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Honduras' economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Honduras ranked 103/197 by economy size with a GDP of $37.1B and 136/197 by GDP per capita at $3,426. Honduras has $15.8B in government debt, with a debt-to-GDP ratio of 43%.

In 2025, Honduras made up 0.03% of the world's economy, compared to 0.02% in 1960.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1960 $335,650,000 $2,488,221,555 -
1961 $356,200,000 $2,534,394,470 6.12%
1962 $387,750,000 $2,680,498,409 8.86%
1963 $410,200,000 $2,776,471,958 5.79%
1964 $457,000,000 $2,926,863,604 11.4%
1965 $508,650,000 $3,191,368,848 11.3%
1966 $549,950,000 $3,362,867,976 8.12%
1967 $598,100,000 $3,563,884,850 8.76%
1968 $646,800,000 $3,799,036,503 8.14%
1969 $668,000,050 $3,823,936,864 3.28%
1970 $723,000,000 $3,962,620,383 8.23%
1971 $731,000,000 $4,120,927,211 1.11%
1972 $802,996,337 $4,358,387,600 9.85%
1973 $912,499,494 $4,701,386,276 13.6%
1974 $1,034,500,000 $4,643,670,096 13.4%
1975 $1,124,000,000 $4,742,611,928 8.65%
1976 $1,347,999,950 $5,240,619,049 19.9%
1977 $1,669,499,950 $5,784,799,119 23.9%
1978 $3,097,242,093 $6,129,932,487 85.5%
1979 $3,544,281,977 $6,473,817,206 14.4%
1980 $3,968,160,046 $6,512,618,292 12%
1981 $4,043,894,879 $6,433,031,815 1.91%
1982 $4,266,503,526 $6,299,568,220 5.5%
1983 $4,476,697,185 $6,356,623,024 4.93%
1984 $4,915,311,847 $6,758,825,363 9.8%
1985 $5,278,120,713 $7,139,092,751 7.38%
1986 $5,677,828,959 $7,519,661,681 7.57%
1987 $6,190,521,242 $8,018,843,592 9.03%
1988 $5,902,717,091 $8,158,855,312 -4.65%
1989 $5,432,344,902 $8,381,416,559 -7.97%
1990 $4,923,009,552 $8,615,404,668 -9.38%
1991 $4,648,668,479 $8,329,432,815 -5.57%
1992 $4,943,700,431 $8,835,336,566 6.35%
1993 $4,926,728,933 $9,409,255,133 -0.34%
1994 $4,642,280,682 $9,429,193,673 -5.77%
1995 $5,347,445,005 $10,012,795,187 15.2%
1996 $5,215,028,986 $10,200,112,186 -2.48%
1997 $5,737,099,650 $10,669,121,817 10%
1998 $6,366,340,266 $11,052,168,152 11%
1999 $6,414,520,530 $10,970,862,758 0.76%
2000 $7,186,638,029 $11,770,779,975 12%
2001 $7,651,162,302 $12,091,321,063 6.46%
2002 $7,858,255,413 $12,545,270,108 2.71%
2003 $8,230,391,347 $13,115,708,313 4.74%
2004 $8,869,299,234 $13,933,118,991 7.76%
2005 $9,757,012,697 $14,776,156,180 10%
2006 $10,917,477,066 $15,746,542,344 11.9%
2007 $12,361,257,681 $16,720,989,902 13.2%
2008 $13,881,731,876 $17,428,555,329 12.3%
2009 $14,587,496,229 $17,004,757,718 5.08%
2010 $15,839,344,592 $17,639,229,094 8.58%
2011 $17,710,275,685 $18,315,815,357 11.8%
2012 $18,528,554,398 $19,072,018,182 4.62%
2013 $18,499,729,215 $19,604,424,966 -0.16%
2014 $19,756,533,972 $20,203,944,076 6.79%
2015 $20,979,791,685 $20,979,791,685 6.19%
2016 $21,717,604,952 $21,796,529,143 3.52%
2017 $23,136,247,991 $22,852,116,285 6.53%
2018 $24,067,750,760 $23,730,778,961 4.03%
2019 $24,882,225,742 $24,338,200,129 3.38%
2020 $23,352,232,484 $22,156,260,474 -6.15%
2021 $28,144,331,507 $24,940,257,610 20.5%
2022 $31,426,041,807 $25,973,672,632 11.7%
2023 $34,355,805,528 $26,902,451,582 9.32%
2024 $37,093,565,854 $27,858,556,650 7.97%

Economic Statistics of Honduras

Honduras Rank
Gross domestic product
$37.1B
2024
103/197
GDP growth
7.97%
2023-2024
65/196
GDP per capita
$3,426
2024
136/197
GDP per capita, PPP
$7,486
2024
145/197
Government debt
$15.8B
2024
107/185
Debt-to-GDP ratio
43%
2025
125/185
Government debt per person
$1,460
2024
130/185
Average annual personal income after taxes
$5,147
2025
114/197
Listed domestic companies
41
2001
74/103
Income share by richest 10%
32.3%
2024
36/169
Income share by poorest 10%
1.2%
2024
163/169
Government expenditure, % of GDP
26.7%
2025
117/195
Consumer prices inflation
4.61%
2023-2024
59/195
Central bank interest rate
5.75%
2024
54/105
Unemployment rate
4.91%
2024
107/196
Population
11149564
89/197

Honduras' GDP per capita

Honduras has a GDP per capita of $3,426, ranking 136/197, a GDP per capita based on purchasing power parity (PPP) of $7,486, ranking 145/197, and a median annual after tax income of $5,147, ranking 114/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1960 $162.8 -
1961 $167.9 -
1962 $177.7 -
1963 $182.7 -
1964 $197.8 -
1965 $214 -
1966 $224.8 -
1967 $237.5 -
1968 $249.4 -
1969 $250.2 -
1970 $262.8 -
1971 $257.9 -
1972 $274.8 -
1973 $303 -
1974 $334 -
1975 $352 -
1976 $409 -
1977 $491 -
1978 $884 -
1979 $980 -
1980 $1,065 -
1981 $1,053 -
1982 $1,078 -
1983 $1,098 -
1984 $1,170 -
1985 $1,221 -
1986 $1,276 -
1987 $1,353 -
1988 $1,254 -
1989 $1,122 -
1990 $988 $2,040
1991 $907 $1,982
1992 $938 $2,090
1993 $908 $2,214
1994 $832 $2,203
1995 $932 $2,322
1996 $883 $2,341
1997 $945 $2,423
1998 $1,021 $2,472
1999 $1,002 $2,423
2000 $1,093 $2,587
2001 $1,132 $2,645
2002 $1,132 $2,715
2003 $1,156 $2,821
2004 $1,215 $3,001
2005 $1,305 $3,204
2006 $1,426 $3,438
2007 $1,578 $3,664
2008 $1,732 $3,806
2009 $1,781 $3,656
2010 $1,893 $3,758
2011 $2,074 $3,901
2012 $2,126 $4,016
2013 $2,081 $4,137
2014 $2,180 $4,460
2015 $2,271 $4,846
2016 $2,307 $5,186
2017 $2,413 $5,621
2018 $2,465 $5,633
2019 $2,502 $5,785
2020 $2,308 $5,385
2021 $2,735 $6,203
2022 $3,003 $6,805
2023 $3,227 $7,178
2024 $3,426 $7,486

Honduras' government spending, deficit, and chart

This chart shows Honduras' government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Honduras recorded a fiscal deficit in 41 years — average annual deficit equal to -2.21% of GDP. In 2024, government spending reached $9.52B (26.7% of GDP), with a deficit of -1.46%.

The national debt reached $15.8B, ranking 107th out of 185 countries by total size, with a debt-to-GDP ratio of 43%, ranking 125th.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1926 - 16.6% -
1927 6.95% 17.3% 0.37%
1928 6.85% 16.2% 0.72%
1929 8.11% 14.6% -0.38%
1930 7.64% 14% -1.15%
1931 7.35% 15.1% -0.94%
1932 7.94% 18.1% -2.13%
1933 7.69% 17.9% 2.06%
1934 6.91% 16.8% 0.06%
1935 7.7% 17.2% 0%
1936 7.45% 17.9% -0.76%
1937 8.1% 13.5% -1.37%
1938 7.59% 11.4% -0.74%
1939 7.11% 10.7% -0.52%
1940 6.42% 9.3% -0.43%
1941 5.98% 9.1% -0.26%
1942 5.61% 8.34% 0%
1943 6.7% 8.28% -0.48%
1944 6.97% 5.53% -0.82%
1945 6.57% 5.04% 0%
1946 6.98% 4.29% 0.32%
1947 8.01% 3.51% -0.83%
1948 6.77% 3.23% 0.52%
1949 9.13% 3.15% -1.92%
1950 8.63% 2.21% -0.44%
1951 9.58% 1.88% -1.04%
1952 11.8% 1.66% -3.21%
1953 11.5% 2.57% -2.96%
1954 12.6% 2.77% -2.91%
1955 9.71% 2.59% -0.42%
1956 12.1% 3.93% -1.81%
1957 12.8% 4.63% -1.01%
1958 12.3% 6.34% -1.16%
1959 11.9% 8.05% -1.31%
1960 12.2% 8.97% -1.22%
1961 11.2% 8.22% -1.05%
1962 10.5% 8.54% -0.71%
1963 10.1% 9.02% -0.39%
1964 11.4% 9.78% -1.77%
1965 10.6% 8.97% 0.19%
1966 11.4% 9.47% -0.45%
1967 11.4% 9.72% -0.73%
1968 11.6% 9.75% -0.38%
1969 13.6% 13% -2.16%
1970 15.2% 17.2% -3.24%
1971 15.2% 19.8% -3.51%
1972 12.6% 16.8% -2.37%
1973 11.1% 16.6% -0.71%
1974 11.7% 18.5% -0.27%
1975 11.9% 24% -1.78%
1976 11.5% 26.5% -0.93%
1977 14.6% 28.2% -2.55%
1978 13.1% 32.8% -0.68%
1979 14.4% 36.1% -1.55%
1980 16.2% 41% -2.52%
1981 15.3% 48.1% -2.5%
1982 18.7% 54.3% -6.17%
1983 20.8% 57.6% -9.1%
1984 22.4% 60.5% -9.33%
1985 22.5% 65.7% -8.58%
1986 19.8% 69.9% -5.92%
1987 17.2% 73.6% -3.23%
1988 16% 71.7% -2.65%
1989 10.2% 68.4% 2.08%
1990 16.4% 200.3% -1.82%
1991 18.8% 122.2% -1.95%
1992 20.5% 116.5% -1.41%
1993 23.7% 108% -5.03%
1994 19.2% 86.4% -0.98%
1995 17.2% 65.4% -0.24%
1996 18.7% 64.6% 0.13%
1997 19.4% 70.8% 0.08%
1998 19.4% 67.4% 2.89%
1999 23.3% 75.8% 1.38%
2000 22.1% 65.8% 1.51%
2001 25.1% 63.4% -3.12%
2002 26.8% 64.2% -5.02%
2003 26.4% 67.8% -5.09%
2004 25.5% 60.9% -2.48%
2005 23.6% 55.6% -0.03%
2006 24.4% 39.2% -1.36%
2007 24.4% 24% -0.25%
2008 26.4% 22.3% -0.27%
2009 28.4% 23.8% -4.86%
2010 26.5% 21.8% -3.37%
2011 25.9% 24.8% -2.94%
2012 26.4% 27.1% -3.48%
2013 29.6% 37.3% -5.73%
2014 27.6% 35.2% -2.9%
2015 26% 38.5% -0.78%
2016 27.4% 39.6% -0.4%
2017 26.9% 41.5% -0.41%
2018 26.2% 42.6% 0.2%
2019 25.9% 43.5% 0.09%
2020 28.4% 53.7% -4.58%
2021 28.8% 51% -3.18%
2022 24% 48.7% 1.66%
2023 26.1% 44.9% -1.01%
2024 25.7% 42.6% -0.81%
2025 26.7% 43% -1.46%

Inflation rate by year

Over the past 20 years, Honduras has had an average annual inflation rate of 5.65%. In 2024, inflation was 4.61%. The bar chart below shows consumer price inflation by year.

Year Inflation
1960 -1.75%
1961 1.56%
1962 1.09%
1963 3.08%
1964 4.47%
1965 3.19%
1966 1.78%
1967 2.09%
1968 1.86%
1969 1.26%
1970 2.88%
1971 2.22%
1972 3.61%
1973 5.19%
1974 12.8%
1975 8.38%
1976 4.88%
1977 8.43%
1978 5.75%
1979 12.1%
1980 18.1%
1981 9.41%
1982 8.98%
1983 8.25%
1984 4.73%
1985 3.36%
1986 4.35%
1987 2.49%
1988 4.49%
1989 9.85%
1990 23.3%
1991 34%
1992 8.76%
1993 10.7%
1994 21.7%
1995 29.5%
1996 23.8%
1997 20.2%
1998 13.7%
1999 11.7%
2000 11%
2001 9.67%
2002 7.69%
2003 7.67%
2004 8.11%
2005 8.81%
2006 5.58%
2007 6.94%
2008 11.4%
2009 5.5%
2010 4.7%
2011 6.76%
2012 5.2%
2013 5.16%
2014 6.13%
2015 3.16%
2016 2.72%
2017 3.93%
2018 4.35%
2019 4.37%
2020 3.47%
2021 4.48%
2022 9.09%
2023 6.66%
2024 4.61%

Balance of trade

Honduras Rank
Current account balance
-$1.71B
2024
137/189
Current account balance, % of GDP
-4.61%
2024
132/189
Goods imports
$14.6B
2024
96/188
Goods exports
$5.67B
2024
113/188
Service imports
$3.66B
2024
100/188
Service exports
$3.68B
2024
102/188
Imports of goods and services, % of GDP
57.6%
2024
55/180
Exports of goods and services, % of GDP
33.5%
2024
99/193

Honduras' top 10 trading partners

Honduras' biggest trading partner accounting for 38.7%% of all exports and imports is the United States, with a trade balance between the two of -$1.68B — Honduras exports $3.26B worth of goods and services to the United States and imports $4.94B.

Below is the list of the top 10 trade partners of Honduras.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $8.2B 38.7% $3.26B $4.94B Machinery & equipment Raw materials & minerals
2 China $2.59B 12.3% $37M $2.56B Raw agricultural goods Machinery & equipment
3 Mexico $1.4B 6.6% $338M $1.06B Processed food, beverages & tobacco Machinery & equipment
4 Guatemala $1.22B 5.75% $467M $750M Processed food, beverages & tobacco Processed food, beverages & tobacco
5 El Salvador $1.07B 5.07% $473M $600M Processed food, beverages & tobacco Chemicals & pharma
6 Costa Rica $645M 3.04% $142M $503M Wood & paper products Processed food, beverages & tobacco
7 Germany $525M 2.48% $266M $258M Raw agricultural goods Machinery & equipment
8 Nicaragua $486M 2.3% $382M $104M Processed food, beverages & tobacco Raw agricultural goods
9 Brazil $315M 1.49% $20.2M $295M Metals Machinery & equipment
10 India $297M 1.4% $32.9M $264M Metals Machinery & equipment

Honduras' top 10 exports

Honduras Rank
Raw agricultural goods $1.87B 59/193
Machinery & equipment $1.52B 77/193
Processed food, beverages & tobacco $1.45B 68/192
Transport & tourism services $908M 120/188
Chemicals & pharma $622M 85/193
Animal & marine products $421M 77/192
Metals $372M 94/192
Precious metals & jewellery $244M 88/190
Business & finance services $229M 104/188
Wood & paper products $209M 77/192

Honduras' top 10 imports

Honduras Rank
Machinery & equipment $3.96B 93/193
Raw materials & minerals $3.12B 94/193
Transport & tourism services $2.54B 94/188
Chemicals & pharma $2.09B 85/193
Processed food, beverages & tobacco $1.78B 74/193
Metals $955M 97/193
Textiles & consumer goods $935M 102/193
Raw agricultural goods $727M 97/193
Wood & paper products $430M 86/193
Business & finance services $374M 120/188

Economic freedom indices

Honduras Rank
Economic freedom 59.6 100/197
Property rights 38.1 129/182
Government integrity 25.1 129/182
Judicial effectiveness 27.1 129/182
Tax burden 84.5 62/181
Government spending 79.2 68/180
Fiscal health 94.8 31/181
Business freedom 65 96/182
Labor freedom 38.8 174/182
Monetary freedom 68.2 125/180
Trade freedom 69.4 100/181
Investment freedom 65 52/181
Financial freedom 60 46/181

Honduras' economic freedom by year

Honduras is ranked 88/180 for economic freedom with a score of 59.6, compared to 101/163 and a score of 55.3 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1995 57 - 65.5 83.4 -
1996 56.6 - 65.5 82.7 -
1997 56 - 65.4 82.9 -
1998 56.2 - 64.8 85.1 -
1999 56.7 - 65.3 86.9 -
2000 57.6 - 82.3 86.8 -
2001 57 - 81.9 86.8 -
2002 58.7 - 84.4 82.7 -
2003 60.4 - 84.8 83.6 -
2004 55.3 - 84.9 79.7 -
2005 55.3 - 82.2 75.3 -
2006 57.4 - 82.1 78.5 -
2007 59.1 - 81.8 82.6 -
2008 58.9 - 84.5 82.6 -
2009 58.7 - 85.1 79.7 -
2010 58.3 - 84.7 73.5 -
2011 58.6 - 83.5 85.7 -
2012 58.8 - 83.7 83.4 -
2013 58.4 - 85.3 79.2 -
2014 57.1 - 84.9 79.8 -
2015 57.4 - 84.9 78.7 -
2016 57.7 - 84.2 72 -
2017 58.8 38.2 83.3 74.7 64.1
2018 60.6 34.5 82.8 76.6 87.4
2019 60.2 31 82.8 78.2 95.9
2020 61.1 34.2 82.3 78.2 96.7
2021 59.8 36 82.2 79.3 96.7
2022 59.5 29 82.7 78.7 92.1
2023 58.7 23.4 83.8 77.5 84.4
2024 58.6 27.7 83 78.6 88.8
2025 59.6 27.1 84.5 79.2 94.8

More economic indicators

Honduras Rank
Services, % of GDP
58.4%
2024
86/191
Industry, % of GDP
26.1%
2024
77/194
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
66/193
GNI, Atlas method
$32.7B
2024
103/194
GNI per capita, PPP
$6,900
2024
143/191
Total reserves including gold
$8.04B
2024
84/177
Net foreign direct investment
-$620M
2024
105/188
Net inflows of foreign direct investment
$1.31B
2024
87/193
Net outflows of foreign direct investment
$689M
2024
57/187
Servicing debt to the IMF, % of GNI
5.49%
2023
41/119
Poverty at national poverty lines
62.9%
2024
7/176
Gross capital formation, % of GDP
22.5%
2024
96/176

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GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.