telephone: [504] 236-9320, 238-5114
FAX: [504] 238-4357
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, the second poorest country in Central America, has an extraordinarily unequal distribution of income and high unemployment. 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. Economic growth remains dependent on the US economy its largest trading partner, and will decline in 2009 as a result of reduction in export demand and tightening global credit markets. Remittances represent over a quarter of GDP or nearly three-quarters of exports. The US-Central America Free Trade Agreement (CAFTA) came into force in 2006 and has helped foster investment. 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.
GDP (purchasing power parity):
$33.8 billion (2008 est.) country comparison to the world: 102 $32.5 billion (2007 est.)
$30.57 billion (2006 est.)