ission: Ambassador Frank ALMAGUER
embassy: Avenida La Paz, Apartado Postal No. 3453, Tegucigalpa
mailing address: American Embassy, APO AA 34022, Tegucigalpa
telephone: 238-5114, 326-9320
FAX: 236-9037

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

@Honduras:Economy

Economy - overview: Honduras spent 1999 primarily recovering from
Hurricane Mitch, which killed more than 5,000 people and caused about
$3 billion in damage. Although it is slated to receive about $2.76
billion in international aid, the economy shrank 3% with widening
current account and fiscal deficits in 1999. It nevertheless met most
of its macroeconomic targets, and 2000 should see economic recovery as
reconstruction projects make progress and the agricultural sector
recovers. Honduras may also get relief from its $4.4 billion external
debt under the Highly Indebted Poor Countries (HIPC) initiative.

GDP: purchasing power parity - $14.1 billion (1999 est.)

GDP - real growth rate: -3% (1999 est.)

GDP - per capita: purchasing power parity - $2,050 (1999 est.)

GDP - composition by sector:
agriculture: 20%
industry: 25%
services: 55% (1998 est.)

Population below poverty line: 50% (1992 est.)

Household income or consumption by percentage share:
lowest 10%: 1.2%
highest 10%: 42.1% (1996)

Inflation rate (consumer prices): 14% (1999 est.)

Labor force: 2.3 million (1997 est.)

Labor force - by occupation: agriculture 29%, industry 21%, services
60% (1998 est.)

Unemployment rate: 12% (1999); underemployed 30% (1997 est.)

Budget:
revenues: $980 million
expenditures: $1.15 billion including capital expenditures of $NA
(1998 est.)

Industries: sugar, coffee, textiles, clothing, wood products

Industrial production growth rate: 9% (1992 est.)

Electricity - production: 2.904 billion kWh (1998)

Electricity - production by source: