Annual Report 2010
Summary: The 12 January earthquake produced the sharpest contraction since 1993, output falling 5.4 percent, with damage put at about 120 percent of 2009 GDP.
Key Findings
- Real output contracted 5.4 percent, the sharpest fall in GDP since 1993, against population growth still near 2 percent.
- The Haitian authorities put the human toll at about 300,000 dead and one million homeless.
- Financial damage was assessed at about 120 percent of 2009 GDP, against 15 percent for the natural disasters of 2008.
- The year was expected to extend 2009, when GDP had grown 2.9 percent while the western hemisphere was in recession at minus 2 percent.
- On the demand side, investment fell 6.5 percent and exports 7.3 percent, after rising 3.3 and 9.9 percent in 2009.
- Strong consumption demand against constrained supply after 12 January drove inflationary pressure back up.
- A new IMF arrangement provided 40.9 million SDR, about 60 million US dollars, over three years to build reserves and help the BRH smooth exchange rate fluctuations.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2010, covering 1 October 2009 to 30 September 2010: 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. The 12 January earthquake produced the sharpest contraction since 1993, output falling 5.4 percent, with damage put at about 120 percent of 2009 GDP.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2010, https://www.brh.ht/wp-content/uploads/rapport2010.pdf