honduraseconomy.com - Honduras Economy

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The economy of Honduras is based mostly on agriculture , which accounts for 14% of its gross domestic product (GDP) in 2013. Leading export coffee ($340 million) accounted for 22% of total Honduran export revenues. Bananas , formerly the country's second-largest export until being virtually wiped out by 1998's Hurricane Mitch , recovered in 2000 to 57% of pre-Mitch levels. Cultivated shrimp is another important export sector. Since the late 1970s, towns in the north began industrial production through maqui

Honduras has extensive forests , marine , and mineral resources , although widespread slash and burn agricultural methods continue to destroy Honduran forests. Unemployment is estimated at around 28%. The Honduran economy grew 4.8% in 2000, recovering from the Mitch-induced recession (-1.9%) of 1999. The Honduran maquiladora sector, the third-largest in the world, continued its strong performance in 2000, providing employment to over 120,000 and generating more than $528 million in foreign exchange for the

Coordinates : 15°00′N 86°30′W  /  15.000°N 86.500°W  / 15.000; -86.500