Haiti GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Haiti expanded 4.30 percent in 2013 from the previous year. GDP Annual Growth Rate in Haiti averaged 1.32 Percent from 1997 until 2013, reaching an all time high of 5.50 Percent in 2011 and a record low of -5.50 Percent in 2010. GDP Annual Growth Rate in Haiti is reported by the Banque de la République d'Haiti.
||1997 - 2013
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.