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.
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 October of 2020.
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.