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. 1996 Index
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Haiti Economy 1996
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.
GDP - purchasing power parity - $5.6 billion (1994 est.)
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National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$131 million, including capital expenditures of $6 million (1994 est.)
$173.3 million (f.o.b., 1993 est.)
light manufactures 65%, coffee 19%, other agriculture 8%, other 8%
US 81%, Europe 12% (1993)
$476.8 million (f.o.b., 1993 est.)
machines and manufactures 34%, food and beverages 22%, petroleum products
14%, chemicals 10%, fats and oils 9%
US 51%, Europe 16%, Latin America 18% (1993)
$871 million (September 1994)
growth rate -2% (1991 est.); accounts for 15% of GDP
sugar refining, textiles, flour milling, cement manufacturing, tourism,
light assembly industries based on imported parts
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
transshipment point for cocaine and marijuana en route to the US and Europe
US commitments, including Ex-Im (1970-89), $700 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $770 million
1 gourde (G) = 100 centimes
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
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