Dominica

Description of Dominica

Welcome to the portal dedicated to the geopolitical and macroeconomic analysis of Dominica. As we delve into the intricate dynamics that shape this Caribbean island nation, we will explore how macroeconomic statistics and key indicators play a crucial role in understanding its development trajectory and geopolitical positioning within the region. Through a lens inspired by the works of geopolitical strategists such as Henry Kissinger, George Kennan, and Peter Zeihan, we aim to unravel the complexities of Dominica's economy and its relationship with the wider global landscape.

Population And Age Structure

- The total population of Dominica is 71,995, significantly below the average of 40,097,746. Dominica ranks 185th out of 194 countries in terms of total population.
- The percentage of the population in Dominica aged 0-14 is 20.13%, below the average of 27.34%. Dominica ranks 130th out of 194 countries in this category.
- The total number of individuals aged 0-14 in Dominica is 14,489, well below the average of 10,327,380. Dominica ranks 185th out of 194 countries in this age group.
- The percentage of the population in Dominica aged 15-64 is 70.70%, above the average of 63.44%. Dominica ranks 17th out of 194 countries in this age bracket.
- The total number of individuals aged 15-64 in Dominica is 50,902, significantly below the average of 26,003,407. Dominica ranks 185th out of 194 countries in this age range.
- The percentage of the population in Dominica aged 65 and above is 9.17%, slightly below the average of 9.22%. Dominica ranks 73rd out of 194 countries in this older age group.
- The total number of individuals aged 65 and above in Dominica is 6,604, well below the average of 3,766,959. Dominica ranks 185th out of 194 countries in this category.

Summary

Dominica has a relatively small total population, with a lower percentage of individuals in the younger age brackets compared to the global average and significantly lower than average numbers in each age group. However, the country has a higher percentage of individuals in the working-age bracket (15-64 years) compared to the global average, indicating a potentially productive workforce. These statistics are crucial for understanding Dominica's demographic composition, workforce potential, and potential challenges in terms of dependency ratios and healthcare needs.

Population Miscellaneous

- The Rural population of Dominica is 20,814, which is significantly below the average rural population of 18,044,041. Dominica ranks 183 out of 190 countries in this dataset.
- Dominica's Rural population (% of total population) is 28.91, lower than the average of 41.16. It ranks 127 out of 190 countries.
- The Urban population in Dominica is 51,181, much lower than the average urban population of 22,425,747. Dominica ranks 178 out of 194 countries.
- Dominica's Urban population (% of total population) stands at 71.09, higher than the average of 59.69. It is ranked 68 out of 194 countries.
- The Age dependency ratio in Dominica is 41.44%, below the average of 59.22%. Dominica ranks 178 out of 194 countries.
- The Birth rate in Dominica is 13.30 per 1,000 people, lower than the average of 19.38. It ranks 117 out of 192 countries.
- Dominica's Death rate is 8.18 per 1,000 people, closely in line with the average of 8.21. It ranks 82 out of 192 countries.
- The Fertility rate in Dominica is 1.60 births per woman, below the average of 2.60. Dominica ranks 137 out of 190 countries.

Summary

Dominica stands out as a country with a relatively low rural population, urban population, age dependency ratio, birth rate, and fertility rate compared to global averages. However, it has a higher urban population percentage and a death rate in line with the global average. These statistics are crucial as they provide insights into Dominica's demographic composition, urbanization levels, and demographic challenges. Understanding these indicators is vital for policy-making, resource allocation, and sustainable development planning in Dominica.

Natural Resources

For Forest area (sq. km), Dominica's value of 478.7 is significantly below the attribute average of 211606.11 sq. km. Dominica ranks 161 out of 191 countries in this dataset.

Regarding Land area (sq. km), Dominica's value of 750 is notably below the attribute average of 665166.51 sq. km. Dominica holds a rank of 173 out of 194 countries.

Surface area (sq. km) in Dominica stands at 750, well below the attribute average of 689779.56 sq. km. Dominica ranks 173 out of 194 countries in this aspect.

For Arable land (hectares), Dominica possesses 6000 hectares, considerably lower than the attribute average of 7329543.16 hectares. Dominica ranks 171 out of 190 countries.

Dominica's Land under cereal production (hectares) is at 116, significantly under the attribute average of 4206011.63 hectares. Dominica's rank in this aspect is 167 out of 174 countries.

With an Average precipitation in depth of 2083 mm per year, Dominica exceeds the attribute average of 1157.83 mm per year. Dominica is ranked 27 out of 178 countries in this category.

When considering Renewable internal freshwater resources, total (billion cubic meters), Dominica's value of 0.2 billion cubic meters is notably lower than the attribute average of 240.41 billion cubic meters. Dominica holds a rank of 168 out of 178 countries included in the dataset.

Summary

Dominica stands out with below-average values in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. However, it surpasses the attribute average in average precipitation depth. These indicators are crucial as they reflect Dominica's environmental resources, agricultural potential, and water sustainability, which are critical factors in the country's overall development and resilience to environmental challenges.

Resource Rents

Regarding Total natural resources rents (% of GDP), Dominica's value is 0.046, which is significantly below the average of 4.63. This places Dominica at rank 155 out of 175 countries in the dataset.

As for Forest rents (% of GDP), Dominica's value is also 0.046, well below the average of 1.53. This positions Dominica at rank 129 out of 174 countries in the dataset.

Summary

Dominica's low values in Total natural resources rents and Forest rents as a percentage of GDP indicate that the country is not heavily reliant on natural resource extraction for economic output compared to the global average. This could suggest a more diversified economy or a focus on other sectors for growth. However, it also highlights a potential area for development, as increasing the sustainable utilization of natural resources could contribute to economic growth and stability in the long term.

Commodities

In terms of Cereal production (metric tons), Dominica's value of 190.98 is significantly below the average of 17,249,945.93 metric tons, ranking 171 out of 174 countries.

Dominica's Aquaculture production (metric tons) value of 0.1 is far below the average of 679,642.92 metric tons, placing it at rank 180 out of 180 countries.

Dominica's Capture fisheries production (metric tons) of 527 is lower than the average of 467,453.06 metric tons, ranking 176 out of 190 countries.

Similarly, Dominica's Total fisheries production (metric tons) value of 527.1 falls below the average of 1,153,914.85 metric tons, ranking at 178 out of 182 countries.

In Fertilizer consumption (kilograms per hectare of arable land), Dominica has a value of 72.12, which is below the average of 159.04 kilograms per hectare. This places Dominica at rank 107 out of 187 countries.

Summary

Dominica's agricultural production levels, both in terms of cereals, aquaculture, and fisheries, are markedly below global averages, indicating challenges in achieving self-sufficiency and export capabilities in these sectors. Furthermore, the country's lower fertilizer consumption compared to the average suggests potential limitations in maximizing agricultural productivity and yields. Addressing these disparities is crucial for Dominica's economic development and food security, requiring strategic investments and policies to boost agricultural output and efficiency.

Intellectual Property

1. Patent applications, nonresidents: Dominica has a value of 2 patent applications by nonresidents, significantly below the average of 6538.40. This places Dominica at rank 124 out of 129 countries in the dataset.

2. Trademark applications, nonresident, by count: With 173 trademark applications by nonresidents, Dominica falls below the average of 15878.93. Dominica is ranked 128 out of 130 countries for this attribute.

3. Trademark applications, resident, by count: Dominica has 5 resident trademark applications, much lower than the average of 111055.78. This places Dominica at rank 129 out of 129 countries in the dataset.

4. Scientific and technical journal articles: Dominica contributes 6.42 articles to scientific and technical journals, below the average of 15103.76. Dominica ranks 183 out of 192 countries in this category.

5. Charges for the use of intellectual property, payments (BoP, current US$): Dominica pays 179356.15 USD for intellectual property use, significantly below the average of 3218843494.39. Dominica ranks 137 out of 143 countries for this metric.

6. Charges for the use of intellectual property, receipts (BoP, current US$): Dominica receives 71.11 USD for intellectual property use, far below the average of 3191687117.58. Dominica is ranked 122 out of 122 countries in this dataset.

Summary

Dominica lags behind the global average in key macroeconomic indicators related to intellectual property such as patent and trademark applications, scientific articles, and charges for the use of intellectual property. These low values indicate a potential lack of innovation and investment in research and development in the country, which could hinder its competitiveness and economic growth in the long term.

Broad Economy Attributes

For GDP (current US$), Dominica's value is $504,214,814.81, which is significantly below the average of $442,870,224,838.68. Dominica is ranked 182 out of 189 countries in this dataset.

When it comes to GDP, PPP (current international $), Dominica's value of $779,729,491.39 is lower than the average of $734,141,122,350.78. Dominica holds the 174th position out of 181 countries.

Regarding GDP per capita (current US$), Dominica's value is $7,003.47, well below the average of $15,462.11. Dominica ranks 83rd out of 190 countries in this category.

For GDP per capita, PPP (current international $), Dominica's value of $10,830.33 falls short of the average of $21,251.89. Dominica is positioned at 107 out of 181 countries.

In terms of GNI (current US$), Dominica's value is $511,437,037.04, which is notably lower than the average of $452,040,815,370.70. Dominica is ranked 179 out of 185 countries.

For GNI, PPP (current international $), Dominica's value stands at $790,898,103.45, below the average of $730,698,223,823.47. Dominica holds the 174th position out of 181 countries.

Lastly, for GNI per capita, PPP (current international $), Dominica's value of $10,990 is lower than the average of $20,615.75. Dominica ranks 104th out of 181 countries.

Summary

Dominica's key macroeconomic indicators, such as GDP, GDP per capita, and GNI, are consistently below global averages, positioning the country in lower ranks compared to other nations. These figures highlight the economic challenges that Dominica faces in terms of generating wealth, income distribution, and overall economic development. Addressing these disparities is crucial for Dominica to improve its standard of living, enhance economic opportunities for its citizens, and attract investments for sustainable growth.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): Dominica's GVA is $419,185,185.19, ranking 171 out of 176 countries. It is significantly below the attribute average of $360,070,943,595.12.

2. Agriculture, forestry, and fishing, value added (% of GDP): Dominica's value added in this sector is 15.16% of GDP, ranking 53 out of 182 countries. It is notably higher than the attribute average of 10.86%.

3. Agriculture, forestry, and fishing, value added (current US$): Dominica's value added in this sector is $76,418,518.52, ranking 170 out of 182 countries. It is substantially below the attribute average of $19,924,732,828.07.

4. Services, value added (% of GDP): Dominica's value added in services is 57.89% of GDP, ranking 80 out of 183 countries. It is slightly higher than the attribute average of 56.72%.

5. Services, value added (current US$): Dominica's value added in services is $291,874,074.07, ranking 178 out of 183 countries. It is considerably below the attribute average of $295,837,711,130.69.

6. Industry (including construction), value added (current US$): Dominica's value added in this sector is $61,662,962.96, ranking 179 out of 183 countries. It is significantly below the attribute average of $118,421,095,413.50.

Summary

Dominica's economy is heavily reliant on agriculture, forestry, and fishing, with these sectors contributing significantly to its GDP. However, the country's overall economic value added, particularly in services and industry, lags behind the global average. This indicates a potential imbalance in the economy, with a heavy emphasis on traditional sectors and a need for diversification to enhance economic growth and resilience.

Manufacturing Value Added

Considering the attribute "Manufacturing, value added (current US$)", Dominica's value of 14555555.5555556 is notably below the average of 76207179589.66348. This places Dominica at rank 169 out of 173 countries in the dataset for this attribute.

Regarding "Manufacturing, value added (% of GDP)", Dominica's value of 2.886776653102 is significantly below the average of 11.902672847660009. This positions Dominica at rank 163 out of the 173 countries included in the data for this attribute.

Summary

Dominica's manufacturing sector, as indicated by its value added in current US$, lags significantly behind the average of the countries in the dataset, placing it near the bottom at 169 out of 173. Similarly, its manufacturing value added as a percentage of GDP is also notably lower than the average, ranking at 163 out of 173. These figures suggest that Dominica may have challenges in terms of industrial and manufacturing development, which could impact its overall economic growth and competitiveness in the global market.

Money

1. Inflation, consumer prices (annual %): Dominica's inflation rate is -0.73%, which is below the average of 8.26%. Dominica ranks 151 out of 165 countries in this attribute.

2. Inflation, GDP deflator (annual %): Dominica's GDP deflator inflation is -1.13%, lower than the average of 6.90%. Dominica ranks 157 out of 188 countries in this attribute.

3. Broad money growth (annual %): Dominica's broad money growth is -11.76%, significantly below the average of 18.03%. Dominica ranks 138 out of 139 countries in this attribute.

4. Broad money (% of GDP): Dominica's broad money as a percentage of GDP is 102.04%, higher than the average of 71.75%. Dominica ranks 28 out of 139 countries in this attribute.

5. Broad money to total reserves ratio: Dominica's ratio is 3.10, below the average of 5.17. Dominica ranks 54 out of 126 countries in this attribute.

Summary

Dominica exhibits deflation in both consumer prices and GDP deflator, indicating a decrease in the overall price levels and the value of goods and services produced domestically. The country also shows a significant decline in broad money growth, which could affect economic activity and investment. Despite having a higher percentage of broad money to GDP, Dominica's ratio of broad money to total reserves is below average, which may pose challenges in maintaining currency stability and liquidity.

These indicators are crucial as they reflect the economic health and stability of Dominica. Deflation can lead to lower consumer spending and investment, impacting economic growth. The low broad money growth suggests limited availability of funds for lending and investment, hindering economic development. Additionally, the lower ratio of broad money to total reserves may indicate potential difficulties in managing external shocks and maintaining a stable exchange rate.

Investment

Analysis of key investment statistics for Dominica:

Summary

Despite Dominica's relatively low values in key investment statistics such as foreign direct investment, net inflows and net portfolio investment, the country demonstrates a higher ratio of foreign direct investment inflows to GDP compared to the average. This indicates a potentially attractive environment for foreign investors, as well as a focus on utilizing foreign investment for economic growth.

Debt

Analysis of key debt statistics for Dominica:

1. Total debt service (% of GNI): Dominica's total debt service as a percentage of Gross National Income (GNI) is 5.17%, slightly below the average of 5.98%. Dominica ranks 48 out of 120 countries in this statistic.

2. Public and publicly guaranteed debt service (% of GNI): Dominica's public and publicly guaranteed debt service as a percentage of GNI is 5.01%, higher than the average of 2.84%. Dominica is ranked 21 out of 120 countries in this category.

3. External debt stocks (% of GNI): Dominica's external debt stocks as a percentage of GNI stand at 64.35%, slightly below the average of 65.42%. The country ranks 45 out of 120 countries in this metric.

4. Debt service on external debt, total (TDS, current US$): Dominica's debt service on external debt is $26,432,961.4, significantly below the average of $9,811,195,839.23. The country is ranked 113 out of 123 countries in this regard.

5. Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Dominica's debt service on public and publicly guaranteed external debt is $25,634,977.2, much lower than the average of $3,310,612,057.60. Dominica ranks 110 out of 123 countries in this aspect.

6. External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Dominica's external debt stocks for public and publicly guaranteed debt amount to $275,640,731.3, significantly lower than the average of $28,695,879,144.98. The country is placed at 119 out of 123 countries in this category.

7. External debt stocks, total (DOD, current US$): Dominica's total external debt stocks are $329,092,931.5, notably below the average of $73,845,530,111.82. Dominica ranks 120 out of 123 countries in this statistic.

Summary

In summary, Dominica exhibits a relatively low total debt service as a percentage of GNI compared to the global average, indicating a manageable debt burden. However, the country faces challenges with higher public and publicly guaranteed debt service relative to its income. Dominica also maintains lower levels of external debt stocks compared to the average, suggesting a more sustainable debt profile.

These statistics are crucial as they provide insights into Dominica's debt sustainability, fiscal responsibility, and ability to meet its debt obligations. Monitoring these indicators can help policymakers make informed decisions to manage the country's debt effectively and ensure long-term economic stability.

Broad Trade Attributes

- Dominica's merchandise trade accounts for 45.42% of its GDP, which is below the average of 60.01%. The country is ranked 112th out of 186 countries in this attribute.
- Dominica's trade in services represents 38.78% of its GDP, surpassing the average of 24.63%. The country holds the 23rd rank out of 171 included countries for this statistic.

Summary

Dominica's strong performance in trade in services, surpassing the global average and securing a high ranking, indicates a diversified economy with a competitive services sector. However, the country's merchandise trade, while still significant, falls below the global average, suggesting potential room for growth and development in this area to further boost economic output and competitiveness.

Net Trade

1. Current account balance (BoP, current US$): Dominica has a current account balance of -178,700,218.62, which is significantly below the attribute average of $1,443,864,831.49. This places Dominica at rank 84 out of 170 countries.

2. Current account balance (% of GDP): Dominica's current account balance as a percentage of GDP is -35.44%, far lower than the average of -2.36%. Dominica ranks 168 out of 170 countries for this indicator.

3. Net trade in goods and services (BoP, current US$): Dominica's net trade in goods and services is -207,959,630.99, showing a deviation from the average by -2,812,689,634.55. Dominica ranks 80 out of 171 countries.

4. Net primary income (BoP, current US$): Dominica's net primary income is $7,221,549.08, considerably higher than the average of -$903,807,529.74. Dominica ranks 45 out of 170 countries.

5. Net secondary income (BoP, current US$): Dominica's net secondary income is $22,037,863.28, surpassing the average of -$269,227,340.40. This places Dominica at rank 115 out of 170 countries.

6. Net trade in goods (BoP, current US$): Dominica's net trade in goods is -172,156,988.67, below the average of $1,302,831,005.68. Dominica ranks 76 out of 171 countries for this metric.

7. Net capital account (BoP, current US$): Dominica's net capital account is $102,044,338.74, slightly below the average of $136,543,824.75. Dominica is ranked 67 out of 159 countries.

8. Net financial account (BoP, current US$): Dominica's net financial account stands at -$40,190,314.68, significantly higher than the average of -$469,840,994.63. Dominica ranks 75 out of 170 countries in this category.

Summary

Dominica's macroeconomic indicators paint a challenging picture, with consistently negative values across various categories such as current account balance, net trade in goods, and net financial account. These rankings signify that Dominica faces significant challenges in terms of its trade balance, income flow, and overall financial stability. Addressing these imbalances is crucial for sustaining economic growth, attracting investments, and ensuring long-term financial sustainability for the country.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Dominica's export value is $106,250,169.84, which is significantly below the average of $146,238,908,936.30. Dominica ranks 167th out of 170 countries in this attribute data.

2. Exports of goods and services (BoP, current US$): Dominica's export value is $95,366,374.64, also notably below the average of $122,938,540,059.78. The country is ranked 165th out of 170 countries in this data set.

3. Goods exports (BoP, current US$): Dominica's goods export value is $15,488,131.56, significantly lower than the average of $93,310,581,697.39. The country holds the 168th rank out of 171 countries in this attribute data.

Summary

Dominica's export performance in goods, services, and primary income is notably weak, with values below global averages, and the country ranking low in comparison to its peers. This indicates a significant gap in Dominica's trade competitiveness and economic resilience. Addressing this issue is crucial for improving the country's economic growth, diversification, and sustainability.

Merchandise Exports

Analysis of key export statistics for Dominica:

1. Merchandise exports (current US$): Despite Dominica's focus country value of $16,000,000 being significantly below the attribute average of $89,542,711,229.95, it ranks 183 out of 187 countries in the dataset.

2. Agricultural raw materials exports (% of merchandise exports): Dominica's export percentage of 0.023% is much lower than the average of 2.97%. Its rank is 144 out of 151 countries.

3. Food exports (% of merchandise exports): With a value of 32.41%, Dominica outperforms the average of 24.06%, ranking at 37 out of 152 countries.

4. Fuel exports (% of merchandise exports): Dominica's low export percentage of 0.04% contrasts sharply with the average of 13.70%, placing it at 132 out of 147 countries.

5. Ores and metals exports (% of merchandise exports): Dominica's value of 2.15% is below the average of 9.10%, and it ranks 95 out of 152 countries.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Dominica's value of 3.83% is above the average of 3.20%, positioning it at rank 26 out of 166 countries.

Summary

Despite Dominica's lower than average merchandise export value, it shows strengths in food exports, performing above the average percentage. However, the country lags behind in fuel and ores/metals exports compared to the global average. Dominica's ability to diversify its export base away from traditional sectors like fuel and towards stronger sectors like food can help enhance its economic resilience and competitiveness in the global market.

Technology Exports

Manufactures exports (% of merchandise exports): Dominica's value of 65.37% is above the average of 42.62%. It ranks 51 out of 152 countries in this attribute data.

High-technology exports (current US$): Dominica's export value of $145,604 is significantly below the average of $16,655,934,078.80. It ranks 143 out of 151 countries in this attribute data.

High-technology exports (% of manufactured exports): Dominica's value of 1.69% is below the average of 10.15%. It ranks 123 out of 150 countries in this attribute data.

Summary

Dominica has a strong focus on manufacturing, with a high percentage of its exports coming from this sector. However, the country lags behind in high-technology exports both in terms of value and proportion relative to its overall manufactured exports. This indicates a potential need for diversification and technological advancement in Dominica's export industry to enhance competitiveness and tap into higher value export markets.

Service Exports

Dominica's Service exports (BoP) amount to $79,878,243.08, significantly below the average of $28,917,292,503.82, ranking 157 out of 171 countries in the dataset.
The country's ICT service exports (BoP) are $10,897,883.75, below the average of $4,578,501,153.77, placing Dominica at rank 135 out of 166 countries.
Dominica's ICT service exports (% of service exports, BoP) stand at 13.64%, above the average of 11.75%, ranking 49 out of 166 countries.
In Communications, computer, etc. (% of service exports, BoP), Dominica performs at 54.61%, surpassing the average of 45.85%, at rank 62 out of 169 countries.
The country's Transport services (% of service exports, BoP) represent only 0.98%, significantly below the average of 21.80%, ranking 162 out of 169 countries.
Dominica's Travel services (% of service exports, BoP) account for 37.57%, above the average of 26.40%, placing the country at rank 45 out of 167 countries.
In Insurance and financial services (% of service exports, BoP), Dominica records 6.84%, slightly higher than the average of 6.46%, ranking 50 out of 161 countries.

Summary

Domincia's service exports, particularly in ICT, communications, and travel sectors, show strengths compared to global averages, with ICT service exports and communications services standing out. However, the country lags behind in transport services. These indicators are important as they reflect Dominica's relative competitiveness and specialization in key service export sectors, which can drive economic growth, job creation, and foreign exchange earnings.

Commercial Service Exports

Commercial service exports (current US$): Dominica's commercial service exports are significantly below the attribute average. With a value of 76921037.12, Dominica ranks 158 out of 171 countries in the dataset.

Travel services (% of commercial service exports): Dominica's travel services as a percentage of commercial service exports are above the attribute average. At 39.01%, Dominica ranks 47 out of 167 countries in the dataset.

Computer, communications and other services (% of commercial service exports): Dominica's computer, communications, and other services as a percentage of commercial service exports are also above the attribute average. At 52.87%, Dominica ranks 61 out of 169 countries in the dataset.

Insurance and financial services (% of commercial service exports): Dominica's insurance and financial services as a percentage of commercial service exports are slightly above the attribute average. With a value of 7.10%, Dominica ranks 51 out of 161 countries in the dataset.

Transport services (% of commercial service exports): Dominica's transport services as a percentage of commercial service exports are significantly below the attribute average. At 1.02%, Dominica ranks 162 out of 169 countries in the dataset.

Summary

Dominica's commercial service exports are characterized by a mix of strengths and weaknesses. The country excels in travel services and computer, communications, and other services, ranking above average in both categories. However, Dominica lags behind in transport services, with a percentage well below the average. Understanding these dynamics is crucial for policymakers as it highlights areas for potential growth and improvement in Dominica's service export sector.

Broad Import Attributes

1. International tourism expenditures in Dominica account for 2.97% of total imports, slightly below the average of 3.98%. Dominica ranks 67th out of 131 countries in this regard.

2. Dominica's goods imports amount to $187.65 million, significantly lower than the average of $92.01 billion. This places Dominica at a low rank of 167 out of 171 countries.

3. The country's imports of goods and services stand at $303.33 million, well below the average of $120.32 billion. Dominica's rank is 166 out of 170 countries.

4. Dominica's imports of goods, services, and primary income reach $306.99 million, considerably beneath the average of $144.51 billion. Dominica ranks 166 out of 170 countries in this category.

Summary

Dominica's international tourism expenditures, goods imports, imports of goods and services, and imports of goods, services, and primary income are all significantly below global averages, placing the country at low ranks compared to other nations. These statistics indicate that Dominica has a limited economic footprint in terms of spending on international tourism and importing goods and services. This could reflect challenges in economic diversification, limited domestic production capacity, and potential reliance on external aid or remittances for sustenance.

Merchandise Imports

1. Dominica's merchandise imports amount to $213,000,000, which is significantly below the average of $89,385,605,263. The country is ranked 184 out of 190 countries in this category.

2. Manufactures imports account for 64.30% of Dominica's merchandise imports, slightly below the average of 66.76%. Dominica ranks 98 out of 152 countries in this aspect.

3. Dominica's agricultural raw materials imports make up 0.79% of its merchandise imports, lower than the average of 1.27%. The country ranks 113 out of 152 nations considered.

4. Food imports represent 26.51% of Dominica's merchandise imports, higher than the average of 15.89%. The country is ranked 15 out of 152 countries in this area.

5. Fuel imports constitute 7.75% of Dominica's merchandise imports, below the average of 11.38%. Dominica ranks 107 out of 152 countries in fuel imports.

6. Ores and metals imports make up 0.65% of Dominica's merchandise imports, significantly lower than the average of 2.57%. The country is ranked 131 out of 152 nations for ores and metals imports.

7. Dominica's residual merchandise imports by the reporting economy stand at 1.29%, below the average of 2.51%. This places Dominica at rank 57 out of 180 countries in this aspect.

Summary

Dominica's import profile is characterized by a higher proportion of food imports and lower shares for manufactures, ores and metals, and fuel imports compared to global averages. This signifies a heavy reliance on imported food products and a limited diversity in its import base, which could pose risks to food security and economic resilience, highlighting the need for policies to diversify the country's import sources and boost domestic production capabilities.

Service Imports

Service imports (BoP, current US$): Dominica's value for service imports is significantly below the average of $27.6 billion. With a rank of 162 out of 171 countries, Dominica has limited service imports compared to its peers.

Communications, computer, etc. (% of service imports, BoP): Dominica's percentage for communications, computer, etc. in service imports is above the average of 44.4%. Ranked 37 out of 169 countries, Dominica has a relatively higher focus on these services compared to other nations.

Transport services (% of service imports, BoP): Dominica's allocation towards transport services in service imports is below the average of 32.9%. At a rank of 126 out of 169 countries, Dominica has a relatively lower reliance on transport services in its imports.

Travel services (% of service imports, BoP): Dominica's focus on travel services in service imports is below the average of 14.1%. Ranked 133 out of 169 countries, Dominica has a lesser emphasis on travel services compared to the average.

Insurance and financial services (% of service imports, BoP): Dominica's emphasis on insurance and financial services in service imports is notably above the average of 8.5%. With a rank of 28 out of 169 countries, Dominica shows a higher inclination towards these services in its import portfolio.

Summary

Dominica's macroeconomic indicators reveal a unique trade profile, with a significant focus on communications, computer, insurance, and financial services in its import mix. This specialization sets Dominica apart from its peers, showcasing a strategic emphasis on high-value services over traditional sectors like transport and travel. Such a strategic import composition can indicate a deliberate economic development strategy geared towards knowledge-intensive industries and financial services, potentially fostering innovation and attracting foreign investment.

Commercial Service Imports

For Commercial Service Imports (current US$), Dominica's value of $115,664,278.13 is significantly below the average of $27,102,746,128.60. Dominica ranks 162 out of 171 countries in this category.

Computer, Communications, and Other Services (% of Commercial Service Imports) in Dominica stand at 59.61%, which is above the average of 41.71%. Dominica ranks 31 out of 169 countries.

Insurance and Financial Services (% of Commercial Service Imports) in Dominica are at 14.58%, higher than the average of 8.85%. Dominica ranks 28 out of 169 countries.

Transport Services (% of Commercial Service Imports) contribute 20.60% in Dominica, below the average of 34.71%. Dominica ranks 128 out of 169 countries.

Travel Services (% of Commercial Service Imports) represent 5.21% in Dominica, lower than the average of 14.73%. Dominica ranks 135 out of 169 countries.

Summary

Dominica has a significantly lower value of commercial service imports compared to the global average, ranking 162 out of 171 countries. However, the country shows strengths in areas such as Computer, Communications, and Other Services as well as Insurance and Financial Services, where it ranks 31 and 28 respectively. These indicators are crucial as they reflect Dominica's specialization in certain service sectors and its competitiveness in the global market, highlighting areas where the country excels and areas that may require further development to enhance its overall economic performance.

Infrastructure

1. Container port traffic (TEU: 20 foot equivalent units): Dominica's container port traffic is 7401 TEU, significantly below the attribute average of 6907110. Dominica is ranked 110 out of 110 countries in this dataset.

Summary

Dominica's container port traffic is notably low compared to the global average, ranking at the bottom of the dataset. This indicates limited international trade activity and connectivity, which can hinder economic growth opportunities through trade, investment, and exchange of goods with other countries. Improving container port traffic is crucial for enhancing Dominica's economic competitiveness and integration into the global market.

Information Technology Infrastructure

Analysis of key statistics for Dominica:

1. Secure Internet servers: Dominica has 3,378 secure internet servers, much lower than the average of 458,294. Dominica ranks 88 out of 193 countries in this category.

2. Secure Internet servers (per 1 million people): With 46,919 secure internet servers per 1 million people, Dominica significantly exceeds the average of 14,067. Dominica ranks 19 out of 193 countries.

3. Individuals using the Internet (% of population): At 77.07%, Dominica's internet usage rate is higher than the average of 64.77%. Dominica ranks 77 out of 180 countries.

4. Fixed broadband subscriptions: Dominica has 18,286 fixed broadband subscriptions, notably lower than the average of 6,591,956. Dominica ranks 157 out of 185 countries.

5. Mobile cellular subscriptions: Dominica has 74,607 mobile cellular subscriptions, much lower than the average of 42,526,464. Dominica ranks 181 out of 193 countries in this category.

Summary

Despite its small size and population, Dominica has a high concentration of secure internet servers, surpassing the global average by a significant margin. The country also exhibits a relatively high rate of internet usage among its population. However, Dominica lags behind in fixed broadband and mobile cellular subscriptions compared to global averages.

These statistics are crucial indicators of Dominica's connectivity and digital infrastructure. The high number of secure internet servers demonstrates a strong foundation for digital security and potential for online services. The high internet usage rate suggests a digitally engaged population. However, the lower uptake of fixed broadband and mobile subscriptions may indicate challenges in access or affordability, which are essential for economic development in the digital age.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption), Dominica's value is 8.31%, which is significantly below the attribute average of 32.18%. Dominica is ranked 153 out of 191 countries in this dataset.

For CO2 emissions (kt), Dominica emits 162.8kt, notably lower than the attribute average of 171895.94kt. Dominica holds the 179th position out of 188 countries in terms of CO2 emissions.

Summary

Dominica lags behind in renewable energy consumption, with only 8.31% of its total final energy consumption coming from renewable sources, well below the global average of 32.18%. Additionally, its low CO2 emissions of 162.8kt, compared to the average of 171895.94kt, position Dominica as a minor contributor to global carbon emissions, ranking 179th out of 188 countries. These statistics are crucial as they indicate Dominica's need to diversify its energy sources towards renewables for sustainability and contribute more significantly to global efforts in reducing carbon emissions.

Government Balance Sheet

- Dominica's total reserves account for 50.39% of its total external debt, which is below the average of 66.13%. Dominica ranks 34th out of 102 countries in this attribute.
- Dominica holds reserves and related items worth -2806904.49 USD, significantly below the average of 1924407186.58 USD. Dominica ranks 99th out of 171 countries.
- The country's total reserves minus gold amount to 165824163.31 USD, notably below the average of 74221588171.61 USD. Dominica ranks 158th out of 161 countries.
- Dominica's total reserves, including gold, stand at 165824163.31 USD, which is below the average of 85708019773.47 USD. The country ranks 158th out of 161 countries.
- Dominica's total reserves in months of imports are 6.48, slightly lower than the average of 7.10 months. The country ranks 63rd out of 151 countries in this aspect.

Summary

Dominica's total reserves fall below the global average across various indicators, such as reserves relative to external debt, total reserves value, reserves minus gold, total reserves including gold, and reserves in months of imports. These findings are crucial as they indicate that Dominica may face challenges in handling external debt obligations, maintaining adequate reserves for economic stability, and ensuring sufficient reserves for importing essential goods and services.

Taxes

For Tariff rate, applied, Dominica has a rate of 7.84%, which is above the attribute average of 5.21%. Dominica is ranked 44th out of 153 countries in this attribute.

Summary

Dominica's applied tariff rate of 7.84% places it above the global average of 5.21%, ranking the country 44th out of 153 nations in this indicator. This higher tariff rate indicates that Dominica may have trade policies that aim to protect domestic industries or generate revenue through import taxes, potentially impacting its trade dynamics with other countries and influencing its economic development.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 15-64 (% of total population) 17/194
Food imports (% of merchandise imports) 15/152
Secure Internet servers (per 1 million people) 19/193

Ranks in Bottom Decile For:

Attribute Rank/Total
Population, total 185/194
Population ages 0-14, total 185/194
Population ages 15-64, total 185/194
Population ages 65 and above, total 185/194
Rural population 183/190
Urban population 178/194
Age dependency ratio (% of working-age population) 178/194
Land under cereal production (hectares) 167/174
Renewable internal freshwater resources, total (billion cubic meters) 168/178
Cereal production (metric tons) 171/174
Aquaculture production (metric tons) 180/180
Capture fisheries production (metric tons) 176/190
Total fisheries production (metric tons) 178/182
Patent applications, nonresidents 124/129
Trademark applications, nonresident, by count 128/130
Trademark applications, resident, by count 129/129
Scientific and technical journal articles 183/192
Charges for the use of intellectual property, payments (BoP, current US$) 137/143
Charges for the use of intellectual property, receipts (BoP, current US$) 122/122
GDP (current US$) 182/189
GDP, PPP (current international $) 174/181
GNI (current US$) 179/185
GNI, PPP (current international $) 174/181
Gross value added at basic prices (GVA) (current US$) 171/176
Agriculture, forestry, and fishing, value added (current US$) 170/182
Services, value added (current US$) 178/183
Industry (including construction), value added (current US$) 179/183
Manufacturing, value added (current US$) 169/173
Manufacturing, value added (% of GDP) 163/173
Inflation, consumer prices (annual %) 151/165
Broad money growth (annual %) 138/139
Debt service on external debt, total (TDS, current US$) 113/123
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) 119/123
External debt stocks, total (DOD, current US$) 120/123
Current account balance (% of GDP) 168/170
Exports of goods, services and primary income (BoP, current US$) 167/170
Exports of goods and services (BoP, current US$) 165/170
Goods exports (BoP, current US$) 168/171
Merchandise exports (current US$) 183/187
Agricultural raw materials exports (% of merchandise exports) 144/151
High-technology exports (current US$) 143/151
Service exports (BoP, current US$) 157/171
Transport services (% of service exports, BoP) 162/169
Commercial service exports (current US$) 158/171
Transport services (% of commercial service exports) 162/169
Goods imports (BoP, current US$) 167/171
Imports of goods and services (BoP, current US$) 166/170
Imports of goods, services and primary income (BoP, current US$) 166/170
Merchandise imports (current US$) 184/190
Service imports (BoP, current US$) 162/171
Commercial service imports (current US$) 162/171
Container port traffic (TEU: 20 foot equivalent units) 110/110
Mobile cellular subscriptions 181/193
CO2 emissions (kt) 179/188
Total reserves minus gold (current US$) 158/161
Total reserves (includes gold, current US$) 158/161