HondurasChapitres
Honduras has the potential to accelerate its economy in an inclusive and resilient manner due to its strategic location, solid industrial base, ample productive resources and young and growing population.
Honduras has made progress in reducing poverty, although it still ranks as one of the poorest and most unequal countries in Latin America and the Caribbean. Poverty, at a threshold of US$6.85 per capita per day (2017 PPP), is estimated to reach 51.9 percent of the population in 2023, down slightly from 52.4 percent in 2022. However, this percentage is above the levels observed before the COVID-19 pandemic. Moreover, poverty under the US$2.15 threshold remains high, at an estimated 14.1 percent.
In order to create more opportunities for the Honduran population, especially the most vulnerable, higher economic growth must be fostered, productivity and competitiveness increased, and inclusion promoted by improving access to quality services and jobs. At the same time, institutional reforms are needed in critical areas, such as the sustainability of the energy sector, governance, and the business environment.
Source: The World Bank
Indicateurs clés
- Surface
- 112,090 km2
- Population
- 10,644,851 (2023)
- Type de gouvernement
- presidential republic
- Langues
- Spanish (official), Amerindian dialects
- PIB
- $34.4 billion (2023)
- Taux de croissance
- 3.6% (2023)
- HDI
- N/A
- Capitale
- Tegucigalpa
Indicateurs macroéconomiques
The real GDP of the Honduran economy grew by approximately 3.6 percent in 2023, reflecting a deceleration when compared to the 4 percent recorded in 2022. This reduced growth is partially attributable to the decline in the demand for textiles in the United States. The sustained growth of remittances and credit supported household consumption and investment, partially offsetting the decline in exports.
The deceleration in GDP growth is projected to continue in the near future, with rates of 3.5 percent in 2024 and 3.4 percent in 2025, as slower growth in the United States will delay the recovery of manufacturing exports and slow down the growth rate of remittance inflows. In addition, expected reduced yield on key crops will also hinder exports. GDP growth is expected to strengthen gradually from 2026 onwards, supported by more favorable global conditions and dynamic public and private investment.
In 2022, the inflation rate reached 9.1 percent, the highest since 2008, due to the strong impact of rising global food and fuel commodity prices, while the monetary authorities did not raise the key monetary policy interest rate. However, inflation has declined since February 2023 and stood at 5 percent in August 2024, 0.7 percentage points lower than the previous year and within the central bank’s tolerance range. The decrease was driven by declining international food and fuel prices and supported by liquidity absorption measures instituted by the central bank.
Source: The World Bank
IMF Statistics:
| Subject descriptor | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
|
Gross domestic product, constant prices Percent change (Units) |
12.565 |
4.144 |
3.583 |
3.600 |
3.500 |
|
Gross domestic product, current prices U.S. dollars (Billions) |
27.950 |
31.233 |
34.229 |
36.735 |
38.983 |
|
Gross domestic product per capita, current prices U.S. dollars (Units) |
2,762.804 |
3,033.970 |
3,267.648 |
3,446.298 |
3,594.081 |
|
Inflation, average consumer prices Percent change (Units) |
4.481 |
9.090 |
6.663 |
4.595 |
4.598 |
|
Volume of imports of goods and services Percent change (Units) |
19.312 |
1.397 |
8.001 |
3.928 |
5.755 |
|
Volume of exports of goods and services Percent change (Units) |
17.046 |
-3.612 |
8.769 |
-0.840 |
4.439 |
|
Unemployment rate Percent of total labor force (Units) |
8.569 |
8.900 |
8.082 |
8.005 |
8.000 |
|
Current account balance U.S. dollars (Billions) |
-1.538 |
-2.063 |
-1.335 |
-1.929 |
-1.974 |
|
Current account balance Percent of GDP (Units) |
-5.502 |
-6.606 |
-3.899 |
-5.252 |
-5.064 |
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
Tegucigalpa
Mr Henry David KAFIE
Honorary consul with jurisdiction over Honduras:
Calle entre final Avenida los Proceres y
Bvd Morazan
100 metros al Este de Key Mart
Edificio Dromeinter S.A.
P.O. Box 434
Tegucigalpa
Honduras
Tel.: (+504) 221 02 20, (+504) 221 03 08
E-Mail: tegucigalpa@consul-hon.lu
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