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Handelskammer - Land Infoblatt Letztes Update: 13.08.2021

Ihre Berater bei der Handelskammer

  • Thomas Bertrand
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112,090 km2
9,346,277 (July 2021 est.)
presidential republic
Spanish (official), Amerindian dialects
$23.828 billion (2020 est.)
-8.965% (2020 est.)



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.

Source: The CIA World Factbook - Honduras


Makroökonomische Indikatoren

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.

Honduras’s economy depends heavily on US trade and remittances. The US-Central America-Dominican Republic Free Trade Agreement came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms.

The economy registered modest economic growth of 3.1%-4.0% from 2010 to 2017, insufficient to improve living standards for the nearly 65% of the population in poverty. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Honduras signed a three-year standby arrangement with the IMF in December 2014, aimed at easing Honduras’s poor fiscal position.

Source: The CIA World Factbook - Economic overview

IMF Statistics: 

Subject descriptor20182019202020212022
Gross domestic product, constant prices
Percent change
Gross domestic product, current prices
U.S. dollars (Billions)
Gross domestic product per capita, current prices
U.S. dollars (Units)
Inflation, average consumer prices
Percent change
Volume of imports of goods and services
Percent change
Volume of exports of goods and services
Percent change
Unemployment rate
Percent of total labor force
Current account balance
U.S. dollars (Billions)
Current account balance
Percent of GDP
Colored cells are estimates

Source: IMF Statistics - Honduras


Luxemburg und das Land

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


Source: Administration des contributions directes



Weitere Informationen

Foreign Trade

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

Honorary consul with jurisdiction over Honduras: Mr Henry David KAFIE

Calle entre final Avenida los Proceres y 
Bvd Morazan
Barrio Sabangrande
P.O. Box 434

Tel.: (+504) 221 02 20, (+504) 221 03 08
E-Mail: kh(at) 

Source: Ministry of Foreign Affairs Luxembourg


Economic and Commercial Attaché (AWEX)

Mr Pierre ANNOYE

Embajada de Bélgica en Panamá
Torre Optima, Av. Samuel Lewis con Calle 55 Este, 
Piso 13, Ciudad de Panamá

Tel.: (+507) 302-9505 / (+507) 302-9504
E-Mail: panama(at)

Source: AWEX


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.

Link: Ducroire Office - Country Risk for Honduras

Other useful links