Honduras - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.40 7.2 7.2 7.52 7.3 7.5 percent
Inflation Rate 4.57 4.3 3.8 3.7 3.7 4.6 percent
Interest Rate 5.50 5.5 5.5 5.5 5.75 5.75 percent
Balance of Trade -532.50 -514 -499 -485 -471 -355 USD Million
Government Debt to GDP 38.45 42.7 41.6 40.5 39.4 41.7 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 23.52
23.79 24.06 24.33 24.6 25.72
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 6.50
percent
4.9 4.8 4.4 4.1 3.7
GDP 21.52
USD Billion
21.47 21.75 22.02 22.3 24.3
GDP Constant Prices 52490.00
HNL Million
52200 52350 54000 53000 56000
Gross National Product 181505.20
HNL Million
181103 182229 183356 184482 186145
Gross Fixed Capital Formation 106898.10
HNL Million
109000 109000 109000 109000 116000
GDP per capita 2313.05
USD
2289 2302 2314 2446 2526
GDP per capita PPP 4392.30
USD
4347 4367 4388 4409 4373
Gdp From Agriculture 7585.00
HNL Million
7500 7550 7700 7750 7850
Gdp From Construction 1549.00
HNL Million
1507 1488 1460 1442 1418
Gdp From Manufacturing 10366.00
HNL Million
10395 10517 10462 10490 10036
Gdp From Mining 94.00
HNL Million
95.89 93.84 93.62 94.67 93.13
Gdp From Public Administration 2585.00
HNL Million
2578 2585 2573 2576 2539
Gdp From Transport 2015.00
HNL Million
2017 2014 2010 2005 1949
Gdp From Utilities 1291.00
HNL Million
1221 1216 1207 1197 1157
Gdp Growth Rate 2.00
percent
1.4 0.9 0.8 1.3 0.9
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.40
percent
7.2 7.2 7.52 7.3 7.5
Population 8.72
Million
8.68 8.73 8.79 8.84 9.26
Living Wage Family 9270.00
HNL/Month
9270 9270 9270 9270 9270
Living Wage Individual 5550.00
HNL/Month
5550 5550 5550 5550 5550
Wages High Skilled 17300.00
HNL/Month
16731 16792 16852 16913 16451
Wages Low Skilled 8740.00
HNL/Month
7388 7433 7478 7523 7219
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.57
percent
4.3 3.8 3.7 3.7 4.6
Consumer Price Index CPI 311.00
Index Points
306 306 306 307 310
Inflation Rate Mom 0.29
percent
0.3 0.3 0.3 0.4 0.7
Cpi Housing Utilities 358.20
Index Points
360 362 363 364 363
CPI Transportation 345.00
Index Points
346 345 345 344 341
Food Inflation 5.30
percent
3 3.8 3.9 3.1 3
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.50
percent
5.5 5.5 5.5 5.75 5.75
Money Supply M0 22736.10
HNL Million
22368 22196 22025 21857 20048
Deposit Interest Rate 8.60
percent
9.58 9.33 9.09 8.84 10.59
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -532.50
USD Million
-514 -499 -485 -471 -355
Exports 318.91
USD Million
296 280 265 253 191
Imports 891.51
USD Million
867 863 859 855 809
Current Account -275.60
USD Million
25 60 -100 -50 -90
Current Account to GDP -2.30
percent
-5.28 -5.24 -5.2 -5.17 -5.4
External Debt 8455.10
USD Million
8417 8361 8305 8249 7650
Remittances 402.40
USD Million
500 540 570 580 620
Gold Reserves 0.62
Tonnes
0.62 0.64 0.65 0.67 0.67
Foreign Direct Investment 189.30
USD Million
270 234 222 241 235
Terrorism Index 1.56
1.75 1.75 1.75 1.75 1.8
Capital Flows 279.60
USD Million
409 224 311 413 335
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 38.45
percent
42.7 41.6 40.5 39.4 41.7
Government Budget -2.60
percent of GDP
-2.8 -2.8 -2.8 -2.8 -2.6
Government Spending 6854.00
HNL Million
7799 8249 8679 9080 12108
Military Expenditure 346.50
USD Million
355 355 355 355 375
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Changes in Inventories 4531.20
HNL Million
1890 1619 1347 1076 1535
Internet Speed 3156.44
KBps
2944 2986 3041 2956 2798
IP Addresses 134210.00
IP
143655 145828 145640 146050 141335
Leading Economic Index 3.90
percent
5.03 5 5 5 5.02
Competitiveness Index 3.92
Points
3.92 3.92 3.92 3.92 3.84
Competitiveness Rank 96.00
93 93 93 93 90
Ease of Doing Business 115.00
111 113 115 117 121
Corruption Index 30.00
Points
29 29 29 28 26
Corruption Rank 123.00
118 120 123 125 117
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 45233.00
HNL Million
48616 50124 51558 52897 63513
Gasoline Prices 0.96
USD/Liter
0.97 0.98 0.97 0.97 0.93
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
27 27 27 27 31
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 26.79
celsius
23.99 26.3 25.32 23.36 25.3