Haiti/Economy

Economy of Haiti

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon
GDP (USD)
$19.9B(2023)
GDP PPP (USD)
$38.2B(2023)
GDP per Capita (USD)
$1,706(2023)
GDP Growth (inflation-adjusted)
-1.9%(2023)
Inflation (CPI Annual %)
26.9%(2024)

Trade & Finance

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Exports (as share of GDP)
5.3%(2023)
Imports (as share of GDP)
25.5%(2023)
FDI Inflows (as share of GDP)
0.1%(2023)
Remittance Inflow (USD)
$3.8B(2023)

Labor & Income

Coming Soon
Unemployment Rate
15.1%(2024)
Employment in Services
42.9%(2023)
Poverty Rate
58.5%(2012)
GINI Index
41.1(2012)
GNI per Capita (USD)
$1,760(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
378 kg oil eq.(2022)
Renewable Energy Consumption (%)
76.7%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Haiti

  • The economic architecture of Haiti is substantial, anchored by a Gross Domestic Product (GDP) of approximately $19.85B
    2023
    . This places it as the 122nd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $1.71K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $38.18B, reflecting the population's domestic purchasing power. The economy is facing a contraction, with a negative growth rate of -1.9%
    2023
    , but this is challenged by high inflation, with the Consumer Price Index (CPI) at 26.9%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 5.3% of GDP and imports at 25.5%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 0.12% of the economy
    2023
    . This performance positions the country 162nd globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $3.75B annually
    2023
    , highlighting the economic importance of its diaspora.
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $1,760
    2023
    . Globally, this ranks the nation 152nd out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country faces significant labor market challenges, with an unemployment rate of 15.1%
    2024
    . The services sector is a primary driver of the labor market, accounting for 42.9% of total employment
    2023
    . Poverty remains a key issue, with 58.5% of the population living below the national poverty line
    2012
    . There is a moderate level of income inequality, with a Gini index of 41.1
    2012
    .
  • On the environment and energy front, energy consumption per capita is 377.526 kg of oil equivalent
    2022
    . The country is a leader in clean energy, with renewable sources making up 76.7% of total final energy consumption
    2021
    . Its commitment to clean energy places it 169th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Stagnant growth combined with high unemployment points to significant structural issues that may require bold policy interventions.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

A strong commitment to renewable energy positions the country as a leader in the green transition, potentially creating new economic advantages.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.