GDP$31.7BCURRENT US$Rnk 101 / 186 GDP GROWTH71.2%CURRENT US$Rnk 28 / 186
GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186 GDP PC $3,040CURRENT US$Rnk 132 / 186GDP PC GROWTH44.3%CURRENT US$Rnk 42 / 186GDP PC$2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186In N/A, Honduras did not export any services to Laos.
Laos-Honduras In N/A, Laos did not export any products to Honduras.
In N/A, Laos did not export any services to Honduras.
Comparison: In 2022, Honduras ranked 88 in the Economic Complexity Index (ECI -0.52), and 97 in total exports ($12.3B). That same year, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).
This map shows whether countries import more from Honduras or Laos. Each country is colored based on the difference in imports they receive from Honduras and Laos or the difference in the growth in imports.
In 2022, countries that imported more from Honduras than Laos included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).
In 2022, countries that imported more from Laos than Honduras included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).
) and Honduras () (2022)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Honduras and Laos. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Laos. Similarly, a dot/product with the flag of Laos indicates it has a comparative advantage over Honduras.
) and Laos () (2021)
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