Honduras

In 1995 the Honduran economy grew by 3.2% thanks to the removal of a number of obstacles which were hampering economic activity and which had caused output to decline the preceding year. Conditions in external markets, in particular, were more favourable, and this had a very positive effect on the terms of trade. This improvement also influenced the trade balance and helped bring down the balance-of-payments current account deficit. The public sector’s financial deficit also narrowed, mainly as a result of the tax changes that had come into effect during the preceding fiscal year. Nevertheless, the inflation rate remained quite high, which affected the purchasing power of large groups of the population.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions