Salient Features: One of poorest nations in the
Hemisphere. Economy dependent on two agricultural
bananas and coffee. Small manufacturing sector. Poorly
infrastructure. Heavily dependent on foreign aid.
Gross Domestic Product (GDP): US$3.3 billion in
(US$650 per capita).
Agriculture: Main products: bananas and coffee.
cattle, corn, cotton, dry beans, sorghum, sugarcane, and
Industry: Mainly agricultural product processing
simple assembly operations; most items light consumer
beverages, and tobacco products constitute 50 percent of
Energy: Domestic needs met by petroleum imports,
from Mexico and Venezuela, as well as by hydroelectric
generation. Electrification low and uneven, heavily
urban areas and western and northern parts of country.
Foreign Trade: Exports valued at US$843 million
Exports: bananas, coffee, shrimp and lobster, sugar,
products, and refrigerated beef. Imports valued at US$983
in 1992. Major commodities: machinery, manufactured
raw or intermediate materials, such as petroleum. Major
partners: United States, European Union, Central American
Market, Japan, Mexico, and Venezuela.
Balance of Payments: Total external debt
US$3 billion in 1993. In 1980s and 1990s, most years had
balance of payments.
Foreign Aid: Most economic assistance provided
States. Received substantial amounts of military aid from
United States in 1980s.
Currency and Exchange Rate: US$1=8.78 lempiras
August 1994 (official rate).
Fiscal year (FY): Calendar year.
Data as of December 1993