Source: world bank Nominal/PPP
Summary:
Honduras GDP Per Capita expanded from 1960 to 2024, increasing from $230.67 to $3,426.43 .The compound annual growth rate (CAGR) averaged 4.31% 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 34.24%, indicating the largest cyclical decline from peak levels. The country experienced 5 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.
- Expansion (1961–1964) indicating steady moderate growth
- High Growth (1967–1968) indicating robust economic expansion
- Expansion (1969–1972) indicating steady moderate growth
- High Growth (1973–1974) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- Expansion (1982–1985) indicating steady moderate growth
- Crisis (1989–1990) indicating severe economic downturn
- Contraction (1993–1994) indicating temporary slowdown
- High Growth (1997–1998) indicating robust economic expansion
- Expansion (2001–2003) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2014–2019) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1978 with an increase of 22.098%, while the largest decline was in 1990 at -17.034%.