(2024-12) Economic Activity Indicator (ICAE) Bulletin, Q1 (Oct–Dec) FY2024-2025
Summary — Haiti's Economic Activity Conjunctural Indicator (ICAE) contracted by 2.5% in the first quarter of fiscal year 2024-2025 (October-December 2024), reaching 121.2. This decline is attributed to poor performance across all three major economic sectors, with primary, secondary, and tertiary sectors all showing negative growth.
Key Findings
- The global ICAE contracted by 2.5% year-on-year in Q1 FY2025, reaching 121.2, due to poor performance across all sectors.
- The primary sector regressed by 6.1%, with agriculture and extractive activities declining by 6.1% and 6.5% respectively, impacted by drought and insecurity.
- The secondary sector saw a 4.1% decrease, driven by drops in manufacturing (-3.5%), construction (-6.8%), and electricity/water (-2.8%).
- The tertiary sector experienced a 1.4% regression, though financial intermediation (+1.1%) and telecommunications (+3.8%) showed positive trends.
- Non-market services recorded a 2.5% increase, mainly due to a rise in the wage bill.
Full Description
The Economic Activity Conjunctural Indicator (ICAE) for Haiti, a composite index reflecting short-term trends in GDP, experienced a 2.5% annual contraction in the first quarter of fiscal year 2024-2025 (October-December 2024), settling at 121.2. This negative performance is a result of combined declines across all three main economic sectors. The primary sector saw a 6.1% regression, driven by drops in agriculture (-6.1%) and extractive activities (-6.5%), exacerbated by drought and insecurity. The secondary sector also declined by 4.1%, with manufacturing down 3.5%, construction by 6.8%, and electricity/water by 2.8%. The tertiary sector experienced a 1.4% regression, though financial intermediation and telecommunications showed positive trends.