Annual Report 2012
Summary: Post-earthquake recovery continued at 2.9 percent, well short of the 7.8 percent pencilled in at the start of the year, as public investment spending ran late and tropical storm Isaac caused further losses.
Key Findings
- Real GDP grew 2.9 percent on IHSI figures, against 5.6 percent in 2011 and minus 5.4 percent in 2010.
- Real GDP reached 14,391 million gourdes, above its 2009 level of 14,014 million, which in turn exceeded 2011 at 13,996 million.
- The recovery was driven by the secondary and tertiary sectors; the primary sector was hit by a series of climate shocks that cut its value added and its contribution to growth.
- Growth fell well short of the 7.8 percent set by the monetary authorities at the start of the fiscal year on the strength of expected reconstruction contracts.
- Delays in public investment spending forced the authorities to revise that objective down during the year.
- Tropical storm Isaac caused capital losses during the fiscal year.
- Monetary stability was preserved: broad money grew at close to the rate of nominal GDP.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2012, covering 1 October 2011 to 30 September 2012: 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. Post-earthquake recovery continued at 2.9 percent, well short of the 7.8 percent pencilled in at the start of the year, as public investment spending ran late and tropical storm Isaac caused further losses.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2012, https://www.brh.ht/wp-content/uploads/2018/08/rapport_2012.pdf