Download Honduras - globalEDGE

Honduras
Introduction
Key Economic Facts
The country of Honduras is located in Central America
bordering the Caribbean Sea and the Gulf of Fonseca.
Neighboring countries include Guatemala, El Salvador, and
Nicaragua. The Honduran territory
consists mainly of mountains, with narrow
plains along the coasts, undeveloped
lowland jungle La Mosquitia region in the
northeast, and the populated lowland Sula
valley in the northwest. The government system is a
democratic constitutional republic; the chief of state and
head of government is the president. Honduras has a mixed
economic system which
includes a variety of emerging
private freedom, combined with
centralized economic planning
and government regulation.
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Primary Religions:
Calling Code:
Voltage:
Central America
Tegucigalpa (-6 GMT)
President Juan Orlando Hernández
President Juan Orlando Hernández
Lempira (HNL)
Spanish (official), Amerindian dialects
Roman Catholic 97%, Protestant 3%
504
110
Key Websites
Main Government Page: presidencia.gob.hn
Export Promotion Agency: investinhonduras.hn
Investment Promotion investinhonduras.hn
Agency:
Risk Assessment (Provided by Coface)
Lower Middle Income
Developing
$39.08 billion (2014)
3.09% (2014)
$4,908.68 (2014)
$6,830,943,000.00 (2013)
18.52% (2014)
-$1.44 billion (2014)
6.13% (2014)
3,373,490 (2014)
3.90% (2014)
$12.74 billion (2014)
$9.09 billion (2014)
GDP Composition %
Agriculture
Industry
Manufacturing
14
26
19
Services
60
Country rating: C - A very uncertain political and economic
outlook and a business environment with many troublesome
weaknesses can have a significant impact on corporate
payment behavior. Corporate default probability is high.
Business Climate rating: C - The business environment is
difficult. Corporate financial information is often unavailable
and when available often unreliable. Debt collection is
unpredictable. The institutional framework has many
troublesome weaknesses. Intercompany transactions run
major risks in the difficult environments rated C.
Strengths
• Privileged relations with the United States
• Belongs to the central-America/United States and
Central America/EU free-trade zones
• Agricultural, mining, and tourist resources
• Agreement with the IMF
Weaknesses
• Dependency on the American economic conditions
(exports, foreign direct investment)
• Dependency on imports of fuel and cereals (maize is
the basic foodstuff)
• Weak public and external accounts
• Exposure to seismic and climatic risks
• High degree of criminality
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
U.S. Embassy
Rankings
Embajada de los Estados Unidos de América
Avenida La Paz
Tegucigalpa M.D.C.
Honduras
Tel: 236-9320, 238-5114
http://honduras.usembassy.gov/
Index
Corruption Perceptions Index
Global Competitiveness Report
Global Enabling Trade Report
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
112 / 168
88 / 140
82 / 138
116 / 178
103 / 160
109 / 139
78 / 187
97 / 142
60 / 102
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV