food, manufactured goods, machinery and transport equipment, fuels, raw materials
Main import partners
United States 30.8%
Dominican Republic 26.1%
China 16% (2022)[10]
FDI stock
$1.46 billion (31 December 2017 est.)[5]
Gross external debt
$2.607 billion (31 December 2017 est.)[5]
Public finances
Government debt
31.1% of GDP (2017 est.)[5]
Revenues
$1.58 billion (2017 est.)[5]
Expenses
$2.251 billion (2017 est.)[5]
Economic aid
$600 million (FY04 est.)
Foreign reserves
$2.044 billion (31 December 2017 est.)[5]
Main data source:CIA World Fact Book All values, unless otherwise stated, are in US dollars.
Haiti is a free market economy[11][12][13] with low labor costs. A republic, it was a French colony before gaining independence in an uprising by its enslaved people. It faced embargoes and isolation after its independence as well as political crises punctuated by foreign interventions and devastating natural disasters. Haiti's estimated population in 2018 was 11,439,646.[14][15]The Economist reported in 2010:
"Long known as the poorest country in the Western hemisphere, Haiti has stumbled from one crisis to another since the Duvalier (François Duvalier) years."[16]
Haiti has an agricultural economy. Over half of the world's vetiver oil (an essential oil used in high-end perfumes) comes from Haiti. Bananas, cocoa, and mangoes are important export crops. Haiti has also moved to expand to higher-end manufacturing, producing Android-based tablets[17] and current sensors and transformers.[18] Its major trading partner is the United States (US), which provides the country with preferential trade access to the US market through the Haiti Hemispheric Opportunity through Partnership Encouragement (HOPE) and the Haiti Economic Lift Program Encouragement Acts (HELP) legislation.
Vulnerability to natural disasters, as well as poverty and limited access to education are among Haiti's most serious disadvantages.[5] Two-fifths of all Haitians depend on the agriculture sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation.[5] Haiti suffers from a severe trade deficit, which it is working to address by moving into higher-end manufacturing and more value-added products in the agriculture sector. Remittances are the primary source of foreign exchange, equaling nearly 20% of GDP.[5] Haiti's economy was severely impacted by the 2010 Haiti earthquake which occurred on 12 January 2010.[5]
^"World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
^"World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
^ abcde"World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 22 October 2019.
^Global Economic Prospects, June 2020. World Bank. 8 June 2020. p. 86. doi:10.1596/978-1-4648-1553-9. ISBN 978-1-4648-1553-9. Retrieved 16 June 2020. {{cite book}}: |website= ignored (help)
^ abcdefghijklmnoCIA World Factbook, Haiti entry, accessed 31 January 2017.
^"GINI index (World Bank estimate) - Haiti". data.worldbank.org. World Bank. Retrieved 12 January 2020.
^"Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^"Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^"Export Partners of Haiti". The Observatory of Economic Complexity. Retrieved 14 March 2024.
^"Import Partners of Haiti". The Observatory of Economic Complexity. Retrieved 14 March 2024.
^"Haiti". Forbes.
^The World Factbook
^"BTI 2022 Haiti Country Report".
^"World Population Prospects 2022". United Nations Department of Economic and Social Affairs, Population Division. Retrieved 17 July 2022.
^"World Population Prospects 2022: Demographic indicators by region, subregion and country, annually for 1950-2100" (XSLX) ("Total Population, as of 1 July (thousands)"). United Nations Department of Economic and Social Affairs, Population Division. Retrieved 17 July 2022.
^"The World In Figures". The Economist. 13 November 2009. ISSN 0013-0613. Retrieved 17 April 2022.
^"Surtab". Surtab. Retrieved 5 May 2015.
^"Manutech". Manutech. Retrieved 5 May 2015.
Cite error: There are <ref group=note> tags on this page, but the references will not show without a {{reflist|group=note}} template (see the help page).
Haiti is a free market economy with low labor costs. A republic, it was a French colony before gaining independence in an uprising by its enslaved people...
Haiti, officially the Republic ofHaiti, is a country on the island of Hispaniola in the Caribbean Sea, east of Cuba and Jamaica, and south of The Bahamas...
allies: the Revolutionary Forces of the G9 Family and Allies (FRG9 or G9) and the G-Pep. The Government ofHaiti and Haitian security forces have struggled...
director-general of the Ministry ofEconomy and Finance from 2018 to 2020. Amid the February–March 2024 escalation of the gang war in Haiti, Boisvert has...
Corruption in Haiti occurs at one of the worst rates in the world. Corruption disrupts all attempts to establish a rule of law, a sustainable democracy...
external debt ofHaiti is a notable and controversial national debt which mostly stems from an outstanding 1825 compensation to former slavers of the French...
Buildings of Ramiers Haiti portal Visa policy ofHaitiEconomyofHaiti Daniel, Trenton (8 July 2013). "Haiti hopes push to woo tourists pays off". The Burlington...
Haiti—an island country 600 miles off the coast of the U.S. state of Florida—shares the Caribbean island of Hispaniola with the Dominican Republic. Haiti...
Bank of the Republic ofHaiti (Haitian Creole: Bank Repiblik Dayiti, French: Banque de la République d'Haïti; BRH) is the central bank ofHaiti. It was...
recorded history ofHaiti began in 1492, when the European captain and explorer Christopher Columbus landed on a large island in the region of the western...
currencies of the Caribbean EconomyofHaiti "3310.- Monnaie de la République d'Haiti » Haiti-Référence". Facsimiles ofHaitian banknotes Coins ofHaiti Archived...
the debt removing $21 billion from the Haitianeconomy. The first annual payment alone was six times Haiti's annual revenue. The payment was later reduced...
Coffee production in Haiti has been important to its economy since the early 18th century, when the French brought the coffee plant to the colony, then...
Haitian Vodou (/ˈvoʊduː/) is an African diasporic religion that developed in Haiti between the 16th and 19th centuries. It arose through a process of...
nearly 800% larger than the Haitianeconomy. As of 2018[update], the estimated annual per capita income is US$868 in Haiti and US$8,050 in the Dominican...
The Haitian occupation of Santo Domingo (Spanish: Ocupación haitiana de Santo Domingo; French: Occupation haïtienne de Saint-Domingue; Haitian Creole:...
States occupation ofHaiti began on July 28, 1915, when 330 U.S. Marines landed at Port-au-Prince, Haiti, after the National City Bank of New York convinced...
The First Empire ofHaiti, officially known as the Empire ofHaiti (French: Empire d'Haïti; Haitian Creole: Anpi an Ayiti), was an elective monarchy in...
mainstay of the economyofHaiti in the late 1980s; it employed approximately 66 percent of the labor force and accounted for about 35 percent of GDP and...
The government ofHaiti is a semi-presidential republic, a multi-party system wherein the President ofHaiti is head of state elected directly by popular...
Forces ofHaiti (French: Forces Armées d'Haïti—FAd'H), consisted of the Haitian Army, Haitian Navy (at times), the Haitian Air Force, Haitian Coast Guard...
(French: Dynastie des Duvalier, Haitian Creole: Dinasti Duvalier) was an autocratic hereditary dictatorship in Haiti that lasted almost 29 years, from...
The Kingdom ofHaiti, or Kingdom of Hayti (French: Royaume d'Haïti; Haitian Creole: Wayòm an Ayiti) was the state established by Henri Christophe on 28...