Honduras GDP Annual Growth Rate2022 Data - 2023 Forecast - 1990-2021 Historical

Name: Honduras GDP Annual Growth Rate
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Keywords: Honduras,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Honduras expanded 11.40 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Banco Central De Honduras

GDP Annual Growth Rate in Honduras averaged 3.68 percent from 1990 until 2021, reaching an all time high of 26.60 percent in the second quarter of 2021 and a record low of -18.80 percent in the second quarter of 2020. This page provides - Honduras GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Honduras GDP Annual Growth Rate - values, historical data and charts - was last updated on August of 2022.

GDP Annual Growth Rate in Honduras is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Honduras GDP Annual Growth Rate is projected to trend around 3.80 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	11.40	13.00	percent	Dec 2021
GDP Constant Prices	56034.00	54474.00	HNL Million	Jun 2021
Gross National Product	206327.40	185737.50	HNL Million	Dec 2021
Gross Fixed Capital Formation	154006.20	111158.00	HNL Million	Dec 2021
GDP Growth Rate	0.70	2.30	percent	Dec 2021
GDP From Utilities	1812.00	1635.00	HNL Million	Jun 2021
GDP From Transport	1818.00	1832.00	HNL Million	Jun 2021
GDP From Public Administration	2789.00	2653.00	HNL Million	Jun 2021
GDP From Mining	100.00	99.00	HNL Million	Jun 2021
GDP From Manufacturing	10629.00	10329.00	HNL Million	Jun 2021
GDP From Construction	1294.00	1267.00	HNL Million	Jun 2021
GDP From Agriculture	7243.00	6823.00	HNL Million	Jun 2021

Honduras GDP Annual Growth Rate

Honduras is one of the poorest countries in Central America with more than 50 percent of its population living under poverty line. The backbone of the economy is agriculture and remittances. Honduras’ economy is also highly dependent on the United States for exports and foreign direct investment (70 percent of total FDI). In recent years efforts have been undertaken to develop the education system and infrastructure. However, corruption and bureaucracy are an obstacle for growth.