Honduras

In October 2000, Honduras signed an agreement on trade and economic cooperation with the United States (The Caribbean Basin Trade Partnership Act, CBTPA). In 2002, the Government of the country approved the "National Revival Plan".

On March 3, 2005, Honduras signed the "Central American Free Trade Agreement with the United States" (CAFTA).

The economy is based on trade and services (57% of GDP), to a lesser extent industry (30% of GDP) and agriculture (13% of GDP).

The main trading partners are the USA, El Salvador, Germany, Guatemala, Mexico and, to a lesser extent, other countries of Central and Latin America. The main export goods were coffee, bananas, seafood; the main import items were machinery and equipment, chemical industry products, oil and petroleum products, consumer goods and food.

The total area of agricultural land is 2507.5 thousand hectares (22.4% of the country's territory), plantation agriculture prevails in crop production, the main export crops are bananas, coffee, tobacco, cotton, citrus and tropical fruits, corn, millet, beans, sorghum, sugar cane, rice are grown for domestic use. Over 60% of the harvest of export crops is produced on the plantations of American companies. Extensive pastoral animal husbandry and pig breeding are also well developed.

Up to 40% of the country's territory (primarily mountainous areas) is covered with forests, logging and timber exports are an important component of the economy. Mainly pine is harvested, to a lesser extent — valuable wood (mahogany, ebony), the reserves of which have significantly decreased.

The waters of the Caribbean Sea off the northern coast of Honduras are rich in fish and other seafood, which provides the basis for the rapid development of fisheries. The main objects of commercial fishing are lobsters and shrimps.

The industry is dominated by companies of the light (food, clothing and textile) industry, food products, canned food, palm oil, raw cane sugar, fabrics, clothing, detergents are produced for export.

There is a cement plant and several mining and processing enterprises (owned by foreign and multinational corporations).
According to the USD and EESEAEC data, the energy sector of Honduras for 2019 is characterized by the following main indicators. The production of organic fuel is 2330 thousand tons. The total supply is 6628 thousand tons. Installed capacity — net of power plants — 2,770 MW, including: thermal power plants burning organic fuel — 45.4%, renewable energy sources — 54.6%.

The country has outlets to the Atlantic and Pacific Oceans.