Business in Honduras: economic snapshot February 2018 | finder.com

ECONOMIC SNAPSHOT
HONDURAS

Internal perspective

While experts predict a favorable economic outlook for Honduras, the country faces major challenges that include extreme poverty and a vulnerability to external shocks and natural disasters, like hurricanes and drought. To mitigate these challenges, targeted social programs are working to potentially lower poverty rates and increase the quality of the country’s education system.

Population

8.4 million in 2015

Internet users

17.8% in 2013

Gross domestic product (GDP)

  • $20.42 billion in 2015

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 3.6% in 2015
  • 3.1% in 2014
  • 2.8% in 2013

Trends and outlooks

  • Moderate recovery from 2008 global economic crisis driven by public investments, exports and higher US remittances.
  • Economy expected to grow by 3.6 percent supported by agriculture, construction and favorable monetary policy.

Economic challenges

  • Highest level of economic inequality in Latin America
  • One of the world’s highest homicide rates
  • Lost revenue in agricultural sector due to the low export prices of bananas and coffee

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