About Our Company

About Our CompanyDominica Properties Real Estate Limited is a highly motivated Real Estate Company managed by energetic and vibrant professionals. An intense desire to please our customers, coupled with being quick movers for sale of properties, captures the essence of our very being... Read More

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Our Contact Details

Address: P.O. Box 1063
GPO Roseau
Commonwealth of Dominica

Telephone: (767) 276-4472
Fax: (767) 448-5559

Email: dominica_properties@live.com

Economic Profile of Dominica

In previous years, the economy of Dominica has been dependent on agriculture – primarily bananas. It has been increasingly driven by tourism as the government of Dominica seeks to promote Dominica as an “ecotourism” destination. The government is also making efforts to develop an offshore financial sector for the purpose of expanding the Dominica’s production base, and in order to develop geothermal energy resources, has signed an agreement with the European Union (EU).

Currency:

Eastern Caribbean (EC) (XCD) dollars- a regional currency shared among members of the Eastern Caribbean Currency Union (ECCU). It is issued by he Eastern Caribbean Central Bank (ECCB), which manages monetary policy, and controls and oversees commercial banking activities in its member countries. The ECCB has kept the EC$ pegged at EC$2.7=U.S. $1.

Beneficiary Groups:

  • Dominica belongs to the predominantly English-speaking Caribbean Community and Common Market (CARICOM), the CARICOM Single Market and Economy (CSME), and the Organization of Eastern Caribbean States (OECS).
  • Dominica is also a recipient of the US Caribbean Basin Initiative that permits duty free entry into the USA for many goods.

Agriculture – products:

bananas, citrus, mangoes, root crops, coconuts, cocoa
note: forest and fishery potential not exploited

Industries:

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

Exports – commodities:

bananas, soap, bay oil, vegetables, grapefruit, oranges

Exports – partners:

Japan 33.5%, China 17.9%, Antigua and Barbuda 6.8%, Guyana 5.7%, Jamaica 4.7%, UK 4.7% (2008 census)

Imports – commodities:

manufactured goods, machinery and equipment, food, chemicals

Imports – partners:

Japan 42.9%, USA 16.8%, China 12%, Trinidad and Tobago 8.4% (2008 census)