Honduras, strategically located in the heart of Central America, is bordered by Guatemala to the west, El Salvador to the southwest, Nicaragua to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south.
The economy relies heavily on a range of exports, notably apparel, bananas, and coffee. However, it has emerging sectors in agriculture, textile, light manufacturing, sustainable tourism, and business services. It is also Central America’s second largest coffee producer.
The gross domestic product (GDP) composition by sector is: service 57.8%, industry 28.4%, and agriculture 13.8%. The United States-Central America Free Trade Agreement (CAFTA) entered into force in 2006 has helped foster investment in this country. The economy expects to register positive economic growth in 2019.
HLB provides accounting services, tax work and audits to both public and private sector companies in Honduras and internationally.
Latest insights, case studies and news from across the network
HLB International Tax webinar EPS 10. Navigating the EU Mandatory Disclosure rules
In episode 10 of HLB’s International Tax webinar series, our HLB panelists will provide an overview of the EU’s Mandatory Disclosure rules and the potential impact on global businesses.
HLB Cross-Border Business Talks Podcast Series
An HLB podcast series in which we share our insights and ideas, and welcome guest speakers to keep you informed on cross-border business topics. We provide bite-size analysis on today’s...
People, Environment & Technology: A Three-Pronged Approach to Reducing Cybersecurity Risk
With the number cyberattacks increasing across the globe, the best practice to reducing cybersecurity risk is a three-pronged approach: People, Environment and Technology.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation