Economy ofHonduras
CurrencyHonduran Lempira (HNL, L)
Fiscal year
Calendar year
Trade organizations
DR-CAFTA, WTO
Country group
  • Developing/Emerging
  • Lower-middle income economy
Statistics
PopulationIncrease 9,587,522 (2018)
GDP
  • Increase $23.803 billion (nominal, 2018 est.)
  • Increase $49.198 billion (PPP, 2018 est.)
GDP rank
  • 104th (nominal, 2019)
  • 105th (PPP, 2019)
GDP growth
  • 3.7% (2018) 2.7% (2019e)
  • −5.8% (2020f) 3.7% (2021f)
GDP per capita
  • Increase $2,524 (nominal, 2018 est.)
  • Increase $5,216 (PPP, 2018 est.)
GDP per capita rank
  • 132nd (nominal, 2018)
  • 135th (PPP, 2018)
GDP by sector
  • agriculture: 14.2%
  • industry: 28.8%
  • services: 57%
  • (2017 est.)
Inflation (CPI)
4.348% (2018)
Population belowpoverty line
  • 29.6% (2014)
  • Negative increase 31.6% on less than $3.20/day (2017)
Gini coefficient
Negative increase 50.5high(2017)
Human Development Index
  • Increase 0.623medium(2018) (132nd)
  • 0.464 IHDI (2018)
Labor force
  • Increase 4,376,463 (2019)
  • Increase 67.7% employment rate (2018)
Labor force by occupation
  • agriculture: 39.2%
  • industry: 20.9%
  • services: 38.9%
  • (2005 est.)
Unemployment
  • Negative increase 5.6% (2018)
  • about one-third of the people are underemployed
Main industries
sugar processing, coffee, woven and knit apparel, wood products, cigars
Ease-of-doing-business rank
Decrease 133rd (medium, 2020)
External
ExportsIncrease $8.675 billion (2017 est.)
Export goods
coffee, apparel, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber
Main export partners
  •  United States 34.5%
  •  Germany 8.9%
  •  Belgium 7.7%
  •  El Salvador 7.3%
  •  Netherlands 7.2%
  •  Guatemala 5.2%
  •  Nicaragua 4.8%
  • (2017)
ImportsIncrease $11.32 billion (2017 est.)
Import goods
communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs
Main import partners
  •  United States 40.3%
  •  Guatemala 10.5%
  •  China 8.5%
  •  Mexico 6.2%
  •  El Salvador 5.7%
  •  Panama 4.4%
  •  Costa Rica 4.2%
  • (2017)
Current account
Increase −$380 million (2017 est.)
Grossexternal debt
Negative increase $8.625 billion (31 December 2017 est.)
Public finances
Public debt
Negative increase 39.5% of GDP (2017 est.)
Budget balance
−2.7% (of GDP) (2017 est.)
Revenues4.658 billion (2017 est.)
Expenses5.283 billion (2017 est.)
Credit rating
  • Standard & Poor's:
  • B (Domestic)
  • B (Foreign)
  • B+ (T&C Assessment)
Foreign reserves
Increase $4.708 billion (31 December 2017 est.)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.