Economy of Haiti
Population: 11.12 M (2018)
GDP per Capita: 868 USD (2018)
9,660 M.

GDP USD

(2018)

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1,650 M.

EXPORTS USD

(2018)

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5,650 M.

IMPORTS USD

(2018)

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33.26 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.48 % (2018)
GDP of 2010 USD USD 8.10 B. (2018)
GDP Current USD USD 9.66 B. (2018)
GDP per Capita Current USD USD 868 (2018)
GDP per capita, PPP USD 1,656 (2018)
GDP per Capita, 2010 USD USD 730 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 12.24 % (2018)
Government Spending USD 1.18 B. (2018)
Government Debt % GDP 33.26 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 252.86 (2018)
Trade Openness 75.55 % (2018)
Exports of Goods and Services % GDP 17.08 % (2018)
Exports Goods & Services USD 1.65 B. (2018)
Exports Annual Growth 1.98 % (2018)
Imports as % GDP 58.47 % (2018)
Total Imports USD 5.65 B. (2018)
Foreign Direct Investment % GDP 1.09 % (2018)
Foreign Direct Investment USD 0.11 B. (2018)
Current Account Balance % GDP USD -3.55 % (2018)
Current Account Balance USD -0.34 B. (2018)
Trade Balance % GDP -41.40 % (2018)
Trade Balance USD -3.89 B. (2018)
Foreign Exchange Reserves incl Gold USD 2.37 B. (2018)
Remittances % GDP 32.53 % (2018)
Remittances USD 3,142 M. (2018)
Balance of Payments USD 142 M. (2016)

Labor Market

Indicator Value
Labor Force 5.15 M. (2019)
Unemployment Rate 13.48 % (2019)
Unemployment Rate Females 16.69 % (2019)
Unemployment Rate Males 11.16 % (2019)
Youth Unemployment (ages 15-24) 29.74 % (2019)
Labor Force Participation Rate 68.12 % (2019)
Labor Force (Percent Female) 47.33 % (2019)
Female Labor Force Participation Rate 63.53 % (2019)
Male Labor Force Participation Rate 72.94 % (2019)
Dependent People 61.79 % (2018)

Agriculture Sector

Indicator Value
Forest Area 3.50 % (2016)
Forest Area km² 962 km² (2016)
Agricultural Land 66.76 % (2016)
Agricultural Land km² 18,400 km² (2016)
Employment 49.70 % (2019)
Value added % GDP 18.86 % (2018)
Agriculture Value added USD 1.82 B. (2018)
Crop Production Index 171.70 (2016)
Precipitation 1,440 mm (2014)
Arable Land 39 % (2016)
Cereal Yield 1,126 kg/hectare (2017)
Food production index 157 (2016)
Rural Population 45 % (2018)
Fertilizer use of Arable Land 157 (2016)
Livestock Production Index 104 (2016)
Economy of Haiti

According to the World Bank and its latest published data, the economy of the Haiti presents a growth rate of 1.48 % (2018) to the previous year.

With a population that reaches 11.12 M (2018) and a gross domestic product of USD 9.66 B. (2018), it translates a Gross Domestic Product per Capita of USD 868 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Haiti also has a workforce of 5.15 M. (2019) with an unemployment rate of 13.48 % (2019), where women represent 16.69 % (2019) and men 11.16 % (2019), the unemployment rate for young people between 15-24 years old stood at 29.74 % (2019). The total number of dependent people stands at 61.79 % (2018).

The central government spent 12.24 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.18 B. (2018). Its consolidated public debt reached 33.26 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Haiti exported USD 1.65 B. (2018), which represents 17.08 % (2018) of its gross domestic product, in that same sense its imports reached USD 5.65 B. (2018) with a direct foreign investment of USD 0.11 B. (2018).

Haiti has a forest area of 962 km² (2016), which represents 3.50 % (2016) of its total area, an average rainfall of 1,440 mm (2014) per year and a population of 45 % (2018) living in rural areas. With a total area of 18,400 km² (2016) available for agriculture and 49.70 % (2019) of its employments, the agricultural sector contributes to the economy of the Haiti about USD 1.82 B. (2018) (18.86 % (2018) of its GDP).