Haiti

For the second year running, the Haitian economy performed poorly; its gross domestic product (GDP) actually contracted by 1.2%, resulting in a reduction of per capita GDP (-3%) and real income (-2.2%). The main macroeconomic indicators deteriorated: average inflation for the fiscal period rose substantially (16.8%), the fiscal deficit remained high (-2.7% of GDP) and the balance-of-payments current-account deficit reached 1.5% of GDP. There was also an evident backslide in both investment (-6.8%) and consumption (-5.3%). The fall in real income was accentuated by the sharp deterioration in the terms of trade (4%), but was cushioned somewhat by remittances from abroad. The uncertain political outlook and the slowdown in the United States economy affected performance in all sectors of production.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions