Economic Information
BASIC ECONOMIC INFO
Population, (millions)
7.2
Exchange Rate
19.02 Lempiras ; 1 US$
Devaluation Rate
1.4%
Inflation
7.7%
Energy Cost $ (Kw/hour)
0.09 - 0.12
Workforce Unionized
3.70%
Labor Cost $/ Hour (Fully Loaded)
$ 0.78
Literacy (%of population age 15+)
80
Life expectancy at birth (years)
68
Moody´s Country Risk Index (Sept- 06)
B2 (Stable)
Labor Force
2,651,262
Underemployment + Employment
37%
* 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
GDP
3.5
3.1
5.0
4.0
GDP per capita
0.5
0.6
2.7
1.8
Exports of goods and services
1.2
2.8
9.7
6.0
ECONOMY (average annual growth)
1985-95
1995-05
2004
2005
Agriculture
3.6
2.0
7.0
0.5
Industry
4.0
3.8
3.2
5.8
Manufacturing
3.6
4.3
4.1
5.1
Services
3.2
4.1
4.9
5.5
Household final consumption expenditure
2.9
4.2
4.7
7.9
General gov't final consumption expenditure
-1.3
7.6
3.4
9.3
Gross capital formation
11.7
1.5
13.2
-2.8
Imports of goods and services
3.8
5.0
14.0
9.3
STRUCTURE of the ECONOMY
(% of GDP)
1985
1995
2004
2005
Agriculture
21.9
21.5
13.4
13.9
Industry
24.0
30.7
31.4
31.4
Manufacturing
14.5
17.8
20.4
20.1
Services
54.2
47.8
55.1
54.6
Household final consumption expenditure
74.4
63.5
75.2
76.9
General governement final consumption expenditure
13.1
9.3
13.2
13.7
Imports of goods and services
29.9
48.1
60.1
61.4
