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Economy of Haiti vs Malaysia compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $422B for Malaysia, ranking 117/197 and 38/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Haiti vs Malaysia GDP by year

Haiti
Malaysia
1x
Year GDP, current $
Haiti Malaysia
2024 $25,224,154,991 $422,227,005,429
2023 $19,850,585,722 $399,949,418,753
2022 $20,253,551,921 $407,830,525,990
2021 $20,944,387,976 $373,784,553,030
2020 $14,508,222,518 $337,456,163,961
2019 $15,016,090,930 $365,177,721,022
2018 $16,403,864,618 $358,788,845,713
2017 $15,093,357,161 $319,109,094,160
2016 $14,069,277,526 $301,256,033,870
2015 $14,849,629,309 $301,355,266,965
2014 $15,146,883,498 $338,066,095,097
2013 $14,902,488,604 $323,276,235,524
2012 $13,708,925,477 $314,443,047,642
2011 $13,008,746,039 $297,951,668,675
2010 $11,859,312,725 $255,017,638,456
2009 $11,597,002,835 $202,257,453,037
2008 $10,432,962,635 $230,811,614,370
2007 $9,228,637,768 $193,549,569,478
2006 $7,638,739,123 $162,692,258,307
2005 $7,030,149,730 $143,534,405,819
2004 $6,087,360,684 $124,749,473,684
2003 $5,071,947,798 $110,202,368,421
2002 $6,205,847,214 $100,845,526,316
2001 $6,331,970,324 $92,783,947,368
2000 $6,813,566,099 $93,789,736,842
1999 $4,153,725,884 $79,148,421,053
1998 $3,723,903,724 $72,167,498,981
1997 $3,338,949,152 $100,005,323,302
1996 $2,907,517,604 $100,855,393,910
1995 $2,813,313,279 $88,705,342,903
1994 $2,167,569,046 $74,478,356,958
1993 $1,878,253,767 $66,894,966,969
1992 $2,257,129,792 $59,167,550,163
1991 $3,473,562,628 $49,143,148,094
1990 $3,096,289,800 $44,024,585,240
1989 $2,736,243,800 $38,847,965,293
1988 $2,613,926,800 $35,272,109,220
1987 $2,047,200,000 $32,181,210,158
1986 $2,318,000,000 $27,734,111,400
1985 $2,009,400,000 $31,199,633,353
1984 $1,816,200,000 $33,942,897,422
1983 $1,623,600,000 $30,347,442,111
1982 $1,474,200,000 $26,804,493,635
1981 $1,479,400,000 $25,004,285,792
1980 $1,383,800,000 $24,488,224,677
1979 $1,080,600,000 $21,213,264,962
1978 $974,200,000 $16,358,079,862
1977 $947,000,000 $13,139,488,633
1976 $879,000,000 $11,050,234,599
1975 $681,400,000 $9,298,800,799
1974 $565,399,322 $9,496,204,302
1973 $466,798,973 $7,662,902,678
1972 $371,998,958 $5,043,347,250
1971 $362,800,000 $4,244,395,956
1970 $331,200,000 $3,864,145,667
1969 $391,820,400 $3,664,552,041
1968 $367,968,800 $3,330,371,551
1967 $369,124,200 $3,188,924,677
1966 $368,948,600 $3,143,517,944
1965 $353,251,800 $2,956,337,669
1964 $325,281,200 $2,674,423,922
1963 $294,883,400 $2,510,110,348
1962 $281,896,800 $2,001,489,602
1961 $271,066,000 $1,901,856,123
1960 $273,187,200 $1,916,229,477

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

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

GDP per capita in Haiti vs Malaysia by year

Haiti
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $11,874 $38,779
2023 $1,706 $3,292 $11,386 $36,467
2022 $1,761 $3,275 $11,755 $34,420
2021 $1,841 $3,145 $10,903 $29,823
2020 $1,290 $3,103 $9,958 $27,475
2019 $1,352 $3,237 $10,920 $28,934
2018 $1,496 $3,197 $10,902 $27,794
2017 $1,395 $3,339 $9,863 $26,416
2016 $1,318 $3,253 $9,477 $25,286
2015 $1,411 $3,026 $9,649 $24,526
2014 $1,460 $3,076 $11,013 $24,307
2013 $1,458 $3,042 $10,714 $23,161
2012 $1,361 $2,830 $10,601 $22,639
2011 $1,312 $2,858 $10,217 $21,324
2010 $1,210 $2,695 $8,899 $20,193
2009 $1,197 $2,855 $7,191 $18,923
2008 $1,095 $2,724 $8,372 $19,480
2007 $985 $2,647 $7,169 $18,617
2006 $829 $2,504 $6,158 $17,426
2005 $776 $2,427 $5,556 $16,371
2004 $683 $2,322 $4,939 $15,416
2003 $579 $2,331 $4,465 $14,387
2002 $721 $2,248 $4,184 $13,656
2001 $749 $2,230 $3,944 $13,072
2000 $821 $2,229 $4,084 $13,027
1999 $510 $2,201 $3,528 $11,980
1998 $465 $2,152 $3,294 $11,398
1997 $425 $2,122 $4,679 $12,469
1996 $377 $2,070 $4,837 $11,709
1995 $372 $1,989 $4,363 $10,720
1994 $292.1 $1,807 $3,758 $9,806
1993 $258.1 $2,048 $3,462 $9,018
1992 $316 $2,158 $3,141 $8,224
1991 $497 $2,273 $2,679 $7,583
1990 $452 $2,202 $2,469 $6,887
1989 $407 - $2,244 -
1988 $397 - $2,100 -
1987 $318 - $1,977 -
1986 $367 - $1,760 -
1985 $325 - $2,046 -
1984 $299.2 - $2,300 -
1983 $272.8 - $2,124 -
1982 $252.6 - $1,938 -
1981 $258.5 - $1,866 -
1980 $246.5 - $1,886 -
1979 $196.2 - $1,680 -
1978 $180.3 - $1,327 -
1977 $178.7 - $1,092 -
1976 $169.1 - $940 -
1975 $133.6 - $811 -
1974 $113 - $848 -
1973 $95.1 - $701 -
1972 $77.3 - $472 -
1971 $76.8 - $407 -
1970 $71.5 - $380 -
1969 $86.1 - $368 -
1968 $82.4 - $342 -
1967 $84.2 - $335 -
1966 $85.7 - $339 -
1965 $83.6 - $326 -
1964 $78.5 - $303 -
1963 $72.4 - $291.8 -
1962 $70.4 - $238.8 -
1961 $69 - $232.9 -
1960 $70.8 - $240.8 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Malaysia ranks 60th at $38,779.

Economic indicators

Haiti Malaysia
Gross domestic product
$25.2B
2024
$422B
2024
GDP rank
117/197
2024
38/197
2024
GDP growth
-4.17%
2023-2024
5.11%
2023-2024
GDP per capita
$2,143
2024
$11,874
2024
GDP per capita rank
153/197
2024
79/197
2024
GDP per capita, PPP
$3,194
2024
$38,779
2024
GDP per capita PPP rank
177/197
2024
60/197
2024
Government debt
$3.91B
2024
$296B
2024
Debt-to-GDP ratio
15.5%
2024
70.1%
2024
Government debt per person
$332
2024
$8,322
2024
Government debt per person rank
176/185
2024
62/185
2024
Average annual personal income after taxes
$1,896
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
31.2%
2012
30.9%
2021
Income share by poorest 10%
2.1%
2012
2.3%
2021
Government expenditure, % of GDP
5.25%
2024
23.9%
2024
Consumer prices inflation
26.9%
2023-2024
1.83%
2023-2024
Central bank interest rate n/a
2.75%
2025
Unemployment rate
14.1%
2012
3.93%
2022
Population
12076663
36512221

Spending and national debt comparison by year

Haiti
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Haiti Malaysia
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 23.9% 70.1%
2023 6.46% 28.5% 24.9% 69.7%
2022 8.33% 29.5% 24.6% 65.5%
2021 9.42% 28.9% 24.5% 69.2%
2020 9.86% 22.3% 25% 67.7%
2019 9.59% 26.5% 23.6% 57.1%
2018 11.3% 24.1% 22.8% 55.6%
2017 10.2% 22.5% 22% 54.4%
2016 10.5% 24.4% 22.9% 55.8%
2015 12.7% 23.9% 24.7% 57%
2014 14.6% 21.4% 26% 55.4%
2013 15.9% 25.1% 27.8% 55.7%
2012 16.4% 24.1% 28.5% 53.8%
2011 14.1% 22.3% 27.1% 51.9%
2010 12.6% 24.9% 26.6% 51.2%
2009 11.6% 19.4% 30.9% 50.4%
2008 11.2% 33.9% 26.9% 39.4%
2007 11.1% 24.4% 25.9% 39.3%
2006 9.67% 32.2% 25.6% 39.7%
2005 8.75% 29.7% 24.5% 40.8%
2004 7.38% 30.4% 25.9% 42%
2003 7.83% 37.8% 28.1% 41.4%
2002 6.64% 32% 27.1% 39.5%
2001 6.11% 28.8% 28.2% 38.1%
2000 6.25% 32.5% 25.6% 32.5%
1999 6.91% 24.1% 24.6% 34.4%
1998 5.4% 24% 23.1% 33.6%
1997 5.46% 26.2% 21.2% 29.6%
1996 - 26.2% 22.4% 32.8%
1995 - 26.2% 22.6% 38.2%
1994 - 35.3% 23.3% 43.7%
1993 - 98% 24.6% 51.1%
1992 - 118.9% 28.2% 59.1%
1991 - 80.7% 27.4% 67.3%
1990 - 85.1% 30.5% 74.1%
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 (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/malaysia | CC BY

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 70.1% in Malaysia, ranking 177/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Malaysia
1x
Year Deficit/surplus, % of GDP
Haiti Malaysia
2024 6.96% -3.95%
2023 0.77% -3.97%
2022 -1.75% -4.56%
2021 -2.45% -6.03%
2020 -1.96% -4.9%
2019 -1.99% -2.01%
2018 -1.13% -2.64%
2017 -0.32% -2.41%
2016 0.12% -2.6%
2015 -1.47% -2.55%
2014 -3.64% -2.63%
2013 -3.98% -3.48%
2012 -2.71% -3.1%
2011 -1.43% -3.57%
2010 -1.5% -4.32%
2009 -2% -5.88%
2008 -1.8% -3.4%
2007 -1.55% -2.57%
2006 -0.91% -2.6%
2005 -0.83% -2.83%
2004 -1.34% -3.35%
2003 -2.24% -4.6%
2002 -1.8% -3.96%
2001 -1.55% -4.36%
2000 -1.36% -6.05%
1999 -1.54% -3%
1998 0.21% -0.63%
1997 0.37% 4.84%
1996 - 3.27%
1995 - 3.1%
1994 - 5.45%
1993 - 3.44%
1992 - 1.81%
1991 - 1.6%
1990 - 0.15%
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/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 35 years, Haiti recorded a fiscal deficit in 23 of those years, while Malaysia ran a deficit in 27 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to deficit of 2.07% of GDP for Malaysia.

Inflation comparison by year

Inflation
Haiti

Malaysia
1x
Year Consumer prices inflation
Haiti Malaysia
2024 26.9% 1.83%
2023 36.8% 2.49%
2022 34% 3.38%
2021 16.8% 2.48%
2020 22.8% -1.14%
2019 18.7% 0.66%
2018 12.5% 0.88%
2017 10.7% 3.87%
2016 11.5% 2.09%
2015 6.73% 2.1%
2014 3.44% 3.14%
2013 4.77% 2.11%
2012 5.02% 1.66%
2011 6.33% 3.17%
2010 4.83% 1.62%
2009 0.39% 0.58%
2008 15.3% 5.44%
2007 6.56% 2.03%
2006 11.3% 3.61%
2005 14% 2.98%
2004 21% 1.42%
2003 28.7% 1.09%
2002 7.03% 1.81%
2001 13.3% 1.42%
2000 9.33% 1.53%
1999 3% 2.74%
1998 5.27% 5.27%
1997 20.6% 2.66%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 2.25% in Malaysia. In 2024, inflation was 26.9% in Haiti and 1.83% in Malaysia.

Top exports between countries

Haiti
Export category Export value
Processed food, beverages & tobacco $146K
Machinery & equipment $5K
Malaysia
Export category Export value
Processed food, beverages & tobacco $32.5M
Animal & marine products $2.27M
Textiles & consumer goods $488K
Chemicals & pharma $331K
Metals $233K
Machinery & equipment $167K
Wood & paper products $110K
Raw materials & minerals $109K
Miscellaneous $3K
Precious metals & jewellery $2K

Balance of trade

Haiti Malaysia
Current account balance
-$145M
2024
$7.15B
2024
Current account balance ranking
92/190
2024
26/190
2024
Current account balance, % of GDP
-0.58%
2024
+1.69%
2024
Goods imports
$4.27B
2024
$223B
2024
Goods exports
$767M
2024
$248B
2024
Service imports
$518M
2024
$56.4B
2024
Service exports
$96.6M
2024
$53.4B
2024
Imports of goods and services, % of GDP
18.8%
2024
66%
2024
Exports of goods and services, % of GDP
3.4%
2024
71.3%
2024

Economic freedom indices

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

Haiti Malaysia
Economic freedom 46.1 68
Economic freedom ranking 178/197 51/197
Property rights 6.6 62.7
Government integrity 13 52.9
Judicial effectiveness 17.3 63.4
Tax burden 81.7 83.5
Government spending 98.7 82
Fiscal health 99.5 62.5
Business freedom 30.7 79.6
Labor freedom 54.7 55.4
Monetary freedom 45.1 80.8
Trade freedom 66.4 83
Investment freedom 20 60
Financial freedom 20 50

Economic freedom comparison by year

Haiti
Malaysia
1x
Year Economic freedom index
Haiti Malaysia
2026 46.1 68
2025 46.1 67.1
2024 48.2 65.7
2023 49.9 67.3
2022 50 68.1
2021 50.8 74.4
2020 52.3 74.7
2019 52.7 74
2018 55.8 74.5
2017 49.6 73.8
2016 51.3 71.5
2015 51.3 70.8
2014 48.9 69.6
2013 48.1 66.1
2012 50.7 66.4
2011 52.1 66.3
2010 50.8 64.8
2009 50.5 64.6
2008 49 63.9
2007 51.4 63.8
2006 49.2 61.6
2005 48.4 61.9
2004 51.2 59.9
2003 50.6 61.1
2002 47.9 60.1
2001 47.1 60.2
2000 45.7 66
1999 45.9 68.9
1998 45.7 68.2
1997 45.8 66.8
1996 41 69.9
1995 43 71.9

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Malaysia
Services, % of GDP
48.3%
2024
53.7%
2024
Industry, % of GDP
33.4%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
8.13%
2024
GNI, Atlas method
$20.7B
2024
$414B
2024
GNI per capita, PPP
$3,190
2024
$37,450
2024
Total reserves including gold
$2.72B
2024
$116B
2024
Total reserves ranking
121/177
2024
24/177
2024
Net foreign direct investment
-$20M
2024
-$2.55B
2024
Net inflows of foreign direct investment
$20M
2024
$15.6B
2024
Net outflows of foreign direct investment
$0
2024
$13B
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
n/a
Poverty at national poverty lines
58.5%
2012
5.8%
2023
Gross capital formation, % of GDP
9.94%
2024
22%
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/malaysia | 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. 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.