Honduras/Economy

Economy of Honduras

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon

GDP (USD)

$34.4B(2023)

GDP PPP (USD)

$76.4B(2023)

GDP per Capita (USD)

$3,232(2023)

GDP Growth (inflation-adjusted)

3.6%(2023)

Inflation (CPI Annual %)

4.6%(2024)

Trade & Finance

Coming Soon

Exports (as share of GDP)

37%(2023)

Imports (as share of GDP)

60.9%(2023)

FDI Inflows (as share of GDP)

3.2%(2023)

Remittance Inflow (USD)

$9.0B(2023)

Tax Revenue (as share of GDP)

15.1%(2020)

Labor & Income

Coming Soon

Unemployment Rate

6.1%(2024)

Employment in Services

56.1%(2023)

Poverty Rate

64.1%(2023)

GINI Index

46.8(2023)

GNI per Capita (USD)

$2,890(2023)

Energy & Environment

Coming Soon

Energy Use per Capita

573 kg oil eq.(2022)

Renewable Energy Consumption (%)

45.9%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Honduras

The economic architecture of Honduras is substantial, anchored by a Gross Domestic Product (GDP) of approximately $34.4B
2023
. This places it as the 101st largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $3.23K
2023
, while its GDP in Purchasing Power Parity (PPP) terms is estimated at $76.42B, reflecting the population's domestic purchasing power. The economy demonstrates solid growth, expanding at a rate of 3.6%
2023
, while managing moderate inflation, with a CPI of 4.6%
2024
.
On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 37.0% of GDP and imports at 60.9%
2023
. Foreign Direct Investment (FDI) inflows are significant, constituting 3.16% of the economy
2023
. This performance positions the country 61st globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $8.97B annually
2023
, highlighting the economic importance of its diaspora. Fiscal capacity is moderate, with tax revenue at 15.1% of GDP
2020
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $2,890
2023
. Globally, this ranks the nation 133rd out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 6.1%
2024
. The services sector is a primary driver of the labor market, accounting for 56.1% of total employment
2023
. Poverty remains a key issue, with 64.1% of the population living below the national poverty line
2023
. There is a moderate level of income inequality, with a Gini index of 46.8
2023
.
On the environment and energy front, energy consumption per capita is 573.344 kg of oil equivalent
2022
. The country is a leader in clean energy, with renewable sources making up 45.9% of total final energy consumption
2021
. Its commitment to clean energy places it 137th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

A strong commitment to renewable energy positions the country as a leader in the green transition, potentially creating new economic advantages.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.