Markets Actual Q4 Q1 Q2 Q3 2021
Currency 24.15 24.16 24.16 24.16 24.16 24.16

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -18.50 -6.1 1.3 15 9 3
Unemployment Rate (%) 5.70 9 7.9 7.9 7.9 7.9
Inflation Rate (%) 3.40 3 2.8 3 3.2 3.3
Interest Rate (%) 3.75 3.5 3.5 3.5 3.75 3.75
Balance of Trade (USD Million) -400.73 -410 -410 -410 -410 -470
Current Account (USD Million) 264.80 -150 -180 -260 -300 -350
Current Account to GDP (%) 0.70 -1.5 -0.3 -0.3 -0.3 -0.3
Government Debt to GDP (%) 44.05 48 50 50 50 50
Government Budget (% of GDP) -2.40 -9.5 -7.5 -7.5 -7.5 -7.5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -18.50 -6.1 1.3 15 9 3
GDP (USD Billion) 25.10 24 24.9 24.9 24.9 24.9
GDP Constant Prices (HNL Million) 44659.50 57761 52504 56642 64302 59783
Gross National Product (HNL Million) 202366.70 204447 190022 204997 232722 211603
Gross Fixed Capital Formation (HNL Million) 138176.60 133793 129748 139973 158903 138475
GDP per capita (USD) 2241.24 2080 2190 2190 2190 2190
GDP per capita PPP (USD) 5727.97 5300 5610 5610 5610 5610
GDP From Agriculture (HNL Million) 7323.40 8444 7367 7947 9022 8740
GDP From Construction (HNL Million) 760.30 1692 1573 1697 1927 1751
GDP From Manufacturing (HNL Million) 6834.70 11114 10007 10796 12256 11503
GDP From Mining (HNL Million) 55.60 107 105 113 128 111
GDP From Public Administration (HNL Million) 2771.80 2830 2525 2724 3092 2929
GDP From Transport (HNL Million) 1247.90 2259 1993 2150 2441 2338
GDP From Utilities (HNL Million) 1551.70 1511 1362 1470 1669 1563
GDP Growth Rate (%) -17.60 0.8 0.6 0.7 0.9 0.9

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 5.70 9 7.9 7.9 7.9 7.9
Population (Million) 9.02 9.29 9.29 9.29 9.29 9.43

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 3.40 3 2.8 3 3.2 3.3
Consumer Price Index CPI (points) 346.20 351 346 349 351 366
Inflation Expectations (%) 4.29 4 4.2 4.3 4.3 4.5
Inflation Rate Mom (%) 0.49 0.3 0.5 0.2 0.3 0.5
Cpi Housing Utilities (points) 392.20 408 407 407 399 425
CPI Transportation (points) 368.10 394 387 378 367 411
Food Inflation (%) 4.61 5.8 5.6 5.4 5.6 5.8

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 3.75 3.5 3.5 3.5 3.75 3.75
Deposit Interest Rate (%) 8.42 8.3 8.17 8.17 8.17 8.3
Foreign Exchange Reserves (USD Million) 7340.20 4500 4500 4500 4500 4500

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -400.73 -410 -410 -410 -410 -470
Current Account (USD Million) 264.80 -150 -180 -260 -300 -350
Current Account to GDP (%) 0.70 -1.5 -0.3 -0.3 -0.3 -0.3
Imports (USD Million) 708.18 890 890 890 890 890
Exports (USD Million) 307.45 480 480 480 480 420
External Debt (USD Million) 10719.10 9200 9250 9250 9250 9600
Remittances (USD Million) 547.90 400 430 430 430 420
Foreign Direct Investment (USD Million) -33.80 -100 -50 90 120 160
Capital Flows (USD Million) 811.60 780 780 780 780 800

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 44.05 48 50 50 50 50
Government Budget (% of GDP) -2.40 -9.5 -7.5 -7.5 -7.5 -7.5
Government Spending (HNL Million) 6596.00 7579 6925 7471 8481 7845
Military Expenditure (USD Million) 400.00 390 390 390 390 400

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Leading Economic Index (% ) -4.30 -2.1 9.5 10.7 3.8 3.7

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (HNL Million) 35286.00 43189 41865 45165 51273 44701
Private Sector Credit (HNL Million) 300097.11 295000 295000 295000 295000 295000
Gasoline Prices (USD/Liter) 0.79 0.77 0.63 0.6 0.57 0.73

Housing Actual Q4 Q1 Q2 Q3 2021
Building Permits (Units) 199.00 380 400 415 430 460


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.