Markets Actual Q2 Q3 Q4 Q1 2022
Currency 23.96 23.96 23.96 23.96 23.96 23.96

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -7.60 15 9 4.5 4.2 3.6
Unemployment Rate (%) 5.70 7.9 7.9 7.9 7.4 7.4
Inflation Rate (%) 3.94 3.4 3.2 3.3 3 3.4
Interest Rate (%) 3.00 2.75 2.75 2.5 2.5 3
Balance of Trade (USD Million) -500.47 -410 -410 -410 -410 -470
Current Account (USD Million) 264.80 -260 -300 -350 -350 -350
Current Account to GDP (%) 0.70 -0.3 -0.3 -0.3 -0.3 0.3
Government Debt to GDP (%) 44.05 50 50 50 50 51
Government Budget (% of GDP) -2.40 -7.5 -7.5 -7.5 -7.5 -5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -7.60 15 9 4.5 4.2 3.6
GDP (USD Billion) 25.10 24.9 24.9 24.9 24.9 25.7
GDP Constant Prices (HNL Million) 51414.00 51212 55622 53325 53172 55245
Gross National Product (HNL Million) 185737.50 232722 220580 194096 193538 201083
Gross Fixed Capital Formation (HNL Million) 111158.00 158903 150612 116160 115827 120342
GDP per capita (USD) 2241.24 2190 2190 2190 2190 2250
GDP per capita PPP (USD) 5727.97 5610 5610 5610 5610 5730
GDP From Agriculture (HNL Million) 6791.00 8272 8026 7694 7672 7971
GDP From Construction (HNL Million) 1212.00 872 1309 1255 1251 1300
GDP From Manufacturing (HNL Million) 9797.00 8010 10822 10375 10345 10748
GDP From Mining (HNL Million) 94.00 64.4 88.29 84.65 84.4 87.69
GDP From Public Administration (HNL Million) 2661.00 3192 2899 2780 2772 2880
GDP From Transport (HNL Million) 1736.00 1421 1636 1569 1564 1625
GDP From Utilities (HNL Million) 1379.00 1555 1590 1525 1520 1580
GDP Growth Rate (%) 1.30 0.7 0.9 0.9 0.9 1.2

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 5.70 7.9 7.9 7.9 7.4 7.4
Population (Million) 9.02 9.29 9.29 9.43 9.43 9.57

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.94 3.4 3.2 3.3 3 3.4
Consumer Price Index CPI (points) 353.20 352 352 366 361 374
Inflation Expectations (%) 4.29 4.3 4.3 4.5 4.5 4.5
Inflation Rate Mom (%) 0.37 0.2 0.3 0.5 0.5 0.5
Food Inflation (%) 3.30 5 5.4 5.6 3 5
Cpi Housing Utilities (points) 400.90 410 400 425 407 421
CPI Transportation (points) 392.80 381 369 411 413 427

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 3.00 2.75 2.75 2.5 2.5 3
Deposit Interest Rate (%) 8.13 8.17 8.17 7.92 7.92 7.92
Foreign Exchange Reserves (USD Million) 8064.50 4500 4500 4500 4500 4500

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -500.47 -410 -410 -410 -410 -470
Current Account (USD Million) 264.80 -260 -300 -350 -350 -350
Current Account to GDP (%) 0.70 -0.3 -0.3 -0.3 -0.3 0.3
Imports (USD Million) 927.16 890 890 890 890 890
Exports (USD Million) 426.69 480 480 420 420 420
External Debt (USD Million) 10716.40 9250 9250 9600 9600 9600
Remittances (USD Million) 470.70 430 430 420 420 450
Foreign Direct Investment (USD Million) -33.80 90 120 160 160 280
Capital Flows (USD Million) 811.60 780 780 800 800 800

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 44.05 50 50 50 50 51
Government Budget (% of GDP) -2.40 -7.5 -7.5 -7.5 -7.5 -5
Government Spending (HNL Million) 7450.00 7585 7190 6893 6873 7141
Military Expenditure (USD Million) 397.00 390 390 390 400 400

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q2 Q3 Q4 Q1 2022
Leading Economic Index (% ) -3.50 10.7 3.8 3.7 3.7 3.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (HNL Million) 41848.00 40579 38462 36874 36768 38201
Private Sector Credit (HNL Million) 304783.20 295000 295000 295000 295000 295000
Gasoline Prices (USD/Liter) 1.00 0.84 0.79 0.73 0.72 0.68

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (Units) 391.00 415 430 460 460 530


This page has economic forecasts for Honduras including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Honduras economy.