The IMF forecasts a 4.5% growth rate for Dominica in the 2024/25 period, with the economic outlook remaining optimistic.

The International Monetary Fund (IMF) forecasts an average growth rate of 4.5% for Dominica in 2024-2025.

According to the Staff Concluding Statement from the 2024 Article IV Mission conducted in Dominica from March 5-14, the IMF credits the projected growth to the recovery of stayover tourism to pre-pandemic levels, efforts to expand agriculture, and progress made in priority infrastructure projects.

"The outlook remains positive, predicated on the full recovery of stayover arrivals, implementation of key investment plans, and prudent fiscal management.

“Inflation is projected to converge to 2 percent consistent with trading partner dynamics. The transition to geothermal production, the new airport and hotel projects to expand tourism capacity, and projects to bolster resilient infrastructure are expected to yield long-term growth dividends and reduce external imbalances,” the report stated.