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8.13

Honduras

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

4,350

4,476

4,608

4,745

4,885

5,029

5,170

5,315

5,463

5,616

5,773

Growth Rate (%)

3.0

2.9

2.9

3.0

3.0

2.9

2.8

2.8

2.8

2.8

2.8

National Accounts

GDP, current prices (m. lempiras)

8,305

9,251

10,334

12,537

16,314

18,800

22,689

28,862

37,507

47,753

60,842

GDP, 1978 prices (m. lempiras)

4,729

4,947

5,161

5,166

5,334

5,634

5,985

5,907

6,148

6,374

6,672

Real GDP Growth Rate (%)

6.0

4.6

4.3

0.1

3.3

5.6

6.2

-1.3

4.1

3.7

4.5

Real Per Capita GDP (1978 lempiras)

1,087

1,105

1,120

1,089

1,092

1,120

1,158

1,111

1,125

1,135

1,153

Real Per Capita GDP Growth Rate (%)

3.0

1.7

1.3

-2.8

0.3

2.6

3.3

-4.0

1.3

0.9

1.6

Fixed Capital Formation/GDP (%) [a]

13.6

15.4

18.2

20.2

19.0

22.3

28.8

28.1

24.0

23.3

23.8

Private

8.5

10.4

12.5

13.6

11.8

12.0

16.4

17.0

14.0

15.2

18.1

Public

5.1

5.0

5.7

6.6

7.2

10.3

12.4

11.1

10.0

8.1

5.7

Gross National Savings/GDP (%)

9.7

12.6

13.3

18.4

13.3

14.7

19.4

17.9

19.5

18.6

21.6

Private

8.7

12.1

13.7

16.9

6.6

8.3

14.5

13.6

12.3

12.4

14.7

Public

1.0

0.5

-0.4

1.5

6.7

6.4

4.9

4.3

7.2

6.2

6.9

Foreign Savings/GDP (%)

3.9

2.8

4.9

1.8

5.7

7.6

9.4

4.5

4.5

4.7

2.2

Prices

GDP Deflator (1978=100)

175.6

187.0

200.2

242.7

305.8

333.7

379.1

488.6

610.1

749.2

911.9

Annual Change (%)

2.8

6.5

7.1

21.2

26.0

9.1

13.6

28.9

24.9

23.0

21.7

Consumer Prices (1978=100)

197.8

206.8

227.1

280.0

375.1

408.0

451.8

550.0

712.0

881.0

1,059.6

Annual Change (%)

2.5

4.6

9.8

23.3

34.0

8.8

10.7

21.7

29.5

23.7

20.3

Balance of Payments (US$m)

Current Account Balance

(340)

(329)

(338)

(306)

(339)

(445)

(477)

(477)

(337)

(327)

(239)

Exports, fob

822

881

903

887

838

833

912

1,017

1,298

1,422

1,536

Imports, fob

871

923

956

907

913

990

1,233

1,399

1,571

1,759

1,965

Trade Balance

(49)

(42)

(53)

(20)

(75)

(157)

(321)

(382)

(273)

(337)

(429)

Services, net

(307)

(305)

(310)

(311)

(292)

(317)

(224)

(178)

(168)

(130)

16

Private Transfers, net [b]

16

18

25

25

28

29

68

83

104

140

174

Capital Account Balance

419

437

440

472

302

357

357

381

378

365

400

Official Transfers, net

176

218

168

255

169

187

150

128

160

137

138

Direct Investment, net

39

48

51

44

52

48

52

42

69

90

114

Priv., M-T & L-T, net

(25)

(25)

(18)

(22)

(28)

(30)

4

44

9

13

(4)

Priv., Short-Term, net

11

5

(10)

(28)

41

(37)

(1)

83

27

43

138

Official, net

164

177

247

184

74

191

165

86

108

77

(46)

Financial Intermediaries, net

54

14

2

39

(6)

(2)

(13)

(2)

5

5

60

Other, net

..

..

..

..

..

..

..

..

..

..

..

Errors and Omissions

(31)

(82)

(104)

(130)

85

139

(72)

95

(19)

(26)

35

Overall Balance

48

26

(2)

36

48

51

(192)

(1)

22

12

196

External Public Debt

Debt Outstanding,12/31 (US$m) [c]

2,666

2,776

2,880

3,209

3,078

3,271

3,629

3,752

3,952

3,767

3,643

Debt Outstanding/GDP (%)

64.2

60.0

55.7

105.2

100.3

95.7

103.5

109.3

99.8

92.3

77.5

Debt Service/Exports (%)

20.1

29.9

20.9

43.2

49.1

47.0

39.7

35.9

33.3

33.5

26.2

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue

22.6

22.4

24.6

27.3

29.9

28.8

27.6

26.7

30.2

30.3

29.4

Current Expenditures

21.6

21.5

25.0

25.8

23.2

22.4

23.7

22.6

23.2

24.2

22.6

Current Surplus/Deficit

1.0

0.9

-0.4

1.5

6.7

6.4

3.9

4.1

7.0

6.1

6.8

Capital Revenue

0.3

0.2

0.2

0.1

0.3

0.9

1.0

0.6

0.4

0.1

0.2

Capital Expenditures

5.1

5.6

5.9

7.6

7.4

12.2

14.0

11.0

11.5

10.4

6.6

Net Lending

1.0

0.7

1.3

-0.1

0.3

0.5

0.7

-0.3

0.2

0.5

1.2

Overall Surplus/Deficit

-4.8

-5.2

-7.4

-5.9

-0.7

-5.4

-9.8

-6.0

-4.3

-4.7

-0.8

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