September 1991 to January 1992 · Haitianspan
The assembly sector loses fifty thousand jobs after the coup
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Assembly manufacturing was the fastest growing part of the Haitian economy in the 1980s. It expanded almost tenfold between 1971 and 1985 and employed somewhere between sixty thousand and a hundred thousand people, depending on who was counting. On 30 September 1991 the army removed Jean-Bertrand Aristide seven months after his inauguration, and the sector went down with him. Value added in Haitian assembly fell from four million dollars in September 1991 to sixty thousand dollars by January 1992. The workforce dropped from its peak of about sixty thousand to fewer than ten thousand. Gross domestic product shrank by an average of ten per cent a year from 1991 to 1994. The capital did not come back when the president did. No private investment of any size entered Haiti until 2008, seventeen years after the coup, when the mobile telephone company Digicel opened with a hundred and forty million dollars.