Hondura's economy shrank 17.6 percent on quarter in the three months ended June 2020, following a 2.2 drop in the previous period. It was the second consecutive contraction and the sharpest on record, officially entering into recession as the coronavirus pandemic hit the economy. source: Banco Central De Honduras
GDP Growth Rate in Honduras averaged 0.67 percent from 2000 until 2020, reaching an all time high of 3.70 percent in the fourth quarter of 2006 and a record low of -17.60 percent in the second quarter of 2020. This page provides - Honduras Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Honduras GDP Growth Rate - values, historical data and charts - was last updated on November of 2020.
GDP Growth Rate in Honduras is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Honduras to stand at 0.70 in 12 months time. In the long-term, the Honduras GDP Growth Rate is projected to trend around 0.90 percent in 2021 and 1.20 percent in 2022, according to our econometric models.