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Dominica Directory
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caricom economy
KINGSTOWN, St. Vincent: A Senior Caribbean Community (CARICOM) official has assured entrepreneurs, agriculture policymakers, representatives of non-governmental organisations, and farmers’ groups that despite constraints, CARICOM is focusing on the ...
Senior CARICOM official says agriculture is moving speedily - Caribbean Net News
GEORGETOWN, Guyana: The East African Community delegation, which was on a study tour at the Caribbean Community (CARICOM) Secretariat, left for Bridgetown, Barbados, where they will hold discussions with the CARICOM Single Market and Economy (CSME ...
East African Community delegation departs after discussions with ... - Caribbean Net News
Notwithstanding a decision by the meeting of Heads of Government of the African, Caribbean and Pacific (ACP) group in Ghana on October 2nd and 3rd to appoint a troika to “engage in high-level consultations” on the Economic Partnership Agreement ...
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Dominica Economy
Economy overview: The economy is dependent on agriculture and thus
is highly vulnerable to climatic conditions, notably tropical
storms. Agriculture, primarily bananas, accounts for 26% of GDP
and employs 40% of the labor force. Development of the tourist
industry remains difficult because of the rugged coastline, lack
of beaches, and the lack of an international airport. Hurricane
Luis devastated the country's banana crop in September 1995; tropical
storms had wiped out one-quarter of the crop in 1994 as well.
The government is attempting to develop an offshore financial
industry in order to diversify the island's production base.
GDP: purchasing
power parity $208 million (1996 est.)
GDP real growth
rate: 3.7% (1996 est.)
GDP per capita: purchasing power parity $2,500 (1996 est.)
GDP composition
by sector:
agriculture: 26%
industry: NA%
services: NA% (1995)
Inflation rate consumer
price index: 1.7% (1996)
Labor force:
total: 25,000
by occupation: agriculture 40%, industry and commerce 32%,
services 28% (1984)
Unemployment rate: 15% (1992 est.)
Budget:
revenues: $77 million
expenditures: $78 million, including capital expenditures
of $22 million (FY95/96)
Industries: soap, coconut oil, tourism, copra, furniture, cement
blocks, shoes
Industrial production
growth rate: -0.4% (1996 est.)
Electricity capacity: 8,000 kW (1995)
Electricity production: 37 million kWh (1995)
Electricity consumption
per capita: 448 kWh (1995)
Agriculture products: bananas, citrus, mangoes, root crops, coconuts;
forestry and fisheries potential not exploited
Exports:
total value: $51.8
million (f.o.b., 1996)
commodities: bananas 50%, soap, bay oil, vegetables, grapefruit,
oranges
partners: Caricom countries 47%, UK 36%, US 7% (1996 est.)
Imports:
total value: $98.1
million (f.o.b., 1996)
commodities: manufactured goods, machinery and equipment,
food, chemicals
partners: US 41%, Caricom 25%, UK 13%, Netherlands, Canada
Debt external: $110 million (1996 est.)
Economic aid:
recipient: ODA, $NA
Currency: 1
EC dollar (EC$) = 100 cents
Exchange rates: East Caribbean dollars (EC$) per US$1 2.7000 (fixed
rate since 1976)
Fiscal year: 1 July 30 June
©
CIA 1999
When
dialing from outside Dominica dial 1 plus the area code (809) plus the
local 7 digit number
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