Dominica

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.

Economical characteristics

• Currency: East Caribbean dollar (ISO code: XCD)
• Central bank discount rate: 6.5% (31 December 2008)
• Commercial banks lending rate: 9.06% (31 December 2008)
• Stock of money (M1): $72.1 million (31 December 2008)
• Quasi money (with M1 makes M2): $289.9 million (31 December 2008)

Statistics

Statistic / Year	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
GDP (million USD)	268	271	266	255	263	273	299	317	341	357
Govt. debt (% of GDP)
Govt. revenue (% of GDP)
Govt. expenses (% of GDP)
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.

External links

• Dominica on Wikipedia
• Central bank of Dominica
• Studies from the Library of Congress (1986-1998)
• BBC country profile