Annual Report 2017
Summary: Remittances grew 14.63 percent to more than a third of GDP, and still could not lift the economy out of the stagnation it has been in since 2014, with growth at 1.2 percent.
Key Findings
- Real GDP grew 1.2 percent, continuing the stagnation the economy has shown since 2014.
- Remittances from Haitians abroad grew an exceptional 14.63 percent, representing more than 33 percent of GDP, and still did not pull domestic activity out of stagnation.
- Hurricane Matthew caused damage of about 105 billion gourdes, contributing to the continued decline of agriculture's weight in the economy.
- State financial operations closed on a budget deficit of 12,180.1 million gourdes, despite current revenue rising 13.61 percent and public spending rising a moderate 4.99 percent.
- World growth rose to 2.7 percent from 2.1 percent, and US growth reached 2.3 percent, 80 basis points more than in 2016.
Full Description
The Bank of the Republic of Haiti's annual report for fiscal year FY2017, covering 1 October 2016 to 30 September 2017: 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. Remittances grew 14.63 percent to more than a third of GDP, and still could not lift the economy out of the stagnation it has been in since 2014, with growth at 1.2 percent.
How to cite
Bank of the Republic of Haiti (BRH), Annual Report 2017, https://www.brh.ht/wp-content/uploads/rapport-annuel-2017-3220784.pdf