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Economy of Honduras. Statistics, Data and Indicators

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Honduras
33BB- Credit rank #86
N/A Quality of life #
157 Corruption rank#121
133 Ease of doing business#110
Honduras


Honduras Major Economic Indicators

Indicator Data Period
GDP Value 28.49 USD Billion 2021
GDP Annual Growth Rate 2.6 % 3Q/22
GDP Growth Rate 0.9 % 3Q/22
GDP per capita 2428 USD 2021
Inflation Rate YoY 9.8 % Dec/22
Interest Rate 3 % Dec/22
Unemployment Rate 8.6 % 2021
Balance of Trade -860 USD Million | -0.86 B USD Oct/22
Current Account 19.97 USD Million | 0.02 B USD 2Q/22
Foreign Exchange Reserves 7918 USD Million | 7.918 B USD Nov/22


GDP Indicators

Indicator Data Period
GDP Value 28.49 USD Billion 2021
GDP Annual Growth Rate 2.6 % 3Q/22
GDP Growth Rate 0.9 % 3Q/22
GDP per capita 2428 USD 2021
Gross National Product 206327 HNL Million | 8.289 USD Billion 2021
GDP Constant Prices 59031 HNL Million | 2.372 B USD 3Q/22
GDP per capita PPP 5572 USD 2021
GDP From Agriculture  7220 HNL Million | 0.29 B USD 3Q/22
GDP From Construction  1303 HNL Million | 0.052 B USD 3Q/22
GDP From Manufacturing  11710 HNL Million | 0.47 B USD 3Q/22
GDP From Mining  94 HNL Million | 0.004 B USD 3Q/22
GDP From Public Administration  2841 HNL Million | 0.114 B USD 3Q/22
GDP From Transport  2100 HNL Million | 0.084 B USD 3Q/22
GDP From Utilities  1818 HNL Million | 0.073 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 51.46 % 2021
Government Spending 7562 HNL Million | 0.304 USD Billion 3Q/22
Government Budget to GDP -6.9 % 2020
Military Expenditure 438 USD Million | 0.438 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 405 index points Dec/22
Food Inflation 15.76 % Dec/22
Gasoline Prices 1.13 USD/Liter Jan/23
Inflation Rate YoY 9.8 % Dec/22
Inflation Rate Mom 0.37 % Dec/22
CPI Housing Utilities 429 Index Points Dec/22
CPI Transportation 452 Index Points Dec/22
Inflation Expectations 8.28 % Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -4.3 % 2021
Balance of Trade -860 USD Million | -0.86 USD Billion Oct/22
Capital Flows -272 USD Million | -0.272 B USD 2Q/22
Current Account 19.97 USD Million | 0.02 USD Billion 2Q/22
Exports 398 USD Million | 0.398 USD Billion Oct/22
External Debt 11364 USD Million | 11.364 USD Billion Dec/21
Foreign Exchange Reserves 7918 USD Million | 7.918 USD Billion Nov/22
Imports 1258 USD Million | 1.258 USD Billion Oct/22


Money Indicators

Indicator Data Period
Gold Reserves 0.69 Tonnes 4Q/22
Interest Rate 3 % Dec/22
Money Supply M0 47567 HNL Million | 1.911 USD Billion Nov/22
Money Supply M1 130616 HNL Million | 5.247 B USD Nov/22
Money Supply M2 441975 HNL Million | 17.756 B USD Nov/22
Money Supply M3 553301 HNL Million | 22.229 B USD Nov/22
Deposit Interest Rate 5.8 % 2021
Foreign Direct Investment 310 USD Million | 0.31 B USD 3Q/22
Private Sector Credit  416485 HNL Million | 16.732 B USD Nov/22


Labor Indicators

Indicator Data Period
Unemployment Rate 8.6 % 2021
Living Wage Family 9210 HNL/Month | 371.722 USD/Month 2018
Living Wage Individual 5350 HNL/Month | 215.93 USD/Month 2018
Wages High Skilled 16500 HNL/Month | 665.951 USD/Month 2018
Wages Low Skilled  8210 HNL/Month | 331.361 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 25 % 2022
Personal Income Tax Rate 25 % 2022
Sales Tax Rate 15 % 2022


Business Indicators

Indicator Data Period
Corruption Index 23 index points 2022
Corruption Rank 157 place 2022
Ease of Doing Business 133 place 2019
Competitiveness Index 52.63 Index Points 2019
Competitiveness Rank 101 2019
Leading Economic Index  2 % Oct/22


Consumer Indicators

Indicator Data Period
Consumer Spending 47629 HNL Million | 1.913 USD Billion 3Q/22