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    Honduras Economy 1997
    https://photius.com/wfb1997/honduras/honduras_economy.html
    SOURCE: 1997 CIA WORLD FACTBOOK

      Economy - overview Honduras is one of the poorest countries in the Western Hemisphere.Agriculture employs nearly two-thirds of the labor force and produces two-thirdsof exports. Productivity remains low. Manufacturing, mining, and constructionaccount for 30 % of GDP and generate 20% of exports. Basic problems includerapid population growth, high underemployment, inflation, a lack of basicservices, a large and inefficient public sector, and the dependence of theexport sector mostly on coffee and bananas, which are subject to sharp pricefluctuations.

      GDP purchasing power parity - $11.5 billion (1996 est.)

      GDP - real growth rate 3% (1996 est.)

      GDP - per capita purchasing power parity - $2,000 (1996 est.)

      GDP - composition by sector
      agriculture : 28%
      industry: 30%
      services: 42% (1995)

      Inflation rate - consumer price index 25.4% (1996)

      Labor force
      total: 1.3 million
      by occupation: agriculture 62%, services 20%, manufacturing 9%, construction 3%, other6% (1985)

      Unemployment rate 15%; underemployed about 40% (1996 est.)

      Budget
      revenues: $655 million
      expenditures: $850 million, including capital expenditures of $150 million (1997 est.)

      Industries sugar, coffee, textiles, clothing, wood products

      Industrial production growth rate 10% (1992 est.)

      Electricity - capacity 605,900 kW (1995)

      Electricity - production 2.742 billion kWh (1995)

      Electricity - consumption per capita 361 kWh (1995 est.)

      Agriculture - products bananas, coffee, citrus; beef; timber; shrimp;

      Exports
      total value: $2.401 billion (f.o.b., 1996)
      commodities: bananas, coffee, shrimp, lobster, minerals, meat, lumber
      partners : US 65%, Germany 7%, Japan 7%, Spain 3%, Belgium 2%

      Imports
      total value: $3.133 billion (c.i.f. 1996)
      commodities: machinery and transport equipment, industrial raw materials, chemicalproducts, manufactured goods, fuel and oil, foodstuffs
      partners : US 50%, Guatemala 5%, Japan 5%, Mexico 3%, El Salvador 3%

      Debt - external $4.6 billion (1995)

      Economic aid
      recipient: ODA, $NA

      Currency 1 lempira (L) = 100 centavos

      Exchange rates lempiras (L) per US$1 (end of period) - 13.0330 (January 1997), 12.8694(1996), 10.3432 (1995), 9.4001 (1994), 7.2600 (1993), 5.8300 (1992)

      Fiscal year calendar year

      NOTE: The information regarding Honduras on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Honduras Economy 1997 information contained here. All suggestions for corrections of any errors about Honduras Economy 1997 should be addressed to the CIA.

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    https://photius.com/wfb1997/honduras/honduras_economy.html

    Revised 06-Mar-02
    Copyright © 2002 Photius Coutsoukis (all rights reserved)


    ctr03/06/02