Agriculture > products
coffee, mangoes, sugarcane, rice, corn, sorghum, wood |
|
Aid as % of GDP
|
5.1% |
|
[48th of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$1,475,000,000.00 |
|
[120th of 136]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Distribution of family income > Gini index
|
59.2 |
|
[1st of 43]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Economic freedom
|
1.4 |
|
[131st of 156]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
Haiti is the poorest country in the Western Hemisphere, with 80% of the population living under the poverty line and 54% in abject poverty. Two-thirds of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. A macroeconomic program developed in 2005 with the help of the International Monetary Fund helped the economy grow 3.5% in 2007, the highest growth rate since 1999. US economic engagement under the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act, passed in December 2006, has boosted the garment and automotive parts exports and investment by providing tariff-free access to the US. Haiti suffers from high inflation, a lack of investment because of insecurity and limited infrastructure, and a severe trade deficit. In 2005, Haiti paid its arrears to the World Bank, paving the way for reengagement with the Bank. The government relies on formal international economic assistance for fiscal sustainability. Remittances are the primary source of foreign exchange, equaling nearly a quarter of GDP and more than twice the earnings from exports. |
|
Source: The Heritage Foundation |
Exchange rates
gourdes per US dollar - 38.352 (2004), 42.367 (2003), 29.251 (2002), 24.429 (2001), 21.171 (2000) |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$522,000,000.00 |
|
[143rd of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports to US
|
$68,300,000.00 |
|
[96th of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$4,960,738,000.00 |
|
[123rd of 203]
|
|
Source: US Census Bureau |
|
GDP > PPP
|
$14,475,000,000.00 |
|
[112nd of 163]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Real growth rate
|
3.2% |
|
[140th of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GDP growth > annual %
|
1.98 annual %
|
|
[145th of 187]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GINI index
|
59.21
|
|
[2nd of 40]
|
|
Source: World Development Indicators database |
|
Gross National Income
|
$3,902,800,000.00 |
|
[110th of 172]
|
|
Source: World Development Indicators database |
|
Human Development Index
|
0.475 |
|
[154th of 178]
|
|
Income category
|
Low income |
|
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Inflation rate (consumer prices)
|
8.5% |
|
[47th of 192]
|
|
Source: |
|
Population below poverty line
|
80% |
|
[1st of 46]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals
|
149,000 |
|
[105th of 152]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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