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Honduras
| Economy Overview |
| Honduras, one of the poorest countries in the Western Hemisphere with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade under the U.S.-Central America Free Trade Agreement (CAFTA) and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. The country has met most of its macroeconomic targets, and began a three-year IMF Poverty Reduction and Growth Facility (PGRF) program in February 2004. Growth remains dependent on the economy of the US, its largest trading partner, on commodity prices, particularly coffee, and on reduction of the high crime rate. |
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| Economy Statistics |
| Exports: |
$1.457 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
coffee, shrimp, bananas, gold, palm oil, fruit, lobster, lumber [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
US 54.4%, El Salvador 8.1%, Germany 5.9%, Guatemala 5.4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$3.332 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and transport equipment, industrial raw materials, chemical products, fuels, foodstuffs (2000) [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
US 37.5%, Guatemala 6.9%, Mexico 5.4%, Costa Rica 4.3%, El Salvador 4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Honduran-American Chamber of Commerce |
| Address: |
Hotel Honduras Maya
Apartado Postal 1838
Tegucigalpa, Honduras |
| Phone: |
(504) 232-6035 |
| Fax: |
(504) 232-2031 |
| Website: |
http://www.amchamhonduras.org/ |
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