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The Dominican economy has been dependent on agriculture - primarily bananas - in years past, but increasingly has been driven by tourism as the government seeks to promote Dominica as an "ecotourism" destination. In order to diversify the island's production base, the government also is attempting to develop an offshore financial sector and has signed an agreement with the EU to develop geothermal energy resources. 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 an economic and financial crisis and to meet IMF requirements. This restructuring paved the way for an economic recovery - real growth for 2006 reached a two-decade high - and helped to reduce the debt burden, which remains at about 85% of GDP. Hurricane Dean struck the island in August 2007 causing damages equivalent to 20% of GDP. In 2009, growth slowed as a result of the global recession and is projected to pick up only slightly in 2010.
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$744.7 million (2009 est.)
country comparison to the world: 207
$747 million (2008 est.)
$723.8 million (2007 est.)
note:
data are in 2009 US dollars
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$362 million (2009 est.)
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-0.3% (2009 est.)
country comparison to the world: 117
3.2% (2008 est.)
2.5% (2007 est.)
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$10,200 (2009 est.)
country comparison to the world: 105
$10,300 (2008 est.)
$10,000 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 17.7%
industry:
32.8%
services:
49.5% (2004 est.)
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25,000 (2000 est.)
country comparison to the world: 205
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agriculture: 40%
industry:
32%
services:
28% (2000 est.)
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23% (2000 est.)
country comparison to the world: 171
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30% (2002 est.)
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $73.9 million
expenditures:
$84.4 million (2001)
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85% of GDP (2006 est.)
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2.7% (2007 est.)
country comparison to the world: 94
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6.5% (31 December 2008)
country comparison to the world: 68
6.5% (31 December 2007)
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9.06% (31 December 2008)
country comparison to the world: 99
9.17% (31 December 2007)
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$72.1 million (31 December 2008)
country comparison to the world: 157
$73.71 million (31 December 2007)
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$289.9 million (31 December 2008)
country comparison to the world: 143
$269.1 million (31 December 2007)
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$213.6 million (31 December 2008)
country comparison to the world: 129
$193.1 million (31 December 2007)
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bananas, citrus, mangoes, root crops, coconuts, cocoa
note:
forest and fishery potential not exploited
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soap, coconut oil, tourism, copra, furniture, cement blocks, shoes
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NA%
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85 million kWh (2007 est.)
country comparison to the world: 193
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79.05 million kWh (2007 est.)
country comparison to the world: 194
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 182
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1,000 bbl/day (2009 est.)
country comparison to the world: 202
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0 bbl/day (2007 est.)
country comparison to the world: 201
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838 bbl/day (2007 est.)
country comparison to the world: 190
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0 bbl (1 January 2009 est.)
country comparison to the world: 187
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0 cu m (2008 est.)
country comparison to the world: 179
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0 cu m (2008 est.)
country comparison to the world: 191
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0 cu m (2008 est.)
country comparison to the world: 65
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0 cu m (2008 est.)
country comparison to the world: 89
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0 cu m (1 January 2009 est.)
country comparison to the world: 185
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-$72 million (2007 est.)
country comparison to the world: 72
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$94 million (2006)
country comparison to the world: 193
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bananas, soap, bay oil, vegetables, grapefruit, oranges
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Japan 28.62%, UK 19.81%, Antigua and Barbuda 7.7%, Guyana 6.52%, Jamaica 5.4%, Trinidad and Tobago 4.2% (2009)
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$296 million (2006)
country comparison to the world: 194
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manufactured goods, machinery and equipment, food, chemicals
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Japan 31.29%, US 19.73%, Trinidad and Tobago 11.8%, China 11.58% (2009)
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$213 million (2004)
country comparison to the world: 173
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East Caribbean dollars (XCD) per US dollar - 2.7 (2007), 2.7 (2006), 2.7 (2005), 2.7 (2004), 2.7 (2003)
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