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Economy of Haiti vs Kuwait compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $160B for Kuwait, ranking 117/197 and 59/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Haiti vs Kuwait GDP by year

Haiti
Kuwait
1x
Year GDP, current $
Haiti Kuwait
2024 $25,224,154,991 $160,227,273,053
2023 $19,850,585,722 $165,384,407,116
2022 $20,253,551,921 $183,502,046,694
2021 $20,944,387,976 $148,350,671,489
2020 $14,508,222,518 $111,045,470,606
2019 $15,016,090,930 $140,856,394,861
2018 $16,403,864,618 $138,646,316,351
2017 $15,093,357,161 $120,687,539,806
2016 $14,069,277,526 $109,406,674,125
2015 $14,849,629,309 $114,585,555,689
2014 $15,146,883,498 $162,650,450,685
2013 $14,902,488,604 $174,168,116,535
2012 $13,708,925,477 $174,047,662,680
2011 $13,008,746,039 $154,039,231,246
2010 $11,859,312,725 $115,416,245,242
2009 $11,597,002,835 $105,968,691,905
2008 $10,432,962,635 $147,379,737,230
2007 $9,228,637,768 $114,634,043,362
2006 $7,638,739,123 $101,557,330,723
2005 $7,030,149,730 $80,798,630,137
2004 $6,087,360,684 $59,439,090,601
2003 $5,071,947,798 $47,874,582,232
2002 $6,205,847,214 $38,135,788,414
2001 $6,331,970,324 $34,889,559,870
2000 $6,813,566,099 $37,718,743,480
1999 $4,153,725,884 $30,122,365,849
1998 $3,723,903,724 $25,943,705,784
1997 $3,338,949,152 $30,350,190,704
1996 $2,907,517,604 $31,492,373,309
1995 $2,813,313,279 $27,186,980,647
1994 $2,167,569,046 $24,848,483,838
1993 $1,878,253,767 $23,941,391,391
1992 $2,257,129,792 $19,858,555,215
1991 $3,473,562,628 $11,009,993,703
1990 $3,096,289,800 $18,427,777,778
1989 $2,736,243,800 $24,313,855,653
1988 $2,613,926,800 $20,690,322,153
1987 $2,047,200,000 $22,368,704,134
1986 $2,318,000,000 $17,903,989,745
1985 $2,009,400,000 $21,445,970,614
1984 $1,816,200,000 $21,700,082,753
1983 $1,623,600,000 $20,871,081,080
1982 $1,474,200,000 $21,577,153,356
1981 $1,479,400,000 $25,058,020,338
1980 $1,383,800,000 $28,638,868,356
1979 $1,080,600,000 $24,749,063,922
1978 $974,200,000 $15,503,557,496
1977 $947,000,000 $14,137,406,741
1976 $879,000,000 $13,132,252,802
1975 $681,400,000 $12,022,811,621
1974 $565,399,322 $13,006,948,296
1973 $466,798,973 $5,408,804,607
1972 $371,998,958 $4,450,537,925
1971 $362,800,000 $3,880,392,195
1970 $331,200,000 $2,873,638,851
1969 $391,820,400 $2,769,198,892
1968 $367,968,800 $2,662,798,935
1967 $369,124,200 $2,441,599,023
1966 $368,948,600 $2,391,199,044
1965 $353,251,800 $2,097,199,161
1964 $325,281,200 $2,071,668,533
1963 $294,883,400 $1,900,895,857
1962 $281,896,800 $1,828,107,503
1961 $271,066,000 -
1960 $273,187,200 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/haiti/kuwait | CC BY

GDP per capita in Haiti vs Kuwait by year

Haiti
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $32,718 $52,444
2023 $1,706 $3,292 $34,076 $53,025
2022 $1,761 $3,275 $39,982 $55,043
2021 $1,841 $3,145 $34,019 $50,652
2020 $1,290 $3,103 $25,236 $41,462
2019 $1,352 $3,237 $31,708 $50,703
2018 $1,496 $3,197 $32,068 $51,371
2017 $1,395 $3,339 $29,048 $46,566
2016 $1,318 $3,253 $27,324 $41,862
2015 $1,411 $3,026 $29,882 $45,267
2014 $1,460 $3,076 $44,369 $68,337
2013 $1,458 $3,042 $49,651 $76,813
2012 $1,361 $2,830 $52,155 $82,090
2011 $1,312 $2,858 $49,170 $79,037
2010 $1,210 $2,695 $39,212 $75,184
2009 $1,197 $2,855 $37,907 $80,110
2008 $1,095 $2,724 $55,585 $90,337
2007 $985 $2,647 $45,709 $91,435
2006 $829 $2,504 $42,947 $89,075
2005 $776 $2,427 $36,123 $84,968
2004 $683 $2,322 $27,552 $77,227
2003 $579 $2,331 $22,691 $69,752
2002 $721 $2,248 $18,513 $59,713
2001 $749 $2,230 $17,374 $58,553
2000 $821 $2,229 $19,296 $58,703
1999 $510 $2,201 $15,854 $56,406
1998 $465 $2,152 $14,067 $58,344
1997 $425 $2,122 $16,977 $57,420
1996 $377 $2,070 $18,201 $56,913
1995 $372 $1,989 $16,168 $57,163
1994 $292.1 $1,807 $14,930 $53,946
1993 $258.1 $2,048 $14,318 $48,482
1992 $316 $2,158 $12,146 $36,149
1991 $497 $2,273 $8,147 $23,390
1990 $452 $2,202 $10,938 $30,763
1989 $407 - $10,965 -
1988 $397 - $9,692 -
1987 $318 - $10,896 -
1986 $367 - $9,077 -
1985 $325 - $11,322 -
1984 $299.2 - $11,919 -
1983 $272.8 - $11,965 -
1982 $252.6 - $12,979 -
1981 $258.5 - $15,825 -
1980 $246.5 - $19,032 -
1979 $196.2 - $17,386 -
1978 $180.3 - $11,567 -
1977 $178.7 - $11,238 -
1976 $169.1 - $11,141 -
1975 $133.6 - $10,882 -
1974 $113 - $12,527 -
1973 $95.1 - $5,532 -
1972 $77.3 - $4,836 -
1971 $76.8 - $4,486 -
1970 $71.5 - $3,552 -
1969 $86.1 - $3,695 -
1968 $82.4 - $3,872 -
1967 $84.2 - $3,887 -
1966 $85.7 - $4,176 -
1965 $83.6 - $4,024 -
1964 $78.5 - $4,379 -
1963 $72.4 - $4,445 -
1962 $70.4 - $4,748 -
1961 $69 - - -
1960 $70.8 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/haiti/kuwait | CC BY

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Kuwait ranks 40th at $52,444.

Economic indicators

Haiti Kuwait
Gross domestic product
$25.2B
2024
$160B
2024
GDP rank
117/197
2024
59/197
2024
GDP growth
-4.17%
2023-2024
-2.56%
2023-2024
GDP per capita
$2,143
2024
$32,718
2024
GDP per capita rank
153/197
2024
37/197
2024
GDP per capita, PPP
$3,194
2024
$52,444
2024
GDP per capita PPP rank
177/197
2024
40/197
2024
Government debt
$3.91B
2024
$4.68B
2024
Debt-to-GDP ratio
15.5%
2024
2.92%
2024
Government debt per person
$332
2024
$956
2024
Government debt per person rank
176/185
2024
143/185
2024
Average annual personal income after taxes
$1,896
2026
$23,828
2026
Market capitalization of domestic companies n/a
$141B
2024
Income share by richest 10%
31.2%
2012
n/a
Income share by poorest 10%
2.1%
2012
n/a
Government expenditure, % of GDP
5.25%
2024
50.4%
2024
Consumer prices inflation
26.9%
2023-2024
2.9%
2023-2024
Central bank interest rate n/a
3.5%
2025
Unemployment rate
14.1%
2012
2.16%
2016
Population
12076663
5100145

Spending and national debt comparison by year

Haiti
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Haiti Kuwait
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 50.4% 2.92%
2023 6.46% 28.5% 48.3% 3.13%
2022 8.33% 29.5% 39.6% 2.95%
2021 9.42% 28.9% 48.3% 7.2%
2020 9.86% 22.3% 62.9% 10.2%
2019 9.59% 26.5% 50.3% 10.5%
2018 11.3% 24.1% 51.1% 14.3%
2017 10.2% 22.5% 51.9% 19.6%
2016 10.5% 24.4% 54.1% 9.88%
2015 12.7% 23.9% 55.4% 4.6%
2014 14.6% 21.4% 45% 3.43%
2013 15.9% 25.1% 38.4% 3.09%
2012 16.4% 24.1% 38.2% 3.6%
2011 14.1% 22.3% 39.7% 4.64%
2010 12.6% 24.9% 45.5% 6.16%
2009 11.6% 19.4% 42.9% 6.65%
2008 11.2% 33.9% 40.9% 5.38%
2007 11.1% 24.4% 30.4% 7.05%
2006 9.67% 32.2% 32.3% 7.79%
2005 8.75% 29.7% 28.8% 10.2%
2004 7.38% 30.4% 35.3% 13.9%
2003 7.83% 37.8% 38.2% 17.2%
2002 6.64% 32% 42.8% 21.3%
2001 6.11% 28.8% 41.4% 23%
2000 6.25% 32.5% 29.9% 21.4%
1999 6.91% 24.1% 44.5% 25.5%
1998 5.4% 24% 51.7% 25.6%
1997 5.46% 26.2% 43.8% 24.3%
1996 - 26.2% 42.8% 26.5%
1995 - 26.2% 52% 34.9%
1994 - 35.3% 57.8% 37.7%
1993 - 98% 58.2% 28.8%
1992 - 118.9% 77.6% 27.9%
1991 - 80.7% 208.9% 45.3%
1990 - 85.1% 122.9% -
1989 - 98.7% - -
1988 - 90.9% - -
1987 32.4% 58.6% - -
1986 15.1% 26.5% - -
1985 17.4% 25.6% - -
1984 16.9% 27.3% - -
1983 21.9% 28.9% - -
1982 20.7% 25.5% - -
1981 17.4% 23.7% - -
1980 17.2% 20.3% - -
1979 13.1% 19.8% - -
1978 18.9% 20.1% - -
1977 16.7% 18.5% - -
1976 13.4% 14.9% - -
1975 12.8% 14.2% - -
1974 9.24% 13.3% - -
1973 9.4% 8.92% - -
1972 11.2% 11.1% - -
1971 11.2% 11% - -
1970 11.4% 12.5% - -
1969 10.1% - - -
1968 10.3% - - -
1967 7.52% - - -
1966 7.2% - - -
1965 7.91% - - -
1964 - - - -
1963 8.95% - - -
1962 - - - -
1961 - - - -
1960 7.34% 21.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/haiti/kuwait | CC BY

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 2.92% in Kuwait, ranking 177/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Kuwait
1x
Year Deficit/surplus, % of GDP
Haiti Kuwait
2024 6.96% 23.8%
2023 0.77% 28.2%
2022 -1.75% 30%
2021 -2.45% 9.98%
2020 -1.96% 0.14%
2019 -1.99% 13%
2018 -1.13% 17.5%
2017 -0.32% 15.3%
2016 0.12% 13.1%
2015 -1.47% 16.6%
2014 -3.64% 30%
2013 -3.98% 40.6%
2012 -2.71% 40.7%
2011 -1.43% 38.8%
2010 -1.5% 31.9%
2009 -2% 31.3%
2008 -1.8% 21.3%
2007 -1.55% 37.1%
2006 -0.91% 28%
2005 -0.83% 38.9%
2004 -1.34% 32.5%
2003 -2.24% 27.2%
2002 -1.8% 31%
2001 -1.55% 45.2%
2000 -1.36% 52.5%
1999 -1.54% 28.2%
1998 0.21% 19.5%
1997 0.37% 29.5%
1996 - 24.3%
1995 - 11.7%
1994 - 1.76%
1993 - -3.12%
1992 - -28.1%
1991 - -145%
1990 - -50%
1989 - -
1988 - -
1987 -4.94% -
1986 -1.4% -
1985 -0.97% -
1984 -3.52% -
1983 -5.72% -
1982 -3.93% -
1981 -4.38% -
1980 -5.68% -
1979 -2.21% -
1978 -3.24% -
1977 -2.85% -
1976 -1.16% -
1975 -1.73% -
1974 0.23% -
1973 0.03% -
1972 0.24% -
1971 -0.08% -
1970 -0.19% -
1969 -0.39% -
1968 -0.46% -
1967 0% -
1966 0% -
1965 0% -
1964 - -
1963 0% -
1962 - -
1961 - -
1960 0.006% -
1959 -1.11% -
1958 -2.21% -
1957 0.28% -
1956 -2.18% -
1955 -0.86% -
1954 -0.81% -
1953 -1.01% -
1952 - -
1951 - -
1950 - -
1949 -0.12% -
1948 0.21% -
1947 1.06% -
1946 0.51% -
1945 0.47% -
1944 - -
1943 - -
1942 - -
1941 -0.21% -
1940 0.13% -
1939 -0.16% -
1938 0.15% -
1937 -0.08% -
1936 -0.06% -
1935 -0.2% -
1934 -1.23% -
1933 0% -
1932 0.4% -
1931 -0.49% -
1930 -0.52% -
1929 -0.32% -
1928 -0.25% -
1927 0.73% -
1926 -0.45% -
1925 0.05% -
1924 -0.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

GeoRank.org/economy/haiti/kuwait | CC BY

In 2024, Haiti's government surplus, the difference between spending and revenue, was $1.76B, equivalent to 6.96% of GDP. This compares to Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Haiti recorded a fiscal deficit in 23 of those years, while Kuwait ran a deficit in 4 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Haiti

Kuwait
1x
Year Consumer prices inflation
Haiti Kuwait
2024 26.9% 2.9%
2023 36.8% 3.64%
2022 34% 3.98%
2021 16.8% 3.42%
2020 22.8% 2.1%
2019 18.7% 1.09%
2018 12.5% 0.54%
2017 10.7% 2.17%
2016 11.5% 3.2%
2015 6.73% 3.27%
2014 3.44% 2.91%
2013 4.77% 2.68%
2012 5.02% 3.26%
2011 6.33% 4.84%
2010 4.83% 4.5%
2009 0.39% 4.61%
2008 15.3% 10.6%
2007 6.56% 5.48%
2006 11.3% 3.06%
2005 14% 4.14%
2004 21% 1.25%
2003 28.7% 0.96%
2002 7.03% 0.89%
2001 13.3% 1.3%
2000 9.33% 1.81%
1999 3% 2.99%
1998 5.27% 0.13%
1997 20.6% 0.68%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/haiti/kuwait | CC BY

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 2.94% in Kuwait. In 2024, inflation was 26.9% in Haiti and 2.9% in Kuwait.

Balance of trade

Haiti Kuwait
Current account balance
-$145M
2024
$46.7B
2024
Current account balance ranking
92/190
2024
15/190
2024
Current account balance, % of GDP
-0.58%
2024
+29.1%
2024
Goods imports
$4.27B
2024
$33.4B
2024
Goods exports
$767M
2024
$77.5B
2024
Service imports
$518M
2024
$28.1B
2024
Service exports
$96.6M
2024
$12.2B
2024
Imports of goods and services, % of GDP
18.8%
2024
38.3%
2023
Exports of goods and services, % of GDP
3.4%
2024
57.7%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Haiti Kuwait
Economic freedom 46.1 59.9
Economic freedom ranking 178/197 100/197
Property rights 6.6 42
Government integrity 13 47.9
Judicial effectiveness 17.3 43.4
Tax burden 81.7 97.7
Government spending 98.7 36.2
Fiscal health 99.5 99.9
Business freedom 30.7 57.4
Labor freedom 54.7 49.2
Monetary freedom 45.1 68.7
Trade freedom 66.4 75.8
Investment freedom 20 50
Financial freedom 20 50

Economic freedom comparison by year

Haiti
Kuwait
1x
Year Economic freedom index
Haiti Kuwait
2026 46.1 59.9
2025 46.1 59.9
2024 48.2 58.5
2023 49.9 56.7
2022 50 58.3
2021 50.8 64.1
2020 52.3 63.2
2019 52.7 60.8
2018 55.8 62.2
2017 49.6 65.1
2016 51.3 62.7
2015 51.3 62.5
2014 48.9 62.3
2013 48.1 63.1
2012 50.7 62.5
2011 52.1 64.9
2010 50.8 67.7
2009 50.5 65.6
2008 49 68.1
2007 51.4 66.4
2006 49.2 66.5
2005 48.4 64.6
2004 51.2 63.6
2003 50.6 66.7
2002 47.9 65.4
2001 47.1 68.2
2000 45.7 69.7
1999 45.9 69.5
1998 45.7 66.3
1997 45.8 64.8
1996 41 66.1
1995 43 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/haiti/kuwait | CC BY

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Kuwait
Services, % of GDP
48.3%
2024
55.9%
2024
Industry, % of GDP
33.4%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
0.49%
2024
GNI, Atlas method
$20.7B
2024
$200B
2024
GNI per capita, PPP
$3,190
2024
$63,270
2024
Total reserves including gold
$2.72B
2024
$50.7B
2024
Total reserves ranking
121/177
2024
41/177
2024
Net foreign direct investment
-$20M
2024
$9.71B
2024
Net inflows of foreign direct investment
$20M
2024
$615M
2024
Net outflows of foreign direct investment
$0
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
n/a
Poverty at national poverty lines
58.5%
2012
n/a
Gross capital formation, % of GDP
9.94%
2024
17.7%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/haiti/kuwait | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.