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Haiti


    • Overview:
      About 75% of the population live in abject poverty. Agriculture is mainly small-scale subsistence farming and employs two-thirds of the work force. The majority of the population does not have ready access to safe drinking water, adequate medical care, or sufficient food. The lack of employment opportunities remains one of the most critical problems facing the economy, along with soil erosion and political instability. International trade sanctions in response to the September 1991 coup against President ARISTIDE further damaged the economy. The restoration of President ARISTIDE, the lifting of sanctions in late 1994, and foreign aid will alleviate some economic problems. Haiti will continue to depend heavily on foreign aid.

    • National product:
      GDP - purchasing power parity - $5.6 billion (1994 est.)

    • National product real growth rate:
      -15% (1994 est.)

    • National product per capita:
      $870 (1994 est.)

    • Inflation rate (consumer prices):
      52% (FY93/94 est.)

    • Unemployment rate:
      50% (1994 est.)

    • Budget:

        revenues:
        $56 million

        expenditures:
        $131 million, including capital expenditures of $6 million (1994 est.)

    • Exports:
      $173.3 million (f.o.b., 1993 est.)

        commodities:
        light manufactures 65%, coffee 19%, other agriculture 8%, other 8%

        partners:
        US 81%, Europe 12% (1993)

    • Imports:
      $476.8 million (f.o.b., 1993 est.)

        commodities:
        machines and manufactures 34%, food and beverages 22%, petroleum products 14%, chemicals 10%, fats and oils 9%

        partners:
        US 51%, Europe 16%, Latin America 18% (1993)

    • External debt:
      $871 million (September 1994)

    • Industrial production:
      growth rate -2% (1991 est.); accounts for 15% of GDP

    • Electricity:

        capacity:
        150,000 kW

        production:
        590 million kWh

        consumption per capita:
        86 kWh (1993)

    • Industries:
      sugar refining, textiles, flour milling, cement manufacturing, tourism, light assembly industries based on imported parts

    • Agriculture:
      accounts for 28% of GDP and employs two-thirds of work force; mostly small-scale subsistence farms; commercial crops - coffee, mangoes, sugarcane, wood; staple crops - rice, corn, sorghum; shortage of wheat flour

    • Illicit drugs:
      transshipment point for cocaine and marijuana en route to the US and Europe

    • Economic aid:

        recipient:
        US commitments, including Ex-Im (1970-89), $700 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $770 million

    • Currency:
      1 gourde (G) = 100 centimes

    • Exchange rates:
      gourdes (G) per US$1 - 14.10 (1 December 1994), 12.00 (1 July 1993), 8.4 (December 1991), fixed rate of 5.000 through second quarter of 1991

    • Fiscal year:
      1 October - 30 September






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