General Information
41% of Honduras’s external sales are concentrated in the textile and clothing sector, while the agro-industrial sector accounts for 37%.
(Source: Central Bank)
Gross Domestic Product (GDP) | % of regional GDP | GDP per head |
USD 24,948millions |
0.5%
|
USD 2,546
|
Economic Statistics (years 2016 - forecast 2021)
National Accounts | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
GDP growth (%) | 3.9% | 4.8% | 3.7% | 2.7% | -3.9% | 4.1% |
Nominal GDP (USD millions) | 21,567 | 22,975 | 23,857 | 24,948 | 24,048 | 25,148 |
GDP per Head (USD) | 2,479 | 2,581 | 2,651 | 2,546 | 2,656 | 2,745 |
Inflation (%) | 3.3% | 4.7% | 4.2% | 4.1% | 3.8% | 4.5% |
Fiscal Balance (% GDP) | -2.7% | -2.7% | -2.1% | -3.0% | -5.3% | -3.8% |
General Govt. gross debt (% GDP) | 47.0% | 47.4% | 48.6% | 49.4% | 48.6% | 48.3% |
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Trade Statistics
Foreign Trade - Composition | |||||
Exports | Imports | ||||
By countries | By countries | ||||
US | 34.5% | US | 40.3% | ||
Germany | 8.9% | Guatemala | 10.4% | ||
Belgium | 7.7% | China | 8.5% | ||
El Salvador | 7.3% | Mexico | 8.2% | ||
By products | By products | ||||
Manufactures | 61.3% | Manufactures | 64.5% | ||
Agricultural products | 30.5% | Fuels and mining prod. | 20.6% | ||
Fuels and mining prod. | 3.3% | Agricultural products | 14.4% |
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Balance of Payments (USD millions) | 2016 | 2017 | 2018 | 2019 | f.2020 | f.2021 |
Exports of Goods | 7,960 | 8,656 | 8,586 | 8,539 | 8,155 | 8,727 |
Exports growth (%) | -3.2% | 8.7% | -0.8% | -0.5% | -4.5% | 7.0% |
Imports of Goods | 10,559 | 11,409 | 12,250 | 12,076 | 10,644 | 11,264 |
Imports growth (%) | -5.5% | 8.1% | 7.4% | -1.4% | -11.9% | 5.8% |
Foreign Trade (% GDP) | 86% | 87% | 87% | 83% | 80% | 78% |
Current Account Balance | -567 | -329 | -1,521 | -992 | -836 | -932 |
% GDP | -2.6% | -1.4% | -6.4% | -4.0% | -3.2% | -3.4% |
Foreign Direct Investment | 1,147 | 950 | 1,443 | 624 | 1,078 | 1,275 |
% GDP | 5.3% | 4.1% | 6.0% | 2.5% | 4.1% | 4.6% |
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