Source: world bank Nominal/PPP
Summary:
Haiti GDP Per Capita expanded from 1960 to 2024, increasing from $70.80 to $2,142.62 .The compound annual growth rate (CAGR) averaged 5.47% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 48.03%, 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
- Contraction (1967–1968) indicating temporary slowdown
- High Growth (1973–1977) indicating robust economic expansion
- High Growth (1979–1980) 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
- 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 61.035%, while the largest decline was in 1992 at -36.305%.