Dominica's debt service to exports (%) was 23.71% in 2024, the latest year in the World Bank's World Development Indicators. That is up 16.55 percentage points from 7.16% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 23.71% | 2024 |
| Five years earlier | 12.22% | 2019 |
| Ten years earlier | 7.16% | 2014 |
| Highest | 24.39% | 2020 |
| Lowest | 4.89% | 1996 |
| Average since 2015 | 15.98% | 2015–2024 |
| First recorded | 5.63% | 1983 |
What the numbers say
In 2024, Dominica's debt service to exports (%) rose 6.81 percentage points on 2023 (from 16.89% to 23.71%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.32 percentage points and a typical year strayed about 3.45 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 12.17 percentage points in 2020 and the biggest yearly fall was 8.06 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.3 percentage points a year. A straight line explains 55% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Dominica had the 9th highest value of the 100 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Dominica | 23.71% | 2024 |
| Latin America & Caribbean | 9.47% | 2024 |
| Upper middle income | 4.48% | 2024 |
Closest to Dominica in the 2024 ranking
What this measures
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.
All 40 values
| Year | Debt service to exports (%) |
|---|---|
| 2024 | 23.71 |
| 2023 | 16.89 |
| 2022 | 17.05 |
| 2021 | 16.33 |
| 2020 | 24.39 |
| 2019 | 12.22 |
| 2018 | 17.96 |
| 2017 | 12.81 |
| 2016 | 9.82 |
| 2015 | 8.59 |
| 2014 |
Debt service to exports (%) in nearby economies
More economic policy & debt data for Dominica
- Adjusted savings, education expenditure (% of GNI) — 5% (2021)
- Adjusted savings, net forest depletion (current US$) — US$183,256 (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net official development assistance and official aid received (current US$) — US$52.64 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$52.64 million (2023)
- Net official development assistance received (current US$) — US$52.64 million (2023)
- Net official development assistance received (constant 2023 US$) — US$52.64 million (2023)
- Net ODA received per capita (current US$) — US$791.41 (2023)
Reading data like this
Questions people ask
- What is Dominica's debt service to exports (%)?
- 23.71% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1983?
- It is up 18.07 percentage points from 5.63% in 1983. The highest value was 24.39% in 2020 and the lowest 4.89% in 1996.
- How does Dominica rank?
- 9th highest of 100 economies with data for 2024.
- Is the latest change in debt service to exports (%) unusual for Dominica?
- In 2024, Dominica's debt service to exports (%) rose 6.81 percentage points on 2023 (from 16.89% to 23.71%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.32 percentage points and a typical year strayed about 3.45 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.TDS.DPPF.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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