(2022-09) Economic Activity Indicator (ICAE) Bulletin, Q4 (Jul–Sep) FY2021-2022
Summary — This report from the Haitian Institute of Statistics and Informatics (IHSI) analyzes Haiti's Economic Activity Conjunctural Indicator (ICAE) for the fourth quarter of the 2021-2022 fiscal year. It reveals a negative growth of 5.2% for the global ICAE during this quarter, with a cumulative decline of 2.0% for the entire fiscal year. All three major economic sectors experienced negative growth, contributing to the overall economic slowdown.
Key Findings
- The global ICAE decreased by 5.2% in Q4 2021-2022 and 2.0% cumulatively for the fiscal year.
- The primary sector declined by 6.4% in Q4 and 5.9% cumulatively, mainly due to agriculture (-6.4%) and extractive activities (-7.3%).
- The secondary sector saw a 1.7% decrease in Q4 and 0.1% cumulatively, with construction (-10.9%) and electricity/water (-14.3%) declining, while manufacturing increased by 1.5%.
- The tertiary sector experienced a 6.0% drop in Q4 and 1.6% cumulatively, with commerce (-11.5%) and transport/communications (-3.9%) being major contributors to the decline.
- Financial institutions showed positive growth of 4.7% in Q4 and 5.0% cumulatively, contrasting with the overall negative trend in other sectors.
Full Description
The Haitian Institute of Statistics and Informatics (IHSI) presents its quarterly bulletin on the Economic Activity Conjunctural Indicator (ICAE) for the fourth quarter of the 2021-2022 fiscal year (July-September 2022), using 2007-2008 as the base year. The global ICAE registered a negative growth of 5.2% compared to the same period last year, reaching 118.2. Cumulatively for the entire fiscal year (October 2021-September 2022), the global ICAE declined by 2.0%.
All three main economic sectors contributed to this downturn. The primary sector saw a 6.4% annual decline in Q4 and 5.9% cumulatively, driven by agriculture (-6.4%) and extractive activities (-7.3%). The secondary sector decreased by 1.7% in Q4 and 0.1% cumulatively, with significant drops in construction (-10.9%) and electricity/water (-14.3%), while manufacturing showed a modest increase of 1.5%. The tertiary sector also experienced a 6.0% decline in Q4 and 1.6% cumulatively, largely due to commerce (-11.5%), transport and communications (-3.9%), and hospitality (-7.7%), although financial institutions and other market/non-market services showed positive growth.