Fiscal Balance in Honduras

Honduras Fiscal Balance | Economic News & Forecasts

Honduras - Fiscal Balance

Xiomara Castro of the left-wing Liberty and Refoundation Party will be installed as the new president—the first woman to take up the role—on 27 January. The focus of her presidency will likely be geared towards social issues, with pro-market and business reforms receiving less attention. That said, she will inherit an economy that will have recovered strongly last year from the Covid-19 pandemic, albeit at a slower pace in H2. In the third quarter, the economy grew 12.4% year-on-year (Q2: +25.9%). The slowdown came on the back of softer growth in private and public consumption amid a less favorable base effect, although the economy still exceeded pre-pandemic levels in the quarter. The pace of economic growth likely continued to ease in Q4: In October, growth in activity slowed due to contractions in the manufacturing and transport sectors, while growth in most other sectors cooled.

Honduras - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.0  -2.7  -2.7  -2.1  -2.5  

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Note: Fiscal balance as % of GDP.
Source: Honduras Central Bank.

Honduras Facts

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

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