The Haitian economy advanced 1.5 percent year-on-year in 2018, faster than a 1.2 percent growth in 2017 which was greatly impacted by natural disasters as well as political turbulence. In 2018, overall growth was seen across sectors: agriculture (1.0% vs 0.8% in 2017); construction (2.1% vs 0.9%); manufacturing (1.2% vs 1.0%); transportations and communications (1.0%, the same pace of 2017) and trade, restaurants & hotels (0.9% vs 1.1%).

GDP Annual Growth Rate in Haiti averaged 1.40 percent from 1997 until 2018, reaching an all time high of 5.50 percent in 2011 and a record low of -5.50 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 October of 2020.

GDP Annual Growth Rate in Haiti is expected to reach -5.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Haiti GDP Annual Growth Rate is projected to trend around 1.80 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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Haiti GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.20 5.50 -5.50 1997 - 2018 percent Yearly

Haiti GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.50 1.20 5.50 -5.50 percent [+]
GDP 8.50 9.66 9.66 0.27 USD Billion [+]
GDP per capita 714.48 730.30 1225.00 665.63 USD [+]
GDP per capita PPP 1728.91 1767.18 2199.87 1610.69 USD [+]
GDP Constant Prices 16277.00 16039.00 16277.00 12410.00 HTG Million [+]

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.