GDP in Honduras
Honduras - GDPAccording to the Ministry of Finance, Honduras’ economy expanded 3.6% in 2016, mirroring the previous year’s growth rate. Economic growth was likely sustained by stronger private consumption on the back of both rising remittances from the U.S. and low oil import prices. The economy also benefited from several measures adopted by the government in accordance with the IMF, such as tax administration reforms and caps on expenditure, in order to improve economic performance and rein in public finances. On a political note, in late January the electoral campaign began for the election of a new president in November.
Honduras - GDP Data
|Economic Growth (GDP, annual variation in %)||3.8||4.1||2.8||3.1||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Honduras GDP Chart
Source: Honduras Central Bank and FocusEconomics calculations.
|Exchange Rate||23.40||-0.55 %||Feb 16|
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