Honduras
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1993 , pp 277-304
- Publication Date: December 1994
- DOI: https://doi.org/10.18356/e1d2cad0-en
- Language: English
The economy of Honduras grew by 4% in 1993, due to growth in domestic demand, driven to a large extent by increased fiscal expenditure. Gaps in both the fiscal and external accounts, however, widened considerably. The central Government ran up its budget deficit to over 9% of output, while the deficit in the balance-of-payments current account expanded to 11 % of GDP, contributing to a loss of reserves equal to approximately 2.5% of output. There was a resurgence of inflation, which mounted quickly to 13%, equalling the figure for the previous year.
© United Nations
ISBN (PDF):
9789210601207
Book DOI:
https://doi.org/10.18356/a858e3b6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Honduras
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