Honduras

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Country summary

Capital

Tegucigalpa

Borders

Guatemala 256 km, El Salvador 342 km, Nicaragua 922 km

Government type

democratic constitutional republic

Population

7,833,696[1]

Population growth

2.002% (2010 est.)[1]

Life expectancy

70.45 years[1]

Unemployment

3% (2009 est.)[1]

Index of Economic Freedom

99[2]

Corruption Perceptions Index

130[3]

Doing Business ranking

141[4]


Once part of Spain's vast empire in the New World, Honduras became an independent nation in 1821. After two and a half decades of mostly military rule, a freely elected civilian government came to power in 1982. During the 1980s, Honduras proved a haven for anti-Sandinista contras fighting the Marxist Nicaraguan Government and an ally to Salvadoran Government forces fighting leftist guerrillas. The country was devastated by Hurricane Mitch in 1998, which killed about 5,600 people and caused approximately $2 billion in damage. Since then, the economy has slowly rebounded.[1]

Economical characteristics

  • Currency: Lempira (ISO code: HNL)
  • Central bank discount rate: NA%[1]
  • Commercial banks lending rate: 17.94% (31 December 2008)[1]
  • Stock of money (M1): $1.633 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $5.574 billion (31 December 2008)[1]

Notable events:

Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[7] 5 373 7 106 7 567 7 776 8 234 8 773 9 671 10 864 11 986 13 343
Govt. debt (% of GDP)[8]
Govt. revenue (% of GDP)[9] 19.955 20.754 20.749 21.110 21.966 22.280
Govt. expenses (% of GDP)[10] 20.903 19.541 19.882 19.908 22.323 21.598
Debt to revenue (years)

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Honduras", from The World Factbook. Referenced 2010-09-30.
  2. ↑ Heritage Foundation. "Honduras", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. ↑ Transparency International. "Honduras", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. ↑ Doing Business. "Honduras", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 366-367. (The list does not claim to be complete.) Referenced 2011-07-20.
  6. ↑ Carmen M. Reinhart. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises" (pdf), March 3, 2010, p. 56. (The list does not claim to be complete.) Referenced 2011-07-20.
  7. ↑ World Bank. "Honduras: GDP", from World Bank Data. Referenced 2010-09-30.
  8. ↑ World Bank. "Honduras: government debt", from World Bank Data. Referenced 2010-09-30.
  9. ↑ World Bank. "Honduras: government revenue", from World Bank Data. Referenced 2010-09-30.
  10. ↑ World Bank. "Honduras: government expenses", from World Bank Data. Referenced 2010-09-30.

Links

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