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Economy of Haiti vs Nigeria compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $252B for Nigeria, ranking 117/197 and 54/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $99.2B (39.3% of GDP) in Nigeria.

Haiti vs Nigeria GDP by year

Haiti
Nigeria
1x
Year GDP, current $
Haiti Nigeria
2024 $25,224,154,991 $252,261,880,141
2023 $19,850,585,722 $487,387,801,881
2022 $20,253,551,921 $646,950,257,578
2021 $20,944,387,976 $609,147,716,973
2020 $14,508,222,518 $598,586,817,819
2019 $15,016,090,930 $668,219,992,691
2018 $16,403,864,618 $421,739,251,509
2017 $15,093,357,161 $375,745,731,053
2016 $14,069,277,526 $404,649,125,252
2015 $14,849,629,309 $493,026,682,801
2014 $15,146,883,498 $574,183,763,412
2013 $14,902,488,604 $520,117,180,314
2012 $13,708,925,477 $463,971,018,239
2011 $13,008,746,039 $414,466,676,831
2010 $11,859,312,725 $366,990,417,129
2009 $11,597,002,835 $295,008,835,381
2008 $10,432,962,635 $339,476,276,258
2007 $9,228,637,768 $278,260,846,800
2006 $7,638,739,123 $238,454,997,161
2005 $7,030,149,730 $175,670,569,969
2004 $6,087,360,684 $135,764,731,646
2003 $5,071,947,798 $104,738,954,264
2002 $6,205,847,214 $95,054,059,303
2001 $6,331,970,324 $73,557,840,064
2000 $6,813,566,099 $69,171,451,627
1999 $4,153,725,884 $59,145,077,039
1998 $3,723,903,724 $218,416,200,673
1997 $3,338,949,152 $200,850,397,618
1996 $2,907,517,604 $185,730,236,700
1995 $2,813,313,279 $140,919,776,986
1994 $2,167,569,046 $80,399,613,064
1993 $1,878,253,767 $56,721,051,402
1992 $2,257,129,792 $52,058,181,854
1991 $3,473,562,628 $59,526,833,412
1990 $3,096,289,800 $54,035,795,388
1989 $2,736,243,800 $44,003,061,108
1988 $2,613,926,800 $49,648,470,440
1987 $2,047,200,000 $52,676,041,931
1986 $2,318,000,000 $54,805,852,581
1985 $2,009,400,000 $73,745,821,158
1984 $1,816,200,000 $73,484,359,521
1983 $1,623,600,000 $97,094,911,792
1982 $1,474,200,000 $142,769,363,314
1981 $1,479,400,000 $164,475,209,516
1980 $1,383,800,000 $64,201,788,123
1979 $1,080,600,000 $47,259,911,894
1978 $974,200,000 $36,527,862,209
1977 $947,000,000 $36,035,407,725
1976 $879,000,000 $36,308,883,249
1975 $681,400,000 $27,778,934,625
1974 $565,399,322 $24,846,641,318
1973 $466,798,973 $15,162,871,287
1972 $371,998,958 $12,274,416,018
1971 $362,800,000 $9,181,769,912
1970 $331,200,000 $12,546,094,982
1969 $391,820,400 $6,634,317,346
1968 $367,968,800 $5,200,997,920
1967 $369,124,200 $5,203,237,919
1966 $368,948,600 $6,366,917,453
1965 $353,251,800 $5,874,537,650
1964 $325,281,200 $5,552,931,319
1963 $294,883,400 $5,165,590,254
1962 $281,896,800 $4,909,399,176
1961 $271,066,000 $4,467,287,893
1960 $273,187,200 $4,196,174,502

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

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

GDP per capita in Haiti vs Nigeria by year

Haiti
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $1,084 $9,087
2023 $1,706 $3,292 $2,139 $8,705
2022 $1,761 $3,275 $2,899 $8,305
2021 $1,841 $3,145 $2,787 $7,588
2020 $1,290 $3,103 $2,797 $7,415
2019 $1,352 $3,237 $3,190 $7,551
2018 $1,496 $3,197 $2,058 $7,158
2017 $1,395 $3,339 $1,876 $7,037
2016 $1,318 $3,253 $2,070 $7,072
2015 $1,411 $3,026 $2,586 $7,308
2014 $1,460 $3,076 $3,089 $7,396
2013 $1,458 $3,042 $2,873 $7,004
2012 $1,361 $2,830 $2,633 $6,671
2011 $1,312 $2,858 $2,418 $6,585
2010 $1,210 $2,695 $2,202 $6,301
2009 $1,197 $2,855 $1,820 $5,927
2008 $1,095 $2,724 $2,154 $5,607
2007 $985 $2,647 $1,816 $5,298
2006 $829 $2,504 $1,600 $4,975
2005 $776 $2,427 $1,211 $4,678
2004 $683 $2,322 $962 $4,381
2003 $579 $2,331 $763 $4,015
2002 $721 $2,248 $712 $3,770
2001 $749 $2,230 $566 $3,309
2000 $821 $2,229 $547 $3,139
1999 $510 $2,201 $481 $3,002
1998 $465 $2,152 $1,822 $3,022
1997 $425 $2,122 $1,720 $2,990
1996 $377 $2,070 $1,633 $2,931
1995 $372 $1,989 $1,272 $2,835
1994 $292.1 $1,807 $745 $2,853
1993 $258.1 $2,048 $540 $2,921
1992 $316 $2,158 $509 $2,991
1991 $497 $2,273 $597 $2,870
1990 $452 $2,202 $556 $2,840
1989 $407 - $465 -
1988 $397 - $540 -
1987 $318 - $588 -
1986 $367 - $628 -
1985 $325 - $869 -
1984 $299.2 - $890 -
1983 $272.8 - $1,207 -
1982 $252.6 - $1,822 -
1981 $258.5 - $2,162 -
1980 $246.5 - $870 -
1979 $196.2 - $661 -
1978 $180.3 - $527 -
1977 $178.7 - $536 -
1976 $169.1 - $556 -
1975 $133.6 - $438 -
1974 $113 - $403 -
1973 $95.1 - $252.4 -
1972 $77.3 - $209.5 -
1971 $76.8 - $160.5 -
1970 $71.5 - $224.5 -
1969 $86.1 - $121.4 -
1968 $82.4 - $97.3 -
1967 $84.2 - $99.5 -
1966 $85.7 - $124.4 -
1965 $83.6 - $117.3 -
1964 $78.5 - $113.3 -
1963 $72.4 - $107.7 -
1962 $70.4 - $104.5 -
1961 $69 - $97.1 -
1960 $70.8 - $93.1 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $1,084 in Nigeria, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Nigeria ranks 136th at $9,087.

Economic indicators

Haiti Nigeria
Gross domestic product
$25.2B
2024
$252B
2024
GDP rank
117/197
2024
54/197
2024
GDP growth
-4.17%
2023-2024
4.06%
2023-2024
GDP per capita
$2,143
2024
$1,084
2024
GDP per capita rank
153/197
2024
174/197
2024
GDP per capita, PPP
$3,194
2024
$9,087
2024
GDP per capita PPP rank
177/197
2024
136/197
2024
Government debt
$3.91B
2024
$99.2B
2024
Debt-to-GDP ratio
15.5%
2024
39.3%
2024
Government debt per person
$332
2024
$426
2024
Government debt per person rank
176/185
2024
170/185
2024
Average annual personal income after taxes
$1,896
2026
$1,104
2026
Market capitalization of domestic companies n/a
$54.4B
2024
Number of billionaires n/a
4
2025
Income share by richest 10%
31.2%
2012
26.3%
2022
Income share by poorest 10%
2.1%
2012
3%
2022
Government expenditure, % of GDP
5.25%
2024
12.3%
2024
Consumer prices inflation
26.9%
2023-2024
33.2%
2023-2024
Central bank interest rate n/a
27%
2025
Unemployment rate
14.1%
2012
3.45%
2024
Population
12076663
243824469

Spending and national debt comparison by year

Haiti
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Haiti Nigeria
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 12.3% 39.3%
2023 6.46% 28.5% 10.4% 36.3%
2022 8.33% 29.5% 10.6% 29.8%
2021 9.42% 28.9% 9.09% 26.6%
2020 9.86% 22.3% 8.73% 25.7%
2019 9.59% 26.5% 8.87% 21.4%
2018 11.3% 24.1% 9.1% 20.4%
2017 10.2% 22.5% 8.51% 18%
2016 10.5% 24.4% 6.93% 17.4%
2015 12.7% 23.9% 7.85% 14.9%
2014 14.6% 21.4% 9.49% 12.9%
2013 15.9% 25.1% 10% 13%
2012 16.4% 24.1% 10.5% 12.5%
2011 14.1% 22.3% 12.3% 12.4%
2010 12.6% 24.9% 11.8% 6.67%
2009 11.6% 19.4% 11% 6.12%
2008 11.2% 33.9% 10.2% 5.17%
2007 11.1% 24.4% 12.9% 5.76%
2006 9.67% 32.2% 8.75% 6.68%
2005 8.75% 29.7% 12.6% 13.4%
2004 7.38% 30.4% 13% 25.2%
2003 7.83% 37.8% 16.5% 29.9%
2002 6.64% 32% 13.8% 30.7%
2001 6.11% 28.8% 21.9% 37.7%
2000 6.25% 32.5% 17.6% 40.9%
1999 6.91% 24.1% 14.9% 46.1%
1998 5.4% 24% 11.2% 15.8%
1997 5.46% 26.2% 9.68% 17.1%
1996 - 26.2% 7.87% 17.9%
1995 - 26.2% 8.87% 24.2%
1994 - 35.3% 12.1% 39.7%
1993 - 98% 20% 50.4%
1992 - 118.9% 15.9% 49.8%
1991 - 80.7% 13.6% 53.2%
1990 - 85.1% 14.2% 50.9%
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/nigeria | CC BY

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Nigeria spent $31.1B, or 12.3% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 39.3% in Nigeria, ranking 177/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Nigeria
1x
Year Deficit/surplus, % of GDP
Haiti Nigeria
2024 6.96% -1.57%
2023 0.77% -3.12%
2022 -1.75% -4%
2021 -2.45% -3.97%
2020 -1.96% -4.03%
2019 -1.99% -3.31%
2018 -1.13% -3.06%
2017 -0.32% -3.85%
2016 0.12% -3.3%
2015 -1.47% -2.7%
2014 -3.64% -1.72%
2013 -3.98% -1.89%
2012 -2.71% -0.09%
2011 -1.43% 0.31%
2010 -1.5% -2.96%
2009 -2% -3.78%
2008 -1.8% 4.05%
2007 -1.55% -0.79%
2006 -0.91% 6.22%
2005 -0.83% 3.49%
2004 -1.34% 3.9%
2003 -2.24% -1.56%
2002 -1.8% 0.95%
2001 -1.55% -2.29%
2000 -1.36% 2.89%
1999 -1.54% -1.39%
1998 0.21% -3.47%
1997 0.37% 1.14%
1996 - 3.37%
1995 - 2.52%
1994 - -2.96%
1993 - -6.07%
1992 - 0.94%
1991 - -1.18%
1990 - -0.48%
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/nigeria | 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 Nigeria's deficit of $3.95B, or 1.57% of GDP.

Over the past 35 years, Haiti recorded a fiscal deficit in 23 of those years, while Nigeria ran a deficit in 24 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to deficit of 0.97% of GDP for Nigeria.

Inflation comparison by year

Inflation
Haiti

Nigeria
1x
Year Consumer prices inflation
Haiti Nigeria
2024 26.9% 33.2%
2023 36.8% 24.7%
2022 34% 18.8%
2021 16.8% 17%
2020 22.8% 13.2%
2019 18.7% 11.4%
2018 12.5% 12.1%
2017 10.7% 16.5%
2016 11.5% 15.7%
2015 6.73% 9.01%
2014 3.44% 8.05%
2013 4.77% 8.5%
2012 5.02% 12.2%
2011 6.33% 10.8%
2010 4.83% 13.7%
2009 0.39% 12.5%
2008 15.3% 11.6%
2007 6.56% 5.39%
2006 11.3% 8.23%
2005 14% 17.9%
2004 21% 15%
2003 28.7% 14%
2002 7.03% 12.9%
2001 13.3% 18.9%
2000 9.33% 6.93%
1999 3% 6.62%
1998 5.27% 10%
1997 20.6% 8.53%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 13.3% in Nigeria. In 2024, inflation was 26.9% in Haiti and 33.2% in Nigeria.

Top exports between countries

Haiti
Export category Export value
Raw materials & minerals $1.05M
Processed food, beverages & tobacco $139K
Miscellaneous $1K
Nigeria
Export category Export value
Chemicals & pharma $7K
Textiles & consumer goods $3K

Balance of trade

Haiti Nigeria
Current account balance
-$145M
2024
$17.2B
2024
Current account balance ranking
92/190
2024
20/190
2024
Current account balance, % of GDP
-0.58%
2024
+6.82%
2024
Goods imports
$4.27B
2024
$39.8B
2024
Goods exports
$767M
2024
$53B
2024
Service imports
$518M
2024
$17.9B
2024
Service exports
$96.6M
2024
$4.57B
2024
Imports of goods and services, % of GDP
18.8%
2024
16.9%
1960
Exports of goods and services, % of GDP
3.4%
2024
9.24%
1960

Economic freedom indices

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

Haiti Nigeria
Economic freedom 46.1 54.8
Economic freedom ranking 178/197 132/197
Property rights 6.6 29.7
Government integrity 13 23.5
Judicial effectiveness 17.3 34.4
Tax burden 81.7 84.6
Government spending 98.7 96.3
Fiscal health 99.5 83.5
Business freedom 30.7 50.3
Labor freedom 54.7 75.4
Monetary freedom 45.1 56.1
Trade freedom 66.4 64.4
Investment freedom 20 30
Financial freedom 20 30

Economic freedom comparison by year

Haiti
Nigeria
1x
Year Economic freedom index
Haiti Nigeria
2026 46.1 54.8
2025 46.1 53.4
2024 48.2 53.1
2023 49.9 53.9
2022 50 54.4
2021 50.8 58.7
2020 52.3 57.2
2019 52.7 57.3
2018 55.8 58.5
2017 49.6 57.1
2016 51.3 57.5
2015 51.3 55.6
2014 48.9 54.3
2013 48.1 55.1
2012 50.7 56.3
2011 52.1 56.7
2010 50.8 56.8
2009 50.5 55.1
2008 49 55.1
2007 51.4 55.6
2006 49.2 48.7
2005 48.4 48.4
2004 51.2 49.2
2003 50.6 49.5
2002 47.9 50.9
2001 47.1 49.6
2000 45.7 53.1
1999 45.9 55.7
1998 45.7 52.3
1997 45.8 52.8
1996 41 47.4
1995 43 47.3

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Nigeria
Services, % of GDP
48.3%
2024
53.7%
2024
Industry, % of GDP
33.4%
2024
18.2%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
25.9%
2024
GNI, Atlas method
$20.7B
2024
$396B
2024
GNI per capita, PPP
$3,190
2024
$8,850
2024
Total reserves including gold
$2.72B
2024
$38.6B
2024
Total reserves ranking
121/177
2024
51/177
2024
Net foreign direct investment
-$20M
2024
-$672M
2024
Net inflows of foreign direct investment
$20M
2024
$1.08B
2024
Net outflows of foreign direct investment
$0
2024
$408M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
5.48%
2024
Poverty at national poverty lines
58.5%
2012
56.2%
2023
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/nigeria | 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 (2017–2022, 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.