Honduras

Country Summary

Introduction

Background

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. Honduras has only a short Pacific coast but a long Caribbean shoreline, including the virtually uninhabited eastern Mosquito Coast.

Geography

Area

total: 112,090 sq km
land: 111,890 sq km
water: 200 sq km

Climate

subtropical in lowlands, temperate in mountains

Natural resources

timber, gold, silver, copper, lead, zinc, iron ore, antimony, coal, fish, hydropower

People and Society

Population

9,571,352 (2023 est.)

Ethnic groups

Mestizo (mixed Indigenous and European) 90%, Indigenous 7%, African descent 2%, White 1%

Languages

Spanish (official), Amerindian dialects

Religions

Evangelical/Protestant 48%, Roman Catholic 34%, other 1%, none 17% (2020 est.)

Population growth rate

1.28% (2023 est.)

Government

Government type

presidential republic

Capital

name: Tegucigalpa; note - article eight of the Honduran constitution states that the twin cities of Tegucigalpa and Comayaguela, jointly, constitute the capital of the Republic of Honduras; however, virtually all governmental institutions are on the Tegucigalpa side, which in practical terms makes Tegucigalpa the capital

Executive branch

chief of state: President Iris Xiomara CASTRO de Zelaya (since 27 January 2022); Vice Presidents Salvador NASRALLA, Doris GUTIÉRREZ, and Renato FLORENTINO (all since 27 January 2022); note - the president is both chief of state and head of government; CASTRO is Honduras' first female president
head of government: President Iris Xiomara CASTRO de Zelaya (since 27 January 2022); Vice Presidents Salvador NASRALLA, Doris GUTIÉRREZ, and Renato FLORENTINO (all since 27 January 2022)

Legislative branch

description: unicameral National Congress or Congreso Nacional (128 seats; members directly elected in 18 multi-seat constituencies by closed party-list proportional representation vote; members serve 4-year terms)

Economy

Economic overview

second-fastest-growing Central American economy; COVID-19 and two hurricanes crippled activity; high poverty and inequality; declining-but-still-high violent crime disruption; systemic corruption; coffee and banana exporter; enormous remittances

Real GDP (purchasing power parity)

$59.562 billion (2022 est.)
$57.273 billion (2021 est.)
$50.894 billion (2020 est.)

Real GDP per capita

$5,700 (2022 est.)
$5,600 (2021 est.)
$5,000 (2020 est.)

Agricultural products

sugarcane, oil palm fruit, milk, bananas, maize, coffee, melons, oranges, poultry, beans

Industries

sugar processing, coffee, woven and knit apparel, wood products, cigars

Exports

$9.385 billion (2022 est.)
$8.062 billion (2021 est.)
$6.269 billion (2020 est.)

Exports - partners

United States 53%, El Salvador 8%, Guatemala 5%, Nicaragua 5% (2019)

Exports - commodities

clothing and apparel, coffee, insulated wiring, palm oil, shrimp, gold, bananas (2021)

Imports

$17.957 billion (2022 est.)
$14.869 billion (2021 est.)
$9.94 billion (2020 est.)

Imports - partners

United States 42%, China 10%, Guatemala 8%, El Salvador 8%, Mexico 6% (2019)

Imports - commodities

refined petroleum, clothing and apparel, packaged medicines, broadcasting equipment, insulated wiring (2019)

Exchange rates

lempiras (HNL) per US dollar -
Exchange rates:
24.486 (2022 est.)
24.017 (2021 est.)
24.582 (2020 est.)
24.509 (2019 est.)
23.903 (2018 est.)


Page last updated: Monday, April 15, 2024