National Debt (% of GDP): Dominica

Analysis# Dominica National Debt (% of GDP) Dominica's national debt stands at 92.5% of GDP in 2026, reflecting substantial progress from its all-time peak of 112.5% in 2020. The current level remains significantly elevated compared to the 1990 baseline, representing a 71 percentage-point increase over 36 years. However, the trend since 1997's low of 47.7% reveals a long-term deterioration in fiscal position, with debt nearly doubling in the intervening decades. The sharp spike in 2020 coincided with the global pandemic's economic shock, which forced borrowing for pandemic relief and recovery measures. Since that peak, Dominica has pursued consistent debt reduction, declining steadily through 2026. The projected continuation of this downward trajectory suggests stabilization efforts are gaining traction, though the debt-to-GDP ratio remains at historically elevated levels compared to the pre-2008 era.