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 4.40 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 -501.90 -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 24.00
 24.02 24.07 24.11 24.16 24.34
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 4.40
percent		 3.7 3.7 3.6 3.8 4.3
Consumer Price Index CPI 319.00
Index Points		 317 322 325 328 349
Inflation Expectations 4.63
percent		 4.66 4.68 4.66 4.66 4.66
Inflation Rate Mom 0.44
percent		 0.2 0.3 0.3 0.4 0.6
Cpi Housing Utilities 367.10
Index Points		 367 370 374 379 401
CPI Transportation 362.90
Index Points		 354 357 360 368 387
Food Inflation 3.24
percent		 3.9 3.1 2.8 3.07 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 25585.98
HNL Million		 25565 25502 25353 25343 25358
Deposit Interest Rate 8.30
percent		 8.3 8.3 8.3 8.3 8.55
Money Supply M1 62521.61
HNL Million		 62688 63082 62968 62912 62942
Money Supply M2 239292.42
HNL Million		 239953 240189 240277 240309 240323
Money Supply M3 323117.93
HNL Million		 325600 326986 327658 327968 328223
Foreign Exchange Reserves 4575.80
USD Million		 4670 4680 4700 4740 4700
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -501.90
USD Million		 -385 -380 -370 -380 -380
Exports 390.20
USD Million		 460 480 470 485 500
Imports 892.10
USD Million		 845 860 840 865 880
Current Account 69.60
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 8672.00
USD Million		 8701 8703 8703 8703 8703
Remittances 427.60
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 327.70
USD Million		 328 395 315 278 332
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 3.90
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 233495.24
HNL Million		 237720 241786 245733 249564 282219
Gasoline Prices 1.00
USD/Liter		 1.02 0.96 0.91 0.86 0.68
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Building Permits 553.00
Units		 504 498 499 499 499
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