Compare Haiti (2008) - Haiti (2007)

Compare Haiti (2008) z Haiti (2007)

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	Haiti (2008)	Haiti (2007)

Budget	revenues: $918.6 million expenditures: $1.036 billion (2007 est.)	revenues: $658 million expenditures: $726.9 million (2006 est.)
Debt - external	$1.248 billion (31 December 2007 est.)	$1.312 billion (2006 est.)
Economy - overview	Haiti is the poorest country in the Western Hemisphere, with 80% of the population living under the poverty line and 54% in abject poverty. Two-thirds of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. A macroeconomic program developed in 2005 with the help of the International Monetary Fund helped the economy grow 3.5% in 2007, the highest growth rate since 1999. US economic engagement under the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act, passed in December 2006, has boosted the garment and automotive parts exports and investment by providing tariff-free access to the US. Haiti suffers from higher inflation than similar low-income countries, a lack of investment due to insecurity and limited infrastructure, and a severe trade deficit. In 2005, Haiti paid its arrears to the World Bank, paving the way for reengagement with the Bank. The government relies on formal international economic assistance for fiscal sustainability. Remittances are the primary source of foreign exchange, equaling nearly a quarter of GDP and over double the total for exports.	Haiti is the poorest country in the Western Hemisphere, with 80% of the population living under the poverty line and 54% in abject poverty. Two-thirds of all Haitians depend on the agriculture sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. A macroeconomic program developed in 2005 with the help of the International Monetary Fund helped the economy grow 1.8% in 2006, the highest growth rate since 1999. Haiti suffers from higher inflation than similar low-income countries, a lack of investment, and a severe trade deficit. In 2005, Haiti paid its arrears to the World Bank, paving the way for reengagement with the Bank. The government relies on formal international economic assistance for fiscal sustainability. In 2006, Haiti held a successful donors conference in which the total aid pledged exceeded Haiti's request. Remittances are the primary source of foreign exchange, equaling nearly a quarter of GDP.
Exchange rates	gourdes per US dollar - 37.138 (2007), 40.232 (2006), 40.449 (2005), 38.352 (2004), 42.367 (2003)	gourdes per US dollar - 40.232 (2006), 40.449 (2005), 38.352 (2004), 42.367 (2003), 29.251 (2002)
Executive branch	chief of state: President Rene PREVAL (since 14 May 2006) head of government: Prime Minister Jacques-Edouard ALEXIS (since 30 May 2006) cabinet: Cabinet chosen by the prime minister in consultation with the president elections: president elected by popular vote for a five-year term (may not serve consecutive terms); election last held 7 February 2006 (next to be held in 2011); prime minister appointed by the president, ratified by the National Assembly election results: Rene PREVAL elected president; percent of vote - Rene PREVAL 51%	chief of state: President Rene PREVAL (since 14 May 2006) head of government: Prime Minister Jacques-Edouard ALEXIS (since 30 May 2006) cabinet: Cabinet chosen by the prime minister in consultation with the president elections: president elected by popular vote for a five-year term (may not serve consecutive terms); election last held 7 February 2006 (next to be held in 2010); prime minister appointed by the president, ratified by the National Assembly election results: Rene PREVAL elected president; percent of vote - Rene PREVAL 51%
Exports	0 bbl/day (2004)	NA bbl/day
Exports - commodities	apparel, manufactures, oils, cocoa, mangoes, coffee	manufactures, coffee, oils, cocoa, mangoes
Exports - partners	US 79.8%, Dominican Republic 7.6%, Canada 3% (2006)	US 80%, Dominican Republic 7.6%, Canada 3% (2006)
GDP - real growth rate	3.5% (2007 est.)	2.3% (2006 est.)
Household income or consumption by percentage share	lowest 10%: 0.7% highest 10%: 47.7% (2001)	lowest 10%: NA% highest 10%: NA% (2001)
Imports	11,840 bbl/day (2004)	NA bbl/day
Industrial production growth rate	2.5% (2007 est.)	NA%
Inflation rate (consumer prices)	8.9% (2007 est.)	13.1% (2006 est.)
International organization participation	ACCT, ACP, Caricom, CDB, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITSO, ITU, ITUC, LAES, MIGA, NAM, OAS, OIF, OPANAL, OPCW (signatory), PCA, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	ACCT, ACP, Caricom, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITSO, ITU, ITUC, LAES, MIGA, NAM, OAS, OIF, OPANAL, OPCW (signatory), PCA, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Legislative branch	bicameral National Assembly or Assemblee Nationale consists of the Senate (30 seats; members elected by popular vote to serve six-year terms; one-third elected every two years) and the Chamber of Deputies (99 seats; members are elected by popular vote to serve four-year terms); note - in reestablishing the Senate, the candidate in each department receiving the most votes in the last election serves six years, the candidate with the second most votes serves four years, and the candidate with the third most votes serves two years elections: Senate - last held 21 April 2006 with run-off elections on 3 December 2006 (next regular election, for one third of seats, to be held by January 2008 but will probably be postponed); Chamber of Deputies - last held 21 April 2006 with run-off elections on 3 December 2006 and 29 April 2007 (next regular election to be held in 2010) election results: Senate - percent of vote by party - NA; seats by party - L'ESPWA 11, FUSION 5, OPL 4, FL 3, LAAA 2, UNCRH 2, PONT 2, ALYANS 1; Chamber of Deputies - percent of vote by party - NA; seats by party - L'ESPWA 23, FUSION 17, FRN 12, OPL 10, ALYANS 10, LAAA 5, MPH 3, MOCHRENA 3, other 10; results for six other seats contested on 3 December 2006 remain unknown	bicameral National Assembly or Assemblee Nationale consists of the Senate (30 seats; members elected by popular vote to serve six-year terms; one-third elected every two years) and the Chamber of Deputies (99 seats; members are elected by popular vote to serve four-year terms); note - in reestablishing the Senate, the candidate in each department receiving the most votes in the last election serves six years, the candidate with the second most votes serves four years, and the candidate with the third most votes serves two years elections: Senate - last held 21 April 2006 with run-off elections on 3 December 2006 (next regular election, for one third of seats, to be held in 2008); Chamber of Deputies - last held 21 April 2006 with run-off elections on 3 December 2006 (next regular election to be held in 2010) election results: Senate - percent of vote by party - NA; seats by party - L'ESPWA 11, FUSION 5, OPL 4, FL 3, LAAA 2, UNCRH 2, PONT 2, ALYANS 1; Chamber of Deputies - percent of vote by party - NA; seats by party - L'ESPWA 23, FUSION 17, FRN 12, OPL 10, ALYANS 10, LAAA 5, MPH 3, MOCHRENA 3, other 10; results for six other seats contested on 3 December 2006 remain unknown

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