Honduras

Economic growth accelerated from to 4.1% in 2005 to 6% in 2006 —its highest rate since 1993. This buoyant performance reflected rises in investment and private consumption fuelled by significant inflows of family remittances (which represent 26% of GDP). Per capita GDP rose for the third year running, while the nationwide unemployment rate dropped to 3.3%, although underemployment remained high (29.9%). Twelve-month inflation fell to 5.3%, compared with 7.7% in 2005. In the external sector, the trade deficit reached at 26% of GDP (21% in 2005). Given that the trade and income deficits were financed using current transfers, the current-account deficit was relatively small (1.9% of GDP).

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions