Gross Domestic Product Per Capita for Dominica
PCAGDPDMA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,405.28
Year-over-Year Change
38.21%
Date Range
1/1/1977 - 1/1/2024
Summary
The Gross Domestic Product Per Capita for Dominica measures the total economic output of the country divided by its population. This metric is widely used by economists and policymakers to assess a country's economic development and standard of living.
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
The GDP Per Capita statistic represents the average value of all goods and services produced within Dominica in a given year, divided by the country's total population. It is a key indicator of economic well-being and productivity that allows for international comparisons of national wealth.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
GDP per capita is a vital economic indicator used by governments, international organizations, and financial markets to evaluate a country's economic performance and progress.
Key Facts
- Dominica's GDP per capita was $7,413 in 2021.
- GDP per capita growth in Dominica averaged 1.1% from 2000-2021.
- Dominica's GDP per capita ranks 117th globally as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product Per Capita for Dominica measures the total economic output of the country divided by its population, providing an indicator of national wealth and productivity.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric that allows economists and policymakers to assess a country's economic development, standard of living, and productivity compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics for Dominica.
Q: How is this trend used in economic policy?
A: GDP per capita is a vital economic indicator used by governments, international organizations, and financial markets to evaluate a country's economic performance and progress.
Q: Are there update delays or limitations?
A: The GDP per capita data for Dominica is published annually by the World Bank with a delay of approximately one year.
Related Trends
Fiscal Year Gross Domestic Product for Dominica
DMANGDPFY
Number of Identified Exporters to Dominica from Idaho
IDDMAA475SCEN
Value of Exports to Dominica from Oklahoma
OKDMAA052SCEN
Number of Identified Exporters to Dominica from Missouri
MODMAA475SCEN
Private Credit by Deposit Money Banks to GDP for Dominica
DDDI01DMA156NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Dominica
DMAFCAANUM
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Dominica (PCAGDPDMA646NWDB), retrieved from FRED.