|
|
Honduras
- Economy
|
Overview
|
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high unemployment and underemployment. The economy relies heavily on a narrow range of exports, notably apparel, 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. 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 22%. The US-Central America Free Trade Agreement (CAFTA) came into force in 2006 and has helped foster investment, but physical and political insecurity may deter potential investors. The economy is expected to register marginally positive economic growth in 2010, insufficient to improve living standards for the nearly 60% of the population in poverty. Despite improvements in tax collections, the government's fiscal deficit is growing due to increases in current expenditures from increasing public wages. Tegucigalpa lacks an IMF agreement; its Stand-By Agreement expired in April 2009 and former President ZELAYA's commitment to a fixed exchange rate undermined a follow-on.
|
|
GDP
(Gross
domestic product) |
|
Purchasing
power parity:
$ 32,500,000,000
USD (2009)
Rank: 103
Official
exchange rate:
$14.27 billion
Composition by
sector
- agriculture: 13.6%
- industry: 31.4%
- services: 55%
Per capita: $ 4,100
(2009 est.)
Rank: 154
Real growth rate: -2.1
(2009 est.)
Rank: 149
|
|
Industrial Sector &
Agriculture |
Industries: sugar, coffee, textiles, clothing, wood products
Industrial production growth rate: 2,4
(2009 est.)
Rank: 124
Agriculture - products: bananas, coffee, citrus; beef; timber; shrimp
|
|
Labor Force
|
|
Labor force: 2,589,000
(2006 est. )
Rank: 106
by
occupation: agriculture: 34%; industry: 23%; services: 43% (2003 est.)
Unemployment rate:
3
(2009 est.)
Rank: 22
Population below poverty
line: 53%
|
|
Financial Data |
Currency: lempira (HNL)
Code:
HNLHN
Exchange rates: lempiras per US dollar - 17.3453 (2003), 16.4334 (2002), 15.4737 (2001), 14.8392 (2000), 14.2132 (1999)
Currency Calculator
Current
account balance: $ -1,327,000,000
(2009 est.)
Rank: 140
Budget
2006
- revenues:
revenues: $1.974 billion
- expenditures: expenditures: $2.095 billion; including capital expenditures of $106 million (2006 est.)
Inflation rate: 5,9
(2009 est.
Rank: 152
Reserves: $ 2,230,000,000
USD (2005)
Rank: 89
Investment: 23.5
(2009)
Rank: 58
Public Debt:
24.4
USD (2009 est.)
Rank: 95
Debt - external: $5.246 billion (2003)
(31 December 2009 est.)
Rank: 115
Economic Aid - Donor:
Economic Aid - Recipient: $680.8 million (2005)
Household income by percentage share highest
10%: 42.7%
Household income by percentage share lowest 10%: 0.6%
Bezugsjahr: (1998)
Gini Index: 53.8
Gini Index US: 55
Gini Index Bezugsjahr: 1999
Corruption Index: 2.4
Corruption Rank: 134
Tourismus:
Tourismus-Einnahmen:
Fiscal year: calendar year
|
|
|
Source:
CIA
World Factbook. This page was last updated on
18 February, 2011
|
