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Economy of Haiti vs Singapore compared: GDP & Debt

Updated on by Georank

Haiti has a GDP of $32.1B compared to $604B for Singapore, ranking 112/197 and 28/197 by economy size, respectively.

Haiti has $3.95B in government debt (12.3% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Haiti vs Singapore GDP by year

Haiti
Singapore
1x
Year GDP, current $
Haiti Singapore
2025 $32,077,278,409 $603,869,516,999
2024 $24,255,657,481 $572,877,260,178
2023 $19,572,288,894 $511,181,761,244
2022 $20,113,007,126 $514,252,535,239
2021 $20,754,978,152 $441,110,903,525
2020 $14,508,222,518 $351,226,533,656
2019 $15,016,090,930 $376,827,390,962
2018 $16,403,864,618 $377,976,367,877
2017 $15,093,357,161 $344,795,119,214
2016 $14,069,277,526 $320,759,207,439
2015 $14,849,629,309 $307,998,545,269
2014 $15,146,883,498 $314,863,580,758
2013 $14,902,488,604 $307,576,360,585
2012 $13,708,925,477 $295,092,888,077
2011 $13,008,746,039 $279,356,499,090
2010 $11,859,312,725 $239,807,980,591
2009 $11,597,002,835 $194,150,283,772
2008 $10,432,962,635 $193,617,323,539
2007 $9,228,637,768 $180,941,701,358
2006 $7,638,739,123 $148,627,286,361
2005 $7,030,149,730 $127,807,848,728
2004 $6,087,360,684 $115,033,593,101
2003 $5,071,947,798 $97,646,401,096
2002 $6,205,847,214 $92,538,372,870
2001 $6,331,970,324 $89,793,790,670
2000 $6,813,566,099 $96,076,539,926
1999 $4,153,725,884 $86,286,849,755
1998 $3,723,903,724 $85,728,207,782
1997 $3,338,949,152 $100,123,787,215
1996 $2,907,517,604 $96,293,086,513
1995 $2,813,313,279 $87,812,540,788
1994 $2,167,569,046 $73,688,724,431
1993 $1,878,253,767 $60,603,815,716
1992 $2,257,129,792 $52,131,320,033
1991 $3,473,562,628 $45,466,164,978
1990 $3,096,289,800 $36,144,336,769
1989 $2,736,243,800 $30,465,364,739
1988 $2,613,926,800 $25,371,462,488
1987 $2,047,200,000 $20,919,215,578
1986 $2,318,000,000 $18,586,746,057
1985 $2,009,400,000 $19,156,532,746
1984 $1,816,200,000 $19,749,361,098
1983 $1,623,600,000 $17,784,112,150
1982 $1,474,200,000 $16,084,252,378
1981 $1,479,400,000 $14,175,228,844
1980 $1,383,800,000 $11,896,256,783
1979 $1,080,600,000 $9,296,921,724
1978 $974,200,000 $7,517,176,355
1977 $947,000,000 $6,618,585,074
1976 $879,000,000 $6,327,077,974
1975 $681,400,000 $5,633,673,930
1974 $565,399,322 $5,221,534,956
1973 $466,798,973 $3,696,213,333
1972 $371,998,958 $2,721,440,981
1971 $362,800,000 $2,263,785,444
1970 $331,200,000 $1,920,574,150
1969 $391,820,400 $1,659,893,768
1968 $367,968,800 $1,425,706,091
1967 $369,124,200 $1,238,035,816
1966 $368,948,600 $1,096,425,608
1965 $353,251,800 $974,644,096
1964 $325,281,200 $894,153,311
1963 $294,883,400 $917,608,012
1962 $281,896,800 $826,239,212
1961 $271,066,000 $764,629,788
1960 $273,187,200 $704,751,700

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

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

GDP per capita in Haiti vs Singapore by year

Haiti
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,694 - $98,814 -
2024 $2,060 $3,194 $94,897 $150,689
2023 $1,682 $3,292 $86,383 $143,786
2022 $1,748 $3,275 $91,228 $143,095
2021 $1,825 $3,145 $80,885 $132,617
2020 $1,290 $3,103 $61,773 $101,518
2019 $1,352 $3,237 $66,069 $105,335
2018 $1,496 $3,197 $67,033 $103,963
2017 $1,395 $3,339 $61,436 $95,744
2016 $1,318 $3,253 $57,204 $89,902
2015 $1,411 $3,026 $55,646 $87,156
2014 $1,460 $3,076 $57,565 $84,555
2013 $1,458 $3,042 $56,967 $83,088
2012 $1,361 $2,830 $55,548 $82,108
2011 $1,312 $2,858 $53,891 $80,052
2010 $1,210 $2,695 $47,237 $75,401
2009 $1,197 $2,855 $38,927 $66,213
2008 $1,095 $2,724 $40,009 $67,735
2007 $985 $2,647 $39,433 $68,805
2006 $829 $2,504 $33,768 $64,061
2005 $776 $2,427 $29,961 $58,822
2004 $683 $2,322 $27,608 $54,384
2003 $579 $2,331 $23,730 $48,778
2002 $721 $2,248 $22,160 $45,083
2001 $749 $2,230 $21,700 $43,109
2000 $821 $2,229 $23,853 $43,781
1999 $510 $2,201 $21,797 $39,949
1998 $465 $2,152 $21,829 $37,560
1997 $425 $2,122 $26,376 $39,286
1996 $377 $2,070 $26,233 $36,873
1995 $372 $1,989 $24,915 $35,090
1994 $292.1 $1,807 $21,552 $33,058
1993 $258.1 $2,048 $18,290 $30,062
1992 $316 $2,158 $16,136 $27,022
1991 $497 $2,273 $14,502 $25,530
1990 $452 $2,202 $11,862 $23,815
1989 $407 - $10,395 -
1988 $397 - $8,914 -
1987 $318 - $7,539 -
1986 $367 - $6,800 -
1985 $325 - $7,002 -
1984 $299.2 - $7,228 -
1983 $272.8 - $6,633 -
1982 $252.6 - $6,078 -
1981 $258.5 - $5,597 -
1980 $246.5 - $4,928 -
1979 $196.2 - $3,901 -
1978 $180.3 - $3,194 -
1977 $178.7 - $2,846 -
1976 $169.1 - $2,759 -
1975 $133.6 - $2,490 -
1974 $113 - $2,342 -
1973 $95.1 - $1,685 -
1972 $77.3 - $1,264 -
1971 $76.8 - $1,071 -
1970 $71.5 - $926 -
1969 $86.1 - $813 -
1968 $82.4 - $709 -
1967 $84.2 - $626 -
1966 $85.7 - $567 -
1965 $83.6 - $517 -
1964 $78.5 - $486 -
1963 $72.4 - $511 -
1962 $70.4 - $472 -
1961 $69 - $449 -
1960 $70.8 - $428 -

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

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

Haiti's GDP per capita is $2,694, ranking 150/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Singapore ranks 2nd at $150,689.

Economic indicators

Haiti Singapore
Gross domestic product
$32.1B
2025
$604B
2025
GDP rank
112/197
2025
28/197
2025
GDP growth
-2.71%
2024-2025
5.03%
2024-2025
GDP per capita
$2,694
2025
$98,814
2025
GDP per capita rank
150/197
2025
7/197
2025
GDP per capita, PPP
$3,194
2024
$150,689
2024
GDP per capita PPP rank
177/197
2024
2/197
2024
Government debt
$3.95B
2025
$1.03T
2025
Debt-to-GDP ratio
12.3%
2025
171.3%
2025
Government debt per person
$332
2025
$169,228
2025
Government debt per person rank
177/185
2025
1/185
2025
Average annual personal income after taxes
$2,152
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
31.2%
2012
n/a
Income share by poorest 10%
2.1%
2012
n/a
Government expenditure, % of GDP
6.19%
2025
15.5%
2025
Consumer prices inflation
28.6%
2024-2025
0.9%
2024-2025
Unemployment rate
14.1%
2012
3.26%
2025
Population
12106577
6167445

Spending and national debt comparison by year

Haiti
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Haiti Singapore
Government spending Government debt Government spending Government debt
2025 6.19% 12.3% 15.5% 171.3%
2024 5.25% 15.5% 14.3% 166%
2023 6.46% 27.8% 14.6% 170.4%
2022 8.33% 29.2% 14.9% 153.3%
2021 9.42% 28.4% 15.4% 139.9%
2020 9.86% 22.3% 24% 147.1%
2019 9.59% 26.5% 14% 127.7%
2018 11.3% 24.1% 13.9% 109.2%
2017 10.2% 22.5% 13.6% 107.3%
2016 10.5% 24.4% 15.2% 105.9%
2015 12.7% 23.9% 14.4% 102.1%
2014 14.6% 21.4% 12.6% 97.7%
2013 15.9% 25.1% 10.9% 98.2%
2012 16.4% 24.1% 9.83% 106.7%
2011 14.1% 22.3% 9.66% 103.1%
2010 12.6% 24.9% 10.2% 98.7%
2009 11.6% 19.4% 15.9% 101.7%
2008 11.2% 33.9% 14% 97.9%
2007 11.1% 24.4% 9.01% 87.8%
2006 9.67% 32.2% 12.3% 86.5%
2005 8.75% 29.7% 12.4% 92.7%
2004 7.38% 30.4% 14.1% 95.7%
2003 7.83% 37.8% 15.6% 99.1%
2002 6.64% 32% 15.9% 96.3%
2001 6.11% 28.8% 18.2% 94.5%
2000 6.25% 32.5% 16.1% 82.3%
1999 6.91% 24.1% 15.9% 85.3%
1998 5.4% 24% 18.1% 84.6%
1997 5.46% 26.2% 14.5% 70.8%
1996 - 26.2% 18.1% 71.3%
1995 - 26.2% 13.8% 69.8%
1994 - 35.3% 11.7% 70.7%
1993 - 98% 14.5% 71.2%
1992 - 118.9% 14.5% 79%
1991 - 80.7% 15.9% 76.4%
1990 - 85.1% 15.1% 73.5%
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 (1960–1996, retrieved 2026-07-08).

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

In 2025, Haiti's government spending was $1.99B, accounting for 6.19% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 12.3% in Haiti and 171.3% in Singapore, ranking 179/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Singapore
1x
Year Deficit/surplus, % of GDP
Haiti Singapore
2025 -0.22% 4.16%
2024 6.96% 3.79%
2023 0.77% 3.42%
2022 -1.75% 1.2%
2021 -2.45% 1.11%
2020 -1.96% -6.68%
2019 -1.99% 3.76%
2018 -1.13% 3.67%
2017 -0.32% 5.23%
2016 0.12% 3.24%
2015 -1.47% 2.86%
2014 -3.64% 4.6%
2013 -3.98% 5.96%
2012 -2.71% 7.34%
2011 -1.43% 7.96%
2010 -1.5% 5.68%
2009 -2% -0.09%
2008 -1.8% 3.59%
2007 -1.55% 7.12%
2006 -0.91% 2.16%
2005 -0.83% 2.56%
2004 -1.34% 2.06%
2003 -2.24% 0.68%
2002 -1.8% 2.23%
2001 -1.55% 1.2%
2000 -1.36% 4.59%
1999 -1.54% 5.2%
1998 0.21% 2.41%
1997 0.37% 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%
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/singapore | 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 Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Haiti recorded a fiscal deficit in 24 of those years, while Singapore ran a deficit in 2 years. On average, Haiti posted an annual deficit equal to 1.14% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Haiti

Singapore
1x
Year Consumer prices inflation
Haiti Singapore
2025 28.6% 0.9%
2024 26.9% 2.39%
2023 36.8% 4.83%
2022 34% 6.13%
2021 16.8% 2.32%
2020 22.8% -0.17%
2019 18.7% 0.57%
2018 12.5% 0.44%
2017 10.7% 0.58%
2016 11.5% -0.53%
2015 6.73% -0.52%
2014 3.44% 1.03%
2013 4.77% 2.36%
2012 5.02% 4.58%
2011 6.33% 5.25%
2010 4.83% 2.83%
2009 0.39% 0.59%
2008 15.3% 6.64%
2007 6.56% 2.11%
2006 11.3% 0.97%
2005 14% 0.43%
2004 21% 1.66%
2003 28.7% 0.51%
2002 7.03% -0.39%
2001 13.3% 1%
2000 9.33% 1.36%
1999 3% 0.02%
1998 5.27% -0.27%
1997 20.6% 2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Haiti has recorded an average annual inflation rate of 14%, compared with 1.71% in Singapore. In 2025, inflation was 28.6% in Haiti and 0.9% in Singapore.

Top exports between countries

Haiti
Export category Export value
Chemicals & pharma $151K
Metals $33K
Textiles & consumer goods $27K
Processed food, beverages & tobacco $11K
Singapore
Export category Export value
Chemicals & pharma $457K
Precious metals & jewellery $219K
Machinery & equipment $140K
Raw agricultural goods $106K
Miscellaneous $46K
Processed food, beverages & tobacco $43K
Textiles & consumer goods $31K
Metals $20K
Raw materials & minerals $5K
Wood & paper products $2K

Balance of trade

Haiti Singapore
Current account balance
-$145M
2024
$101B
2025
Current account balance ranking
85/190
2024
8/190
2025
Current account balance, % of GDP
-0.6%
2024
+16.7%
2025
Goods imports
$4.27B
2024
$475B
2025
Goods exports
$767M
2024
$652B
2025
Service imports
$518M
2024
$385B
2025
Service exports
$96.6M
2024
$422B
2025
Imports of goods and services, % of GDP
14.3%
2025
142.5%
2025
Exports of goods and services, % of GDP
1.56%
2025
177.9%
2025

Economic freedom indices

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

Haiti Singapore
Economic freedom 46.1 84.4
Economic freedom ranking 178/197 1/197
Property rights 6.6 89.2
Government integrity 13 86.1
Judicial effectiveness 17.3 58.3
Tax burden 81.7 89.5
Government spending 98.7 93.4
Fiscal health 99.5 80
Business freedom 30.7 90.6
Labor freedom 54.7 77
Monetary freedom 45.1 83.5
Trade freedom 66.4 95
Investment freedom 20 90
Financial freedom 20 80

Economic freedom comparison by year

Haiti
Singapore
1x
Year Economic freedom index
Haiti Singapore
2026 46.1 84.4
2025 46.1 84.1
2024 48.2 83.5
2023 49.9 83.9
2022 50 84.4
2021 50.8 89.7
2020 52.3 89.4
2019 52.7 89.4
2018 55.8 88.8
2017 49.6 88.6
2016 51.3 87.8
2015 51.3 89.4
2014 48.9 89.4
2013 48.1 88
2012 50.7 87.5
2011 52.1 87.2
2010 50.8 86.1
2009 50.5 87.1
2008 49 87.3
2007 51.4 87.1
2006 49.2 88
2005 48.4 88.6
2004 51.2 88.9
2003 50.6 88.2
2002 47.9 87.4
2001 47.1 87.8
2000 45.7 87.7
1999 45.9 86.9
1998 45.7 87
1997 45.8 87.3
1996 41 86.5
1995 43 86.3

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Singapore
Services, % of GDP
54.2%
2025
71.6%
2025
Industry, % of GDP
27.5%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
15.8%
2025
0.02%
2025
GNI, Atlas method
$23.9B
2025
$500B
2025
GNI per capita, PPP
$3,130
2025
$135,750
2025
Total reserves including gold
$3.39B
2025
$432B
2025
Total reserves ranking
118/177
2025
11/177
2025
Net foreign direct investment
-$20M
2024
-$64.9B
2025
Net inflows of foreign direct investment
$20M
2024
$135B
2024
Net outflows of foreign direct investment
$0
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
2.24%
2024
n/a
Poverty at national poverty lines
58.5%
2012
n/a
Gross capital formation, % of GDP
12.1%
2025
22.5%
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/singapore | 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 (1924–1996, 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. TradeMap (2017–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.