Market Research In Dominica

Dominica Profile:

  • Dominica, officially the Commonwealth of Dominica, is an island republic. And has been nicknamed the “Nature Isle of the Caribbean” for its natural environment.
  • It is the youngest island in the Lesser Antilles, still being formed by geothermal-volcanic activity, as evidenced by the world’s second-largest hot spring, called Boiling Lake.
  • The International Monetary Fund (IMF) recently praised the Government of Dominica for its successful macroeconomic reforms. The IMF also pointed out remaining challenges, including the need for further reductions in public debt, increased financial sector regulation and market diversification.
  • The expected increase of Dominica’s Citizenship by Investment (CBI) fees has been suspended with no implementation date in sight, as announced by Hon. Prime Minister of Dominica, Roosevelt Skerrit, in the 2016 budget speech.
  • Dominica is a beneficiary of the Caribbean Basin Initiative (CBI) that grants duty-free entry into the United States for many goods. Dominica also belongs to the predominantly English-speaking Caribbean Community (CARICOM), the CARICOM Single Market and Economy (CSME), and the Organisation of Eastern Caribbean States (OECS).

Dominica Economy:

  • The Dominican economy has been dependent on agriculture, primarily bananas, in past years, but economy is increasingly been driven by tourism as the government seeks to promote Dominica as an “ecotourism” destination.
  • Dominica’s economy depends on tourism and agriculture. And nearly one-third of the labour force works in agriculture.
  • In order to diversify the island’s economy, the government is also attempting to foster an offshore financial industry and plans to sign agreements with the private sector to develop geothermal energy resources.
  • In 2009 and 2013, the economy contracted as a result of the global recession; growth remains low.
  • The Commonwealth of Dominica is becoming a major international financial centre in recent years.

Dominica Facts:

  • Population:  73,897
  • Capital: Roseau
  • Largest city: Roseau
  • Area: 751 sq km
  • Major language: English (official), French patois
  • Major religion: Roman Catholic 61.4%, Protestant 28.6%, Rastafarian 1.3%, Jehovah’s Witness 1.2%, other 0.3%
  • Life expectancy: 74.2 years (Male), 80.3 years (Female)
  • Monetary unit: 1 East Caribbean Dollar(EC$, XCD) = 100 Cents
  • Main exports: Bananas, soap, bay oil, vegetables, grapefruit, oranges
  • GNI per Capita: $10,640

Our Market Research Services in Dominica:

We Employ A Wide Range of Research Techniques in Dominica:

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