Markets Actual Q1 Q2 Q3 Q4 2020
Currency 24.29 24.27 24.27 24.27 24.27 24.27
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.10 3.5 3.6 3.4 3.8 3.5
Unemployment Rate (%) 6.70 6.5 6.5 6.5 6.5 7.5
Inflation Rate (%) 4.20 4 3.8 3.6 4 4.3
Interest Rate (%) 5.75 5.5 5.5 5.5 5.5 5.75
Balance of Trade (USD Million) -567.34 -400 -455 -595 -475 -410
Current Account (USD Million) -92.60 225 -100 -260 -340 -360
Current Account to GDP (%) -1.70 -3.3 -3.3 -3.3 -3.3 -3.5
Government Debt to GDP (%) 44.42 42 42 42 42 43
Government Budget (% of GDP) -2.70 -2.8 -2.8 -2.8 -2.8 -2.7
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.10 3.5 3.6 3.4 3.8 3.5
GDP (USD Billion) 22.98 24.9 24.9 24.9 24.9 24.9
GDP Constant Prices (HNL Million) 53765.00 54521 55108 55002 55214 57147
Gross National Product (HNL Million) 190302.10 196963 197153 196772 197534 204447
Gross Fixed Capital Formation (HNL Million) 124535.90 128895 129019 128770 129268 133793
GDP per capita (USD) 2210.59 2500 2500 2500 2500 2580
GDP per capita PPP (USD) 4541.80 4600 4600 4600 4600 4750
GDP From Agriculture (HNL Million) 7860.00 7788 8020 8004 8035 8316
GDP From Construction (HNL Million) 1575.00 1569 1610 1607 1613 1670
GDP From Manufacturing (HNL Million) 10345.00 10629 10560 10540 10580 10951
GDP From Mining (HNL Million) 100.00 101 105 104 105 109
GDP From Public Administration (HNL Million) 2634.00 2709 2738 2733 2743 2839
GDP From Transport (HNL Million) 2103.00 2121 2151 2147 2155 2230
GDP From Utilities (HNL Million) 1406.00 1389 1406 1403 1409 1458
GDP Growth Rate (%) 0.70 1.2 0.6 1.7 1.2 1.4
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.70 6.5 6.5 6.5 6.5 7.5
Population (Million) 8.87 9.1 9.1 9.1 9.1 9.2
Living Wage Family (HNL/Month) 9210.00 9370 9370 9370 9370 9300
Wages High Skilled (HNL/Month) 16500.00 18500 18500 18500 18500 19000
Wages Low Skilled (HNL/Month) 8210.00 9200 9200 9200 9200 9400
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.20 4 3.8 3.6 4 4.3
Consumer Price Index CPI (Index Points) 323.20 327 328 331 336 350
Inflation Rate Mom (%) 0.19 0.4 0.4 0.2 1 0.6
Cpi Housing Utilities (Index Points) 376.00 375 379 381 388 404
CPI Transportation (Index Points) 363.60 362 368 374 377 394
Food Inflation (%) 2.25 2.8 3.48 3.48 2.4 3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.75 5.5 5.5 5.5 5.5 5.75
Deposit Interest Rate (%) 8.30 8.3 8.3 8.3 8.3 8.3
Foreign Exchange Reserves (USD Million) 4224.90 4150 4250 4300 4350 4500
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -567.34 -400 -455 -595 -475 -410
Current Account (USD Million) -92.60 225 -100 -260 -340 -360
Current Account to GDP (%) -1.70 -3.3 -3.3 -3.3 -3.3 -3.5
Imports (USD Million) 852.89 840 870 920 860 890
Exports (USD Million) 285.55 440 415 325 385 480
External Debt (USD Million) 8647.10 8680 8760 8755 8800 8840
Remittances (USD Million) 389.10 425 435 415 430 400
Capital Flows (USD Million) 188.00 320 160 140 270 180
Foreign Direct Investment (USD Million) 301.60 315 285 210 400 375
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 44.42 42 42 42 42 43
Government Budget (% of GDP) -2.70 -2.8 -2.8 -2.8 -2.8 -2.7
Government Spending (HNL Million) 7055.00 7251 7138 7124 7152 7402
Military Expenditure (USD Million) 361.30 380 380 380 380 390
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Business Actual Q1 Q2 Q3 Q4 2020
Leading Economic Index (% ) 5.30 3.4 3.6 3.6 3.8 3.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (HNL Million) 40201.00 40707 41196 41116 41275 42720
Private Sector Credit (HNL Million) 259919.53 270000 275000 280000 285000 295000
Gasoline Prices (USD/Liter) 0.86 0.87 0.85 0.83 0.81 0.81
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (Units) 449.00 560 580 565 600 650


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.