Skip to content

Economy of Bhutan vs Honduras compared: GDP & Debt

Updated on by Georank team

Bhutan has a GDP of $3.01B compared to $37.1B for Honduras, ranking 170/197 and 104/197 by economy size, respectively.

Bhutan has $3.53B in government debt (110.4% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Bhutan vs Honduras GDP by year

Bhutan
Honduras
1x
Year GDP, current $
Bhutan Honduras
2024 - $37,093,565,854
2023 $3,012,896,789 $34,355,805,528
2022 $2,898,227,744 $31,426,041,807
2021 $2,768,802,960 $28,144,331,507
2020 $2,457,604,334 $23,352,232,484
2019 $2,735,683,570 $24,882,225,742
2018 $2,583,335,722 $24,067,750,760
2017 $2,591,358,009 $23,136,247,991
2016 $2,357,504,761 $21,717,604,952
2015 $2,187,815,803 $20,979,791,685
2014 $2,089,079,571 $19,756,533,972
2013 $1,943,696,952 $18,499,729,215
2012 $1,973,387,228 $18,528,554,398
2011 $1,977,728,659 $17,710,275,685
2010 $1,708,880,730 $15,839,344,592
2009 $1,331,343,798 $14,587,496,229
2008 $1,317,517,835 $13,881,731,876
2007 $1,255,767,964 $12,361,257,681
2006 $942,879,879 $10,917,477,066
2005 $860,391,000 $9,757,012,697
2004 $735,348,490 $8,869,299,234
2003 $651,935,430 $8,230,391,347
2002 $559,345,264 $7,858,255,413
2001 $496,110,226 $7,651,162,302
2000 $460,733,418 $7,186,638,029
1999 $399,311,200 $6,394,090,592
1998 $363,458,381 $6,163,707,533
1997 $352,229,077 $5,569,178,707
1996 $303,408,346 $4,798,834,459
1995 $290,490,984 $4,672,346,194
1994 $258,954,708 $4,105,686,899
1993 $225,973,693 $4,190,773,622
1992 $240,233,531 $4,122,846,905
1991 $240,294,286 $3,699,381,195
1990 $287,765,007 $3,734,460,117
1989 $264,798,626 $4,375,896,552
1988 $272,298,067 $4,892,660,944
1987 $242,742,766 $5,024,800,000
1986 $191,218,115 $4,706,100,000
1985 $163,288,815 $4,328,300,000
1984 $160,423,494 $4,029,900,000
1983 $156,704,290 $3,840,550,000
1982 $141,439,317 $3,619,500,000
1981 $139,174,178 $3,501,800,000
1980 $128,669,201 $3,184,400,000
1979 $105,377,995 $2,778,900,000
1978 $94,086,228 $2,393,650,000
1977 $97,884,434 $1,900,700,000
1976 $88,461,263 $1,589,300,000
1975 $86,820,762 $1,330,050,000
1974 $92,901,784 $1,243,000,000
1973 $78,900,289 $1,128,299,436
1972 $70,139,867 $1,030,645,362
1971 $66,289,450 $958,450,000
1970 $61,812,113 $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/bhutan/honduras | CC BY

GDP per capita in Bhutan vs Honduras by year

Bhutan
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bhutan Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $3,426 $7,486
2023 $3,831 $16,215 $3,227 $7,178
2022 $3,711 $15,064 $3,003 $6,805
2021 $3,571 $13,459 $2,735 $6,203
2020 $3,192 $12,475 $2,308 $5,385
2019 $3,577 $12,909 $2,502 $5,785
2018 $3,400 $11,970 $2,465 $5,633
2017 $3,435 $11,677 $2,413 $5,621
2016 $3,152 $11,273 $2,307 $5,186
2015 $2,954 $10,214 $2,271 $4,846
2014 $2,849 $9,323 $2,180 $4,460
2013 $2,680 $8,667 $2,081 $4,137
2012 $2,751 $8,577 $2,126 $4,016
2011 $2,788 $7,935 $2,074 $3,901
2010 $2,436 $7,246 $1,893 $3,758
2009 $1,918 $6,466 $1,781 $3,656
2008 $1,920 $6,035 $1,732 $3,806
2007 $1,850 $5,729 $1,578 $3,664
2006 $1,406 $4,860 $1,426 $3,438
2005 $1,300 $4,523 $1,305 $3,204
2004 $1,130 $4,173 $1,215 $3,001
2003 $1,022 $3,942 $1,156 $2,821
2002 $896 $3,663 $1,132 $2,715
2001 $812 $3,338 $1,132 $2,645
2000 $772 $3,113 $1,093 $2,587
1999 $685 $3,017 $999 $2,372
1998 $638 $2,819 $989 $2,152
1997 $630 $2,683 $917 $1,959
1996 $553 $2,548 $813 $1,617
1995 $530 $2,374 $814 $1,329
1994 $467 $2,146 $736 $1,074
1993 $407 $2,001 $773 $838
1992 $416 $1,840 $782 $741
1991 $401 $1,657 $722 $684
1990 $488 $1,638 $750 $540
1989 $462 - $904 -
1988 $489 - $1,039 -
1987 $449 - $1,098 -
1986 $365 - $1,058 -
1985 $321 - $1,001 -
1984 $326 - $960 -
1983 $328 - $942 -
1982 $306 - $914 -
1981 $311 - $912 -
1980 $296.9 - $854 -
1979 $251.4 - $769 -
1978 $232.2 - $683 -
1977 $249.9 - $559 -
1976 $233.7 - $482 -
1975 $237.4 - $417 -
1974 $262.8 - $401 -
1973 $230.9 - $375 -
1972 $212.4 - $353 -
1971 $207.7 - $338 -
1970 $200.3 - $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/bhutan/honduras | CC BY

Bhutan's GDP per capita is $3,831, ranking 132/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Bhutan ranks 109th at $16,215, while Honduras ranks 146th at $7,486.

Economic indicators

Bhutan Honduras
Gross domestic product
$3.01B
2023
$37.1B
2024
GDP rank
170/197
2023
104/197
2024
GDP growth
4.63%
2022-2023
3.55%
2023-2024
GDP per capita
$3,831
2023
$3,426
2024
GDP per capita rank
132/197
2023
136/197
2024
GDP per capita, PPP
$16,215
2023
$7,486
2024
GDP per capita PPP rank
109/197
2023
146/197
2024
Government debt
$3.53B
2023
$17.5B
2024
Debt-to-GDP ratio
110.4%
2024
47.1%
2024
Government debt per person
$4,485
2023
$1,613
2024
Government debt per person rank
87/185
2023
126/185
2024
Average annual personal income after taxes
$5,506
2026
$4,901
2026
Income share by richest 10%
22.7%
2022
32.3%
2024
Income share by poorest 10%
3.6%
2022
1.2%
2024
Government expenditure, % of GDP
27.1%
2024
25.7%
2024
Consumer prices inflation
4.3%
2023-2024
4.61%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
3.28%
2024
4.91%
2024
Population
803385
11237619

Spending and national debt comparison by year

Bhutan
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Bhutan Honduras
Government spending Government debt Government spending Government debt
2024 27.1% 110.4% 25.7% 47.1%
2023 28.8% 117.1% 27.2% 47.9%
2022 32.1% 119.9% 24% 51%
2021 36.6% 124.5% 28.8% 50.3%
2020 30.9% 116% 28.4% 52.5%
2019 24.2% 100.8% 25.9% 44.1%
2018 31.7% 103.4% 26.2% 43.5%
2017 30.6% 104.1% 26.9% 43.6%
2016 30.5% 103% 27.4% 40.3%
2015 27.5% 90.2% 26% 42.3%
2014 28.9% 89.8% 26.4% 43%
2013 32.5% 87.4% 28% 42.1%
2012 35.1% 71.5% 26.4% 32.4%
2011 36.1% 62.3% 25.9% 31.5%
2010 41.5% 55.8% 26.5% 28.9%
2009 39.3% 61% 28.4% 23.8%
2008 36.1% 60.6% 26.4% 22.3%
2007 33.2% 67.3% 24.4% 24%
2006 33.4% 80.1% 24.4% 39.2%
2005 36.4% 80.8% 23.6% 55.6%
2004 31% 76% 25.5% 60.9%
2003 34.7% 68.5% 26.4% 67.8%
2002 39.3% 57.7% 26.8% 64.2%
2001 50.3% 52.4% 25.1% 63.4%
2000 43% 44% 22.1% 65.8%
1999 40.2% 39.2% 23.3% 75.8%
1998 31.1% 36.4% 19.4% 67.4%
1997 37.8% 33% 19.4% 70.8%
1996 37.9% 36.8% 18.7% 64.6%
1995 38.6% 38.7% 17.2% 65.4%
1994 37.9% 53.2% 19.2% 86.4%
1993 35.2% 60.2% 23.7% 108%
1992 34.5% 35.6% 20.5% 116.5%
1991 30.8% 33.5% 18.8% 122.2%
1990 35.8% 27.4% 16.4% 200.3%
1989 46.8% 26.4% 10.2% 68.4%
1988 45.3% 24.7% 16% 71.7%
1987 47.5% 17.3% 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 (1960–1992, retrieved 2026-02-20).

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

In 2024, Bhutan's government spending was $869M, accounting for 27.1% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 110.4% in Bhutan and 47.1% in Honduras, ranking 17/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Bhutan

Honduras
1x
Year Deficit/surplus, % of GDP
Bhutan Honduras
2024 -0.17% -1.12%
2023 -4.73% -1.96%
2022 -6.95% 1.57%
2021 -5.76% -3.17%
2020 -1.81% -4.58%
2019 -1.49% 0.09%
2018 -1.52% 0.2%
2017 -4.49% -0.41%
2016 -2.31% -0.4%
2015 -0.49% -0.78%
2014 2.46% -2.81%
2013 -4.55% -5.48%
2012 -2.1% -3.48%
2011 -3.02% -2.94%
2010 1.92% -3.37%
2009 -0.8% -4.86%
2008 -2.57% -0.27%
2007 0.79% -0.25%
2006 -0.07% -1.36%
2005 -6.96% -0.03%
2004 1.8% -2.48%
2003 -10.2% -5.09%
2002 -4.33% -5.02%
2001 -12.2% -3.12%
2000 -3.39% 1.51%
1999 -1.28% 1.38%
1998 1.28% 2.89%
1997 -1.92% 0.08%
1996 2.55% 0.13%
1995 -0.88% -0.24%
1994 -0.13% -0.98%
1993 4.71% -5.03%
1992 -3.47% -1.41%
1991 -0.48% -1.95%
1990 -7.21% -1.82%
1989 -10.1% 2.08%
1988 1.33% -2.65%
1987 -0.56% -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/bhutan/honduras | CC BY

In 2023, Bhutan's government deficit, the difference between spending and revenue, was $142M, equivalent to 4.73% of GDP. This compares to Honduras' deficit of $675M, or 1.96% of GDP.

Over the past 37 years, Bhutan recorded a fiscal deficit in 29 of those years, while Honduras ran a deficit in 28 years. On average, Bhutan posted an annual deficit equal to 2.4% of GDP, compared to deficit of 1.6% of GDP for Honduras.

Inflation comparison by year

Inflation
Bhutan

Honduras
1x
Year Consumer prices inflation
Bhutan Honduras
2024 4.3% 4.61%
2023 4.5% 6.66%
2022 5.9% 9.09%
2021 8.2% 4.48%
2020 3% 3.47%
2019 2.8% 4.37%
2018 3.6% 4.35%
2017 4.3% 3.93%
2016 3.3% 2.72%
2015 6.7% 3.16%
2014 9.6% 6.13%
2013 8.1% 5.16%
2012 10.1% 5.2%
2011 8.6% 6.76%
2010 4.8% 4.7%
2009 7.1% 5.5%
2008 6.3% 11.4%
2007 5.2% 6.94%
2006 4.9% 5.58%
2005 4.8% 8.81%
2004 3.3% 8.11%
2003 2.5% 7.67%
2002 2.9% 7.69%
2001 3.7% 9.67%
2000 7.2% 11%
1999 9.1% 11.7%
1998 7.6% 13.7%
1997 8.6% 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/bhutan/honduras | CC BY

Over the past 28 years, Bhutan has recorded an average annual inflation rate of 5.75%, compared with 7.24% in Honduras. In 2024, inflation was 4.3% in Bhutan and 4.61% in Honduras.

Balance of trade

Bhutan Honduras
Current account balance
-$670M
2024
-$1.65B
2024
Current account balance ranking
114/190
2024
137/190
2024
Current account balance, % of GDP
-32%
2023
-4.45%
2024
Goods imports
$1.29B
2024
$14.6B
2024
Goods exports
$656M
2024
$5.67B
2024
Service imports
$228M
2024
$3.67B
2024
Service exports
$288M
2024
$3.75B
2024
Imports of goods and services, % of GDP
53.3%
2023
57.6%
2024
Exports of goods and services, % of GDP
28.4%
2023
33.5%
2024

Economic freedom indices

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

Bhutan Honduras
Economic freedom 57.5 59.1
Economic freedom ranking 115/197 105/197
Property rights 69.2 35.7
Government integrity 72.2 24.6
Judicial effectiveness 61.8 27.6
Tax burden 83.4 83.1
Government spending 74.1 80.3
Fiscal health 25.8 95.2
Business freedom 67.8 59.4
Labor freedom 60.1 37.9
Monetary freedom 71.6 70.1
Trade freedom 63.4 69.8
Investment freedom 20 65
Financial freedom 20 60

Economic freedom comparison by year

Bhutan
Honduras
1x
Year Economic freedom index
Bhutan Honduras
2026 57.5 59.1
2025 57.5 59.6
2024 55.4 58.6
2023 59 58.7
2022 59.3 59.5
2021 58.3 59.8
2020 62.1 61.1
2019 62.9 60.2
2018 61.8 60.6
2017 58.4 58.8
2016 59.5 57.7
2015 57.4 57.4
2014 56.7 57.1
2013 55 58.4
2012 56.6 58.8
2011 57.6 58.6
2010 57 58.3
2009 57.7 58.7
2008 - 58.9
2007 - 59.1
2006 - 57.4
2005 - 55.3
2004 - 55.3
2003 - 60.4
2002 - 58.7
2001 - 57
2000 - 57.6
1999 - 56.7
1998 - 56.2
1997 - 56
1996 - 56.6
1995 - 57

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

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

The Economic Freedom Index for Bhutan is 57.5, ranking 115/197, 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

Bhutan Honduras
Services, % of GDP
52.8%
2023
58.4%
2024
Industry, % of GDP
29.4%
2023
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
15%
2023
11.2%
2024
GNI, Atlas method
$2.93B
2023
$32.7B
2024
GNI per capita, PPP
$15,320
2023
$6,900
2024
Total reserves including gold
$941M
2024
$8.04B
2024
Total reserves ranking
143/177
2024
84/177
2024
Net foreign direct investment
-$22.8M
2024
-$620M
2024
Net inflows of foreign direct investment
$2.82M
2024
$1.31B
2024
Net outflows of foreign direct investment
$0
2024
$689M
2024
Servicing debt to the IMF, % of GNI
4.96%
2023
5.23%
2024
Poverty at national poverty lines
12.4%
2022
62.9%
2024
Gross capital formation, % of GDP
45.3%
2023
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/bhutan/honduras | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1927–1992, 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)

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.