Saint George Parish

TL;DR

Capital parish processing 37% of GDP from citizenship sales that fund post-Hurricane Maria reconstruction across the island.

municipality in Dominica

Saint George Parish contains Roseau, Dominica's capital and primary port, concentrating the administrative and commercial functions of an island that has engineered its economy around citizenship sales. Dominica's Citizenship by Investment (CBI) program—operational since 1993—generated 37% of GDP in fiscal 2022/23, approximately $232 million, making the country one of Earth's most CBI-dependent economies. Following a 100% price increase in June 2024 (single applicants now pay $200,000 to the Economic Diversification Fund), the program remains the second-ranked CBI globally. Saint George Parish processes this revenue flow through government offices and supports the infrastructure projects CBI funds: the new international airport, geothermal energy facilities, climate-resilient housing for 2,000 Hurricane Maria-displaced families, and twelve new healthcare centers. The 2017 Category 5 hurricane caused losses exceeding 226% of GDP—a catastrophic shock that accelerated CBI dependency as traditional economic sectors collapsed. In 2024, non-tax revenue increased 3.1%, mostly from sustained CBI inflows. Capital expenditure reached $603.5 million (31% of GDP), nearly all directed at infrastructure reconstruction and climate resilience. Saint George Parish serves as the nexus where foreign investor capital enters and development projects radiate outward. The economy grew 3.5% in 2024 with 4.2% projected for 2025—growth built on selling passports and rebuilding from hurricanes.

Related Mechanisms for Saint George Parish

Related Organisms for Saint George Parish