Dominica GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Dominica's GDP changed from approximately $73M in 1980 to $708M in 2024, showing an overall 869.9% sharply increased during the period.
The lowest GDP was recorded in 1980 at $73M, and the highest in 2024 at $708M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.3%.
For comparison, the average annual growth rate of Saint Lucia was 6.4%, and that of Saint Vincent and the Grenadines was 5.9%.

Overview of Dominica's GDP (1980–2024)

The Gross Domestic Product (GDP) of Dominica recorded a 869.9% sharply increased from 1980 to 2024.
The average GDP during this period was $357M 311K, and the median was $340M.
GDP fluctuated within a range of $635M, with a standard deviation of $175M 179K.
The average annual change was $13M 200K.


Dominica GDP from 1980 to 2024

The total market value of goods and services produced annually in Dominica.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $73M
    • Highest GDP: 2024, $708M
    • Most Recent GDP: 2024, $708M

    Notable Annual GDP Changes

    • 2019: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Dominica's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $612M → $504M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $421M → $489M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $333M → $340M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $303M → $322M
    • Outcome: increased

    Key Economic Indicators of Dominica (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 73M
    $ 0
    $ 0
    $ 124M
    13.383 %
    0 %
    0 %
    0 %
    0 person
    1981
    $ 82M
    $ 1,112.64
    $ 2,043.74
    $ 151M
    10.829 %
    0 %
    0 %
    0 %
    74,000 people
    1982
    $ 90M
    $ 1,217.57
    $ 2,267.76
    $ 167M
    4.128 %
    0 %
    0 %
    0 %
    74,000 people
    1983
    $ 99M
    $ 1,346.69
    $ 2,425.52
    $ 178M
    2.556 %
    0 %
    0 %
    0 %
    73,000 people
    1984
    $ 109M
    $ 1,495.27
    $ 2,627.99
    $ 192M
    4.197 %
    0 %
    0 %
    0 %
    73,000 people
    1985
    $ 119M
    $ 1,642.75
    $ 2,759.54
    $ 201M
    1.421 %
    0 %
    0 %
    0 %
    73,000 people
    1986
    $ 135M
    $ 1,864.89
    $ 3,025.10
    $ 219M
    7.073 %
    0 %
    0 %
    0 %
    72,000 people
    1987
    $ 152M
    $ 2,102.96
    $ 3,307.50
    $ 239M
    6.308 %
    0 %
    0 %
    0 %
    72,000 people
    1988
    $ 171M
    $ 2,377.90
    $ 3,705.12
    $ 267M
    7.817 %
    0 %
    0 %
    0 %
    72,000 people
    1989
    $ 185M
    $ 2,582.18
    $ 3,856.93
    $ 277M
    -0.191 %
    0 %
    0 %
    0 %
    72,000 people
    1990
    $ 201M
    $ 2,819.55
    $ 4,233.31
    $ 302M
    5.419 %
    0 %
    0 %
    -3.359 %
    71,000 people
    1991
    $ 220M
    $ 3,087.30
    $ 4,451.44
    $ 317M
    1.346 %
    0 %
    0 %
    -1.436 %
    71,000 people
    1992
    $ 234M
    $ 3,287.85
    $ 4,644.93
    $ 331M
    2.03 %
    0 %
    0 %
    -0.432 %
    71,000 people
    1993
    $ 246M
    $ 3,448.67
    $ 4,857.42
    $ 346M
    2.162 %
    0 %
    0 %
    0.378 %
    71,000 people
    1994
    $ 264M
    $ 3,713.11
    $ 4,962.43
    $ 353M
    0.034 %
    0 %
    0 %
    -1.526 %
    71,000 people
    1995
    $ 275M
    $ 3,855.29
    $ 5,219.55
    $ 372M
    3.03 %
    0 %
    0 %
    -1.003 %
    71,000 people
    1996
    $ 292M
    $ 4,104.42
    $ 5,479.69
    $ 390M
    3.105 %
    0 %
    0 %
    0.377 %
    71,000 people
    1997
    $ 303M
    $ 4,254.37
    $ 5,695.52
    $ 406M
    2.185 %
    0 %
    0 %
    -0.182 %
    71,000 people
    1998
    $ 322M
    $ 4,526.68
    $ 5,976.40
    $ 426M
    3.774 %
    0 %
    0 %
    -3.997 %
    71,000 people
    1999
    $ 332M
    $ 4,657.56
    $ 6,081.97
    $ 433M
    0.355 %
    0 %
    0 %
    -6.057 %
    71,000 people