General Information

The textile sector is the mainstay of Haitian exports and makes a significant export sales contribution of 84%.
(Source: Banque de la République d'Haïti)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 9,602

millions

0.2%

 

USD 854

 

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) 1.5% 1.2% 1.5% -1.2% -4.0% 1.2%
Nominal GDP (USD millions) 8,178 8,608 9,525 9,602 9,648 9,648
GDP per Head (USD) 754 784 857 854 848 848
Inflation (%) 12.5% 15.4% 13.3% 20.1% 23.0% 20.0%
Fiscal Balance (% GDP) 0.0% 0.3% -1.7% -2.4% -5.1% -3.0%
General Govt. gross debt (% GDP) 33.7% 31.0% 33.0% 36.2% 42.7% 44.3%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 84.0%   Dominican Republic 37.3%
Canada 3.1%   US   22.0%
Vietnam 2.0%   China   11.0%
Mexico 1.8%   Peru   2.9%
           
By products     By products  
Manufactures 96.4%   Manufactures 50.4%
Agricultural products 3.6%   Fuels and mining prod. 23.8%
      Agricultural products 21.8%

 

   
Balance of Payments (USD millions) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 1,020 1,010 1,025 1,043 953 973
Exports growth (%) 2.6% -1.0% 1.5% 1.7% -8.6% 2.1%
Imports of Goods 4,089 4,513 4,789 4,840 4,380 4,489
Imports growth (%) -2.1% 10.4% 6.1% 1.1% -9.5% 2.5%
Foreign Trade (% GDP) 62% 64% 61% 50% 55% 57%
             
Current Account Balance -73 -86 -368 -135 -344 -79
% GDP -0.9% -1.0% -3.9% -1.4% -3.6% -0.8%
Foreign Direct Investment 111 113 117 48 29 29
% GDP 1.4% 1.3% 1.2% 0.5% 0.3% 0.3%
   

 

 

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