Saturday, June 20, 2009
Haiti: No longer the smallest economy in the Americas (according to the IMF).
“Haiti: The poorest country in the Americas…” that was our nickname until the last “World Economic Outlook” report from the International Monetary Fund (IMF). According to the IMF, Haiti is no longer the smallest economy of the Western Hemisphere, a place which is now occupied by Nicaragua. But beware !!! This doesn’t mean that people in Haiti are now richer than those in Nicaragua. The size of Nicaragua’s economy is smaller but they also have fewer people than Haiti too. So when you divide the wealth produced in Nicaragua by its population, the average Nicaraguan is still richer than the average Haitian. To complete the picture remind yourself that income inequality in Haiti is higher than in Nicaragua and our environment is by far in a worst shape. For instance, while 15% of their territory is occupied by the rainforest, that number is less than 2% in Haiti.