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    Honduras Index 2006

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    Honduras Economy - 2006
    https://theodora.com/wfbcurrent/honduras/honduras_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Honduras, 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 (PGRF) program in February 2004. Growth remains dependent on the economy of the US, its largest trading partner, on continued exports of non-traditional agricultural products (such as melons, chiles, tilapia, and shrimp), and on reduction of the high crime rate.

      GDP (purchasing power parity):
      $20.21 billion (2005 est.)

      GDP (official exchange rate):
      $7.842 billion (2005 est.)

      GDP - real growth rate:
      4% (2005 est.)

      GDP - per capita (PPP):
      $2,800 (2005 est.)

      GDP - composition by sector:
      agriculture: 12.7%
      industry: 31.2%
      services: 56.1% (2005 est.)

      Labor force:
      2.54 million (2005 est.)

      Labor force - by occupation:
      agriculture: 34%
      industry: 21%
      services: 45% (2001 est.)

      Unemployment rate:
      28% (2005 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):
      9.2% (2005 est.)

      Investment (gross fixed):
      27% of GDP (2005 est.)

      Budget:
      revenues: $1.693 billion
      expenditures: $1.938 billion; including capital expenditures of $106 million (2005 est.)

      Public debt:
      70.5% of GDP (2005 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:
      4.338 billion kWh (2003)

      Electricity - consumption:
      4.369 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      335 million kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      37,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$456 million (2005 est.)

      Exports:
      $1.726 billion f.o.b. (2005 est.)

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

      Exports - partners:
      US 54.4%, El Salvador 8.1%, Germany 5.9%, Guatemala 5.4% (2004)

      Imports:
      $4.161 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs (2000)

      Imports - partners:
      US 37.5%, Guatemala 6.9%, Mexico 5.4%, Costa Rica 4.3%, El Salvador 4% (2004)

      Reserves of foreign exchange and gold:
      $2.23 billion (2005 est.)

      Debt - external:
      $4.675 billion (2005 est.)

      Economic aid - recipient:
      $557.8 million (1999)

      Currency (code):
      lempira (HNL)

      Exchange rates:
      lempiras per US dollar - 18.92 (2005), 18.206 (2004), 17.345 (2003), 16.433 (2002), 15.474 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Honduras on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Honduras Economy 2006 information contained here. All suggestions for corrections of any errors about Honduras Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/honduras/honduras_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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