HONDURAS

America first

C2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD 23bn (World ranking 110, World Bank 2018)
Population 9.58mn (World ranking 93, World Bank 2018)
Form of state Presidential republic
Head of government Juan Orlando Hernández (right-wing), since 2014
Next elections November 2021, Presidential and legislative (4-year term)
  • Sound financial sector
  • Free trade agreement with the US and Canada
  • IMF support and successful policy implementation, such as the reduction of external debt
  • High current account deficit
  • High dependence on the US economy
  • Increasing dollarization of loans
  • Weak business environment, rule of law and high level of corruption
  • One of the poorest countries in the region
  • High criminality

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 50%
1
35% United States
El Salvador 6%
2
12% China
Germany 6%
3
9% Guatemala
Guatemala 5%
4
7% Mexico
Mexico 5%
5
5% El Salvador

Trade structure by product

(% of total)

Exports Rank Imports
Articles of apparel & clothing accessories 25%
1
10% Petroleum, petroleum products and related materials
Coffee, tea, cocoa, spices, and manufactures thereof 15%
2
9% Textile yarn and related products
Vegetables and fruits 9%
3
6% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 8%
4
6% Electrical machinery, apparatus and appliances, n.e.s.
Fish, crustaceans, molluscs and preparations thereof 6%
5
4% Miscellaneous manufactured articles, n.e.s.

Contact

Euler Hermes

Economic Research Team

research@eulerhermes.com

Georges Dib

Economist for Latin America, Spain and Portugal

georges.dib@eulerhermes.com

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