Economist McCarthy Marie has once again highlighted the critical issue of Dominica’s declining and aging population, emphasizing its profound implications for the nation’s economic sustainability. Speaking at a recent Dominica Business Forum (DBF) event titled “Complexity of Trade, and Doing Business in Dominica,” Marie underscored the urgent need to address this demographic challenge. With 2022 statistics revealing 777 deaths compared to only 658 births—a net decline of 119—Marie warned that the island’s population of approximately 67,000 is insufficient to sustain a thriving economy. “The economy is not a separate entity; it is what we do,” he stated, stressing that without a robust population to produce and consume, economic activity will inevitably decline. Marie also critiqued Dominica’s trade strategy, advocating for a shift from low-cost, volume-based production to high-value, niche products. Drawing parallels to Fiji’s success with bottled water, he suggested that Dominica could similarly brand and market premium goods for global markets. DBF President Daryl Bobb echoed the need for open dialogue and civic engagement, urging citizens to actively participate in shaping the nation’s future. The forum painted a picture of a nation at a crossroads, grappling with demographic decline, trade limitations, and civic reluctance. The call to action is clear: Dominica must rethink its economic strategies and empower its people to drive meaningful change.
Population crisis threatens Dominica’s economic future, economist warns at business forum
