Annual Report 2007
Summary: Recovery was confirmed with growth of 3.2 percent and inflation at 7.9 percent, the lowest since January 2002, while net reserves reached a record 150 million US dollars.
Key Findings
- Real GDP grew 3.2 percent against 2.3 percent a year earlier, above population growth of 2.5 percent but below the 3.5 percent projected under the PRGF.
- Inflation was brought to 7.9 percent, the first time since January 2002, comparable to the 5 percent average in the western hemisphere.
- Net foreign exchange reserves reached a record 150 million US dollars, taking gross reserves to about two months of imports.
- Credit to the private sector from the banking system grew 10.93 percent, and investment and consumption grew 3.09 and 1.51 percent in real terms.
- The tertiary sector alone accounted for 54 percent of GDP, the primary and secondary sectors for 24 and 12 percent.
- The exchange rate stabilised below 40 gourdes to the US dollar for a relatively long period.
- The fiscal year followed the general elections that closed the 2004-2006 transition, with IMF support moving to the Poverty Reduction and Growth Facility.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2007, covering 1 October 2006 to 30 September 2007: 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. Recovery was confirmed with growth of 3.2 percent and inflation at 7.9 percent, the lowest since January 2002, while net reserves reached a record 150 million US dollars.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2007, https://www.brh.ht/wp-content/uploads/2018/08/rapport2007.pdf