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Haiti - Trade & Marketing Information
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ALIGN="RIGHT" SRC="/cgtd/global/caribe/haiti.gif"> Haiti - key economic data 


Economy 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.)



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)



Economic Activity


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
Haiti - key foreign trade data 



Exports:

    $173.3 million (f.o.b., 1993 est.)
  Commodities:
    light manufactures 65%, coffee 19%, other agriculture 8%, other 8%
   Major Trade 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%
   Major Trade Partners::
    US 51%, Europe 16%, Latin America 18% (1993)
External debt:
    $871 million (September 1994)
Haiti - Trade, Industry & Marketing information

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