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Overview of Haiti

 Capital City:  

Port-Au-Prince

 Official Language: 

 

French

Haitian Creole

 Currency:

Haitian Gourde

 Population:

10.57 million

The Country

Haiti, officially the Republic of Haiti, is a Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. The total area of Haiti is 27,750 square kilometers (10,714 sq mi) and its capital is Port-au-Prince. Haitian Creole and French are the official languages.

Market Overview

Haiti’s economy performed worse than expected in FY 2015.  According to the World Bank GDP increased to USD 8.8 billion in FY 2015 as the economy grew by 1.7 percent, but this represented a deceleration in comparison to FY 2014’s growth rate of 2.8 percent.  The expansion was driven by hospitality (5 percent) and manufacturing (3.5 percent) while the contraction is mainly attributed to political uncertainty caused by controversial 2015 elections, severe drought conditions in FY2013-2015 that undercut agricultural production, and the continued reduction of external financial assistance.  Haiti imported goods worth USD 3.4 billion during FY 2015, representing more than 70 percent of goods sold on the market. … more 

Market Challenges

The environment for Foreign Direct Investment (FDI) in Haiti remains challenging, with FDI inflows of only USD 104 million in 2015.  The most common concerns expressed by foreign investors include:

  • Haiti still needs to improve its ports of entry.  Haiti’s port fees remain the highest in the Western hemisphere.  A renovation at the international airport in Port-au-Prince would also allow for more international flights.
  • …more

Market Opportunities

There are significant business opportunities within the Haitian market for small-to-medium sized U.S. businesses.  The construction of the public buildings and the administrative city of Port au Prince can offer contract opportunities to U.S. manufacturers and construction firms.   In 2015, Haitian imports were valued at USD 3.4 billion.  The top import categories include cereals (USD 265.9 million), commodities of all type (USD 444.7 million), fabric and articles of apparel (USD 372.2 million), and iron and steel (USD 107.3 million). …more

Market Entry Strategy

The U.S. Department of Commerce should be the first point of contact for U.S. firms interested in doing business in Haiti.  The United States Export Assistance Center (USEAC) offices in the United States, as well as the Commercial Service (CS) offices located abroad, will inform any interested U.S. firm of the best methods for finding an agent or distributor in Haiti. …more

Best Prospects - Leading Sectors for U.S. Export and Investment

For more information, feel free to contact The Commercial Section




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