Countries
Haiti
Key Economic Indicators
$37.6 billion
$3,194
-4.17%
26.95%
14.94%
$25.224 billion (2024 est.)
33.9% of GDP (2016 est.)
$-145,137,964
Economic Overview
small Caribbean island economy and OECS-member state; extreme poverty and inflation; enormous income inequality; ongoing civil unrest due to recent presidential assassination; US preferential market access; very open to foreign direct investment
All Economic Data
Agricultural products
sugarcane, cassava, plantains, bananas, mangoes/guavas, avocados, maize, tropical fruits, rice, vegetables (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$1.527 billion (2020 est.)
Revenues:
$1.179 billion (2020 est.)
Currency
code:
HTG
name:
Haitian gourde (HTG) [G]
Current account balance
$-145,137,964
Current account balance 2021:
$87.656 million (2021 est.)
Current account balance 2022:
-$491.954 million (2022 est.)
Current account balance 2023:
-$682.57 million (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$944.74 million
Debt - external 2023:
$1.865 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
gourdes (HTG) per US dollar -
Exchange rates 2020:
93.51 (2020 est.)
Exchange rates 2021:
89.227 (2021 est.)
Exchange rates 2022:
115.631 (2022 est.)
Exchange rates 2023:
141.036 (2023 est.)
Exchange rates 2024:
131.811 (2024 est.)
Exports
$857.82 million
Exports 2021:
$1.272 billion (2021 est.)
Exports 2022:
$1.355 billion (2022 est.)
Exports 2023:
$1.095 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
garments, essential oils, scrap iron, industrial acids/oils/alcohols, bedding (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 82%, Canada 4%, Mexico 2%, France 2%, India 2% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$20 million
GDP - composition, by end use
Exports of goods and services:
3.4% (2024 est.)
Government consumption:
5.7% (2024 est.)
Household consumption:
99.8% (2024 est.)
Imports of goods and services:
-18.8% (2024 est.)
Investment in fixed capital:
9.9% (2024 est.)
Investment in inventories:
0% (2024 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
15.9% (2024 est.)
Industry:
33.4% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
48.3% (2024 est.)
GDP (official exchange rate)
$25.224 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$2,143
Gini Index coefficient - distribution of family income
41.1 (2012)
GNI (gross national income)
$25.23 billion
GNI per capita
$1,760
Gross domestic investment
10 % of GDP
Imports
$4.75 billion
Imports 2021:
$5.048 billion (2021 est.)
Imports 2022:
$5.451 billion (2022 est.)
Imports 2023:
$5.303 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, rice, garments, cotton fabric, plastic products (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 31%, Dominican Republic 23%, China 14%, Indonesia 4%, India 3% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-4.7% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
textiles, sugar refining, flour milling, cement, light assembly using imported parts
Inflation rate (consumer prices)
26.95%
Inflation rate (consumer prices) 2022:
34% (2022 est.)
Inflation rate (consumer prices) 2023:
36.8% (2023 est.)
Inflation rate (consumer prices) 2024:
26.9% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
5.281 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
5.27 million persons
Labor force - by occupation
agriculture:
46.61%
industry:
8.8%
services:
44.59%
Public debt
Public debt 2016:
33.9% of GDP (2016 est.)
Real GDP (purchasing power parity)
$37.6 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$35.059 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$34.406 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$32.971 billion (2024 est.)
Real GDP growth rate
-4.17%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
-1.7% (2022 est.)
Real GDP growth rate 2023:
-1.9% (2023 est.)
Real GDP growth rate 2024:
-4.2% (2024 est.)
Real GDP per capita
$3,194
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$3,000 (2022 est.)
Real GDP per capita 2023:
$3,000 (2023 est.)
Real GDP per capita 2024:
$2,800 (2024 est.)
Remittances
$4.11 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
19.1% of GDP (2021 est.)
Remittances 2022:
18.8% of GDP (2022 est.)
Remittances 2023:
18.9% of GDP (2023 est.)
Reserves of foreign exchange and gold
$2.72 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$2.173 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$2.586 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$2.718 billion (2024 est.)
Unemployment rate
14.94%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
14.7% (2022 est.)
Unemployment rate 2023:
14.6% (2023 est.)
Unemployment rate 2024:
15.1% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
47.1% (2024 est.)
Male:
30% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
37.5% (2024 est.)
Economic Rankings
Inflation Rate
#17
Unemployment Rate
#19
Gini Index
#60
External Debt
#103
GDP (Nominal)
#116
Reserves
#120
GDP (PPP)
#141
Imports
#149
Exports
#167
GDP per Capita
#174
GDP Growth Rate
#191
Quick Facts
Industries
textiles, sugar refining, flour milling, cement, light assembly using imported parts
Agricultural products
sugarcane, cassava, plantains, bananas, mangoes/guavas, avocados, maize, tropical fruits, rice, vegetables (2023)
Labor force
5.281 million (2024 est.)
Exports - partners
USA 82%, Canada 4%, Mexico 2%, France 2%, India 2% (2023)
Imports - partners
USA 31%, Dominican Republic 23%, China 14%, Indonesia 4%, India 3% (2023)
Exchange rates
gourdes (HTG) per US dollar -
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