Hondura's economy shrank 18.5 percent over a year earlier in the second quarter of 2020, following a 1.3 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 Annual Growth Rate in Honduras averaged 3.50 percent from 1990 until 2020, reaching an all time high of 9 percent in the third quarter of 2005 and a record low of -18.50 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 January of 2021.

GDP Annual Growth Rate in Honduras is expected to be -10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Honduras to stand at 15.00 in 12 months time. In the long-term, the Honduras GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021 and 2.90 percent in 2022, according to our econometric models.

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Honduras GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-18.50 -1.30 9.00 -18.50 1990 - 2020 percent Quarterly
2000=100, SA

Honduras GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -18.50 -1.30 9.00 -18.50 percent [+]
GDP 25.10 24.02 25.10 0.34 USD Billion [+]
GDP Constant Prices 44659.50 54173.70 55393.80 26487.10 HNL Million [+]
Gross National Product 202366.70 196831.20 202366.70 103348.80 HNL Million [+]
Gross Fixed Capital Formation 138176.60 140124.00 140124.00 27487.40 HNL Million [+]
GDP per capita 2241.24 2219.44 2241.24 1085.56 USD [+]
GDP per capita PPP 5727.97 5672.25 5727.97 3749.18 USD [+]
GDP From Agriculture 7323.40 7597.10 7911.00 3596.90 HNL Million [+]
GDP From Construction 760.30 1524.90 1788.20 760.30 HNL Million [+]
GDP From Manufacturing 6834.70 9879.10 10674.00 5264.70 HNL Million [+]
GDP From Mining 55.60 103.80 179.30 55.60 HNL Million [+]
GDP From Public Administration 2771.80 2767.40 2771.80 1442.40 HNL Million [+]
GDP From Transport 1247.90 1995.00 2139.40 995.90 HNL Million [+]
GDP From Utilities 1551.70 1544.50 1551.70 365.40 HNL Million [+]
GDP Growth Rate -17.60 -2.20 3.70 -17.60 percent [+]

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.