Honduras - Logistics performance index: Efficiency of customs clearance process (1=low to 5=high)
The value for Logistics performance index: Efficiency of customs clearance process (1=low to 5=high) in Honduras was 2.24 as of 2018. As the graph below shows, over the past 11 years this indicator reached a maximum value of 2.70 in 2014 and a minimum value of 2.21 in 2016.
Definition: Data are from Logistics Performance Index surveys conducted by the World Bank in partnership with academic and international institutions and private companies and individuals engaged in international logistics. 2009 round of surveys covered more than 5,000 country assessments by nearly 1,000 international freight forwarders. Respondents evaluate eight markets on six core dimensions on a scale from 1 (worst) to 5 (best). The markets are chosen based on the most important export and import markets of the respondent's country, random selection, and, for landlocked countries, neighboring countries that connect them with international markets. Details of the survey methodology are in Arvis and others' Connecting to Compete 2010: Trade Logistics in the Global Economy (2010). Respondents evaluated efficiency of customs clearance processes (i.e. speed, simplicity and predictability of formalities), on a rating ranging from 1 (very low) to 5 (very high). Scores are averaged across all respondents.
Source: World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The
Aggregation method: Unweighted average
Sub-Topic: Trade facilitation