Economy

Economic growth in the last few years has averaged 7% a year, one of the highest rates in Latin America (2010). In 2010 50% of the population were below the poverty line.^[40] It is estimated that there are more than 1.2 million people who areunemployed, the rate of unemployment standing at 27.9%. According to theHuman Development Index, Honduras is the sixth poorest/least developed country in Latin America, after Haiti, Nicaragua, Guatemala, Guyana, and Bolivia.

Honduras was declared one of theheavily indebted poor countries by theWorld Bank and the International Monetary Fund, and was made eligible for debt relief in 2005.