(2021-09) Economic Activity Indicator (ICAE) Bulletin, Q4 (Jul–Sep) FY2020-2021
Summary — Haiti's overall economic activity, as measured by the ICAE, declined significantly in the fourth quarter of fiscal year 2020-2021, with an 8.1% annual decrease. All three major economic sectors—Primary, Secondary, and Tertiary—experienced negative growth during this period. Cumulatively for the fiscal year, the ICAE contracted by 2.3%.
Key Findings
- The global ICAE decreased by 8.1% annually in Q4 2020-2021, with a cumulative contraction of 2.3% for the fiscal year.
- The Primary Sector saw a 9.3% annual decrease in Q4 2020-2021, driven by agriculture (-9.1%) and extractive industries (-17.0%).
- The Secondary Sector declined by 7.5% annually in Q4 2020-2021, with manufacturing (-8.2%) and construction (-5.4%) showing negative trends.
- The Tertiary Sector decreased by 7.9% annually in Q4 2020-2021, largely due to poor performance in commerce (-12.3%) and transport (-6.5%).
- Financial Institutions (+4.8%) and Other Market Services (+2.3%) were among the few sectors to show positive annual growth in Q4 2020-2021.
Full Description
This quarterly bulletin from the Haitian Institute of Statistics and Informatics (IHSI) analyzes the Economic Activity Conjunctural Indicator (ICAE) for the fourth quarter of the 2020-2021 fiscal year, using a 2007-2008 base. The global ICAE registered a substantial annual decline of 8.1% in the fourth quarter, reaching 124.8 compared to 135.7 in the same period of the previous fiscal year. This negative trend was observed across all economic sectors, with the Primary Sector (agriculture, extractive industries) decreasing by 9.3%, the Secondary Sector (manufacturing, construction, electricity, water) by 7.5%, and the Tertiary Sector (commerce, transport, financial institutions, services) by 7.9%.
Cumulatively for the entire 2021 fiscal year (October to September), the global ICAE contracted by 2.3%. While most sectors showed negative performance, particularly commerce (-12.3%), manufacturing (-8.2%), and agriculture (-9.1%), some sub-sectors like financial institutions (+4.8%) and other market services (+2.3%) managed to achieve positive annual growth in the fourth quarter. The report highlights the broad-based nature of the economic slowdown in Haiti during this period.