Steady economic growth in Honduras in 2023 boosted consumption and demand for beer, wine, spirits, and RTDs, with beer being the largest category. Sales through restaurants, bars, and nightclubs continued to grow, with a recovery in the on-trade channel surpassing pre-pandemic levels.
In 2023 GDP growth in Honduras reached 3.8%, decelerating compared to the previous year while inflation eased registering 5.
In 2023, the Honduran economy grew by 3.8%.
For 2023, unemployment remained a major concern, standing at a reputed 7.4%, although the private sector believes that this could be higher.
Honduras benefits from a well-developed road infrastructure linking the major cities and from strong spending on roads, including recent financing from the Inter-American Development Bank to modernise the country’s main roads. The distribution of fast-moving consumer goods in rural areas can, however, be problematic, particularly given the frequent flooding in some areas, although the leading players in the alcoholic drinks industry have reported no significant distribution problems as a result of poor roads.
For 2023, there were no significant changes in legislation.
In April 2023, the government issued the Acuerdo 014-2023, that increased taxes for alcoholic drinks, domestic and imported, by 6.0%.
There is some optimism for economic growth over the forecast period, although no significant increases are likely. Private investment is likely to remain at low levels, and the economy will continue to be highly dependent on foreign markets and remittances, which despite remaining steady over the review period, may be affected by migratory policies from the US going forward.
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Alcoholic Drinks
Alcoholic drinks is the aggregation of beer, wine, spirits, cider/perry and RTDs.
See All of Our DefinitionsThis report originates from Passport, our Alcoholic Drinks research and analysis database.
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