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 24,948

millions

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%
   

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%
   
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%
   

 

Disclaimer

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