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Economy of Haiti vs Liberia compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $4.78B for Liberia, ranking 117/197 and 163/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $2.73B (57.2% of GDP) in Liberia.

Haiti vs Liberia GDP by year

Haiti
Liberia
1x
Year GDP, current $
Haiti Liberia
2024 $25,224,154,991 $4,779,300,900
2023 $19,850,585,722 $4,390,000,000
2022 $20,253,551,921 $4,001,047,000
2021 $20,944,387,976 $3,513,049,500
2020 $14,508,222,518 $3,176,126,300
2019 $15,016,090,930 $3,319,596,500
2018 $16,403,864,618 $3,422,754,800
2017 $15,093,357,161 $3,390,703,400
2016 $14,069,277,526 $3,398,419,600
2015 $14,849,629,309 $3,227,075,700
2014 $15,146,883,498 $3,225,652,000
2013 $14,902,488,604 $3,177,198,100
2012 $13,708,925,477 $2,791,614,000
2011 $13,008,746,039 $2,398,000,000
2010 $11,859,312,725 $1,998,000,000
2009 $11,597,002,835 $1,768,000,000
2008 $10,432,962,635 $1,726,000,000
2007 $9,228,637,768 $1,373,000,000
2006 $7,638,739,123 $1,119,000,000
2005 $7,030,149,730 $949,000,000
2004 $6,087,360,684 $897,000,000
2003 $5,071,947,798 $748,000,000
2002 $6,205,847,214 $927,000,000
2001 $6,331,970,324 $906,000,000
2000 $6,813,566,099 $874,000,000
1999 $4,153,725,884 $441,800,000
1998 $3,723,903,724 $359,600,000
1997 $3,338,949,152 $295,900,000
1996 $2,907,517,604 $159,400,000
1995 $2,813,313,279 $134,800,000
1994 $2,167,569,046 $132,200,000
1993 $1,878,253,767 $160,400,000
1992 $2,257,129,792 $223,500,000
1991 $3,473,562,628 $348,000,000
1990 $3,096,289,800 $384,400,000
1989 $2,736,243,800 $786,300,000
1988 $2,613,926,800 $1,038,300,000
1987 $2,047,200,000 $972,800,000
1986 $2,318,000,000 $840,964,400
1985 $2,009,400,000 $851,296,100
1984 $1,816,200,000 $848,478,300
1983 $1,623,600,000 $823,374,900
1982 $1,474,200,000 $863,933,200
1981 $1,479,400,000 $846,514,500
1980 $1,383,800,000 $854,711,500
1979 $1,080,600,000 $814,067,900
1978 $974,200,000 $717,240,400
1977 $947,000,000 $673,010,600
1976 $879,000,000 $596,675,700
1975 $681,400,000 $577,549,300
1974 $565,399,322 $486,955,000
1973 $466,798,973 $386,968,300
1972 $371,998,958 $368,098,000
1971 $362,800,000 $341,543,100
1970 $331,200,000 $323,099,700
1969 $391,820,400 $306,961,800
1968 $367,968,800 $276,820,700
1967 $369,124,200 $261,024,300
1966 $368,948,600 $244,459,500
1965 $353,251,800 $229,260,800
1964 $325,281,200 $218,929,100
1963 $294,883,400 $200,229,600
1962 $281,896,800 $191,861,800
1961 $271,066,000 $183,920,900
1960 $273,187,200 $190,495,600

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

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

GDP per capita in Haiti vs Liberia by year

Haiti
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $851 $1,871
2023 $1,706 $3,292 $799 $1,795
2022 $1,761 $3,275 $745 $1,692
2021 $1,841 $3,145 $668 $1,539
2020 $1,290 $3,103 $617 $1,660
2019 $1,352 $3,237 $658 $1,900
2018 $1,496 $3,197 $692 $1,800
2017 $1,395 $3,339 $699 $1,665
2016 $1,318 $3,253 $715 $1,490
2015 $1,411 $3,026 $693 $1,340
2014 $1,460 $3,076 $707 $1,419
2013 $1,458 $3,042 $711 $1,360
2012 $1,361 $2,830 $638 $1,157
2011 $1,312 $2,858 $568 $1,041
2010 $1,210 $2,695 $492 $980
2009 $1,197 $2,855 $448 $939
2008 $1,095 $2,724 $452 $915
2007 $985 $2,647 $374 $873
2006 $829 $2,504 $321 $815
2005 $776 $2,427 $287.5 $774
2004 $683 $2,322 $284.1 $745
2003 $579 $2,331 $239.8 $716
2002 $721 $2,248 $299.5 $1,013
2001 $749 $2,230 $300 $987
2000 $821 $2,229 $298.5 $965
1999 $510 $2,201 $156.6 $762
1998 $465 $2,152 $134.7 $652
1997 $425 $2,122 $122.6 $548
1996 $377 $2,070 $71.4 $282.2
1995 $372 $1,989 $62.1 $254.4
1994 $292.1 $1,807 $61.5 $262.6
1993 $258.1 $2,048 $74.4 $328
1992 $316 $2,158 $107.8 $497
1991 $497 $2,273 $177.9 $793
1990 $452 $2,202 $172.9 $787
1989 $407 - $312 -
1988 $397 - $424 -
1987 $318 - $409 -
1986 $367 - $364 -
1985 $325 - $380 -
1984 $299.2 - $390 -
1983 $272.8 - $391 -
1982 $252.6 - $422 -
1981 $258.5 - $426 -
1980 $246.5 - $443 -
1979 $196.2 - $435 -
1978 $180.3 - $394 -
1977 $178.7 - $381 -
1976 $169.1 - $347 -
1975 $133.6 - $346 -
1974 $113 - $299.4 -
1973 $95.1 - $244.4 -
1972 $77.3 - $238.6 -
1971 $76.8 - $227.1 -
1970 $71.5 - $220.3 -
1969 $86.1 - $214.7 -
1968 $82.4 - $198.6 -
1967 $84.2 - $192.2 -
1966 $85.7 - $184.6 -
1965 $83.6 - $177.6 -
1964 $78.5 - $173.9 -
1963 $72.4 - $163.1 -
1962 $70.4 - $160.3 -
1961 $69 - $157.5 -
1960 $70.8 - $167.2 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $851 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Liberia ranks 188th at $1,871.

Economic indicators

Haiti Liberia
Gross domestic product
$25.2B
2024
$4.78B
2024
GDP rank
117/197
2024
163/197
2024
GDP growth
-4.17%
2023-2024
4.02%
2023-2024
GDP per capita
$2,143
2024
$851
2024
GDP per capita rank
153/197
2024
184/197
2024
GDP per capita, PPP
$3,194
2024
$1,871
2024
GDP per capita PPP rank
177/197
2024
188/197
2024
Government debt
$3.91B
2024
$2.73B
2024
Debt-to-GDP ratio
15.5%
2024
57.2%
2024
Government debt per person
$332
2024
$487
2024
Government debt per person rank
176/185
2024
167/185
2024
Average annual personal income after taxes
$1,896
2026
$1,191
2026
Income share by richest 10%
31.2%
2012
27.1%
2016
Income share by poorest 10%
2.1%
2012
2.9%
2016
Government expenditure, % of GDP
5.25%
2024
24.3%
2024
Consumer prices inflation
26.9%
2023-2024
8.2%
2023-2024
Unemployment rate
14.1%
2012
5.93%
2017
Population
12076663
5887000

Spending and national debt comparison by year

Haiti
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Haiti Liberia
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 24.3% 57.2%
2023 6.46% 28.5% 27.1% 57.8%
2022 8.33% 29.5% 26.9% 54.3%
2021 9.42% 28.9% 29.8% 53.3%
2020 9.86% 22.3% 35.3% 58.7%
2019 9.59% 26.5% 32.3% 48.6%
2018 11.3% 24.1% 32.7% 37.1%
2017 10.2% 22.5% 35.1% 31.8%
2016 10.5% 24.4% 35.8% 28.6%
2015 12.7% 23.9% 37.1% 24.8%
2014 14.6% 21.4% 33.4% 24.3%
2013 15.9% 25.1% 27.4% 20.6%
2012 16.4% 24.1% 30.8% 20.5%
2011 14.1% 22.3% 30.1% 22.7%
2010 12.6% 24.9% 25.2% 25.6%
2009 11.6% 19.4% 23.7% 130.9%
2008 11.2% 33.9% 21.6% 233.1%
2007 11.1% 24.4% 17.2% 394%
2006 9.67% 32.2% 11.1% 472%
2005 8.75% 29.7% 12.8% 535%
2004 7.38% 30.4% 12.1% 543%
2003 7.83% 37.8% 9.85% 658%
2002 6.64% 32% 13.2% 481%
2001 6.11% 28.8% 12.6% 484%
2000 6.25% 32.5% 15.2% 489%
1999 6.91% 24.1% - -
1998 5.4% 24% - -
1997 5.46% 26.2% - -
1996 - 26.2% - -
1995 - 26.2% - -
1994 - 35.3% - -
1993 - 98% - -
1992 - 118.9% - -
1991 - 80.7% - -
1990 - 85.1% - -
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Liberia spent $1.16B, or 24.3% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 57.2% in Liberia, ranking 177/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Liberia
1x
Year Deficit/surplus, % of GDP
Haiti Liberia
2024 6.96% -1.98%
2023 0.77% -7.03%
2022 -1.75% -5.33%
2021 -2.45% -2.5%
2020 -1.96% -4.02%
2019 -1.99% -4.92%
2018 -1.13% -4.7%
2017 -0.32% -7.14%
2016 0.12% -3.83%
2015 -1.47% -3.74%
2014 -3.64% -4.92%
2013 -3.98% 1.29%
2012 -2.71% -2.86%
2011 -1.43% -4.43%
2010 -1.5% 1.17%
2009 -2% -1.39%
2008 -1.8% -2.68%
2007 -1.55% 2.44%
2006 -0.91% 4.42%
2005 -0.83% -0.55%
2004 -1.34% -0.56%
2003 -2.24% 0.39%
2002 -1.8% -1.63%
2001 -1.55% -0.98%
2000 -1.36% -0.08%
1999 -1.54% -
1998 0.21% -
1997 0.37% -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
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) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/haiti/liberia | 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 Liberia's deficit of $94.6M, or 1.98% of GDP.

Over the past 25 years, Haiti recorded a fiscal deficit in 22 of those years, while Liberia ran a deficit in 20 years. On average, Haiti posted an annual deficit equal to 1.27% of GDP, compared to deficit of 2.22% of GDP for Liberia.

Inflation comparison by year

Inflation
Haiti

Liberia
1x
Year Consumer prices inflation
Haiti Liberia
2024 26.9% 8.2%
2023 36.8% 10.1%
2022 34% 7.6%
2021 16.8% 7.8%
2020 22.8% 17%
2019 18.7% 27%
2018 12.5% 23.5%
2017 10.7% 12.4%
2016 11.5% 8.8%
2015 6.73% 7.7%
2014 3.44% 9.9%
2013 4.77% 7.6%
2012 5.02% 6.8%
2011 6.33% 8.5%
2010 4.83% 7.3%
2009 0.39% 7.4%
2008 15.3% 17.5%
2007 6.56% 11.4%
2006 11.3% 9.5%
2005 14% 6.9%
2004 21% 3.6%
2003 28.7% 10.3%
2002 7.03% 14.2%
2001 13.3% 12.1%
2000 9.33% 5.3%
1999 3% 2%
1998 5.27% -
1997 20.6% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1999–2024, retrieved 2026-02-20).

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

Over the past 26 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 10.4% in Liberia. In 2024, inflation was 26.9% in Haiti and 8.2% in Liberia.

Balance of trade

Haiti Liberia
Current account balance
-$145M
2024
$64.8M
2022
Current account balance ranking
92/190
2024
73/190
2022
Current account balance, % of GDP
-0.58%
2024
+1.62%
2022
Goods imports
$4.27B
2024
$1.53B
2022
Goods exports
$767M
2024
$1.03B
2022
Service imports
$518M
2024
$434M
2022
Service exports
$96.6M
2024
$192M
2022
Imports of goods and services, % of GDP
18.8%
2024
n/a
Exports of goods and services, % of GDP
3.4%
2024
28.5%
2025

Economic freedom indices

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

Haiti Liberia
Economic freedom 46.1 49.8
Economic freedom ranking 178/197 163/197
Property rights 6.6 40.4
Government integrity 13 25.8
Judicial effectiveness 17.3 23.4
Tax burden 81.7 86.1
Government spending 98.7 79.5
Fiscal health 99.5 56.9
Business freedom 30.7 38
Labor freedom 54.7 43.4
Monetary freedom 45.1 71.4
Trade freedom 66.4 57.4
Investment freedom 20 55
Financial freedom 20 20

Economic freedom comparison by year

Haiti
Liberia
1x
Year Economic freedom index
Haiti Liberia
2026 46.1 49.8
2025 46.1 48.5
2024 48.2 49.9
2023 49.9 49.6
2022 50 47.9
2021 50.8 49.2
2020 52.3 49
2019 52.7 49.7
2018 55.8 50.9
2017 49.6 49.1
2016 51.3 52.2
2015 51.3 52.7
2014 48.9 52.4
2013 48.1 49.3
2012 50.7 48.6
2011 52.1 46.5
2010 50.8 46.2
2009 50.5 48.1
2008 49 -
2007 51.4 -
2006 49.2 -
2005 48.4 -
2004 51.2 -
2003 50.6 -
2002 47.9 -
2001 47.1 -
2000 45.7 -
1999 45.9 -
1998 45.7 -
1997 45.8 -
1996 41 -
1995 43 -

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Liberia
Services, % of GDP
48.3%
2024
41.9%
2024
Industry, % of GDP
33.4%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
33.8%
2024
GNI, Atlas method
$20.7B
2024
$4.28B
2024
GNI per capita, PPP
$3,190
2024
$1,750
2024
Total reserves including gold
$2.72B
2024
$600M
2022
Total reserves ranking
121/177
2024
153/177
2022
Net foreign direct investment
-$20M
2024
-$960M
2022
Net inflows of foreign direct investment
$20M
2024
$472M
2024
Net outflows of foreign direct investment
$0
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
3.09%
2024
Poverty at national poverty lines
58.5%
2012
50.9%
2016
Gross capital formation, % of GDP
9.94%
2024
n/a

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/liberia | 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 (1997–2024, 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.