One of the poorest nations in the region, Honduras is a country with great inequality in the distribution of wealth. The country has few commercial resources, and its economy has often been damaged by natural disasters. Honduras relies upon agricultural products and trade with the United State, upon which it is heavily dependent. Honduras made progress towards diversification and industrialization through the 1990s, but Hurricane Mitch in 1998 devastated the economy, causing damage officially estimated at $2 billion.
|Title of host publication||The World and its peoples: the Americas|
|Place of Publication||London|
|Number of pages||2|
|Publication status||Published - Sep 2008|