|
Economy - overview:
|
About 70% 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%
|
|
GDP - per capita:
|
purchasing power parity -
$1,700 |
|
GDP - composition by sector:
|
agriculture: 30%
industry: 30%
services: 50% |
|
Population below poverty line:
|
70%
|
|
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
|
Inflation rate (consumer prices):
|
14%
|
|
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:
|
1%
|
|
Electricity - production:
|
522 million kWh (2000)
|
|
Electricity - production by source:
|
fossil fuel: 69%
hydro: 31%
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 100%, 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
|
