Markets Actual Q4 Q1 Q2 Q3 2022
Currency 24.06 24.11 24.16 24.22 24.27 24.38

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 1.30 4.5 3.2 2.4 2 3.6
Unemployment Rate (%) 10.90 7.9 7.4 7.4 7.4 7.4
Inflation Rate (%) 2.64 3.3 3 3 3.2 3.4
Interest Rate (%) 3.00 3 3 3.75 3.75 3.75
Balance of Trade (USD Million) -669.78 -410 -470 -470 -470 -470
Current Account (USD Million) -54.20 -350 -350 -350 -350 -350
Current Account to GDP (% of GDP) 4.00 4.2 1.2 1.2 1.2 1.2
Government Debt to GDP (% of GDP) 54.86 53.5 48 48 48 48
Government Budget (% of GDP) -6.90 -6.5 -3 -3 -3 -3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 1.30 4.5 3.2 2.4 2 3.6
GDP (USD Billion) 23.83 24.9 24.9 24.9 24.9 25.7
GDP Constant Prices (HNL Million) 54778.00 59783 53836 56531 56093 55774
Gross National Product (HNL Million) 185737.50 211603 194096 191681 190195 201083
Gross Fixed Capital Formation (HNL Million) 111158.00 138475 116160 114715 113826 120342
GDP per capita (USD) 2010.54 2100 2100 2190 2190 2190
GDP per capita PPP (USD) 5138.39 5350 5500 5500 5500 5500
GDP From Agriculture (HNL Million) 6783.00 8740 7180 7000 6946 7439
GDP From Construction (HNL Million) 1258.00 1751 1277 1298 1288 1323
GDP From Manufacturing (HNL Million) 10600.00 11503 10361 10939 10854 10734
GDP From Mining (HNL Million) 96.00 111 95.1 99.07 98.3 98.52
GDP From Public Administration (HNL Million) 2662.00 2929 2753 2747 2726 2852
GDP From Transport (HNL Million) 1920.00 2338 1852 1981 1966 1918
GDP From Utilities (HNL Million) 1630.00 1563 1440 1682 1669 1492
GDP Growth Rate (%) 6.20 3 0.8 0.8 0.8 0.8

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 10.90 7.9 7.4 7.4 7.4 7.4
Population (Million) 9.30 9.43 9.43 9.43 9.43 9.57

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.64 3.3 3 3 3.2 3.4
Consumer Price Index CPI (points) 353.60 361 364 367 365 374
Inflation Expectations (%) 4.65 4.5 4.5 4.5 4.5 4.5
Inflation Rate Mom (%) -1.45 0.5 0.5 0.3 0.3 0.3
Food Inflation (%) 1.01 5.6 3 3 3 5
Core Inflation Rate (%) 4.76 4.5 4.3 4.3 4.2 4.1
Cpi Housing Utilities (points) 400.20 425 407 413 416 421
CPI Transportation (points) 398.30 400 402 404 405 406

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 3.00 3 3 3.75 3.75 3.75
Deposit Interest Rate (%) 8.13 8.3 8.13 8.13 8.88 8.88
Foreign Exchange Reserves (USD Million) 8418.21 4500 4500 4500 4500 4500

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -669.78 -410 -470 -470 -470 -470
Current Account (USD Million) -54.20 -350 -350 -350 -350 -350
Current Account to GDP (% of GDP) 4.00 4.2 1.2 1.2 1.2 1.2
Imports (USD Million) 1085.66 890 890 890 890 890
Exports (USD Million) 473.84 420 420 420 420 420
External Debt (USD Million) 10874.60 9600 9600 9600 9600 9600
Remittances (USD Million) 619.30 420 420 420 420 450
Foreign Direct Investment (USD Million) 311.40 160 160 160 160 280
Capital Flows (USD Million) 163.80 800 800 800 800 800

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 54.86 53.5 48 48 48 48
Government Budget (% of GDP) -6.90 -6.5 -3 -3 -3 -3
Government Spending (HNL Million) 7426.00 7845 7820 7664 7604 8101
Military Expenditure (USD Million) 392.00 390 400 400 400 400

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q4 Q1 Q2 Q3 2022
Leading Economic Index (% ) 20.90 3.7 3.7 3.7 3.7 3.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (HNL Million) 43946.00 44701 43731 45352 45001 45305
Private Sector Credit (HNL Million) 317957.06 295000 295000 295000 295000 295000
Gasoline Prices (USD/Liter) 1.05 1 0.95 0.9 0.86 0.81

Housing Actual Q4 Q1 Q2 Q3 2022
Building Permits (Units) 468.00 460 460 460 460 530


This page has economic forecasts for Honduras including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Honduras economy.