General Information

41% of Honduras’s external sales are concentrated in the textile and clothing sector, while the agro-industrial sector accounts for 37%.
(Source: Central Bank)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 24,696

millions

0.5%

 

USD 2,627

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 3.8% 3.9% 4.8% 3.5% 3.4% 3.4%
Nominal GDP (USD millions) 20,834 21,567 22,940 24,696 25,862 27,076
GDP per Head (USD) 2,315 2,370 2,467 2,627 2,694 2,791
Inflation (%) 2.4% 3.3% 4.7% 4.2% 4.4% 3.7%
Fiscal Balance (% GDP) -3.0% -2.7% -2.7% -2.3% -2.6% -2.9%
General Govt. gross debt (% GDP) 45.5% 47.0% 47.5% 47.4% 46.7% 46.2%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 34.5%   US   40.3%
Germany 8.9%   Guatemala   10.4%
Belgium 7.7%   China   8.5%
El Salvador 7.3%   Mexico   8.2%
           
By products     By products  
Manufactures 61.3%   Manufactures 64.5%
Agricultural products 30.5%   Fuels and mining prod. 20.6%
Fuels and mining prod. 3.3%   Agricultural products 14.4%
   
Balance of Payments (USD millions) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 8,226 7,960 8,675 8,836 9,144 9,560
Exports growth (%) 1.3% -3.2% 9.0% 1.9% 3.5% 4.5%
Imports of Goods 11,175 10,559 11,324 12,244 12,659 13,003
Imports growth (%) 0.8% -5.5% 7.2% 8.1% 3.4% 2.7%
Foreign Trade (% GDP) 93% 86% 87% 85% 84% 83%
             
Current Account Balance -978 -567 -380 -940 -1,033 -1,006
% GDP -4.7% -2.6% -1.7% -3.8% -4.0% -3.7%
Foreign Direct Investment 1,317 1,147 1,265 1,309 1,422 1,543
% GDP 6.3% 5.3% 5.5% 5.3% 5.5% 5.7%
   

 

Disclaimer

This presentation has been prepared by Banco Latinoamericano de Comercio Exterior, S.A. (“BLADEX”) for information purposes only.

Although the information contained in this presentation has been obtained from sources which BLADEX believes to be reliable, it has not been independently verified and no representation or warranty, express or implied, is made and no responsibility is or will be accepted by BLADEX as to or in relation to the accuracy, reliability or completeness of any such information.

 The information and opinions contained in this presentation are not intended to be the sole basis upon determinations as to the advisability of any transaction contemplated herein. Accordingly, recipient(s) hereof should make their own judgment and assessment of the information contained in this presentation. Any views expressed herein reflect the judgment of BLADEX as of the date of this presentation and may be subject to change without notice whether or not BLADEX becomes aware of any information, or whether specific to a transaction or in general (including changes in prevailing capital markets conditions), which may have a material impact on any such views. BLADEX will not be responsible for any consequences resulting from the use of this presentation or reliance upon any view or statement contained herein or for any omission.

This presentation may not be reproduced (in whole or in part) or summarized or distributed without the prior written permission of BLADEX.

BLADEX does not provide any tax, legal, economic or accounting advice and you should seek independent professional advice as appropriate. Accordingly, any discussions of tax, legal, economic or accounting matters contained in this presentation (including any attachments) are not written or intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under any applicable laws or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.