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Economy of Haiti vs Mongolia compared: GDP & Debt

Updated on by Georank

Haiti has a GDP of $32.1B compared to $25.4B for Mongolia, ranking 112/197 and 123/197 by economy size, respectively.

Haiti has $3.95B in government debt (12.3% of GDP), compared to $11.4B (45.1% of GDP) in Mongolia.

Haiti vs Mongolia GDP by year

Haiti
Mongolia
1x
Year GDP, current $
Haiti Mongolia
2025 $32,077,278,409 $25,369,107,325
2024 $24,255,657,481 $23,794,540,025
2023 $19,572,288,894 $20,325,121,394
2022 $20,113,007,126 $17,146,471,714
2021 $20,754,978,152 $15,286,441,738
2020 $14,508,222,518 $13,312,981,429
2019 $15,016,090,930 $14,206,359,018
2018 $16,403,864,618 $13,178,094,720
2017 $15,093,357,161 $11,480,847,741
2016 $14,069,277,526 $11,181,350,649
2015 $14,849,629,309 $11,619,892,591
2014 $15,146,883,498 $12,226,514,668
2013 $14,902,488,604 $12,582,122,604
2012 $13,708,925,477 $12,292,770,632
2011 $13,008,746,039 $10,409,797,378
2010 $11,859,312,725 $7,189,481,999
2009 $11,597,002,835 $4,583,850,368
2008 $10,432,962,635 $5,623,216,608
2007 $9,228,637,768 $4,234,999,704
2006 $7,638,739,123 $3,414,055,662
2005 $7,030,149,730 $2,523,471,601
2004 $6,087,360,684 $1,992,066,808
2003 $5,071,947,798 $1,595,297,356
2002 $6,205,847,214 $1,396,555,720
2001 $6,331,970,324 $1,267,997,934
2000 $6,813,566,099 $1,136,896,124
1999 $4,153,725,884 $1,057,408,589
1998 $3,723,903,724 $1,124,440,205
1997 $3,338,949,152 $1,180,934,203
1996 $2,907,517,604 $1,345,719,472
1995 $2,813,313,279 $1,452,165,005
1994 $2,167,569,046 $925,817,092
1993 $1,878,253,767 $768,401,634
1992 $2,257,129,792 $1,317,611,864
1991 $3,473,562,628 $2,379,018,326
1990 $3,096,289,800 $2,560,785,660
1989 $2,736,243,800 $3,576,966,800
1988 $2,613,926,800 $3,204,461,567
1987 $2,047,200,000 $3,020,611,600
1986 $2,318,000,000 $2,896,178,867
1985 $2,009,400,000 $2,186,505,475
1984 $1,816,200,000 $2,098,734,600
1983 $1,623,600,000 $2,725,736,633
1982 $1,474,200,000 $2,552,401,933
1981 $1,479,400,000 $2,310,099,100
1980 $1,383,800,000 $2,101,394,100
1979 $1,080,600,000 -
1978 $974,200,000 -
1977 $947,000,000 -
1976 $879,000,000 -
1975 $681,400,000 -
1974 $565,399,322 -
1973 $466,798,973 -
1972 $371,998,958 -
1971 $362,800,000 -
1970 $331,200,000 -
1969 $391,820,400 -
1968 $367,968,800 -
1967 $369,124,200 -
1966 $368,948,600 -
1965 $353,251,800 -
1964 $325,281,200 -
1963 $294,883,400 -
1962 $281,896,800 -
1961 $271,066,000 -
1960 $273,187,200 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Haiti vs Mongolia by year

Haiti
GDP per capita

GDP per capita, PPP
Mongolia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Mongolia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,694 - $7,108 -
2024 $2,060 $3,194 $6,751 $19,145
2023 $1,682 $3,292 $5,839 $18,005
2022 $1,748 $3,275 $4,994 $16,402
2021 $1,825 $3,145 $4,518 $14,792
2020 $1,290 $3,103 $4,001 $13,693
2019 $1,352 $3,237 $4,348 $13,605
2018 $1,496 $3,197 $4,108 $12,317
2017 $1,395 $3,339 $3,646 $11,096
2016 $1,318 $3,253 $3,620 $10,511
2015 $1,411 $3,026 $3,839 $10,458
2014 $1,460 $3,076 $4,126 $10,900
2013 $1,458 $3,042 $4,340 $10,442
2012 $1,361 $2,830 $4,329 $10,152
2011 $1,312 $2,858 $3,736 $8,862
2010 $1,210 $2,695 $2,625 $7,532
2009 $1,197 $2,855 $1,703 $7,119
2008 $1,095 $2,724 $2,127 $7,297
2007 $985 $2,647 $1,628 $6,678
2006 $829 $2,504 $1,330 $5,977
2005 $776 $2,427 $995 $5,406
2004 $683 $2,322 $794 $4,942
2003 $579 $2,331 $643 $4,399
2002 $721 $2,248 $570 $4,083
2001 $749 $2,230 $524 $3,889
2000 $821 $2,229 $476 $3,740
1999 $510 $2,201 $449 $3,664
1998 $465 $2,152 $484 $3,555
1997 $425 $2,122 $515 $3,449
1996 $377 $2,070 $596 $3,310
1995 $372 $1,989 $653 $3,229
1994 $292.1 $1,807 $423 $3,021
1993 $258.1 $2,048 $355 $2,929
1992 $316 $2,158 $608 $2,951
1991 $497 $2,273 $1,099 $3,183
1990 $452 $2,202 $1,220 $3,479
1989 $407 - $1,684 -
1988 $397 - $1,543 -
1987 $318 - $1,493 -
1986 $367 - $1,469 -
1985 $325 - $1,138 -
1984 $299.2 - $1,120 -
1983 $272.8 - $1,490 -
1982 $252.6 - $1,430 -
1981 $258.5 - $1,325 -
1980 $246.5 - $1,235 -
1979 $196.2 - - -
1978 $180.3 - - -
1977 $178.7 - - -
1976 $169.1 - - -
1975 $133.6 - - -
1974 $113 - - -
1973 $95.1 - - -
1972 $77.3 - - -
1971 $76.8 - - -
1970 $71.5 - - -
1969 $86.1 - - -
1968 $82.4 - - -
1967 $84.2 - - -
1966 $85.7 - - -
1965 $83.6 - - -
1964 $78.5 - - -
1963 $72.4 - - -
1962 $70.4 - - -
1961 $69 - - -
1960 $70.8 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Haiti's GDP per capita is $2,694, ranking 150/197, compared to $7,108 in Mongolia, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Mongolia ranks 98th at $19,145.

Economic indicators

Haiti Mongolia
Gross domestic product
$32.1B
2025
$25.4B
2025
GDP rank
112/197
2025
123/197
2025
GDP growth
-2.71%
2024-2025
6.84%
2024-2025
GDP per capita
$2,694
2025
$7,108
2025
GDP per capita rank
150/197
2025
103/197
2025
GDP per capita, PPP
$3,194
2024
$19,145
2024
GDP per capita PPP rank
177/197
2024
98/197
2024
Government debt
$3.95B
2025
$11.4B
2025
Debt-to-GDP ratio
12.3%
2025
45.1%
2025
Government debt per person
$332
2025
$3,207
2025
Government debt per person rank
177/185
2025
101/185
2025
Average annual personal income after taxes
$2,152
2026
$7,064
2026
Income share by richest 10%
31.2%
2012
24.6%
2022
Income share by poorest 10%
2.1%
2012
3.4%
2022
Government expenditure, % of GDP
6.19%
2025
34.6%
2025
Consumer prices inflation
28.6%
2024-2025
8.6%
2024-2025
Central bank interest rate n/a
12%
2025
Unemployment rate
14.1%
2012
5.81%
2024
Population
12106577
3630744

Spending and national debt comparison by year

Haiti
Spending

Debt
Mongolia
Spending

Debt
1x
Year % of GDP
Haiti Mongolia
Government spending Government debt Government spending Government debt
2025 6.19% 12.3% 34.6% 45.1%
2024 5.25% 15.5% 37.5% 44.1%
2023 6.46% 27.8% 31.9% 46.7%
2022 8.33% 29.2% 33.7% 64.5%
2021 9.42% 28.4% 35.9% 67.3%
2020 9.86% 22.3% 37.1% 83.4%
2019 9.59% 26.5% 30.8% 66.8%
2018 11.3% 24.1% 28.4% 76.5%
2017 10.2% 22.5% 32.2% 86.9%
2016 10.5% 24.4% 39.7% 78.7%
2015 12.7% 23.9% 31.2% 50.5%
2014 14.6% 21.4% 32.1% 44%
2013 15.9% 25.1% 32.2% 49.4%
2012 16.4% 24.1% 36.1% 43.7%
2011 14.1% 22.3% 37.9% 32.7%
2010 12.6% 24.9% 31.6% 31%
2009 11.6% 19.4% 35.5% 48.5%
2008 11.2% 33.9% 37.6% 31%
2007 11.1% 24.4% 35.3% 36.1%
2006 9.67% 32.2% 26.2% 40.9%
2005 8.75% 29.7% 25.1% 55.9%
2004 7.38% 30.4% 31.8% 75%
2003 7.83% 37.8% 33.7% 90%
2002 6.64% 32% 35.5% 72%
2001 6.11% 28.8% 35.2% 69.2%
2000 6.25% 32.5% 34.5% 79.3%
1999 6.91% 24.1% 33.2% 103.7%
1998 5.4% 24% 36.2% 77.5%
1997 5.46% 26.2% 30.8% 61%
1996 - 26.2% 28.6% 49.7%
1995 - 26.2% 26.6% 40.2%
1994 - 35.3% 32.2% 57.6%
1993 - 98% 38.3% 57.8%
1992 - 118.9% 29.1% 29.3%
1991 - 80.7% 46% -
1990 - 85.1% 51.7% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2005, retrieved 2026-07-08).

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

In 2025, Haiti's government spending was $1.99B, accounting for 6.19% of its GDP, while Mongolia spent $8.78B, or 34.6% of GDP.

Debt-to-GDP ratio is 12.3% in Haiti and 45.1% in Mongolia, ranking 179/185 and 116/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Mongolia
1x
Year Deficit/surplus, % of GDP
Haiti Mongolia
2025 -0.22% 1.7%
2024 6.96% 1.39%
2023 0.77% 2.73%
2022 -1.75% 0.67%
2021 -2.45% -3.05%
2020 -1.96% -9.24%
2019 -1.99% 1%
2018 -1.13% 2.85%
2017 -0.32% -3.72%
2016 0.12% -15.3%
2015 -1.47% -5.04%
2014 -3.64% -3.73%
2013 -3.98% -0.93%
2012 -2.71% -6.24%
2011 -1.43% -4.01%
2010 -1.5% 0.43%
2009 -2% -5.2%
2008 -1.8% -4.52%
2007 -1.55% 2.64%
2006 -0.91% 7.58%
2005 -0.83% 2.43%
2004 -1.34% -1.62%
2003 -2.24% -3.38%
2002 -1.8% -4.74%
2001 -1.55% -4.33%
2000 -1.36% -5.82%
1999 -1.54% -9.91%
1998 0.21% -12.3%
1997 0.37% -8.09%
1996 - -6.88%
1995 - -4.97%
1994 - -9.74%
1993 - -13.3%
1992 - -8.1%
1991 - -6.37%
1990 - -9.37%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-07-08).

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

In 2025, Haiti's government deficit, the difference between spending and revenue, was $71.5M, equivalent to 0.22% of GDP. This compares to Mongolia's surplus of $432M, or 1.7% of GDP.

Over the past 36 years, Haiti recorded a fiscal deficit in 24 of those years, while Mongolia ran a deficit in 26 years. On average, Haiti posted an annual deficit equal to 1.14% of GDP, compared to deficit of 4.07% of GDP for Mongolia.

Inflation comparison by year

Inflation
Haiti

Mongolia
1x
Year Consumer prices inflation
Haiti Mongolia
2025 28.6% 8.6%
2024 26.9% 6.2%
2023 36.8% 10.4%
2022 34% 15.1%
2021 16.8% 7.4%
2020 22.8% 3.7%
2019 18.7% 7.3%
2018 12.5% 6.8%
2017 10.7% 4.3%
2016 11.5% 0.8%
2015 6.73% 6.8%
2014 3.44% 12.9%
2013 4.77% 10.6%
2012 5.02% 13.8%
2011 6.33% 8.8%
2010 4.83% 8.3%
2009 0.39% 7.6%
2008 15.3% 28%
2007 6.56% 9.6%
2006 11.3% 4.4%
2005 14% 12.6%
2004 21% 8.3%
2003 28.7% 5.2%
2002 7.03% 0.9%
2001 13.3% 6.4%
2000 9.33% 11.3%
1999 3% 7.6%
1998 5.27% 9.5%
1997 20.6% 30%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Haiti has recorded an average annual inflation rate of 14%, compared with 9.42% in Mongolia. In 2025, inflation was 28.6% in Haiti and 8.6% in Mongolia.

Balance of trade

Haiti Mongolia
Current account balance
-$145M
2024
-$2.49B
2024
Current account balance ranking
85/190
2024
147/190
2024
Current account balance, % of GDP
-0.6%
2024
-10.4%
2024
Goods imports
$4.27B
2024
$11.7B
2024
Goods exports
$767M
2024
$14.7B
2024
Service imports
$518M
2024
$4.92B
2024
Service exports
$96.6M
2024
$1.6B
2024
Imports of goods and services, % of GDP
14.3%
2025
62.6%
2025
Exports of goods and services, % of GDP
1.56%
2025
68.1%
2025

Economic freedom indices

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

Haiti Mongolia
Economic freedom 46.1 63.9
Economic freedom ranking 178/197 76/197
Property rights 6.6 49.2
Government integrity 13 35.8
Judicial effectiveness 17.3 54.9
Tax burden 81.7 83.7
Government spending 98.7 64.6
Fiscal health 99.5 96.1
Business freedom 30.7 68.4
Labor freedom 54.7 68.2
Monetary freedom 45.1 72.1
Trade freedom 66.4 74.4
Investment freedom 20 50
Financial freedom 20 50

Economic freedom comparison by year

Haiti
Mongolia
1x
Year Economic freedom index
Haiti Mongolia
2026 46.1 63.9
2025 46.1 62.6
2024 48.2 60.6
2023 49.9 61.7
2022 50 63.9
2021 50.8 62.4
2020 52.3 55.9
2019 52.7 55.4
2018 55.8 55.7
2017 49.6 54.8
2016 51.3 59.4
2015 51.3 59.2
2014 48.9 58.9
2013 48.1 61.7
2012 50.7 61.5
2011 52.1 59.5
2010 50.8 60
2009 50.5 62.8
2008 49 63.6
2007 51.4 60.3
2006 49.2 62.4
2005 48.4 59.7
2004 51.2 56.5
2003 50.6 57.7
2002 47.9 56.7
2001 47.1 56
2000 45.7 58.5
1999 45.9 58.6
1998 45.7 57.3
1997 45.8 52.9
1996 41 47.4
1995 43 47.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 63.9 for Mongolia, ranking 76/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Mongolia
Services, % of GDP
54.2%
2025
44.3%
2025
Industry, % of GDP
27.5%
2025
37.2%
2025
Agriculture, forestry, and fishing, % of GDP
15.8%
2025
8.94%
2025
GNI, Atlas method
$23.9B
2025
$22.2B
2025
GNI per capita, PPP
$3,130
2025
$18,460
2025
Total reserves including gold
$3.39B
2025
$7B
2025
Total reserves ranking
118/177
2025
91/177
2025
Net foreign direct investment
-$20M
2024
-$2.73B
2024
Net inflows of foreign direct investment
$20M
2024
$2.78B
2024
Net outflows of foreign direct investment
$0
2024
$55.5M
2024
Servicing debt to the IMF, % of GNI
2.24%
2024
25.7%
2024
Poverty at national poverty lines
58.5%
2012
27.1%
2022
Gross capital formation, % of GDP
12.1%
2025
31.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–2005, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.