Tegucigalpa is the capital city of Honduras and is also the country's largest city. Tegucigalpa's major economic sources are commerce, construction, services, textiles, sugar, and tobacco. Honduras is in Central America, bordering the Caribbean Sea, between Guatemala and Nicaragua and bordering the Gulf of Fonseca (North Pacific Ocean), between El Salvador and Nicaragua. Subtropical in lowlands, temperate in mountains. Mostly mountains in interior, narrow coastal plains. The official language is Spanish. English is spoken by many officials and businesspeople. English is also widely spoken on the Bay Islands and the Caribbean coast, albeit with some local peculiarities and a heavy accent. The main religion is Christianity. The economy of Honduras is mainly based on agriculture. Honduras has extensive forest, marine, and mineral resources but the lack of arable land, and a small domestic market continue to impede economic progress in Honduras. Unemployment is estimated at above 25%. Trust and reliability are highly valued in Honduras. Developing personal relationships is very important in business, you should never publicly criticize or embarrass your business counterpart. Expatriate business dress is generally conservative but relatively casual. The security risk for expatriates in Honduras is high. Risks include opportunistic and violent crime, kidnapping (including expatriates), and murder (one of the highest murder rates in the world). The population in Tegucigalpa is 1.324 Mil (2015 est.), while the inflation rate is 2.76% (2015 est.).
Cost Of Living
The cost of living for expatriates in In Tegucigalpa, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Tegucigalpa as at 1 January 2016 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Average 3) Communication: Very High 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Average 9) Miscellaneous: Very High 10) Personal Care: Low 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Tegucigalpa is for example 12.5% more expensive than Hyderabad for groceries, 3.4% more expensive for household costs than Jaipur, and 7.6% more expensive for transport costs than Kanpur. The hardship premium for Tegucigalpa for an expat from Tehran, is for example 0%, i.e. host location (Tegucigalpa) premium of 40% minus home (Tehran) location premium of 40%. Tegucigalpa is ranked as a extreme hardship location. Want to know more about cost of living, hardship or expat pay in Tegucigalpa? Register subscribe to your home location and Tegucigalpa and run your personalised reports.