Haiti Led Caribbean GDP Growth Last Year, Will Again in 2012: ECLAC



Above: a newly-inaugurated staircase in Jalouzi (Photo: OP)

By the Caribbean Journal staff

Haiti’s economy led the Caribbean in 2011 and will do so again in 2012, according to new data from the United Nations Economic Commission for Latin America and the Caribbean.

Haiti’s GDP grew 5.6 percent in 2011, the highest rate in the Caribbean, and is projected to grow by 6 percent this year, according to the report.

Guyana had the second-highest growth rate in the region last year at 5.4 percent (its growth is projected to fall to 4.1 percent this year).

The Latin American and Caribbean region is projected to grow 3.7 percent in 2012, with a 1.9 percent growth rate in the English-speaking Caribbean.

Haiti’s growth was led last year by what ECLAC called the “favourable” performance of sectors including construction (which grew 9.2 percent in the last fiscal year) and manufacturing (which increased by 18 percent).

A rise in inflation last year in Haiti was due largely to an upward global trend of prices in products like oil and food, although it slowed towards the end of the year.

See below for the full table of projected growth rates in the Caribbean this year:



http://www.caribjournal.com/2012/06/18/haiti-led-caribbean-gdp-growth-last-year-will-again-in-2012-eclac/

Talk about spin!

6% sucks! It really sucks!

When your GDP is one of the lowest in the world, 6% is NOTHING.

We can add to that 6%-buy Haitian products!
http://www.justhaiti.org/buycoffee.htm

http://www.benjyscoffee.com/

http://www.singingrooster.org/

Jesus Christ - 21 June 2012 08:45 AM

Haiti: 6% of 12.44 B ......746 Million (with all the post earthquake foreign stimulation)

DR: 4.5% of 93.23 B......4,195 Million or 4.19 B

Will we ever catch up?????

Not without massive infrastructure development.

Why is it the Africans "Get It", and Haiti just plods along the NGO led path to misery

gunner - 21 June 2012 10:45 AM

Jesus Christ - 21 June 2012 08:45 AM

Haiti: 6% of 12.44 B ......746 Million (with all the post earthquake foreign stimulation)

DR: 4.5% of 93.23 B......4,195 Million or 4.19 B

Will we ever catch up?????

Not without massive infrastructure development.

Why is it the Africans "Get It", and Haiti just plods along the NGO led path to misery

Africa is a continent....so not all africans get it.

Haiti is also under military and financial occupation...so it cannot chart its own course.

gunner - 21 June 2012 10:45 AM

Jesus Christ - 21 June 2012 08:45 AM

Haiti: 6% of 12.44 B ......746 Million (with all the post earthquake foreign stimulation)

DR: 4.5% of 93.23 B......4,195 Million or 4.19 B

Will we ever catch up?????

Not without massive infrastructure development.

Why is it the Africans "Get It", and Haiti just plods along the NGO led path to misery

Agree. Rwanda started doing this even while the UN was still there. So anyone who says otherwise is misinformed.

Jesus Christ - 21 June 2012 01:13 PM

gunner - 21 June 2012 10:45 AM

Jesus Christ - 21 June 2012 08:45 AM

Haiti: 6% of 12.44 B ......746 Million (with all the post earthquake foreign stimulation)

DR: 4.5% of 93.23 B......4,195 Million or 4.19 B

Will we ever catch up?????

Not without massive infrastructure development.

Why is it the Africans "Get It", and Haiti just plods along the NGO led path to misery

Africa is a continent....so not all africans get it.

Haiti is also under military and financial occupation...so it cannot chart its own course.

The Infrastructure Consortium for Africa (ICA) http://www.icafrica.org/

Transforming Africa’s Infrastructure http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/0,,contentMDK:22386904~pagePK:146736~piPK:146830~theSitePK:258644,00.html

Kenya Gets $600 Million From World Bank for Infrastructure Kenya Gets $600 Million From World Bank for Infrastructure

EU-Africa Infrastructure Trust Fund EU-Africa Infrastructure Trust Fund

The Emerging Africa Infrastructure Fund (“EAIF” or the “Fund The Emerging Africa Infrastructure Fund (“EAIF” or the “Fund

And the list goes on and on.

Africa "gets it".

Thank You for the links GUNNER

One is a report on Africa's infrastructure needs.

The other one is the ICA


"ICA is not a financing agency but acts as a platform to catalyse donor and private sector financing of infrastructure projects and programmes in Africa.



ICA members include the G8 countries, the World Bank Group, the African Development Bank Group, the European Commission, the European Investment Bank and the Development Bank of Southern Africa.

ICA is supported by a small secretariat that is hosted by the African Development Bank in Tunis, Tunisia. The secretariat is funded by voluntary contributions from ICA members and staffed by a combination of permanent staff from the African Development Bank, consultants and experts on secondment from ICA-member countries."


Question for you: Is there nothing comparable being done for the Latin-American region???

No reports on haiti's and the region's needs done by these Europeans/Americans???

No platform to catalyse donor and private sector financing????

If not, what are the G8 countries, World Bank, European commission, European Investment Bank and other international agencies doing for our part of the world???

A major case of neglect...huhhhh GUNNER.

Rachel - 21 June 2012 08:17 AM

For once, I agree with Gunner. With a bottom-of-the-barrel GDP, Haiti's is most in need for improvement anyway. So, all this means is that we're moving in the right direction.

2 months ago I posted a similar thread and they said haiti's gdp for 2012 was going to be 7.8