News

IMF: Haiti GDP Projected to Grow By 6.5 Percent in 2013

By: Caribbean Journal Staff - April 16, 2013

Above: Port-au-Prince (CJ Photo)

By the Caribbean Journal staff

Haiti’s economy is projected to grow by 6.5 percent in 2013, according to the International Monetary Fund’s latest World Economic Outlook.

That number is in line with a projection made by the IMF in late 2012.

Haiti’s economy grew 2.8 percent last year, although it had been projected to grow at a significantly higher rate. The IMF said the reduction was due in part to a series of crippling tropical storms and low execution of public capital spending.

A January projection by the World Bank forecasted a 6 percent growth rate for the country this year.

The country’s real GDP is projected to grow at a clip of 6.3 percent in 2014, according to the fund.

If this year’s projection is realized, Haiti will lead the Caribbean in economic growth this year followed by Guyana which is projected to grow 5.5 percent.

See below for the full table of Caribbean GDP projections for 2013:

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