CIA Factbook The World Factbook 1994: DominicaEconomy Overview: The economy is dependent on agriculture and thus is highly vulnerable to climatic conditions. Agriculture accounts for about 30% of GDP and employs 40% of the labor force. Principal products include bananas, citrus, mangoes, root crops, and coconuts. Development of the tourist industry remains difficult because of the rugged coastline and the lack of an international airport. National product: GDP—purchasing power equivalent—$185 million (1992 est.) National product real growth rate: 2.6% (1992 est.) National product per capita: $2,100 (1992 est.) Inflation rate (consumer prices): 5.2% (1992 est.) Unemployment rate: 15% (1992 est.) Budget: • revenues: $70 million • expenditures: $84 million, including capital expenditures of $26 million (FY91 est.) Exports: $54.6 million (1992) • commodities: bananas, soap, bay oil, vegetables, grapefruit, oranges • partners: UK 50%, CARICOM countries, Italy, US Imports: $97.5 million (1992) • commodities: manufactured goods, machinery and equipment, food, chemicals • partners: US 25%, CARICOM, UK, Canada External debt: $92.8 million (1992) Industrial production: growth rate 4.2% (1992); accounts for 7% of GDP Electricity: • capacity: 7,000 kW • production: 16 million kWh • consumption per capita: 185 kWh (1992) Industries: soap, coconut oil, tourism, copra, furniture, cement blocks, shoes Agriculture: accounts for 30% of GDP; principal crops—bananas, citrus, mangoes, root crops, coconuts; bananas provide the bulk of export earnings; forestry and fisheries potential not exploited Illicit drugs: transshipment point for cocaine and marijuana bound for the US and Europe Economic aid: • recipient: Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $120 million Currency: 1 EC dollar (EC$)=100 cents Exchange rates: East Caribbean dollars (EC$) per US$1—2.70 (fixed rate since 1976) Fiscal year: 1 July–30 June