Real GDP at Constant National Prices for Honduras
RGDPNAHNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,667.34
Year-over-Year Change
45.48%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Honduras, adjusted for inflation and based on constant national prices. It provides insights into the overall economic performance and growth of the Honduran economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP at Constant National Prices for Honduras is a key metric used by economists and policymakers to assess the size and growth of the Honduran economy. It is an inflation-adjusted measure of the total value of all goods and services produced within Honduras, providing a comprehensive view of the country's economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts data and price indices.
Historical Context
This trend is widely used to inform economic policy decisions and analyze market conditions in Honduras.
Key Facts
- Honduras' real GDP grew by 4.5% in 2021.
- Agriculture accounts for about 13% of Honduras' real GDP.
- The service sector is the largest contributor to Honduras' economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Honduras, which is the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic performance and growth, and is widely used by economists, policymakers, and market analysts to assess the overall health and trajectory of the Honduran economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts data and price indices.
Q: How is this trend used in economic policy?
A: Real GDP data is used by the Honduran government and international institutions to inform economic policy decisions, monitor economic conditions, and analyze market trends.
Q: Are there update delays or limitations?
A: The real GDP data for Honduras is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Honduras (RGDPNAHNA666NRUG), retrieved from FRED.