Source: world bank Nominal/PPP
Summary:
Honduras GDP Per Capita expanded from 1960 to 2024, increasing from $0.48 to $37.09 .The compound annual growth rate (CAGR) averaged 7.03% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.29%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Honduras Economic Phases (1960 - 2024)
From 1960 to 2024, Honduras economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1964–1968) indicating robust economic expansion
- High Growth (1970–1981) indicating robust economic expansion
- High Growth (1985–1987) indicating robust economic expansion
- Crisis (1989–1990) indicating severe economic downturn
- High Growth (1997–1998) indicating robust economic expansion
- High Growth (2000–2001) indicating robust economic expansion
- Expansion (2002–2003) indicating steady moderate growth
- High Growth (2004–2011) indicating robust economic expansion
- High Growth (2014–2015) indicating robust economic expansion
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1978 with an increase of 25.935%, while the largest decline was in 1990 at -14.658%.