Fiscal Year Gross Domestic Product for Dominica
DMANGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,101,948,400.00
Year-over-Year Change
57.59%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product (GDP) for Dominica is a key economic indicator that measures the total value of goods and services produced in the country over a fiscal year period. It is a widely used metric for evaluating the overall health and performance of Dominica's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity and is used by policymakers, analysts, and investors to assess the size and growth of an economy. The Fiscal Year GDP for Dominica specifically captures the country's economic output over its fiscal year calendar, which may differ from the calendar year.
Methodology
The data is collected and calculated by the Dominica Central Statistical Office based on surveys, administrative records, and other sources.
Historical Context
Fiscal Year GDP is an important benchmark for understanding Dominica's economic trends and informing policy decisions.
Key Facts
- Dominica is a small island nation in the Caribbean.
- GDP is Dominica's primary economic indicator.
- Fiscal Year GDP data is updated annually.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product (GDP) for Dominica measures the total value of goods and services produced in the country over its fiscal year period.
Q: Why is this trend relevant for users or analysts?
A: Fiscal Year GDP is a widely used metric for evaluating the overall health and performance of Dominica's economy, and it informs policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Dominica Central Statistical Office based on surveys, administrative records, and other sources.
Q: How is this trend used in economic policy?
A: Fiscal Year GDP is an important benchmark for understanding Dominica's economic trends and informing policy decisions.
Q: Are there update delays or limitations?
A: The Fiscal Year GDP data for Dominica is updated annually.
Related Trends
Value of Exports to Dominica from Georgia
GADMAA052SCEN
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Dominica
DDDI04DMA156NWDB
Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Dominica
DMAFCLODCHGGDPPT
Value of Exports to Dominica from Pennsylvania
PADMAA052SCEN
Number of Bank Branches for Dominica
DDAI02DMA643NWDB
Number of Identified Exporters to Dominica from Alabama
ALDMAA475SCEN
Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Dominica (DMANGDPFY), retrieved from FRED.