Honduras: Selected Economic and Financial Indicators


 

 

 

 

Prel.

Proj.

 

2001

2002

2003

2004

2005


Real economy (percentage change)

 

 

 

 

 

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

 

 

 

 

 

 

Public finances (percent of GDP)

 

 

 

 

 

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

 

 

 

 

 

 

Money and credit (end-year, percentage
change)

 

 

 

 

 

Net domestic assets

8.8

7.9

30.2

6.8

11.8

Of which

 

 

 

 

 

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

 

 

 

 

 

 

Interest rates (average)

 

 

 

 

 

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

...

 

 

 

 

 

 

External sector

 

 

 

 

 

External current account balance (percent of GDP)

-4.1

-3.1

-4.2

-5.2

-2.5

Change in net international reserves

 

 

 

 

 

(millions of U.S. dollars, increase -)

-80

-129

77

-496

-210

Gross international reserves (in months of

 

 

 

 

 

next year imports of non-maquila goods and
services)

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

...


Sources: Central Bank of Honduras; ministry of finance; and IMF staff estimates and projections.
1/ For 2004 preliminary Fund staff estimates.
2/ As of end-December 2004.