Honduras » Introduction

Basic Economic Facts

GDP composition by Sector

Honduras is a country located in Latin America with GDP per capita at US$3,000 per year (2006). It is estimated that there are more than 1.2 million people who are unemployed, the rate of unemployment standing at 27.9%. In 2005 Honduras signed the CAFTA (Free Trade Agreement with USA). In December 2005, Honduras' main seaport Puerto Cortes was included in the U.S. Container Security Initiative.

Economic growth in the last few years has averaged 5% a year, but 50% of the population still remain below the poverty line. It is estimated that there are more than 1.2 million people who are unemployed, the rate of unemployment standing at 27.9%.

The U.S. Departments of Homeland Security (DHS) and Energy (DOE) declared the first phase of the Secure Freight Initiative on December 7, 2006. The initial phase of Secure Freight involves the strategic of a combination of existing technology and proven nuclear detection devices to six foreign ports: Port Qasim in Pakistan; Puerto Cortes in Honduras; Southampton in the United Kingdom; Port Salalah in Oman; Port of Singapore; and the Gamman Terminal at Port Busan in Korea.