Haiti Economy

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Agriculture Is The Principal Economic Activity In Haiti. The Economy Depends Mainly On Crops Including Cassava, Rice, Sugarcane, Sorghum, Yams, Corn, And Plantains

Haiti remains one of the least-developed countries in the Western Hemisphere (along with Bolivia), and one of the poorest in the world. Comparative social and economic indicators show Haiti falling behind other low-income developing countries (particularly in the hemisphere) since the 1980s. Haiti now ranks 154th of 177 countries in the UNâ€™s Human Development Index (2006). About 80% of the population lives in abject poverty, ranking the country second-to-last in the world for that metric. However, since the recent presidential seating, Haiti's economy has been increasing, and may be on the upsurge.

Nearly 70.5% of all Haitians depend on the agricultural sector, which consists mainly of small-scale subsistence farming. The country has experienced little formal job creation over the past decade, although the informal economy is growing. It has consistently ranked among the most corrupt countries in the world on the Corruption Perceptions Index.

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