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    Haiti Economy - 1990

      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 does 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: $2.4 billion, per capita $380; real growth rate 0.3% (1988 est.)

      Inflation rate (consumer prices): 5.8% (1988)

      Unemployment rate: 50% (1988 est.)

      Budget: revenues $252 million; expenditures $357 million, including capital expenditures of $NA million (1988)

      Exports: $200 million (f.o.b., FY88); commodities--light manufactures 65%, coffee 17%, other agriculture 8%, other products 10%; partners--US 77%, France 5%, Italy 4%, FRG 3%, other industrial 9%, less developed countries 2% (FY86)

      Imports: $344 million (c.i.f., FY88); commodities--machines and manufactures 36%, food and beverages 21%, petroleum products 11%, fats and oils 12%, chemicals 12%; partners--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; 482 million kWh produced, 75 kWh per capita (1989)

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

      Agriculture: accounts for 32% of GDP and employs 65% of work force; mostly small-scale subsistence farms; commercial crops--coffee and sugarcane; staple crops--rice, corn, sorghum, mangoes; shortage of wheat flour

      Aid: US commitments, including Ex-Im (FY70-88), $638 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $627 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 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Haiti Economy 1990 information contained here. All suggestions for corrections of any errors about Haiti Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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