The economy in Honduras grew 2.4 percent year-on-year in the third quarter of 2019, following a 1.6 percent expansion in the previous period. GDP Annual Growth Rate in Honduras averaged 3.81 percent from 1990 until 2019, reaching an all time high of 8.30 percent in the fourth quarter of 2006 and a record low of -4.20 percent in the second quarter of 2009.

GDP Annual Growth Rate in Honduras is expected to be 3.20 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 3.50 in 12 months time. In the long-term, the Honduras GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

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Honduras GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 1.60 8.30 -4.20 1990 - 2019 percent Quarterly
2000=100, SA


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.

Honduras GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.40 1.60 8.30 -4.20 percent [+]
GDP 23.80 22.94 23.80 0.34 USD Billion [+]
GDP Constant Prices 55180.70 54407.60 55180.70 26391.30 HNL Million [+]
Gross National Product 199539.40 190302.10 199539.40 103348.75 HNL Million [+]
Gross Fixed Capital Formation 139237.80 124535.90 139237.80 27487.40 HNL Million [+]
GDP per capita 2203.95 2160.09 2203.95 1078.05 USD [+]
GDP per capita PPP 4559.74 4469.00 4559.74 3014.00 USD [+]
GDP From Agriculture 7661.50 7465.50 7966.50 3614.30 HNL Million [+]
GDP From Construction 1660.00 1643.00 1787.00 1167.00 HNL Million [+]
GDP From Manufacturing 10647.00 10493.00 10647.00 5310.00 HNL Million [+]
GDP From Mining 109.00 109.00 180.00 73.00 HNL Million [+]
GDP From Public Administration 2679.00 2602.00 2686.00 1460.00 HNL Million [+]
GDP From Transport 2103.00 2087.00 2103.00 995.00 HNL Million [+]
GDP From Utilities 1458.00 1480.00 1480.00 356.00 HNL Million [+]
GDP Growth Rate 1.40 -0.30 3.30 -2.40 percent [+]