The Gross Domestic Product (GDP) in Honduras expanded 1.30 percent in the first quarter of 2021 over the same quarter of the previous year. source: Banco Central De Honduras

GDP Annual Growth Rate in Honduras averaged 3.23 percent from 1990 until 2021, reaching an all time high of 9 percent in the third quarter of 2005 and a record low of -18.50 percent in the second quarter of 2020. This page provides - Honduras GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Honduras GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2021.

GDP Annual Growth Rate in Honduras is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Honduras GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 3.80 percent in 2023, according to our econometric models.

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Honduras GDP Annual Growth Rate

Honduras Last Unit Reference Previous Highest Lowest
GDP Annual Growth Rate 1.30 percent Mar/21 -7.50 9.00 -18.50
GDP Constant Prices 54778.00 HNL Million Mar/21 51518.00 55756.00 26487.10
Gross National Product 185737.50 HNL Million Dec/20 202366.70 202366.70 103348.80
Gross Fixed Capital Formation 111158.00 HNL Million Dec/20 138176.60 140124.00 27487.40
GDP Growth Rate 6.20 percent Mar/21 1.70 13.90 -17.70
GDP From Utilities 1630.00 HNL Million Mar/21 1378.00 1630.00 365.40
GDP From Transport 1920.00 HNL Million Mar/21 1772.00 2218.00 995.90
GDP From Public Administration 2662.00 HNL Million Mar/21 2634.00 2785.00 1442.40
GDP From Mining 96.00 HNL Million Mar/21 91.00 179.30 69.00
GDP From Manufacturing 10600.00 HNL Million Mar/21 9915.00 10683.00 5264.70
GDP From Construction 1258.00 HNL Million Mar/21 1222.00 1788.20 879.00
GDP From Agriculture 6783.00 HNL Million Mar/21 6871.00 7858.00 3596.90

Honduras GDP Annual Growth Rate
Honduras is one of the poorest countries in Central America with more than 50 percent of its population living under poverty line. The backbone of the economy is agriculture and remittances. Honduras’ economy is also highly dependent on the United States for exports and foreign direct investment (70 percent of total FDI). In recent years efforts have been undertaken to develop the education system and infrastructure. However, corruption and bureaucracy are an obstacle for growth.