Economy - overview:
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing. Nearly half of Honduras's economic activity is directly tied to the US, with exports to the US equivalent to 30% of GDP and remittances for another 20%. The US-Central America Free Trade Agreement (CAFTA) came into force in 2006 and has helped foster foriegn direct investment, but physical and political insecurity may deter potential investors; about 70% of FDI is from US firms. The economy registered marginally positive economic growth in 2010, insufficient to improve living standards for the nearly 60% of the population in poverty. The LOBO administration inherited a difficult fiscal position with off-budget debts accrued in previous administrations and government salaries nearly equivalent to tax collections. His government has displayed a commitment to improving tax collection and cutting expenditures. This enabled Tegucigalpa to secure an IMF Precautionary Stand-By agreement in October 2010. The IMF agreement has helped renew multilateral and bilateral donor confidence in Honduras following the ZELAYA administration's economic mismanagement and the political coup.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: The information regarding Honduras on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Honduras Economy 2011 information contained here. All suggestions for corrections of any errors about Honduras Economy 2011 should be addressed to the CIA.
$33.77 billion (2010 est.)
country comparison to the world: 104
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$15.34 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
2.5% (2010 est.)
country comparison to the world: 140
[see also: GDP - real growth rate country ranks ]
$4,200 (2010 est.)
country comparison to the world: 159
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 12.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
26.9%
[see also: GDP - composition by sector - industry country ranks ]
services:
60.8% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
3.394 million (2009 est.)
country comparison to the world: 98
[see also: Labor force country ranks ]
agriculture: 39.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
20.9%
[see also: Labor force - by occupation - industry country ranks ]
services:
39.8% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]
5.1% (2010 est.)
country comparison to the world: 48
note:
about 36% are unemployed or underemployed
[see also: Unemployment rate country ranks ]
65% (2008)
[see also: Population below poverty line country ranks ]
lowest 10%: 0.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
42.2% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
53.8 (2003)
country comparison to the world: 15
[see also: Distribution of family income - Gini index country ranks ]
23.3% of GDP (2009 est.)
country comparison to the world: 54
[see also: Investment (gross fixed) country ranks ]
revenues: $2.923 billion
[see also: Budget - revenues country ranks ]
expenditures:
$3.651 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
26.1% of GDP (2010 est.)
country comparison to the world: 93
[see also: Public debt country ranks ]
4.6% (2010 est.)
country comparison to the world: 135
[see also: Inflation rate (consumer prices) country ranks ]
NA% (31 December 2009)
[see also: Central bank discount rate country ranks ]
19.16% (31 December 2009 est.)
country comparison to the world: 28
[see also: Commercial bank prime lending rate country ranks ]
$1.296 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$7.618 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$7.581 billion (31 December 2010 est.)
country comparison to the world: 105
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
bananas, coffee, citrus, corn, African palm; beef; timber; shrimp, tilapia, lobster
sugar, coffee, woven and knit apparel, wood products, cigars
2.4% (2009 est.)
country comparison to the world: 124
[see also: Industrial production growth rate country ranks ]
6.58 billion kWh (2007 est.)
country comparison to the world: 103
[see also: Electricity - production country ranks ]
6.54 billion kWh
country comparison to the world: 102
note:
approximately 1.5 billion kWh in transmission and distribution losses (2007 est.)
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
11.8 million kWh (2007 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 187
[see also: Oil - production country ranks ]
56,000 bbl/day (2009 est.)
country comparison to the world: 96
[see also: Oil - consumption country ranks ]
0 bbl/day (2007 est.)
country comparison to the world: 148
[see also: Oil - exports country ranks ]
46,130 bbl/day (2007 est.)
country comparison to the world: 89
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 171
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 100
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 145
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 173
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 162
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 169
[see also: Natural gas - proved reserves country ranks ]
-$1.048 billion (2010 est.)
country comparison to the world: 139
[see also: Current account balance country ranks ]
$5.879 billion (2010 est.)
country comparison to the world: 105
[see also: Exports country ranks ]
apparel, coffee, shrimp, wire harnessing, cigars, bananas, gold, palm oil, fruit, lobster, lumber
US 59.6%, El Salvador 5.61%, Guatemala 5.28%, Mexico 4.19%, Germany 4.04% (2009)
$8.878 billion (2010 est.)
country comparison to the world: 95
[see also: Imports country ranks ]
machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs
US 46.81%, Guatemala 8.92%, El Salvador 7.13%, Mexico 5.54%, Costa Rica 4.91% (2009)
$2.302 billion (31 December 2010 est.)
country comparison to the world: 92
[see also: Reserves of foreign exchange and gold country ranks ]
$3.54 billion (31 December 2010 est.)
country comparison to the world: 120
[see also: Debt - external country ranks ]
lempiras (HNL) per US dollar - 18.9 (2010), 18.895 (2009), 18.983 (2008), 18.9 (2007), 18.895 (2006)
This page was last modified 09-Feb-11