d financial
losses from the state energy and telephone companies. Honduras is
the fastest growing remittance destination in the region with
inflows representing over a quarter of GDP, equivalent to nearly
three-quarters of exports. The economy relies heavily on a narrow
range of exports, notably bananas and coffee, making it vulnerable
to natural disasters and shifts in commodity prices, however,
investments in the maquila and non-traditional export sectors are
slowly diversifying the economy. Growth remains dependent on the
economy of the US, its largest trading partner, and on reduction of
the high crime rate, as a means of attracting and maintaining
investment.

GDP (purchasing power parity):

$32.26 billion (2007 est.)

GDP (official exchange rate):

$12.28 billion (2007 est.)

GDP - real growth rate:

6.3% (2007 est.)

GDP - per capita (PPP):

$4,300 (2007 est.)

GDP - composition by sector:

agriculture: 13.4%
industry: 28.1%
services: 58.6% (2007 est.)

Labor force:

2.779 million (2007 est.)

Labor force - by occupation:

agriculture: 34%
industry: 23%
services: 43% (2003 est.)

Unemployment rate:

27.8% (2007 est.)

Population below poverty line:

50.7% (2004)

Household income or consumption by percentage share:

lowest 10%: 1.2%
highest 10%: 42.2% (2003)

Distribution of family income - Gini index:

53.8 (2003)

Investment (gross fixed):

30.4% of GDP (2007 est.)

Budget:

revenues: $2.344 billion
expenditures: $2.631 billion; including capital expenditures of $106
million (2007 est.)

Fiscal year:

calendar year

Public debt:

24.1% of GDP (2007 est.)

Inflation rate (consumer prices):

6.9% (2007 est.)

Central bank discount rate:

NA (31 December 2007)

Commercial bank prime lending rate:

16.61% (31 December 2007)

Stock of money:

$1.573 billion (31 December 2007)

Stock of quasi money:

$5.266 billion (31 December 2007)

Stock of domestic credit:

$6.298 billion (31 December 2007)

Agriculture - products:

bananas, coffee, citrus; beef; timber; shrimp, tilapia, lobster;
corn, African palm

Industries:

sugar, coffee, textiles, clothing, wood products

Industrial production growth rate:

4.4% (2007 est.)

Electricity - production:

5.753 billion kWh (2006 est.)

Electricity - consumption:

4.233 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)