Since the 2008-2009 economic crisis, Honduras has experienced a moderate recovery, driven by public investments, exports and high remittance income. In 2017, the country grew 4.8 percent and 3.5 percent in 2018, according to the latest estimates, and the growth for 2019 is expected to be 3.6 percent.
Although the economic outlook is positive, Honduras faces the highest levels of economic inequality in Latin America. Another of its great challenges is the high level of crime and violence.
Honduras is also susceptible to adverse natural phenomena such as hurricanes and droughts. Some measures to mitigate the impact of these shocks focus on strengthening the ability of households to adapt, extend risk management mechanisms based on the market and develop effective social protection networks.
World Bank studies have highlighted the importance of improving the quality of education and
diversify rural income sources, since the majority of Hondurans living in poverty reside in these areas and depend on agriculture to survive. Other studies indicate that targeted social programs have shown potential to reduce poverty.
Actual Economy
General Problems
Honduras is a low-middle income country that faces significant challenges, with about 66 percent of the population living in poverty in 2016, according to official data. In rural areas, approximately one in five Hondurans live in extreme poverty or with less than US $ 1.90 a day.
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