Economy of Honduras
| Statistics | |
|---|---|
| Main industries | sugar processing, coffee, woven and knit apparel, wood products, cigars |
| Ease-of-doing-business rank | 133rd (medium, 2020) |
| External | |
| Exports | $8.675 billion (2017 est.) |
Contents
What is Honduras known for producing?
Important export crops other than bananas include coffee beans, tobacco, and sugarcane. Corn is the chief staple crop. Honduran farmers also plant genetically modified corn (illegal in the rest of Central America), which has helped combat food shortages and rising corn prices.
Is Honduras a rich country?
With a population of over 8.5 million, Honduras is one of the richest and most diverse countries in Central America. Despite having a high productive potential, 74% of the population lives below the poverty line, a condition that affects rural women and youth in particular.
What is Honduras biggest export?
Honduras’ exports mainly agricultural products such as coffee and bananas. Other exports include: shrimp, lobster, olive oil and clothes. Honduras’ main export partner is the United States with 41 percent of total exports.
What type of economy is Honduras?
Honduras has a mixed economic system which includes a variety of emerging private freedom, combined with centralized economic planning and government regulation.
What is Honduras main source of income?
The economy of Honduras is based mostly on agriculture, which accounts for 14% of its gross domestic product (GDP) in 2013. The country’s leading export is coffee (US$340 million), which accounted for 22% of the total Honduran export revenues.
Why is Honduras poor?
The main problems that cause poverty in Honduras are wealth distribution and low income. These issues impact an alarmingly high percentage of the country’s population. According to the World Bank, about 48% of the population lives below the poverty line, which includes over 60% in rural areas.
What race is Honduras?
Honduras is a relatively homogenous nation in terms of ethnicity. About 90% of Hondurans identify as mestizo, which is a person of mixed European (de facto Spanish) and Amerindian ancestry.
Who is the richest man in Honduras?
As of October 2021, he was ranked as the sixteenth-richest person in the world according to Bloomberg Billionaires Index, with a net worth estimated at $62.6 billion.
Carlos Slim.
| Carlos Slim Helú | |
|---|---|
| Occupation | Businessman, philanthropist, investor |
| Known for | CEO of Telmex, América Móvil, and Grupo Carso World’s richest person, 2010–13 |
Is Honduras black?
Honduras identifies itself as a mestizo nation — of mixed indigenous and European roots — and officially only about 2 percent of the population is of African descent (though the actual number may be as high as 10 percent).
What natural resources does Honduras have?
The country is known for resources such as mineral (such as gold, silver, and copper), textiles, tropical fruits, sugar cane, and coffee. All the resources are utilized locally while others are exported.
What Honduras known for?
Honduras is known for its rich natural resources, including minerals, coffee, tropical fruit, and sugar cane, as well as for its growing textiles industry, which serves the international market.
What is wrong with Honduras economy?
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing.
What is Honduras money called?
Honduran lempiraUnderstanding the Honduran Lempira
The Central Bank of Honduras manages the Honduran currency and issues banknotes in denominations of 1, 2, 5, 10, 20, 50, 100, and 500 lempiras.
Does Honduras have a good economy?
During recent years, Honduras has registered the second highest economic growth rates in Central America, only behind Panama and well above the average in Latin America and the Caribbean. However, the country faces high levels of poverty and inequality.
What is the agriculture like in Honduras?
Overview. Maize, beans, plantain, sorghum and rice are the primary subsistence crops. However, access to arable land is limited for most subsistence farmers, partly due to Honduras’ mountainous terrain, and the dominance of US-owned plantations on the coastal plains.
How bad is life in Honduras?
Violent crime is rampant in Honduras. Despite a recent downward trend, the murder rate remains among the highest in the world. Poverty, violence, and insecurity cause significant outflows of migrants and asylum-seekers.Impunity for crimes and human rights abuses is the norm.
Does the US help Honduras?
The United States works with Honduras to address regional challenges – including irregular migration, the fight against corruption, transnational criminal networks, narcotics trafficking, money laundering, and trafficking in persons, not to mention encouraging and supporting Honduran efforts to protect the environment
What is the quality of life in Honduras?
Its tropical climate means that Honduras should be at the top of your list of possible retirement or second-home destinations. In Honduras, the cost of living is remarkably low, and the quality of life – gauged by fresh food, friendly people, and reliable infrastructure – is remarkably high.
Are Honduras white?
Honduras Demographics
The vast majority of the population of Honduras consider themselves to be white or Mestizo. About 90% of the population is Mestizo (mixed European and Amerindian ancestry). In addition, 7% are of American Indian descent while 2% declare themselves to be black.
What do you call a woman from Honduras?
Hondureños is the proper term for a Honduran person but locals prefer—and use—the term catracho. Remember, Spanish has both masculine and feminine forms so catracho refers to a male while catracha references a female. So a local might say, “Yo soy catracho.” (“I am Honduran.”)
