Diplomatic representation: Ambassador Jorge Ramon HERNANDEZ Alcerro; Chancery at Suite 100, 4301 Connecticut Avenue NW, Washington DC 20008; telephone (202) 966-7700 through 7702; there are Honduran Consulates General in Chicago, Los Angeles, Miami, New Orleans, New York, and San Francisco, and Consulates in Baton Rouge, Boston, Detroit, Houston, and Jacksonville; US—Ambassador Crescencio ARCOS; Embassy at Avenida La Paz, Tegucigalpa (mailing address is APO Miami 34022); telephone [504] 32-3120
Flag: 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 words REPUBLICA DE NICARAGUA on top and AMERICA CENTRAL on the bottom, centered in the white band
- Economy Overview: Honduras is one of the poorest countries in the Western Hemisphere. Agriculture is the most important sector of the economy, accounting for nearly 30% of GDP, employing 62% of the labor force, and producing two-thirds of exports. Productivity remains low, however, leaving considerable room for improvement. Although industry is still in its early stages, it employs nearly 15% of the labor force, accounts for 23% of GDP, and generates 20% of exports. The service sectors, including public administration, account for 48% of GDP and employ nearly 20% of the labor force. Basic problems facing the economy include a high population growth rate, a high unemployment rate, a lack of basic services, a large and inefficient public sector, and an export sector dependent mostly on coffee and bananas, which are subject to sharp price fluctuations.
GDP: $4.4 billion, per capita $890; real growth rate 4.0% (1988)
Inflation rate (consumer prices): 11% (1989)
Unemployment rate: 12% unemployed, 30-40% underemployed (1988)
Budget: revenues $1,053 million; expenditures $949 million, including capital expenditures of $159 million (1989)
Exports: $1.0 billion (f.o.b., 1988); commodities—bananas, coffee, shrimp, lobster, minerals, lumber; partners—US 52%, FRG 11%, Japan, Italy, Belgium
Imports: $1.4 billion (c.i.f. 1988); commodities—machinery and transport equipment, chemical products, manufactured goods, fuel and oil, foodstuffs; partners—US 39%, Japan 9%, CACM, Venezuela, Mexico
External debt: $3.2 billion (December 1989)