The 2004 CIA World Factbook. United States. Central Intelligence Agency

The 2004 CIA World Factbook - United States. Central Intelligence Agency


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Campesinos or UNC; Popular Bloc or BP; United Federation of Honduran

       Workers or FUTH

      International organization participation:

       ABEDA, BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICFTU,

       ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO

       (subscriber), ITU, LAES, LAIA (observer), MIGA, MINURSO, NAM, OAS,

       OPANAL, OPCW (signatory), PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU,

       WCL, WFTU, WHO, WIPO, WMO, WToO, WTO

      Diplomatic representation in the US: chief of mission: Ambassador Mario Miguel CANAHUATI honorary consulate(s): Atlanta, Boston, Detroit, Jacksonville consulate(s) general: Chicago, Houston, Los Angeles, Miami, New Orleans, New York, Phoenix, San Francisco FAX: [1] (202) 966–9751 telephone: [1] (202) 966–7702 chancery: Suite 4-M, 3007 Tilden Street NW, Washington, DC 20008

      Diplomatic representation from the US: chief of mission: Ambassador Larry Leon PALMER embassy: Avenida La Paz, Apartado Postal No. 3453, Tegucigalpa mailing address: American Embassy, APO AA 34022, Tegucigalpa telephone: [504] 238–5114, 236–9320 FAX: [504] 236–9037

      Flag description:

       three equal horizontal bands of blue (top), white, and blue with

       five blue, five-pointed stars arranged in an X pattern centered in

       the white band; the stars represent the members of the former

       Federal Republic of Central America - Costa Rica, El Salvador,

       Guatemala, Honduras, and Nicaragua; similar to the flag of El

       Salvador, which features a round emblem encircled by the words

       REPUBLICA DE EL SALVADOR EN LA AMERICA CENTRAL centered in the white

       band; also similar to the flag of Nicaragua, which features a

       triangle encircled by the word REPUBLICA DE NICARAGUA on top and

       AMERICA CENTRAL on the bottom, centered in the white band

      Economy Honduras

      Economy - overview:

       Honduras, one of the poorest countries in the Western Hemisphere

       with an extraordinarily unequal distribution of income and massive

       unemployment, is banking on expanded trade privileges under the

       Enhanced Caribbean Basin Initiative and on debt relief under the

       Heavily Indebted Poor Countries (HIPC) initiative. While the country

       has met most of its macroeconomic targets, it has failed to meet the

       IMF's goals to liberalize its energy and telecommunications sectors.

       Growth remains dependent on the status of the US economy, its major

       trading partner, on commodity prices, particularly coffee, and on

       reduction of the high crime rate.

      GDP:

       purchasing power parity - $17.55 billion (2003 est.)

      GDP - real growth rate:

       3% (2003 est.)

      GDP - per capita:

       purchasing power parity - $2,600 (2003 est.)

      GDP - composition by sector: agriculture: 12.8% industry: 31.9% services: 55.3% (2003 est.)

      Investment (gross fixed):

       24% of GDP (2003)

      Population below poverty line:

       53% (1993 est.)

      Household income or consumption by percentage share: lowest 10%: 0.6% highest 10%: 42.7% (1998)

      Distribution of family income - Gini index:

       56.3 (1998)

      Inflation rate (consumer prices):

       7.7% (2003 est.)

      Labor force:

       2.41 million (2003 est.)

      Labor force - by occupation:

       agriculture 34%, industry 21%, services 45% (2001 est.)

      Unemployment rate:

       27.5% (2003 est.)

      Budget:

       revenues: $1.342 billion

       expenditures: $1.744 billion, including capital expenditures of $106

       million (2003)

      Public debt:

       57.8% of GDP (2003)

      Agriculture - products:

       bananas, coffee, citrus; beef; timber; shrimp

      Industries:

       sugar, coffee, textiles, clothing, wood products

      Industrial production growth rate:

       7.7% (2003 est.)

      Electricity - production:

       3.778 billion kWh (2001)

      Electricity - consumption:

       3.822 billion kWh (2001)

      Electricity - exports:

       0 kWh (2001)

      Electricity - imports:

       308 million kWh (2001)

      Oil - production:

       0 bbl/day (2001 est.)

      Oil - consumption:

       29,000 bbl/day (2001 est.)

      Oil - exports:

       NA (2001)

      Oil - imports:

       NA (2001)

      Current account balance:

       $-279.6 million (2003)

      Exports:

       $1.37 billion f.o.b. (2003 est.)

      Exports - commodities:

       coffee, bananas, shrimp, lobster, meat; zinc, lumber (2000)

      Exports - partners:

       US 65.5%, El Salvador 3.5%, Guatemala 2.4% (2003)

      Imports:

       $3.11 billion f.o.b. (2003 est.)

      Imports - commodities:

       machinery and transport equipment, industrial raw materials,

       chemical products, fuels, foodstuffs (2000)

      Imports - partners:

       US 53.1%, El Salvador 4.5%, Mexico 3% (2003)

      Reserves of foreign exchange & gold:

       $1.439 billion (2003)

      Debt - external:

       $5.246 billion (2003)

      Economic aid - recipient:

       $557.8 million (1999)

      Currency:

       lempira (HNL)

      Currency code:

       HNL

      Exchange rates:

       lempiras per US dollar - 17.3453 (2003), 16.4334 (2002), 15.4737

       (2001), 14.8392 (2000), 14.2132 (1999)

      Fiscal year:

       calendar year

      Communications Honduras

      Telephones - main lines in use:

       322,500 (2002)

      Telephones - mobile cellular:

       326,500 (2002)

      Telephone system:

      


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