Haiti

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Introduction - Haiti:
Location - Haiti:
People - Haiti:
Government - Haiti:
Economy - Haiti:
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 agriculture sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the countrys 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 investment, 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. In 2006, Haiti held a successful donors conference in which the total aid pledged exceeded Haitis request. Remittances are the primary source of foreign exchange, equaling nearly a quarter of GDP.

Gdp purchasing power parity	$14.79 billion (2006 est.)

Gdp official exchange rate	$5.964 billion (2006 est.)

Gdp real growth rate	2.5% (2006 est.)

Gdp per capita ppp	$1,800 (2006 est.)

Gdp composition by sector	agriculture: 28% industry: 20% services: 52% (2004 est.)

Labor force	3.6 million note: shortage of skilled labor, unskilled labor abundant (1995)

Labor force by occupation	agriculture: 66% industry: 9% services: 25%

Unemployment rate	widespread unemployment and underemployment; more than two-thirds of the labor force do not have formal jobs (2002 est.)

Population below poverty line	80% (2003 est.)

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	14.4% (2006 est.)

Investment gross fixed	27.4% of GDP (2004 est.)

Budget	revenues: $385 million expenditures: $807.7 million; including capital expenditures of $NA (2006 est.)

Agriculture products	coffee, mangoes, sugarcane, rice, corn, sorghum; wood

Industries	sugar refining, flour milling, textiles, cement, light assembly based on imported parts

Industrial production growth rate	NA%

Electricity production	536.2 million kWh (2004)

Electricity consumption	498.6 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	0 bbl/day (2004 est.)

Oil consumption	11,600 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$58.72 million (2006 est.)

Exports	$443.7 million f.o.b. (2006 est.)

Exports commodities	manufactures, coffee, oils, cocoa, mangoes

Exports partners	US 80.4%, Dominican Republic 7.7%, Canada 3% (2006)

Imports	$1.721 billion f.o.b. (2006 est.)

Imports commodities	food, manufactured goods, machinery and transport equipment, fuels, raw materials

Imports partners	US 46%, Netherlands Antilles 11.8%, China 3.4% (2006)

Reserves of foreign exchange and gold	$123.4 million (2006 est.)

Debt external	$1.309 billion (2006 est.)

Economic aid recipient	$153 million (FY05 est.)

Currency code	gourde (HTG)

Exchange rates	gourdes per US dollar - 40.232 (2006), 40.449 (2005), 38.352 (2004), 42.367 (2003), 29.251 (2002)

Communications - Haiti:
Transportation - Haiti:
Military - Haiti:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: South and central America : Poorest : Republic : Small to 100 000 km2 : Population to 10 000 000 people

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Haiti

Haiti: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Haiti

Economy overview

Gdp purchasing power parity

$14.79 billion (2006 est.)

Gdp official exchange rate

$5.964 billion (2006 est.)

Gdp real growth rate

2.5% (2006 est.)

Gdp per capita ppp

$1,800 (2006 est.)

Gdp composition by sector

agriculture: 28% industry: 20% services: 52% (2004 est.)

Labor force

3.6 million note: shortage of skilled labor, unskilled labor abundant (1995)

Labor force by occupation

agriculture: 66% industry: 9% services: 25%

Unemployment rate

widespread unemployment and underemployment; more than two-thirds of the labor force do not have formal jobs (2002 est.)

Population below poverty line

80% (2003 est.)

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

14.4% (2006 est.)

Investment gross fixed

27.4% of GDP (2004 est.)

Budget

revenues: $385 million expenditures: $807.7 million; including capital expenditures of $NA (2006 est.)

Agriculture products

coffee, mangoes, sugarcane, rice, corn, sorghum; wood

Industries

sugar refining, flour milling, textiles, cement, light assembly based on imported parts

Industrial production growth rate

NA%

Electricity production

536.2 million kWh (2004)

Electricity consumption

498.6 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

11,600 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$58.72 million (2006 est.)

Exports

$443.7 million f.o.b. (2006 est.)

Exports commodities

manufactures, coffee, oils, cocoa, mangoes

Exports partners

US 80.4%, Dominican Republic 7.7%, Canada 3% (2006)

Imports

$1.721 billion f.o.b. (2006 est.)

Imports commodities

food, manufactured goods, machinery and transport equipment, fuels, raw materials

Imports partners

US 46%, Netherlands Antilles 11.8%, China 3.4% (2006)

Reserves of foreign exchange and gold

$123.4 million (2006 est.)

Debt external

$1.309 billion (2006 est.)

Economic aid recipient

$153 million (FY05 est.)

Currency code

gourde (HTG)

agriculture: 28%
industry: 20%
services: 52% (2004 est.)

3.6 million
note: shortage of skilled labor, unskilled labor abundant (1995)

agriculture: 66%
industry: 9%
services: 25%

lowest 10%: NA%
highest 10%: NA%

revenues: $385 million
expenditures: $807.7 million; including capital expenditures of $NA (2006 est.)