Taxes on international trade in Honduras
Honduras: Taxes on international trade was 2.6% in 2020. ◆ Volatile
Taxes on international trade in Honduras, 1972–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2020, taxes on international trade in Honduras stood at 2.6%. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 31.3% over ten years.
Over the whole period, taxes on international trade in Honduras peaked at 44.2% in 1977 and was at its lowest, 2.6%, in 2020.
Honduras ranks 97th of 154 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade in Honduras, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 28.1% | — |
| 1973 | 28.0% | -0.3% |
| 1974 | 28.7% | +2.5% |
| 1975 | 27.3% | -5.0% |
| 1976 | 33.4% | +22.3% |
| 1977 | 44.2% | +32.2% |
| 1978 | 43.2% | -2.1% |
| 1979 | 40.7% | -5.8% |
| 1980 | 37.2% | -8.7% |
| 1981 | 42.4% | +14.0% |
| 2003 | 6.1% | -85.5% |
| 2004 | 5.6% | -8.8% |
| 2005 | 5.4% | -3.3% |
| 2006 | 5.1% | -6.7% |
| 2007 | 5.2% | +3.2% |
| 2008 | 4.6% | -12.4% |
| 2009 | 3.4% | -26.3% |
| 2010 | 3.8% | +13.4% |
| 2011 | 3.6% | -6.6% |
| 2012 | 3.7% | +2.7% |
| 2013 | 3.0% | -16.8% |
| 2014 | 3.0% | -1.6% |
| 2015 | 3.3% | +10.4% |
| 2020 | 2.6% | -20.8% |
Honduras compared with similar countries
- Honduras's 2.6% is below the median for lower middle income countries, which is 7.8%, 33% of the median. (36 countries reporting)
- Honduras's 2.6% is below the median for Latin America & Caribbean, which is 4.7%, 55% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on international trade in Honduras changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -85.5% | 42.4% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.2% | 27.3% | 44.2% | 8 |
| 1980s | 39.8% | 37.2% | 42.4% | 2 |
| 2000s | 5.1% | 3.4% | 6.1% | 7 |
| 2010s | 3.4% | 3.0% | 3.8% | 6 |
| 2020s | 2.6% | 2.6% | 2.6% | 1 |
Countries ranked near Honduras
More public sector data for Honduras
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.6466 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 53.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0157 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.15 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 581.27 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.75 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is taxes on international trade in Honduras?
- Taxes on international trade in Honduras was 2.6% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Honduras?
- The highest recorded value was 44.2% in 1977.
- What is the lowest taxes on international trade recorded in Honduras?
- The lowest recorded value was 2.6% in 2020.
- How does Honduras rank for taxes on international trade?
- Honduras ranks 97th out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Honduras?
- Over the last ten years it is down 31.3%. The long-run trend across the full record is volatile.
- Where does this Honduras data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.