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Economy of Albania vs Honduras compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $37.1B for Honduras, ranking 112/197 and 104/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Albania vs Honduras GDP by year

Albania
Honduras
1x
Year GDP, current $
Albania Honduras
2024 $27,046,429,297 $37,093,565,854
2023 $23,491,242,727 $34,355,805,528
2022 $19,017,247,014 $31,426,041,807
2021 $18,031,989,573 $28,144,331,507
2020 $15,241,458,745 $23,352,232,484
2019 $15,585,111,614 $24,882,225,742
2018 $15,379,508,330 $24,067,750,760
2017 $13,258,268,436 $23,136,247,991
2016 $11,988,668,785 $21,717,604,952
2015 $11,470,171,827 $20,979,791,685
2014 $13,296,322,588 $19,756,533,972
2013 $12,796,985,886 $18,499,729,215
2012 $12,246,499,748 $18,528,554,398
2011 $12,973,755,875 $17,710,275,685
2010 $12,086,545,641 $15,839,344,592
2009 $12,335,540,656 $14,587,496,229
2008 $13,258,506,375 $13,881,731,876
2007 $11,116,937,870 $12,361,257,681
2006 $9,150,528,132 $10,917,477,066
2005 $8,256,658,250 $9,757,012,697
2004 $7,406,645,793 $8,869,299,234
2003 $5,801,712,040 $8,230,391,347
2002 $4,515,003,117 $7,858,255,413
2001 $4,059,064,033 $7,651,162,302
2000 $3,584,570,165 $7,186,638,029
1999 $3,283,941,510 $6,394,090,592
1998 $2,600,356,999 $6,163,707,533
1997 $2,293,666,030 $5,569,178,707
1996 $3,234,486,232 $4,798,834,459
1995 $2,905,092,799 $4,672,346,194
1994 $1,880,950,864 $4,105,686,899
1993 $1,185,315,468 $4,190,773,622
1992 $652,174,991 $4,122,846,905
1991 $1,099,559,028 $3,699,381,195
1990 $2,028,553,750 $3,734,460,117
1989 $2,253,090,000 $4,375,896,552
1988 $2,051,236,250 $4,892,660,944
1987 $2,080,796,250 $5,024,800,000
1986 $2,097,326,250 $4,706,100,000
1985 $1,897,050,117 $4,328,300,000
1984 $1,857,337,995 $4,029,900,000
1983 $1,881,412,587 $3,840,550,000
1982 $1,861,163,170 $3,619,500,000
1981 $1,808,177,156 $3,501,800,000
1980 $1,578,102,105 $3,184,400,000
1979 - $2,778,900,000
1978 - $2,393,650,000
1977 - $1,900,700,000
1976 - $1,589,300,000
1975 - $1,330,050,000
1974 - $1,243,000,000
1973 - $1,128,299,436
1972 - $1,030,645,362
1971 - $958,450,000
1970 - $904,400,000
1969 - $844,400,000
1968 - $815,450,000
1967 - $750,950,000
1966 - $692,150,000
1965 - $651,050,000
1964 - $591,100,000
1963 - $553,500,000
1962 - $532,450,000
1961 - $503,300,000
1960 - $475,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/honduras | CC BY

GDP per capita in Albania vs Honduras by year

Albania
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $3,426 $7,486
2023 $9,731 $24,822 $3,227 $7,178
2022 $7,757 $22,138 $3,003 $6,805
2021 $7,242 $18,213 $2,735 $6,203
2020 $6,028 $16,288 $2,308 $5,385
2019 $6,069 $16,442 $2,502 $5,785
2018 $5,898 $15,055 $2,465 $5,633
2017 $5,006 $14,111 $2,413 $5,621
2016 $4,458 $13,056 $2,307 $5,186
2015 $4,200 $12,387 $2,271 $4,846
2014 $4,794 $11,788 $2,180 $4,460
2013 $4,543 $10,882 $2,081 $4,137
2012 $4,281 $10,609 $2,126 $4,016
2011 $4,466 $10,273 $2,074 $3,901
2010 $4,149 $9,755 $1,893 $3,758
2009 $4,214 $9,031 $1,781 $3,656
2008 $4,499 $8,469 $1,732 $3,806
2007 $3,743 $7,585 $1,578 $3,664
2006 $3,058 $6,753 $1,426 $3,438
2005 $2,742 $6,014 $1,305 $3,204
2004 $2,447 $5,595 $1,215 $3,001
2003 $1,909 $5,169 $1,156 $2,821
2002 $1,480 $4,840 $1,132 $2,715
2001 $1,326 $4,451 $1,132 $2,645
2000 $1,160 $3,978 $1,093 $2,587
1999 $1,056 $3,549 $999 $2,372
1998 $831 $3,086 $989 $2,152
1997 $729 $2,760 $917 $1,959
1996 $1,021 $3,054 $813 $1,617
1995 $911 $2,777 $814 $1,329
1994 $586 $2,385 $736 $1,074
1993 $367 $2,143 $773 $838
1992 $200.9 $1,899 $782 $741
1991 $337 $1,989 $722 $684
1990 $617 $2,656 $750 $540
1989 $698 - $904 -
1988 $653 - $1,039 -
1987 $675 - $1,098 -
1986 $694 - $1,058 -
1985 $640 - $1,001 -
1984 $639 - $960 -
1983 $662 - $942 -
1982 $668 - $914 -
1981 $663 - $912 -
1980 $591 - $854 -
1979 - - $769 -
1978 - - $683 -
1977 - - $559 -
1976 - - $482 -
1975 - - $417 -
1974 - - $401 -
1973 - - $375 -
1972 - - $353 -
1971 - - $338 -
1970 - - $329 -
1969 - - $316 -
1968 - - $314 -
1967 - - $298.2 -
1966 - - $282.9 -
1965 - - $273.9 -
1964 - - $255.9 -
1963 - - $246.6 -
1962 - - $244 -
1961 - - $237.3 -
1960 - - $230.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/honduras | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Honduras ranks 146th at $7,486.

Economic indicators

Albania Honduras
Gross domestic product
$27B
2024
$37.1B
2024
GDP rank
112/197
2024
104/197
2024
GDP growth
4.05%
2023-2024
3.55%
2023-2024
GDP per capita
$11,378
2024
$3,426
2024
GDP per capita rank
82/197
2024
136/197
2024
GDP per capita, PPP
$26,702
2024
$7,486
2024
GDP per capita PPP rank
79/197
2024
146/197
2024
Government debt
$15.2B
2024
$17.5B
2024
Debt-to-GDP ratio
56%
2024
47.1%
2024
Government debt per person
$6,375
2024
$1,613
2024
Government debt per person rank
72/185
2024
126/185
2024
Average annual personal income after taxes
$9,075
2026
$4,901
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.8%
2020
32.3%
2024
Income share by poorest 10%
3.4%
2020
1.2%
2024
Government expenditure, % of GDP
28.9%
2024
25.7%
2024
Consumer prices inflation
2.2%
2023-2024
4.61%
2023-2024
Central bank interest rate
2.5%
2025
5.75%
2024
Unemployment rate
10.7%
2023
4.91%
2024
Population
2342753
11237619

Spending and national debt comparison by year

Albania
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Albania Honduras
Government spending Government debt Government spending Government debt
2024 28.9% 56% 25.7% 47.1%
2023 28.5% 58% 27.2% 47.9%
2022 30.3% 65.2% 24% 51%
2021 31.9% 74.8% 28.8% 50.3%
2020 32.4% 75.4% 28.4% 52.5%
2019 28.8% 66.6% 25.9% 44.1%
2018 28.7% 68.5% 26.2% 43.5%
2017 29.2% 71.9% 26.9% 43.6%
2016 29.1% 73.3% 27.4% 40.3%
2015 30.8% 73.7% 26% 42.3%
2014 31.7% 72% 26.4% 43%
2013 29.2% 70.4% 28% 42.1%
2012 28.2% 62.1% 26.4% 32.4%
2011 28.9% 59.4% 25.9% 31.5%
2010 29.4% 57.7% 26.5% 28.9%
2009 32.7% 59.7% 28.4% 23.8%
2008 31.7% 55.1% 26.4% 22.3%
2007 29.3% 53.6% 24.4% 24%
2006 29.2% 56.7% 24.4% 39.2%
2005 28.9% 58.2% 23.6% 55.6%
2004 30.2% 57.5% 25.5% 60.9%
2003 29.7% 60.2% 26.4% 67.8%
2002 31.5% 64.1% 26.8% 64.2%
2001 32.7% 60.6% 25.1% 63.4%
2000 33.8% 63.8% 22.1% 65.8%
1999 37.1% 68.2% 23.3% 75.8%
1998 36.8% 71.2% 19.4% 67.4%
1997 30.3% 72.2% 19.4% 70.8%
1996 - - 18.7% 64.6%
1995 - - 17.2% 65.4%
1994 - - 19.2% 86.4%
1993 - - 23.7% 108%
1992 - - 20.5% 116.5%
1991 - - 18.8% 122.2%
1990 - - 16.4% 200.3%
1989 - - 10.2% 68.4%
1988 - - 16% 71.7%
1987 - - 17.2% 73.6%
1986 - - 19.8% 69.9%
1985 - - 22.5% 65.7%
1984 - - 22.4% 60.5%
1983 - - 20.8% 57.6%
1982 - - 18.7% 54.3%
1981 - - 15.3% 48.1%
1980 - - 16.2% 41%
1979 - - 14.4% 36.1%
1978 - - 13.1% 32.8%
1977 - - 14.6% 28.2%
1976 - - 11.5% 26.5%
1975 - - 11.9% 24%
1974 - - 11.7% 18.5%
1973 - - 11.1% 16.6%
1972 - - 12.6% 16.8%
1971 - - 15.2% 19.8%
1970 - - 15.2% 17.2%
1969 - - 13.6% 13%
1968 - - 11.6% 9.75%
1967 - - 11.4% 9.72%
1966 - - 11.4% 9.47%
1965 - - 10.6% 8.97%
1964 - - 11.4% 9.78%
1963 - - 10.1% 9.02%
1962 - - 10.5% 8.54%
1961 - - 11.2% 8.22%
1960 - - 12.2% 8.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/albania/honduras | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 56% in Albania and 47.1% in Honduras, ranking 94/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Honduras
1x
Year Deficit/surplus, % of GDP
Albania Honduras
2024 -0.72% -1.12%
2023 -1.32% -1.96%
2022 -3.64% 1.57%
2021 -4.57% -3.17%
2020 -6.67% -4.58%
2019 -1.92% 0.09%
2018 -1.6% 0.2%
2017 -1.41% -0.41%
2016 -1.5% -0.4%
2015 -4.32% -0.78%
2014 -5.46% -2.81%
2013 -5.22% -5.48%
2012 -3.44% -3.48%
2011 -3.52% -2.94%
2010 -3.52% -3.37%
2009 -6.59% -4.86%
2008 -4.88% -0.27%
2007 -3.18% -0.25%
2006 -3.26% -1.36%
2005 -3.46% -0.03%
2004 -5.16% -2.48%
2003 -5.01% -5.09%
2002 -6.21% -5.02%
2001 -6.84% -3.12%
2000 -7.77% 1.51%
1999 -8.84% 1.38%
1998 -9.93% 2.89%
1997 -11.9% 0.08%
1996 - 0.13%
1995 - -0.24%
1994 - -0.98%
1993 - -5.03%
1992 - -1.41%
1991 - -1.95%
1990 - -1.82%
1989 - 2.08%
1988 - -2.65%
1987 - -3.23%
1986 - -5.92%
1985 - -8.58%
1984 - -9.33%
1983 - -9.1%
1982 - -6.17%
1981 - -2.5%
1980 - -2.52%
1979 - -1.55%
1978 - -0.68%
1977 - -2.55%
1976 - -0.93%
1975 - -1.78%
1974 - -0.27%
1973 - -0.71%
1972 - -2.37%
1971 - -3.51%
1970 - -3.24%
1969 - -2.16%
1968 - -0.38%
1967 - -0.73%
1966 - -0.45%
1965 - 0.19%
1964 - -1.77%
1963 - -0.39%
1962 - -0.71%
1961 - -1.05%
1960 - -1.22%
1959 - -1.31%
1958 - -1.16%
1957 - -1.01%
1956 - -1.81%
1955 - -0.42%
1954 - -2.91%
1953 - -2.96%
1952 - -3.21%
1951 - -1.04%
1950 - -0.44%
1949 - -1.92%
1948 - 0.52%
1947 - -0.83%
1946 - 0.32%
1945 - 0%
1944 - -0.82%
1943 - -0.48%
1942 - 0%
1941 - -0.26%
1940 - -0.43%
1939 - -0.52%
1938 - -0.74%
1937 - -1.37%
1936 - -0.76%
1935 - 0%
1934 - 0.06%
1933 - 2.06%
1932 - -2.13%
1931 - -0.94%
1930 - -1.15%
1929 - -0.38%
1928 - 0.72%
1927 - 0.37%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/albania/honduras | CC BY

In 2024, Albania's government deficit, the difference between spending and revenue, was $196M, equivalent to 0.72% of GDP. This compares to Honduras' deficit of $415M, or 1.12% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Honduras ran a deficit in 21 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 1.62% of GDP for Honduras.

Inflation comparison by year

Inflation
Albania

Honduras
1x
Year Consumer prices inflation
Albania Honduras
2024 2.2% 4.61%
2023 4.8% 6.66%
2022 6.7% 9.09%
2021 2% 4.48%
2020 1.6% 3.47%
2019 1.4% 4.37%
2018 2% 4.35%
2017 2% 3.93%
2016 1.3% 2.72%
2015 1.9% 3.16%
2014 1.6% 6.13%
2013 1.9% 5.16%
2012 2% 5.2%
2011 3.4% 6.76%
2010 3.6% 4.7%
2009 2.2% 5.5%
2008 3.3% 11.4%
2007 3% 6.94%
2006 2.4% 5.58%
2005 2.4% 8.81%
2004 2.9% 8.11%
2003 2.4% 7.67%
2002 5.2% 7.69%
2001 3.1% 9.67%
2000 0% 11%
1999 0.4% 11.7%
1998 20.6% 13.7%
1997 33.2% 20.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/albania/honduras | CC BY

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 7.24% in Honduras. In 2024, inflation was 2.2% in Albania and 4.61% in Honduras.

Top exports between countries

Albania
Export category Export value
Honduras
Export category Export value
Processed food, beverages & tobacco $16K

Balance of trade

Albania Honduras
Current account balance
-$648M
2024
-$1.65B
2024
Current account balance ranking
112/190
2024
137/190
2024
Current account balance, % of GDP
-2.4%
2024
-4.45%
2024
Goods imports
$7.87B
2024
$14.6B
2024
Goods exports
$1.82B
2024
$5.67B
2024
Service imports
$3.83B
2024
$3.67B
2024
Service exports
$8.03B
2024
$3.75B
2024
Imports of goods and services, % of GDP
43.2%
2024
57.6%
2024
Exports of goods and services, % of GDP
36.3%
2024
33.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Albania Honduras
Economic freedom 68 59.1
Economic freedom ranking 50/197 105/197
Property rights 57.6 35.7
Government integrity 41.9 24.6
Judicial effectiveness 59.9 27.6
Tax burden 89.3 83.1
Government spending 74.3 80.3
Fiscal health 88 95.2
Business freedom 76.6 59.4
Labor freedom 46.2 37.9
Monetary freedom 78.6 70.1
Trade freedom 83 69.8
Investment freedom 60 65
Financial freedom 60 60

Economic freedom comparison by year

Albania
Honduras
1x
Year Economic freedom index
Albania Honduras
2026 68 59.1
2025 66.6 59.6
2024 64.8 58.6
2023 65.3 58.7
2022 66.6 59.5
2021 65.2 59.8
2020 66.9 61.1
2019 66.5 60.2
2018 64.5 60.6
2017 64.4 58.8
2016 65.9 57.7
2015 65.7 57.4
2014 66.9 57.1
2013 65.2 58.4
2012 65.1 58.8
2011 64 58.6
2010 66 58.3
2009 63.7 58.7
2008 62.4 58.9
2007 61.4 59.1
2006 60.3 57.4
2005 57.8 55.3
2004 58.5 55.3
2003 56.8 60.4
2002 56.8 58.7
2001 56.6 57
2000 53.6 57.6
1999 53.4 56.7
1998 53.9 56.2
1997 54.8 56
1996 53.8 56.6
1995 49.7 57

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/albania/honduras | CC BY

The Economic Freedom Index for Albania is 68, ranking 50/197, compared to 59.1 for Honduras, ranking 105/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Albania Honduras
Services, % of GDP
48.7%
2024
58.4%
2024
Industry, % of GDP
22.4%
2024
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
11.2%
2024
GNI, Atlas method
$23.6B
2024
$32.7B
2024
GNI per capita, PPP
$26,500
2024
$6,900
2024
Total reserves including gold
$6.52B
2024
$8.04B
2024
Total reserves ranking
89/177
2024
84/177
2024
Net foreign direct investment
-$1.45B
2024
-$620M
2024
Net inflows of foreign direct investment
$1.71B
2024
$1.31B
2024
Net outflows of foreign direct investment
$261M
2024
$689M
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
5.23%
2024
Poverty at national poverty lines
19.7%
2022
62.9%
2024
Gross capital formation, % of GDP
25%
2024
22.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/albania/honduras | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.