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.

Honduras’s economy depends heavily on US trade and remittances. The US-Central America-Dominican Republic Free Trade Agreement came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms.

The economy registered modest economic growth of 3.1%-4.0% from 2010 to 2017, insufficient to improve living standards for the nearly 65% of the population in poverty. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Honduras signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.

GDP (purchasing power parity):
$46.3 billion (2017 est.)
$44.18 billion (2016 est.)
$42.58 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 112
[see also: GDP country ranks ]

GDP (official exchange rate):
$22.98 billion (2017 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.8% (2017 est.)
3.8% (2016 est.)
3.8% (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 56
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$5,600 (2017 est.)
$5,400 (2016 est.)
$5,300 (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 170
[see also: GDP - per capita country ranks ]

Gross national saving:
22.1% of GDP (2017 est.)
20.6% of GDP (2016 est.)
20.5% of GDP (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 83
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 77.7% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 13.8% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 23.1% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.7% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 43.6% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -58.9% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 14.2% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 28.8% (2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 57% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
bananas, coffee, citrus, corn, African palm; beef; timber; shrimp, tilapia, lobster, sugar, oriental vegetables

Industries:
sugar processing, coffee, woven and knit apparel, wood products, cigars

Industrial production growth rate:
4.5% (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 65
[see also: Industrial production growth rate country ranks ]

Labor force:
3.735 million (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 96
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
5.6% (2017 est.)
6.3% (2016 est.)
note: about one-third of the people are underemployed
country comparison to the world (CIA rank, may be based on non-current data): 82
[see also: Unemployment rate country ranks ]

Population below poverty line:
29.6% (2014)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 38.4% (2014)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
47.1 (2014)
45.7 (2009)
country comparison to the world (CIA rank, may be based on non-current data): 26
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: 4.658 billion (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 5.283 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
20.3% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 150
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.7% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 120
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
39.5% of GDP (2017 est.)
38.5% of GDP (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 131
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.9% (2017 est.)
2.7% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 152
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.25% (31 December 2010)
country comparison to the world (CIA rank, may be based on non-current data): 66
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
19.26% (31 December 2017 est.)
19.33% (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 16
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.827 billion (31 December 2017 est.)
$2.455 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 123
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$2.827 billion (31 December 2017 est.)
$2.455 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 130
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$13.3 billion (31 December 2017 est.)
$12.67 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 103
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$380 million (2017 est.)
-$587 million (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 110
[see also: Current account balance country ranks ]

Exports:
$8.675 billion (2017 est.)
$7.841 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 94
[see also: Exports country ranks ]

Exports - partners:
US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% (2017)

Exports - commodities:
coffee, apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber

Imports:
$11.32 billion (2017 est.)
$10.56 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 96
[see also: Imports country ranks ]

Imports - commodities:
communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs

Imports - partners:
US 40.3%, Guatemala 10.5%, China 8.5%, Mexico 6.2%, El Salvador 5.7%, Panama 4.4%, Costa Rica 4.2% (2017)

Reserves of foreign exchange and gold:
$4.708 billion (31 December 2017 est.)
$3.814 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 96
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$8.625 billion (31 December 2017 est.)
$7.852 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 118
[see also: Debt - external country ranks ]

Exchange rates:
lempiras (HNL) per US dollar -
23.74 (2017 est.)
22.995 (2016 est.)
22.995 (2015 est.)
22.098 (2014 est.)
21.137 (2013 est.)