1945

Now that a year and a half have passed since the devastating earthquake that struck Haiti in January 2010, it is time to take stock of the progress made in rehabilitation and reconstruction. The Haitian Institute of Statistics and Information Sciences estimates that the country’s gross domestic product (GDP) contracted by 5.1% in real terms in fiscal year 2010, much less than originally forecast. One of the contributory factors may have been the 15% increase in final effective household consumption, supported by transfers and grants in kind. At the sectoral level, since the agricultural sector was not as hard hit, the fall in GDP was not as sharp as it might have been, despite a 15% decline in manufacturing and an 8% contraction in commerce.

Related Subject(s): Economic and Social Development
Countries: Haiti
/content/books/9789210550116s007-c006
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