Agriculture > products
coffee, mangoes, sugarcane, rice, corn, sorghum, wood |
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Aid as % of GDP
|
5.1% |
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[48th of 129]
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Definition: Economy > Aid as % of GDP |
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Debt > External
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$1,475,000,000.00 |
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[120th of 136]
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Definition: Economy > Debt > External |
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Distribution of family income > Gini index
|
59.2 |
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[1st of 43]
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Definition: Economy > Distribution of family income > Gini index |
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Economic freedom
|
1.4 |
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[131st of 156]
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Definition: Economy > Economic freedom |
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. |
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Definition: Economy > Economy > Overview |
Exchange rates
gourdes per US dollar - 38.352 (2004), 42.367 (2003), 29.251 (2002), 24.429 (2001), 21.171 (2000) |
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Definition: Economy > Exchange rates |
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Exports
|
$522,000,000.00 |
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[143rd of 189]
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Definition: Economy > Exports |
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Exports to US
|
$68,300,000.00 |
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[96th of 224]
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Definition: Economy > Exports to US |
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GDP
|
$4,960,738,000.00 |
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[123rd of 203]
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Definition: Economy > GDP |
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GDP > PPP
|
$14,475,000,000.00 |
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[112nd of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
|
3.2% |
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[140th of 198]
|
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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
|
1.98 annual %
|
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[145th of 187]
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Definition: Economy > GDP growth > annual % |
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GINI index
|
59.21
|
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[2nd of 40]
|
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Definition: Economy > GINI index |
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Gross National Income
|
$3,902,800,000.00 |
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[110th of 172]
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Definition: Economy > Gross National Income |
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Human Development Index
|
0.475 |
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[154th of 178]
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Definition: Economy > Human Development Index |
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Income category
|
Low income |
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|
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Definition: Economy > Income category |
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Inflation rate (consumer prices)
|
8.5% |
|
[47th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Population below poverty line
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80% |
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[1st of 46]
|
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Definition: Economy > Population below poverty line |
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Tourist arrivals
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149,000 |
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[105th of 152]
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Definition: Economy > Tourist arrivals |
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