Honduras
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1994-1995 , pp 243-251
- Publication Date: December 1995
- DOI: https://doi.org/10.18356/0bf16a21-en
- Language: English
In 1994 the Honduran economy felt the effects of a prolonged drought which hurt agricultural production and triggered critical electrical power shortages. The situation was made worse by a decline in the flow of external credit due to the country's failure to meet the conditions it had agreed upon with the International Monetary Fund (IMF). The combination of these two factors resulted in a drop of nearly 2% in gross domestic product (GDP), a considerable depreciation of the lempira, an acceleration of inflation to an annual rate of 29%, and a decrease in the country's already very low levels of personal consumption.
© United Nations
ISBN (PDF):
9789210583008
Book DOI:
https://doi.org/10.18356/78f1d816-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Honduras
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