page_title: Tegucigalpa
section_title: Economy
hierarchical_section_title: Tegucigalpa / Economy
caption_attribution_description: English: Sky Residence Club tower, tallest building in Tegucigalpa and Honduras.Español: Torre Sky Residence Club, edificio más alto de Tegucigalpa y Honduras.
context_page_description: Tegucigalpa, formally Tegucigalpa, Municipality of the Central District, and colloquially referred to as Tegus or Teguz, is the capital and largest city of Honduras along with its twin sister, Comayagüela.
  Claimed on 29 September 1578 by the Spaniards, Tegucigalpa became the country's capital on October 30, 1880, under President Marco Aurelio Soto, when he moved the capital from Comayagua. The Constitution of Honduras, enacted in 1982, names the sister cities of Tegucigalpa and Comayagüela as a Central District to serve as the permanent national capital, under articles 8 and 295.
  After the dissolution of the Federal Republic of Central America in 1841, Honduras became an individual sovereign nation with Comayagua as its capital. The capital was moved to Tegucigalpa in 1880. On January 30, 1937, Article 179 of the 1936 Honduran Constitution was changed under Decree 53 to establish Tegucigalpa and Comayagüela as a Central District.
  Tegucigalpa is located in the southern-central highland region known as the department of Francisco Morazán of which it is also the departmental capital. It is situated in a valley, surrounded by mountains.
context_section_description: The Central District has an economy equal to 19.3 percent of country's GDP.  In 2009, the city's revenue and expenditures budget was L.2,856,439,263 (US$151,214,182)  while in 2010 it was L.2,366,993,208 (US$125,204,606).  57.9 percent or L.43.860 billion (US$2.318 billion) of the country's national budget is spent within the Central District.
  The District's active labor force is 367,844 people of which 56,035 are employed in the public sector.  In 2009, the unemployment rate in Tegucigalpa was 8.1 percent, and an unemployed person may spend as much as four months seeking employment. There are 32,665 business establishments throughout the capital, the most of any city in the country.  The size of these businesses is broken down as follows: micro-enterprises (73.2%), small businesses (9.63%), medium-sized businesses (7.47%), large companies (0.28%), and the remainder unreported (9.62%).
  The city's major economic sources are commerce, construction, services, textiles, sugar, and tobacco.  Economic activity is broken down as follows: commerce—including wholesale, retail, auto repair, household goods (42.86%); manufacturing industry (16.13%), hospitality—hotels and restaurants (14.43%), banking and real estate (10.12%), social and personal services (8.94%), health-related services (3.90%), and others (3.60%).
  The industrial production taking place in the region includes textiles, clothing, sugar, cigarettes, lumber, plywood, paper, ceramics, cement, glass, metalwork, plastics, chemicals, tires, electrical appliances, and farm machinery.  Maquiladora duty-free assembly plants have been established in an industrial park in the Amarateca valley, on the northern highway. Silver, lead and zinc are still mined in the outskirts of the city.
caption: Sky Residence Club, the tallest building in the city, standing at 318 feet (97 meters) in the Lomas del Mayab neighborhood
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