Chamber of Commerce Country Factsheet Last update: 10.01.2018
Your advisors at the Chamber of Commerce
- Violaine Mathurin+352423939481
- Thomas Bertrand+352423939337
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.
Subject descriptor 2014 2015 2016 2017 2018 Gross domestic product, constant prices 3.085 3.643 3.600 3.700 3.800 Gross domestic product, current prices 19.450 20.450 20.930 21.406 22.065 Gross domestic product per capita, current prices 2,442.903 2,530.493 2,551.466 2,570.802 2,610.581 Inflation, average consumer prices 6.082 3.158 3.145 4.130 4.500 Volume of imports of goods and services 3.900 9.679 3.981 3.954 3.673 Volume of exports of goods and services 1.999 2.645 6.322 4.679 3.863 Unemployment rate 4.100 4.000 4.000 4.000 4.000 Current account balance -1.444 -1.291 -1.197 -1.214 -1.244 Current account balance -7.425 -6.315 -5.718 -5.670 -5.636
Source: IMF Statistics - Honduras
Luxembourg and the country
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
Air Services agreement
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact point in Honduras
Honorary consul with jurisdiction on Honduras: Henry David KAFIE
Calle entre final Avenida los Proceres y
P.O. Box 434
Tél.: (+504) 221 02 20, (+504) 221 03 08, (+504) 221 50 80
Fax: (+504) 221 02 69
Opening hours: from Monday to Friday 8h-17h
Country risk as defined by Office du Ducroire for Honduras
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Other useful links
- CIA World Factbook on Honduras
- Le Honduras sur le site de l'Awex
- Euracen: Bilateral Chamber of Commerce between Europe and Central America
- Why Honduras?
- Doing Business - Honduras
- Economic Freedom Index - Honduras
- Das ist Honduras
The Chamber of Commerce and the country