Honduras | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7.40 7 7.2 7.2 7 7.5 percent [+]
Inflation Rate 3.84 3.9 3.8 3.8 3.7 3.6 percent [+]
Interest Rate 5.50 5.5 5.5 5.5 5.5 5.75 percent [+]
Balance of Trade -392.30 -382 -373 -365 -357 -302 USD Million [+]
Government Debt to GDP 38.45 39.4 39.62 39.85 40.07 41.7 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 23.38 23.09 22.85 22.62 22.39 19.82 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 4.90 4.7 4.5 4.8 5.3 4.7 percent [+]
GDP 21.52 22.3 22.47 22.65 22.82 23.9 USD Billion [+]
GDP Constant Prices 51244.00 51900 52200 52350 54000 56000 HNL Million [+]
Gross National Product 181505.20 184482 184895 185308 185721 186145 HNL Million [+]
Gross Fixed Capital Formation 106898.10 102343 101817 101292 100767 96636 HNL Million [+]
GDP per capita 2313.05 2382 2327 2328 2329 2526 USD [+]
GDP per capita PPP 4392.30 4409 4410 4411 4412 4392 USD [+]
Gdp From Agriculture 7347.00 7433 7417 7399 7370 7068 HNL Million [+]
Gdp From Construction 1479.00 1442 1438 1425 1418 1403 HNL Million [+]
Gdp From Manufacturing 9925.00 10227 10176 10309 10300 10035 HNL Million [+]
Gdp From Mining 92.00 88.48 90.29 90.42 89.87 91.28 HNL Million [+]
Gdp From Public Administration 2621.00 2628 2626 2621 2616 2570 HNL Million [+]
Gdp From Transport 2049.00 2081 2091 2095 2096 2042 HNL Million [+]
Gdp From Utilities 1303.00 1267 1259 1247 1239 1192 HNL Million [+]
Gdp Growth Rate 0.50 0.6 1.5 1.1 0.9 1 percent [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7.40 7 7.2 7.2 7 7.5 percent [+]
Population 8.72 8.84 8.87 8.9 8.93 9.17 Million [+]
Living Wage Family 7924.60 8050 8055 8058 8059 8060 HNL/Month [+]
Living Wage Individual 5254.00 5287 5287 5287 5287 5287 HNL/Month [+]
Wages High Skilled 15000.00 14020 14020 14020 14020 14020 HNL/Month [+]
Wages Low Skilled 6810.00 3581 3581 3581 3581 3581 HNL/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 3.84 3.9 3.8 3.8 3.7 3.6 percent [+]
Consumer Price Index CPI 305.70 306 306 306 306 310 Index Points [+]
Inflation Rate Mom 0.00 0.35 0.3 0.3 0.3 0.7 percent [+]
CPI Transportation 337.90 340 339 339 339 336 Index Points [+]
Food Inflation 0.49 0.8 0.7 0.8 0.9 0.8 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 5.50 5.5 5.5 5.5 5.5 5.75 percent [+]
Money Supply M0 22270.71 22012 21829 21649 21472 20020 HNL Million [+]
Deposit Interest Rate 8.60 8.84 8.97 9.09 9.22 10.26 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -392.30 -382 -373 -365 -357 -302 USD Million [+]
Exports 387.80 334 312 293 277 204 USD Million [+]
Imports 843.20 823 818 814 810 775 USD Million [+]
Current Account 259.40 -90 25 60 -100 -90 USD Million [+]
Current Account to GDP -2.30 -5.17 -5.58 -6 -6.42 -5.31 percent [+]
External Debt 8232.30 8145 8084 8023 7964 7480 USD Million [+]
Remittances 3649.80 3808 3820 3832 3844 3700 USD Million [+]
Gold Reserves 0.62 0.62 0.64 0.66 0.68 0.65 Tonnes [+]
Terrorism Index 1.14 2.87 2.85 2.83 2.81 1.93 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 38.45 39.4 39.62 39.85 40.07 41.7 percent [+]
Government Budget -4.40 -3.76 -3.79 -3.82 -3.85 -3.64 percent of GDP [+]
Government Spending 6794.00 7766 8230 8677 9092 11682 HNL Million [+]
Military Expenditure 346.50 345 343 341 340 308 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories 4531.20 1076 809 542 276 2941 HNL Million [+]
Leading Economic Index 5.40 5.09 5.07 5.06 5.05 5.02 percent [+]
Competitiveness Index 3.98 3.91 3.91 3.91 3.92 3.79 Points [+]
Competitiveness Rank 88.00 90 90 89 89 90 [+]
Corruption Index 30.00 28 28 28 28 27 Points [+]
Corruption Rank 123.00 125 122 119 116 117 [+]
Ease of Doing Business 105.00 108 109 109 110 114 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 37225.00 41205 43078 44877 46567 57770 HNL Million [+]
Gasoline Prices 0.88 0.89 0.88 0.88 0.88 0.85 USD/Liter [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Corporate Tax Rate 30.00 30 30.02 30.03 30.05 30.11 percent [+]
Sales Tax Rate 15.00 14.19 13.97 13.75 13.52 12.18 percent [+]