Haiti's Macroeconomic Analysis:
Nominal GDP of USD 19.9 billion in 2022.
Nominal GDP of USD 19.9 billion in 2022.
GDP per capita of USD 1,651 compared to the global average of USD 10,589.
GDP per capita of USD 1,651 compared to the global average of USD 10,589.
Average real GDP growth of 0.4% over the last decade.
Average real GDP growth of 0.6% over the last decade.
Sector Analysis
In 2021, services accounted for 54% of overall GDP, manufacturing 19%, other industrial activity 6%, and agriculture 21%. Looking at GDP by expenditure, private consumption accounted for 97% of GDP in 2021, government consumption 7%, fixed investment 18%, and net exports -22%.International trade
In 1997, manufactured products made up 84% of total merchandise exports, mineral fuels 0%, food 15%, ores and metals 0% and agricultural raw materials 0%, with other categories accounting for 1% of the total. In the same period, manufactured products made up 59% of total merchandise imports, mineral fuels 12%, food 26%, ores and metals 1% and agricultural raw materials 2%, with other goods accounting for 0% of the total. Total exports were worth USD 1 billion in 2022, while total imports were USD 5 billion.Main Economic Indicators
Economic growthThe economy recorded average annual growth of 0.6% in the decade to 2022. To read more about GDP growth in Haiti, go to our dedicated page.
Fiscal policy
Haiti's fiscal deficit averaged 2.0% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment
The unemployment rate averaged 14.2% in the decade to 2022. For more information on Haiti's unemployment click here.
Inflation
Inflation averaged 23.4% in the decade to 2022. Go to our Haiti inflation page for extra insight.
Exchange Rate
From end-2012 to end-2022 the gourde weakened by 71% vs the U.S. dollar. For more info on the gourde, click here.
Economic situation in Haiti
GDP shrank the least in four quarters in April–June (Q3 FY 2024). However, any green shoots of economic recovery are now being stamped out by gangs, unravelling the cautious progress that had been made since a transitional government was established in April to replace struggling ex-Prime Minister Ariel Henry. In late November, the UN began evacuating its staff from Haiti as gangs swarmed the capital, with estimates suggesting that gangs now control around 80–90% of Port-au-Prince. This came after the transitional government fired Prime Minister Garry Conille, replacing him with businessman Alix Didier Fils-Aimé. Conille has contested the decision, potentially sparking a constitutional crisis and delaying elections beyond their planned February 2026 deadline; such chronic political instability is preventing a sustainable economic recovery.Haiti Economic Forecasts
Projections out to 2034.34 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 6 expert analysts.
Want to get insight on the economic outlook for Haiti in the coming years? FocusEconomics collects projections out to 2034 on 34 economic indicators for Haiti from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Haiti economy. To download a sample report on the Haiti's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.