Diplomatic representation in the US: chief of mission: Ambassador (vacant) chancery: 3007 Tilden Street NW, Washington, DC 20008 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico) consulate(s): Boston, Detroit, and Jacksonville
Diplomatic representation from the US: chief of mission: Ambassador James Francis CREAGAN embassy: Avenida La Paz, Apartado Postal No. 3453, Tegucigalpa mailing address: American Embassy, APO AA 34022, Tegucigalpa
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
Economy—overview: Prior to Hurricane Mitch in the fall of 1998, Honduras had been pursuing a moderate economic reform program and had posted strong annual growth numbers. The storm has dramatically changed economic forecasts for Honduras, one of the poorest countries in Central America and the hardest hit by Mitch. Honduras sustained approximately $3 billion in damages and will probably see GDP shrink by 2% in 1999 and unemployment rise. Hardest hit was the all-important agricultural sector, which is responsible for the majority of exports. As a result, the trade deficit is likely to balloon in 1999 to $445 million. However, significant aid has helped to stabilize the country. In addition, the Paris Club and bilateral creditors have offered substantial debt relief, and Tegucigalpa is currently under consideration for inclusion in the IMF-World Bank Highly Indebted Poor Countries Initiative (HIPC). Additional financing will be needed to restore the economy to its pre-Mitch level.
GDP: purchasing power parity—$14.4 billion (1998 est.)
GDP—real growth rate: 3% (1998 est.)
GDP—per capita: purchasing power parity?$2,400 (1998 est.)
GDP—composition by sector: agriculture: 20% industry: 19% services: 61% (1997)
Population below poverty line: 50% (1992 est.)