Markets Actual Q1 Q2 Q3 Q4 2020
Currency 24.63 24.59 24.59 24.59 24.59 24.59
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.40 3.2 3.1 3.5 3.5 3.5
Unemployment Rate (%) 5.70 7.5 7.5 7.5 7.5 7.3
Inflation Rate (%) 4.08 3.9 3.8 3.9 3.9 3.8
Interest Rate (%) 5.50 5.5 5.5 5.25 5.25 5.5
Balance of Trade (USD Million) -641.14 -430 -460 -530 -410 -470
Current Account (USD Million) 90.70 40 80 -290 -360 -400
Current Account to GDP (%) -4.20 -3.5 -3.5 -3.5 -3.5 -3.8
Government Debt to GDP (%) 43.44 43 43 43 43 44
Government Budget (% of GDP) -2.60 -2.7 -2.7 -2.7 -2.7 -2.8
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 (%) 2.40 3.2 3.1 3.5 3.5 3.5
GDP (USD Billion) 23.80 24.9 24.9 24.9 24.9 25.7
GDP Constant Prices (HNL Million) 55180.70 56422 56245 56463 56463 58439
Gross National Product (HNL Million) 199539.40 205925 205725 206523 206523 213752
Gross Fixed Capital Formation (HNL Million) 139237.80 143693 143554 144111 144111 149155
GDP per capita (USD) 2203.95 2580 2580 2580 2580 2580
GDP per capita PPP (USD) 4559.74 4750 4750 4750 4750 4750
GDP From Agriculture (HNL Million) 7661.50 8066 7859 7890 7890 8166
GDP From Construction (HNL Million) 1660.00 1659 1690 1696 1696 1756
GDP From Manufacturing (HNL Million) 10647.00 10893 10872 10914 10914 11296
GDP From Mining (HNL Million) 109.00 104 109 110 110 114
GDP From Public Administration (HNL Million) 2679.00 2789 2739 2750 2750 2846
GDP From Transport (HNL Million) 2103.00 2179 2142 2151 2151 2226
GDP From Utilities (HNL Million) 1458.00 1475 1504 1510 1510 1563
GDP Growth Rate (%) 1.40 1 0.5 1.3 1.4 1.5
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.70 7.5 7.5 7.5 7.5 7.3
Population (Million) 9.01 9.17 9.12 9.17 9.29 9.43
Living Wage Family (HNL/Month) 9210.00 9370 9370 9370 9300 9370
Wages High Skilled (HNL/Month) 16500.00 18500 18500 18500 19000 19000
Wages Low Skilled (HNL/Month) 8210.00 9200 9200 9200 9400 8900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.08 3.9 3.8 3.9 3.9 3.8
Consumer Price Index CPI (points) 336.40 340 344 346 348 361
Inflation Rate Mom (%) 0.42 1 0.8 0.5 0.6 0.6
Cpi Housing Utilities (points) 395.40 397 407 411 410 426
CPI Transportation (points) 375.50 378 382 383 388 402
Food Inflation (%) 3.01 2.8 2.7 2.5 2.7 2.2
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 5.50 5.5 5.5 5.25 5.25 5.5
Deposit Interest Rate (%) 8.30 8.3 8.3 8.3 8.3 8.55
Foreign Exchange Reserves (USD Million) 4901.70 4350 4350 4350 4500 4500
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -641.14 -430 -460 -530 -410 -470
Current Account (USD Million) 90.70 40 80 -290 -360 -400
Current Account to GDP (%) -4.20 -3.5 -3.5 -3.5 -3.5 -3.8
Imports (USD Million) 895.78 860 860 860 890 890
Exports (USD Million) 254.64 430 400 330 480 420
External Debt (USD Million) 9031.00 9100 9317 9297 9200 9600
Remittances (USD Million) 459.70 430 400 410 400 420
Capital Flows (USD Million) -2.60 680 500 350 780 800
Foreign Direct Investment (USD Million) -64.00 350 300 230 375 390
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 43.44 43 43 43 43 44
Government Budget (% of GDP) -2.60 -2.7 -2.7 -2.7 -2.7 -2.8
Government Spending (HNL Million) 7484.00 6758 6918 6945 6945 7188
Military Expenditure (USD Million) 400.00 390 390 390 390 400
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
Sales Tax Rate (%) 15.00 15 15 15 15 15
Business Actual Q1 Q2 Q3 Q4 2020
Leading Economic Index (% ) 2.20 3.4 3.6 3.5 3.6 3.7
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (HNL Million) 40158.00 40994 41974 42137 42137 43612
Private Sector Credit (HNL Million) 286478.68 285000 285000 285000 295000 295000
Gasoline Prices (USD/Liter) 0.91 1 1.02 1.05 1.07 1.08
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (Units) 398.00 600 600 600 650 650


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.