Honduras

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Introduction - Honduras:
Location - Honduras:
People - Honduras:
Government - Honduras:
Economy - Honduras:
Economy overview	Honduras, the second poorest country in Central America and one of the poorest countries in the Western Hemisphere, with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade under the US-Central America Free Trade Agreement (CAFTA) and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. The country has met most of its macroeconomic targets, and began a three-year IMF Poverty Reduction and Growth Facility (PRGF) program in February 2004. The economy relies heavily on a narrow range of exports, notably bananas and coffee, making it vulnerable to natural disasters and shifts in commodity prices, but in recent years has experienced a rapid rise in exports of light manufacturers. Growth remains dependent on the economy of the US, its largest trading partner, and on reduction of the high crime rate, as a means of attracting and maintaining investment.

Gdp purchasing power parity	$22.54 billion (2006 est.)

Gdp official exchange rate	$8.478 billion (2006 est.)

Gdp real growth rate	6% (2006 est.)

Gdp per capita ppp	$3,100 (2006 est.)

Gdp composition by sector	agriculture: 13.6% industry: 31.4% services: 55% (2006 est.)

Labor force	2.589 million (2006 est.)

Labor force by occupation	agriculture: 34% industry: 23% services: 43% (2003 est.)

Unemployment rate	27.9% (2006 est.)

Population below poverty line	53% (1993 est.)

Household income or consumption by percentage share	lowest 10%: 0.6% highest 10%: 42.7% (1998)

Distribution of family income gini index	55 (1999)

Inflation rate consumer prices	5.7% (2006 est.)

Investment gross fixed	23.7% of GDP (2006 est.)

Budget	revenues: $2.002 billion expenditures: $2.028 billion; including capital expenditures of $106 million (2006 est.)

Public debt	67.1% of GDP (2006 est.)

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

Industries	sugar, coffee, textiles, clothing, wood products

Industrial production growth rate	7.7% (2003 est.)

Electricity production	4.805 billion kWh (2004)

Electricity consumption	4.824 billion kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	356 million kWh (2004)

Oil production	0 bbl/day (2004 est.)

Oil consumption	37,000 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$160 million (2006 est.)

Exports	$1.947 billion f.o.b. (2006 est.)

Exports commodities	coffee, shrimp, bananas, gold, palm oil, fruit, lobster, lumber

Exports partners	US 70.3%, Guatemala 3.5%, El Salvador 3.4% (2006)

Imports	$4.86 billion f.o.b. (2006 est.)

Imports commodities	machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs

Imports partners	US 51.7%, Guatemala 6.8%, El Salvador 4.4%, Mexico 4.1%, Costa Rica 4% (2006)

Reserves of foreign exchange and gold	$2.778 billion (2006 est.)

Debt external	$5.587 billion (2006 est.)

Economic aid recipient	$557.8 million (1999)

Currency code	lempira (HNL)

Exchange rates	lempiras per US dollar - 18.895 (2006), 18.92 (2005), 18.206 (2004), 17.345 (2003), 16.433 (2002)

Communications - Honduras:
Transportation - Honduras:
Military - Honduras:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: South and central America : Poorest : Republic : Medium - to 1 000 000 km2 : Population to 10 000 000 people

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Honduras

Honduras: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Honduras

Economy overview

Gdp purchasing power parity

$22.54 billion (2006 est.)

Gdp official exchange rate

$8.478 billion (2006 est.)

Gdp real growth rate

6% (2006 est.)

Gdp per capita ppp

$3,100 (2006 est.)

Gdp composition by sector

agriculture: 13.6% industry: 31.4% services: 55% (2006 est.)

Labor force

2.589 million (2006 est.)

Labor force by occupation

agriculture: 34% industry: 23% services: 43% (2003 est.)

Unemployment rate

27.9% (2006 est.)

Population below poverty line

53% (1993 est.)

Household income or consumption by percentage share

lowest 10%: 0.6% highest 10%: 42.7% (1998)

Distribution of family income gini index

55 (1999)

Inflation rate consumer prices

5.7% (2006 est.)

Investment gross fixed

23.7% of GDP (2006 est.)

Budget

revenues: $2.002 billion expenditures: $2.028 billion; including capital expenditures of $106 million (2006 est.)

Public debt

67.1% of GDP (2006 est.)

Agriculture products

bananas, coffee, citrus; beef; timber; shrimp

Industries

sugar, coffee, textiles, clothing, wood products

Industrial production growth rate

7.7% (2003 est.)

Electricity production

4.805 billion kWh (2004)

Electricity consumption

4.824 billion kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

356 million kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

37,000 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$160 million (2006 est.)

Exports

$1.947 billion f.o.b. (2006 est.)

Exports commodities

coffee, shrimp, bananas, gold, palm oil, fruit, lobster, lumber

Exports partners

US 70.3%, Guatemala 3.5%, El Salvador 3.4% (2006)

Imports

$4.86 billion f.o.b. (2006 est.)

Imports commodities

machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs

Imports partners

US 51.7%, Guatemala 6.8%, El Salvador 4.4%, Mexico 4.1%, Costa Rica 4% (2006)

Reserves of foreign exchange and gold

$2.778 billion (2006 est.)

Debt external

$5.587 billion (2006 est.)

agriculture: 13.6%
industry: 31.4%
services: 55% (2006 est.)

agriculture: 34%
industry: 23%
services: 43% (2003 est.)

lowest 10%: 0.6%
highest 10%: 42.7% (1998)

revenues: $2.002 billion
expenditures: $2.028 billion; including capital expenditures of $106 million (2006 est.)