https://www.confiduss.com/en/jurisdictions/haiti/economy/ - Economy of Haiti

Haiti is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Haiti may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries may have a lower life expectancy than citizens of developed countries. Every year, Haiti exports about US$0.88 billion and imports about US$2.7 billion. 14.% of the country's population is unemployed. The total number of unemployed in Haiti is 1,555,812. In Haiti, 58.5% of the population lives below the poverty line. The proportion of citizens living below the poverty line in Haiti is very high compared to other countries. This situation points to a number of alarming economic and political factors. Investing in countries with this level of poverty is not advisable. Government spending on education is 1% of GDP. The country's Gini index is 59.2. Haiti experiences inequality. The gap between the richest and poorest citizens in this country is significant and evident, resulting in drastically different living standards for rich and poor citizens. Haiti has a Human Development Index (HDI) of 0.471. Haiti has a lower mean HDI value. This suggests that the majority of citizens will struggle to live a worthwhile life due to flawed economic and social systems. The Global Peace Index (GPI) for Haiti is 2,074. The Strength of the Legal Rights Index for Haiti is 2. Overall, it is considered to be rather weak – bankruptcy and collateral laws fail to protect the rights of borrowers and lenders in the event of credit-related complications; Credit information is scarce, if any, and difficult to access.

Currency
The currency of Haiti is the Haitian gourd. The plural form of the word Haitian gourd is gourdes. The symbol used for this currency is G and is abbreviated as HTG. The Haitian gourd is divided into centimes; There are 100 in a pumpkin.

Credit rating
The credit information depth index for Haiti is 0, meaning information is scarce, if any, insufficiently detailed and nearly inaccessible.

Central bank
In Haiti, the institution that manages the state's currency, money supply, and interest rates is called the Bank of the Republic of Haiti. Locally, the central bank of Haiti is called the Banque de la République d'Haïti. The average deposit rate offered by local banks in Haiti is 2.6%.

National debt
Haiti's national debt has not yet been calculated.

Control information
The corporate tax in Haiti is 30%. Personal income tax ranges from 10% to 35% depending on your specific situation and income level. Sales tax in Haiti is 10%.

Finances
The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Haiti is US$18376 billion. The gross domestic product (GDP), calculated as purchasing power parity (PPP) per capita, was last 2 million US dollars in Haiti. Compared to other countries, the purchasing power parity in Haiti is below average. Below-average purchasing power parities indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, health care, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parity are dangerous locations for investments. The total gross domestic product (GDP) in Haiti is 7,691 billion. Based on this statistic, Haiti is considered medium-economic. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Haiti's gross domestic product (GDP) per capita was last seen at $1 million. The average citizen in Haiti has very little wealth.