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Remittances and free zones to the rescue in Honduras

Wednesday, September 12, 2018

Coffee, remittances from migrants, and the free-sone assembly plants are the three principal supports of the economy of Honduras.

Right now, coffee is in bad shape, with international prices at the lowest in several years. But the two others are doing very well, thank you.

The free zone assembly plants scooped up $223 million in foreign direct investment in the first quarter and this year 15,000 new jobs are expected.

Remittances through August topped $3.2 billion, an annual increase of more than 9 percent.