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Haiti has a developing economy that relies on agriculture, manufacturing, and remittances from the Haitian diaspora. Despite its potential, Haiti remains one of the poorest countries in the Western Hemisphere, with over 60% of the population living below the poverty line. The country’s economic struggles are exacerbated by political instability, natural disasters, and limited infrastructure.
Agriculture is a major industry in Haiti, employing nearly half of the workforce. Coffee, sugarcane, and mangoes are some of the key exports. However, the agricultural sector faces challenges such as deforestation, soil erosion, and outdated farming methods, which reduce productivity.
The manufacturing sector, particularly the production of textiles and apparel, is another significant contributor to Haiti’s economy. The country benefits from trade agreements like the HOPE (Haitian Hemispheric Opportunity through Partnership Encouragement) Act, which allows duty-free access to the U.S. market for Haitian-made garments.
Tourism holds potential but faces challenges due to safety concerns, political instability, and inadequate infrastructure. Despite this, Haiti has notable tourist attractions, including the Citadelle Laferrière, a UNESCO World Heritage site, and the beaches of Labadee.
Unemployment remains high in Haiti, with many people relying on informal jobs or small-scale entrepreneurship. Remittances from Haitians living abroad contribute significantly to household incomes and the national economy, accounting for about 20% of Haiti’s GDP.
NGOs and international donations play a critical role to help Haiti and its economy. Supporters donate to Haiti and organizations provide essential services in healthcare, education, and development projects. However, reliance on foreign aid raises concerns about long-term sustainability and economic independence.