Economy of Dominica

Dominica is an Upper middle Income country coming under the Latin American and Caribbean region according to the Classification of Economies by region and Income, FY 2005 made by the World Bank.


The country has a surface area of 750.0 Square Kilometers in the year 2003 and a forest area of 460.0 thousand square kilometers in the year 2000.

DEMOGRAPHY AND SOCIAL INDICATORS
The total population of the country was 71,459.7 in the year 2004 compared to 71,212.8 in the previous year.

The annual percentage growth rate of population was 0.3 in the year 2004.


There was a negative growth rate of population in the country in the year 2000.

The Life Expectancy years of the country was 76.7 in the year 2003.

The Infant Mortality rate (per 1,000 Life Births) in the country was 12.0 in the year 2003.

Under 5 mortality rate (per 1,000 children) in the country was 14.0 in the year 2003.

KEY ECONOMIC INDICATORS
The Gross National Income, Atlas method of the country (Current US $) has reached 261.2 millions in the year 2004.The GNI percapita Atlas method (Current US $) in the country was 3,650.0 in the year 2004.

The Gross Domestic Product (Current $) in the country was 268.8 millions in the year 2004 with an annual growth rate of 2.0 percent.

The average annual growth rate of GDP for the country was 0.3 for the period of 1994-04. The following diagram represents the average annual growth rate of GDP of the country. The following diagram represents the average annual growth rate of GDP in the recent years.