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 |
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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 |
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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 |
Honduras
Inflation & Debt
Inflation |
2015 3.2% 2016 2.7% 2017 3.9% 2018* 4.3% 2019* 4.4% *Estimate |
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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) |
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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) |
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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) |
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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 |
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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 |
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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