Compare Honduras (2007) - Honduras (2008)

Compare Honduras (2007) z Honduras (2008)

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	Honduras (2007)	Honduras (2008)

Agriculture - products	bananas, coffee, citrus; beef; timber; shrimp	bananas, coffee, citrus; beef; timber; shrimp, tilapia, lobster; corn, African palm
Budget	revenues: $1.974 billion expenditures: $2.095 billion; including capital expenditures of $106 million (2006 est.)	revenues: $2.089 billion expenditures: $2.357 billion; including capital expenditures of $106 million (2007 est.)
Debt - external	$3.901 billion (2006 est.)	$3.871 billion (31 December 2007 est.)
Economy - overview	Honduras, the second poorest country in Central America and one of the poorest countries in the Western Hemisphere, with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade under the US-Central America Free Trade Agreement (CAFTA) and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. The country has met most of its macroeconomic targets, and began a three-year IMF Poverty Reduction and Growth Facility (PRGF) program in February 2004. The economy relies heavily on a narrow range of exports, notably bananas and coffee, making it vulnerable to natural disasters and shifts in commodity prices, but in recent years has experienced a rapid rise in exports of light manufacturers. Growth remains dependent on the economy of the US, its largest trading partner, and on reduction of the high crime rate, as a means of attracting and maintaining investment.	Honduras, the second poorest country in Central America and one of the poorest countries in the Western Hemisphere, with an extraordinarily unequal distribution of income and massive unemployment, is banking on expanded trade under the US-Central America Free Trade Agreement (CAFTA) and on debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Despite improvements in tax collections, the government's fiscal deficit is growing due to increases in current expenditures and financial losses from the state energy and telephone companies. Honduras is the fastest growing remittance destination in the region with inflows representing over a quarter of GDP, equivalent to nearly three-quarters of exports. The economy relies heavily on a narrow range of exports, notably bananas and coffee, making it vulnerable to natural disasters and shifts in commodity prices, however, investments in the maquila and non-traditional export sectors are slowly diversifying the economy. Growth remains dependent on the economy of the US, its largest trading partner, and on reduction of the high crime rate, as a means of attracting and maintaining investment.
Exchange rates	lempiras per US dollar - 18.895 (2006), 18.92 (2005), 18.206 (2004), 17.345 (2003), 16.433 (2002)	lempiras per US dollar - 18.9 (2007), 18.895 (2006), 18.92 (2005), 18.206 (2004), 17.345 (2003)
Exports	NA bbl/day	765.4 bbl/day (2004)
Exports - partners	US 70.5%, Guatemala 3.5%, El Salvador 3.4% (2006)	US 70.6%, Guatemala 3.5%, El Salvador 3.4% (2006)
GDP - composition by sector	agriculture: 13.8% industry: 31.1% services: 55.1% (2006 est.)	agriculture: 13.5% industry: 31% services: 55.6% (2007 est.)
GDP - real growth rate	6% (2006 est.)	6% (2007 est.)
Imports	NA bbl/day	42,620 bbl/day (2004)
Industrial production growth rate	7.7% (2003 est.)	5.3% (2007 est.)
Inflation rate (consumer prices)	5.6% (2006 est.)	6.4% (2007 est.)
Judicial branch	Supreme Court of Justice or Corte Suprema de Justicia (judges are elected for seven-year terms by the National Congress)	Supreme Court of Justice or Corte Suprema de Justicia (15 judges are elected for seven-year terms by the National Congress)
Labor force	2.574 million (2006 est.)	2.812 million (2007 est.)
Unemployment rate	27.9% (2006 est.)	27.8% (2007 est.)

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