Economic Information

BASIC ECONOMIC INFO

Population, (millions)

7.8

Exchange Rate

18.89 Lempiras ; 1 US$

Devaluation Rate

0.4 %

Inflation

4.60 %

Energy Cost  $ (Kw/hour)

0.08 - 0.12

Workforce Unionized

3.70%

Labor Cost $/ Hour (Fully Loaded)

$   0.78
$ 0.95

Literacy (%of population age 15+)

84

Life expectancy at birth (years)

72.4

Moody´s Country Risk Index (Sept- 06)

B2 (Stable)

Labor Force

2,651,262

Underemployment + Employment

39 %

* The Honduran government entry in force the decree the New Minimum Wage in 5 Departments of Honduras, which is 20% less than the ordinary minimum wage, in order to strenght the competitiveness of the Export oriented companies.

 

GDP
(average annual growth)

1985-95

1995-05

2004

2005

2010

GDP

3.5

3.1

5.0

4.0

3.0

GDP per capita

0.5

0.6

2.7

1.8

4.2

Exports of goods and services

1.2

2.8

9.7

6.0

7.8

 

ECONOMY
(average annual growth)

1985-95

1995-05

2004

2005

2010

Agriculture

3.6

2.0

7.0

0.5

0.6

Industry

4.0

3.8

3.2

5.8

4.5

Manufacturing

3.6

4.3

4.1

5.1

4.9

Services

3.2

4.1

4.9

5.5

5.7

Household final consumption expenditure

2.9

4.2

4.7

7.9

8.1

General gov't final consumption expenditure

-1.3

7.6

3.4

9.3

9.9

Gross capital formation

11.7

1.5

13.2

-2.8

-2.1

Imports of goods and services

3.8

5.0

14.0

9.3

5.1

 

STRUCTURE of the ECONOMY

(% of GDP)

1985

1995

2004

2005

2010

Agriculture

21.9

21.5

13.4

13.9

13.7

Industry

24.0

30.7

31.4

31.4

31.5

Manufacturing

14.5

17.8

20.4

20.1

20.3

Services

54.2

47.8

55.1

54.6

54.8

Household final consumption expenditure

74.4

63.5

75.2

76.9

70.0

General governement final consumption expenditure

13.1

9.3

13.2

13.7

14.3

Imports of goods and services

29.9

48.1

60.1

61.4

55.4

 

 
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