Dominica Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Dominica's real effective exchange rate was 93.87 in 2024, ranked 29th globally. This represents a 0.4% increase from 2023. Data from BIS, covering 1979–2024.
Overview
Dominica's real effective exchange rate stood at 93.87 in 2024, a rise of +0.36 from 2023. Based on recent trends, this figure is projected to reach 92.99 by 2025. Dominica ranked 29th globally.
Dominica’s real effective exchange rate (REER) has fallen steadily over the 46‑year series, moving from an early‑period level of 102.88 in 1979 to a 2024 reading of 93.87, which places the island at 29th position globally. The index reached its historical high of 148.13 in 1985, reflecting a period of strong currency appreciation, before sliding to an all‑time low of 93.51 in 2023, the deepest trough in the series. The latest figure of 93.87 is closely aligned with peers such as Tunisia (93.22) and Hungary (93.21), indicating that Dominica’s external competitiveness now mirrors that of other small open economies that have similarly moderated their REERs. The long‑term downward trajectory suggests a gradual loss of price competitiveness, but continued fiscal discipline, tourism‑led growth, and potential diversification of export markets could stabilize or even modestly improve the REER in the coming years.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 92.23 | - | - |
| 2026* trend | 92.61 | - | - |
| 2025* trend | 92.99 | - | - |
| 2024 | 93.87 | +0.36 | #29 |
| 2023 | 93.51 | −0.12 | #27 |
| 2022 | 93.63 | −0.66 | #28 |
| 2021 | 94.29 | −1.09 | #34 |
| 2020 | 95.38 | −0.70 | #31 |
| 2019 | 96.08 | +1.85 | #39 |
| 2018 | 94.23 | −1.93 | #28 |
| 2017 | 96.16 | −1.85 | #41 |
| 2016 | 98.01 | +0.68 | #52 |
| 2015 | 97.33 | +3.24 | #51 |
| 2014 | 94.09 | −0.34 | #22 |
| 2013 | 94.43 | −1.10 | #13 |
| 2012 | 95.53 | +0.37 | #19 |
| 2011 | 95.16 | −4.84 | #11 |
| 2010 | 100.00 | −1.30 | #33 |
Analysis
Dominica's real effective exchange rate was 93.87 in 2024, a rise of +0.36 from 2023. Based on trends, estimated 92.99 by 2025.
Frequently Asked Questions
Dominica's real effective exchange rate was 93.87 in 2024. Ranked 29th globally. This represents a 0.4% increase from the previous year.
Dominica's real effective exchange rate peaked at 148.13 in 1985.
The lowest real effective exchange rate in Dominica was 93.51 in 2023.
Dominica ranks 29th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Dominica's real effective exchange rate is projected to reach 92.99 by 2025 based on trend extrapolation.
The real effective exchange rate of Dominica in 2024 was 93.87. This ranks 29th in the world.
Cite this page
@misc{historysaid_dominica_reer,
title = {Dominica Real Effective Exchange Rate},
url = {https://historysaid.com/dominica/reer/},
publisher = {HistorySaid},
year = {2026}
}