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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.30 7 7 7 7.2 7.5 percent [+]
Inflation Rate 4.10 3.7 3.8 3.9 3.6 3.8 percent [+]
Interest Rate 5.50 5.5 5.5 5.75 5.75 5 percent [+]
Balance of Trade -316.80 -442 -445 -445 -445 -445 USD Million [+]
Government Debt to GDP 38.45 37.6 36.6 35.59 35.04 35.27 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 23.36 23.56 23.8 24.5 24.26 28 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 4.90 3.7 3.7 3.7 3.4 3.8 percent [+]
GDP 20.42 21.13 20.83 20.98 21.15 23.65 USD Billion [+]
GDP Constant Prices 50058.00 50094 50102 50115 50113 50114 HNL Million [+]
Gross National Product 181505.20 183358 184490 185623 186518 195023 HNL Million [+]
Gross Fixed Capital Formation 106898.10 110029 110257 110485 112141 127308 HNL Million [+]
GDP per capita 2313.05 2382 2331 2382 2350 2526 USD [+]
GDP per capita PPP 4785.09 4797 4824 4851 4867 5097 USD [+]
Gdp From Agriculture 6941.00 7059 7114 7182 7243 7946 HNL Million [+]
Gdp From Construction 1439.00 1428 1430 1433 1416 1430 HNL Million [+]
Gdp From Manufacturing 9638.00 9762 9835 9897 9957 10618 HNL Million [+]
Gdp From Mining 88.00 86.26 87.69 87.48 86.3 87.93 HNL Million [+]
Gdp From Public Administration 2561.00 2577 2579 2593 2597 2605 HNL Million [+]
Gdp From Transport 1968.00 1960 1973 1997 2013 2162 HNL Million [+]
Gdp From Utilities 1293.00 1239 1252 1267 1234 1253 HNL Million [+]
Gdp Growth Rate 1.70 1.16 1.03 0.76 1.07 0.82 percent [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.30 7 7 7 7.2 7.5 percent [+]
Population 8.58 8.62 8.65 8.69 8.71 9.11 Million [+]
Living Wage Family 7924.60 8245 8245 8245 8245 8245 HNL/Month [+]
Living Wage Individual 5254.00 5237 5185 5226 5194 5209 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.10 3.7 3.8 3.9 3.6 3.8 percent [+]
Consumer Price Index CPI 303.00 320 340 360 362 450 Index Points [+]
Inflation Rate Mom 0.30 0.2 0.29 0.3 0.3 0.31 percent [+]
Cpi Transportation 335.40 335 335 335 335 335 Index Points [+]
Food Inflation 1.54 1.97 2.21 2.3 2.32 2.33 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 5.50 5.5 5.5 5.75 5.75 5 percent [+]
Money Supply M0 22993.21 21050 21326 21657 21506 21497 HNL Million [+]
Deposit Interest Rate 9.70 9.95 9.66 9.37 9.33 9.56 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -316.80 -442 -445 -445 -445 -445 USD Million [+]
Exports 421.15 340 306 348 364 345 USD Million [+]
Imports 737.99 729 731 731 731 731 USD Million [+]
Current Account -334.40 -76.78 -290 -287 -155 -224 USD Million [+]
Current Account to GDP -6.40 -7.04 -7.34 -7.64 -7.84 -7.46 percent [+]
External Debt 8131.20 8226 8232 8232 8232 8232 USD Million [+]
Remittances 3649.80 3397 3456 3516 3507 3827 USD Million [+]
Gold Reserves 0.62 0.6 0.6 0.61 0.63 0.65 Tonnes [+]
Terrorism Index 1.14 2.5 2.65 2.81 2.82 1.9 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 38.45 37.6 36.6 35.59 35.04 35.27 percent [+]
Government Budget -4.40 -5.45 -5.24 -5.03 -5.26 -5.69 percent of GDP [+]
Government Spending 6912.00 6911 6910 6910 6910 6910 HNL Million [+]
Military Expenditure 346.50 335 339 343 344 344 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories 4531.20 -2719 -3289 -3858 -3447 -1137 HNL Million [+]
Leading Economic Index 5.40 5.24 5.17 5.16 5.16 5.16 percent [+]
Competitiveness Index 3.98 3.93 3.93 3.93 4 4 Points [+]
Competitiveness Rank 88.00 93 93 93 101 89 [+]
Corruption Index 30.00 29 29 28 28 27 Points [+]
Corruption Rank 123.00 120 123 125 122 117 [+]
Ease of Doing Business 105.00 103 104 105 105 105 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 36761.00 36749 36745 36743 36744 36744 HNL Million [+]
Gasoline Prices 0.85 0.84 0.84 0.84 0.84 0.84 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Corporate Tax Rate 30.00 30.82 31.05 31.29 31.2 30.62 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]