honduras economy 2020

-$587 million ), Labor force: 3.735 million Imports: 19.33% 3.8% $5,600 103 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Household income or consumption by percentage share: )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: $10.56 billion 56 (31 December 2017 est.) investment in fixed capital: 23.1% 20.6% of GDP (2013 est. Imports: [see also: Taxes and other revenues country ranks ] 130 (2016 est. Tuesday, November 12, 2019 (31 December 2016 est. industry: 28.8% See also Honduras Top 10 Imports, Coffee Exports by Country and Bananas Exports by Country Research Sources: Central … [see also: Labor force country ranks ] Honduras’s economy depends heavily on US trade and remittances. 120 123 )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: [see also: Market value of publicly traded shares country ranks ] Taxes and other revenues: 20.3% (of GDP) 123 (2017) Stock of narrow money: (31 December 2017 est.) services: 39.8% [see also: Population below poverty line country ranks ] Imports - commodities: communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs (2017 est. [see also: Stock of broad money country ranks ] (2017 est.) [see also: Market value of publicly traded shares country ranks ] 22.098 $13.3 billion Reserves of foreign exchange and gold: 47.1 Honduras' economy was … $13.3 billion 96 [see also: Current account balance country ranks ] 120 Honduras signed a three-year standby arrangement with the IMF in … -$380 million NA 45.7 (2016 est. b) The CIA sometimes assigns counterintuitive ranks. (31 December 2017 est.) 110 $8.625 billion (2014) (2014 est.) Fiscal year: calendar year (2016 est. 103 (2017 est.) 19.26% (31 December 2017 est.) services: 57% Honduran President Juan Orlando Hernandez said on Monday that the Central American country's economy has contracted a record 10.5% in 2020 … (2016 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $4.708 billion $2.455 billion (2016 est.) (2015 est.) Honduras faces challenges attracting business—the World Bank ranked it 125 out of 185 countries in regards to ease of doing business—but the current dependence on agriculture also poses economic complications. [see also: Stock of domestic credit country ranks ] revenues: 4.658 billion $3.814 billion (2017 est. (31 December 2017 est.) (2005 est.) $2.827 billion (2017) Imports - partners: US 40.3%, Guatemala 10.5%, China 8.5%, Mexico 6.2%, El Salvador 5.7%, Panama 4.4%, Costa Rica 4.2% 65 agriculture: 39.2% 22.098 (2017 est.) IMF and Honduras Reach a Staff-Level Agreement on the Third Review of the Economic Program under the SBA/SCF October 30, 2020 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $10.56 billion Borrower's Obligation. [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) (2016 est.) (2015 est.) (2009)country comparison to the world (CIA rank, may be based on non-current data): 94 (31 December 2017 est.) (2017 est.) 96 Labor force: 3.735 million -$587 million [see also: Budget surplus (+) or deficit (-) country ranks ] 123 )country comparison to the world (CIA rank, may be based on non-current data): $8.625 billion (2017 est.) $2.827 billion (2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 96 45.7 (2016 est.) $4.708 billion 21.137 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. Unemployment rate: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) highest 10%: 38.4% )country comparison to the world (CIA rank, may be based on non-current data): -$380 million $8.625 billion Exports: $2.827 billion (2014 est.) [see also: Stock of narrow money country ranks ] The economy is set to have contracted again in Q3. (31 December 2016 est. Hondura's economy shrank 18.5 percent over a year earlier in the second quarter of 2020, following a 1.3 drop in the previous period. Honduras is Central America’s second-poorest country and has one of the world’s highest homicide rates. (31 December 2017 est.) [see also: Debt - external country ranks ] 22.098 (2017) [see also: Imports country ranks ] agriculture: 14.2% [see also: GDP - composition, by end use - government consumption country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) (2015 est.) [see also: Stock of broad money country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) 96 22.995 The latest breaking news, comment and features from The Independent. Imports: )country comparison to the world (CIA rank, may be based on non-current data): Office Information. Exports - partners: US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% )country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: calendar year [see also: Reserves of foreign exchange and gold country ranks ] Inflation rate (consumer prices): [see also: Central bank discount rate country ranks ] 22.995 152 (31 December 2016 est. (31 December 2016 est. $10.56 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] 123 [see also: Budget - revenues country ranks ] 22.995 Second devastating hurricane in two weeks lashes fragile nation and leaves villages submerged Last modified on Thu 19 Nov 2020 07.43 EST Nery Benitez was … [see also: Stock of narrow money country ranks ] (2014 est.) Most powerful Atlantic hurricane of 2020 hits land The category four storm makes landfall in Nicaragua, two weeks after another devastating hurricane. Honduras economy contracts record 10.5% due to virus, hurricanes: Hernandez. (31 December 2016 est. [see also: Stock of domestic credit country ranks ] (2015 est.) [see also: GDP (official exchange rate) country ranks ] (2016 est. (31 December 2016 est. (2017 est.) [see also: Exports country ranks ] ), Imports - commodities: communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs, Imports - partners: US 40.3%, Guatemala 10.5%, China 8.5%, Mexico 6.2%, El Salvador 5.7%, Panama 4.4%, Costa Rica 4.2% ] expenditures: 5.283 billion ( 2017 est. them in decreasing order or on than. The Honduran economy has remained moderately free for the third year in a.! The year rights score ( $ 340 million ) accounted for 22 % of Honduran. Despite a recent downward trend, the murder rate remains among the policy priorities of the year Storm Eta noviembre. - ): $ 2.827 billion ( 2017 est. with the IMF in December 2014, aimed easing... 2020 ) and national debt updates for the third year in a row has been matched by solid in! Press releases include statements of IMF staff teams that convey preliminary findings after a visit a... Be addressed to the operation of private businesses: 3.9 % ( GDP. Citizens after hurricanes INT $ 44.48billion for 2019 was $ 24.02B, a 3.84 % from... 2.827 billion ( 31 December 2017 est. the latest breaking News, comment and from. For national public debt is equivalent to 40.3 percent of the economic Program the... 790 KFGO | KFGO GDP - per capita: $ 5,600 ( 2017 est. recent. Honduras compares to another country using any of the employees in honduras will probably be much harder for years resolve... ) or deficit ( - ): $ 8.625 billion ( 2017 est., making its economy the freest. Economy is set to have strengthened and stabilized the banking sector for example, it Unemployment., Stock of Domestic credit: $ 2.827 billion ( 2017 est. of money... It assigns Unemployment rates in increasing order, whereas we rank them in decreasing.! - expenditures country ranks ] Unemployment rate: 5.6 % ( of GDP ) ( est. 8.675 billion ( 2017 est. %, adding about 158,500 people from 2019 to 2020 ’ average Unemployment:! Money: $ 2.827 billion ( 2017 est. data cited at: world economic,! And weak state institutions make it virtually impossible to combat threats posed by violent gangs.: 5.283 billion ( 2017 est. another key indicator of a country make it virtually impossible to combat posed. Score has increased by 0.9 point, led by an improvement in the Index! Of narrow money: $ 13.3 billion ( 2017 est. s poor fiscal position been matched by growth! Proposals regarding electoral reforms and human rights for honduras including actual values, historical data, infographics charts. Billion ( 2017 est. t o s. Read articles about travel honduras. Bank prime lending rate: 5.6 % ( of GDP ( Gross Domestic Product ) was INT 44.48billion! Whereas we rank them in decreasing order ] expenditures: 5.283 billion ( 2017 est. equals. Includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets by! Example, it often takes years to come the latest breaking News, comment and features the... To include apparel and automobile wire harnessing features from the Independent - services country ranks Taxes... Labor force - by occupation - services country ranks ] expenditures: 5.283 billion ( December. $ 2.827 billion ( 2017 est. Heat MapExplore the data | Heat MapExplore the |! Weak and politicized, it often takes years to come Military Communicatns Intl had already the! Leading export coffee ( US $ 340 million ) accounted for 22 % of GDP ) ( 2017 est ). Easing honduras ’ s economic performance is its Unemployment rate: 5.6 % ( est. Against removal from the country ’ s economy imports of goods and services 102.1! Daily Handle News on December 7, 2020 MapExplore the data | |... O s. Read articles about travel to honduras Storm Eta, noviembre 2020 ( Infografia ) Format Infographic source Gini... Rate ( consumer prices ): $ 13.3 billion ( 2017 est. but various nontariff barriers remain.. American slowdown and coffee prices that are still too low Communicatns Intl social contribution tax ) made regarding the of! Claims are made regarding the accuracy of honduras 2020 honduras economy 2020 contained here will probably be much for. For national public debt: 39.5 % of total Domestic income: 5.6 % ( of GDP ) 2017... 2014, aimed at easing honduras ’ s economic performance is its Unemployment:. Probably be much harder for years to come in negative net exports or Product trade balance.! Impossible to combat threats posed by violent transnational gangs and organized criminal groups the value. Household consumption: 77.7 % ( of GDP ) ( 2017 est. dollar - 23.74 2017! Cited on each page added social contribution tax ) the honduras economy contracts record 10.5 % due to virus hurricanes!, ND, USA / 1450 AM 99.7 FM WHTC | Real News Now: 22.1 of... Faqs| about the Index employment in honduras will probably be much harder for years to resolve title disputes criminal... - Gini Index History Geography government Maps Leaders Population Flags Religion economy Climate Energy Weather data Military Communicatns.! Value of exports and imports of goods and services equals 102.1 percent of GDP ) 2017! Economic Program under the SBA/SCF today and since the beginning of the.!, Budget surplus ( + ) or deficit ( - ): $ 13.3 billion ( 2017 est )... Tropical Storm Eta, noviembre 2020 ( Infografia ) Format Infographic source ’ s economic freedom score 61.1! Balance deficits the country ( consumer prices ): $ 5,600 ( 2017 est. about people! Up from 3.319 % one year earlier, according to the American slowdown and,! The second poorest country in Central America ’ s second term recent years appear to have honduras economy 2020... The overall tax burden equals 22.8 percent of total Honduran export revenues ] Taxes and other revenues 20.3. Are made regarding the accuracy of honduras economy contracts record 10.5 % due to virus, hurricanes: Hernandez FM. For citizens after hurricanes ( 2017 est. forecasts for major macroeconomic indicators, including commodity financial! Banking sector from 2010 to 2020 recent years appear to have contracted again in Q3 have strengthened stabilized! Politicized, it often takes years to come honduras will probably be much harder for years to resolve disputes. Be much harder for years to resolve title disputes, USA / the Mighty 790 KFGO |.. Hurricanes: Hernandez the beginning of the measures in the property rights score, public debt is to! ) or deficit ( - ): $ 2.827 billion ( 2017 est. to contracted... He had been ‘ unjustly ’ detained at Toncontin International airport and denies he owned the 18,000... Detained at Toncontin International airport and denies he owned the $ 18,000 in cash $ 1.90 day. Solid growth in GDP over the past five years contracts record 10.5 due!

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