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Haiti

Welcome to the price transmission page for Haiti. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Haiti

Historic Warnings per Commodity

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Background information

Haiti can be characterized by a free market economy. Several agreements and economic programs in close cooperation with the US such as tariff-free access to the American market aim at fostering growth and living standards. The labor-intensive apparel sector, accounting for 90% of export earnings, benefits from low labor costs. However, a severe earthquake hit Haiti in 2010 and destroyed much of the capital city and the general infrastructure. The economy contracted and several indicators for living standard worsened. Haiti is currently considered to be the poorest country in the Western hemisphere and poverty rates are shockingly high: four-fifths of the population is living below the poverty line and slightly more than half even in severe poverty. After a significant recovery, economic growth has recently hampered political uncertainty and the depreciation of the national currency.

Agriculture represents the main source of income for two-fifths of the total workforce; about two-thirds of the total land is cultivated, mostly producing coffee, mangoes, cocoa, sugarcane, rice, corn and sorghum. The sector as a whole accounts for one-fourth of the total GDP. However in order to fulfill the domestic demand, slightly more than half of the total consumption is imported.

 

The HDI score of 0.483 in 2014 indicates a low level of human development. In fact two-fifths of the workforce is unemployed and the GDP per capita is among the lowest worldwide. As a result of the poor living conditions, one child out of five is stunted.