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Economy of Bahamas vs Honduras compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $39.6B for Honduras, ranking 145/197 and 104/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $16.3B (41.2% of GDP) in Honduras.

Bahamas vs Honduras GDP by year

Bahamas
Honduras
1x
Year GDP, current $
Bahamas Honduras
2025 - $39,601,409,103
2024 $15,832,800,000 $36,980,171,442
2023 $15,271,300,000 $34,355,805,528
2022 $13,896,800,000 $31,426,041,807
2021 $12,037,000,000 $28,144,331,507
2020 $10,363,200,000 $23,352,232,484
2019 $13,277,000,000 $24,882,225,742
2018 $12,819,200,000 $24,067,750,760
2017 $12,446,900,000 $23,136,247,991
2016 $11,880,900,000 $21,717,604,952
2015 $11,837,600,000 $20,979,791,685
2014 $11,139,100,000 $19,756,533,972
2013 $10,475,300,000 $18,499,729,215
2012 $10,720,400,000 $18,528,554,398
2011 $10,070,450,000 $17,710,275,685
2010 $10,095,760,000 $15,839,344,592
2009 $9,981,960,000 $14,587,496,229
2008 $10,526,000,000 $13,881,731,876
2007 $10,618,340,000 $12,361,257,681
2006 $10,167,250,000 $10,917,477,066
2005 $9,836,200,000 $9,757,012,697
2004 $9,055,290,000 $8,869,299,234
2003 $8,870,090,000 $8,230,391,347
2002 $8,881,160,000 $7,858,255,413
2001 $8,317,830,000 $7,651,162,302
2000 $8,076,470,000 $7,186,638,029
1999 $7,683,870,000 $6,394,090,592
1998 $6,833,220,000 $6,163,707,533
1997 $6,332,360,000 $5,569,178,707
1996 $3,609,000,000 $4,798,834,459
1995 $3,429,000,000 $4,672,346,194
1994 $3,259,000,000 $4,105,686,899
1993 $3,092,000,000 $4,190,773,622
1992 $3,109,000,000 $4,122,846,905
1991 $3,111,160,000 $3,699,381,195
1990 $3,166,000,000 $3,734,460,117
1989 $3,062,000,000 $4,375,896,552
1988 $2,817,900,000 $4,892,660,944
1987 $2,713,999,900 $5,024,800,000
1986 $2,472,500,000 $4,706,100,000
1985 $2,320,699,900 $4,328,300,000
1984 $2,041,100,000 $4,029,900,000
1983 $1,732,800,000 $3,840,550,000
1982 $1,578,300,000 $3,619,500,000
1981 $1,426,500,000 $3,501,800,000
1980 $1,335,300,000 $3,184,400,000
1979 $1,139,800,100 $2,778,900,000
1978 $832,400,000 $2,393,650,000
1977 $713,000,000 $1,900,700,000
1976 $642,100,000 $1,589,300,000
1975 $596,200,000 $1,330,050,000
1974 $632,400,000 $1,243,000,000
1973 $670,900,000 $1,128,299,436
1972 $590,900,000 $1,030,645,362
1971 $573,400,000 $958,450,000
1970 $539,500,000 $904,400,000
1969 $538,700,000 $844,400,000
1968 $453,800,000 $815,450,000
1967 $398,000,000 $750,950,000
1966 $346,800,000 $692,150,000
1965 $300,272,048 $651,050,000
1964 $266,560,043 $591,100,000
1963 $237,650,038 $553,500,000
1962 $212,170,034 $532,450,000
1961 $190,022,030 $503,300,000
1960 $169,736,027 $475,650,000

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bahamas vs Honduras by year

Bahamas
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $3,598 -
2024 $39,455 $41,198 $3,416 $7,486
2023 $38,232 $39,090 $3,227 $7,178
2022 $34,957 $36,791 $3,003 $6,805
2021 $30,368 $31,065 $2,735 $6,203
2020 $26,179 $27,205 $2,308 $5,385
2019 $33,640 $36,116 $2,502 $5,785
2018 $32,642 $35,228 $2,465 $5,633
2017 $31,875 $34,282 $2,413 $5,621
2016 $30,617 $32,285 $2,307 $5,186
2015 $30,719 $32,138 $2,271 $4,846
2014 $29,137 $31,726 $2,180 $4,460
2013 $27,643 $30,294 $2,081 $4,137
2012 $28,552 $31,036 $2,126 $4,016
2011 $27,091 $30,074 $2,074 $3,901
2010 $27,473 $29,625 $1,893 $3,758
2009 $27,513 $29,197 $1,781 $3,656
2008 $29,392 $30,679 $1,732 $3,806
2007 $30,052 $31,232 $1,578 $3,664
2006 $29,185 $30,402 $1,426 $3,438
2005 $28,602 $29,143 $1,305 $3,204
2004 $26,650 $27,660 $1,215 $3,001
2003 $26,429 $27,031 $1,156 $2,821
2002 $26,782 $27,171 $1,132 $2,715
2001 $25,372 $26,351 $1,132 $2,645
2000 $24,940 $25,422 $1,093 $2,587
1999 $24,041 $24,184 $999 $2,372
1998 $21,667 $22,556 $989 $2,152
1997 $20,368 $21,606 $917 $1,959
1996 $11,784 $21,287 $813 $1,617
1995 $11,375 $20,377 $814 $1,329
1994 $10,991 $19,441 $736 $1,074
1993 $10,613 $18,781 $773 $838
1992 $10,873 $18,636 $782 $741
1991 $11,082 $19,296 $722 $684
1990 $11,473 $19,817 $750 $540
1989 $11,291 - $904 -
1988 $10,576 - $1,039 -
1987 $10,361 - $1,098 -
1986 $9,601 - $1,058 -
1985 $9,167 - $1,001 -
1984 $8,202 - $960 -
1983 $7,081 - $942 -
1982 $6,559 - $914 -
1981 $6,029 - $912 -
1980 $5,743 - $854 -
1979 $4,994 - $769 -
1978 $3,720 - $683 -
1977 $3,253 - $559 -
1976 $2,993 - $482 -
1975 $2,841 - $417 -
1974 $3,080 - $401 -
1973 $3,341 - $375 -
1972 $3,014 - $353 -
1971 $3,004 - $338 -
1970 $2,916 - $329 -
1969 $3,027 - $316 -
1968 $2,668 - $314 -
1967 $2,453 - $298.2 -
1966 $2,239 - $282.9 -
1965 $2,030 - $273.9 -
1964 $1,883 - $255.9 -
1963 $1,759 - $246.6 -
1962 $1,651 - $244 -
1961 $1,555 - $237.3 -
1960 $1,459 - $230.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $3,598 in Honduras, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Honduras ranks 146th at $7,486.

Economic indicators

Bahamas Honduras
Gross domestic product
$15.8B
2024
$39.6B
2025
GDP rank
145/197
2024
104/197
2025
GDP growth
3.38%
2023-2024
3.75%
2024-2025
GDP per capita
$39,455
2024
$3,598
2025
GDP per capita rank
30/197
2024
137/197
2025
GDP per capita, PPP
$41,198
2024
$7,486
2024
GDP per capita PPP rank
57/197
2024
146/197
2024
Government debt
$11.7B
2024
$16.3B
2025
Debt-to-GDP ratio
73.8%
2025
41.2%
2025
Government debt per person
$29,123
2024
$1,483
2025
Government debt per person rank
25/185
2024
132/185
2025
Average annual personal income after taxes
$36,621
2026
$2,887
2026
Income share by richest 10% n/a
32.3%
2024
Income share by poorest 10% n/a
1.2%
2024
Government expenditure, % of GDP
21.5%
2025
24.9%
2025
Consumer prices inflation
0.41%
2023-2024
4.6%
2024-2025
Central bank interest rate
4%
2016
5.75%
2024
Unemployment rate
10.3%
2023
4.85%
2025
Population
405486
11279259

Spending and national debt comparison by year

Bahamas
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Bahamas Honduras
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 24.9% 41.2%
2024 21% 73.8% 25.7% 41.5%
2023 23.2% 78.3% 27.2% 41.7%
2022 25.6% 84.7% 24% 46.9%
2021 28.9% 90.7% 28.8% 52.7%
2020 24.8% 71.9% 28.4% 53.5%
2019 20.3% 60.3% 25.9% 43.3%
2018 19.4% 61.5% 26.2% 42.4%
2017 23.1% 54.6% 26.9% 41.3%
2016 19.4% 51.1% 27.4% 39.4%
2015 18.4% 49.9% 26% 38.3%
2014 18.1% 47.7% 26.4% 35.2%
2013 18.1% 44.2% 28% 37.3%
2012 17% 37.6% 26.4% 27.1%
2011 17.1% 35.3% 25.9% 24.6%
2010 15.4% 33.9% 26.5% 21.8%
2009 15.2% 30.1% 28.4% 23.8%
2008 14.3% 25.3% 26.4% 22.3%
2007 13.6% 23.5% 24.4% 24%
2006 13.2% 23.2% 24.4% 39.2%
2005 12.9% 23% 23.6% 55.6%
2004 12.5% 21.6% 25.5% 60.9%
2003 11.8% 20.8% 26.4% 67.8%
2002 11.6% 19.4% 26.8% 64.2%
2001 11.4% 18.5% 25.1% 63.4%
2000 11.6% 19.2% 22.1% 65.8%
1999 9.3% 19.8% 23.3% 75.8%
1998 12% 20.8% 19.4% 67.4%
1997 12.9% 21.5% 19.4% 70.8%
1996 11.5% 20.7% 18.7% 64.6%
1995 11.5% 21% 17.2% 65.4%
1994 11.7% 20.9% 19% 85.5%
1993 11.5% 19.7% 24.5% 111.7%
1992 11.8% 17.9% 21.6% 123.2%
1991 11.9% 15.3% 20.8% 135.4%
1990 11.4% 13.2% 19.4% 236.5%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Honduras spent $9.87B, or 24.9% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 41.2% in Honduras, ranking 52/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Honduras
1x
Year Deficit/surplus, % of GDP
Bahamas Honduras
2025 -0.49% -0.74%
2024 -1.2% -1.12%
2023 -3.65% -1.96%
2022 -5.53% 1.57%
2021 -11.9% -3.17%
2020 -7.11% -4.58%
2019 -1.68% 0.09%
2018 -3.28% 0.2%
2017 -6.05% -0.41%
2016 -2.61% -0.4%
2015 -3.34% -0.78%
2014 -4.51% -2.81%
2013 -5.1% -5.48%
2012 -3.25% -3.48%
2011 -2.87% -2.94%
2010 -2.57% -3.37%
2009 -2.39% -4.86%
2008 -0.82% -0.27%
2007 -0.77% -0.25%
2006 -0.44% -1.36%
2005 -1.16% -0.03%
2004 -1.95% -2.48%
2003 -1.63% -5.09%
2002 -1.67% -5.02%
2001 0.3% -3.12%
2000 0.09% 1.51%
1999 1.78% 1.38%
1998 -0.43% 2.89%
1997 -1.6% 0.08%
1996 -0.15% 0.13%
1995 0.18% -0.24%
1994 -0.4% -0.97%
1993 -1.05% -5.21%
1992 -2.23% -1.49%
1991 -2.27% -2.16%
1990 -2.64% -2.15%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

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

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $190M, equivalent to 1.2% of GDP. This compares to Honduras' deficit of $413M, or 1.12% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Honduras ran a deficit in 27 years. On average, the Bahamas posted an annual deficit equal to 2.4% of GDP, compared to deficit of 1.64% of GDP for Honduras.

Inflation comparison by year

Inflation
Bahamas

Honduras
1x
Year Consumer prices inflation
Bahamas Honduras
2025 - 4.6%
2024 0.41% 4.61%
2023 3.05% 6.66%
2022 5.61% 9.09%
2021 2.9% 4.48%
2020 0.04% 3.47%
2019 2.49% 4.37%
2018 2.27% 4.35%
2017 1.52% 3.93%
2016 -0.35% 2.72%
2015 1.86% 3.16%
2014 1.51% 6.13%
2013 0.72% 5.16%
2012 1.97% 5.2%
2011 3.2% 6.76%
2010 1.34% 4.7%
2009 2.06% 5.5%
2008 4.49% 11.4%
2007 2.49% 6.94%
2006 2.39% 5.58%
2005 1.59% 8.81%
2004 0.98% 8.11%
2003 3.03% 7.67%
2002 2.17% 7.69%
2001 2.04% 9.67%
2000 1.61% 11%
1999 1.25% 11.7%
1998 1.34% 13.7%
1997 0.54% 20.2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 7.24% in Honduras. In 2024, inflation was 0.41% in the Bahamas and 4.6% in Honduras.

Top exports between countries

Bahamas
Export category Export value
Honduras
Export category Export value
Raw materials & minerals $971K
Metals $694K
Processed food, beverages & tobacco $496K
Wood & paper products $188K
Chemicals & pharma $69K
Animal & marine products $15K
Machinery & equipment $1K

Balance of trade

Bahamas Honduras
Current account balance
-$1.05B
2024
$936M
2025
Current account balance ranking
120/190
2024
50/190
2025
Current account balance, % of GDP
-6.65%
2024
+2.36%
2025
Goods imports
$4.6B
2024
$15.4B
2025
Goods exports
$874M
2024
$6.88B
2025
Service imports
$2.47B
2024
$4.1B
2025
Service exports
$5.9B
2024
$3.89B
2025
Imports of goods and services, % of GDP
41.5%
2024
56.5%
2025
Exports of goods and services, % of GDP
37.8%
2024
35%
2025

Economic freedom indices

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

Bahamas Honduras
Economic freedom 65.1 59.1
Economic freedom ranking 66/197 105/197
Property rights 62.7 35.7
Government integrity 67.1 24.6
Judicial effectiveness 79.8 27.6
Tax burden 96.1 83.1
Government spending 83.8 80.3
Fiscal health 9.1 95.2
Business freedom 69.4 59.4
Labor freedom 66.5 37.9
Monetary freedom 77.2 70.1
Trade freedom 59.4 69.8
Investment freedom 50 65
Financial freedom 60 60

Economic freedom comparison by year

Bahamas
Honduras
1x
Year Economic freedom index
Bahamas Honduras
2026 65.1 59.1
2025 63.2 59.6
2024 62.5 58.6
2023 62.6 58.7
2022 68.7 59.5
2021 64.6 59.8
2020 64.5 61.1
2019 62.9 60.2
2018 63.3 60.6
2017 61.1 58.8
2016 70.9 57.7
2015 68.7 57.4
2014 69.8 57.1
2013 70.1 58.4
2012 68 58.8
2011 68 58.6
2010 67.3 58.3
2009 70.3 58.7
2008 71.1 58.9
2007 72 59.1
2006 72.3 57.4
2005 72.6 55.3
2004 72.1 55.3
2003 73.5 60.4
2002 74.4 58.7
2001 74.8 57
2000 73.9 57.6
1999 74.7 56.7
1998 74.5 56.2
1997 74.5 56
1996 74 56.6
1995 71.8 57

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, 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

Bahamas Honduras
Services, % of GDP
77.2%
2024
57.6%
2025
Industry, % of GDP
9.63%
2024
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
13.3%
2025
GNI, Atlas method
$14.9B
2024
$36B
2025
GNI per capita, PPP
$39,610
2024
$7,270
2025
Total reserves including gold
$2.63B
2024
$10.2B
2025
Total reserves ranking
123/177
2024
78/177
2025
Net foreign direct investment
-$77.6M
2024
-$810M
2025
Net inflows of foreign direct investment
$241M
2024
$478M
2024
Net outflows of foreign direct investment
$163M
2024
-$49.4M
2024
Servicing debt to the IMF, % of GNI n/a
5.23%
2024
Poverty at national poverty lines
9.3%
2020
60.1%
2025
Gross capital formation, % of GDP
26.8%
2024
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.