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Indicators of economy in Honduras

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Honduras reached 2.389 US dollars per inhabitant, or 23.66 bn US Dollar in the whole country. Honduras is one of the smaller economies and is currently ranked 107. If this is calculated per inhabitant taking into account the purchasing power parity, then Honduras is in the list of the world's richest countries in place 139.

Inflation in Honduras was in 2021 at around 4.48%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 52.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Honduras

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Honduras 2020. Overall, gross domestic product in 2020 fell from 24.92 billion US Dollar auf 23.66 billion US Dollar. With a drop of 5.0 percent, the economy in Honduras suffered more significant losses than other countries.. The tourism sector alone slumped by around 66 percent. The unemployment rate rose from 5.7 to 8.4 percent. The inflation rate has fallen from 4.4 percent previously to 3.5 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Honduras
Total
Honduras
per capita
EU
Total
EU
per capita
GDP23.66 bn USD2,389.01 USD15,291.93 tn USD29,692.11 USD
Gross national product21.59 bn USD2,180.24 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Honduras
Total
Honduras
per capita
EU
Total
EU
per capita
Imports9.95 bn USD1,004.16 USD7,340.01 bn USD14,251.98 USD
Exports6.25 bn USD631.30 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1974 - 2020

Exports
Imports



Honduras: AirportsThe 6 airports in HondurasThe 6 biggest airports in Honduras with further information on airlines and destinations
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