New Honduras Jobs Plan Aims To Stem Migration And Poverty
Poverty and migration are stubborn problems in Honduras but Hernandez's government is determined to combat both.
Honduras GDP and Economic Data
Includes Honduras real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Honduras economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Honduras best banks and safest banks are also available.
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International Reserves
USD 4.8 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 6.2% | 4.2% | -2.4% | 3.7% | 3.8% | 4.1% | 2.8% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 3.1% | 3.8% | 3.8% | 4.9% | 3.7% |
*Estimate
Source
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
**Forecast
Source
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GDP - composition by sector
- agriculture: 11.8%
- industry: 26.8%
- services: 57.1%
(2016 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 3.2% | 2.7% | 3.9% | 4.3% | 4.4% |
*Estimate
Source
Unemployment rate
| 2015 | 2016 | 2017* | 2018* | 2019* |
| 4.6% | 4.7% | 4.5% | 3.9% | 3.3% |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 37.4% | 38.4% | 39.2% | 40.2% | 41.5% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.8% | -0.4% | -0.4% | 0.2% | -0.1% |
*Estimate
Source
Government bond ratings
Standard & Poor's: BB-
Moody's: B1
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-4.2 % (2018 estimate)
Source
Exports as percent of GDP (Exports of goods and services)
41.8% (2018)
Shares in world total merchandising export
0.05% (2018)
Shares in world total commercial services export
0.05% (2018)
Export commodities
Coffee, apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber
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Import commodities
Communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs
Exports - major partners
US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% (2017)
Imports - major partners
US 40.3%, Guatemala 10.5%, China 8.5%, Mexico 6.2%, El Salvador 5.7%, Panama 4.4%, Costa Rica 4.2% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 1,139 million | USD 1,186 million | USD 1,226 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 239 million | USD 173 million | USD 80 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | USD 40 million | USD 58 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
133 out of 190 countries
Subcategories:
Starting a Business: 170 out of 190 countries
Dealing with Construction Permits: 158 out of 190 countries
Getting Electricity: 138 out of 190 countries
Registering Property: 101 out of 190 countries
Getting Credit: 25 out of 190 countries
Protecting Minority Investors: 120 out of 190 countries
Paying Taxes: 167 out of 190 countries
Trading across Borders: 130 out of 190 countries
Enforcing Contracts: 154 out of 190 countries
Resolving Insolvency: 143 out of 190 countries
Source
Global competitiveness ranking
101 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 93 / Score: 60.2 (Moderately free)
(100=totally free 0=totally repressed)
Source
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Capital
Tegucigalpa; note - article eight of the Honduran constitution states that the twin cities of Tegucigalpa and Comayaguela, jointly, constitute the capital of the Republic of Honduras; however, virtually all governmental institutions are on the Tegucigalpa
Source
Religions
Roman Catholic 46%, Protestant 41%, atheist 1%, other 2%, none 9% (2014 est.)
Total population
| 1990 | 2000 | 2010* | 2015* | 2020* |
| 4.96 million | 6.52 million | 8.2 million | 8.96 million | 9.76 million |
*Estimate
Source
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 22.7% | 34.9% | 45.5% | 57.1% |
Literacy
Total population: 89%
Male: 89%
Female: 88.9%
(age 15 and over can read and write)
% of population living on less than $3.10 a day
31.6% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
50.5 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Partly Free
Political Rights: 4
Civil Liberties: 4 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 5.5% Mobile: 79.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)