Haiti - Economy
How is the economy of Haiti? Based on the information we have, Haiti has a 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. Key agricultural products in this country include: sugarcane, cassava, plantains, bananas, mangoes/guavas, avocados, maize, tropical fruits, rice, vegetables (2023).
More about the economy of Haiti
| Labor force | 5.281 million (2024 est.) |
|---|---|
| Industrial production growth rate | -4.7% (2024 est.) |
| Industries | textiles, sugar refining, flour milling, cement, light assembly using imported parts |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | gourdes (HTG) per US dollar - |
| Exchange rates 2024 | 131.811 (2024 est.) |
| Exchange rates 2023 | 141.036 (2023 est.) |
| Exchange rates 2022 | 115.631 (2022 est.) |
| Exchange rates 2021 | 89.227 (2021 est.) |
| Exchange rates 2020 | 93.51 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $1.865 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $2.718 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $2.586 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $2.173 billion (2022 est.) |
| Current account balance | |
| Current account balance 2023 | -$682.57 million (2023 est.) |
| Current account balance 2022 | -$491.954 million (2022 est.) |
| Current account balance 2021 | $87.656 million (2021 est.) |
| Public debt | |
| Public debt 2016 | 33.9% of GDP (2016 est.) |
| Budget | |
| Revenues | $1.179 billion (2020 est.) |
| Expenditures | $1.527 billion (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 18.9% of GDP (2023 est.) |
| Remittances 2022 | 18.8% of GDP (2022 est.) |
| Remittances 2021 | 19.1% of GDP (2021 est.) |
| Imports | |
| Imports 2023 | $5.303 billion (2023 est.) |
| Imports 2022 | $5.451 billion (2022 est.) |
| Imports 2021 | $5.048 billion (2021 est.) |
| Imports (partners) | USA 31%, Dominican Republic 23%, China 14%, Indonesia 4%, India 3% (2023) |
| Comodities Imports force | refined petroleum, rice, garments, cotton fabric, plastic products (2023) |
| Exports | |
| Imports 2023 | $5.303 billion (2023 est.) |
| Imports 2022 | $5.451 billion (2022 est.) |
| Imports 2021 | $5.048 billion (2021 est.) |
| Exports (partners) | USA 82%, Canada 4%, Mexico 2%, France 2%, India 2% (2023) |
| Comodities Exports force | garments, essential oils, scrap iron, industrial acids/oils/alcohols, bedding (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $32.971 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $34.406 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $35.059 billion (2022 est.) |
| GDP (official exchange rate) | $25.224 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $2,800 (2024 est.) |
| Real GDP per capita 2023 | $3,000 (2023 est.) |
| Real GDP per capita 2022 | $3,000 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 15.9% (2024 est.) |
| Industry | 33.4% (2024 est.) |
| Services | 48.3% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 99.8% (2024 est.) |
| Government consumption | 5.7% (2024 est.) |
| Investment in fixed capital | 9.9% (2024 est.) |
| Investment in inventories | 0% (2024 est.) |
| Exports of goods and services | 3.4% (2024 est.) |
| Imports of goods and services | -18.8% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 15.1% (2024 est.) |
| Unemployment rate 2023 | 14.6% (2023 est.) |
| Unemployment rate 2022 | 14.7% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 37.5% (2024 est.) |
| Male | 30% (2024 est.) |
| Female | 47.1% (2024 est.) |
All Important Facts about Haiti
Want to know more about Haiti? Check all different factbooks for Haiti below.
