Current Account in Honduras

Honduras Current Account (USD bn) | Economic News & Forecasts

Honduras - Current Account (billions of U.S. Dollars)

The economy is set to have contracted again in Q3. In August, economic activity fell for the sixth month running, albeit at the softest pace since the crisis began in March, on the back of declining activity in the mining and quarrying, hotels and restaurants, construction, and transport and storage sectors. Moreover, in July–August, merchandise imports continued to fall and private-sector credit growth softened—easing to an over nine-year low in August—pointing to weakened domestic demand. Turning to Q4, prospects remain grim amid a worldwide surge in new Covid-19 cases and a still-elevated number of new cases domestically. Meanwhile, on 30 October, the government reached an agreement with the IMF on the third review of the Fund’s Stand-by Arrangement and Stand-by Credit Facility. Consequently, around USD 88 million will be disbursed to support the government’s economic policies.

Honduras - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-1.0  -0.6  -0.2  -1.3  -0.2  

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Honduras Current Account (USD bn) Chart

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

Honduras Facts

Value Change Date
Exchange Rate24.59-0.03 %Jan 01

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