Support our Sponsor

. . Flags of the World Maps of All Countries

  • |Main Index|
  • 2002 INDEX
  • Country Ranks
  • DEFINITIONS
  • geographic.org Home PageCountry Index

    Haiti Economy - 2002
    http://www.greekorthodoxchurch.org/wfb2002/haiti/haiti_economy.html
    SOURCE: 2002 CIA WORLD FACTBOOK

      Economy - overview About 80% of the population lives in abject poverty. Nearly 70% of all Haitians depend on the agriculture sector, which consists mainly of small-scale subsistence farming and employs about two-thirds of the economically active work force. The country has experienced little job creation since the former President PREVAL took office in February 1996, although the informal economy is growing. 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 the contraction will likely intensify in 2002 unless a political agreement with donors is reached and aid restored.

      GDP purchasing power parity - $12 billion (2001 est.)

      GDP - real growth rate -1.2% (2001 est.)

      GDP - per capita purchasing power parity - $1,700 (2001 est.)

      GDP - composition by sector
      agriculture: 30%
      industry: 20%
      services: 50% (2001 est.)

      Population below poverty line 80% (1998 est.)

      Household income or consumption by percentage share
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices) 14% (2001 est.)

      Labor force 3.6 million (1995)
      note: shortage of skilled labor, unskilled labor abundant (2001)

      Labor force - by occupation agriculture 66%, services 25%, industry 9%

      Unemployment rate widespread unemployment and underemployment; more than two-thirds of the labor force do not have formal jobs (2001)

      Budget
      revenues: $273 million
      expenditures: $361 million, including capital expenditures of $NA (FY00/01 est.)

      Industries sugar refining, flour milling, textiles, cement, light assembly industries based on imported parts

      Industrial production growth rate 0.6% (1997 est.)

      Electricity - production 522 million kWh (2000)

      Electricity - production by source
      fossil fuel: 68.97%
      hydro: 31.03%
      other: 0% (2000)
      nuclear: 0%

      Electricity - consumption 485.46 million kWh (2000)

      Electricity - exports 0 kWh (2000)

      Electricity - imports 0 kWh (2000)

      Agriculture - products coffee, mangoes, sugarcane, rice, corn, sorghum; wood

      Exports $326.6 million (f.o.b., 2001)

      Exports - commodities manufactures, coffee, oils, cocoa

      Exports - partners US 90%, EU 6% (2000)

      Imports $977.5 million (c.i.f., 2001)

      Imports - commodities food, manufactured goods, machinery and transport equipment, fuels, raw materials

      Imports - partners US 60%, EU 10.5%, Dominican Republic 3.7% (2000)

      Debt - external $1.2 billion (1999)

      Economic aid - recipient $730.6 million (1995)

      Currency gourde (HTG)

      Currency code HTG

      Exchange rates gourdes per US dollar - 26.674 (January 2002), 26.339 (2001), 22.524 (2000), 17.965 (1999), 16.505 (1998), 17.311 (1997)

      Fiscal year 1 October - 30 September

      NOTE: The information regarding Haiti on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Haiti Economy 2002 information contained here. All suggestions for corrections of any errors about Haiti Economy 2002 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -


    Language Translation Services - All Languages


    http://www.photius.com/wfb2002/haiti/haiti_economy.html

    Revised 30-Jan-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


    CTR030130