Economy of Haiti
Economy of Haiti
Currency
Haitian gourde (HTG)
Fiscal year
1 October–30
September
Trade
organisations
Caribbean Community
World Trade
Organization
Statistics [2]
GDP ranking
124th by volume (at
PPP) (2007); 153th by
per capita (at PPP)
(2007)
GDP (PPP)
$16.51 billion (2007
est.)
GDP growth
+3.5% (2007 est.)
GDP per capita $1900 (2007 est.)
GDP by sector Agriculture (28%); in-
dustry (20%); services
(52%) (2006 est.)
Inflation
8.9% (2007 est.)
Pop below
poverty line
80% (2003 est.)
Labour force
3.6 million
Labour force
by occupation
Agriculture (66%), in-
dustry (9%), services
(25%)
Unemployment Widespread unemploy-
ment/underemploy-
ment; more than two-
thirds of the labor force
do not have formal jobs
(2002 est.)
Main
industries
sugarcane, flour, tex-
tiles, cement, light as-
sembly, industries
based on imported
parts
Trading Partners [3]
Exports
$554.8 million f.o.b.
(2007 est.)
Main partners United States 79.5%
Dominican Republic
7.6%
Canada 3% (2006)
Imports
$1.844 billion f.o.b.
(2007 est.)
Main partners United States 47%
the People’s Republic of
China 3.5%
Japan 2.9% (2006)
Public finances [4]
Public debt
N/A
External debt
$1.2 billionS (2007 est.)
Revenues
$330.2 million (2004
est.)
Expenses
$529.6 million, includ-
ing capital expenditures
of NA (2004 est.)
Economic aid
$150 million (FY04 est.)
Haiti is the poorest country in the Western
Hemisphere; however its potential for leaving
its long-associated status is growing. Two-
thirds of all Haitians depend on the agricul-
ture 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 1.8% in
2006, the highest growth rate since 1999.
Haiti
suffers
from higher
inflation than
similar low-income countries, a lack of invest-
ment (increasing however since the recent
presidential seating), and a severe trade defi-
cit. In 200