The economy of Honduras grew 3.1 percent year-on-year in the third quarter of 2018, slower than a 4.1 percent rise in the previous period. It is the weakest expansion since the third quarter of 2016. Output slowed mostly in: agriculture (2.4% vs 4% in Q2); manufacturing (2.1% vs 3%); construction (1.4% vs 4.7%); utilities (4.6% vs 6.6%); trade, hotels & restaurants (3.7% vs 4.6%); transport & storage (5.7% vs 6.2%) and finance & insurance (5.9% vs 8.5%). On a quarterly basis, the GDP advanced 0.7 percent, after expanding 1.1 percent in the second quarter of 2018. GDP Annual Growth Rate in Honduras averaged 3.66 percent from 1990 until 2018, reaching an all time high of 6.60 percent in the fourth quarter of 2006 and a record low of -2.40 percent in the fourth quarter of 2009.
GDP Annual Growth Rate in Honduras is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Honduras to stand at 3.80 in 12 months time. In the long-term, the Honduras GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.