GDP growth in Haiti – it’s magnificent!

And right now, for example, there is about 85 percent unemployment in Haiti, and yet the GDP has been growing by 4 percent every year. The reason the GDP is growing is because they’re destroying the informal sector, and more and more people are exchanging money for services, whereas in the past they used to trade services with each other. And, of course, everything gets added to GDP; nothing really gets subtracted. So loans are added to GDP. You get money from USAID, you borrow from the World Bank, you borrow from the IMF, and it looks like the GDP is growing. It’s magnificent! GDP is not net worth; it’s just how much money flows through a country. So Haiti is growing its GDP, and people are getting hungrier.

Dady Chery, 2015.

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