(2023-04) Haiti Macro Poverty Outlook - Datasheet
Summary — Statistical datasheet accompanying the Spring 2023 World Bank Macro Poverty Outlook for Haiti: the full projection table of macroeconomic and poverty indicators.
Key Findings
- GDP contracted 1.7 percent in 2022, with agriculture down 4.5 percent and services down 2.1 percent amid political crisis and gang violence.
- The fiscal deficit widened to 3.2 percent of GDP in 2022 as tax revenue fell to 5.2 percent of GDP and fuel subsidies rose; the gourde depreciated 17.4 percent and inflation hit 38.7 percent by end-FY22.
- Remittances declined for the first time in decades, the current account turned to a 2.5 percent of GDP deficit, and net international reserves fell 71 percent to US$141 million.
- GDP is projected to contract a further 1.1 percent in FY23 before rebounding to 1.5 percent in 2024 and 2.5 percent in 2025, conditional on political stabilization and improved security.
- Poverty at the $3.65 (2017 PPP) line rose to about 62 percent in 2022 and is expected to remain near 62 percent through 2024, with risks firmly to the downside.
Full Description
The statistical annex to the Spring 2023 edition of the World Bank Macro Poverty Outlook for Haiti. It presents the complete data table underlying the country brief: historical values and projections for real GDP growth, inflation, the fiscal balance and revenues, public debt, the current account, and poverty headcount rates at the international, lower-middle-income, and upper-middle-income lines, reported by fiscal year.
Notes
Statistical datasheet companion to the (2023-04) MPO Haiti country brief, Spring 2023 edition. Part of the semiannual MPO series.