Haiti GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Haiti expanded 2.80 percent in 2012 from the previous year. GDP Annual Growth Rate in Haiti is reported by the Banque de la République dHaiti. From 1997 until 2012, Haiti GDP Annual Growth Rate averaged 1.1 Percent reaching an all time high of 5.6 Percent in December of 2011 and a record low of -5.4 Percent in December of 2010. 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. This page provides - Haiti GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.80 5.60 5.60 -5.40 1.70 | 2013/12 1997 - 2012 Percent Yearly

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Haiti GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 7.84 2012-12-31 7.35 7.84 1.81 8.58 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 2.80 2012-12-31 5.60 5.60 -5.40 1.70 2013-12-31 Percent [+]
GDP per capita 459.70 2012-12-31 453.36 599.80 435.28 476.32 2014-06-30 USD [+]
GDP per capita PPP 1058.36 2012-12-31 1043.77 1380.91 1002.14 1106.55 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Haiti Inflation Rate at 3.20 Percent  
The inflation rate in Haiti was recorded at 3.20 percent in February of 2014. Inflation Rate in Haiti is reported by the Banque de la République d'Haiti.
Haiti Interest Rate at 7.00 Percent  
The benchmark interest rate in Haiti was last recorded at 7 percent. Interest Rate in Haiti is reported by the Banque de la République d'Haiti.
Haiti Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Haiti stands at 10 percent. Sales Tax Rate in Haiti is reported by the Ministry of the Economy & Finance.
Haiti Balance of Trade at -227.50 USD Million  
Haiti recorded a trade deficit of 227.50 USD Million in June of 2013. Balance of Trade in Haiti is reported by the Banque de la République d'Haiti.
Haiti Current Account at -176.40 USD Million  
Haiti recorded a Current Account deficit of 176.40 USD Million in the second quarter of 2013. Current Account in Haiti is reported by the Banque de la République d'Haiti.
Haiti Exports at 76.74 USD Million  
Exports in Haiti decreased to 76.74 USD Million in June of 2013 from 87.43 USD Million in May of 2013. Exports in Haiti is reported by the Banque de la République d'Haiti.
Haiti Remittances at 1988.00 USD Million  
Remittances in Haiti decreased to 1988 in December of 2012 from 2057 in December of 2011.
Haiti Imports at 304.24 USD Million  
Imports in Haiti decreased to 208.80 USD Million in March of 2013 from 222.39 USD Million in February of 2013. Imports in Haiti is reported by the Banque de la République dHaiti.
Haiti GDP per capita at 459.70 USD  
The Gross Domestic Product per capita in Haiti was last recorded at 459.70 US dollars in 2012. The GDP per Capita in Haiti is equivalent to 4 percent of the worlds average. GDP per capita in Haiti is reported by the World Bank.
Haiti GDP per capita PPP at 1058.36 USD  
The Gross Domestic Product per capita in Haiti was last recorded at 1058.36 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Haiti, when adjusted by Purchasing Power Parity is equivalent to 5 percent of the worlds average. GDP per capita PPP in Haiti is reported by the World Bank.
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