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Economy of Haiti vs Montenegro compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $8.27B for Montenegro, ranking 117/197 and 155/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $5.02B (60.8% of GDP) in Montenegro.

Haiti vs Montenegro GDP by year

Haiti
Montenegro
1x
Year GDP, current $
Haiti Montenegro
2024 $25,224,154,991 $8,270,016,671
2023 $19,850,585,722 $7,644,389,160
2022 $20,253,551,921 $6,251,215,144
2021 $20,944,387,976 $5,823,715,810
2020 $14,508,222,518 $4,723,571,498
2019 $15,016,090,930 $5,483,476,883
2018 $16,403,864,618 $5,433,467,175
2017 $15,093,357,161 $4,803,962,016
2016 $14,069,277,526 $4,357,469,330
2015 $14,849,629,309 $4,010,885,991
2014 $15,146,883,498 $4,579,636,602
2013 $14,902,488,604 $4,422,097,763
2012 $13,708,925,477 $4,071,829,462
2011 $13,008,746,039 $4,507,126,949
2010 $11,859,312,725 $4,136,936,189
2009 $11,597,002,835 $4,142,640,317
2008 $10,432,962,635 $4,540,861,726
2007 $9,228,637,768 $3,677,910,895
2006 $7,638,739,123 $2,717,702,923
2005 $7,030,149,730 $2,257,174,481
2004 $6,087,360,684 $2,073,234,418
2003 $5,071,947,798 $1,707,710,053
2002 $6,205,847,214 $1,284,685,051
2001 $6,331,970,324 $1,159,869,246
2000 $6,813,566,099 $984,293,044
1999 $4,153,725,884 $828,950,327
1998 $3,723,903,724 $854,261,161
1997 $3,338,949,152 $838,288,806
1996 $2,907,517,604 -
1995 $2,813,313,279 -
1994 $2,167,569,046 -
1993 $1,878,253,767 -
1992 $2,257,129,792 -
1991 $3,473,562,628 -
1990 $3,096,289,800 -
1989 $2,736,243,800 -
1988 $2,613,926,800 -
1987 $2,047,200,000 -
1986 $2,318,000,000 -
1985 $2,009,400,000 -
1984 $1,816,200,000 -
1983 $1,623,600,000 -
1982 $1,474,200,000 -
1981 $1,479,400,000 -
1980 $1,383,800,000 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Haiti vs Montenegro by year

Haiti
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $13,263 $34,063
2023 $1,706 $3,292 $12,260 $31,863
2022 $1,761 $3,275 $10,025 $28,050
2021 $1,841 $3,145 $9,317 $23,690
2020 $1,290 $3,103 $7,539 $20,625
2019 $1,352 $3,237 $8,749 $23,706
2018 $1,496 $3,197 $8,674 $21,084
2017 $1,395 $3,339 $7,674 $19,357
2016 $1,318 $3,253 $6,968 $18,030
2015 $1,411 $3,026 $6,421 $16,092
2014 $1,460 $3,076 $7,342 $15,276
2013 $1,458 $3,042 $7,103 $14,692
2012 $1,361 $2,830 $6,552 $13,793
2011 $1,312 $2,858 $7,266 $14,347
2010 $1,210 $2,695 $6,679 $13,612
2009 $1,197 $2,855 $6,700 $12,976
2008 $1,095 $2,724 $7,360 $13,802
2007 $985 $2,647 $5,972 $12,452
2006 $829 $2,504 $4,419 $10,440
2005 $776 $2,427 $3,675 $8,314
2004 $683 $2,322 $3,380 $7,841
2003 $579 $2,331 $2,789 $7,340
2002 $721 $2,248 $2,107 $7,100
2001 $749 $2,230 $1,910 $6,772
2000 $821 $2,229 $1,627 $6,004
1999 $510 $2,201 $1,368 $5,684
1998 $465 $2,152 $1,406 $6,170
1997 $425 $2,122 $1,375 $5,798
1996 $377 $2,070 - -
1995 $372 $1,989 - -
1994 $292.1 $1,807 - -
1993 $258.1 $2,048 - -
1992 $316 $2,158 - -
1991 $497 $2,273 - -
1990 $452 $2,202 - -
1989 $407 - - -
1988 $397 - - -
1987 $318 - - -
1986 $367 - - -
1985 $325 - - -
1984 $299.2 - - -
1983 $272.8 - - -
1982 $252.6 - - -
1981 $258.5 - - -
1980 $246.5 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $13,263 in Montenegro, ranking 77/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Montenegro ranks 65th at $34,063.

Economic indicators

Haiti Montenegro
Gross domestic product
$25.2B
2024
$8.27B
2024
GDP rank
117/197
2024
155/197
2024
GDP growth
-4.17%
2023-2024
3.16%
2023-2024
GDP per capita
$2,143
2024
$13,263
2024
GDP per capita rank
153/197
2024
77/197
2024
GDP per capita, PPP
$3,194
2024
$34,063
2024
GDP per capita PPP rank
177/197
2024
65/197
2024
Government debt
$3.91B
2024
$5.02B
2024
Debt-to-GDP ratio
15.5%
2024
60.8%
2024
Government debt per person
$332
2024
$8,058
2024
Government debt per person rank
176/185
2024
64/185
2024
Average annual personal income after taxes
$1,896
2026
$11,119
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
31.2%
2012
24.7%
2021
Income share by poorest 10%
2.1%
2012
2.1%
2021
Government expenditure, % of GDP
5.25%
2024
43.5%
2024
Consumer prices inflation
26.9%
2023-2024
3.3%
2023-2024
Unemployment rate
14.1%
2012
13.1%
2023
Population
12076663
612312

Spending and national debt comparison by year

Haiti
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Haiti Montenegro
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 43.5% 60.8%
2023 6.46% 28.5% 39.7% 59.6%
2022 8.33% 29.5% 42.2% 70.3%
2021 9.42% 28.9% 45.1% 86.2%
2020 9.86% 22.3% 54.9% 108.4%
2019 9.59% 26.5% 44.4% 79.6%
2018 11.3% 24.1% 47.8% 72.9%
2017 10.2% 22.5% 47.6% 66.9%
2016 10.5% 24.4% 47.7% 66.7%
2015 12.7% 23.9% 46.9% 69.5%
2014 14.6% 21.4% 44.3% 63.6%
2013 15.9% 25.1% 46.3% 59.2%
2012 16.4% 24.1% 45.9% 57.1%
2011 14.1% 22.3% 45.7% 49%
2010 12.6% 24.9% 46.7% 45.1%
2009 11.6% 19.4% 51.5% 43.9%
2008 11.2% 33.9% 51.2% 34.2%
2007 11.1% 24.4% 43.9% 31.8%
2006 9.67% 32.2% 42.6% 36.7%
2005 8.75% 29.7% 38.2% 38.6%
2004 7.38% 30.4% 40% 45.4%
2003 7.83% 37.8% 43.3% 48.6%
2002 6.64% 32% 37.5% 85.7%
2001 6.11% 28.8% - -
2000 6.25% 32.5% - -
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/montenegro | CC BY

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Montenegro spent $3.6B, or 43.5% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 60.8% in Montenegro, ranking 177/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Montenegro
1x
Year Deficit/surplus, % of GDP
Haiti Montenegro
2024 6.96% -2.81%
2023 0.77% 0.85%
2022 -1.75% -4.07%
2021 -2.45% -1.72%
2020 -1.96% -11%
2019 -1.99% -1.74%
2018 -1.13% -6.3%
2017 -0.32% -6.89%
2016 0.12% -6.21%
2015 -1.47% -6.03%
2014 -3.64% -0.7%
2013 -3.98% -4.54%
2012 -2.71% -5.87%
2011 -1.43% -6.79%
2010 -1.5% -4.88%
2009 -2% -6.74%
2008 -1.8% -2.3%
2007 -1.55% 8.44%
2006 -0.91% 4.34%
2005 -0.83% -1.42%
2004 -1.34% -2.45%
2003 -2.24% -4.06%
2002 -1.8% -1.44%
2001 -1.55% -
2000 -1.36% -
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/montenegro | 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 Montenegro's deficit of $232M, or 2.81% of GDP.

Over the past 23 years, Haiti recorded a fiscal deficit in 20 of those years, while Montenegro ran a deficit in 20 years. On average, Haiti posted an annual deficit equal to 1.26% of GDP, compared to deficit of 3.23% of GDP for Montenegro.

Inflation comparison by year

Inflation
Haiti

Montenegro
1x
Year Consumer prices inflation
Haiti Montenegro
2024 26.9% 3.3%
2023 36.8% 8.6%
2022 34% 13%
2021 16.8% 2.4%
2020 22.8% -0.3%
2019 18.7% 0.4%
2018 12.5% 2.6%
2017 10.7% 2.4%
2016 11.5% -0.3%
2015 6.73% 1.5%
2014 3.44% -0.7%
2013 4.77% 2.2%
2012 5.02% 4.1%
2011 6.33% 3.5%
2010 4.83% 0.4%
2009 0.39% 3.6%
2008 15.3% 9%
2007 6.56% 3.4%
2006 11.3% 2.1%
2005 14% 3.4%
2004 21% 3.1%
2003 28.7% 7.5%
2002 7.03% 19.7%
2001 13.3% 23.7%
2000 9.33% 29.9%
1999 3% -
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 (2000–2024, retrieved 2026-02-20).

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

Over the past 25 years, Haiti has recorded an average annual inflation rate of 14%, compared with 5.94% in Montenegro. In 2024, inflation was 26.9% in Haiti and 3.3% in Montenegro.

Balance of trade

Haiti Montenegro
Current account balance
-$145M
2024
-$1.4B
2024
Current account balance ranking
92/190
2024
131/190
2024
Current account balance, % of GDP
-0.58%
2024
-17%
2024
Goods imports
$4.27B
2024
$4.29B
2024
Goods exports
$767M
2024
$714M
2024
Service imports
$518M
2024
$1.19B
2024
Service exports
$96.6M
2024
$2.92B
2024
Imports of goods and services, % of GDP
18.8%
2024
66.2%
2024
Exports of goods and services, % of GDP
3.4%
2024
43.7%
2024

Economic freedom indices

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

Haiti Montenegro
Economic freedom 46.1 63.8
Economic freedom ranking 178/197 78/197
Property rights 6.6 60.9
Government integrity 13 49.9
Judicial effectiveness 17.3 51.5
Tax burden 81.7 88.7
Government spending 98.7 47.6
Fiscal health 99.5 86.2
Business freedom 30.7 68.4
Labor freedom 54.7 59.4
Monetary freedom 45.1 75.2
Trade freedom 66.4 78.4
Investment freedom 20 50
Financial freedom 20 50

Economic freedom comparison by year

Haiti
Montenegro
1x
Year Economic freedom index
Haiti Montenegro
2026 46.1 63.8
2025 46.1 63.8
2024 48.2 59.7
2023 49.9 60.9
2022 50 57.8
2021 50.8 63.4
2020 52.3 61.5
2019 52.7 60.5
2018 55.8 64.3
2017 49.6 62
2016 51.3 64.9
2015 51.3 64.7
2014 48.9 63.6
2013 48.1 62.6
2012 50.7 62.5
2011 52.1 62.5
2010 50.8 63.6
2009 50.5 58.2
2008 49 -
2007 51.4 -
2006 49.2 -
2005 48.4 -
2004 51.2 -
2003 50.6 43.5
2002 47.9 46.6
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/montenegro | CC BY

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Montenegro
Services, % of GDP
48.3%
2024
63.8%
2024
Industry, % of GDP
33.4%
2024
12.2%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
3.49%
2024
GNI, Atlas method
$20.7B
2024
$7.61B
2024
GNI per capita, PPP
$3,190
2024
$33,970
2024
Total reserves including gold
$2.72B
2024
$1.74B
2024
Total reserves ranking
121/177
2024
130/177
2024
Net foreign direct investment
-$20M
2024
-$532M
2024
Net inflows of foreign direct investment
$20M
2024
$599M
2024
Net outflows of foreign direct investment
$0
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
15%
2024
Poverty at national poverty lines
58.5%
2012
20%
2023
Gross capital formation, % of GDP
9.94%
2024
25.9%
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/montenegro | 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.