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 24.18
 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 23938.52
HNL Million		 24936 24898 24761 24768 24783
Deposit Interest Rate 8.30
percent		 8.3 8.3 8.3 8.3 8.55
Money Supply M1 63081.77
HNL Million		 63656 63489 63472 63498 63495
Money Supply M2 240829.81
HNL Million		 242444 242722 242805 242829 242837
Money Supply M3 326184.30
HNL Million		 329664 330804 331318 331548 331732
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 243200.17
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