Current Account in Honduras

Honduras Current Account | Economic News & Forecasts

Honduras - Current Account

The economy appeared to lose momentum in the second quarter. Growth in the index of economic activity averaged a mere 2.0%, moderating notably from Q1. In particular, the agriculture, manufacturing and retail sectors sagged compared to the first quarter. Moreover, June’s economic activity reading fell to an over four-year low, likely weighed on by widespread protests. However, healthy remittances should have propped up private consumption. This comes after robust growth in Q1, which was driven by the financial sector. In July, the IMF approved USD 311 million in funding to support the government’s reform agenda, which should boost business confidence. The Fund also encouraged the government to enhance the Central Bank’s autonomy and increase revenue mobilization.

Honduras - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.5  -7.0  -4.7  -2.6  -1.8  

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Honduras Current Account Chart

Honduras Current Account
Note: Current account balance as % of GDP.
Source: Honduras Central Bank and FocusEconomics calculations.

Honduras Facts

Exchange Rate24.54-0.03 %Sep 04

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