Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Total population7.85 million7.94 million7.78 million
    WDI
    		A.1.1
    Urban population (% of total)53.54% of total52.93% of total52.32% of total
    WDI
    		A.1.4
    Urban population growth (annual %)2.59%2.66%2.75%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    GDP, current prices (U.S. dollars)18,499 USD (millions)18,514 USD (millions)17,649 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP per capita GDP (Current international dollar)4,622.63 USD 4,515.53 USD 4,345.21 USD
    WEO
    		A.2.4
    Inflation, end of period consumer prices (Percent change)4.92%5.44%5.61%
    WEO
    		A.2.6
    Consumer price index118.11112.31106.76
    WDI
    		A.2.8
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Average bank deposit rate11.65%8.93%8.18%
    IFS
    		A.2.15.4
    Lending rate20.08%18.45%18.56%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Number of dwelling units:B.1.1
    Characteristics of housing stock:B.1.3
    Average dwelling unit size-existing  5 sq.mt
    International Development Bank
    		B.1.3.1
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  84.56% of total
    International Development Bank
    		B.1.4.1
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered  10,200 units
    International Development Bank
    		B.1.5.1
    Informal sector/non-registered  23,800 units
    International Development Bank
    		B.1.5.2
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Substandard units calculated as any dwellings without direct access to water through public or private services. That is, they rely on wells, rivers, and streams to collect water for their homes.
    Notes: 12,503.8 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 168mm in 2 public pension funds INJUPEMP and IMPREMA
    Notes: 18,393.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 23,068.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 25,075.1 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 26,913.9 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 30,073.0 million lempiras with an exchange rate 1 USD equal to 19.05 Lempiras
    Notes: 32,488.3 million lempiras with an exchange rate 1 USD equal to 19.96 Lempiras
    Notes: 33,683.5 million lempiras with an exchange rate 1 USD equal to 20.59 Lempiras
    Notes: 5,112.5 million lempiras with an exchange rate of 1 USD equal to 15.92 Lempiras
    Notes: 5,779.9 million lempiras with an exchange rate 1 USD equal to 16.92 Lempiras
    Notes: 6,738.7 million lempiras with an exchange rate 1 USD equal to 17.75 Lempiras
    Notes: 8,033.6 million lempiras with an exchange rate 1 USD equal to 18.63 Lempiras
    Notes: 9,448.5 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: BANHPROVI
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: FONAPROVI was established in 1997
    Notes: FONAPROVI, RAP, are the second-tier institutions that lend mortgage funds at below-market rates.
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: http://books.google.com/books?id=1Z4GkOALh6YC&pg=PA15&lpg=PA15&dq=honduras+mortgage+LTV&source=bl&ots=BupOg9nXEn&sig=ZqMNMkqICwKbqrCMrZTOKu3sn-U&hl=en&sa=X&ei=XCM6VMKsKtXIsASg7YDIDA&ved=0CD4Q6AEwBQ#v=onepage&q=honduras%20mortgage%20LTV&f=false
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: Number of commercial banks / number of total institutions, based on a list of institutions given by BANHPROVI
    Notes: Number of non-depository institutions / total number of institutions, based on a list given by banhprovi
    Notes: Number of other depository institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: Number of other institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: RAP and FUNDEVI provides subsidies to households.
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: There were two second–tier institutions that lend mortgage funds at below–market rates, FONAPROVI (Fondo Nacional ara la Producción y la Vivienda) and RAP (Regimen de Aportaciones Privados). Their lending rate to banks were ~15%. A third institution that makes smaller loans in combination with a subsidy is FUNDEVI (Fundación para el Deasarrollo de la Vivienda Urbana y Rural). Its lending rate was 21%.
    Notes: Total mortgage porfolio was 747mm USD, 378mm USD were in commercial banks and S&Ls
    Notes: total mortgage portfolio is 747 mm USD, 168mm were in 2 public pension funds, PRIMHUR and PVMR held 27mm and 6mm