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Economy of Haiti vs Turkey compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $1.36T for Turkey, ranking 117/197 and 17/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $327B (24% of GDP) in Turkey.

Haiti vs Turkey GDP by year

Haiti
Turkey
1x
Year GDP, current $
Haiti Turkey
2024 $25,224,154,991 $1,359,123,768,774
2023 $19,850,585,722 $1,141,242,864,657
2022 $20,253,551,921 $926,097,476,914
2021 $20,944,387,976 $839,938,668,172
2020 $14,508,222,518 $733,628,247,119
2019 $15,016,090,930 $775,853,144,223
2018 $16,403,864,618 $788,356,985,774
2017 $15,093,357,161 $863,874,522,365
2016 $14,069,277,526 $870,818,016,910
2015 $14,849,629,309 $865,460,050,684
2014 $15,146,883,498 $942,343,431,929
2013 $14,902,488,604 $962,167,643,589
2012 $13,708,925,477 $885,327,622,479
2011 $13,008,746,039 $844,192,507,381
2010 $11,859,312,725 $782,545,664,268
2009 $11,597,002,835 $653,894,449,921
2008 $10,432,962,635 $775,415,944,333
2007 $9,228,637,768 $685,228,481,017
2006 $7,638,739,123 $559,668,118,237
2005 $7,030,149,730 $508,314,210,213
2004 $6,087,360,684 $410,156,784,496
2003 $5,071,947,798 $315,392,899,922
2002 $6,205,847,214 $240,778,008,474
2001 $6,331,970,324 $202,195,080,239
2000 $6,813,566,099 $274,748,463,179
1999 $4,153,725,884 $256,673,939,248
1998 $3,723,903,724 $276,035,372,655
1997 $3,338,949,152 $263,817,553,748
1996 $2,907,517,604 $250,366,965,174
1995 $2,813,313,279 $234,699,627,004
1994 $2,167,569,046 $130,650,447,499
1993 $1,878,253,767 $180,415,757,852
1992 $2,257,129,792 $159,104,772,992
1991 $3,473,562,628 $151,034,731,544
1990 $3,096,289,800 $150,655,500,192
1989 $2,736,243,800 $107,127,191,329
1988 $2,613,926,800 $90,875,175,809
1987 $2,047,200,000 $87,190,081,680
1986 $2,318,000,000 $75,673,037,037
1985 $2,009,400,000 $67,232,758,621
1984 $1,816,200,000 $59,937,602,180
1983 $1,623,600,000 $61,803,555,556
1982 $1,474,200,000 $64,369,325,153
1981 $1,479,400,000 $71,180,180,180
1980 $1,383,800,000 $68,823,684,211
1979 $1,080,600,000 $89,616,129,032
1978 $974,200,000 $65,912,500,000
1977 $947,000,000 $58,683,333,333
1976 $879,000,000 $51,450,000,000
1975 $681,400,000 $46,042,857,143
1974 $565,399,322 $35,414,285,714
1973 $466,798,973 $26,000,000,000
1972 $371,998,958 $20,650,000,000
1971 $362,800,000 $16,166,666,667
1970 $331,200,000 $17,863,636,364
1969 $391,820,400 $19,466,666,667
1968 $367,968,800 $17,500,000,000
1967 $369,124,200 $15,644,444,444
1966 $368,948,600 $14,100,000,000
1965 $353,251,800 $11,966,666,667
1964 $325,281,200 $11,177,777,778
1963 $294,883,400 $10,355,555,556
1962 $281,896,800 $8,922,222,222
1961 $271,066,000 $7,988,888,889
1960 $273,187,200 $7,566,666,667

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

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

GDP per capita in Haiti vs Turkey by year

Haiti
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $15,893 $45,639
2023 $1,706 $3,292 $13,375 $42,786
2022 $1,761 $3,275 $10,898 $39,564
2021 $1,841 $3,145 $9,982 $32,106
2020 $1,290 $3,103 $8,798 $29,209
2019 $1,352 $3,237 $9,395 $29,016
2018 $1,496 $3,197 $9,684 $28,640
2017 $1,395 $3,339 $10,756 $28,354
2016 $1,318 $3,253 $10,984 $26,731
2015 $1,411 $3,026 $11,065 $25,890
2014 $1,460 $3,076 $12,209 $24,193
2013 $1,458 $3,042 $12,636 $22,475
2012 $1,361 $2,830 $11,777 $20,739
2011 $1,312 $2,858 $11,374 $19,717
2010 $1,210 $2,695 $10,699 $17,466
2009 $1,197 $2,855 $9,077 $15,560
2008 $1,095 $2,724 $10,913 $16,142
2007 $985 $2,647 $9,767 $14,951
2006 $829 $2,504 $7,990 $13,555
2005 $776 $2,427 $7,332 $11,803
2004 $683 $2,322 $5,980 $10,759
2003 $579 $2,331 $4,650 $9,474
2002 $721 $2,248 $3,591 $9,154
2001 $749 $2,230 $3,052 $9,014
2000 $821 $2,229 $4,199 $9,326
1999 $510 $2,201 $3,974 $8,470
1998 $465 $2,152 $4,331 $8,763
1997 $425 $2,122 $4,197 $11,514
1996 $377 $2,070 $4,041 $10,624
1995 $372 $1,989 $3,846 $9,962
1994 $292.1 $1,807 $2,176 $9,253
1993 $258.1 $2,048 $3,058 $9,751
1992 $316 $2,158 $2,744 $8,969
1991 $497 $2,273 $2,649 $8,418
1990 $452 $2,202 $2,690 $8,208
1989 $407 - $1,949 -
1988 $397 - $1,686 -
1987 $318 - $1,650 -
1986 $367 - $1,461 -
1985 $325 - $1,326 -
1984 $299.2 - $1,209 -
1983 $272.8 - $1,276 -
1982 $252.6 - $1,360 -
1981 $258.5 - $1,537 -
1980 $246.5 - $1,516 -
1979 $196.2 - $2,013 -
1978 $180.3 - $1,510 -
1977 $178.7 - $1,372 -
1976 $169.1 - $1,228 -
1975 $133.6 - $1,122 -
1974 $113 - $881 -
1973 $95.1 - $661 -
1972 $77.3 - $537 -
1971 $76.8 - $431 -
1970 $71.5 - $488 -
1969 $86.1 - $544 -
1968 $82.4 - $501 -
1967 $84.2 - $459 -
1966 $85.7 - $425 -
1965 $83.6 - $370 -
1964 $78.5 - $354 -
1963 $72.4 - $337 -
1962 $70.4 - $298.2 -
1961 $69 - $274.4 -
1960 $70.8 - $267.1 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Turkey ranks 51st at $45,639.

Economic indicators

Haiti Turkey
Gross domestic product
$25.2B
2024
$1.36T
2024
GDP rank
117/197
2024
17/197
2024
GDP growth
-4.17%
2023-2024
3.33%
2023-2024
GDP per capita
$2,143
2024
$15,893
2024
GDP per capita rank
153/197
2024
66/197
2024
GDP per capita, PPP
$3,194
2024
$45,639
2024
GDP per capita PPP rank
177/197
2024
51/197
2024
Government debt
$3.91B
2024
$327B
2024
Debt-to-GDP ratio
15.5%
2024
24%
2024
Government debt per person
$332
2024
$3,820
2024
Government debt per person rank
176/185
2024
92/185
2024
Average annual personal income after taxes
$1,896
2026
$10,928
2026
Market capitalization of domestic companies n/a
$379B
2024
Number of millionaires n/a
60,787
2025
Number of billionaires n/a
32
2025
Income share by richest 10%
31.2%
2012
35.2%
2022
Income share by poorest 10%
2.1%
2012
2.1%
2022
Government expenditure, % of GDP
5.25%
2024
32.6%
2024
Consumer prices inflation
26.9%
2023-2024
58.5%
2023-2024
Central bank interest rate n/a
38%
2025
Unemployment rate
14.1%
2012
8.71%
2024
Population
12076663
86002379

Spending and national debt comparison by year

Haiti
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Haiti Turkey
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 32.6% 24%
2023 6.46% 28.5% 32.5% 28.7%
2022 8.33% 29.5% 26.8% 30.2%
2021 9.42% 28.9% 30.5% 39.4%
2020 9.86% 22.3% 34% 38.7%
2019 9.59% 26.5% 34.8% 31.8%
2018 11.3% 24.1% 33.9% 29.5%
2017 10.2% 22.5% 32.4% 27.6%
2016 10.5% 24.4% 33.8% 27.7%
2015 12.7% 23.9% 32.4% 27.1%
2014 14.6% 21.4% 32.5% 28.2%
2013 15.9% 25.1% 33.5% 30.8%
2012 16.4% 24.1% 34% 32.1%
2011 14.1% 22.3% 32.6% 35.7%
2010 12.6% 24.9% 35.2% 39.2%
2009 11.6% 19.4% 37% 42.9%
2008 11.2% 33.9% 33.5% 37.5%
2007 11.1% 24.4% 32.7% 37.5%
2006 9.67% 32.2% 33.4% 44%
2005 8.75% 29.7% 32% 50%
2004 7.38% 30.4% 34.5% 57%
2003 7.83% 37.8% 38.3% 65%
2002 6.64% 32% 40.9% 71.3%
2001 6.11% 28.8% 43.9% 75.3%
2000 6.25% 32.5% 39.4% 51.2%
1999 6.91% 24.1% 32.7% 52.1%
1998 5.4% 24% 27.9% 36.5%
1997 5.46% 26.2% 26.4% 32.5%
1996 - 26.2% 24.5% 35.5%
1995 - 26.2% 19.4% 34.6%
1994 - 35.3% 20.5% 39.2%
1993 - 98% 22% 29.1%
1992 - 118.9% 18.6% 29.2%
1991 - 80.7% 18.2% 28.4%
1990 - 85.1% 14.1% 25.8%
1989 - 98.7% 13.8% 33.5%
1988 - 90.9% 12.9% 38.6%
1987 32.4% 58.6% 13.3% 40.3%
1986 15.1% 26.5% 12.1% 38.2%
1985 17.4% 25.6% 18% 44.3%
1984 16.9% 27.3% 14.1% 42.6%
1983 21.9% 28.9% 14.9% 32.7%
1982 20.7% 25.5% 19.2% 33.4%
1981 17.4% 23.7% 24% 32%
1980 17.2% 20.3% 25.5% 22.4%
1979 13.1% 19.8% 28.3% 23.6%
1978 18.9% 20.1% 27.6% 25.8%
1977 16.7% 18.5% 27.8% 24%
1976 13.4% 14.9% 23.3% 20.4%
1975 12.8% 14.2% 22% 20.2%
1974 9.24% 13.3% 19% 19%
1973 9.4% 8.92% 21.8% 23.1%
1972 11.2% 11.1% 21.9% 30.1%
1971 11.2% 11% 24.8% 34.4%
1970 11.4% 12.5% 22.7% 39.8%
1969 10.1% - 20.5% 33.2%
1968 10.3% - 19% 33.2%
1967 7.52% - 20.1% 33.3%
1966 7.2% - 18.9% 33.4%
1965 7.91% - 19% 33.4%
1964 - - 18.9% 25.7%
1963 8.95% - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 7.34% 21.6% 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Turkey spent $444B, or 32.6% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 24% in Turkey, ranking 177/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Turkey
1x
Year Deficit/surplus, % of GDP
Haiti Turkey
2024 6.96% -4.57%
2023 0.77% -5.22%
2022 -1.75% -1.1%
2021 -2.45% -2.98%
2020 -1.96% -4.64%
2019 -1.99% -4.69%
2018 -1.13% -3.1%
2017 -0.32% -1.87%
2016 0.12% -1.68%
2015 -1.47% -0.51%
2014 -3.64% -0.96%
2013 -3.98% -1.21%
2012 -2.71% -1.78%
2011 -1.43% -0.35%
2010 -1.5% -2.99%
2009 -2% -5.14%
2008 -1.8% -2.13%
2007 -1.55% -1.37%
2006 -0.91% -0.22%
2005 -0.83% -0.75%
2004 -1.34% -4.11%
2003 -2.24% -7.55%
2002 -1.8% -11.3%
2001 -1.55% -11.6%
2000 -1.36% -8.36%
1999 -1.54% -13.8%
1998 0.21% -9.84%
1997 0.37% -10.1%
1996 - -10.7%
1995 - -5.95%
1994 - -6.04%
1993 - -8.84%
1992 - -6.73%
1991 - -6.86%
1990 - -3.65%
1989 - -3.87%
1988 - -3.2%
1987 -4.94% -3.47%
1986 -1.4% -2.43%
1985 -0.97% -5.84%
1984 -3.52% -3.77%
1983 -5.72% -1.45%
1982 -3.93% -1.61%
1981 -4.38% -1.5%
1980 -5.68% -3.67%
1979 -2.21% -3.06%
1978 -3.24% -1.83%
1977 -2.85% -5.1%
1976 -1.16% -0.6%
1975 -1.73% -0.19%
1974 0.23% -1.02%
1973 0.03% -0.98%
1972 0.24% -0.13%
1971 -0.08% -3.05%
1970 -0.19% 0.14%
1969 -0.39% -1.45%
1968 -0.46% -0.62%
1967 0% 0.1%
1966 0% -0.66%
1965 0% -1.18%
1964 - -0.84%
1963 0% 0%
1962 - -0.16%
1961 - -1%
1960 0.006% -0.83%
1959 -1.11% -0.78%
1958 -2.21% -0.45%
1957 0.28% -0.66%
1956 -2.18% -0.84%
1955 -0.86% -0.85%
1954 -0.81% -1.12%
1953 -1.01% -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 -0.12% 0.81%
1948 0.21% 0.84%
1947 1.06% -
1946 0.51% -
1945 0.47% 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 -0.21% -
1940 0.13% -
1939 -0.16% -
1938 0.15% 1.18%
1937 -0.08% -
1936 -0.06% 1.43%
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 (1924–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/haiti/turkey | 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 Turkey's deficit of $62.1B, or 4.57% of GDP.

Over the past 65 years, Haiti recorded a fiscal deficit in 40 of those years, while Turkey ran a deficit in 62 years. On average, Haiti posted an annual deficit equal to 1.42% of GDP, compared to deficit of 3.48% of GDP for Turkey.

Inflation comparison by year

Inflation
Haiti

Turkey
1x
Year Consumer prices inflation
Haiti Turkey
2024 26.9% 58.5%
2023 36.8% 53.9%
2022 34% 72.3%
2021 16.8% 19.6%
2020 22.8% 12.3%
2019 18.7% 15.2%
2018 12.5% 16.3%
2017 10.7% 11.1%
2016 11.5% 7.78%
2015 6.73% 7.67%
2014 3.44% 8.85%
2013 4.77% 7.49%
2012 5.02% 8.89%
2011 6.33% 6.47%
2010 4.83% 8.57%
2009 0.39% 6.25%
2008 15.3% 10.4%
2007 6.56% 8.76%
2006 11.3% 9.6%
2005 14% 8.18%
2004 21% 8.6%
2003 28.7% 21.6%
2002 7.03% 45%
2001 13.3% 54.4%
2000 9.33% 54.9%
1999 3% 64.9%
1998 5.27% 84.6%
1997 20.6% 85.7%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 27.8% in Turkey. In 2024, inflation was 26.9% in Haiti and 58.5% in Turkey.

Top exports between countries

Haiti
Export category Export value
Turkey
Export category Export value
Raw materials & minerals $28.1M
Metals $7.88M
Processed food, beverages & tobacco $3.77M
Chemicals & pharma $1.81M
Raw agricultural goods $1.12M
Miscellaneous $1.06M
Machinery & equipment $782K
Textiles & consumer goods $366K
Wood & paper products $218K
Animal & marine products $82K

Balance of trade

Haiti Turkey
Current account balance
-$145M
2024
-$10.2B
2024
Current account balance ranking
92/190
2024
176/190
2024
Current account balance, % of GDP
-0.58%
2024
-0.75%
2024
Goods imports
$4.27B
2024
$314B
2024
Goods exports
$767M
2024
$257B
2024
Service imports
$518M
2024
$53.3B
2024
Service exports
$96.6M
2024
$115B
2024
Imports of goods and services, % of GDP
18.8%
2024
27%
2024
Exports of goods and services, % of GDP
3.4%
2024
27.6%
2024

Economic freedom indices

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

Haiti Turkey
Economic freedom 46.1 55
Economic freedom ranking 178/197 129/197
Property rights 6.6 36.4
Government integrity 13 35.3
Judicial effectiveness 17.3 23.5
Tax burden 81.7 72
Government spending 98.7 71.8
Fiscal health 99.5 77.8
Business freedom 30.7 61.6
Labor freedom 54.7 44.3
Monetary freedom 45.1 36.5
Trade freedom 66.4 71
Investment freedom 20 70
Financial freedom 20 60

Economic freedom comparison by year

Haiti
Turkey
1x
Year Economic freedom index
Haiti Turkey
2026 46.1 55
2025 46.1 56.1
2024 48.2 56.2
2023 49.9 56.9
2022 50 56.9
2021 50.8 64
2020 52.3 64.4
2019 52.7 64.6
2018 55.8 65.4
2017 49.6 65.2
2016 51.3 62.1
2015 51.3 63.2
2014 48.9 64.9
2013 48.1 62.9
2012 50.7 62.5
2011 52.1 64.2
2010 50.8 63.8
2009 50.5 61.6
2008 49 59.9
2007 51.4 57.4
2006 49.2 57
2005 48.4 50.6
2004 51.2 52.8
2003 50.6 51.9
2002 47.9 54.2
2001 47.1 60.6
2000 45.7 63.4
1999 45.9 59.2
1998 45.7 60.9
1997 45.8 60.8
1996 41 56.7
1995 43 58.4

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Haiti Turkey
Services, % of GDP
48.3%
2024
57.5%
2024
Industry, % of GDP
33.4%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
5.82%
2024
GNI, Atlas method
$20.7B
2024
$1.15T
2024
GNI per capita, PPP
$3,190
2024
$45,110
2024
Total reserves including gold
$2.72B
2024
$155B
2024
Total reserves ranking
121/177
2024
21/177
2024
Net foreign direct investment
-$20M
2024
-$5.13B
2024
Net inflows of foreign direct investment
$20M
2024
$11.7B
2024
Net outflows of foreign direct investment
$0
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
6.67%
2024
Poverty at national poverty lines
58.5%
2012
13.6%
2023
Gross capital formation, % of GDP
9.94%
2024
30.7%
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/turkey | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, 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 (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.