Honduras

Stimulated by a generally favourable external environment, the Honduran economy recorded 4.1% growth (compared with 5.0% in 2004). GDP growth was led by domestic demand, especially private consumption (7.9%), and by significant inflows of family remittances. Notwithstanding the high cost of fuel, annual inflation stood at 7.7% (down from 9.2% in 2004). National open unemployment diminished from 5.9% to 4.1%. The balance-of-payments current-account deficit hit a record low of 0.5% of GDP, owing to copious inflows of current transfers, which offset the chronic trade deficit.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions