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 bankCentral Bank of Haiti
International ReservesUS$ 1.337 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 7.724 billion (2009 estimate)
GDP (Purchasing Power Parity)12.602 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
0.9%-1%-0.3%0.4%-3.5%1.8%2.2%3.3%
2008200920102011*
0.8%2.9%-5.1%8.6%

*Estimate

GDP per capita - current pricesUS$ 771 (2010 estimate)
GDP per capita - PPP$1,259 International Dollars (2010 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.04%0.03%0.02%0.02%0.02%

**Forecast

GDP - composition by sector
  • agriculture: 28% 
  • industry: 20% 
  • services: 52% (2004 estimate)

    • (Data released on November 2010)

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

(Data released on November 2010)

Inflation
2008200920102011*
14.4%(2008)3.4%4.1%6.4%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
34.9%37.7%24.7%15.7%12.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
0.2%-3.1%-4.4%-2.9%-3.9%

*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 Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in HaitiN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.3 billion (2008 estimate)(After 2008)
Current account balance by percentage of GDP-4% of GDP (2008 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

12.5% (2008)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$530.2 million f.o.b. (2010 estimate)
Export commoditiesapparel, manufactures, oils, cocoa, mangoes, coffee
Total importsUS$2.095 billion f.o.b. (2008 estimate)
Import commoditiesfood, manufactured goods, machinery and transport equipment, fuels, raw materials
Exports - major partnersUS 72.9%, Dominican Republic 8.8%, Canada 3.3% (2007)
Imports - major partnersUS 41.2%, Netherlands Antilles 14.9%, China 4.7%, Brazil 4.4% (2007)
FDI inflows
200820092010
US$30 millionUS$38 million(2009)US$150 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(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 2010

(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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 162 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 178 out of 183 countries(2009)

Registering property: 128 out of 183 countries

Paying Taxes: 97 out of 183 countries

Getting credit: 138 out of 183 countries

Protecting investors: 167 out of 183 countries

Trading across border: 145 out of 183 countries

Enforcing Contracts: 91 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		141

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 133 Score: 52.1 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-5
Total area 27,750 km2 (2006)
CapitalPort-au-Prince (2009)
Currencygourdes (HTG) (2009)
Government typerepublic (2009)
LanguagesFrench (official), Creole (official)
ReligionsRoman Catholic 80%, Protestant 16% (Baptist 10%, Pentecostal 4%, Adventist 1%, other 1%), none 1%, other 3%
Total population
1980199020002010*2015**
5.93 million7.08 million8.58 million9.86 million10.67 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
15.6%20.5%35.6%48.2%
Population median age21.0 years (2006)
Population growth rate1.6% (2009)
Life expectancy61 years (2007)
Adult literacy62% (2000/2007)
% of population living on less than $2 a day72.15% (2011)
Inequality of wealth distribution (Gini index)

59.5 (2001)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:5 (2010)

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

Total telephone subscribers as % of population

40.53% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population8.37% (Data were released in 2011 and refer to 2010)
Cost of living 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)

0.2465 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

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 (2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE