Honduras Economic Outlook
October 11, 2016The Honduran economy picked up steam in the second quarter as it expanded 4.5% in annual terms. The figure was considerably above the 3.7% growth rate logged in the first quarter and marked the highest reading in four years. Healthy inflows of remittances and strong domestic economic activity were behind the expansion in household spending, while stronger external demand for textile products and tourist services fueled export growth. The IMF hailed Honduras in late September for the country’s efforts in implementing economic reforms, for achieving higher levels of foreign investment inflows and for improving the labor market.
Honduras Economy Data
5 years of Honduras economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||22.55||-0.09 %||Oct 25|
Honduras Economic Growth
October 11, 2016Growth will be buttressed this year by a resilient U.S. economy, which will support remittance inflows and lift demand for Honduran products. Analysts expect the economy to grow 3.5% in 2016, which is unchanged from last month’s forecast. For 2017, they expect GDP to expand 3.6%.