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Presentación País
Honduras

General Information
Population : 7.5 Millones
Capital : Tegucigalpa
Currency : Lempira
Currency Exchange Rate : Lps. 19.10 / USD (May ´08)
Language : Spanish
Government : Democratic Constitutional Republic
Airports : 4 International Airports
Ports : 5 (Puerto Cortes, La Ceiba, Puerto Castilla, San Lorenzo y Roatán)
Distance from US : Plane 2hrs.
Boat 2 - 4 days.
Social Performance Indicators
DEMOGRAPHY
 
Population under 18 years (%) 49.9%
Population Growth (%) 2.3%

EDUCATION
 
Literacy (2006)
Years of schooling
82.7%
6.9

LABOR
 
Open Unemployment (2007) 3.1%
Visible Unemployment 6.0%
Invisible Unemployment 30.2%


Economy: Evolution of GDP

Variation %
2004-2005: 4.1
2005-2006: 6.3
2006-2007: 6.3
GDP per Capita (2006): $1,170 Source: World Bank

Economy: GDP by Activity 2007

GDP 2007: 9,51 Lps. Mill

Others %
Community,Social and Personal Services 2
Housing Property 4
Public Administration and Defense 6
Electricity, Gas and Water Distribution 2
Construction 4
Mining 0.4
Restaurants and Hotels 2
Real estate activities 4
Teaching services 5
Health and Social Services 2
TOTAL 33

Commerce: Goods Exports Growth

* Exports Growth US$ BILLIONS (FOB)

2002-2006: 31%
2005-2006: 8%
2006-2007: 11%

Source:BCH
* Apparel Not Included

Commerce: Exports by Commodity

Main Products

Others 24%

Sugar

Soaps and detergents

Plastics

Paper and cardboard

Commerce: Import Growth

Import Growth US$ BILLION (CIF)

% Growth
2002-2006: 45%
2005-2006: 17.4%
2006-2007: 22.6%

Commerce: Main Imports
Commercial Activity
U.S. Dollars
% Total
% Growth 06-07
Consumer Goods
1995.4
29
25.5
Oil and Lubricants

1,304.8

19
19.9
Raw materials and intermediate goods (for agriculture and industry)
1,934.6
28
16.7
Construction materials
244.4
3
-2.4
Capital goods (agriculture, industry, transportation)
1,320.6
19
36.9
Others
183.7
3
28.4
Total
6,983.4
100
22.6
Commerce: Exports by Country
Commodity FOB USD (millions)
Country 2007
USA 782.2
Central America 511.4
Germany 185.9
Mexico 124.8
Belgium 115.6
Spain 71.5
Rest of the World 401
TOTAL 2,192.3

Source: BCH
Commerce: Imports by Country
Country 2007
USA 2,695
Central America 1,509.3
Europe 518.4
Mexico 378.9
Rest of the World 1,881.1
TOTAL 6,983.4

Source: BCH
Foreign Direct Investment (FDI): By Country of Origin 2006 FDI By Country non-apparel
Total USD $489.4 million

2006
$ Million
%
USA
263.3
53
Central America

76.3

16
Rest of America
74.3
15
Europe
56.4
12
Other Countries
19.1
4
Total
489.4
100
Exports of Goods and Services 2007
Exports of Goods and Sercices 2007
Export of Goods 5,594
Exports of Services 750
Remittances 2,561
TOTAL 8,905

Source: BCH
Foreign Investment 2007
TOTAL 2007
USD 814.9 Millions
Apparel
-> USD 280.1 million (34.4%)
Other Activities
-> USD 534.8 million (65.6%)
Millenium Challange Corporation
  • Honduras signed the $ 215 million compact with the MCC on June 13, 2005.
  • The objective is to provide financing to projects that have helped in the fight against poverty (Poverty Reduction Strategy Plan).
  • Main projects are aimed to:
    1. Increase productivity and added value manufacturing in agriculture and,
    2. The improvement of transportation systems from the production sites to the national, regional and international markets.
  • Amount committed: US$ 39.8 millions
  • Amount disbursed: US$ 15.9 millions

www.mca.gov

Puerto Cortés

Puerto Cortes is the main gateway for containers from other Central American countries to USA ports:

  • 24 hour service all year round.
  • 48-72 hours by ship to USA S.E.
  • 4 Caribbean and 1 Pacific Seaport

Certification validated by the IMO and US Coast Guard

  • USA Custom office in Port of Cortés. (CSI: Container Security Initiative)
  • 1st Port of Latin America, considered as Megaport after Brazil and Argentina.
  • CSI MPI Port - Dec.2005, SFI Port-Dec 2007.

www.enp.hn

Investments Areas: Apparel Industry

Honduras is today:

  • No.1 apparel supplier to the US (From the CBI countries)
  • No.1 from the countries of Central America
  • No.4 from the world after Mexico, China and Bangladesh
Investment Areas: Tourism Tourism
  • Service exports for tourism in 2007 were USD 546 million US Dollars.
  • In the Last 5 years the amount of total visitors has had an average growth of 31%. In 2007 Honduras had a total of 1.3 million visitors.
Free Trade Agreements (FTA´s)

Effective

  • Free Trade Agreenebt RD-CAFTA: Since April 1, 2006.
  • Central America and Dominican Republic:
    Since December 19, 2001.
  • El Salvador, Guatemala, Honduras and Mexico:
    Since June 1, 2001.

Perspecive

  • Free trade agreement C.A. with the European Union
  • Free Trade Agreement C.A. with Panama.
  • Free Trade Agreement C.A. 4 with Canada.
  • Free Trade Agreement with Colombia.
Embassy of Honduras in Washington D.C
Investment Promotion & Trade
 
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