Haiti vs Iceland: Economic Indicators Comparison

Iceland with a GDP of $25.9B ranked the 108th largest economy in the world, while Haiti ranked 144th with $9.7B. By GDP 5-years average growth and GDP per capita, Iceland and Haiti ranked 47th vs 145th and 8th vs 176th, respectively.

Gross Domestic Product & Income

Stat	Haiti	Iceland
GDP	$9.7B	$25.9B
GDP growth, 1 year	1.5%	4.6%
GDP growth, 5-years average	1.6%	4.5%
Population	11M	357k
GDP per capita	$868	$73k
GDP per capita growth	0.2%	1.6%
Purchasing Power Parity conversion factor	30.43	138.33
Price level ratio of PPP conversion factor GDP to market exchange rate	0.47	1.28
GDP per capita, PPP adjusted	$1.9k	$56k
GNI, Atlas method	$8.9B	$24B
GNI per capita	$800	$68k
GNI, PPP adjusted	$20.9B	$19.5B
GNI per capita, PPP adjusted	$1.9k	$55k

Financial system and Human development

Stat	Haiti	Iceland
Income Tax Rate	30%	31.8%
Corporate Tax Rate	30%	20%
Inflation, consumer prices	13.5%	2.7%
Inflation, GDP deflator	12.8%	2.4%
Unemployment	13.5%	2.9%
Economic Freedom Index	52.3	77.1
Personal Freedom Index	7.33	9.27
Human Freedom Index	7.04	8.22
Property Rights Index	16.4	87.6
Judical Effectiveness Index	23.3	63.2
Business Freedom Index	33.6	84.7
Fiscal Health Index	96.3	97.5
Labor Freedom Index	62.3	63.5
Investment Freedom Index	45	85
Financial Freedom Index	30	70
Trade Freedom Index	67	86.8
Monetary Freedom Index	61.5	80.3
Government Spending Index	89.4	44.1
Tax Burden Index	80.2	71.7
Government Integrity Index	22.3	90.3
Corruption Perceptions Index	20	76
Life expectancy at birth, years	63.3	82.2
Suicide mortality rate, per 100,000 people	11.7	14
Mortality caused by road traffic injury, per 100,000 people	15.1	6.6
Intentional homicides, per 100,000 people	10	0.9
International tourism, number of arrivals	447k	2.3M

Government debt & reserves

Stat	Haiti	Iceland
Central government debt, % of GDP	33%	35.4%
External debt stocks, % of GNI	22.8%	N/A
External debt stocks	$2.2B	N/A
Short-term debt, % of total reserves	0%	N/A
Total debt service, % of exports and primary income	1.2%	N/A
Adjusted net savings including particulate emission damage, % of GNI	17.6%	16.6%
Gross savings, % of GDP	24.4%	21.2%
Gross capital formation, % of GDP	29%	22.6%
Total reserves including gold	$2.4B	$6.3B
Foreign direct investment net inflows	$105M	-$434.6M

Exports, imports and economic structure

Stat	Haiti	Iceland
Exports of goods and services, % of GDP	17.1%	47.2%
Imports of goods and services, % of GDP	58.5%	44.1%
Current account balance (balance of payments)	-$343M	$731.3M
Revenue excluding grants, % of GDP	N/A	31%
Grants excluding technical cooperation, BoP	$790.3M	N/A
Personal remittances received	$3.1B	$168.9M
Industry including construction value added, % of GDP	66.2%	19.6%
Agriculture, forestry and fishing value added, % of GDP	18.9%	4.6%
Charges for the use of intellectual property, payments BoP	$577k	$143.4M
Charges for the use of intellectual property, receipts BoP	$25.3M	$241.7M
Expense, % of GDP	N/A	30.8%
Government Expenditure, % of GDP	18.8%	43.2%