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Economy of Dominica

Dominica is traditionally an agrarian country.

Economy of Dominica
CurrencyEast Caribbean Dollar
International
organizations
WTO
OECS
CARICOM
Statistics
GDP$ 384 million
GDP per capita$ 3800
Inflation ( CPI )-0.1%
Economically active population25 thousand
Unemployment rate23%
Key industries
  • light industry, agriculture, tourism
International trade
Export PartnersUSA, Jamaica, South Korea
Import partnersUSA, China, Trinidad and Tobago, South Korea
Government finance
Government revenues$ 73.9 billion
Government spending$ 84.4 billion

Content

Agriculture

The basis of the country's economy is agriculture. It employs 40% of the working population. Mainly grow vanilla, cinnamon and copra for export, sweet potatoes, cassava (tapioca), bananas. Peaches , nectarines , mangoes , citrus fruits , tapioca , bananas , potatoes , tomatoes , cucumbers , peppers , figs , pears, apples and other vegetables and fruits are cultivated.

Industry

The main industry of the country is pumice and limestone. There are enterprises for the production of soap, furniture and other consumer goods.

Energy

Over half of the electricity is generated at hydropower plants , the rest - at thermal power plants . In 2004, 83.88 million kW of energy was generated.

Transportation

Highways

  • total - 780 km, including
    • with hard surface - 393 km
    • without hard coating - 387

Airports

  • total - 2

Water transport

  • total number of vessels - 48 with a tonnage of 634,688 GW / 1,100,558 dwt
    • bulk carriers - 6
    • dry cargo - 24
    • chemical tankers - 4
    • container ships - 2
    • oil tankers - 6
    • refrigerators - 4
    • rollers - 1
    • Car carriers - 1

Trading

  • Exports: 74 million dollars
  • Exports: bananas, soaps, pumice, citrus fruits, apples, pears, peaches, plums, nectarines, etc.
  • Imports: 234 million dollars
  • Imports: machinery and equipment, food, chemicals

Tourism

 
The capital of Dominica is Roseau

Tourism in Dominica is mainly based on island jungle hiking and cruise ship visits. The tourism business of Dominica, compared to other Caribbean countries, is relatively weak. The rugged terrain, lack of beaches and poor infrastructure for many years hampered its large-scale development. The pace of development of tourism in Dominica is also hampered by the lack of a modern international airport. True, in recent years, Dominica has successfully offered itself as the "Island of the Nature of the Caribbean", thus striving to attract ecotourists interested in landscapes and wildlife. In 1997, the government signed an agreement with Green Globe, the environmental certification program of the World Travel and Tourism Council, with the goal of developing the island as an "exemplary direction of eco-tourism". The three-year program provided technical expertise for environmental management, as well as selling tours to Dominica through specialized travel companies.

At the same time, the government strongly encourages investment in the tourism industry, such as the construction of new hotels, and also makes significant investments in itself, for example, in the infrastructure for receiving cruise ships. A new cruise pier in Prince Rupert's Bay, near Portsmouth, sharply increased the number of ships calling in and opened up new significant tourism-related opportunities for the previously depressed Portsmouth. In 2015, approximately 280,000 foreigners visited Dominica, including 44 Russians, of whom 75,000 are pure tourists, while most of the rest are cruise passengers. In 2011, tourism revenues reached US $ 111 million.

Source - https://ru.wikipedia.org/w/index.php?title=Economy_Dominics&oldid=93456622


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Clever Geek | 2019