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 bank Central Bank of Honduras
International Reserves US$ 2.783 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 18.32 billion (2010 estimate)
GDP (Purchasing Power Parity) 37.408 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.7% 3.8% 4.5% 6.2% 6.1% 6.7% 6.2% 4.1%
2009 2010 2011 2012*
-2.1% 2.8% 3.6% 3.5%

*Estimate

GDP per capita - current prices US$ 2,185 (2001 estimate)
GDP per capita - PPP $4,461 International Dollars (2001 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.05% 0.05% 0.05% 0.05% 0.05%

**Forecast

GDP - composition by sector
  • agriculture: 12.6% 
  • industry: 26.3% 
  • services: 61.1% (2011 estimate)
  • (Data released on February 2012)

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

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
8.7%(2008) 4.7% 6.8% 5.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
4.4% 4.6% 4.4%(2009) 4.4%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
19.8% 23.9% 26.3% 28.1% 31.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.7% -4.7% -2.9% -2.8% -2.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: B2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Honduras N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -1.4 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -7.8% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

43.9% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.04%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.03% (2011)(2007)

(Data were released in 2012)

Total exports US$6.946 billion (2012 estimate) 
Export commodities apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber
Total imports US$10.66 billion (2012 estimate) 
Import commodities machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs
Exports - major partners US 86% (2011)
Imports - major partners US 49.8%, Guatemala 8.2%, Mexico 5%, El Salvador 4.9% (2011)
FDI inflows
2009 2010 2011
US$523 million US$797 million(2009) US$1,014 million(2009)
FDI outflows
2009 2010 2011
US$-1 million US$1 million US$-7 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 125 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 155 out of 185 countries(2009)

Enforcing Contracts: 179 out of 185 countries

Registering Property: 92 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 90 out of 185 countries

Paying Taxes: 139 out of 185 countries

Dealing with Construction Permits: 65 out of 185 countries

Getting Electricity: 117 out of 185 countries

Resolving Insolvency: 133 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
90

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 93 Score: 58.8 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-6
Total area 112,492 km2 (2006)
Capital Tegucigalpa (2009)
Currency lempiras (HNL) (2009)
Government type democratic constitutional republic (2009)
Languages Spanish, Amerindian dialects
Religions Roman Catholic 97%, Protestant 3%
Total population
1980 1990 2000 2012* 2017**
3.63 million 4.9 million 6.23 million 8.2 million 9.09 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
22.7% 34.9% 44.4% 52.2%
Population median age 21 years (2010)
Population growth rate 2% (2011)
Life expectancy 73 years (2010)
Adult literacy 84% (2005/2010)
% of population living on less than $2 a day 35.37% (2011)
Inequality of wealth distribution (Gini index)

56.95 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:4 (2011)

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

Total telephone subscribers as % of population

111.83% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 15.9% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

1.0341 (Data were released in 2012 and refer to 2009)

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

2012:
  • COUNTRY WINNERS Banco Atlántida (National, 2012)
2011:
  • COUNTRY WINNERS Banco Atlántida (National, 2011)
2010:
  • COUNTRY WINNERS Banco Atlántida (National, 2010)
2009:
  • COUNTRY WINNERS Banco Atlántida (Asia, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Citi (National, 2013)
2012:
  • COUNTRY WINNERS Citi (National, 2012)
2011:
  • COUNTRY WINNERS Citi (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE