Current Account in Honduras
Honduras - Current AccountThe economy appears to have slowed in the first quarter of the year. Economic activity growth softened further in February after January’s slowdown, weighed on by falling mining and quarrying supply, while growth in agricultural activity eased. On a brighter note, the financial and insurance sector continued to post strong gains. Merchandise trade data echoed the moderation: Exports contracted on weaker revenue from coffee, gold, palm oil and banana shipments, in the face of depressed commodity prices, especially for coffee. In other news, in early May the IMF and Honduras agreed on a two-year standby facility of USD 311 million. The precautionary credit arrangement will support economic reforms focused on improving the sustainability of the public finances.
Honduras - Current Account Data
|Current Account (% of GDP)||-9.7||-7.1||-4.8||-2.8||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
Honduras Current Account Chart
Source: Honduras Central Bank and FocusEconomics calculations.
|Exchange Rate||24.40||-0.03 %||May 13|
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