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Haiti - Economy : GDP Growth +48% compared to 2012 30/12/2013 09:37:37
At the sectoral level, almost all branches of activity have contributed to GDP growth, including: the agricultural sector with an increase in real terms of +4.6% of its value, against 1.3% in 2012 ; buildings and public works [major infrastructure, reconstruction of public buildings and certain private sector initiatives] +9% ; catering and hospitality hotel +5% of its added value. Other industries, with a smaller participation in the composition of GDP also showed upward trends in 2013. The report states that domestic consumption, which fell by 5% in 2012, had experienced in 2013 an increase in volume of 2.8% taking advantage among others : of the increase in migrant remittances and transfers in kind and in cash of the Government to households. Boosted by government spending and a relatively stable business environment, investment, the other component of domestic demand grew by 6% more in real terms in 2013. Haitian exports, which were relatively in difficulties in 2012, have recorded an increase in 2013, at constant prices, by 5% due notably to the increase of 14% of the added value of export assembly industries. IHSI stresses that progress has also been recorded in the control of inflation, contained at the end of fiscal year 2013, 4.5% yoy (6.5% in September 2012). This result results in the combined effects of the increase in the supply of local products, of a certain stability in world prices, especially oil and basic grain and efforts to control the exchange rate of the Gourde against the U.S. dollar. The report concluded that in terms of perspectives, if we take into account the large sectoral projects announced, whether in agriculture, infrastructure or in the tourism industry, it should be expected a performance in 2014 of the superior economy, if not identical to 2013, noting that 2014 has many uncertainties and expectations due to elections. The objective of 4.5% set by the authorities for the 2014 fiscal year, will go among other things, by the continuing improvement of business environment, the consolidation of macroeconomic stability, the dynamism of economic agents and the transcendence of all political actors, concludes IHSI. See also : https://www.haitilibre.com/en/news-10189-haiti-economy-slowing-inflation-in-haiti-november-2013.html SL/ HaitiLibre
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