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Economy of Eritrea vs Honduras compared: GDP & Debt

Updated on by Georank team

Eritrea has a GDP of $2.07B compared to $37.1B for Honduras, ranking 179/197 and 104/197 by economy size, respectively.

Eritrea has $3.54B in government debt (260.4% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Eritrea vs Honduras GDP by year

Eritrea
Honduras
1x
Year GDP, current $
Eritrea Honduras
2024 - $37,093,565,854
2023 - $34,355,805,528
2022 - $31,426,041,807
2021 - $28,144,331,507
2020 - $23,352,232,484
2019 - $24,882,225,742
2018 - $24,067,750,760
2017 - $23,136,247,991
2016 - $21,717,604,952
2015 - $20,979,791,685
2014 - $19,756,533,972
2013 - $18,499,729,215
2012 - $18,528,554,398
2011 $2,065,001,626 $17,710,275,685
2010 $1,589,515,447 $15,839,344,592
2009 $1,856,695,551 $14,587,496,229
2008 $1,380,188,800 $13,881,731,876
2007 $1,317,974,491 $12,361,257,681
2006 $1,211,161,880 $10,917,477,066
2005 $1,098,424,686 $9,757,012,697
2004 $1,109,054,005 $8,869,299,234
2003 $870,248,268 $8,230,391,347
2002 $729,321,680 $7,858,255,413
2001 $752,371,689 $7,651,162,302
2000 $706,370,816 $7,186,638,029
1999 $688,918,537 $6,394,090,592
1998 $745,523,117 $6,163,707,533
1997 $686,490,090 $5,569,178,707
1996 $693,535,954 $4,798,834,459
1995 $578,015,625 $4,672,346,194
1994 $531,688,312 $4,105,686,899
1993 $467,872,715 $4,190,773,622
1992 $477,101,652 $4,122,846,905
1991 - $3,699,381,195
1990 - $3,734,460,117
1989 - $4,375,896,552
1988 - $4,892,660,944
1987 - $5,024,800,000
1986 - $4,706,100,000
1985 - $4,328,300,000
1984 - $4,029,900,000
1983 - $3,840,550,000
1982 - $3,619,500,000
1981 - $3,501,800,000
1980 - $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/eritrea/honduras | CC BY

GDP per capita in Eritrea vs Honduras by year

Eritrea
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eritrea Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $3,426 $7,486
2023 - - $3,227 $7,178
2022 - - $3,003 $6,805
2021 - - $2,735 $6,203
2020 - - $2,308 $5,385
2019 - - $2,502 $5,785
2018 - - $2,465 $5,633
2017 - - $2,413 $5,621
2016 - - $2,307 $5,186
2015 - - $2,271 $4,846
2014 - - $2,180 $4,460
2013 - - $2,081 $4,137
2012 - - $2,126 $4,016
2011 $689 $1,742 $2,074 $3,901
2010 $540 $1,599 $1,893 $3,758
2009 $643 $1,577 $1,781 $3,656
2008 $490 $1,547 $1,732 $3,806
2007 $480 $1,727 $1,578 $3,664
2006 $448 $1,682 $1,426 $3,438
2005 $413 $1,674 $1,305 $3,204
2004 $427 $1,621 $1,215 $3,001
2003 $349 $1,621 $1,156 $2,821
2002 $305 $1,702 $1,132 $2,715
2001 $325 $1,684 $1,132 $2,645
2000 $314 $1,558 $1,093 $2,587
1999 $311 $1,597 $999 $2,372
1998 $342 $1,598 $989 $2,152
1997 $319 $1,573 $917 $1,959
1996 $326 $1,449 $813 $1,617
1995 $285.4 $1,369 $814 $1,329
1994 $277.8 $1,379 $736 $1,074
1993 $252.1 $1,149 $773 $838
1992 $265.2 $1,021 $782 $741
1991 - - $722 $684
1990 - - $750 $540
1989 - - $904 -
1988 - - $1,039 -
1987 - - $1,098 -
1986 - - $1,058 -
1985 - - $1,001 -
1984 - - $960 -
1983 - - $942 -
1982 - - $914 -
1981 - - $912 -
1980 - - $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/eritrea/honduras | CC BY

Eritrea's GDP per capita is $689, ranking 188/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Eritrea ranks 191st at $1,742, while Honduras ranks 146th at $7,486.

Economic indicators

Eritrea Honduras
Gross domestic product
$2.07B
2011
$37.1B
2024
GDP rank
179/197
2011
104/197
2024
GDP growth
8.68%
2010-2011
3.55%
2023-2024
GDP per capita
$689
2011
$3,426
2024
GDP per capita rank
188/197
2011
136/197
2024
GDP per capita, PPP
$1,742
2011
$7,486
2024
GDP per capita PPP rank
191/197
2011
146/197
2024
Government debt
$3.54B
2011
$17.5B
2024
Debt-to-GDP ratio
260.4%
2019
47.1%
2024
Government debt per person
$1,182
2011
$1,613
2024
Government debt per person rank
136/185
2011
126/185
2024
Average annual personal income after taxes
$1,129
2026
$4,901
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
31.3%
2019
25.7%
2024
Consumer prices inflation
1.3%
2018-2019
4.61%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
5.8%
2017
4.91%
2024
Population
3700586
11237619

Spending and national debt comparison by year

Eritrea
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Eritrea Honduras
Government spending Government debt Government spending Government debt
2024 - - 25.7% 47.1%
2023 - - 27.2% 47.9%
2022 - - 24% 51%
2021 - - 28.8% 50.3%
2020 - - 28.4% 52.5%
2019 31.3% 260.4% 25.9% 44.1%
2018 26.4% 267.1% 26.2% 43.5%
2017 42.5% 290.4% 26.9% 43.6%
2016 30.9% 251.2% 27.4% 40.3%
2015 31.1% 271.4% 26% 42.3%
2014 21.6% 204.5% 26.4% 43%
2013 32.7% 232.4% 28% 42.1%
2012 33.3% 171.6% 26.4% 32.4%
2011 32.3% 171.6% 25.9% 31.5%
2010 42.4% 201.8% 26.5% 28.9%
2009 44.9% 207.1% 28.4% 23.8%
2008 69.4% 259.7% 26.4% 22.3%
2007 51.2% 201.3% 24.4% 24%
2006 50.5% 199% 24.4% 39.2%
2005 76.6% 205.4% 23.6% 55.6%
2004 57.1% 193.5% 25.5% 60.9%
2003 58.1% 264% 26.4% 67.8%
2002 60.1% 243.4% 26.8% 64.2%
2001 59.5% 238.6% 25.1% 63.4%
2000 84.7% 219.1% 22.1% 65.8%
1999 106.1% - 23.3% 75.8%
1998 88% - 19.4% 67.4%
1997 60.1% - 19.4% 70.8%
1996 68.6% - 18.7% 64.6%
1995 81.2% - 17.2% 65.4%
1994 50.4% - 19.2% 86.4%
1993 67.2% - 23.7% 108%
1992 32.7% - 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/eritrea/honduras | CC BY

In 2024, Eritrea's government spending was $666M, accounting for 31.3% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 260.4% in Eritrea and 47.1% in Honduras, ranking 2/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Eritrea

Honduras
1x
Year Deficit/surplus, % of GDP
Eritrea Honduras
2024 - -1.12%
2023 - -1.96%
2022 - 1.57%
2021 - -3.17%
2020 - -4.58%
2019 2.72% 0.09%
2018 5.22% 0.2%
2017 -5.74% -0.41%
2016 -1.44% -0.4%
2015 -2.77% -0.78%
2014 -0.12% -2.81%
2013 -7.62% -5.48%
2012 -5.21% -3.48%
2011 -5.5% -2.94%
2010 -16.5% -3.37%
2009 -22.2% -4.86%
2008 -38% -0.27%
2007 -19.8% -0.25%
2006 -15.5% -1.36%
2005 -31% -0.03%
2004 -7.65% -2.48%
2003 6.23% -5.09%
2002 -13.3% -5.02%
2001 -9.62% -3.12%
2000 -25.4% 1.51%
1999 -59.7% 1.38%
1998 -40.3% 2.89%
1997 -5.65% 0.08%
1996 -18.4% 0.13%
1995 -22.9% -0.24%
1994 8.69% -0.98%
1993 4.22% -5.03%
1992 6.85% -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/eritrea/honduras | CC BY

In 2011, Eritrea's government deficit, the difference between spending and revenue, was $114M, equivalent to 5.5% of GDP. This compares to Honduras' deficit of $521M, or 2.94% of GDP.

Over the past 20 years, Eritrea recorded a fiscal deficit in 16 of those years, while Honduras ran a deficit in 15 years. On average, Eritrea posted an annual deficit equal to 16.3% of GDP, compared to deficit of 1.52% of GDP for Honduras.

Inflation comparison by year

Inflation
Eritrea

Honduras
1x
Year Consumer prices inflation
Eritrea Honduras
2024 - 4.61%
2023 - 6.66%
2022 - 9.09%
2021 - 4.48%
2020 - 3.47%
2019 1.3% 4.37%
2018 -14.4% 4.35%
2017 -13.3% 3.93%
2016 -5.6% 2.72%
2015 28.5% 3.16%
2014 8.4% 6.13%
2013 6.3% 5.16%
2012 6% 5.2%
2011 5.9% 6.76%
2010 10.3% 4.7%
2009 33.9% 5.5%
2008 22.2% 11.4%
2007 9.4% 6.94%
2006 7.7% 5.58%
2005 12.5% 8.81%
2004 25.1% 8.11%
2003 22.7% 7.67%
2002 16.9% 7.69%
2001 14.6% 9.67%
2000 19.9% 11%
1999 8.4% 11.7%
1998 9.5% 13.7%
1997 3.7% 20.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

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

Over the past 23 years, Eritrea has recorded an average annual inflation rate of 10.4%, compared with 7.58% in Honduras. In 2019, inflation was 1.3% in Eritrea and 4.61% in Honduras.

Balance of trade

Eritrea Honduras
Current account balance
-$105M
2000
-$1.65B
2024
Current account balance ranking
89/190
2000
137/190
2024
Current account balance, % of GDP
-14.8%
2000
-4.45%
2024
Goods imports
$471M
2000
$14.6B
2024
Goods exports
$36.8M
2000
$5.67B
2024
Service imports
$28.5M
2000
$3.67B
2024
Service exports
$60.9M
2000
$3.75B
2024
Imports of goods and services, % of GDP
29.2%
2011
57.6%
2024
Exports of goods and services, % of GDP
18.2%
2011
33.5%
2024

Economic freedom indices

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

Eritrea Honduras
Economic freedom 39.6 59.1
Economic freedom ranking 188/197 105/197
Property rights 4.8 35.7
Government integrity 10.9 24.6
Judicial effectiveness 5.5 27.6
Tax burden 80.3 83.1
Government spending 62.3 80.3
Fiscal health 69 95.2
Business freedom 30.7 59.4
Labor freedom 43.4 37.9
Monetary freedom 80 70.1
Trade freedom 68.4 69.8
Investment freedom 0 65
Financial freedom 20 60

Economic freedom comparison by year

Eritrea
Honduras
1x
Year Economic freedom index
Eritrea Honduras
2026 39.6 59.1
2025 38.6 59.6
2024 39.5 58.6
2023 39.5 58.7
2022 39.7 59.5
2021 42.3 59.8
2020 38.5 61.1
2019 38.9 60.2
2018 41.7 60.6
2017 42.2 58.8
2016 42.7 57.7
2015 38.9 57.4
2014 38.5 57.1
2013 36.3 58.4
2012 36.2 58.8
2011 36.7 58.6
2010 35.3 58.3
2009 38.5 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/eritrea/honduras | CC BY

The Economic Freedom Index for Eritrea is 39.6, ranking 188/197, 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

Eritrea Honduras
Services, % of GDP n/a
58.4%
2024
Industry, % of GDP
21.8%
2009
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
14.1%
2009
11.2%
2024
GNI, Atlas method
$1.94B
2011
$32.7B
2024
GNI per capita, PPP
$1,720
2011
$6,900
2024
Total reserves including gold
$192M
2019
$8.04B
2024
Total reserves ranking
170/177
2019
84/177
2024
Net foreign direct investment
-$27.9M
2000
-$620M
2024
Net inflows of foreign direct investment
-$27.9M
2024
$1.31B
2024
Net outflows of foreign direct investment
$0
2024
$689M
2024
Servicing debt to the IMF, % of GNI
1.07%
2011
5.23%
2024
Poverty at national poverty lines
50%
2020
62.9%
2024
Gross capital formation, % of GDP
12.6%
2011
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/eritrea/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. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.