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Revision as of 08:24, 6 November 2010
Dominica was the last of the Caribbean islands to be colonized by Europeans due chiefly to the fierce resistance of the native Caribs. France ceded possession to Great Britain in 1763, which made the island a colony in 1805. In 1980, two years after independence, Dominica's fortunes improved when a corrupt and tyrannical administration was replaced by that of Mary Eugenia CHARLES, the first female prime minister in the Caribbean, who remained in office for 15 years. Some 3,000 Carib Indians still living on Dominica are the only pre-Columbian population remaining in the eastern Caribbean.[1]
Economical characteristics
- Currency: East Caribbean dollar (ISO code: XCD)
- Central bank discount rate: 6.5% (31 December 2008)[1]
- Commercial banks lending rate: 9.06% (31 December 2008)[1]
- Stock of money (M1): $72.1 million (31 December 2008)[1]
- Quasi money (with M1 makes M2): $289.9 million (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 268 | 271 | 266 | 255 | 263 | 273 | 299 | 317 | 341 | 357 |
| Govt. debt (% of GDP)[3] | ||||||||||
| Govt. revenue (% of GDP)[4] | ||||||||||
| Govt. expenses (% of GDP)[5] | ||||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_DM - ↑ World Bank. "Dominica: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Dominica: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Dominica: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Dominica: government expenses", from World Bank Data. Referenced 2010-09-30.
External links
- Dominica on Wikipedia
- Central bank of Dominica
- Studies from the Library of Congress (1986-1998)
- BBC country profile