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Economy of Haiti vs Luxembourg compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $93.3B for Luxembourg, ranking 117/197 and 74/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $24.5B (26.3% of GDP) in Luxembourg.

Haiti vs Luxembourg GDP by year

Haiti
Luxembourg
1x
Year GDP, current $
Haiti Luxembourg
2024 $25,224,154,991 $93,279,851,863
2023 $19,850,585,722 $88,788,881,539
2022 $20,253,551,921 $80,801,680,397
2021 $20,944,387,976 $86,386,759,695
2020 $14,508,222,518 $73,670,782,100
2019 $15,016,090,930 $69,872,035,114
2018 $16,403,864,618 $71,085,623,495
2017 $15,093,357,161 $65,712,180,343
2016 $14,069,277,526 $62,216,885,436
2015 $14,849,629,309 $60,071,584,216
2014 $15,146,883,498 $68,804,811,898
2013 $14,902,488,604 $65,203,276,467
2012 $13,708,925,477 $59,776,383,527
2011 $13,008,746,039 $61,696,281,326
2010 $11,859,312,725 $56,213,985,987
2009 $11,597,002,835 $54,467,289,898
2008 $10,432,962,635 $58,844,277,702
2007 $9,228,637,768 $51,587,401,416
2006 $7,638,739,123 $42,910,146,296
2005 $7,030,149,730 $37,672,280,120
2004 $6,087,360,684 $35,064,843,793
2003 $5,071,947,798 $29,667,268,248
2002 $6,205,847,214 $23,649,833,332
2001 $6,331,970,324 $21,387,533,703
2000 $6,813,566,099 $21,230,182,989
1999 $4,153,725,884 $21,899,317,599
1998 $3,723,903,724 $20,150,053,345
1997 $3,338,949,152 $19,563,836,265
1996 $2,907,517,604 $20,895,314,658
1995 $2,813,313,279 $20,853,093,870
1994 $2,167,569,046 $17,701,798,891
1993 $1,878,253,767 $15,925,521,222
1992 $2,257,129,792 $15,518,702,635
1991 $3,473,562,628 $13,834,219,728
1990 $3,096,289,800 $12,778,792,854
1989 $2,736,243,800 $10,037,674,038
1988 $2,613,926,800 $9,418,167,855
1987 $2,047,200,000 $8,320,902,215
1986 $2,318,000,000 $6,685,595,088
1985 $2,009,400,000 $4,577,211,767
1984 $1,816,200,000 $4,438,435,493
1983 $1,623,600,000 $4,524,217,751
1982 $1,474,200,000 $4,602,316,793
1981 $1,479,400,000 $5,053,665,797
1980 $1,383,800,000 $6,019,805,490
1979 $1,080,600,000 $5,516,982,664
1978 $974,200,000 $4,718,539,772
1977 $947,000,000 $3,789,321,328
1976 $879,000,000 $3,423,586,207
1975 $681,400,000 $3,123,333,333
1974 $565,399,322 $3,183,637,117
1973 $466,798,973 $2,609,875,802
1972 $371,998,958 $1,901,697,370
1971 $362,800,000 $1,518,773,421
1970 $331,200,000 $1,457,768,455
1969 $391,820,400 $1,245,432,991
1968 $367,968,800 $1,075,561,623
1967 $369,124,200 $983,052,315
1966 $368,948,600 $976,717,015
1965 $353,251,800 $929,477,285
1964 $325,281,200 $910,877,686
1963 $294,883,400 $797,902,154
1962 $281,896,800 $747,846,862
1961 $271,066,000 $710,163,719
1960 $273,187,200 $709,941,874

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

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

GDP per capita in Haiti vs Luxembourg by year

Haiti
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $137,782 $155,941
2023 $1,706 $3,292 $133,231 $150,508
2022 $1,761 $3,275 $123,720 $146,919
2021 $1,841 $3,145 $134,966 $136,772
2020 $1,290 $3,103 $116,860 $122,067
2019 $1,352 $3,237 $112,697 $121,372
2018 $1,496 $3,197 $116,927 $116,638
2017 $1,395 $3,339 $110,193 $114,986
2016 $1,318 $3,253 $106,899 $113,365
2015 $1,411 $3,026 $105,462 $107,860
2014 $1,460 $3,076 $123,679 $105,296
2013 $1,458 $3,042 $120,000 $100,925
2012 $1,361 $2,830 $112,585 $96,636
2011 $1,312 $2,858 $119,025 $94,475
2010 $1,210 $2,695 $110,886 $90,336
2009 $1,197 $2,855 $109,420 $86,919
2008 $1,095 $2,724 $120,422 $90,971
2007 $985 $2,647 $107,475 $85,126
2006 $829 $2,504 $90,789 $78,861
2005 $776 $2,427 $80,988 $68,788
2004 $683 $2,322 $76,545 $64,686
2003 $579 $2,331 $65,689 $60,192
2002 $721 $2,248 $53,006 $58,576
2001 $749 $2,230 $48,440 $56,136
2000 $821 $2,229 $48,660 $55,136
1999 $510 $2,201 $50,872 $49,845
1998 $465 $2,152 $47,445 $44,270
1997 $425 $2,122 $46,642 $42,488
1996 $377 $2,070 $50,444 $39,722
1995 $372 $1,989 $51,032 $38,345
1994 $292.1 $1,807 $43,933 $37,551
1993 $258.1 $2,048 $40,067 $35,899
1992 $316 $2,158 $39,571 $34,108
1991 $497 $2,273 $35,747 $33,191
1990 $452 $2,202 $33,465 $29,949
1989 $407 - $26,618 -
1988 $397 - $25,219 -
1987 $318 - $22,443 -
1986 $367 - $18,150 -
1985 $325 - $12,482 -
1984 $299.2 - $12,127 -
1983 $272.8 - $12,374 -
1982 $252.6 - $12,591 -
1981 $258.5 - $13,837 -
1980 $246.5 - $16,531 -
1979 $196.2 - $15,204 -
1978 $180.3 - $13,034 -
1977 $178.7 - $10,486 -
1976 $169.1 - $9,491 -
1975 $133.6 - $8,701 -
1974 $113 - $8,967 -
1973 $95.1 - $7,447 -
1972 $77.3 - $5,487 -
1971 $76.8 - $4,435 -
1970 $71.5 - $4,298 -
1969 $86.1 - $3,690 -
1968 $82.4 - $3,203 -
1967 $84.2 - $2,935 -
1966 $85.7 - $2,925 -
1965 $83.6 - $2,804 -
1964 $78.5 - $2,779 -
1963 $72.4 - $2,462 -
1962 $70.4 - $2,332 -
1961 $69 - $2,241 -
1960 $70.8 - $2,261 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $137,782 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Luxembourg ranks 1st at $155,941.

Economic indicators

Haiti Luxembourg
Gross domestic product
$25.2B
2024
$93.3B
2024
GDP rank
117/197
2024
74/197
2024
GDP growth
-4.17%
2023-2024
0.36%
2023-2024
GDP per capita
$2,143
2024
$137,782
2024
GDP per capita rank
153/197
2024
3/197
2024
GDP per capita, PPP
$3,194
2024
$155,941
2024
GDP per capita PPP rank
177/197
2024
1/197
2024
Government debt
$3.91B
2024
$24.5B
2024
Debt-to-GDP ratio
15.5%
2024
26.3%
2024
Government debt per person
$332
2024
$36,221
2024
Government debt per person rank
176/185
2024
19/185
2024
Average annual personal income after taxes
$1,896
2026
$69,593
2026
Market capitalization of domestic companies n/a
$41.9B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
31.2%
2012
25%
2023
Income share by poorest 10%
2.1%
2012
2.8%
2023
Government expenditure, % of GDP
5.25%
2024
46.9%
2024
Consumer prices inflation
26.9%
2023-2024
2.05%
2023-2024
Unemployment rate
14.1%
2012
6.42%
2024
Population
12076663
693885

Spending and national debt comparison by year

Haiti
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Haiti Luxembourg
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 46.9% 26.3%
2023 6.46% 28.5% 46.4% 24.7%
2022 8.33% 29.5% 44.3% 24.9%
2021 9.42% 28.9% 42.4% 24.2%
2020 9.86% 22.3% 47% 24.5%
2019 9.59% 26.5% 43.1% 22.3%
2018 11.3% 24.1% 42.3% 20.9%
2017 10.2% 22.5% 41.3% 21.8%
2016 10.5% 24.4% 40% 19.6%
2015 12.7% 23.9% 40.4% 21.1%
2014 14.6% 21.4% 40.6% 21.9%
2013 15.9% 25.1% 41.2% 22.4%
2012 16.4% 24.1% 41.8% 20.8%
2011 14.1% 22.3% 41.5% 18.5%
2010 12.6% 24.9% 42% 19.1%
2009 11.6% 19.4% 42.7% 15.3%
2008 11.2% 33.9% 37.9% 14.6%
2007 11.1% 24.4% 37.4% 8.09%
2006 9.67% 32.2% 39.4% 8.21%
2005 8.75% 29.7% 43.4% 7.95%
2004 7.38% 30.4% 43.7% 7.83%
2003 7.83% 37.8% 43.3% 7.43%
2002 6.64% 32% 41.8% 7.45%
2001 6.11% 28.8% 38.1% 7.62%
2000 6.25% 32.5% 38% 7.49%
1999 6.91% 24.1% 41.7% 8.39%
1998 5.4% 24% 43.9% 9.51%
1997 5.46% 26.2% 44.2% 10.1%
1996 - 26.2% 42.5% 10.2%
1995 - 26.2% 42% 10.3%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Luxembourg spent $43.7B, or 46.9% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 26.3% in Luxembourg, ranking 177/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Luxembourg
1x
Year Deficit/surplus, % of GDP
Haiti Luxembourg
2024 6.96% 1.03%
2023 0.77% -0.78%
2022 -1.75% 0.18%
2021 -2.45% 1%
2020 -1.96% -3.09%
2019 -1.99% 2.68%
2018 -1.13% 3.17%
2017 -0.32% 1.37%
2016 0.12% 1.89%
2015 -1.47% 1.3%
2014 -3.64% 1.33%
2013 -3.98% 0.84%
2012 -2.71% 0.5%
2011 -1.43% 0.65%
2010 -1.5% -0.26%
2009 -2% -0.21%
2008 -1.8% 3.37%
2007 -1.55% 4.35%
2006 -0.91% 1.9%
2005 -0.83% -0.21%
2004 -1.34% -1.39%
2003 -2.24% 0.28%
2002 -1.8% 2.03%
2001 -1.55% 5.62%
2000 -1.36% 5.55%
1999 -1.54% 3.24%
1998 0.21% 2.98%
1997 0.37% 2.65%
1996 - 2.37%
1995 - 2.71%
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) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

GeoRank.org/economy/haiti/luxembourg | 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 Luxembourg's surplus of $961M, or 1.03% of GDP.

Over the past 30 years, Haiti recorded a fiscal deficit in 23 of those years, while Luxembourg ran a deficit in 6 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to surplus of 1.57% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Haiti

Luxembourg
1x
Year Consumer prices inflation
Haiti Luxembourg
2024 26.9% 2.05%
2023 36.8% 3.74%
2022 34% 6.34%
2021 16.8% 2.53%
2020 22.8% 0.82%
2019 18.7% 1.74%
2018 12.5% 1.53%
2017 10.7% 1.73%
2016 11.5% 0.29%
2015 6.73% 0.47%
2014 3.44% 0.63%
2013 4.77% 1.73%
2012 5.02% 2.66%
2011 6.33% 3.41%
2010 4.83% 2.27%
2009 0.39% 0.37%
2008 15.3% 3.4%
2007 6.56% 2.31%
2006 11.3% 2.67%
2005 14% 2.49%
2004 21% 2.23%
2003 28.7% 2.05%
2002 7.03% 2.07%
2001 13.3% 2.66%
2000 9.33% 3.15%
1999 3% 1.03%
1998 5.27% 0.96%
1997 20.6% 1.37%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 2.1% in Luxembourg. In 2024, inflation was 26.9% in Haiti and 2.05% in Luxembourg.

Top exports between countries

Haiti
Export category Export value
Machinery & equipment $413K
Luxembourg
Export category Export value
Machinery & equipment $366K
Raw materials & minerals $4K
Textiles & consumer goods $3K
Metals $2K
Chemicals & pharma $1K
Precious metals & jewellery $1K

Balance of trade

Haiti Luxembourg
Current account balance
-$145M
2024
$4.1B
2024
Current account balance ranking
92/190
2024
35/190
2024
Current account balance, % of GDP
-0.58%
2024
+4.4%
2024
Goods imports
$4.27B
2024
$29.4B
2024
Goods exports
$767M
2024
$31.3B
2024
Service imports
$518M
2024
$117B
2024
Service exports
$96.6M
2024
$150B
2024
Imports of goods and services, % of GDP
18.8%
2024
159.7%
2024
Exports of goods and services, % of GDP
3.4%
2024
191.5%
2024

Economic freedom indices

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

Haiti Luxembourg
Economic freedom 46.1 79.7
Economic freedom ranking 178/197 7/197
Property rights 6.6 96.6
Government integrity 13 88.7
Judicial effectiveness 17.3 99.1
Tax burden 81.7 62.3
Government spending 98.7 36.9
Fiscal health 99.5 98.6
Business freedom 30.7 89.5
Labor freedom 54.7 56.7
Monetary freedom 45.1 74.1
Trade freedom 66.4 79.4
Investment freedom 20 95
Financial freedom 20 80

Economic freedom comparison by year

Haiti
Luxembourg
1x
Year Economic freedom index
Haiti Luxembourg
2026 46.1 79.7
2025 46.1 79.5
2024 48.2 79.2
2023 49.9 78.4
2022 50 80.6
2021 50.8 76
2020 52.3 75.8
2019 52.7 75.9
2018 55.8 76.4
2017 49.6 75.9
2016 51.3 73.9
2015 51.3 73.2
2014 48.9 74.2
2013 48.1 74.2
2012 50.7 74.5
2011 52.1 76.2
2010 50.8 75.4
2009 50.5 75.2
2008 49 74.7
2007 51.4 74.6
2006 49.2 75.3
2005 48.4 76.3
2004 51.2 78.9
2003 50.6 79.9
2002 47.9 79.4
2001 47.1 80.1
2000 45.7 76.4
1999 45.9 72.4
1998 45.7 72.7
1997 45.8 72.8
1996 41 72.5
1995 43 -

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Luxembourg
Services, % of GDP
48.3%
2024
81.2%
2024
Industry, % of GDP
33.4%
2024
9.66%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
0.21%
2024
GNI, Atlas method
$20.7B
2024
$57.3B
2024
GNI per capita, PPP
$3,190
2024
$110,650
2024
Total reserves including gold
$2.72B
2024
$2.79B
2024
Total reserves ranking
121/177
2024
119/177
2024
Net foreign direct investment
-$20M
2024
$21.4B
2024
Net inflows of foreign direct investment
$20M
2024
$106B
2024
Net outflows of foreign direct investment
$0
2024
$109B
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
n/a
Poverty at national poverty lines
58.5%
2012
17.3%
2021
Gross capital formation, % of GDP
9.94%
2024
15.8%
2024

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/luxembourg | 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 (1995–2024, 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. TradeMap (2017–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.