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| Economy overview | In this poorest country in the Western Hemisphere, 80% of the population lives in abject poverty. Two-thirds of all Haitians depend on the agriculture sector, which consists mainly of small-scale subsistence farming. Following legislative elections in May 2000, fraught with irregularities, international donors - including the US and EU - suspended almost all aid to Haiti. The economy shrank an estimated 1.2% in 2001 and an estimated 0.9% in 2002. Suspended aid and loan disbursements totaled more than $500 million at the start of 2003. Haiti also suffers from rampant inflation, a lack of investment, and a severe trade deficit. The resumption of aid flows from all donors will alleviate but not end the nation's bitter economic problems. Extensive civil strife in early 2004, marked by the flight of President ARISTIDE, further impoverished Haiti. |
| GDP | purchasing power parity - $12.3 billion (2004 est.) |
| GDP - real growth rate | 0% (2004 est.) |
| GDP - per capita | purchasing power parity - $1,600 (2004 est.) |
| GDP - composition by sector |
agriculture: 30% industry: 20% services: 50% (2001 est.) |
| Investment gross fixed | |
| Population below poverty line | 80% (2003 est.) |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 37.8% (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.) |
| Budget |
revenues: $231.6 million expenditures: $366.7 million, including capital expenditures of na (2004 est.) |
| Public debt | |
| Agriculture products | coffee, mangoes, sugarcane, rice, corn, sorghum, wood |
| Industries | sugar refining, flour milling, textiles, cement, light assembly industries based on imported parts |
| Industrial production growth rate | NA |
| Electricity production | 580 million kWh (2001) |
| Electricity production by source |
fossil fuel: 60.3% hydro: 39.7% other: 0% (2001) nuclear: 0% |
| Electricity consumption | 539.4 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 11,000 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | $-48 million (2004 est.) |
| Exports | $321 million f.o.b. (2004 est.) |
| Exports commodities | manufactures, coffee, oils, cocoa |
| Exports partners | US 83.8%, Dominican Republic 6.5%, Canada 3.2% (2003) |
| Imports | $1.028 billion f.o.b. (2003 est.) |
| Imports commodities | food, manufactured goods, machinery and transport equipment, fuels, raw materials |
| Imports partners | US 53.5%, Dominican Republic 5.9%, Colombia 2.9% (2003) |
| Reserves of foreign exchange gold | $73 million (2004 est.) |
| Debt external | $1.2 billion (1999) |
| Economic aid recipient | $120 million (FY02) |
| Currency | gourde (HTG) |
| Currency code | HTG |
| Exchange rates | gourdes per US dollar - 40.5 (2003), 29.2505 (2002), 24.4291 (2001), 21.1707 (2000), 16.9379 (1999) |
| Fiscal year | 1 October - 30 September |
Introduction and Background to Haiti | Geography Of Haiti | People Of Haiti | Government Of Haiti | Communications Of Haiti | Transportation Of Haiti | Military Of Haiti | Transnational Issues Of Haiti
Haitian Flag Map Of Haiti Haitian Creole French language
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