The Gross Domestic Product (GDP) in Haiti contracted 1.70 percent in the fourth quarter of 2022 over the same quarter of the previous year. GDP Annual Growth Rate in Haiti averaged 1.04 percent from 1997 until 2022, reaching an all time high of 6.30 percent in 2009 and a record low of -3.80 percent in 2010. source: L'Institut Haïtien de Statistique et d'Informatique (IHSI)

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Haiti GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate -1.70 -1.80 percent Dec 2022
GDP 20.25 20.88 USD Billion Dec 2022
GDP per Capita 1247.89 1284.48 USD Dec 2022
GDP per Capita PPP 2799.11 2881.18 USD Dec 2022
GDP Constant Prices 16277.00 16039.00 HTG Million Dec 2018

Haiti GDP Annual Growth Rate
Haiti is one of the poorest and most politically unstable countries in the Caribbean. The devastating earthquake in 2010 caused damages in excess of 150 percent of GDP and destroyed most of the infrastructure. More than 80 percent of the population lives in poverty and the country relies heavily on remittances and foreign aid. The most important sector of the economy is substance agriculture which employs over 40 percent of the labour force. Despite having one the lowest trade tariffs in the Caribbean and a preferential trade agreement with the United States, Haiti failed to boost its trade due to lack of infrastructure and bureaucracy. Furthermore, the lack of a functioning legal system and endemic corruption make foreign investors reluctant to set up companies.
Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -1.80 6.30 -3.80 1997 - 2022 percent Yearly