Macro - Country Economic Forecasts - Dominica
We maintain our 2022 GDP growth forecast for Dominica at 8.3% and expect a 3.9% expansion in 2023. The recovery has gained pace this year after the economy was hit by recurrent waves of Covid infections in 2020-2021. In Q1 2022, the most recent period for which official date is available, the number of tourists visiting the island was up to around 40% of the pre-pandemic 2019 level (up 12ppts from Q4 2021). This was in line with our assumed pick-up in travel and tourism, which accounts for as much as a third of Dominica's GDP.
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