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. Haiti signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: 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: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: 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: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
$45.68 billion (2017 est.)
$43.92 billion (2016 est.)
$42.39 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 112
$22.68 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]
4% (2017 est.)
3.6% (2016 est.)
3.6% (2015 est.)
country comparison to the world: 64
[see also: GDP - real growth rate country ranks ]
$5,500 (2017 est.)
$5,400 (2016 est.)
$5,200 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 170
21.5% of GDP (2017 est.)
19.5% of GDP (2016 est.)
19.3% of GDP (2015 est.)
country comparison to the world: 79
[see also: Gross national saving country ranks ]
household consumption: 78%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 14.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 22.3%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.2%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 42.5%
[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 ]
agriculture: 13.8%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 28.4%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 57.8% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
bananas, coffee, citrus, corn, African palm; beef; timber; shrimp, tilapia, lobster, sugar, oriental vegetables
sugar processing, coffee, woven and knit apparel, wood products, cigars
4.8% (2017 est.)
country comparison to the world: 51
[see also: Industrial production growth rate country ranks ]
3.735 million (2017 est.)
country comparison to the world: 97
[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 ]
5.9% (2017 est.)
6.3% (2016 est.)
note: about one-third of the people are underemployed
country comparison to the world: 82
[see also: Unemployment rate country ranks ]
29.6% (2014)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 38.4% (2014)
47.1 (2014)
45.7 (2009)
country comparison to the world: 27
[see also: Distribution of family income - Gini index country ranks ]
revenues: $4.376 billion
[see also: Budget - revenues country ranks ]
expenditures: $5.086 billion (2017 est.)
[see also: Budget - expenditures country ranks ]
19.3% of GDP (2017 est.)
country comparison to the world: 159
[see also: Taxes and other revenues country ranks ]
-3.1% of GDP (2017 est.)
country comparison to the world: 116
[see also: Budget surplus (+) or deficit (-) country ranks ]
51.9% of GDP (2017 est.)
47.7% of GDP (2016 est.)
country comparison to the world: 96
[see also: Public debt country ranks ]
calendar year
4% (2017 est.)
2.7% (2016 est.)
country comparison to the world: 154
[see also: Inflation rate (consumer prices) country ranks ]
6.25% (31 December 2010)
country comparison to the world: 68
[see also: Central bank discount rate country ranks ]
19.7% (31 December 2017 est.)
19.33% (31 December 2016 est.)
country comparison to the world: 18
[see also: Commercial bank prime lending rate country ranks ]
$2.729 billion (31 December 2017 est.)
$2.455 billion (31 December 2016 est.)
country comparison to the world: 123
[see also: Stock of narrow money country ranks ]
$9.334 billion (31 December 2017 est.)
$8.602 billion (31 December 2016 est.)
country comparison to the world: 107
[see also: Stock of broad money country ranks ]
$13.72 billion (31 December 2017 est.)
$12.65 billion (31 December 2016 est.)
country comparison to the world: 102
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
-$917 million (2017 est.)
-$811 million (2016 est.)
country comparison to the world: 129
[see also: Current account balance country ranks ]
$8.173 billion (2017 est.)
$7.841 billion (2016 est.)
country comparison to the world: 96
[see also: Exports country ranks ]
coffee, apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber
US 36.7%, Germany 10.7%, El Salvador 8.6%, Guatemala 6.5%, Netherlands 5.4%, Nicaragua 5.3% (2016)
$10.87 billion (2017 est.)
$10.56 billion (2016 est.)
country comparison to the world: 94
[see also: Imports country ranks ]
communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs
US 32.8%, China 14.1%, Guatemala 8.9%, Mexico 7.3%, El Salvador 5.7% (2016)
$4.46 billion (31 December 2017 est.)
$3.814 billion (31 December 2016 est.)
country comparison to the world: 96
[see also: Reserves of foreign exchange and gold country ranks ]
$9.025 billion (31 December 2017 est.)
$7.852 billion (31 December 2016 est.)
country comparison to the world: 118
[see also: Debt - external country ranks ]
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.)