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ECON FACTBOOK

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Economy of Honduras

Population: 8.1 million in 20131

GDP: $18.6 billion in 20132

GDP per capita: $2,291 nominal3 ($4,591 PPP4) in 2013

GDP growth rate: 2.6% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities6,25035.9%
Manufacturing3,04517.5%
Wholesale, retail trade, restaurants and hotels2,96717.1%
Agriculture, hunting, forestry, fishing2,51814.5%
Transport, storage and communication1,0926.3%
Construction1,0846.2%
Mining and utilities4432.5%
Total value added17,399100%

Employment

Unemployment rate: 4.2% in 20137

Employment by Industry 8

Employment sectorPercent of total
Services40%
Agriculture39%
Industry21%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .570 in 201310

Government

Central Government

Central Government Revenue: $3.1 billion (17% of GDP) in 201311

Central Government Expenditure: $4.2 billion (23% of GDP) in 201311

Central Government Budget Balance: -$1.1 billion (-6% of GDP) in 201311

Central Government Public Debt: $3.1 billion (17% of GDP) in 2014* 12

Central Government 10 Year Bond Interest Rate: 6.8% in Jun 201413

* Public debt calculated using the exchange rate 21.0 HLN = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201314

Corporate Tax Rate: 25% in 201415

Monetary Policy

Money Supply (M0): $2.2 billion (12% of GDP) in Dec 2014* 16

Benchmark Interest Rate: Monetary Policy Rate = 6.75% in Feb 201517

Total Reserves: $3.0 billion (16% of GDP) in 201318

Exchange Rate: 21.0 Honduran Lempira = 1 U.S. Dollar on Feb 10, 201519

Inflation: 5.2% in 201320

* Money supply calculated using the exchange rate 21.0 HNL = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $7.9 billion (43% of GDP) in 201322

Imports: $11.3 billion (61% of GDP) in 201322

Trade Balance: -$3.4 billion (-18% of GDP) in 201322

Foreign Direct Investment Inflow: $1.1 billion (6% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $571 million (3% of GDP) $in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: UN Human Development Report (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Banco Central De Honduras, Economic Statistics, General Dissemination System Data (Public debt) Go back
13. Source: Bloomberg (Government bond yield) Go back
14. Source: PricewaterhouseCoopers, Doing Business Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: Banco Central de Honduras, Statistics, Central Bank Monetary Base (Money supply) Go back
17. Source: Banco Central de Honduras (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back