Haiti


Haiti Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Haiti; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Haiti
International Reserves US$ 1.197 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 8.335 billion (2009 estimate)
GDP (Purchasing Power Parity) 13.501 billion of International dollars (2009 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-1% -0.3% 0.4% -3.5% 1.8% 2.2% 3.3% 0.8%
2009 2010 2011 2012*
2.9% -5.4% 5.6% 7.8%

*Estimate

GDP per capita - current prices US$ 820 (2010 estimate)
GDP per capita - PPP $1,328 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.04% 0.03% 0.02% 0.02% 0.02%

**Forecast

GDP - composition by sector
  • agriculture: 25% 
  • industry: 16% 
  • services: 59% (2010 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3.4%(2008) 4.1% 7.4% 7.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
37.8% 27.7% 17.1% 10.6% 16.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-2.8% -4.6% 2.4% -3.7% -7.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Haiti N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -375 million (2008 estimate)(After 2008)
Current account balance by percentage of GDP -4.5% of GDP (2008 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

12.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0% (2011)(2007)

(Data were released in 2012)

Total exports US$785 million (2012 estimate) 
Export commodities apparel, manufactures, oils, cocoa, mangoes, coffee
Total imports US$2.64 billion (2012 estimate) 
Import commodities food, manufactured goods, machinery and transport equipment, fuels, raw materials
Exports - major partners US 83.3% (2011)
Imports - major partners Dominican Republic 31.9%, US 25.3%, Netherlands Antilles 8.7%, China 7.2% (2011)
FDI inflows
2009 2010 2011
US$38 million US$150 million(2009) US$181 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 174 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 183 out of 185 countries(2009)

Enforcing Contracts: 97 out of 185 countries

Registering Property: 130 out of 185 countries

Getting credit: 159 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 149 out of 185 countries

Paying Taxes: 123 out of 185 countries

Dealing with Construction Permits: 136 out of 185 countries

Getting Electricity: 71 out of 185 countries

Resolving Insolvency: 160 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
142

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 142 Score: 50.7 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-5
Total area 27,750 km2 (2006)
Capital Port-au-Prince (2009)
Currency gourdes (HTG) (2009)
Government type republic (2009)
Languages French (official), Creole (official)
Religions Roman Catholic 80%, Protestant 16% (Baptist 10%, Pentecostal 4%, Adventist 1%, other 1%), none 1%, other 3%
Total population
1980 1990 2000 2012* 2017**
5.93 million 7.08 million 8.58 million 10.16 million 10.92 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
15.6% 20.5% 35.6% 53.3%
Population median age 22 years (2010)
Population growth rate 1.3% (2011)
Life expectancy 62 years (2010)
Adult literacy 49% (2005/2010)
% of population living on less than $2 a day 72.15% (2011)
Inequality of wealth distribution (Gini index)

59.21 (2001)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

41.49% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population N/A
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Port-au-Prince: 111th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.2301 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE