Honduras:
Selected Economic and Financial Indicators |
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Prel. |
Proj. |
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2001 |
2002 |
2003 |
2004 |
2005 |
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Real economy (percentage change) |
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Real GDP 1/ |
2.6 |
2.7 |
3.5 |
4.6 |
4.2 |
GDP deflator |
8.0 |
6.3 |
7.7 |
7.7 |
7.8 |
Consumer prices (end of period) |
8.8 |
8.1 |
6.8 |
9.2 |
6.9 |
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Public finances (percent of GDP) |
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Consolidated public sector deficit |
-3.2 |
-3.6 |
-5.1 |
-3.0 |
-2.5 |
Consolidated primary deficit |
-2.7 |
-3.3 |
-4.6 |
-2.7 |
-2.3 |
Public sector debt (percent of GDP, end of
period) |
75.2 |
73.7 |
75.3 |
72.8 |
56.1 |
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Money and credit (end-year, percentage |
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Net domestic assets |
8.8 |
7.9 |
30.2 |
6.8 |
11.8 |
Of which
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Nonfinancial public sector |
3.1 |
-0.9 |
45.9 |
-38.2 |
-6.7 |
Private sector |
12.2 |
9.6 |
9.8 |
18.1 |
14.5 |
Broad money |
14.2 |
14.3 |
13.6 |
20.5 |
12.4 |
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Interest rates (average) |
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Deposit rate (six months) |
14.3 |
13.1 |
11.0 |
11.0 |
... |
Lending rate (more than one year) |
23.2 |
21.1 |
18.0 |
18.3 |
... |
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External sector |
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External current account balance (percent of
GDP) |
-4.1 |
-3.1 |
-4.2 |
-5.2 |
-2.5 |
Change in net international reserves |
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(millions of U.S. dollars, increase -) |
-80 |
-129 |
77 |
-496 |
-210 |
Gross international reserves (in months of |
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next year imports of non-maquila goods and |
4.7 |
4.7 |
3.7 |
4.8 |
4.9 |
Terms of trade (percentage change) |
-7.4 |
-7.9 |
-5.2 |
-0.9 |
-0.3 |
Real effective exchange rate (end of
period) 2/ |
4.2 |
-3.7 |
-7.8 |
-3.0 |
... |
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Sources: Central Bank of
Honduras; ministry of finance; and IMF staff estimates and projections. |