Current Account in Haiti
Haiti - Current AccountAfter the economy seemingly contracted in FY 2021 (1 October 2020–30 September 2021) amid sociopolitical turmoil, conditions remained dire at the beginning of FY 2022 (1 October 2021–30 September 2022). The economy grew marginally in Q1 FY 2022 due to a low base effect. The delicate security situation led to sharp supply disruptions and forced firms to operate in a limited fashion. This likely hurt private consumption and investment, as shown by deeper contractions in consumer and business loans in Q1 FY 2022 compared to Q4 FY 2021. Meanwhile, in recent months, gang violence has continued to intensify, with civilian deaths and kidnappings on the rise. Moreover, food prices have skyrocketed since late February due to the fallout from the war in Ukraine, exacerbating food insecurity. On a positive note, increasing remittances should provide some support to private spending.
Haiti - Current Account Data
|Current Account (% of GDP)||-8.6||-5.5||-7.6||-7.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Haiti Current Account Chart
Source: Haiti Central Bank and FocusEconomics calculations.
|Exchange Rate||87.66||-1.13 %||Jan 01|
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