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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.70 7.2 7.2 7.2 6.5 7.5 percent
Inflation Rate 4.20 4 3.7 3.7 3.6 4.3 percent
Interest Rate 5.50 5.5 5.5 5.5 5.5 5.75 percent
Balance of Trade -306.27 -436 -431 -418 -421 -380 USD Million
Government Debt to GDP 38.45 37.6 41.6 35.6 41 36.8 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 23.79
23.73 23.9 24.06 24.23 24.9
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.60
percent
3.5 3.6 3.8 3.7 3.7
GDP 21.52
USD Billion
21.7 22 22.3 23.9 24.2
GDP Constant Prices 52240.00
HNL Million
53704 54469 54382 53650 58368
Gross National Product 190302.10
HNL Million
190217 189491 198104 195440 212625
Gross Fixed Capital Formation 124535.90
HNL Million
112029 111602 129642 127898 139144
GDP per capita 2313.05
USD
2319 2446 2446 2486 2526
GDP per capita PPP 4392.30
USD
4396 4416 4437 4562 4605
Gdp From Agriculture 7725.00
HNL Million
7790 7978 8042 7934 8631
Gdp From Construction 1610.00
HNL Million
1560 1629 1676 1653 1799
Gdp From Manufacturing 9821.00
HNL Million
10403 10619 10224 10086 10973
Gdp From Mining 98.00
HNL Million
102 101 102 101 110
Gdp From Public Administration 2671.00
HNL Million
2711 2685 2781 2743 2984
Gdp From Transport 2031.00
HNL Million
2051 2081 2114 2086 2269
Gdp From Utilities 1337.00
HNL Million
1325 1363 1392 1373 1494
Gdp Growth Rate 0.10
percent
0.2 1.9 0.2 1.8 0.5
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.70
percent
7.2 7.2 7.2 6.5 7.5
Population 8.72
Million
8.79 8.82 8.86 8.9 9.44
Living Wage Family 9270.00
HNL/Month
9290 9290 9290 9370 9370
Living Wage Individual 5550.00
HNL/Month
5550 5550 5550 5550 5550
Wages High Skilled 17300.00
HNL/Month
18000 18000 18000 18000 18000
Wages Low Skilled 8740.00
HNL/Month
8800 8800 8800 8800 8850
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.20
percent
4 3.7 3.7 3.6 4.3
Consumer Price Index CPI 314.80
Index Points
315 317 322 324 350
Inflation Rate Mom 0.22
percent
0.3 0.3 0.4 0.41 0.7
Cpi Housing Utilities 361.50
Index Points
364 367 370 372 403
CPI Transportation 349.60
Index Points
349 354 360 359 391
Food Inflation 3.95
percent
3.8 3.9 3.1 2.8 3
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.50
percent
5.5 5.5 5.5 5.5 5.75
Money Supply M0 26035.00
HNL Million
24210 24708 24970 24781 24800
Deposit Interest Rate 8.60
percent
8.79 8.52 8.25 8.34 8.8
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -306.27
USD Million
-436 -431 -418 -421 -380
Exports 438.94
USD Million
371 373 374 375 375
Imports 745.20
USD Million
806 804 800 796 755
Current Account -414.80
USD Million
60 -100 -50 -194 -90
Current Account to GDP -1.70
percent
-5.42 -5.24 -5.18 -5.31 -5.5
External Debt 8561.90
USD Million
8597 8597 8597 8597 8597
Remittances 372.60
USD Million
540 570 580 386 620
Gold Reserves 0.62
Tonnes
0.65 0.66 0.68 0.69 0.65
Terrorism Index 1.56
1.75 1.75 1.75 2.89 1.8
Capital Flows 447.20
USD Million
436 285 426 294 387
Foreign Direct Investment 392.80
USD Million
202 248 278 239 237
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 38.45
percent
37.6 41.6 35.6 41 36.8
Government Budget -2.70
percent of GDP
-2.8 -2.8 -2.8 -3.64 -2.6
Government Spending 7077.00
HNL Million
6997 7116 7367 7268 7907
Military Expenditure 361.30
USD Million
355 355 355 376 375
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Changes in Inventories 4272.10
HNL Million
1924 1634 1344 1193 2265
Internet Speed 3156.44
KBps
3130 3130 3130 3130 3130
IP Addresses 134210.00
IP
153635 157901 161828 165569 206432
Leading Economic Index 1.70
percent
4.67 4.07 5.68 4.06 4.73
Competitiveness Index 3.92
Points
3.95 3.95 3.95 3.95 3.95
Competitiveness Rank 96.00
92 92 92 92 92
Ease of Doing Business 115.00
115 115 115 115 115
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 39127.00
HNL Million
39812 40347 40731 40183 43717
Gasoline Prices 0.97
USD/Liter
0.89 0.84 0.79 0.74 0.52
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 26.79
celsius
26.3 25.32 23.36 24.04 25.3