Economy of Honduras - Statistics

Statistics

• GDP
  • L 233 billion (2007.)
  • US$ 12.3 billion (2007.)
  • International dollars (purchasing power parity method) $24.69 billion (2007 est.)
• GDP - real growth rate 6% (2007 est.)
• GDP - per capita purchasing power parity - $2,050 (1999 est.)

• GDP - composition by sector
  • agriculture 20%
  • industry 25%
  • services 55% (1998 est.)

• Population below poverty line 22% (2006 est.)

• Household income or consumption by percentage share
  • lowest 10% consume 1.2%
  • highest 10% consume 42.1% (1996)

• Inflation rate (consumer prices) 14% (1999 est.)

• Labor force 2.3 million (1997 est.)

• Labor force - by occupation agriculture 29%, industry 21%, services 60% (1998 est.)

• Unemployment rate 12% (1999); underemployed 30% (1997 est.)

• Budget
  • revenue $980 million
• expenditures $1.15 billion including capital expenditures of $NA (1998 est.)

• Industries bananas, sugar, coffee, textiles, clothing, wood products

• Industrial production growth rate 9% (1992 est.)

• Electricity - production 2,904 GWh (1998)

• Electricity - production by source
  • fossil fuel 34.44%
  • hydro 65.56%
  • nuclear 0%

• Electricity - consumption 2,742 GWh (1998)

• Electricity - exports 16 GWh (1998)

• Electricity - imports 57 GWh (1998)

• Agriculture - products bananas, coffee, citrus; beef; timber; shrimp

• Exports $1.6 billion (f.o.b., 1999 est.)

• Exports - commodities coffee, bananas, shrimp, lobster, meat; zinc, lumber

• Exports - partners US 73%, Japan 4%, Germany 4%, Belgium, Spain (1998)

• Imports $2.7 billion (f.o.b., 1999 est.)*Imports - partners US 60%, Guatemala 5%, Netherlands Antilles, Japan, Germany, Mexico, El Salvador (1998)

• Debt - external $4.4 billion (1999)

• Economic aid - recipient $557.8 million (1999)

• Currency 1 lempira (L) = 100 centavos

• Exchange rates lempiras (L) per US$1 – 19.00 (October 2005), 14.5744 (January 2000), 14.5039 (1999), 13.8076 (1998), 13.0942 (1997), 12.8694 (1996), 10.3432 (1995) .... 1.00 (1980)

Notes:
GDP annual growth is growth of real (constant lempiras) GDP, not nominal (current) GDP.
The inflation measure used is the GDP deflator, not consumer price index (CPI). Since they differ somewhat, please do not add CPI data here as it will cause entries to be uncomparable.
2008 GDP annual growth datum is from Banco Central de Honduras Memoria Anual 2008. Retrieved July 2009.
Other data is from the World bank >> Data and Research >> Key Statistics:Data by topic >> Macroeconomics and Growth >> Quick Query >> select "Honduras", "GDP growth" and "Inflation".
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The slowed rate of growth in 2008 (4%, vs. 6.3% in 2007) reflected the general downturn in the world economy that year. The Banco Central de Honduras (central bank) named the debilitation of global demand, and loss of dynamism in final consumer demand, as important factors in the slowing of Honduras's economic growth in 2008. The table here shows the slowing of growth in 2008 versus 2007 in various economies.