What was Dominica's GDP (constant 2015 US$) in 2024?

In 2024, Dominica's GDP (constant 2015 US$) was 607.28 million, according to World Bank Open Data.

Is Dominica's GDP (constant 2015 US$) rising or falling?

Dominica's GDP (constant 2015 US$) rose 2.1% from 2023 to 2024.

How does Dominica rank globally on GDP (constant 2015 US$)?

In 2024, Dominica ranked #187 out of 192 countries reporting GDP (constant 2015 US$).

How does Dominica's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Dominica is below the world average. Within Latin America & Caribbean, it ranks #38 of 38.

Dominica: GDP (constant 2015 US$)

Name: Dominica: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Dominica's GDP (constant 2015 US$) was 607.28 million.

That's up 2.1% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Dominica ranks #187 globally out of 192 reporting countries. Within Latin America & Caribbean, it ranks #38 of 38.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 607.28M; 2024
Trough: 493.48M; 2020
1-year change: +2.1%
5-year change: +3.7%; +0.7% / yr
10-year change: +0.6%; +0.1% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	607.279M
2023	595.064M
2022	574.097M
2021	520.030M
2020	493.482M
2019	585.432M
2018	563.197M
2017	546.984M
2016	591.618M
2015	583.178M

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Dominica's GDP (constant 2015 US$) in 2024?: In 2024, Dominica's GDP (constant 2015 US$) was 607.28 million, according to World Bank Open Data.
Is Dominica's GDP (constant 2015 US$) rising or falling?: Dominica's GDP (constant 2015 US$) rose 2.1% from 2023 to 2024.
How does Dominica rank globally on GDP (constant 2015 US$)?: In 2024, Dominica ranked #187 out of 192 countries reporting GDP (constant 2015 US$).
How does Dominica's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Dominica is below the world average. Within Latin America & Caribbean, it ranks #38 of 38.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.