Honduras: Economic Activity Grows 13%
Monday, May 17, 2021
During March 2021, the Monthly Index of Economic Activity reported a variation of 13% when compared to the levels reported in the same month of 2020, a period that was marked by the closure of the economy due to the pandemic.
The economic activities that most contributed to the positive result were: Manufacturing Industry and Commerce, and to a lesser extent, Mail and Telecommunications, Financial Intermediation and Other Services -related to health and net taxes-. These contributions were partially offset by the negative variations in agricultural activities, Transportation and Storage, and Hotels and Restaurants, highlights the report of the Central Bank of Honduras (BCH).

Check out the "System for monitoring markets and the economic situation in Central American countries" of CentralAmericaData.

Manufacturing Industry presented a 6.8% positive variation (5.9% decrease as of March 2020), mainly due to the increase in the manufacture of Textiles and Clothing (12.1%) and the Manufacture of Machinery and Equipment (60.4%), as a response to the higher external demand, related to the increase in the consumption of these goods -basically- in the US economy, explains the official document.

The report adds that "... Trade in goods as of March 2021 increased 5.6% (-3.7% in the same period of the previous year when the quarantine began in the country), behavior driven -mainly- by sales of transportation equipment, radio, television and other household appliances, as well as pharmaceutical, food and refined petroleum products".

Agriculture, Livestock, Forestry and Fishing, contracted 7.9% to March 2021 (-4.8% in the same period of 2020), determined by losses and delays in harvests caused by the passage of tropical storms at the end of 2020, which affected most agricultural crops (-11%): sugar cane, African palm, basic grains and bananas; likewise, a decrease continued to be observed in the production of melons and watermelons, product of lower external and internal demand, explained the BCH.

Do you know that we are now part of something bigger?
Learn about PREDIK Data-Driven, our new global brand.
More on this topic
Costa Rican Economy Remains in Crisis
April 2021
During February 2021, economic activity fell 4.7% in year-on-year terms, a drop that evidences that the economic crisis caused by the covid-19 outbreak continues to affect Costa Rica.
According to the Central Bank of Costa Rica (BCCR), as per the cycle trend series of the Monthly Index of Economic Activity (IMAE), the inter-annual variation of production reached its lowest point in June 2020, at which point it began a gradual recovery process.
Honduras: Economic Activity Increases 3.7%
October 2018
Partially explained by the economic activity reported in the financial sector, during August of this year the IMAE registered a variation of 3.7% compared to the same month in 2017.
Up to the eighth month of the current year, according to the behavior of the original series of the IMAE, short term indicator of the productive activity of the country, increased by 3.7% (5.2% in 2017). Meanwhile, the cyclical trend series of the indicator reported in August 2018 an inter-annual variation of 3.8% (5.8% in August 2017), reported the Central Bank of Honduras (BCH).
Honduras: Economic Activity Up 4% up to April 2018
June 2018
The IMAE registered an interannual increase of 3.8%, mainly explained by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.
From a statement issued by Banco Central de Honduras:
Guatemala: Economic Activity Grows 3.2% up to March 2017
May 2017
As in January and February, the trade sector explained most of the variation in the economic activity index in March, which registered a rise of 3.2% compared to the same month in 2016.
From a report by the Bank of Guatemala:
Economic growth
Index Measurement of Economic Activity
Index of Economic Activity
economic activity
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2021 © CentralAmericaData.com
Trade InteligenceWho we areContact Us