Honduras


Honduras Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Honduras; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of Honduras
International ReservesUS$ 2.686 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 17 billion (2010 estimate)
GDP (Purchasing Power Parity)35.173 billion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
5.7%2.7%3.8%4.5%6.2%6.1%6.7%6.2%
2008200920102011*
4%-2.1%2.8%3.5%

*Estimate

GDP per capita - current pricesUS$ 2,191 (2001 estimate)
GDP per capita - PPP$4,532 International Dollars (2001 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.05%0.05%0.05%0.05%0.04%

**Forecast

GDP - composition by sector
  • agriculture: 12.2% 
  • industry: 27.1% 
  • services: 60.6% (2009 estimate)

    • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
11.5%(2008)8.7%4.7%7.6%

*Estimate

Unemployment rate
2008200920102011*
3.9%4.4%4.6%(2009)4.3%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
19.7%20.2%24.1%26.3%26.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-1.6%-1.7%-4.6%-3.7%-3.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B/Stable/B

Moody's rating: B2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in HondurasN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -1.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-7.3% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

38.4% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.04%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$5.879 billion f.o.b. (2010 estimate)
Export commoditiescoffee, shrimp, bananas, gold, palm oil, fruit, lobster, lumber
Total importsUS$10.2 billion f.o.b. (2008 estimate)
Import commoditiesmachinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs
Exports - major partnersUS 67.2%, El Salvador 4.9%, Guatemala 3.9% (2007)
Imports - major partnersUS 52.4%, Guatemala 7.1%, El Salvador 5.2%, Mexico 4.5%, Costa Rica 4.2% (2007)
FDI inflows
200820092010
US$1,006 millionUS$523 million(2009)US$797 million(2009)
FDI outflows
200820092010
US$-1 millionUS$1 millionUS$-1 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 131 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 145 out of 183 countries(2009)

Registering property: 89 out of 183 countries

Paying Taxes: 147 out of 183 countries

Getting credit: 32 out of 183 countries

Protecting investors: 167 out of 183 countries

Trading across border: 110 out of 183 countries

Enforcing Contracts: 175 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		86

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 99 Score: 58.6 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-6
Total area 112,492 km2 (2006)
CapitalTegucigalpa (2009)
Currencylempiras (HNL) (2009)
Government typedemocratic constitutional republic (2009)
LanguagesSpanish, Amerindian dialects
ReligionsRoman Catholic 97%, Protestant 3%
Total population
1980199020002010*2015**
3.63 million4.9 million6.23 million7.61 million8.21 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
22.7%34.9%44.4%48.3%
Population median age20.0 years (2006)
Population growth rate2% (2009)
Life expectancy70 years (2007)
Adult literacy83% (2000/2007)
% of population living on less than $2 a day35.37% (2011)
Inequality of wealth distribution (Gini index)

57.7 (2007)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:4 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

133.87% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population11.09% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Tegucigalpa: 208th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.1849 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2011:
  • COUNTRY WINNERS Banco Atlántida (National, 2011)
2010:
  • COUNTRY WINNERS Banco Atlántida (National, 2010)
2009:
  • COUNTRY WINNERS Banco Atlántida (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:
  • COUNTRY WINNERS Citi (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE