Haiti: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Low Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | The apparel sector of Haiti accounts for 90% of Haiti's exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Textiles; Sugar Refining; Flour Milling; Cement |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $35,279,909,778 (2020) |
| GDP Growth Rate (annual %) | -3.343% (2020) |
| GDP Per Capita, PPP (current international) | $3,094 (2020) |
GDP Country Rank 129/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 22.796% (2020) |
| External debt stocks, total (DOD, current US$) | $2,317,684,494 (2020) |
| Total tax rate (% of commercial profits) | 42.7% (2019) |
| Real Interest Rate (5 year average %) | -2.917% (2019) |
| Manufacturing, value added (% of GDP) | 17.638% (2020) |
| Current Account Balance (BoP, current US$) | $72,214,808 (2019) |
Labor and Employment [1]
| Labor Force, Total | 4,972,457 (2020) |
| Employment in Agriculture (% of total employment) | 28.323% (2020) |
| Employment in Industry (% of total employment) | 6.642% (2020) |
| Employment in Services (% of total employment) | 65.035% (2020) |
| Unemployment Rate | 14.5% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $4,318,064,226 (2020) |
| Exports of goods and services (current US$) | $1,110,024,755 (2020) |
| Total Merchandise Trade (% of GDP) | 25.448% (2020) |
| FDI, net inflows (BoP, current US$) | $75,000,000 (2019) |
| Commercial Service Exports (current US$) | $488,357,105 (2019) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Haiti’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.