Haiti: Net secondary income (current US$, BoP)

Key figures

What the numbers say

In 2024, Haiti's net secondary income (current US$, BoP) rose 7.1% on 2023 (from US$3.52 billion to US$3.77 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +15.9% and a typical year strayed about 49.2% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 254% in 1995 and the biggest yearly fall was 33.8% in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$162.31 million a year. A straight line explains 85% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$4.31 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$94.99 million, against US$216.3 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Haiti had the 5th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Haiti in the 2024 ranking

• Ethiopia — 1st of 29: US$8.35 billion
• Jordan — 2nd of 29: US$5.83 billion
• Nicaragua — 3rd of 29: US$5.11 billion
• Zimbabwe — 5th of 29: US$3.44 billion
• Kyrgyz Republic — 6th of 29: US$2.77 billion
• Namibia — 7th of 29: US$1.7 billion

What this measures

Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 54 values

Net secondary income (current US$, BoP) in nearby economies

• Antigua and Barbuda — −US$105.78 million (2025)
• Argentina — US$2.53 billion (2025)
• Aruba — −US$77.68 million (2023)
• Bahamas, The — US$65.43 million (2024)
• Barbados — −US$58.4 million (2017)
• Belize — US$149.91 million (2025)
• Bolivia — US$1.17 billion (2025)
• Brazil — US$5.54 billion (2025)
• Chile — US$93.63 million (2025)
• Colombia — US$16.43 billion (2025)

More economic policy & debt data for Haiti

• Total reserves, including gold (current US$) — US$3.39 billion (2025)
• Total reserves, excluding gold (current US$) — US$3.14 billion (2025)
• GDP (current US$) — US$32.08 billion (2025)
• GDP (current LCU) — 4.19 trillion (2025)
• GDP (constant 2015 US$) — US$13.22 billion (2025)
• GDP (constant LCU) — 552.51 billion (2025)
• GDP per capita (current US$) — US$2,694 (2025)
• GDP per capita (current LCU) — 352,104 (2025)
• GDP per capita (constant 2015 US$) — US$1,111 (2025)
• GDP per capita (constant LCU) — 46,405 (2025)
• GDP (annual % growth)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Haiti's net secondary income (current US$, BoP)?

US$3.77 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is up 18,926% from US$19.82 million in 1971 (10.41% a year on average, compounded). The highest value was US$3.84 billion in 2021 and the lowest US$19.82 million in 1971.

Source

World Bank, World Development Indicators, indicator BN.TRF.CURR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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