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Honduras

Headline economic indicators for Honduras, with the most recent official readings.

Prices

Prices — Honduras
Indicator Value Change
Inflation rate · 4.6% -0.01 (-0.2%)
Consumer price index · 206.9 +9.09 (+4.6%)
GDP deflator inflation · 8.0% +3.32 (+70.6%)

GDP

GDP — Honduras
Indicator Value Change
GDP growth rate · 3.8% +0.12 (+3.3%)
GDP per capita · 3,598.21 +182.25 (+5.3%)
GDP per capita, long-run history · 5,187 +124.41 (+2.5%)
GDP · 39,601,409,103.3 +2,621,237,661 (+7.1%)
GDP, PPP · 86,628,050,081 +5,407,466,087 (+6.7%)
GDP per capita, PPP · 7,871 +368.52 (+4.9%)
GDP per capita growth · 2.1% +0.15 (+8.0%)
GNI per capita · 3,270 +250.00 (+8.3%)
Agriculture to GDP · 13.3% +2.05 (+18.2%)
Industry to GDP · 25.4% -0.93 (-3.5%)
Manufacturing to GDP · 15.0% +0.10 (+0.7%)
Services to GDP · 57.6% -0.56 (-1.0%)
Household consumption to GDP · 82.1% -3.42 (-4.0%)
Gross capital formation to GDP · 24.2% +0.97 (+4.2%)
Gross savings to GDP · 26.9% +8.01 (+42.4%)

Labour

Labour — Honduras
Indicator Value Change
Unemployment rate · 4.9% +0.01 (+0.2%)
Labour force participation rate · 56.6% -0.04 (-0.1%)
Female labour force participation rate · 39.6% -0.03 (-0.1%)
Youth unemployment rate · 8.5% +0.22 (+2.7%)
Employment to population ratio · 53.8% -0.04 (-0.1%)
Employment in agriculture · 22.4% -0.20 (-0.9%)
Employment in industry · 21.6% -0.15 (-0.7%)
Employment in services · 55.9% +0.35 (+0.6%)

Money

Money — Honduras
Indicator Value Change
Real interest rate · 9.8% -1.01 (-9.3%)
Broad money to GDP · 74.2% -0.93 (-1.2%)
Private sector credit to GDP · 78.5% +2.83 (+3.7%)
Lending rate · 18.6% +2.58 (+16.2%)
Bank deposit rate · 12.4% +3.53 (+39.6%)
Bank nonperforming loans · 2.7% +0.39 (+17.0%)
Official exchange rate · 25.95 +1.15 (+4.7%)

Trade

Trade — Honduras
Indicator Value Change
Current account to GDP · 2.5% +6.81 (+157.8%)
Exports to GDP · 35.0% +1.07 (+3.2%)
Imports to GDP · 56.5% -1.23 (-2.1%)
Trade to GDP · 91.5% -0.16 (-0.2%)
Exports of goods and services · 13,857,222,810.37 +1,312,952,375 (+10.5%)
Imports of goods and services · 22,380,972,288.98 +1,025,737,085 (+4.8%)
Trade balance, goods and services (annual) · -8,717,568,816.13 +137,343,005 (+1.6%)
Current account balance (annual) · 987,828,531.36 +2,583,230,413 (+161.9%)
Foreign direct investment to GDP · 2.7% +0.92 (+51.6%)
Remittances received to GDP · 30.1% +4.37 (+17.0%)
Total reserves, including gold · 10,204,178,100.12 +2,167,920,611 (+27.0%)
Reserves in months of imports · 5.3 +0.84 (+18.8%)
External debt to GNI · 41.8% +1.06 (+2.6%)

Government

Government — Honduras
Indicator Value Change
Government revenue to GDP · 22.2% -1.15 (-4.9%)
Government expense to GDP · 24.4% +2.42 (+11.0%)
Tax revenue to GDP · 15.1% -2.28 (-13.1%)
Government budget balance to GDP · -4.5% -3.67 (-427.1%)
Government consumption to GDP · 15.2% +0.15 (+1.0%)
Education spending to GDP · 4.5% +0.07 (+1.5%)
Health spending to GDP · 7.7% -0.44 (-5.5%)

Demography

Demography — Honduras
Indicator Value Change
Population · 11,005,850 +180,147 (+1.7%)
Population, long-run history · 9,590 +142.03 (+1.5%)
Population growth · 1.7% -0.03 (-2.0%)
Life expectancy · 73.0 +0.16 (+0.2%)
Fertility rate · 2.48 -0.02 (-1.0%)
Birth rate · 21.6 -0.31 (-1.4%)
Death rate · 4.5 +0.04 (+0.9%)
Urban population share · 59.3% +0.47 (+0.8%)
Population aged 65 and over · 4.5% +0.12 (+2.8%)
Under-five mortality rate · 15.0 -0.50 (-3.2%)
Population density · 96.8 +1.62 (+1.7%)
Net migration · -4,778 +43.00 (+0.9%)
Gini index · 45.7 -1.10 (-2.4%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Honduras; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.