Economy of Honduras
Population: 9.59 M (2018)
GDP per Capita: 2,500 USD (2018)
23,970 M.

GDP USD

(2018)

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10,020 M.

EXPORTS USD

(2018)

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14,470 M.

IMPORTS USD

(2018)

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44.05 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.75 % (2018)
GDP of 2010 USD USD 21.30 B. (2018)
GDP Current USD USD 23.97 B. (2018)
GDP per Capita Current USD USD 2,500 (2018)
GDP per capita, PPP USD 4,560 (2018)
GDP per Capita, 2010 USD USD 2,219 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.69 % (2018)
Government Spending USD 3.28 B. (2018)
Government Debt % GDP 44.05 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 124.89 (2018)
Trade Openness 102.14 % (2018)
Exports of Goods and Services % GDP 41.78 % (2018)
Exports Goods & Services USD 10.02 B. (2018)
Exports Annual Growth 1.45 % (2018)
Imports as % GDP 60.36 % (2018)
Total Imports USD 14.47 B. (2018)
Foreign Direct Investment % GDP 6.02 % (2018)
Foreign Direct Investment USD 1.36 B. (2018)
Current Account Balance % GDP USD -5.27 % (2018)
Current Account Balance USD -1.26 B. (2018)
Trade Balance % GDP -18.57 % (2018)
Trade Balance USD -4.34 B. (2018)
Foreign Exchange Reserves incl Gold USD 4.77 B. (2018)
Remittances % GDP 19.93 % (2018)
Remittances USD 4,760 M. (2018)
Balance of Payments USD 298 M. (2018)

Labor Market

Indicator Value
Labor Force 4.38 M. (2019)
Unemployment Rate 4.11 % (2019)
Unemployment Rate Females 7.00 % (2019)
Unemployment Rate Males 4.39 % (2019)
Youth Unemployment (ages 15-24) 7.88 % (2019)
Labor Force Participation Rate 65.22 % (2019)
Labor Force (Percent Female) 38.20 % (2019)
Female Labor Force Participation Rate 47.32 % (2019)
Male Labor Force Participation Rate 83.57 % (2019)
Dependent People 57.31 % (2018)

Agriculture Sector

Indicator Value
Forest Area 40.00 % (2016)
Forest Area km² 44,720 km² (2016)
Agricultural Land 28.91 % (2016)
Agricultural Land km² 32,350 km² (2016)
Employment 31.84 % (2019)
Value added % GDP 11.79 % (2018)
Agriculture Value added USD 2.83 B. (2018)
Crop Production Index 132.30 (2016)
Precipitation 1,976 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 1,775 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 43 % (2018)
Fertilizer use of Arable Land 164 kg/hectare (2016)
Livestock Production Index 110 (2016)
Economy of Honduras

According to the World Bank and its latest published data, the economy of the Honduras presents a growth rate of 3.75 % (2018) to the previous year.

With a population that reaches 9.59 M (2018) and a gross domestic product of USD 23.97 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,500 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Honduras also has a workforce of 4.38 M. (2019) with an unemployment rate of 4.11 % (2019), where women represent 7.00 % (2019) and men 4.39 % (2019), the unemployment rate for young people between 15-24 years old stood at 7.88 % (2019). The total number of dependent people stands at 57.31 % (2018).

The central government spent 13.69 % (2018) of its gross domestic product that year, which in absolute terms is USD 3.28 B. (2018). Its consolidated public debt reached 44.05 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Honduras exported USD 10.02 B. (2018), which represents 41.78 % (2018) of its gross domestic product, in that same sense its imports reached USD 14.47 B. (2018) with a direct foreign investment of USD 1.36 B. (2018).

Honduras has a forest area of 44,720 km² (2016), which represents 40.00 % (2016) of its total area, an average rainfall of 1,976 mm (2014) per year and a population of 43 % (2018) living in rural areas. With a total area of 32,350 km² (2016) available for agriculture and 31.84 % (2019) of its employments, the agricultural sector contributes to the economy of the Honduras about USD 2.83 B. (2018) (11.79 % (2018) of its GDP).