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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.70 7.2 7.2 6.5 6.5 7.5 percent
Inflation Rate 4.00 3.7 3.7 3.6 3.8 4.3 percent
Interest Rate 5.50 5.5 5.5 5.5 5.5 5.75 percent
Balance of Trade -454.11 -385 -380 -370 -380 -380 USD Million
Government Debt to GDP 38.45 41.6 41.6 41 41 39 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 23.96
24.08 24.22 24.36 24.5 25.08
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.10
percent
3.6 3.8 3.7 3.7 3.7
GDP 22.98
USD Billion
23.62 23.67 24.9 24.9 26.8
GDP Constant Prices 52687.00
HNL Million
54018 54182 54636 54636 58321
Gross National Product 190302.10
HNL Million
188039 197534 197343 197343 212626
Gross Fixed Capital Formation 124535.90
HNL Million
110746 129268 129144 129144 139145
GDP per capita 2210.59
USD
2400 2400 2500 2500 2580
GDP per capita PPP 4541.80
USD
4564 4561 4600 4600 4750
Gdp From Agriculture 7532.00
HNL Million
7908 7993 7811 7811 8603
Gdp From Construction 1527.00
HNL Million
1643 1661 1583 1583 1788
Gdp From Manufacturing 10249.00
HNL Million
10555 10188 10628 10628 10966
Gdp From Mining 99.00
HNL Million
103 99.65 103 103 107
Gdp From Public Administration 2643.00
HNL Million
2647 2771 2741 2741 2983
Gdp From Transport 2062.00
HNL Million
2060 2111 2138 2138 2273
Gdp From Utilities 1349.00
HNL Million
1363 1388 1399 1399 1494
Gdp Growth Rate 0.90
percent
1.1 1.3 0.7 1 1
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.70
percent
7.2 7.2 6.5 6.5 7.5
Population 8.87
Million
8.95 8.95 9.1 9.1 9.2
Living Wage Family 9270.00
HNL/Month
9290 9290 9370 9370 9300
Living Wage Individual 5550.00
HNL/Month
5550 5550 5550 5550 5550
Wages High Skilled 17300.00
HNL/Month
18000 18000 18500 18500 19000
Wages Low Skilled 8740.00
HNL/Month
8800 8800 9200 9200 9400
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.00
percent
3.7 3.7 3.6 3.8 4.3
Consumer Price Index CPI 316.40
Index Points
317 322 325 328 349
Inflation Expectations 4.80
percent
4.79 4.78 4.78 4.78 4.78
Inflation Rate Mom 0.41
percent
0.2 0.3 0.3 0.4 0.6
Cpi Housing Utilities 362.80
Index Points
367 370 374 377 401
CPI Transportation 352.40
Index Points
354 357 360 366 387
Food Inflation 3.38
percent
3.9 3.1 2.8 2.69 3
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.50
percent
5.5 5.5 5.5 5.5 5.75
Money Supply M0 25261.36
HNL Million
25006 25280 25166 25113 25147
Deposit Interest Rate 8.30
percent
8.3 8.3 8.3 8.3 8.55
Money Supply M1 63045.75
HNL Million
62800 63252 63186 63130 63153
Money Supply M2 235294.79
HNL Million
236571 236521 236533 236542 236544
Money Supply M3 316652.51
HNL Million
319227 319403 319487 319522 319546
Foreign Exchange Reserves 4651.10
USD Million
4670 4680 4700 4740 4700
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -454.11
USD Million
-385 -380 -370 -380 -380
Exports 413.98
USD Million
460 480 470 485 500
Imports 868.09
USD Million
845 860 840 865 880
Current Account -414.80
USD Million
-350 -370 -350 -365 -450
Current Account to GDP -1.70
percent
-3.3 -3.3 -2.5 -2.5 -2.4
External Debt 8525.80
USD Million
8518 8518 8518 8518 8518
Remittances 456.20
USD Million
460 480 500 540 510
Gold Reserves 0.62
Tonnes
0.66 0.68 0.69 0.7 0.65
Terrorism Index 1.56
1.75 1.75 1.7 1.7 1.8
Capital Flows 447.20
USD Million
334 405 409 357 371
Foreign Direct Investment 318.30
USD Million
292 310 295 292 295
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 38.45
percent
41.6 41.6 41 41 39
Government Budget -2.70
percent of GDP
-2.8 -2.8 -3 -3 -2.7
Government Spending 6905.00
HNL Million
7054 7346 7160 7160 7907
Military Expenditure 361.30
USD Million
370 370 380 380 390
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories 4272.10
HNL Million
566 35.04 -4.11 -43.28 3533
Internet Speed 3156.44
KBps
3130 3130 3130 3130 3130
IP Addresses 134210.00
IP
157901 161828 165569 169435 206432
Leading Economic Index 4.20
percent
3.7 3.7 3.6 3.8 3.8
Competitiveness Index 3.92
Points
3.92 3.92 3.94 3.94 3.96
Competitiveness Rank 96.00
96 96 94 94 94
Ease of Doing Business 115.00
115 115 116 116 117
Corruption Index 29.00
Points
29 29 28 28 28
Corruption Rank 135.00
135 135 137 137 137
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 39155.00
HNL Million
40012 40501 40604 40604 43595
Private Sector Credit 229650.80
HNL Million
237015 240988 244822 248540 280204
Gasoline Prices 0.99
USD/Liter
0.94 0.88 0.84 0.79 0.58
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Building Permits 575.00
Units
464 463 464 464 464
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 26.79
celsius
25.32 23.36 24.04 25.45 25.3