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Haiti

Includes Haiti real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Haiti economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Haiti best banks and safest banks are also available.

Basic Information

Government Type: Semi-presidential republic

Capital City: Port-au-Prince

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Bank of the Republic of Haiti
Currency Gourdes (HTG)
International Reserves USD 2.4 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 9.5 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 20.7 billion (2018, estimate)

GDP Data

Real GDP growth 2007 3.3%
2008 0.8%
2009 3.1%
2010 -5.5%
2011 5.5%
2012 2.9%
2013 4.2%
2014 2.8%
2015 1.2%
2016 1.5%
2017 1.2%
2018* 1.5%

*Estimate
GDP per capita – current prices USD 856.8 (2018, estimate)
GDP per capita – PPP Intl$ 1,864.4 (2018, estimate)
GDP (PPP) – share of world total 1980 0.05%
1990 0.04%
2000 0.02%
2010 0.02%
2019* 0.02%
GDP – composition by sector agriculture: 22.1%
industry: 20.3%
services: 57.6%
(2017 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 7.5%
2016 13.4%
2017 14.7%
2018* 12.9%
2019* 17.6%

*Estimate

Inflation & Debt

Inflation 2015 7.5%
2016 13.4%
2017 14.7%
2018* 12.9%
2019* 17.6%

*Estimate
Government Bond Ratings
Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s
Unemployment rate 2015 N/A
2016 N/A
2017 N/A
2018* N/A
2019* N/A

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 30.3%
2016 33.7%
2017 31%
2018* 33.3%
2019* 36.5%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -2.5%
2016 0%
2017 0.2%
2018* -2%
2019* -2.6%

*Estimate

Market value of publicly traded shares 2016 N/A
2017 N/A
2018 N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 17.1% (2018)
Shares in world total merchandising export 0.01% (2018)
Shares in world total commercial services export 0.009% (2018)
Total exports USD 1.6 billion (2018 estimate)
Export commodities Apparel, manufactures, oils, cocoa, mangoes, coffee
Total imports USD 4.2 billion (2018 estimate)
Import commodities Food, manufactured goods, machinery and transport equipment, fuels, raw materials
Exports – major partners US 80.6%, Dominican Republic 4.9% (2017)
Imports – major partners US 20.7%, China 18.8%, Netherlands Antilles 15.7%, Indonesia 8.5% (2017)

Competitiveness & Trade

Current account balance USD -0.4 billion (2018 estimate)
Current account balance by percentage of GDP -3.7 % (2018 estimate)
FDI inflows 2016 USD 105 million
2017 USD 375 million
2018 USD 105 million
FDI Outflows 2016 N/A
2017 N/A
2018 N/A
Value of cross-border M&A, by country of purchaser 2015 N/A
2016 N/A
2017 N/A
2018 N/A
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

179 out of 190 countries

Subcategories:
Starting a Business: 189 out of 190 countries
Dealing with Construction Permits: 179 out of 190 countries
Getting Electricity: 147 out of 190 countries
Registering Property: 182 out of 190 countries
Getting Credit: 144 out of 190 countries
Protecting Minority Investors: 183 out of 190 countries
Paying Taxes: 149 out of 190 countries
Trading across Borders: 85 out of 190 countries
Enforcing Contracts: 127 out of 190 countries
Resolving Insolvency: 168 out of 190 countries
Global competitiveness ranking 138 out of 141 countries
Index of Economic Freedom
Ranking: 143 / Score: 52.7 (Mostly unfree)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 27,750 sq km

Total Population 1990 7.09 Million
2000 8.55 Million
2010 10 Million
2015 10.71 Million
2020 11.38 Million
Urban population as % of total population 1960 15.6%
1980 20.5%
2000 35.6%
2018 55.3%
Population median age 23.3 years
Population growth rate 1.31% (2018 estimate)
Life expectancy 64.6 years (2018 estimate)
% of population living on less than $3.10 a day 50.8% (last available estimate, 2012)
Inequality of wealth distribution (Gini index) 41.1 (last available estimate, 2012)
Freedom House rating
Partly Free
Political Rights: 5
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population
Fixed: 0.1%

Mobile: 57.5%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 32.47 % (2018)

Language & Religon

Languages French (official), Creole (official)
Literacy
Total population: 60.7%
Male: 64.3%
Female: 57.3%
Definition: age 15 and over can read and write (2015 est.)
Religions Roman Catholic 54.7%, Protestant 28.5% (Baptist 15.4%, Pentecostal 7.9%, Adventist 3%, Methodist 1.5%, other 0.7%), Vodou 2.1%, other 4.6%, none 10.2% (2003 est.)

World Rankings

Population 11.38 million
Mercer Cost of living index Port au Prince: 165th (2019)
C02 Emissions per capita 0.27 metric tons per capita (2014)

Global Finance Rankings & Awards: Haiti

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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