Haiti Economic Statistics and Indicators

25, Oct 2020, EDT. Welcome to the Haiti economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Haiti › Change country
National or Regional Currency: Gourde, HTG
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 9996731 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 27,750 sq km ; land: 27,560 sq km ; water: 190 sq km
Natural Resources: bauxite, copper, calcium carbonate, gold, marble, hydropower
Capital: name: Port-au-Prince ; geographic coordinates: 18 32 N, 72 20 W ; time difference: UTC-5 (same time as Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November

Haiti is a free market economy that enjoys the advantages of low labor costs and tariff-free access to the US for many of its exports. Poverty, corruption, vulnerability to natural disasters, and low levels of education for much of the population are among Haiti's most serious impediments to economic growth. Haiti's economy suffered a severe setback in January 2010 when a 7.0 magnitude earthquake destroyed much of its capital city, Port-au-Prince, and neighboring areas. Currently the poorest country in the Western Hemisphere with 80% of the population living under the poverty line and 54% in abject poverty, the earthquake further inflicted $7.8 billion in damage and caused the country's GDP to contract. In 2011, the Haitian economy began recovering from the earthquake. However, two hurricanes adversely affected agricultural output and the low public capital spending slowed the recovery in 2012. Two-fifths of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. US economic engagement under the Caribbean Basin Trade Preference Agreement (CBTPA) and the 2008 Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE II) Act helped increase apparel exports and investment by providing duty-free access to the US. Congress voted in 2010 to extend the CBTPA and HOPE II until 2020 under the Haiti Economic Lift Program (HELP) Act; the apparel sector accounts for about 90% of Haitian exports and nearly one-twentieth of GDP. Remittances are the primary source of foreign exchange, equaling one-fifth of GDP and representing more than five times the earnings from exports in 2012. Haiti suffers from a lack of investment, partly because of weak infrastructure such as access to electricity. Haiti's outstanding external debt was cancelled by donor countries following the 2010 earthquake, but has since risen to $1.1 billion as of December 2013. The government relies on formal international economic assistance for fiscal sustainability, with over half of its annual budget coming from outside sources. The MARTELLY administration in 2011 launched a campaign aimed at drawing foreign investment into Haiti as a means for sustainable development. To that end, the MARTELLY government in 2012 created a Commission for Commercial Code Reform, effected reforms to the justice sector, and inaugurated the Caracol industrial park in Haiti's north coast. In 2012, private investment exceeded donor assistance for the first time since the 2010 earthquake.
More on the Haiti Economy
More on the Haiti Export, Import and Trade

GDP (Constant Prices, National Currency) for Haiti in year 2015 is HTG 15.586 Billion.

GDP Growth (Constant Prices, National Currency) for Haiti in year 2015 is 1 %.

GDP (Current Prices, National Currency) for Haiti in year 2015 is HTG 420.971 Billion.

GDP (Current Prices, US Dollars) for Haiti in year 2015 is US$ 8.618 Billion.

GDP Deflator for Haiti in year 2015 is 2,700.90 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Haiti in year 2015 is HTG 1,455.17 .

GDP Per Capita (Current Prices, National Currency) for Haiti in year 2015 is HTG 39,302.71 .

GDP Per Capita (Current Prices, US Dollars) for Haiti in year 2015 is US$ 804.564 .

GDP (PPP), US Dollars for Haiti in year 2015 is US$ 18.745 Billion.

GDP Per Capita (PPP), US Dollars for Haiti in year 2015 is US$ 1,750.10 .

GDP Share of World Total (PPP) for Haiti in year 2015 is 0.017 %.

Implied PPP Conversion Rate for Haiti in year 2015 is 22.457 .

Investment (% of GDP) for Haiti in year 2015 is 28.854 %.

Gross National Savings (% of GDP) for Haiti in year 2015 is 26.467 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Haiti in year 2015 is 209.785 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Haiti in year 2015 is 7.524 %.

Inflation, End of Year (Indexed to Year 2000) for Haiti in year 2015 is 223.28 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Haiti in year 2015 is 11.277 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Haiti in year 2015 is 13.77 %.

Import Volumes of Goods Only (Percent Change) for Haiti in year 2015 is 22.495 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Haiti in year 2015 is 10.22 %.

Export Volumes of Goods Only (Percent Change) for Haiti in year 2015 is 11.194 %.

Population for Haiti in year 2015 is 10.711 Million .

General government revenue (National Currency) for Haiti in year 2015 is HTG 81.539 Billions.

General government revenue (% of GDP) for Haiti in year 2015 is 19.369 %.

General government total expenditure (National Currency) for Haiti in year 2015 is HTG 92.451 Billions.

General government total expenditure (% of GDP) for Haiti in year 2015 is 21.961 %.

Total Government Net Lending/ Borrowing (National Currency) for Haiti in year 2015 is HTG -10.912 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Haiti in year 2015 is -2.592 %.

Fiscal Year Gross Domestic Product, Current Prices for Haiti in year 2015 is HTG 420.971 Billions.

Current Account Balance (US Dollars) for Haiti in year 2015 is US$ -0.206 Billion.

Current Account Balance (% GDP) for Haiti in year 2015 is -2.387 %.