The Haitian economy has very nearly dropped back into the repressed category from which it had emerged only in 2018. GDP continues to register very weak growth.

Haiti Economic Growth The economy is expected to only just eke out growth in 2021, following last year’s decline, as ongoing political and social turmoil weigh on activity. Downside risks include further delays to the vaccine rollout, a continued worsening of the viral outbreak, vulnerability to natural disasters and political disputes among the country’s leaders amid the writing of a new constitution.

Economy - overview: Haiti is a free market economy with low labor costs and tariff-free access to the US for many of its exports. Two-fifths of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, which remains vulnerable to damage from frequent natural disasters.

Economic Overview. Haiti is a free market economy with low labor costs and tariff-free access to the US for many of its exports. Two-fifths of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, which remains vulnerable to damage from frequent natural disasters. Poverty, corruption, vulnerability to natural disasters, and low levels of education for much of the population represent some of the most serious impediments to Haiti’s economic growth.

Haiti is a free market economy with low labor costs and tariff-free access to the US for many of its exports. Two-fifths of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, which remains vulnerable to damage from frequent natural disasters. Poverty, corruption, vulnerability to natural disasters, and low levels of education for much of the population represent some of the most serious impediments to Haiti’s economic growth.