Honduras: GDP Grows 2.5% in the Fourth Quarter of 2019

Financial Intermediation, and Manufacturing Industries, largely determined the 2.5% increase in GDP during the fourth quarter of last year, compared to the same period in 2018.

Tuesday, March 31, 2020

Financial Intermediation, Insurance and Pension Funds increased 1.7%, boosted by income received from commissions and interest on the loan portfolio, reported the Central Bank of Honduras.

The official report states that "... Meanwhile, interest payments on deposits increased as a result of increased savings in the financial system. On the other hand, insurance and pension funds reflected growth in the fourth quarter, in response to more allocation of insurance premiums and the increase in income of pension funds from contributions and investment returns.

The Manufacturing Industry presented a 0.8% increase in the GVA with respect to the previous quarter, because of the greater production of food (oils and fats of vegetable origin, fish products and fruits) and beverages; together with the increase in the production of clothing and textile products; machinery and equipment; and other non-metallic mineral products. However, there was a fall in the manufacture of substances and chemical products.

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Honduras: GDP Grows 2.4% in the Third Quarter of 2019

January 2020

Agriculture, livestock, forestry and fisheries, and financial intermediation largely determined the 2.4% increase in GDP in the third quarter of last year, compared to the same period in 2018.

Agriculture, Livestock, Forestry and Fishing registered a 2.6% increase, mainly because of the rise in the Gross Added Value (GVA) of coffee cultivation as a result of reseeding, maintenance and fertilization in the farms during the third quarter, informed the Central Bank of Honduras (BCH).

Honduras: GDP Grows at 4%

June 2019

Financial Intermediation and the Manufacturing Industry determined to a large extent the 3.5% increase registered in the Gross Domestic Product during the first quarter of the year, with respect to the same period of 2018.

From the Central Bank of Honduras report:

The following activities stand out for their contribution to the quarter's results: Financial Intermediation (0.5 pp); Manufacturing Industry (0.2 pp); and Transport and Storage (0.1 pp) 5/ ; however, growth was attenuated by negative behavior in Agriculture, Livestock, Forestry and Fisheries; and Construction (0.2 pp each).

Honduras: Economy Up 3.7% in 2018

April 2019

The behavior of the activities of Financial Intermediation, Agriculture, Livestock, Forestry and Fisheries, explained part of the year-on-year increase of almost 5% reported in the Gross Domestic Product during 2018.

In the fourth quarter of 2018, the seasonally adjusted series reflected a real GDPT4 growth of 1.2% over the previous quarter, year-on-year (compared to the fourth quarter of 2017) was observed a rise of 4.2%, so the accumulated annual variation rate stood at 3.7%, reported the Central Bank of Honduras (BCH).

Honduras: GDP Up 3.6% in 2016

March 2017

The activities of Electricity and Water Distribution and Financial Intermediation were those that accounted for most of the growth in gross domestic product in 2016.

From a report by the Central Bank:

Quarterly Gross Domestic Product (PIBT) at constant prices, in the seasonally adjusted series, increased by 1.8% compared to the previous quarter; reflecting an acceleration in the production of goods and services in relation to all of the previous quarters of that year.