Honduras - Total reserves (includes gold, current US$)

The latest value for Total reserves (includes gold, current US$) in Honduras was $8,138,458,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $8,138,458,000 in 2020 and $12,328,970 in 1961.

Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 $13,320,360
1961 $12,328,970
1962 $13,298,720
1963 $12,449,270
1964 $19,699,410
1965 $23,388,870
1966 $27,389,090
1967 $25,089,680
1968 $31,572,460
1969 $30,929,680
1970 $20,245,850
1971 $21,909,550
1972 $35,288,350
1973 $42,003,960
1974 $44,880,470
1975 $97,404,000
1976 $131,248,200
1977 $182,048,500
1978 $187,554,500
1979 $216,235,700
1980 $159,257,500
1981 $107,377,900
1982 $119,538,500
1983 $119,720,800
1984 $133,089,600
1985 $111,032,000
1986 $117,554,400
1987 $113,745,600
1988 $56,564,000
1989 $27,516,000
1990 $46,574,230
1991 $112,325,600
1992 $204,581,800
1993 $105,511,000
1994 $179,216,200
1995 $269,727,700
1996 $257,091,900
1997 $586,584,300
1998 $824,230,800
1999 $1,263,789,000
2000 $1,318,912,000
2001 $1,421,478,000
2002 $1,531,435,000
2003 $1,438,960,000
2004 $1,979,756,000
2005 $2,338,187,000
2006 $2,642,085,000
2007 $2,545,869,000
2008 $2,491,985,000
2009 $2,109,755,000
2010 $2,701,659,000
2011 $2,783,412,000
2012 $2,531,803,000
2013 $3,008,344,000
2014 $3,458,314,000
2015 $3,754,266,000
2016 $3,813,545,000
2017 $4,708,098,000
2018 $4,769,082,000
2019 $5,744,253,000
2020 $8,138,458,000

Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments