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Country name:

conventional long form: Commonwealth of Dominica
conventional short form: Dominica

 

Description:

Dominica is nestled in gleaming Caribbean waters - with Guadeloupe to the north and Martinique to the south - and its rippling terrain is shrouded in emerald rainforest. The island features five volcanoes, and the greenery is protected by several conservation areas including Cabrits National Park and Morn trois Pitons National Park; throughout the island run mountain streams, rivers, lakes and waterfalls, and bursting geysers and bubbling volcanic pools make the scenery even more breathtaking. The rich vegetation of the island's spectacular valleys includes towering palms and orchids, and is home to several endemic animal species, while the coast boasts beaches of both black (volcanic) and golden sand.
 

 

Capital:

Roseau. Population: 14,500 (2005).

 

Location:

Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, about one-half of the way from Puerto Rico to Trinidad and Tobago

 

Area:

751 sq km (290 sq miles)
 

 

Map of Dominica

Population:

70, 400 (2009)

 

Languages:

English is the official language, but French Creole is spoken by most of the population.

 

Economy- Overview:

Vast areas of the island remain under cultivation, with bananas, coconuts, citrus fruits and cocoa the main crops. As the country's prime export sector, the banana industry has suffered market strain since a World Trade Organization outlawed previously enjoyed preferential access to key European markets. To counterbalance any negative impact on economy, the government has made great efforts to diversify the country's pecuniary base. Tourism is seen as the sector with greatest promise, though this has been slower to flourish than in other areas of the Caribbean. The offshore financial services industry has also been actively promoted world-wide. However, in a highly competitive market, success has been limited. At present there is a little light industry producing vegetable oil, canned juices, cigarettes, soap and other consumer goods largely for domestic consumption. Dominica is a member of the Caribbean economic bloc CARICOM and of the Organisation of East Caribbean States.
 

 

Economy:

Vast areas of the island remain under cultivation, with bananas, coconuts, citrus fruits and cocoa the main crops. As the country's prime export sector, the banana industry has suffered market strain since a World Trade Organization outlawed previously enjoyed preferential access to key European markets. To counterbalance any negative impact on economy, the government has made great efforts to diversify the country's pecuniary base. Tourism is seen as the sector with greatest promise, though this has been slower to flourish than in other areas of the Caribbean. The offshore financial services industry has also been actively promoted world-wide. However, in a highly competitive market, success has been limited. At present there is a little light industry producing vegetable oil, canned juices, cigarettes, soap and other consumer goods largely for domestic consumption. Dominica is a member of the Caribbean economic bloc CARICOM and of the Organisation of East Caribbean States.
 

 

Industries:

soap, coconut oil, tourism, copra, furniture, cement blocks, shoes

 

Exports:

Bananas, soap, coconuts, grapefruit and galvanised sheets.

Imports:

Food, live animals, machinery, transport and mineral fuels. Main trade partners: UK, USA, Canada, Japan, Barbados and Guadeloupe.

Exchange rates:

GDP :

US$364 million (2008).
 

 

Useful links:

 

       Ministries & Organization

 

       Trade Association & Chamber of Commerce

 

       Economy and Industry

 

       Trade Fairs

 

       Others

 

 

 

  Copyright By :  Kish Trade Promotion Center  2002