Source: world bank Nominal/PPP
Summary:
Haiti GDP Per Capita expanded from 1960 to 2024, increasing from $0.27 to $25.22 .The compound annual growth rate (CAGR) averaged 7.35% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 45.82%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Haiti Economic Phases (1960 - 2024)
From 1960 to 2024, Haiti economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1962–1963) indicating steady moderate growth
- High Growth (1964–1965) indicating robust economic expansion
- Expansion (1966–1967) indicating steady moderate growth
- High Growth (1973–1977) indicating robust economic expansion
- High Growth (1979–1981) indicating robust economic expansion
- High Growth (1983–1986) indicating robust economic expansion
- High Growth (1990–1991) indicating robust economic expansion
- Crisis (1992–1993) indicating severe economic downturn
- High Growth (1994–1995) indicating robust economic expansion
- High Growth (1997–2000) indicating robust economic expansion
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2004–2009) indicating robust economic expansion
- High Growth (2011–2013) indicating robust economic expansion
- Contraction (2015–2016) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- Contraction (2022–2023) indicating temporary slowdown
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2000 with an increase of 64.035%, while the largest decline was in 1992 at -35.02%.