Haiti | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Haiti
Records
63
Source
Haiti | GDP (current US$)
273187199.78145 1960
271065999.78315 1961
281896799.77448 1962
294883399.76409 1963
325281199.73978 1964
353251799.7174 1965
368948599.70484 1966
369124199.7047 1967
367968799.70562 1968
391820399.68654 1969
331199999.73504 1970
362799999.70976 1971
371998971.85507 1972
466798975.00494 1973
565399296.71813 1974
681400000.13628 1975
879000000.1758 1976
947000000.1894 1977
974200000.19484 1978
1080600000.2161 1979
1383800000.2768 1980
1479400000.2959 1981
1474200000.2948 1982
1623600000.3247 1983
1816200000.2422 1984
2009400000 1985
2318000000 1986
2047200000 1987
2613926800 1988
2736243800 1989
3096289800 1990
3473562850.258 1991
2257129873.6626 1992
1878253818.0327 1993
2167569095.0734 1994
2813313278.8108 1995
2907517543.4189 1996
3338949151.5993 1997
3723903723.6377 1998
4153725966.802 1999
6813565983.2329 2000
6331970412.7965 2001
6205847136.954 2002
5071947798.0254 2003
6087360734.6231 2004
7030149790.9012 2005
7638739123.6375 2006
9228637766.3532 2007
10432962724.618 2008
11597002929.704 2009
11859312627.174 2010
13008746038.887 2011
13708925402.945 2012
14902488489.17 2013
15146883647.324 2014
14849629407.887 2015
14069277532.52 2016
15093357143.289 2017
16403864522.054 2018
15016090929.513 2019
14508222518.302 2020
20877414952.638 2021
20253551884.605 2022

Haiti | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Republic of Haiti
Records
63
Source