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Economy of Burkina Faso vs Honduras compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $37.1B for Honduras, ranking 122/197 and 104/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Burkina Faso vs Honduras GDP by year

Burkina Faso
Honduras
1x
Year GDP, current $
Burkina Faso Honduras
2024 $23,124,729,853 $37,093,565,854
2023 $20,112,614,449 $34,355,805,528
2022 $18,622,421,395 $31,426,041,807
2021 $19,697,516,284 $28,144,331,507
2020 $17,725,010,533 $23,352,232,484
2019 $16,032,813,503 $24,882,225,742
2018 $15,890,066,221 $24,067,750,760
2017 $14,106,955,615 $23,136,247,991
2016 $12,833,363,045 $21,717,604,952
2015 $11,832,159,316 $20,979,791,685
2014 $13,943,016,077 $19,756,533,972
2013 $13,444,300,486 $18,499,729,215
2012 $12,561,015,157 $18,528,554,398
2011 $12,080,295,978 $17,710,275,685
2010 $10,109,619,741 $15,839,344,592
2009 $9,450,696,873 $14,587,496,229
2008 $9,451,435,490 $13,881,731,876
2007 $7,625,722,837 $12,361,257,681
2006 $6,547,419,820 $10,917,477,066
2005 $6,146,353,173 $9,757,012,697
2004 $5,451,688,538 $8,869,299,234
2003 $4,740,768,143 $8,230,391,347
2002 $3,622,350,063 $7,858,255,413
2001 $3,190,371,081 $7,651,162,302
2000 $2,968,370,088 $7,186,638,029
1999 $3,389,566,713 $6,394,090,592
1998 $2,804,902,367 $6,163,707,533
1997 $2,447,669,102 $5,569,178,707
1996 $2,586,550,595 $4,798,834,459
1995 $2,379,517,975 $4,672,346,194
1994 $1,895,290,637 $4,105,686,899
1993 $3,199,536,465 $4,190,773,622
1992 $3,356,692,505 $4,122,846,905
1991 $3,135,045,584 $3,699,381,195
1990 $3,101,300,779 $3,734,460,117
1989 $2,615,587,734 $4,375,896,552
1988 $2,616,040,479 $4,892,660,944
1987 $2,369,834,950 $5,024,800,000
1986 $2,036,303,358 $4,706,100,000
1985 $1,552,493,196 $4,328,300,000
1984 $1,459,880,132 $4,029,900,000
1983 $1,600,278,605 $3,840,550,000
1982 $1,754,450,096 $3,619,500,000
1981 $1,775,842,334 $3,501,800,000
1980 $1,928,719,888 $3,184,400,000
1979 $1,748,480,621 $2,778,900,000
1978 $1,475,583,645 $2,393,650,000
1977 $1,131,224,878 $1,900,700,000
1976 $976,547,188 $1,589,300,000
1975 $939,972,703 $1,330,050,000
1974 $751,133,430 $1,243,000,000
1973 $674,773,570 $1,128,299,436
1972 $578,595,522 $1,030,645,362
1971 $482,411,179 $958,450,000
1970 $458,404,269 $904,400,000
1969 $478,298,645 $844,400,000
1968 $460,442,689 $815,450,000
1967 $450,753,924 $750,950,000
1966 $433,889,766 $692,150,000
1965 $422,916,790 $651,050,000
1964 $410,321,645 $591,100,000
1963 $394,040,667 $553,500,000
1962 $379,567,099 $532,450,000
1961 $350,247,234 $503,300,000
1960 $330,442,816 $475,650,000

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

GeoRank.org/economy/burkina-faso/honduras | CC BY

GDP per capita in Burkina Faso vs Honduras by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $3,426 $7,486
2023 $873 $2,759 $3,227 $7,178
2022 $827 $2,645 $3,003 $6,805
2021 $896 $2,486 $2,735 $6,203
2020 $825 $2,381 $2,308 $5,385
2019 $765 $2,232 $2,502 $5,785
2018 $777 $2,073 $2,465 $5,633
2017 $709 $2,042 $2,413 $5,621
2016 $664 $1,882 $2,307 $5,186
2015 $630 $1,692 $2,271 $4,846
2014 $765 $1,661 $2,180 $4,460
2013 $760 $1,643 $2,081 $4,137
2012 $731 $1,572 $2,126 $4,016
2011 $725 $1,531 $2,074 $3,901
2010 $625 $1,449 $1,893 $3,758
2009 $602 $1,360 $1,781 $3,656
2008 $619 $1,351 $1,732 $3,806
2007 $515 $1,290 $1,578 $3,664
2006 $456 $1,244 $1,426 $3,438
2005 $441 $1,172 $1,305 $3,204
2004 $404 $1,079 $1,215 $3,001
2003 $362 $1,038 $1,156 $2,821
2002 $285.7 $974 $1,132 $2,715
2001 $259.5 $948 $1,132 $2,645
2000 $248.9 $896 $1,093 $2,587
1999 $292.8 $886 $999 $2,372
1998 $249.5 $838 $989 $2,152
1997 $223.9 $794 $917 $1,959
1996 $242.7 $753 $813 $1,617
1995 $229.1 $684 $814 $1,329
1994 $187.2 $650 $736 $1,074
1993 $324 $644 $773 $838
1992 $349 $623 $782 $741
1991 $334 $623 $722 $684
1990 $339 $567 $750 $540
1989 $293.2 - $904 -
1988 $301 - $1,039 -
1987 $280.2 - $1,098 -
1986 $247.5 - $1,058 -
1985 $194.1 - $1,001 -
1984 $187.8 - $960 -
1983 $211.9 - $942 -
1982 $239 - $914 -
1981 $248.7 - $912 -
1980 $277.6 - $854 -
1979 $258.5 - $769 -
1978 $223.9 - $683 -
1977 $176 - $559 -
1976 $155.5 - $482 -
1975 $152.9 - $417 -
1974 $124.7 - $401 -
1973 $114.1 - $375 -
1972 $99.6 - $353 -
1971 $84.5 - $338 -
1970 $81.7 - $329 -
1969 $86.8 - $316 -
1968 $85 - $314 -
1967 $84.6 - $298.2 -
1966 $82.8 - $282.9 -
1965 $82.1 - $273.9 -
1964 $80.9 - $255.9 -
1963 $78.9 - $246.6 -
1962 $77.2 - $244 -
1961 $72.2 - $237.3 -
1960 $69.2 - $230.7 -

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

GeoRank.org/economy/burkina-faso/honduras | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Honduras ranks 146th at $7,486.

Economic indicators

Burkina Faso Honduras
Gross domestic product
$23.1B
2024
$37.1B
2024
GDP rank
122/197
2024
104/197
2024
GDP growth
4.8%
2023-2024
3.55%
2023-2024
GDP per capita
$982
2024
$3,426
2024
GDP per capita rank
180/197
2024
136/197
2024
GDP per capita, PPP
$2,896
2024
$7,486
2024
GDP per capita PPP rank
181/197
2024
146/197
2024
Government debt
$13.2B
2024
$17.5B
2024
Debt-to-GDP ratio
57.2%
2024
47.1%
2024
Government debt per person
$562
2024
$1,613
2024
Government debt per person rank
162/185
2024
126/185
2024
Average annual personal income after taxes
$2,710
2026
$4,901
2026
Income share by richest 10%
30.2%
2021
32.3%
2024
Income share by poorest 10%
3%
2021
1.2%
2024
Government expenditure, % of GDP
27.8%
2024
25.7%
2024
Consumer prices inflation
4.19%
2023-2024
4.61%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
3.44%
2024
4.91%
2024
Population
24756783
11237619

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Burkina Faso Honduras
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 25.7% 47.1%
2023 29.4% 56.8% 27.2% 47.9%
2022 32.9% 59.2% 24% 51%
2021 27.8% 55.5% 28.8% 50.3%
2020 24.4% 43.6% 28.4% 52.5%
2019 23.3% 41.7% 25.9% 44.1%
2018 24.2% 38.1% 26.2% 43.5%
2017 26.3% 33.9% 26.9% 43.6%
2016 21.6% 32.9% 27.4% 40.3%
2015 20.4% 31.3% 26% 42.3%
2014 20.9% 26.1% 26.4% 43%
2013 25.3% 25.9% 28% 42.1%
2012 22.7% 25.2% 26.4% 32.4%
2011 20.4% 24.5% 25.9% 31.5%
2010 21.7% 23.7% 26.5% 28.9%
2009 21.5% 25.9% 28.4% 23.8%
2008 18.6% 24.9% 26.4% 22.3%
2007 22.8% 22.4% 24.4% 24%
2006 21.9% 20.1% 24.4% 39.2%
2005 20.2% 39.2% 23.6% 55.6%
2004 20.3% 40.7% 25.5% 60.9%
2003 17.6% 39.7% 26.4% 67.8%
2002 19.5% 43.3% 26.8% 64.2%
2001 19.7% 46.6% 25.1% 63.4%
2000 19.8% 47.5% 22.1% 65.8%
1999 21.4% 46.4% 23.3% 75.8%
1998 19.7% 47.7% 19.4% 67.4%
1997 20% 48.4% 19.4% 70.8%
1996 19.8% 45.8% 18.7% 64.6%
1995 19.4% 48.9% 17.2% 65.4%
1994 17.8% 55.1% 19.2% 86.4%
1993 17.9% 33.6% 23.7% 108%
1992 16.7% 29.6% 20.5% 116.5%
1991 17% 28.7% 18.8% 122.2%
1990 18.4% 25.6% 16.4% 200.3%
1989 14.2% 25.5% 10.2% 68.4%
1988 16.2% 28.8% 16% 71.7%
1987 19.2% 30.7% 17.2% 73.6%
1986 16.3% 27.6% 19.8% 69.9%
1985 11.5% 28.5% 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 (1960–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/honduras | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 47.1% in Honduras, ranking 89/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Honduras
1x
Year Deficit/surplus, % of GDP
Burkina Faso Honduras
2024 -5.84% -1.12%
2023 -6.91% -1.96%
2022 -10.9% 1.57%
2021 -7.45% -3.17%
2020 -5.16% -4.58%
2019 -3.39% 0.09%
2018 -4.43% 0.2%
2017 -6.92% -0.41%
2016 -3.08% -0.4%
2015 -2.09% -0.78%
2014 -1.74% -2.81%
2013 -3.55% -5.48%
2012 -2.76% -3.48%
2011 -2.04% -2.94%
2010 -4.06% -3.37%
2009 -4.16% -4.86%
2008 -3.63% -0.27%
2007 -5.01% -0.25%
2006 14.3% -1.36%
2005 -4.89% -0.03%
2004 -4.19% -2.48%
2003 -1.79% -5.09%
2002 -4.43% -5.02%
2001 -3.56% -3.12%
2000 -3.03% 1.51%
1999 -3.29% 1.38%
1998 -2.6% 2.89%
1997 -2.64% 0.08%
1996 -1.67% 0.13%
1995 -2.65% -0.24%
1994 -1.89% -0.98%
1993 -3.81% -5.03%
1992 -2.51% -1.41%
1991 -2.77% -1.95%
1990 -7.54% -1.82%
1989 1.96% 2.08%
1988 -4.32% -2.65%
1987 -5.27% -3.23%
1986 -5.1% -5.92%
1985 -1.21% -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/burkina-faso/honduras | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to Honduras' deficit of $415M, or 1.12% of GDP.

Over the past 40 years, Burkina Faso recorded a fiscal deficit in 38 of those years, while Honduras ran a deficit in 31 years. On average, Burkina Faso posted an annual deficit equal to 3.4% of GDP, compared to deficit of 1.87% of GDP for Honduras.

Inflation comparison by year

Inflation
Burkina Faso

Honduras
1x
Year Consumer prices inflation
Burkina Faso Honduras
2024 4.19% 4.61%
2023 0.74% 6.66%
2022 14.3% 9.09%
2021 3.65% 4.48%
2020 1.88% 3.47%
2019 -3.23% 4.37%
2018 1.96% 4.35%
2017 1.48% 3.93%
2016 0.44% 2.72%
2015 0.72% 3.16%
2014 -0.26% 6.13%
2013 0.53% 5.16%
2012 3.82% 5.2%
2011 2.76% 6.76%
2010 -0.76% 4.7%
2009 2.61% 5.5%
2008 10.7% 11.4%
2007 -0.23% 6.94%
2006 2.33% 5.58%
2005 6.42% 8.81%
2004 -0.4% 8.11%
2003 2.03% 7.67%
2002 2.18% 7.69%
2001 5.01% 9.67%
2000 -0.3% 11%
1999 -1.07% 11.7%
1998 5.08% 13.7%
1997 2.32% 20.2%

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

GeoRank.org/economy/burkina-faso/honduras | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 7.24% in Honduras. In 2024, inflation was 4.19% in Burkina Faso and 4.61% in Honduras.

Top exports between countries

Burkina Faso
Export category Export value
Machinery & equipment $7K
Honduras
Export category Export value

Balance of trade

Burkina Faso Honduras
Current account balance
-$1.02B
2023
-$1.65B
2024
Current account balance ranking
122/190
2023
137/190
2024
Current account balance, % of GDP
-5.06%
2023
-4.45%
2024
Goods imports
$5.38B
2023
$14.6B
2024
Goods exports
$5.29B
2023
$5.67B
2024
Service imports
$1.45B
2023
$3.67B
2024
Service exports
$621M
2023
$3.75B
2024
Imports of goods and services, % of GDP
31.9%
2024
57.6%
2024
Exports of goods and services, % of GDP
28.6%
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.

Burkina Faso Honduras
Economic freedom 49.1 59.1
Economic freedom ranking 167/197 105/197
Property rights 17.6 35.7
Government integrity 40.2 24.6
Judicial effectiveness 26.1 27.6
Tax burden 80.8 83.1
Government spending 72.9 80.3
Fiscal health 13.4 95.2
Business freedom 37.8 59.4
Labor freedom 62.1 37.9
Monetary freedom 71.9 70.1
Trade freedom 61 69.8
Investment freedom 65 65
Financial freedom 40 60

Economic freedom comparison by year

Burkina Faso
Honduras
1x
Year Economic freedom index
Burkina Faso Honduras
2026 49.1 59.1
2025 51 59.6
2024 51.9 58.6
2023 56.2 58.7
2022 58.3 59.5
2021 56.5 59.8
2020 56.7 61.1
2019 59.4 60.2
2018 60 60.6
2017 59.6 58.8
2016 59.1 57.7
2015 58.6 57.4
2014 58.9 57.1
2013 59.9 58.4
2012 60.6 58.8
2011 60.6 58.6
2010 59.4 58.3
2009 59.5 58.7
2008 55.7 58.9
2007 55.1 59.1
2006 55.8 57.4
2005 56.6 55.3
2004 58 55.3
2003 58.9 60.4
2002 58.8 58.7
2001 56.7 57
2000 55.7 57.6
1999 55 56.7
1998 54.5 56.2
1997 54 56
1996 49.4 56.6
1995 - 57

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

GeoRank.org/economy/burkina-faso/honduras | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, 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

Burkina Faso Honduras
Services, % of GDP
43.9%
2024
58.4%
2024
Industry, % of GDP
26.5%
2024
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
11.2%
2024
GNI, Atlas method
$20.1B
2024
$32.7B
2024
GNI per capita, PPP
$2,720
2024
$6,900
2024
Total reserves including gold n/a
$8.04B
2024
Total reserves ranking n/a
84/177
2024
Net foreign direct investment
-$64.3M
2023
-$620M
2024
Net inflows of foreign direct investment
$82.9M
2024
$1.31B
2024
Net outflows of foreign direct investment
$2.73M
2024
$689M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
5.23%
2024
Poverty at national poverty lines
43.2%
2021
62.9%
2024
Gross capital formation, % of GDP
21.9%
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/burkina-faso/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 (1927–2001, 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 (2020, 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.