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REAL GDP & GROWTH
REAL GDP & GROWTH
Dominica's real Gross Domestic Product (GDP) measures the total value of goods and services produced in the economy, adjusted for inflation. Economic growth tends to be uneven and highly sensitive to external shocks like pandemics, global recessions, and hurricanes. Natural disasters can cause sudden drops in real GDP due to damage to infastructure, agriculture, and tourism.
2020: 493,481,872
Real GDP Growth: -16.6
2024: 607,279,298
Real GDP Growth: 3.5
A recession during COVID greatly affected Dominica GDP and employment, but in the previous years, the economy has been recovering and is doing better than before.
GDP PER CAPITA
GDP PER CAPITA
GDP per capita, divides total GDP by the populations which provides insight into average living conditions. The income level is low but it is has been showing an upwards trend since the pandemic.
2020: 7,302.9
2024: 10,405.3
INFLATION RATE
INFLATION RATE
Dominica's inflation rate reflects change in the general price level of goods and services. Because the country relies heavily on imports for food, fuel, and manufactured goods, inflation is strongly influenced by global price fluctuations. An increase in shipping costs will cause higher domestic prices, reducing consumers purchasing power.
2020: 1.9
2024: 2.9
UNEMPLOYMENT
UNEMPLOYMENT
With a population of 74000 and 21% who are under the working age, Dominica has an unemployment rate of 13.04. The unemployment rate in Dominica highlights structural challenges in the labor marker. Youth unemployment needs to be adressed as it may lead to a lot of migration. Also, since Dominica is reliant on tourism their could be job fluctuations throughout the year leading to seasonal unemployment.
GINI COEFFICIENT- INCOME INEQUALITY
GINI COEFFICIENT- INCOME INEQUALITY
The World Bank hasn't come out with a specific Gini coefficient for Dominica. But, by looking at the average income of the country we can see that the income is lower than the amount they are producing.
SOURCES:
“Average Inflation Rate Dominica| Statista.” Statista, 2025, www.statista.com/statistics/730501/inflation-rate-in-dominica/?srsltid=AfmBOoq1NMh58jd7DXoewRau9dQ91TIsmGkDiMxpc-I6_JM8-fSQ3gGq.
“Dominica - WID - World Inequality Database.” WID - World Inequality Database, 2016, https://wid.world/country/dominica/.
“International Monetary Fund- Dominica.” Imf.org, 2021, www.imf.org/external/datamapper/NGDP_RPCH@WEO/DMA?zoom=DMA&highlight=DMA.
“The Unemployment Rate of Dominica (2021 - 2029, %).” Globaldata.com, 2021, www.globaldata.com/data-insights/macroeconomic/the-unemployment-rate-of-dominica-220088/.
“World Bank Open Data.” World Bank Open Data, data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=DM.
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