Browse a full set of economic indicators

Honduras

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.

Basic Information

Government Type: Presidential republic

Capital City: 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

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Honduras
Currency Lempiras (HNL)
International Reserves USD 4.8 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 23.8 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 49.2 billion (2018, estimate)

GDP Data

Real GDP growth 2007 6.2%
2008 4.2%
2009 -2.4%
2010 3.7%
2011 3.8%
2012 4.1%
2013 2.8%
2014 3.1%
2015 3.8%
2016 3.8%
2017* 4.9%
2018* 3.7%

*Estimate
GDP per capita – current prices USD 2,521.2 (2018, estimate)
GDP per capita – PPP Intl$ 5,212.0 (2018, estimate)
GDP (PPP) – share of world total 1980 0.04%
1990 0.04%
2000 0.04%
2010 0.04%
2019* 0.04%

**Forecast
GDP – composition by sector agriculture: 11.8%
industry: 26.8%
services: 57.1%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 3.2%
2016 2.7%
2017 3.9%
2018* 4.3%
2019* 4.4%

*Estimate

Inflation & Debt

Inflation 2015 3.2%
2016 2.7%
2017 3.9%
2018* 4.3%
2019* 4.4%

*Estimate
Government Bond Ratings
Standard & Poor’s: BB-

Moody’s: B1

Standard & Poor’s / Moody’s
Unemployment rate 2015 4.6%
2016 4.7%
2017 4.5%
2018* 3.9%
2019* 3.3%

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015 37.4%
2016 38.4%
2017 39.2%
2018* 40.2%
2019* 41.5%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -0.8%
2016 -0.4%
2017 -0.4%
2018* 0.2%
2019* -0.1%

*Estimate

Market value of publicly traded shares 2016 N/A
2017 N/A
2018 N/A
Largest Companies N/A

Import/Export

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)
Total exports USD 7.2 billion (2018)
Export commodities Coffee, apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber
Total imports USD 11.6 billion (2018 estimate)
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)

Competitiveness & Trade

Current account balance USD -1.0 billion (2018 estimate)
Current account balance by percentage of GDP -4.2 % (2018 estimate)
FDI inflows 2016 USD 1,139 million
2017 USD 1,186 million
2018 USD 1,226 million
FDI Outflows 2016 USD 239 million
2017 USD 173 million
2018 USD 80 million
Value of cross-border M&A, by country of purchaser 2015 N/A
2016 N/A
2017 USD 40 million
2018 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
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)

Population & Geographic Data

Total Area US 40.3%, Guatemala 10.5%, China 8.5%, Mexico 6.2%, El Salvador 5.7%, Panama 4.4%, Costa Rica 4.2% (2017)
Total Population 1990 4.96 Million
2000 6.52 Million
2010 8.2 Million
2015 8.96 Million
2020 9.76 Million
Urban population as % of total population 1960 22.7%
1980 34.9%
2000 45.5%
2020 57.1%
Population median age 23.3 years


CIA World Factbook / Population median age
Population growth rate 1.56% (2018 estimate)
Life expectancy 71.3 years (2018 estimate)
% 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)
Freedom House rating Partly Free
Political Rights: 4
Civil Liberties: 4 (2019)

(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 7.8%


Fixed: 5.5% Mobile: 79.2% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 31.7 % (2017)

Language & Religon

Languages Spanish (official), Amerindian dialects
Literacy Total population: 89%
Male: 89%
Female: 88.9%

(age 15 and over can read and write)
Religions Total population: 89%
Male: 89%
Female: 88.9%

(age 15 and over can read and write)

World Rankings

Population 9.76 million
Mercer Cost of living index Tegucigalpa: 199th (2019)
C02 Emissions per capita 1.06 metric tons per capita (2014)

Global Finance Rankings & Awards: Honduras

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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