The economy of Haiti shrank by 1.7% year-on-year in FY 2022, marking the fourth consecutive fiscal year of economic contraction. The country's delicate security situation, political instability, the fuel crisis and the war in Ukraine hampered the much-desired economic recovery from the pandemic crisis. source: L'Institut Haïtien de Statistique et d'Informatique (IHSI)

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. This page provides - Haiti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Haiti GDP Annual Growth Rate - values, historical data and charts - was last updated on June of 2023.

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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

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