Dominica encompasses a range of services where knowledge and time are utilized to enhance productivity and meet needs. Key tertiary activities in Dominica are restaurants, healthcare and medical care, education and training, banking and finance, communication and information exchange, and tourism and hospitality.
Specifically, Dominica’s economy heavily relies on tourism, contributing significantly to its GDP. With an impressive 322,000 annual arrivals, almost 4.5 times its population, this sector is crucial. The island’s natural wonders, like the Boiling Lake and Trafalgar Falls, attract visitors worldwide, driving economic growth and generating employment opportunities.
Another example of tertiary economic activity is the mobile cellular sector, which boasts around 62,000 subscriptions, enhancing connectivity. This infrastructure supports technological growth, fostering innovation and digital services.
International Trade of Dominica
Import Activities of Dominica
The import activities of Dominica are of high importance, accounting for about 55.4% of its GDP in 2023, totaling roughly $360 million.
Dominica’s main import partners are the US (51%), China (9%), Indonesia (4%), Trinidad and Tobago (4%), and Italy (3%). The country imports refined petroleum, natural gas, crude petroleum, plastic products, and cars.
Exports Activities of Dominica
Dominica’s total exports in 2023 amounted to about $23.6 million, representing roughly 3.6% of its GDP. With a low export contribution, it plays a minor role in the country’s economy.
Dominica’s export activities are diversified, with key partners including the Bahamas, Guyana, Antigua and Barbuda, Dominican Republic, and Barbados. The country mainly exports power equipment, soap, raw iron bars, natural gas, and tropical fruits.
Dominica economy challenges in 2024
In 2024, Dominica faces challenges in diversifying its agrarian economy, balancing environmental conservation with tourism growth, and ensuring transparency in its citizenship-by-investment program. The country aims to strengthen its emerging industries while preserving its natural resources.
Sources
Last updated: August 2026
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