What are impact on the national economy after earthquake
Answers
Haiti is currently in a predicament that most country’s dream they never have to face. On January 12, 2010 disaster struck this already struggling nation. A 7.0 magnitude earthquake hit this small nation’s capital, leaving the city in ruins. As expected this natural disaster had a devastating effect on Haiti’s economy, as well as its surrounding nations. Death totals topped 200,000 and reliable industries and structures were destroyed, leaving the nation in a tough situation. While other countries and Haiti itself have been attempting to stabilize its economy, it remains clear that the earthquake that has recently stuck Haiti has had a catastrophic impact on Haiti, leaving its economy in shambles.
Throughout its history Haiti has never been known as a wealthy country. In fact, Haiti is by far the poorest country in the Americas despite its increase in wealth in the years prior to the earthquake. In 2009 Haiti’s GDP stood at $11.9 billion compared to $11.6 billion in 2008, representing a substantial step in the right direction that unfortunately was wiped out by this recent disaster (Central). Haiti’s citizens have never been economically stable, with about 80% of its population below the poverty line. While many may blame the nation alone for their less than ideal economy, they have not had the best luck in the past few years. They have been cursed by several tropical storms and natural disasters that have temporarily crippled their economy but none have been as devastating as this recent earthquake. The total damages of this tragedy have reached an estimated total of $7.8 billion solidifying the severity of the earthquake (Haiti)
Throughout its history Haiti has never been known as a wealthy country. In fact, Haiti is by far the poorest country in the Americas despite its increase in wealth in the years prior to the earthquake. In 2009 Haiti’s GDP stood at $11.9 billion compared to $11.6 billion in 2008, representing a substantial step in the right direction that unfortunately was wiped out by this recent disaster (Central). Haiti’s citizens have never been economically stable, with about 80% of its population below the poverty line. While many may blame the nation alone for their less than ideal economy, they have not had the best luck in the past few years. They have been cursed by several tropical storms and natural disasters that have temporarily crippled their economy but none have been as devastating as this recent earthquake. The total damages of this tragedy have reached an estimated total of $7.8 billion solidifying the severity of the earthquake (Haiti).