The Economic Toll On Honduras

The political crisis in Honduras this year has set the country back in many ways, not the least of which is economically. Honduras, which was already the second poorest country in the Western Hemisphere, has been hit even harder. What little tourism there was has been decimated. Tourism has been down by as much as 80%. Restaurants, bars and hotels are disappearing.

The unemployment rate was at 28% six months ago. Unemployment is now over 50% in Honduras. Before the political crises the average person in Honduras made only $3000 a year and 70% of the country lived in poverty. This is now much worse.

What the worldwide financial crisis and recession started, the political crisis only compounded. In protest of the political situation the world’s governments cut over $1 billion in financial aide to Honduras.

Gifts and support sent from family members living abroad normally accounts for 25% of Honduras’ gross domestic product. Because of the worldwide economy that amount is down 13%.

Please pray for the people of Honduras.