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Indicators of economy in Honduras

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Honduras, on the other hand, reached USD 2,772 per capita, or 28.49 billion USD for the whole country. Honduras is therefore currently ranked 103 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Honduras ranks 137th in the list of the richest countries.

Inflation in Honduras in 2021 was around 4.48%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 52.0 percent lower.
The index for perceived corruption in the public sector is 23, which is rather poor by global standards.


Back to overview: Honduras

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Honduras 2020. Overall, gross domestic product in 2020 fell from 25.09 billion US dollars to 23.83 billion US dollars. 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 fell from 4.4 percent previously to 3.5 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Honduras
Total
Honduras
per capita
EU
Total
EU
per capita
GDP28.49 bn USD2,771.72 USD17.177 tn USD33,384.92 USD
Gross national product25.54 bn USD2,485.05 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Honduras
Total
Honduras
per capita
EU
Total
EU
per capita
Imports14.49 bn USD1,410.23 USD8.916 tn USD17,329.02 USD
Exports7.79 bn USD757.50 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1974 - 2021

Exports
Imports



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