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Economy of Algeria vs Honduras compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $37.1B for Honduras, ranking 51/197 and 104/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Algeria vs Honduras GDP by year

Algeria
Honduras
1x
Year GDP, current $
Algeria Honduras
2024 $269,322,281,665 $37,093,565,854
2023 $247,923,887,215 $34,355,805,528
2022 $225,581,644,703 $31,426,041,807
2021 $186,231,205,262 $28,144,331,507
2020 $164,873,415,325 $23,352,232,484
2019 $193,459,662,091 $24,882,225,742
2018 $194,554,483,656 $24,067,750,760
2017 $189,880,896,903 $23,136,247,991
2016 $180,763,839,522 $21,717,604,952
2015 $187,493,855,609 $20,979,791,685
2014 $238,942,664,193 $19,756,533,972
2013 $229,701,430,292 $18,499,729,215
2012 $227,143,746,076 $18,528,554,398
2011 $218,331,946,925 $17,710,275,685
2010 $177,785,053,940 $15,839,344,592
2009 $150,317,292,079 $14,587,496,229
2008 $180,383,848,331 $13,881,731,876
2007 $142,482,739,810 $12,361,257,681
2006 $123,084,258,693 $10,917,477,066
2005 $107,046,618,670 $9,757,012,697
2004 $91,913,680,985 $8,869,299,234
2003 $73,482,264,191 $8,230,391,347
2002 $61,516,103,406 $7,858,255,413
2001 $59,413,400,924 $7,651,162,302
2000 $54,790,398,570 $7,186,638,029
1999 $48,640,671,735 $6,394,090,592
1998 $48,187,781,984 $6,163,707,533
1997 $48,177,612,042 $5,569,178,707
1996 $46,941,554,225 $4,798,834,459
1995 $41,764,291,672 $4,672,346,194
1994 $42,543,176,829 $4,105,686,899
1993 $49,945,584,453 $4,190,773,622
1992 $48,003,133,347 $4,122,846,905
1991 $45,715,676,428 $3,699,381,195
1990 $62,048,507,531 $3,734,460,117
1989 $55,634,721,573 $4,375,896,552
1988 $59,089,396,860 $4,892,660,944
1987 $66,745,818,375 $5,024,800,000
1986 $63,692,007,897 $4,706,100,000
1985 $57,937,868,670 $4,328,300,000
1984 $53,698,548,293 $4,029,900,000
1983 $48,801,369,800 $3,840,550,000
1982 $45,207,167,470 $3,619,500,000
1981 $44,348,590,461 $3,501,800,000
1980 $42,345,829,079 $3,184,400,000
1979 $33,243,706,860 $2,778,900,000
1978 $26,364,491,313 $2,393,650,000
1977 $20,972,113,685 $1,900,700,000
1976 $17,728,240,932 $1,589,300,000
1975 $15,557,902,754 $1,330,050,000
1974 $13,209,871,626 $1,243,000,000
1973 $8,707,858,912 $1,128,299,436
1972 $6,766,743,957 $1,030,645,362
1971 $5,077,183,094 $958,450,000
1970 $4,863,526,897 $904,400,000
1969 $4,257,253,264 $844,400,000
1968 $3,852,147,027 $815,450,000
1967 $3,370,870,376 $750,950,000
1966 $3,039,859,187 $692,150,000
1965 $3,136,284,307 $651,050,000
1964 $2,909,316,435 $591,100,000
1963 $2,702,982,018 $553,500,000
1962 $2,001,444,544 $532,450,000
1961 $2,434,747,056 $503,300,000
1960 $2,723,615,451 $475,650,000

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

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

GDP per capita in Algeria vs Honduras by year

Algeria
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $3,426 $7,486
2023 $5,370 $16,824 $3,227 $7,178
2022 $4,960 $15,836 $3,003 $6,805
2021 $4,161 $14,497 $2,735 $6,203
2020 $3,744 $12,677 $2,308 $5,385
2019 $4,468 $13,893 $2,502 $5,785
2018 $4,577 $13,727 $2,465 $5,633
2017 $4,555 $13,494 $2,413 $5,621
2016 $4,425 $13,438 $2,307 $5,186
2015 $4,685 $13,807 $2,271 $4,846
2014 $6,095 $14,694 $2,180 $4,460
2013 $5,980 $14,371 $2,081 $4,137
2012 $6,034 $14,441 $2,126 $4,016
2011 $5,916 $14,640 $2,074 $3,901
2010 $4,913 $14,201 $1,893 $3,758
2009 $4,235 $13,651 $1,781 $3,656
2008 $5,181 $13,666 $1,732 $3,806
2007 $4,167 $13,321 $1,578 $3,664
2006 $3,661 $12,791 $1,426 $3,438
2005 $3,233 $12,246 $1,305 $3,204
2004 $2,817 $11,432 $1,215 $3,001
2003 $2,284 $10,803 $1,156 $2,821
2002 $1,937 $10,080 $1,132 $2,715
2001 $1,896 $9,544 $1,132 $2,645
2000 $1,773 $9,187 $1,093 $2,587
1999 $1,596 $8,776 $999 $2,372
1998 $1,603 $8,503 $989 $2,152
1997 $1,629 $8,129 $917 $1,959
1996 $1,617 $8,053 $813 $1,617
1995 $1,467 $7,747 $814 $1,329
1994 $1,526 $7,463 $736 $1,074
1993 $1,831 $7,538 $773 $838
1992 $1,803 $7,705 $782 $741
1991 $1,759 $7,582 $722 $684
1990 $2,445 $7,602 $750 $540
1989 $2,247 - $904 -
1988 $2,451 - $1,039 -
1987 $2,847 - $1,098 -
1986 $2,800 - $1,058 -
1985 $2,633 - $1,001 -
1984 $2,524 - $960 -
1983 $2,374 - $942 -
1982 $2,275 - $914 -
1981 $2,307 - $912 -
1980 $2,276 - $854 -
1979 $1,843 - $769 -
1978 $1,506 - $683 -
1977 $1,232 - $559 -
1976 $1,080 - $482 -
1975 $992 - $417 -
1974 $873 - $401 -
1973 $590 - $375 -
1972 $469 - $353 -
1971 $360 - $338 -
1970 $353 - $329 -
1969 $316 - $316 -
1968 $292.4 - $314 -
1967 $261.8 - $298.2 -
1966 $241.4 - $282.9 -
1965 $253.6 - $273.9 -
1964 $238.9 - $255.9 -
1963 $225.6 - $246.6 -
1962 $169.6 - $244 -
1961 $209.4 - $237.3 -
1960 $238.4 - $230.7 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Honduras ranks 146th at $7,486.

Economic indicators

Algeria Honduras
Gross domestic product
$269B
2024
$37.1B
2024
GDP rank
51/197
2024
104/197
2024
GDP growth
3.7%
2023-2024
3.55%
2023-2024
GDP per capita
$5,753
2024
$3,426
2024
GDP per capita rank
114/197
2024
136/197
2024
GDP per capita, PPP
$17,621
2024
$7,486
2024
GDP per capita PPP rank
105/197
2024
146/197
2024
Government debt
$129B
2024
$17.5B
2024
Debt-to-GDP ratio
48.1%
2024
47.1%
2024
Government debt per person
$2,765
2024
$1,613
2024
Government debt per person rank
106/185
2024
126/185
2024
Average annual personal income after taxes
$3,787
2026
$4,901
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
32.3%
2024
Income share by poorest 10%
4%
2011
1.2%
2024
Government expenditure, % of GDP
36.8%
2024
25.7%
2024
Consumer prices inflation
4.05%
2023-2024
4.61%
2023-2024
Central bank interest rate
3%
2020
5.75%
2024
Unemployment rate
12%
2017
4.91%
2024
Population
48222325
11237619

Spending and national debt comparison by year

Algeria
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Algeria Honduras
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 25.7% 47.1%
2023 37.4% 47.7% 27.2% 47.9%
2022 32.7% 48.1% 24% 51%
2021 32.5% 55.1% 28.8% 50.3%
2020 37.5% 46% 28.4% 52.5%
2019 37.1% 40.9% 25.9% 44.1%
2018 36.2% 34.5% 26.2% 43.5%
2017 36.2% 24% 26.9% 43.6%
2016 37.2% 18.1% 27.4% 40.3%
2015 40.9% 7.73% 26% 42.3%
2014 36.9% 6.85% 26.4% 43%
2013 33.5% 6.48% 28% 42.1%
2012 40% 8.58% 26.4% 32.4%
2011 37.7% 8.48% 25.9% 31.5%
2010 35.1% 9.51% 26.5% 28.9%
2009 40.1% 8.92% 28.4% 23.8%
2008 37.3% 7.64% 26.4% 22.3%
2007 33.1% 12.8% 24.4% 24%
2006 27.8% 22.5% 24.4% 39.2%
2005 27.8% 25.4% 23.6% 55.6%
2004 27.1% 32.7% 25.5% 60.9%
2003 27% 38.2% 26.4% 67.8%
2002 32.5% 47.3% 26.8% 64.2%
2001 29.1% 50% 25.1% 63.4%
2000 26.4% 53.4% 22.1% 65.8%
1999 29.4% 69.7% 23.3% 75.8%
1998 28.7% 79.9% 19.4% 67.4%
1997 28.5% 79.6% 19.4% 70.8%
1996 26.9% 90.7% 18.7% 64.6%
1995 28.9% 95.9% 17.2% 65.4%
1994 30.9% 106.3% 19.2% 86.4%
1993 32.6% 76.8% 23.7% 108%
1992 28.2% 69.3% 20.5% 116.5%
1991 27.6% 86.1% 18.8% 122.2%
1990 23.3% 63.6% 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 (1960–1990, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 47.1% in Honduras, ranking 113/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Honduras
1x
Year Deficit/surplus, % of GDP
Algeria Honduras
2024 -13.8% -1.12%
2023 -5.52% -1.96%
2022 -2.96% 1.57%
2021 -6.32% -3.17%
2020 -10.5% -4.58%
2019 -8.51% 0.09%
2018 -6.15% 0.2%
2017 -7.55% -0.41%
2016 -11.8% -0.4%
2015 -13.9% -0.78%
2014 -7.14% -2.81%
2013 -0.79% -5.48%
2012 -4.04% -3.48%
2011 -1.06% -2.94%
2010 -1.35% -3.37%
2009 -6.53% -4.86%
2008 7.79% -0.27%
2007 4.63% -0.25%
2006 12.9% -1.36%
2005 11.4% -0.03%
2004 6.36% -2.48%
2003 7.22% -5.09%
2002 0.21% -5.02%
2001 3.15% -3.12%
2000 8.91% 1.51%
1999 -1.83% 1.38%
1998 -3.52% 2.89%
1997 2.19% 0.08%
1996 2.7% 0.13%
1995 -1.3% -0.24%
1994 -4.05% -0.98%
1993 -7.79% -5.03%
1992 -1.05% -1.41%
1991 1.53% -1.95%
1990 3.35% -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) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

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

In 2024, Algeria's government deficit, the difference between spending and revenue, was $37.1B, equivalent to 13.8% of GDP. This compares to Honduras' deficit of $415M, or 1.12% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Honduras ran a deficit in 27 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 1.62% of GDP for Honduras.

Inflation comparison by year

Inflation
Algeria

Honduras
1x
Year Consumer prices inflation
Algeria Honduras
2024 4.05% 4.61%
2023 9.32% 6.66%
2022 9.27% 9.09%
2021 7.23% 4.48%
2020 2.42% 3.47%
2019 1.95% 4.37%
2018 4.27% 4.35%
2017 5.59% 3.93%
2016 6.4% 2.72%
2015 4.78% 3.16%
2014 2.92% 6.13%
2013 3.25% 5.16%
2012 8.89% 5.2%
2011 4.52% 6.76%
2010 3.91% 4.7%
2009 5.74% 5.5%
2008 4.86% 11.4%
2007 3.68% 6.94%
2006 2.31% 5.58%
2005 1.38% 8.81%
2004 3.96% 8.11%
2003 4.27% 7.67%
2002 1.42% 7.69%
2001 4.23% 9.67%
2000 0.34% 11%
1999 2.65% 11.7%
1998 4.95% 13.7%
1997 5.73% 20.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 7.24% in Honduras. In 2024, inflation was 4.05% in Algeria and 4.61% in Honduras.

Top exports between countries

Algeria
Export category Export value
Honduras
Export category Export value
Raw agricultural goods $249K

Balance of trade

Algeria Honduras
Current account balance
-$2.75B
2024
-$1.65B
2024
Current account balance ranking
154/190
2024
137/190
2024
Current account balance, % of GDP
-1.02%
2024
-4.45%
2024
Goods imports
$45.3B
2024
$14.6B
2024
Goods exports
$48.8B
2024
$5.67B
2024
Service imports
$9.13B
2024
$3.67B
2024
Service exports
$4.22B
2024
$3.75B
2024
Imports of goods and services, % of GDP
20.3%
2024
57.6%
2024
Exports of goods and services, % of GDP
19.9%
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.

Algeria Honduras
Economic freedom 45.8 59.1
Economic freedom ranking 179/197 105/197
Property rights 27.7 35.7
Government integrity 29.4 24.6
Judicial effectiveness 30 27.6
Tax burden 80.3 83.1
Government spending 61.9 80.3
Fiscal health 15.4 95.2
Business freedom 59.3 59.4
Labor freedom 52.2 37.9
Monetary freedom 74.7 70.1
Trade freedom 58.8 69.8
Investment freedom 30 65
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Honduras
1x
Year Economic freedom index
Algeria Honduras
2026 45.8 59.1
2025 47.5 59.6
2024 43.9 58.6
2023 43.2 58.7
2022 45.8 59.5
2021 49.7 59.8
2020 46.9 61.1
2019 46.2 60.2
2018 44.7 60.6
2017 46.5 58.8
2016 50.1 57.7
2015 48.9 57.4
2014 50.8 57.1
2013 49.6 58.4
2012 51 58.8
2011 52.4 58.6
2010 56.9 58.3
2009 56.6 58.7
2008 56.2 58.9
2007 55.4 59.1
2006 55.7 57.4
2005 53.2 55.3
2004 58.1 55.3
2003 57.7 60.4
2002 61 58.7
2001 57.3 57
2000 56.8 57.6
1999 57.2 56.7
1998 55.8 56.2
1997 54.9 56
1996 54.5 56.6
1995 55.7 57

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, 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

Algeria Honduras
Services, % of GDP
46.8%
2024
58.4%
2024
Industry, % of GDP
36.2%
2024
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
11.2%
2024
GNI, Atlas method
$252B
2024
$32.7B
2024
GNI per capita, PPP
$17,290
2024
$6,900
2024
Total reserves including gold
$83B
2024
$8.04B
2024
Total reserves ranking
31/177
2024
84/177
2024
Net foreign direct investment
-$1.23B
2024
-$620M
2024
Net inflows of foreign direct investment
$1.23B
2024
$1.31B
2024
Net outflows of foreign direct investment
$265K
2024
$689M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
5.23%
2024
Poverty at national poverty lines
5.5%
2011
62.9%
2024
Gross capital formation, % of GDP
41.1%
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/algeria/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 (1927–1990, 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 (2023, 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.