Markets Actual Q2 Q3 Q4 Q1 2020
Currency 24.39 24.38 24.38 24.38 24.38 24.38
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.10 3.6 3.4 3.8 3.2 3.5
Unemployment Rate (%) 6.70 6.5 6.5 6.5 7.5 7.5
Inflation Rate (%) 4.09 3.8 3.6 4 4.1 4.3
Interest Rate (%) 5.75 5.75 5.5 5.5 5.5 5.75
Balance of Trade (USD Million) -472.46 -455 -595 -475 -475 -410
Current Account (USD Million) -311.90 -100 -260 -340 -340 -360
Current Account to GDP (%) -4.20 -3.6 -3.6 -3.6 -3.5 -3.5
Government Debt to GDP (%) 44.42 42 42 42 43 43
Government Budget (% of GDP) -2.70 -2.8 -2.8 -2.8 -2.7 -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 Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.10 3.6 3.4 3.8 3.2 3.5
GDP (USD Billion) 22.98 24.9 24.9 24.9 24.9 24.9
GDP Constant Prices (HNL Million) 53765.00 55315 55593 55808 55485 57761
Gross National Product (HNL Million) 199539.40 197153 196772 197534 196392 204447
Gross Fixed Capital Formation (HNL Million) 139237.80 129019 128770 129268 128521 133793
GDP per capita (USD) 2210.59 2500 2500 2500 2580 2580
GDP per capita PPP (USD) 4541.80 4600 4600 4600 4750 4750
GDP From Agriculture (HNL Million) 7860.00 7978 8127 8159 8112 8444
GDP From Construction (HNL Million) 1575.00 1622 1629 1635 1625 1692
GDP From Manufacturing (HNL Million) 10345.00 10653 10697 10738 10676 11114
GDP From Mining (HNL Million) 100.00 110 103 104 103 107
GDP From Public Administration (HNL Million) 2634.00 2745 2724 2734 2718 2830
GDP From Transport (HNL Million) 2103.00 2147 2174 2183 2170 2259
GDP From Utilities (HNL Million) 1406.00 1460 1454 1459 1451 1511
GDP Growth Rate (%) 0.70 0.6 1.7 1.2 1.2 1.4
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.70 6.5 6.5 6.5 7.5 7.5
Population (Million) 8.87 9.1 9.1 9.02 9.17 9.17
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 Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.09 3.8 3.6 4 4.1 4.3
Consumer Price Index CPI (Index Points) 327.10 328 331 336 339 351
Inflation Rate Mom (%) 0.40 0.4 0.2 1 1 0.6
Cpi Housing Utilities (Index Points) 380.10 379 381 391 394 408
CPI Transportation (Index Points) 362.30 368 374 378 373 394
Food Inflation (%) 1.28 2.7 2.5 2.4 2.5 3
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 5.75 5.75 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) 4618.60 4250 4300 4350 4350 4500
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -472.46 -455 -595 -475 -475 -410
Current Account (USD Million) -311.90 -100 -260 -340 -340 -360
Current Account to GDP (%) -4.20 -3.6 -3.6 -3.6 -3.5 -3.5
Imports (USD Million) 822.97 870 920 860 860 890
Exports (USD Million) 350.51 415 325 385 385 480
External Debt (USD Million) 9016.70 8760 8755 8800 8800 8840
Foreign Direct Investment (USD Million) 211.00 285 210 400 400 375
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 44.42 42 42 42 43 43
Government Budget (% of GDP) -2.70 -2.8 -2.8 -2.8 -2.7 -2.7
Government Spending (HNL Million) 7055.00 7107 7295 7323 7281 7579
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Business Actual Q2 Q3 Q4 Q1 2020
Leading Economic Index (% ) 3.50 3.6 3.6 3.8 3.8 3.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (HNL Million) 40201.00 41071 41568 41729 41487 43189
Private Sector Credit (HNL Million) 264338.87 275000 280000 285000 285000 295000
Gasoline Prices (USD/Liter) 0.92 0.83 0.81 0.79 0.77 0.77
Housing Actual Q2 Q3 Q4 Q1 2020
Building Permits (Units) 579.00 580 565 600 600 650


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.