FANDOM


República de Honduras
Republic of Honduras

Flag of Honduras Coat of Arms of Honduras
Motto
Libre, Soberana e Independiente
Free, Sovereign and Independent
Anthem
National Anthem of Honduras
Map of Honduras
CapitalTegucigalpa
Government Republic
President
- From 2010Porfirio Lobo Sosa
Legislature National Congress
History
Sep 29, 1865Established
Area112,492 km²
Population
- 20108,249,574
 Density73.3/km²
GDP2010 (PPP)
- TotalUS$ 36.4 billion
- Per capitaUS$ 4,417
CurrencyLempira
Flag of None State of Honduras
v

The Republic of Honduras is a republic in Central America.


Background

Once part of Spain's vast empire in the New World, Honduras became an independent nation in 1821. After two and a half decades of mostly military rule, a freely elected civilian government came to power in 1982. During the 1980s, Honduras proved a haven for anti-Sandinista contras fighting the Marxist Nicaraguan Government and an ally to Salvadoran Government forces fighting leftist guerrillas. The country was devastated by Hurricane Mitch in 1998, which killed about 5,600 people and caused approximately $2 billion in damage. Since then, the economy has slowly rebounded.[1]

Economy

Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing. Nearly half of Honduras's economic activity is directly tied to the US, with exports to the US accounting for 30% of GDP and remittances for another 20%. The US-Central America Free Trade Agreement (CAFTA) came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 70% of FDI is from US firms. The economy registered sluggish economic growth in 2010, insufficient to improve living standards for the nearly 60% of the population in poverty. The LOBO administration inherited a difficult fiscal position with off-budget debts accrued in previous administrations and government salaries nearly equivalent to tax collections. His government has displayed a commitment to improving tax collection and cutting expenditures, and attracting foreign investment. This enabled Tegucigalpa to secure an IMF Precautionary Stand-By agreement in October 2010. The IMF agreement has helped renew multilateral and bilateral donor confidence in Honduras following the ZELAYA administration's economic mismanagement and the 2009 coup.[2]

President

  • Porfirio Lobo Sosa () (Jan 27, 2010 - )



Nation

Honduran Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.