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, mangoes/guavas, plantains, bananas, maize, avocados, tropical fruits, rice, vegetables (2022).
More about the economy of Haiti
| Labor force | 5.238 million (2023 est.) |
|---|---|
| Industrial production growth rate | -3.82% (2023 est.) |
| Industries | textiles, sugar refining, flour milling, cement, light assembly using imported parts |
| Population below poverty line | |
| Taxes and other revenues | 18.2% (of GDP) (2017 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | gourdes (HTG) per US dollar - |
| 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.) |
| Exchange rates 2019 | 88.815 (2019 est.) |
| Debt - external | |
| Debt - external 31 December 2017 | $2.762 billion (31 December 2017 est.) |
| Debt - external 31 December 2016 | $2.17 billion (31 December 2016 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2022 | $2.368 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $2.734 billion (2021 est.) |
| Reserves of foreign exchange and gold 2020 | $2.59 billion (2020 est.) |
| Current account balance | |
| Current account balance 2022 | -$491.954 million (2022 est.) |
| Current account balance 2021 | $87.656 million (2021 est.) |
| Current account balance 2020 | $51.548 million (2020 est.) |
| Public debt | |
| Public debt 2017 | 31.1% of GDP (2017 est.) |
| Budget | |
| Revenues | $1.179 billion (2020 est.) |
| Expenditures | $1.527 billion (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 21.4% of GDP (2023 est.) |
| Remittances 2022 | 18.75% of GDP (2022 est.) |
| Remittances 2021 | 19.13% of GDP (2021 est.) |
| Imports | |
| Imports 2022 | $5.451 billion (2022 est.) |
| Imports 2021 | $5.048 billion (2021 est.) |
| Imports 2020 | $4.177 billion (2020 est.) |
| Imports (partners) | US 31%, Dominican Republic 26%, China 16%, Indonesia 3%, India 2% (2022) |
| Comodities Imports force | refined petroleum, rice, cotton fabric, garments, plastic products (2022) |
| Exports | |
| Imports 2022 | $5.451 billion (2022 est.) |
| Imports 2021 | $5.048 billion (2021 est.) |
| Imports 2020 | $4.177 billion (2020 est.) |
| Exports (partners) | US 84%, Canada 4%, Mexico 2%, Thailand 1%, France 1% (2022) |
| Comodities Exports force | garments, essential oils, scrap iron, bedding, tropical fruits (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $34.406 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $35.059 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $35.659 billion (2021 est.) |
| GDP (official exchange rate) | $19.851 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $2,900 (2023 est.) |
| Real GDP per capita 2022 | $3,000 (2022 est.) |
| Real GDP per capita 2021 | $3,100 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 22.1% (2017 est.) |
| Industry | 20.3% (2017 est.) |
| Services | 57.6% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 99.1% (2017 est.) |
| Government consumption | 10% (2016 est.) |
| Investment in fixed capital | 32.6% (2016 est.) |
| Investment in inventories | -1.4% (2017 est.) |
| Exports of goods and services | 20% (2017 est.) |
| Imports of goods and services | -60.3% (2017 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 14.62% (2023 est.) |
| Unemployment rate 2022 | 14.72% (2022 est.) |
| Unemployment rate 2021 | 15.25% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 36.8% (2023 est.) |
| Male | 29.1% (2023 est.) |
| Female | 46.6% (2023 est.) |
All Important Facts about Haiti
Want to know more about Haiti? Check all different factbooks for Haiti below.
