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Honduras

Honduras, the second poorest country in Central America, has an extraordinarily unequal distribution of income and high un- and underemployment. The economy relies heavily on a narrow range of exports, notably apparel, bananas, and coffee, making it vulnerable to natural disasters and shifts in commodity prices; however, investments in the maquila and non-traditional export sectors are slowly diversifying the economy. Nearly half of Honduras's economic activity is directly tied to the US, with exports to the US equivalent to 30% of GDP and remittances for another 22%. The US-Central America Free Trade Agreement (...  More..

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Economy of Honduras
SOURCE: CIA - The World Factbook
Currency Lempira
Fiscal Year 01 January - 31 December
GDP (PPP) $33.17 billion (2009 est.)
GDP (per capita) $4,200 (2009 est.)
Exports $5.25 billion (2009 est.)
Imports $7.571 billion (2009 est.)
Main Industries Sugar, Coffee, Textiles, Clothing, Wood Products, Cigars
Exports - Commodities Apparel, Coffee, Shrimp, Wire Harnessing, Cigars, Bananas, Gold, Palm Oil, Fruit, Lobster, Lumber
Imports - Commodities Machinery and Transport Equipment, Industrial Raw Materials, Chemical Products, Fuels, Foodstuffs
Exports Partners US 61.7%, El Salvador 5.5%, Guatemala 5.2%, Mexico 4.1% (2008)
Imports Partners US 49.8%, Guatemala 7.6%, El Salvador 6.1%, Mexico 4.7%, Costa Rica 4.2% (2008)

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