Dominica recorded 4.5% economic growth in 2025 and is projected to grow 3.1% in 2026, outperforming IMF and ECCU forecasts.
Dominica: The Government of Dominica has announced that the country's economy grew by 4.5 per cent in 2025 and is projected to expand by 3.1 per cent in 2026. In both years, the country's economic performance exceeded the growth forecasts of the International Monetary Fund (IMF) and the Eastern Caribbean Currency Union (ECCU), reflecting continued resilience and steady economic progress.
This announcement was made by the Minister for Finance, Economic Development, Climate Resilience and Social Security, Dr. Irving McIntyre, during his presentation of the 2026/2027 National Budget in the House of Assembly on Tuesday, August 4, 2026.
During his address, the Minister of Finance began by first unveiling Dominica’s 2026/2027 Budget theme, announcing it to be: "Protecting Our Progress, Strengthening Our Independence, and Securing Our Future."
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Dr. McIntyre then reported that the island achieved a 4.5 per cent economic growth in the year 2025, a significant milestone for the country as it surpassed last year’s record of 3.5 per cent growth. Mclntyre informed that according to the International Monetary Fund’s data published in July 2026, the global economy was expected to grow by 3.5 per cent in 2025 while the Eastern Caribbean Currency Union was estimated to grow at 3 per cent, according to the Eastern Caribbean Central Bank (ECCB).
He shared that Dominica has surpassed both global and ECCU averages with its 1 per cent acceleration from 2024 to 2025.
The performance of our economy shows that the strategy we have pursued is producing results and giving the country greater room to protect essential services and prepare for future shocks, explained the Finance Minister.
Dr. Irving McIntyre has attributed the country’s strong performance to an 18.3% increase in visitor arrivals, which influenced construction, retail and trade.
Moreover, the Minister noted that inflation in the Nature Island had eased from 3.1 per cent in 2024 to 2.3 per cent in 2025 despite the ongoing oil price shocks and trade policy uncertainty, adding that the 2.3 per cent is below average for both the IMF (4.1 per cent) and ECCU’s (2.5 per cent) projections.
In 2026, Dominica’s economy is projected to grow by 3.1 per cent, surpassing the growth rates of both the global economy and the ECCU, each forecast to expand by 3 per cent.