GDP$31.7BCURRENT US$Rnk 101 / 186 GDP GROWTH71.2%CURRENT US$Rnk 28 / 186
GDP$45.8BCURRENT US$Rnk 91 / 186 GDP GROWTH-50.6%CURRENT US$Rnk 186 / 186 GDP PC $3,040CURRENT US$Rnk 132 / 186GDP PC GROWTH44.3%CURRENT US$Rnk 42 / 186GDP PC$6,716CURRENT US$Rnk 97 / 186GDP PC GROWTH-57.4%CURRENT US$Rnk 185 / 186In N/A, Honduras did not export any services to Libya.
Libya-Honduras In N/A, Libya did not export any products to Honduras.
In N/A, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).
This map shows whether countries import more from Honduras or Libya. Each country is colored based on the difference in imports they receive from Honduras and Libya or the difference in the growth in imports.
In 2022, countries that imported more from Honduras than Libya included United States ($6.31B), Nicaragua ($1.02B), and El Salvador ($940M).
In 2022, countries that imported more from Libya than Honduras included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).
) 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 Libya. This means that a dot/product with the flag of Honduras indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Honduras.
) and Libya () (2019)
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