Annual Report 2006
Summary: Growth reached 2.30 percent, the highest since 1999, with consumption the main engine, achieved despite a year of kidnappings in the capital.
Key Findings
- Real GDP grew 2.30 percent against 1.80 percent in 2005, the highest rate since 1999, though slightly below the 2.50 percent target agreed with the IMF and below population growth of 2.50 percent.
- Inflation fell to 12.41 percent in September.
- Consumption grew 3.94 percent and remained the main engine of growth.
- Exports grew 3.09 percent against 3.38 percent in 2005, while import growth accelerated by two percentage points to 4.60 percent.
- The overall balance surplus allowed external debt arrears to be cleared and net reserves strengthened, though these still covered only one month of imports in September 2006.
- World growth accelerated from 4.90 to 5.40 percent, with emerging and developing economies averaging 7 percent.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2006, covering 1 October 2005 to 30 September 2006: 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 reached 2.30 percent, the highest since 1999, with consumption the main engine, achieved despite a year of kidnappings in the capital.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2006, https://www.brh.ht/wp-content/uploads/rapport2006.pdf