Nicaragua - Current economic position and prospects

R E S T R I C T E D #IETURN TO 5 Report No. WH_66a REPORTS DES Kpr No. W WITHIN ONE WEEK This report was prepared for use within the Bank. In making it available to others, the Bank assumes no responsibility to them for the accuracy or completeness of the information contained herein. INTERNATIONAL BANK FOR. RECONSTRUCTION AND DEVELOPMENT THE CURRENT ECONOMIC POSITION AND PROSPECTS OF NICARAGUA January 28, 1958 Department of Opexrations Western Hemisphere  CURRENCY EQUIVALENTS Parity U.S. $1 - C$ 7 (Corclobas) C$ 1 . U.S. $0.143 C$ 1 Million U.S. $142,857 Principal Export Rate C$ 6.60 Fluctuating Free Market Rate C$ 7.00 - 7.50  TABIE OF CONTENTS Page No. Basic Data Sumraary and Conclusions i - ii The Current Econonic Position-and Prospects of Nicaragua 113 Statistical Appendix Table 1 - External Public Debt at June 1957 1 Table 2 - Interest and Amortization on Extesrnal Public Debt 1946-71 15 Table 3 - Volume of Exports by Commodities, 1950-56 16 Table 4 - Unit Prices of Exports, 1950-56 17 Table 5 - Value of Exports by Commodities, 1950-56 18 Table 6 - Value of Exports by Country of Destination, 1950-56 19 Table 7 - Value of Imports by Country of Origin, 1950_56 20 Table 8 - Value of Imports by Commodities, 1950-56 21 Table 9 - Balance of Payments, 1950-56 22 Table 10 - Domestic Credit and Balance of Payments, 1954-57 23 Table 11 - Exchange Reserves, 1950-56 Consolidated 24 Table 12 - Selected Items from Banks' Balance Sheet, 1953-57 25 Table 13 _ Consolidated Banks' Balance Sheet, 1952-57 26 Table 14 - The Central Government's Cash Budget, 1953-57 27 Table 15 - Central Government Revenues, 1950-58 28-29 Table 16 - Central Government Expenditures, 1951-58 30 Table 17 - Central Government Expendituresj, Percentage shares, 1951-58 31  BASIC DATA Area 148.8,00O square kilometers Population - 1956 1.3 million Rate of Increase 1920-40 1.4 per cent 1940-.50 2.4 per cent 1950-56 3.0 per cent National Income - 1956 Approximately 0200 per head 1955 1956 Exports, f.o.b. $ Million 79.9 65.6 Imports, c.i.f. d Million 69.6 68.7 Pri-ncipal Exports end Thiports - 1956 Exports % Imports % Cotton 36 Capital end other items recquired for production 50 Coffee 36 Foodstuffs 13 Gold (gross) 12 Consumer goods 9 Lumber (gross) 5 Fuel 4 Cottonseed 5