(2024-04) Haiti Macro Poverty Outlook - Datasheet
Summary — Statistical datasheet accompanying the Spring 2024 World Bank Macro Poverty Outlook for Haiti: the full projection table of macroeconomic and poverty indicators.
Key Findings
- Fourth consecutive year of negative growth: real GDP fell 1.9 percent (market prices) in FY23 and is projected at -1.8 percent in FY24, with agriculture (over 40 percent of the labor force) contracting 5.6 percent.
- The textile sector, the largest formal private employer, lost about 26,000 of its 56,000 jobs as two large operations closed, driving workers into poverty.
- The $3.65-per-day poverty rate reached an estimated 63 percent in FY23 and is projected above 64 percent in FY24 as per-capita GDP falls 3.0 percent.
- Inflation was 44.2 percent in FY23 and is projected to ease to 27 percent in FY24 and 20 percent in FY25 as monetary policy tightens.
- The fiscal deficit narrowed to 2.3 percent of GDP in FY23 (from 3.2 percent in FY22) and is projected at 1.4 percent in FY24, but BRH monetary financing still exceeded statutory limits.
- Remittances stayed strong at 18.9 percent of GDP while the current account deficit widened to 3.4 percent of GDP and the gourde depreciated 13.7 percent.
Full Description
The statistical annex to the Spring 2024 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 (2024-04) MPO Haiti country brief, Spring 2024 edition. Part of the semiannual MPO series.