Current account balance as a proportion of GDP (%) in Dominica
Dominica: Current account balance as a proportion of GDP (%) was -23.2% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Dominica, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Dominica stood at -23.2%.
The figure is up 31.5% on the previous year and down 274.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Dominica peaked at -6.0% in 2003 and was at its lowest, -41.2%, in 2018.
That places Dominica 200th out of 205 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Dominica, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -19.9% | — |
| 2001 | -11.6% | -41.7% |
| 2002 | -8.9% | -23.8% |
| 2003 | -6.0% | -31.7% |
| 2004 | -8.4% | +39.0% |
| 2005 | -16.1% | +91.4% |
| 2006 | -7.0% | -56.6% |
| 2007 | -17.2% | +146.3% |
| 2008 | -24.5% | +42.5% |
| 2009 | -19.7% | -19.8% |
| 2010 | -16.9% | -13.9% |
| 2011 | -13.3% | -21.2% |
| 2012 | -16.5% | +23.8% |
| 2013 | -17.1% | +3.4% |
| 2014 | -6.2% | -63.6% |
| 2015 | -6.6% | +5.7% |
| 2016 | -8.5% | +28.7% |
| 2017 | -10.2% | +20.8% |
| 2018 | -41.2% | +303.5% |
| 2019 | -36.2% | -12.1% |
| 2020 | -35.2% | -2.7% |
| 2021 | -33.1% | -6.2% |
| 2022 | -26.3% | -20.5% |
| 2023 | -33.9% | +29.1% |
| 2024 | -23.2% | -31.5% |
Dominica compared with similar countries
- Dominica's -23.2% is below the median for upper middle income countries, which is -2.1%, 11.1× the median. (53 countries reporting)
- Dominica's -23.2% is below the median for Latin America & Caribbean, which is -1.6%, 14.4× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Dominica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | -303.5% | -10.2% | -41.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -13.9% | -24.5% | -6.0% | 10 |
| 2010s | -17.3% | -41.2% | -6.2% | 10 |
| 2020s | -30.3% | -35.2% | -23.2% | 5 |
Countries ranked near Dominica
- 198 Bhutan -20.0% compare
- 199 State of Palestine -21.1% compare
- 201 Lebanon -28.1% compare
- 202 Timor-Leste -31.5% compare
- 202 East Timor -31.5% compare
More economy & growth data for Dominica
- Real gdp growth, annual growth rate -24.89 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -39.33 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 75.54 units per person (2025)
- SDRs holdings, SDR, annual growth rate -42.22 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.005 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 55.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Dominica?
- Current account balance as a proportion of gdp in Dominica was -23.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Dominica?
- The highest recorded value was -6.0% in 2003.
- What is the lowest current account balance as a proportion of gdp recorded in Dominica?
- The lowest recorded value was -41.2% in 2018.
- How does Dominica rank for current account balance as a proportion of gdp?
- Dominica ranks 200th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Dominica?
- Over the last ten years it is down 274.1%. The long-run trend across the full record is volatile.
- Where does this Dominica data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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