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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.70 7.2 6.5 6.5 6.5 7.5 percent
Inflation Rate 4.70 4.2 4 3.8 3.6 4.3 percent
Interest Rate 5.50 5.5 5.5 5.5 5.5 5.75 percent
Balance of Trade -578.62 -510 -400 -455 -595 -410 USD Million
Government Debt to GDP 44.42 41.6 42 42 42 43 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 24.19
24.05 24.1 24.14 24.19 24.37
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 3.90
percent
3.7 3.5 3.6 3.4 3.5
GDP 22.98
USD Billion
23.67 24.9 24.9 24.9 26.8
GDP Constant Prices 53193.00
HNL Million
54131 54521 55108 55002 58155
Gross National Product 190302.10
HNL Million
197343 196963 197153 196772 212012
Gross Fixed Capital Formation 124535.90
HNL Million
129144 128895 129019 128770 138743
GDP per capita 2210.59
USD
2400 2500 2500 2500 2580
GDP per capita PPP 4541.80
USD
4561 4600 4600 4600 4750
GDP From Agriculture 7741.00
HNL Million
7988 7788 8020 8004 8582
GDP From Construction 1554.00
HNL Million
1663 1569 1610 1607 1787
GDP From Manufacturing 10193.00
HNL Million
10179 10629 10560 10540 10936
GDP From Mining 101.00
HNL Million
101 101 105 104 108
GDP From Public Administration 2643.00
HNL Million
2772 2709 2738 2733 2978
GDP From Transport 2076.00
HNL Million
2114 2121 2151 2147 2272
GDP From Utilities 1357.00
HNL Million
1394 1389 1406 1403 1497
GDP Growth Rate 1.00
percent
1.6 1.2 0.6 1.7 1.4
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.70
percent
7.2 6.5 6.5 6.5 7.5
Population 8.87
Million
8.95 9.1 9.1 9.1 9.2
Living Wage Family 9210.00
HNL/Month
9290 9370 9370 9370 9300
Living Wage Individual 5350.00
HNL/Month
5350 5350 5350 5350 5350
Wages High Skilled 16500.00
HNL/Month
18000 18500 18500 18500 19000
Wages Low Skilled 8210.00
HNL/Month
8800 9200 9200 9200 9400
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.70
percent
4.2 4 3.8 3.6 4.3
Consumer Price Index CPI 320.90
Index Points
323 327 328 331 350
Inflation Expectations 4.61
percent
4.62 4.62 4.62 4.62 4.62
Inflation Rate Mom 0.56
percent
0.8 0.4 0.4 0.2 0.6
Cpi Housing Utilities 372.90
Index Points
372 375 379 381 403
CPI Transportation 362.90
Index Points
358 362 368 374 389
Food Inflation 3.44
percent
3.1 2.8 3.48 3.48 3
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.50
percent
5.5 5.5 5.5 5.5 5.75
Money Supply M0 24076.04
HNL Million
24508 24676 24523 24500 24530
Deposit Interest Rate 8.30
percent
8.3 8.3 8.3 8.3 8.55
Money Supply M1 61363.86
HNL Million
61543 61958 61970 61916 61923
Money Supply M2 239918.89
HNL Million
240003 240059 240079 240084 240084
Money Supply M3 324212.51
HNL Million
324832 325055 325125 325148 325163
Foreign Exchange Reserves 4392.40
USD Million
4060 4150 4250 4300 4500
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -578.62
USD Million
-510 -400 -455 -595 -410
Exports 365.27
USD Million
370 440 415 325 480
Imports 943.89
USD Million
880 840 870 920 890
Current Account -92.60
USD Million
-330 225 -100 -260 -360
Current Account to GDP -1.70
percent
-3.1 -3.3 -3.3 -3.3 -3.5
External Debt 8638.30
USD Million
8710 8680 8760 8755 8840
Remittances 389.10
USD Million
410 425 435 415 400
Gold Reserves 0.69
Tonnes
0.69 0.69 0.69 0.69 0.69
Terrorism Index 1.56
1.75 1.7 1.7 1.7 1.8
Capital Flows 188.00
USD Million
375 320 160 140 180
Foreign Direct Investment 301.60
USD Million
380 315 285 210 375
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 44.42
percent
41.6 42 42 42 43
Government Budget -2.70
percent of GDP
-2.8 -2.8 -2.8 -2.8 -2.7
Government Spending 6890.00
HNL Million
7326 7251 7138 7124 7871
Military Expenditure 361.30
USD Million
370 380 380 380 390
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Changes in Inventories 4272.10
HNL Million
35.04 -4.11 -43.28 -82.45 3533
Internet Speed 3156.44
KBps
3130 3130 3130 3130 3130
IP Addresses 134210.00
IP
161828 165569 169435 173310 206432
Leading Economic Index 3.10
percent
3.6 3.4 3.6 3.6 3.4
Competitiveness Index 52.46
Points
52.96 52.96 52.96 52.96 55.46
Competitiveness Rank 101.00
101 101 101 101 101
Ease of Doing Business 121.00
115 116 116 116 117
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 39764.00
HNL Million
40430 40707 41196 41116 43435
Private Sector Credit 246397.36
HNL Million
260000 270000 275000 280000 295000
Gasoline Prices 1.02
USD/Liter
1.01 0.99 0.97 0.95 0.88
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Building Permits 553.00
Units
535 560 580 565 650
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 26.79
celsius
23.36 24.04 25.45 25.45 25.3



Honduras - Economic Forecasts - 2018-2020 Outlook