Honduras

In 1997 the Honduran economy developed in an increasingly stable environment, thanks to a conjunction of domestic and external factors which reversed its unfavourable performance of the previous year. Gross domestic product (GDP) increased by 4.5%, inflation slowed significantly, and progress was made in fiscal consolidation. The current account deficit was reduced by almost than half, while capital inflows continued to increase, contributing to an accumulation of almost US$ 300 million in international reserves. In the labour market, although there were high levels of underemployment, real wages made a strong recovery.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions