Haiti Economy Snapshot - Prosperity Data360

World Bank • 2025 • 5 pages

Summary — A comprehensive economic data snapshot of Haiti for 2024, showing key indicators including GDP, inflation, trade, finance, and competitiveness metrics. The document presents Haiti's economic performance compared to regional and global averages.

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Key Findings

Haiti's economy contracted by 4.17% in 2024, indicating severe economic challenges.
Inflation reached an extremely high level of 26.95% in 2024, severely impacting purchasing power.
GDP per capita remains low at $3,180 (PPP), reflecting limited economic development.
Financial inclusion is very low, with only 6.85% using digital payments and 5.95% using cards.
Haiti scores poorly on business competitiveness indicators, particularly in investor protection (18.0) and insolvency resolution (0.0).

Full Description

This World Bank Prosperity Data360 economy snapshot provides a comprehensive overview of Haiti's economic situation as of 2024. Haiti is classified as a lower middle-income country within the Latin America and Caribbean region, with a GDP per capita of $3,180 (PPP) and a population of 11.77 million people.

The economic indicators reveal significant challenges, with GDP growth showing a negative 4.17% in 2024 and inflation running extremely high at 26.95%. The employment to population ratio stands at 55.11% (2012 data), while 60.47% of the population lives in urban areas. The female to male labor force ratio is 73.33%, indicating gender disparities in employment.

In terms of financial inclusion and competitiveness, Haiti lags behind regional and global averages across most indicators. Only 6.85% of the population used mobile phones or internet to pay bills (2017), and 5.95% used debit or credit cards. The Doing Business score shows Haiti performing below Latin American and Caribbean averages in most categories, with particularly low scores in protecting minority investors (18.0) and resolving insolvency (0.0).

The data spans from 2012 to 2024, with most recent economic indicators from 2024, providing insights into Haiti's economic trajectory and highlighting areas where policy interventions may be needed to improve economic performance and competitiveness.

Full Document Text

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Prosperity Data360 Economy Snapshot Finance, Competitiveness & Innovation HAITI LATIN AMERICA & CARIBBEAN (LCN) ; LOWER MIDDLE INCOME GDP Per Capita, PPP (USD, thousands)3.18 (2024) GDP Growth (annual %) -4.17 (2024) Population (millions) 11.77 (2024) Inflation, Consumer Prices (annual %)26.95 (2024) Employment to Population Ratio (%) 55.11 (2012) Urban Population (%) 60.47 (2024) Female/Male Labor Force (%) 73.33 (2012) Trade Trade Balance and Current Account SOURCE: WDI Current US$, billion % of GDP Top Exports, by % of total value SOURCE: WITS Top Imports, by % of total value SOURCE: WITS Prosperity Data360 UPDATED ON: 2025-10-07 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Investment FDI Investments Inv. with private participation (USD, bn.) SOURCE: WDI Sectoral composition Value added, % GDP Employment, % of total SOURCE: WDI Prosperity Data360 UPDATED ON: 2025-10-07 Value Added in Manufacturing (%) SOURCE: WDI Finance - Access & Stability Indicator YearOverallFemaleMale LCNLCN(F)LCN(M)WLDWLD(F)WLD(M) Account (% age 15+) 2024 - - - 62.8259.5466.4670.5767.4573.69 Financial institution account (% age 15+) 2024 - - - 59.5456.1163.3463.4260.9566.67 Mobile money account (% age 15+) 2024 - - - 25.2927.0132.832.4932.740.85 Owns a debit or credit card (% age 15+) 2022 - - - 25.6420.5731.2117.2714.6120.19 Made or received a digital payment (% age 15+) 2024 - - - 48.4144.5252.7351.8847.5756.37 Used a mobile phone or the internet to pay bills (% age 15+) 2017 6.85 - - 8.73 7.9713.3422.8633.837.04 Used a debit or credit card (% age 15+) 2017 5.95 - - 23.42 - - 26.32 - - Commercial bank branches (per 100,000 adults) 2020 2.62 - - 2.62 - - 2.38 - - Bank capital to assets ratio (%) 2023 - - - 11.87 - - 9.48 - - Bank nonperforming loans to total gross loans (%) 2023 - - - 4.44 - - 5.48 - - SOURCE: FINDEX & WDI Competitiveness Doing Business Categories Indicator Year HTI LCN WLD Doing Business 202040.7259.5163.05 Starting a business 202036.4379.9884.36 Dealing with construction permits 2020 44.2263.6265.85 Getting electricity 2020 57.1772.1169.66 Registering property 202030.3755.462.06 Getting credit 2020 35.052.1254.42 SOURCE: DOING BUSINESS Indicator Year HTI LCN WLD Protecting minority investors 2020 18.047.8851.57 Paying taxes 202057.5860.9169.46 Trading across borders 2020 76.969.4471.45 Enforcing contracts 2020 51.5753.8556.35 Resolving insolvency 2020 0.0 39.845.36 Prosperity Data360 UPDATED ON: 2025-10-07 Enterprise Survey - Constraints SOURCE: ENTERPRISE SURVEYS Global Competitiveness Index (2019) Enabling the Business of Agriculture (2019) SOURCE: WEF GCI SOURCE: EBA Logistics Performance Index (2023) SOURCE: LPI Prosperity Data360 UPDATED ON: 2025-10-07 Disclaimer The Prosperity Data360 platform only aggregates publicly available data and does not produce or own any mentioned data. The World Bank’s Doing Business (DB) report was discontinued on September 16th, 2021 due to data irregularities. Data rectification of affected historical DB data (2016-2020) was carried out. This historical data, including the sets incorporated in these sheets, may be used for research and analysis. Region and income group mapping followed in the data sheets are as per the official World Bank classification. Aggregates calculated do not include economies absent in the World Bank list. Economy borders or names do not necessarily reflect the World Bank Group's official position. Maps available through the Prosperity Data360 are for illustrative purposes and do not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any economy or territory or concerning the delimitation of frontiers or boundaries. Prosperity Data360 UPDATED ON: 2025-10-07

How to cite

World Bank, 2025, Haiti Economy Snapshot - Prosperity Data360, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-2025-haiti-economy-snapshot-prosperity

Haiti Economy Snapshot - Prosperity Data360

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