Annual Report 2016
Summary: Growth edged up to 1.4 percent while the BRH doubled its bills outstanding and sold 94.13 million US dollars net to slow the gourde's depreciation and contain inflation.
Key Findings
- Real GDP grew 1.4 percent, slightly above the 1.2 percent of the previous year and above average population growth estimated at 1.3 percent.
- On the demand side, weak activity showed in investment and exports, growing 1.1 and 0.7 percent against 1.1 and 3.6 percent in 2015.
- BRH bills outstanding doubled and the central bank made net foreign exchange sales of 94.13 million US dollars.
- Monthly inflation, having averaged 1.06 percent between October 2015 and February 2016, was contained to an average of 0.96 percent from March to September 2016.
- The gourde's monthly depreciation was brought down to an average of 1.07 percent over the last seven months, against 3.34 percent over the preceding five.
- World growth slowed to 3.1 percent, below the 3.4 percent of the previous year.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2016, covering 1 October 2015 to 30 September 2016: 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 edged up to 1.4 percent while the BRH doubled its bills outstanding and sold 94.13 million US dollars net to slow the gourde's depreciation and contain inflation.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2016, https://www.brh.ht/wp-content/uploads/2018/08/rapport_2016.pdf