HondurasChapitres
Once part of Spain's vast empire in the New World, Honduras became an independent nation in 1821. After two and a half decades of mostly military rule, a freely elected civilian government came to power in 1982. During the 1980s, Honduras proved a haven for anti-Sandinista contras fighting the Marxist Nicaraguan Government and an ally to Salvadoran Government forces fighting leftist guerrillas. The country was devastated by Hurricane Mitch in 1998, which killed about 5,600 people and caused approximately $2 billion in damage. Since then, the economy has slowly rebounded.
Indicateurs clés
- Surface
- 112,090 km2
- Population
- 9,346,277 (July 2021 est.)
- Type de gouvernement
- presidential republic
- Langues
- Spanish (official), Amerindian dialects
- PIB
- $23.828 billion (2020 est.)
- Taux de croissance
- -8.965% (2020 est.)
- HDI
- N/A
- Capitale
- Tegucigalpa
Indicateurs macroéconomiques
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing.
Honduras’s economy depends heavily on US trade and remittances. The US-Central America-Dominican Republic Free Trade Agreement came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms.
The economy registered modest economic growth of 3.1%-4.0% from 2010 to 2017, insufficient to improve living standards for the nearly 65% of the population in poverty. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Honduras signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.
Source: The CIA World Factbook - Economic overview
IMF Statistics:
| Subject descriptor | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
|
Gross domestic product, constant prices Percent change (Units) |
12.534 |
3.998 |
3.500 |
3.600 |
3.740 |
|
Gross domestic product, current prices Percent change (Billions) |
28.490 |
31.716 |
34.886 |
37.355 |
39.624 |
|
Gross domestic product per capita, current prices Percent change (Units) |
2,816.187 |
3,080.948 |
3,330.339 |
3,504.502 |
3,653.202 |
|
Inflation, average consumer prices Percent change (Units) |
4.481 |
9.090 |
6.663 |
4.390 |
4.147 |
|
Volume of imports of goods and services Percent change (Units) |
22.325 |
4.147 |
-3.314 |
4.604 |
4.384 |
|
Volume of exports of goods and services Percent change (Units) |
22.464 |
0.200 |
-4.064 |
2.112 |
2.911 |
|
Unemployment rate Percent change (Units) |
8.569 |
8.900 |
8.082 |
8.005 |
8.000 |
|
Current account balance Percent change (Billions) |
-1.528 |
-2.083 |
-1.390 |
-1.603 |
-1.638 |
|
Current account balance Percent change (Units) |
-5.362 |
-6.568 |
-3.985 |
-4.290 |
-4.135 |
Estimates
Source: IMF Statistics - Honduras
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
None
Air Services agreement
None
Source: Administration des contributions directes
Informations supplémentaires
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact point in Honduras
Honorary Consul
Honorary consul with jurisdiction over Honduras: Mr Henry David KAFIE
Calle entre final Avenida los Proceres y
Bvd Morazan
Barrio Sabangrande
P.O. Box 434
Tegucigalpa
Honduras
Tel.: (+504) 221 02 20, (+504) 221 03 08
E-Mail: kh@excosa.com
Source: Ministry of Foreign Affairs Luxembourg
Country risk as defined by Office du Ducroire for Honduras
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Honduras