Annual Report 1998
Summary: Real GDP grew 3.1 percent and year-on-year inflation fell to 8.3 percent from 16.7 percent, achieved against a deepening political crisis and a widening current account deficit.
Key Findings
- Real GDP grew an estimated 3.1 percent.
- Year-on-year inflation fell to 8.3 percent in September, from 16.7 percent a year earlier, and averaged 12.7 percent over the year against 16.2 percent in 1997.
- Growth rested on the secondary sector, up 6.2 percent, with the primary and tertiary sectors up 2.2 and 2.0 percent.
- BRH bills outstanding more than doubled, moving between 778 and 1,629 million gourdes.
- A change in intervention practice cut the reserves needed to defend the gourde by 75 percent, to 9.9 million US dollars from 39 million.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY1998, covering 1 October 1997 to 30 September 1998: the conduct of monetary policy and its instruments, the real sector, prices and the exchange rate, public finances and the balance of payments, the state of the banking system the BRH supervises, and the central bank's own operations and audited financial statements. Real GDP grew 3.1 percent and year-on-year inflation fell to 8.3 percent from 16.7 percent, achieved against a deepening political crisis and a widening current account deficit.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 1998, https://www.brh.ht/wp-content/uploads/rapan98web.pdf