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    Haiti Economy - 1989

      Overview: About 85% of the population live in absolute poverty. Agriculture is mainly small-scale subsistence farming and employs 65% of the work force. The majority of the population do not have ready access to safe drinking water, adequate medical care, or sufficient food. Few social assistance programs exist, and the lack of employment opportunities remains the most critical problem facing the economy.

      GDP: $2.2 billion, per capita $360; real growth rate 0.5% (FY87 est.)

      Inflation rate (consumer prices): - 11.5% (1987)

      Unemployment rate: 50-70% (1986 est.)

      Budget: revenues $237 million; expenditures $402 million, including capital expenditures of $149 million (FY87)

      Exports: $201 million (f.o.b., FY87); @m5commodities--light manufactures 65%, coffee 17%, other agriculture 8%, other products 10%; @m5partners--US 77%, France 5%, Italy 4%, FRG 3%, other industrial 9%, less developed countries 2% (FY86)

      Imports: $315 million (c.i.f., FY87); @m5commodities--machines and manufactures 36%, food and beverages 21%, petroleum products 11%, fats and oils 12%, chemicals 12%; @m5partners--US 65%, Netherlands Antilles 6%, Japan 5%, France 4%, Canada 2%, Asia 2% (FY86)

      External debt: $820 million (December 1988)

      Industrial production: growth rate - 2% (FY87)

      Electricity: 230,000 kW capacity; 447 million kWh produced, 70 kWh per capita (1988)

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

      Agriculture: cash crop--coffee; staple crops--corn, sorghum, rice, sugarcane

      Aid: US commitments, including Ex-Im (FY70-87), $598 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-86), $548 million

      Currency: gourde (plural--gourdes); 1 gourde (G) = 100 centimes

      Exchange rates: gourdes (G) per US$1-- 5.0 (fixed rate)

      Fiscal year: 1 October-30 September

      NOTE: The information regarding Haiti on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Haiti Economy 1989 information contained here. All suggestions for corrections of any errors about Haiti Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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