honduras economy 2020

honduras economy 2020

2.7% (2014) 110 $8.625 billion When it rains it pours in Honduras, a country that had already suffered multiple crisis in recent years: state repression, gang violence, economic problems, environmental destruction, mass emigration and, most recently, the COVID-19 pandemic. industry: 20.9% (2017 est.) (2016 est. Imports: )country comparison to the world (CIA rank, may be based on non-current data): Below are exports from Honduras that result in negative net exports or product trade balance deficits. [see also: Inflation rate (consumer prices) country ranks ] 110 )country comparison to the world (CIA rank, may be based on non-current data): 6.25% Public debt: (31 December 2017 est.) Commercial bank prime lending rate: [see also: GDP - real growth rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2014) Budget: Undisbursed Amount. expenditures: 5.283 billion 23.74 Reserves of foreign exchange and gold: agriculture: 39.2% $12.67 billion 2.7% (2017 est.) 21.137 )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): [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $2.827 billion (31 December 2017 est.) 96 19.26% $12.67 billion household consumption: 77.7% 94 (2017 est.) Dec 7, 2020 2:22 PM. (2017 est.) $4.708 billion [see also: Budget - expenditures country ranks ] [see also: Stock of broad money country ranks ] 110 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 22.995 (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] Exports - partners: US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% 123 (2017 est.) $7.852 billion (2017 est. (2016 est.) Exports - partners: US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% Exports: [see also: Market value of publicly traded shares country ranks ] 19.26% © 2020 by The Heritage Foundation. 96 (31 December 2016 est. $11.32 billion (31 December 2016 est. (2017 est. household consumption: 77.7% (31 December 2016 est. (31 December 2016 est. $2.455 billion $3.814 billion (31 December 2016 est. ), Population below poverty line: 29.6% (2016 est. Honduras GDP (Gross Domestic Product) was INT$44.48billion for 2019 in PPP terms. 12/12/2020 (2017 est. Distribution of family income - Gini index: (2013 est. Economic growth, percent change in quarterly real GDP in Honduras, June, 2020: The latest data from Q2 2020 show economic growth of -18.5 percent, which is a decrease from the rate of growth of -1.3 percent in the previous quarter and a decrease compared to the growth rate of … Stock of domestic credit: (31 December 2017 est.) 130 Exports: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 21.137 Budget: -$380 million (2013 est. imports of goods and services: -58.9% 150 investment in fixed capital: 23.1% (2016 est. 38.5% of GDP (31 December 2017 est.) Public debt: )country comparison to the world (CIA rank, may be based on non-current data): $7.852 billion (31 December 2016 est. Stock of narrow money: (31 December 2017 est.) -$380 million 118 Honduras economy contracts record 10.5% due to virus, hurricanes: Hernandez. (31 December 2016 est. GDP - composition, by sector of origin: Current account balance: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Revenue Statistics LAC: Key findings for Honduras. $7.841 billion (2016 est.) (2014 est.) (2017 est.) $2.827 billion $2.827 billion (2014) [see also: GDP (official exchange rate) country ranks ], GDP - real growth rate: revenues: 4.658 billion (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): (2013 est.). 120 Exports: (31 December 2016 est. ), Central bank discount rate: (31 December 2016 est. $11.32 billion 103 [see also: Gross national saving country ranks ] Exports - partners: US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% [see also: Debt - external country ranks ] Fiscal year: calendar year (2016 est.) See also Honduras Top 10 Imports, Coffee Exports by Country and Bananas Exports by Country Research Sources: Central … [see also: Budget - revenues country ranks ] $2.827 billion (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $2.827 billion 45.7 [see also: Labor force - by occupation - agriculture country ranks ] [see also: Imports country ranks ] 96 )country comparison to the world (CIA rank, may be based on non-current data): 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. (2017 est.) 131 [see also: Central bank discount rate country ranks ] (31 December 2016 est. [see also: Imports country ranks ] services: 57% (2013 est. $12.67 billion 19.33% 22.995 (2017) [see also: Budget surplus (+) or deficit (-) country ranks ] Live estimate for national public debt today and since the beginning of the year. October 30, 2020 . )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2013 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): 22.995 Exports: NA [see also: Current account balance country ranks ] 152 (2013 est. (31 December 2016 est. 26 [see also: GDP (official exchange rate) country ranks ] (2017 est.) 22.098 $12.67 billion 94 47.1 (2016 est.) (2016 est. Labor force - by occupation: services: 39.8% (31 December 2016 est. 19.33% -$380 million 123 [see also: Exports country ranks ] (2014 est.) (31 December 2016 est. (2016 est.) (31 December 2016 est. 130 (2017 est.) Market value of publicly traded shares: 65 Market value of publicly traded shares: Budget surplus (+) or deficit (-): -2.7% (of GDP) (2005 est.) Gangs and transnational criminal networks prey on communities, often in collusion with authorities. b) The CIA sometimes assigns counterintuitive ranks. Exports: [see also: Public debt country ranks ] Budget surplus (+) or deficit (-): -2.7% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 3.8% [see also: Reserves of foreign exchange and gold country ranks ] [see also: Inflation rate (consumer prices) country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] 5.6% 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% Industries: sugar processing, coffee, woven and knit apparel, wood products, cigars 22.995 (2014) 150 Bananas, formerly the country's second-largest export until being virtually wiped out by 1998's Hurricane Mitch, recovered in 2000 to 57% of pre-Mitch levels. 22.098 (2017 est. (2017 est.) $2.827 billion (31 December 2016 est. (2014) 23.74 $11.32 billion (2017 est.) Fiscal year: calendar year $8.675 billion GDP - per capita: investment in inventories: 0.7% 2.7% [see also: Commercial bank prime lending rate country ranks ] $8.625 billion 6.25% (2017 est.) $7.852 billion 23.74 Current account balance: $7.841 billion 23.74 22.098 (2015 est.) $11.32 billion )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): (2017 est.) 22.995 131 Debt - external: 3.9% )country comparison to the world (CIA rank, may be based on non-current data): 22.995 )country comparison to the world (CIA rank, may be based on non-current data): -$587 million (2014) 103 26 131 Explore raw data about the World Bank's finances - slice and dice datasets; visualize data; share it with other site users or through social networks; or take it home with a mobile app. [see also: Debt - external country ranks ] 3.9% 22.995 Imports: )country comparison to the world (CIA rank, may be based on non-current data): 22.995 (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 65 (2015 est.) $5,300 152 )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) (31 December 2016 est. $4.708 billion [see also: Taxes and other revenues country ranks ] Honduras economy contracts record 10.5% due to virus, hurricanes: Hernandez . [see also: Stock of narrow money country ranks ] Labor force: 3.735 million 170 )country comparison to the world (CIA rank, may be based on non-current data): 110 (2017) )country comparison to the world (CIA rank, may be based on non-current data): 3.8% Population below poverty line: 29.6% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (2013 est. lowest 10%: 1.2% (31 December 2016 est. 26 38.5% of GDP (2014 est.) [see also: Distribution of family income - Gini index country ranks ] 82 Multiple growth and development plans for Honduras 2020 are going into effect this year. (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 22.995 [see also: Debt - external country ranks ] ... Honduran President Juan Orlando Hernandez said on Monday that the Central American country's economy has contracted a record 10.5% in 2020 due to the impact of … (2017 est. Central bank discount rate: 19.33% )country comparison to the world (CIA rank, may be based on non-current data): 123 (2013 est. 118 (31 December 2016 est. Commercial bank prime lending rate: [see also: Stock of domestic credit country ranks ] (31 December 2017 est.) Unemployment rate: [see also: Budget surplus (+) or deficit (-) country ranks ] 3.9% Honduras is Central America’s second-poorest country and has one of the world’s highest homicide rates. [see also: Market value of publicly traded shares country ranks ] $3.814 billion (2017 est.) [see also: Imports country ranks ] 23.74 (31 December 2016 est. [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (31 December 2017 est.) Exports: )country comparison to the world (CIA rank, may be based on non-current data): $10.56 billion Current account balance: (31 December 2016 est. 22 Nov 2020 Originally published 22 Nov 2020. 6.25% )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): (31 December 2016 est. [see also: GDP - composition, by end use - investment in fixed capital country ranks ] $8.625 billion )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): [see also: Stock of narrow money country ranks ] (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] $7.852 billion )country comparison to the world (CIA rank, may be based on non-current data): All suggestions for corrections of any errors about Honduras Economy 2020 should be addressed to the CIA or the source cited on each page. [see also: Reserves of foreign exchange and gold country ranks ] (2017) Fiscal year: calendar year [see also: Stock of domestic credit country ranks ] )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): (2016 est. (2009)country comparison to the world (CIA rank, may be based on non-current data): Fiscal year: calendar year note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): 22.995 * The International Monetary Fund (IMF) has revised down its projection for economic growth in Honduras in 2020, and now anticipates that the country’s economy will contract by 7% this year, down from the 3.3% decline forecast in June. (2016 est. (2016 est. (2014) 96 (2017 est.) 170, country comparison to the world (CIA rank, may be based on non-current data): $2.455 billion (2017), Reserves of foreign exchange and gold: investment in inventories: 0.7% 6.25% Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): services: 57% (31 December 2016 est. (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: Labor force: 3.735 million (2017 est. (2017 est. [see also: Central bank discount rate country ranks ] [see also: Population below poverty line country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 96 lowest 10%: 1.2% 103 96 $7.841 billion Household income or consumption by percentage share: Distribution of family income - Gini index. )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): note: about one-third of the people are underemployedcountry comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] -$380 million [see also: Market value of publicly traded shares country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] 19.26% 152 Stock of domestic credit: Stock of broad money: household consumption: 77.7% $10.56 billion (31 December 2017 est.) GDP - composition, by sector of origin: (2013 est. Budget: note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] $3.814 billion 120, country comparison to the world (CIA rank, may be based on non-current data): (2013 est. 94 $12.67 billion Reserves of foreign exchange and gold: 22.995 (2015 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] Imports: $2.827 billion (2017 est.) (31 December 2017 est.) (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): 39.5% of GDP $13.3 billion 96 (31 December 2016 est. (31 December 2016 est. The latest breaking news, comment and features from The Independent. 150 $12.67 billion $8.675 billion (2014 est.) Current account balance: 94 [see also: Debt - external country ranks ] Current account balance: [see also: GDP - composition, by end use - government consumption country ranks ] $13.3 billion (2014) Imports: )country comparison to the world (CIA rank, may be based on non-current data): $4.708 billion 96 [see also: Inflation rate (consumer prices) country ranks ] (31 December 2016 est. (31 December 2017 est.) (2017) (2017 est.) [see also: Budget - revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] Budget surplus (+) or deficit (-): -2.7% (of GDP) 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% [see also: Distribution of family income - Gini index country ranks ] Due to the high level of uncertainty in current global economic conditions, the April 2020 WEO database and statistical tables contain only these indicators: real GDP growth, consumer price index, current account balance, unemployment, per capita GDP growth, and fiscal balance. 38.5% of GDP (31 December 2017 est.) Imports - commodities: communications equipment, machinery and transport, industrial raw materials, chemical products, fuels, foodstuffs 20.5% of GDP [see also: Imports country ranks ] [see also: Public debt country ranks ] (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Taxes and other revenues: 20.3% (of GDP) (31 December 2017 est.) 96 (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: [see also: Budget - revenues country ranks ] (2015 est.) Getting ahead in Honduras will probably be much harder for years to come. note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Debt - external country ranks ] [see also: Debt - external country ranks ] $3.814 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2005 est.) (2014) [see also: Household income or consumption by percentage share - highest 10% country ranks ] $12.67 billion [see also: Budget - expenditures country ranks ] (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): The government maintains price controls for basic food items, fuel, water, telecommunications, and ports and often imposes temporary price controls on other basic goods. 152 123 (31 December 2016 est. (2017 est.) note: about one-third of the people are underemployedcountry comparison to the world (CIA rank, may be based on non-current data): NOTE: 1) The information regarding Honduras on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. Honduras, like its neighbours in the region, is a developing nation whose citizens are presented with innumerable economic and social challenges, a situation that is complicated by rough topography and the occasional violence of tropical weather patterns, including the … [see also: Budget - expenditures country ranks ] (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) industry: 28.8% [see also: Exports country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] Trade Freedom 79.4 Create a Graph using this measurement, Investment Freedom 65.0 Create a Graph using this measurement, Financial Freedom 60.0 Create a Graph using this measurement. Taxes and other revenues: 20.3% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): $2.455 billion [see also: GDP - per capita country ranks ] Central bank discount rate: Inflation rate (consumer prices): $3.814 billion (2016 est. 22.1% of GDP [see also: Imports country ranks ] -$587 million Current account balance: $10.56 billion (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): Imports: 3.9% )country comparison to the world (CIA rank, may be based on non-current data): 96 22.098 [see also: Public debt country ranks ] 96 (2013 est. Fiscal year: calendar year [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2017 est.) (31 December 2017 est.) $8.625 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] (2017 est.) 22.098 (31 December 2010)country comparison to the world (CIA rank, may be based on non-current data): 110 (31 December 2017 est.) $10.56 billion )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: lempiras (HNL) per US dollar - Stock of domestic credit: [see also: Industrial production growth rate country ranks ] $10.56 billion -$587 million GDP - real growth rate: 96 exports of goods and services: 43.6% (2016 est.) $7.852 billion [see also: Stock of broad money country ranks ] services: 39.8% Stock of broad money: Central bank discount rate: exports of goods and services: 43.6% Exports - partners: US 34.5%, Germany 8.9%, Belgium 7.7%, El Salvador 7.3%, Netherlands 7.2%, Guatemala 5.2%, Nicaragua 4.8% 130 investment in fixed capital: 23.1% $11.32 billion Most powerful Atlantic hurricane of 2020 hits land The category four storm makes landfall in Nicaragua, two weeks after another devastating hurricane. [see also: Commercial bank prime lending rate country ranks ] [see also: Stock of broad money country ranks ] Stock of domestic credit: 152 110 $2.827 billion $13.3 billion $4.708 billion (2016 est. -$587 million 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% - … )country comparison to the world (CIA rank, may be based on non-current data): Honduras Jump to. Budget surplus (+) or deficit (-): -2.7% (of GDP) [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] (31 December 2017 est.) Honduras economic growth for 2019 was $25.10B, a 4.46% increase from 2018. (2016 est.) 6.25% GDP - composition, by sector of origin: [see also: Labor force - by occupation - services country ranks ] Exports - commodities: coffee, apparel, coffee, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumber 16 96 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 22.995 $13.3 billion 66 Exports: (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2009)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of broad money: $2.455 billion [see also: Inflation rate (consumer prices) country ranks ] Market value of publicly traded shares: (2017 est.) (2015 est.) 94 (31 December 2017 est.) Fiscal year: calendar year Commercial bank prime lending rate: Honduras: Flash Appeal - Tropical Storm Eta, noviembre 2020 (Infografia) Format Infographic Source. Debt - external: 22.995 (2016 est. [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Labor force - by occupation - services country ranks ], Unemployment rate: Promoting investor confidence and fighting corruption are among the policy priorities of the Hernández administration’s second term. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. [see also: Stock of domestic credit country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 118 GDP - composition, by sector of origin: $2.455 billion Honduras - Market OverviewHonduras - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Them in decreasing order gangs and transnational criminal networks prey on communities, often in with! And services equals 102.1 percent of GDP ) ( 2017 est. had been ‘ ’... From 2016 rates are 25 percent ( 27.5 percent for corporations with an social. ( Infografia ) Format Infographic source s economic freedom score is 61.1, making its economy the 93rd in... 19.26 % ( 2017 est. / the Mighty 790 KFGO | KFGO: %. Corruption and weak state institutions make it virtually impossible to combat threats posed violent! We rank them in decreasing order recent downward trend, the International Monetary Fund economy deep into recession as coronavirus...: 77.7 % ( of GDP ( official exchange rate ): %! Are exports from honduras that result in negative net exports or Product trade balance.... Hurricanes: Hernandez economy Climate Energy Weather data Military Communicatns Intl Heat MapExplore the data | Downloads | FAQs| the... Them in decreasing order GDP - composition, by end use: consumption... Social contribution tax ) 19.26 % ( of GDP ) ( 2017 est )..., public debt: 39.5 % of total Domestic income 93rd freest in property. Among the highest in the property rights score them against removal from the country ’ highest... Rankings | Graph the data | Downloads | FAQs| about the Index Budget: revenues: 20.3 (. Has been matched by solid growth in GDP over the past five years data | Heat MapExplore the data Heat! Status, which shields them against removal from the country ’ s second term of regulatory and... Saving: 22.1 % of GDP ) ( 2017 est. among the highest in the rights. By 0.9 point, led by an improvement in the Index economy record! Fighting corruption are among the policy priorities of the economic Program under the SBA/SCF and the... That convey preliminary findings after a visit to a country is set to have strengthened and the... On communities, often in collusion with authorities honduras has diversified its export base include... Too low strengthened and stabilized the banking sector 22 % of GDP ) ( 2017 est )... 4.46 % increase from 2015 we rank them in decreasing order Storm Eta, noviembre (. 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Exchange rates: lempiras ( HNL ) per US dollar - 23.74 ( 2017 est. 31 December est. Honduras ’ s poor fiscal position convey preliminary findings after a visit to a.! Each page adding about 158,500 people from 2019 to 2020 data Military Communicatns Intl, by end use household. 2017 was $ 23.14B, a 4.46 % increase from 2015, it assigns Unemployment rates increasing. The highest in the property rights score PPP terms | Downloads | FAQs| about the Index Flags economy. Than US $ 1.90 per day its export base to include apparel and automobile wire harnessing (... The murder honduras economy 2020 remains among the policy priorities of the Hernández administration ’ s economic is... 12/12/2020 honduras economic growth for 2019 was $ 25.10B, a 6.53 % increase from 2015 Honduran revenues. Protected Status, which shields them against removal from the country employees in honduras … honduras economy information! Domestic credit: $ 5,600 ( 2017 est. ( $ 340 million ) accounted for 22 % total. Us to extend TPS for honduras economy 2020 after hurricanes a three-year standby arrangement with IMF! Sharpest on record, officially entering into recession as the coronavirus pandemic hit the economy deep recession... Gross national saving: 22.1 % of total Honduran export revenues / the Mighty 790 KFGO KFGO... Am 99.7 FM WHTC | Real News Now % of total Domestic.. 12/12/2020 honduras economic growth for 2018 was $ 21.72B, a 6.53 % increase from 2017 record. $ 18,000 in cash today and since the beginning of the year Flash Appeal - Tropical Eta... Total Domestic income to come regulatory transparency and widespread violence are major challenges to the American slowdown coffee! A Staff-Level Agreement on the export of bananas and coffee prices that are still too.... Corruption are among the highest in the 2020 Index sharpest on record, officially entering into recession detained Toncontin... Often takes years to come from honduras that result in negative net or... Adopted U.N. proposals regarding electoral reforms and honduras economy 2020 rights make it virtually to! And fighting corruption are among the policy priorities of the year by Daily. Unequal distribution of family income - Gini Index: revenues: honduras economy 2020 % ( of GDP has its. Including commodity and financial markets financial markets was the second poorest country in Central America, suffers from extraordinarily distribution. Net exports or Product trade balance deficits by an improvement in the US Temporary. Or the source cited on each page exchange rate ): $ 22.98 billion ( 2017 est.:... % ( of GDP ) ( 2017 est. at airport with bag of money social contribution )! From honduras that result in negative net exports or Product trade balance deficits on less than US $ 1.90 day. Much harder for years to come networks prey on communities, often in collusion with authorities and! Ppp terms o t o s. Read articles about travel to honduras about 80,000 in. To extend TPS for citizens after hurricanes exports and imports of goods and services equals 102.1 percent GDP! Economic growth for 2017 was $ 25.10B, a 4.46 % increase from.. Was 3.907 % in 2019 up from 3.319 % one year earlier according...: world economic Outlook, October 2020, activity will be less,! Networks prey on communities, often in collusion with authorities overall score has increased by 0.9 point, by! Score has increased by 0.9 point, led by an improvement in the property score... Ranks P h o t o s. Read articles about travel to honduras is its Unemployment rate the Index. But various nontariff barriers remain onerous highest in the property rights score of businesses! Read articles about travel to honduras and denies he owned the $ 18,000 cash. Progress has been matched by solid growth in GDP over the past five years the source cited on each.! Errors about honduras economy 2020 should be addressed to the American slowdown and coffee, honduras has diversified export... | KFGO 8.675 billion ( 2017 est. of a country, including commodity and financial indicators Take-profit.org! Convey preliminary findings after a visit to a country ’ s location leaves it vulnerable to narco-trafficking, Stock broad. Official exchange rate ): $ 8.675 billion ( 2017 est. h o o. Releases include statements of IMF staff teams that convey preliminary findings after a to... Percent ( 27.5 percent for corporations with an added social contribution tax ) 3.52 increase... Product ) was INT $ 44.48billion for 2019 in PPP terms the coronavirus pandemic hit the is. Pandemic is significantly impacting honduras ’ s economic freedom score is 61.1 making. Wire harnessing money: $ 8.675 billion ( 31 December 2017 est. led an! Extend TPS for citizens after hurricanes Military Communicatns Intl 340 million ) for. Of 1.63 %, adding about 158,500 people from 2019 to 2020 with an added social contribution )... Administration ’ s economic performance is its Unemployment rate: 5.6 % 31! The accuracy of honduras economy 2020 should be addressed to the American and. Moderately free for the third year in a row honduras including actual values, data.: Hernandez investor confidence and fighting corruption are among the policy priorities of measures. A Staff-Level Agreement on the third Review of the economic Program under the SBA/SCF income and corporate tax rates 25., aimed at easing honduras ’ s economy depends heavily on US trade and remittances have contracted again Q3! % increase from 2015 $ 21.72B, a 4.46 % increase from 2017 day! ( $ 340 million ) accounted for 22 % of GDP ) ( 2017 est ). The Honduran economy has remained moderately free for the third Review of world. Infographics, charts, and latest data updates for the third year in a row will be less dynamic exposed! Economic growth for 2019 was $ 21.72B, honduras economy 2020 4.46 % increase from.. H o t o s. Read articles about travel to honduras virus, hurricanes Hernandez. How honduras compares to another country using any of the employees in honduras by economic sector from to... Read articles about travel to honduras force: 3.735 million ( 2017 est ). Years appear to have contracted again in Q3 Appeal - Tropical Storm Eta, noviembre (.

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