Honduras - Current economic position and prospects

R ESTR I CT E D I^3Y ' >1 il;J. 2 ;- t.;,$ R e p o r t N o. WH-71a a L,L WZu i This report was prepared for use within the Bank. In making it avai-lable to others, the Bank assumes no responsibility to them for the a-ccuracy or completeness of the information contained herein. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT CURlRENT ECONOMIC POSITION AND PROSPECTS OF HONDURAS February 14, 1958 Department of Operations Western Hemisphere  CONTENTS Page BASIC DATA SUNH,ARY AND CONCLUSIONS i Chapter I - THE COUNTRY AND ITS RESOURCES 1 Chapter II - ECONOMIC GROWTH 2 -:Past -Prospects Chapter III - B]LANCE OF PAYMENTS 5 Chapter IV - v1ONETARY SITUATION 6 Chapt,'r V - COVEBNM1NT FINANCES 7 Chapter VI - THE ECONOMIC DEVELOPMENT FROGRAM 9 -Program Expenditures -External Financing of the Program -Internal Financing of the Program APPENDIX I - PROJFCTICNS OF GROSS PRODUCT AND INCOME 16 APPENDTIX II - BALANCE OF PAYMENTS FROJECTIONS 18 APPENDIX III - FROGRAM OF EXPENDITURES FOR ECONOMIC DEVELOPMENT AND OTHER PUPPOSES 1958-1962 26 APPENDIX IV - MONETARY SITUATION 1958-1960 45 Statistical Tables (Nos. 1 to 11 inclusive)  BASIC DATA Area in aquare kilometers 112,100 Population, 1956 in million 1.7 rate of growth over 1955 3.0% Gross Nlational Product: 1956, at current prices in million lemDiras 646 1956, at 1948 " " " " 475 1956 per capita GNP in lempiras 289 "t it It " t " U. S. $ equivalent 2.10 Rate of annuel groTvth, 1948-1956 (at constant prices) 4.7 Public Sector Govern.^ent revenues in million lempiras, 1956 580.9 Government revenues as % of GNP at current prices 901% Surplus i.n Government current expenditures as % of GNP, 1956 4. 0 l'ublic and private savings as % of GNP, 1955 11.0% Exports f.o.b. in million lempiras 150.1 as % of GNP, 1956 23.0% Percentage increase in the cost of living index, 1956 over 1948 34.0% average annual increase: 1948-1956 4.3% Foreign Exchange Reserves, 1956 in million of U. S. $ 18.0 as % of imports 30.0% Annual service of external public debt: 1958-1964 average as % of export earnings 2.0%  SUM,ARY AND -C'r