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Economy of Haiti vs Rwanda compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $14.3B for Rwanda, ranking 117/197 and 144/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Haiti vs Rwanda GDP by year

Haiti
Rwanda
1x
Year GDP, current $
Haiti Rwanda
2024 $25,224,154,991 $14,251,642,235
2023 $19,850,585,722 $14,331,722,703
2022 $20,253,551,921 $13,316,161,002
2021 $20,944,387,976 $11,078,787,090
2020 $14,508,222,518 $10,174,386,857
2019 $15,016,090,930 $10,349,300,277
2018 $16,403,864,618 $9,637,904,521
2017 $15,093,357,161 $9,252,833,891
2016 $14,069,277,526 $8,695,272,058
2015 $14,849,629,309 $8,543,760,200
2014 $15,146,883,498 $8,238,966,124
2013 $14,902,488,604 $7,819,964,030
2012 $13,708,925,477 $7,654,761,050
2011 $13,008,746,039 $6,884,913,658
2010 $11,859,312,725 $6,124,756,654
2009 $11,597,002,835 $5,674,476,969
2008 $10,432,962,635 $5,179,854,065
2007 $9,228,637,768 $4,070,507,895
2006 $7,638,739,123 $3,319,784,539
2005 $7,030,149,730 $2,933,819,766
2004 $6,087,360,684 $2,376,496,067
2003 $5,071,947,798 $2,138,237,279
2002 $6,205,847,214 $1,966,003,468
2001 $6,331,970,324 $1,966,600,715
2000 $6,813,566,099 $2,068,836,754
1999 $4,153,725,884 $2,157,108,263
1998 $3,723,903,724 $1,989,343,546
1997 $3,338,949,152 $1,851,558,197
1996 $2,907,517,604 $1,382,334,879
1995 $2,813,313,279 $1,293,535,193
1994 $2,167,569,046 $753,636,370
1993 $1,878,253,767 $1,971,525,712
1992 $2,257,129,792 $2,029,026,962
1991 $3,473,562,628 $1,911,600,237
1990 $3,096,289,800 $2,550,185,679
1989 $2,736,243,800 $2,405,022,593
1988 $2,613,926,800 $2,395,492,687
1987 $2,047,200,000 $2,157,432,668
1986 $2,318,000,000 $1,944,710,684
1985 $2,009,400,000 $1,715,626,331
1984 $1,816,200,000 $1,587,413,084
1983 $1,623,600,000 $1,479,687,587
1982 $1,474,200,000 $1,407,243,139
1981 $1,479,400,000 $1,407,062,527
1980 $1,383,800,000 $1,254,765,642
1979 $1,080,600,000 $1,109,346,131
1978 $974,200,000 $905,709,076
1977 $947,000,000 $746,650,613
1976 $879,000,000 $637,753,853
1975 $681,400,000 $571,863,500
1974 $565,399,322 $308,458,423
1973 $466,798,973 $290,746,157
1972 $371,998,958 $246,457,838
1971 $362,800,000 $222,952,504
1970 $331,200,000 $219,900,006
1969 $391,820,400 $188,700,037
1968 $367,968,800 $172,200,018
1967 $369,124,200 $159,560,018
1966 $368,948,600 $124,525,703
1965 $353,251,800 $148,799,980
1964 $325,281,200 $129,999,994
1963 $294,883,400 $128,000,000
1962 $281,896,800 $125,000,008
1961 $271,066,000 $122,000,016
1960 $273,187,200 $119,000,024

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

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

GDP per capita in Haiti vs Rwanda by year

Haiti
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $1,000 $3,711
2023 $1,706 $3,292 $1,027 $3,399
2022 $1,761 $3,275 $975 $3,099
2021 $1,841 $3,145 $830 $2,733
2020 $1,290 $3,103 $779 $2,285
2019 $1,352 $3,237 $810 $2,336
2018 $1,496 $3,197 $772 $2,125
2017 $1,395 $3,339 $758 $1,968
2016 $1,318 $3,253 $730 $1,866
2015 $1,411 $3,026 $734 $1,781
2014 $1,460 $3,076 $725 $1,678
2013 $1,458 $3,042 $705 $1,512
2012 $1,361 $2,830 $707 $1,455
2011 $1,312 $2,858 $651 $1,413
2010 $1,210 $2,695 $594 $1,314
2009 $1,197 $2,855 $564 $1,241
2008 $1,095 $2,724 $528 $1,191
2007 $985 $2,647 $426 $1,079
2006 $829 $2,504 $357 $1,002
2005 $776 $2,427 $324 $914
2004 $683 $2,322 $269.5 $832
2003 $579 $2,331 $249 $775
2002 $721 $2,248 $234 $760
2001 $749 $2,230 $237.3 $670
2000 $821 $2,229 $251.9 $609
1999 $510 $2,201 $264.7 $554
1998 $465 $2,152 $246.2 $528
1997 $425 $2,122 $238.7 $500
1996 $377 $2,070 $206 $499
1995 $372 $1,989 $228 $514
1994 $292.1 $1,807 $111 $311
1993 $258.1 $2,048 $247 $521
1992 $316 $2,158 $264.1 $575
1991 $497 $2,273 $254 $542
1990 $452 $2,202 $346 $549
1989 $407 - $335 -
1988 $397 - $344 -
1987 $318 - $320 -
1986 $367 - $297.7 -
1985 $325 - $271.6 -
1984 $299.2 - $259.9 -
1983 $272.8 - $250.6 -
1982 $252.6 - $246.4 -
1981 $258.5 - $254.6 -
1980 $246.5 - $234.4 -
1979 $196.2 - $213.8 -
1978 $180.3 - $179.9 -
1977 $178.7 - $152.7 -
1976 $169.1 - $134.4 -
1975 $133.6 - $124.1 -
1974 $113 - $68.9 -
1973 $95.1 - $66.9 -
1972 $77.3 - $58.4 -
1971 $76.8 - $54.4 -
1970 $71.5 - $55.2 -
1969 $86.1 - $48.9 -
1968 $82.4 - $46 -
1967 $84.2 - $44 -
1966 $85.7 - $35.4 -
1965 $83.6 - $43.5 -
1964 $78.5 - $39 -
1963 $72.4 - $39.3 -
1962 $70.4 - $39.2 -
1961 $69 - $39.3 -
1960 $70.8 - $39.4 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Rwanda ranks 168th at $3,711.

Economic indicators

Haiti Rwanda
Gross domestic product
$25.2B
2024
$14.3B
2024
GDP rank
117/197
2024
144/197
2024
GDP growth
-4.17%
2023-2024
8.89%
2023-2024
GDP per capita
$2,143
2024
$1,000
2024
GDP per capita rank
153/197
2024
178/197
2024
GDP per capita, PPP
$3,194
2024
$3,711
2024
GDP per capita PPP rank
177/197
2024
168/197
2024
Government debt
$3.91B
2024
$9.58B
2024
Debt-to-GDP ratio
15.5%
2024
67.2%
2024
Government debt per person
$332
2024
$672
2024
Government debt per person rank
176/185
2024
157/185
2024
Average annual personal income after taxes
$1,896
2026
$2,194
2026
Market capitalization of domestic companies n/a
$2.75B
2024
Income share by richest 10%
31.2%
2012
33.4%
2023
Income share by poorest 10%
2.1%
2012
3.1%
2023
Government expenditure, % of GDP
5.25%
2024
28.8%
2024
Consumer prices inflation
26.9%
2023-2024
1.77%
2023-2024
Central bank interest rate n/a
6.75%
2025
Unemployment rate
14.1%
2012
11.3%
2024
Population
12076663
14975051

Spending and national debt comparison by year

Haiti
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Haiti Rwanda
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 28.8% 67.2%
2023 6.46% 28.5% 27% 63.4%
2022 8.33% 29.5% 29.7% 60.9%
2021 9.42% 28.9% 31.6% 67.3%
2020 9.86% 22.3% 33.5% 68.7%
2019 9.59% 26.5% 28.2% 53.6%
2018 11.3% 24.1% 26.4% 49.2%
2017 10.2% 22.5% 25.1% 45.6%
2016 10.5% 24.4% 25.1% 41.1%
2015 12.7% 23.9% 26.6% 33.1%
2014 14.6% 21.4% 27.5% 29.1%
2013 15.9% 25.1% 26.2% 26.7%
2012 16.4% 24.1% 24.6% 19.1%
2011 14.1% 22.3% 24.7% 18.7%
2010 12.6% 24.9% 23.8% 18.8%
2009 11.6% 19.4% 22.3% 18.5%
2008 11.2% 33.9% 22.5% 18.3%
2007 11.1% 24.4% 22.4% 22.1%
2006 9.67% 32.2% 20.6% 22.5%
2005 8.75% 29.7% 19.9% 58.9%
2004 7.38% 30.4% 17.9% 80.9%
2003 7.83% 37.8% 18.5% 79.5%
2002 6.64% 32% 20.5% 92%
2001 6.11% 28.8% 19.1% 84%
2000 6.25% 32.5% 18.2% 86%
1999 6.91% 24.1% 22.4% 78.4%
1998 5.4% 24% 16.4% 70.1%
1997 5.46% 26.2% 17% 72.2%
1996 - 26.2% 19.5% 83.4%
1995 - 26.2% 18% 100.8%
1994 - 35.3% 13.3% -
1993 - 98% 20.3% -
1992 - 118.9% 21.5% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 67.2% in Rwanda, ranking 177/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Rwanda
1x
Year Deficit/surplus, % of GDP
Haiti Rwanda
2024 6.96% -6.57%
2023 0.77% -5.04%
2022 -1.75% -5.74%
2021 -2.45% -7%
2020 -1.96% -9.54%
2019 -1.99% -5.08%
2018 -1.13% -2.57%
2017 -0.32% -2.52%
2016 0.12% -2.27%
2015 -1.47% -2.68%
2014 -3.64% -3.92%
2013 -3.98% -1.27%
2012 -2.71% -2.38%
2011 -1.43% -0.86%
2010 -1.5% -0.64%
2009 -2% 0.26%
2008 -1.8% 0.83%
2007 -1.55% -1.56%
2006 -0.91% -0.03%
2005 -0.83% 1.12%
2004 -1.34% 2.27%
2003 -2.24% -1.23%
2002 -1.8% -2.03%
2001 -1.55% -1.8%
2000 -1.36% -0.22%
1999 -1.54% -4.41%
1998 0.21% -2.59%
1997 0.37% -2.22%
1996 - -5.01%
1995 - -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

GeoRank.org/economy/haiti/rwanda | 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 Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 33 years, Haiti recorded a fiscal deficit in 23 of those years, while Rwanda ran a deficit in 29 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to deficit of 3.03% of GDP for Rwanda.

Inflation comparison by year

Inflation
Haiti

Rwanda
1x
Year Consumer prices inflation
Haiti Rwanda
2024 26.9% 1.77%
2023 36.8% 19.8%
2022 34% 17.7%
2021 16.8% -0.39%
2020 22.8% 9.85%
2019 18.7% 3.35%
2018 12.5% -0.31%
2017 10.7% 8.28%
2016 11.5% 7.17%
2015 6.73% 2.53%
2014 3.44% 2.35%
2013 4.77% 5.92%
2012 5.02% 10.3%
2011 6.33% 3.08%
2010 4.83% -0.25%
2009 0.39% 12.9%
2008 15.3% 15.4%
2007 6.56% 9.08%
2006 11.3% 8.88%
2005 14% 9.01%
2004 21% 12.3%
2003 28.7% 7.45%
2002 7.03% 1.99%
2001 13.3% 3.34%
2000 9.33% 3.9%
1999 3% -2.41%
1998 5.27% 6.21%
1997 20.6% 12%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 6.83% in Rwanda. In 2024, inflation was 26.9% in Haiti and 1.77% in Rwanda.

Top exports between countries

Haiti
Export category Export value
Miscellaneous $9K
Rwanda
Export category Export value

Balance of trade

Haiti Rwanda
Current account balance
-$145M
2024
-$1.81B
2024
Current account balance ranking
92/190
2024
140/190
2024
Current account balance, % of GDP
-0.58%
2024
-12.7%
2024
Goods imports
$4.27B
2024
$5.55B
2024
Goods exports
$767M
2024
$3.2B
2024
Service imports
$518M
2024
$991M
2024
Service exports
$96.6M
2024
$1.08B
2024
Imports of goods and services, % of GDP
18.8%
2024
39.1%
2024
Exports of goods and services, % of GDP
3.4%
2024
30.8%
2024

Economic freedom indices

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

Haiti Rwanda
Economic freedom 46.1 56.5
Economic freedom ranking 178/197 121/197
Property rights 6.6 60.3
Government integrity 13 53.9
Judicial effectiveness 17.3 27.5
Tax burden 81.7 80.6
Government spending 98.7 75.7
Fiscal health 99.5 37.5
Business freedom 30.7 60.1
Labor freedom 54.7 49.1
Monetary freedom 45.1 72.3
Trade freedom 66.4 61.8
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Haiti
Rwanda
1x
Year Economic freedom index
Haiti Rwanda
2026 46.1 56.5
2025 46.1 54.8
2024 48.2 51.6
2023 49.9 52.2
2022 50 57.1
2021 50.8 68.3
2020 52.3 70.9
2019 52.7 71.1
2018 55.8 69.1
2017 49.6 67.6
2016 51.3 63.1
2015 51.3 64.8
2014 48.9 64.7
2013 48.1 64.1
2012 50.7 64.9
2011 52.1 62.7
2010 50.8 59.1
2009 50.5 54.2
2008 49 54.2
2007 51.4 52.4
2006 49.2 52.8
2005 48.4 51.7
2004 51.2 53.3
2003 50.6 47.8
2002 47.9 50.4
2001 47.1 45.4
2000 45.7 42.3
1999 45.9 39.8
1998 45.7 39.1
1997 45.8 38.3
1996 41 -
1995 43 -

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Rwanda
Services, % of GDP
48.3%
2024
47.6%
2024
Industry, % of GDP
33.4%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
24.6%
2024
GNI, Atlas method
$20.7B
2024
$14.8B
2024
GNI per capita, PPP
$3,190
2024
$3,620
2024
Total reserves including gold
$2.72B
2024
$2.41B
2024
Total reserves ranking
121/177
2024
123/177
2024
Net foreign direct investment
-$20M
2024
-$560M
2024
Net inflows of foreign direct investment
$20M
2024
$573M
2024
Net outflows of foreign direct investment
$0
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
3.09%
2024
Poverty at national poverty lines
58.5%
2012
27.4%
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/rwanda | 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 (1992–2024, 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)
  8. TradeMap (2017, retrieved 2026-02-08)

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.