| People | Honduras |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
Honduras, the second poorest country in Central America and one of the poorest countries in the Western Hemisphere, with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade under the US-Central America Free Trade Agreement (CAFTA) and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Despite improvements in tax collections, the government's fiscal deficit is growing due to increases in current expenditures and financial losses from the state energy and telephone companies. Honduras is the fastest growing remittance destination in the region with inflows representing over a quarter of GDP, equivalent to nearly three-quarters of exports. The economy relies heavily on a narrow range of exports, notably bananas and coffee, making it vulnerable to natural disasters and shifts in commodity prices, however, investments in the maquila and non-traditional export sectors are slowly diversifying the economy. Growth remains dependent on the economy of the US, its largest trading partner, and on reduction of the high crime rate, as a means of attracting and maintaining investment. |
GDP (purchasing power parity):
|
$24.69 billion (2007 est.) |
GDP (official exchange rate):
|
$10.06 billion (2007 est.) |
GDP - real growth rate:
|
6% (2007 est.) |
GDP - per capita (PPP):
|
$3,300 (2007 est.) |
GDP - composition by sector:
|
agriculture: 13.5%
industry: 31%
services: 55.6% (2007 est.) |
Investment (gross fixed):
|
26.3% of GDP (2007 est.) |
Population below poverty line:
|
50.7% (2004) |
Household income or consumption by percentage share:
|
lowest 10%: 1.2%
highest 10%: 42.2% (2003) |
Distribution of family income - Gini index:
|
53.8 (2003) |
Inflation rate (consumer prices):
|
6.4% (2007 est.) |
Labor force:
|
2.812 million (2007 est.) |
Labor force participation rate:
|
36.81 % of population |
Labor force - by occupation:
|
agriculture: 34%
industry: 23%
services: 43% (2003 est.) |
Unemployment rate:
|
27.8% (2007 est.) |
Budget:
|
revenues: $2.089 billion
expenditures: $2.357 billion; including capital expenditures of $106 million (2007 est.) |
Budget revenues per capita:
|
274 USD per capita |
Public debt:
|
29.3% of GDP (2007 est.) |
Industries:
|
sugar, coffee, textiles, clothing, wood products |
Industrial production growth rate:
|
5.3% (2007 est.) |
Electricity - production:
|
5.339 billion kWh (2005) |
Electricity - production per capita:
|
699 kWh per capita |
Electricity - consumption:
|
4.036 billion kWh (2005) |
Electricity - consumption - per capita:
|
529 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
57 million kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
43,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
2.05 bbl/year per capita |
Oil - exports:
|
765.4 bbl/day (2004) |
Oil - imports:
|
42,620 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
bananas, coffee, citrus; beef; timber; shrimp, tilapia, lobster; corn, African palm |
Current account balance:
|
-$446 million (2007 est.) |
Current account balance - per capita:
|
-58 USD per capita |
Exports:
|
$3.924 billion f.o.b. (2007 est.) |
Exports per capita:
|
514 USD per capita |
Exports - commodities:
|
coffee, shrimp, bananas, gold, palm oil, fruit, lobster, lumber |
Exports - partners:
|
US 70.6%, Guatemala 3.5%, El Salvador 3.4% (2006) |
Imports:
|
$6.798 billion f.o.b. (2007 est.) |
Imports per capita:
|
890 USD per capita |
Imports - commodities:
|
machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs |
Imports - partners:
|
US 53%, Guatemala 7%, El Salvador 4.5%, Costa Rica 4.1%, Mexico 4.1% (2006) |
Reserves of foreign exchange and gold:
|
$2.892 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
379 USD per capita |
Debt - external:
|
$3.871 billion (31 December 2007 est.) |
Debt - external - per capita:
|
507 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$680.8 million (2005) |
Economic aid - recipient per capita:
|
90 USD per capita |
Currency (code):
|
lempira (HNL) |
Exchange rates:
|
lempiras per US dollar - 18.9 (2007), 18.895 (2006), 18.92 (2005), 18.206 (2004), 17.345 (2003) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
