Annual Report 2015
Summary: Growth slowed for a second year to 1.2 percent, below population growth, as drought cut harvests by about half and the PetroCaribe fund dried up.
Key Findings
- Real GDP grew 1.2 percent, against 2.8 percent in 2014 and 4.2 percent in 2013, a second consecutive year of slowdown.
- Growth fell below population growth, put at 1.34 percent.
- Crop losses from drought were estimated at 50 percent of normal production, and the primary sector underperformed for a second consecutive year.
- Falling public investment as the PetroCaribe fund dried up was the other main factor behind the slowdown.
- Growth weakened across almost every sub-sector apart from export assembly.
- Food prices fell 16.2 percent over the year internationally.
- World growth was 3.1 percent, with a firmer recovery in advanced economies and a slowdown in emerging and developing ones.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2015, covering 1 October 2014 to 30 September 2015: 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 slowed for a second year to 1.2 percent, below population growth, as drought cut harvests by about half and the PetroCaribe fund dried up.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2015, https://www.brh.ht/wp-content/uploads/2018/08/rapport_2015.pdf