Annual Report 1999
Summary: Growth of 2.34 percent disappointed despite strong private investment in telecommunications, while inflation fell to 8.13 percent; the report marks the BRH's twentieth anniversary.
Key Findings
- Real GDP grew 2.34 percent, slightly above the IMF staff-monitored programme's target of about 2 percent but a disappointing result.
- Inflation fell to 8.13 percent from 12.72 percent, within the 8 to 10 percent programme band.
- The secondary sector, 20.56 percent of output, grew 3.24 percent; the tertiary sector, 45.59 percent of output, grew 1.55 percent.
- Real GDP reached 4.7 billion gourdes, short of the 5.3 billion recorded in 1991: growth of 4 to 4.5 percent a year from 1996 would have been needed to recover that level.
- Between 1981 and 1994 output contracted by 2 percent a year on average, which is the baseline the decade's recovery is measured against.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY1999, covering 1 October 1998 to 30 September 1999: 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. Growth of 2.34 percent disappointed despite strong private investment in telecommunications, while inflation fell to 8.13 percent; the report marks the BRH's twentieth anniversary.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 1999, https://www.brh.ht/wp-content/uploads/rapportfinal.pdf