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Economy of Guinea-Bissau vs Honduras compared: GDP & Debt

Updated on by Georank

Guinea-Bissau has a GDP of $2.53B compared to $39.6B for Honduras, ranking 176/197 and 104/197 by economy size, respectively.

Guinea-Bissau has $1.9B in government debt (75.3% of GDP), compared to $16.3B (41.2% of GDP) in Honduras.

Guinea-Bissau vs Honduras GDP by year

Guinea-Bissau
Honduras
1x
Year GDP, current $
Guinea-Bissau Honduras
2025 $2,527,930,273 $39,601,409,103
2024 $2,197,777,210 $36,980,171,442
2023 $2,076,748,678 $34,355,805,528
2022 $1,856,239,955 $31,426,041,807
2021 $1,907,611,288 $28,144,331,507
2020 $1,705,062,170 $23,352,232,484
2019 $1,596,214,680 $24,882,225,742
2018 $1,554,133,594 $24,067,750,760
2017 $1,469,978,606 $23,136,247,991
2016 $1,245,074,264 $21,717,604,952
2015 $1,152,384,167 $20,979,791,685
2014 $1,135,250,721 $19,756,533,972
2013 $1,109,682,824 $18,499,729,215
2012 $1,049,412,177 $18,528,554,398
2011 $1,157,074,319 $17,710,275,685
2010 $940,112,539 $15,839,344,592
2009 $890,167,833 $14,587,496,229
2008 $952,667,544 $13,881,731,876
2007 $753,162,998 $12,361,257,681
2006 $634,781,901 $10,917,477,066
2005 $639,776,041 $9,757,012,697
2004 $582,169,841 $8,869,299,234
2003 $553,614,800 $8,230,391,347
2002 $466,773,711 $7,858,255,413
2001 $412,610,872 $7,651,162,302
2000 $391,345,597 $7,186,638,029
1999 $579,365,780 $6,394,090,592
1998 $591,034,143 $6,163,707,533
1997 $698,107,222 $5,569,178,707
1996 $702,965,148 $4,798,834,459
1995 $660,195,402 $4,672,346,194
1994 $612,502,085 $4,105,686,899
1993 $615,779,519 $4,190,773,622
1992 $588,309,271 $4,122,846,905
1991 $668,470,891 $3,699,381,195
1990 $634,187,269 $3,734,460,117
1989 $554,072,303 $4,375,896,552
1988 $427,514,322 $4,892,660,944
1987 $451,893,375 $5,024,800,000
1986 $338,524,233 $4,706,100,000
1985 $373,959,151 $4,328,300,000
1984 $359,980,491 $4,029,900,000
1983 $425,225,177 $3,840,550,000
1982 $430,284,022 $3,619,500,000
1981 $402,230,865 $3,501,800,000
1980 $287,648,258 $3,184,400,000
1979 $308,143,183 $2,778,900,000
1978 $318,876,550 $2,393,650,000
1977 $298,871,675 $1,900,700,000
1976 $292,152,321 $1,589,300,000
1975 $283,311,997 $1,330,050,000
1974 $256,769,730 $1,243,000,000
1973 $232,331,281 $1,128,299,436
1972 $227,986,203 $1,030,645,362
1971 $204,167,297 $958,450,000
1970 $204,670,551 $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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/honduras | CC BY

GDP per capita in Guinea-Bissau vs Honduras by year

Guinea-Bissau
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guinea-Bissau Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $3,598 -
2024 $998 $3,119 $3,416 $7,486
2023 $964 $2,990 $3,227 $7,178
2022 $882 $2,789 $3,003 $6,805
2021 $927 $2,523 $2,735 $6,203
2020 $847 $2,340 $2,308 $5,385
2019 $811 $2,247 $2,502 $5,785
2018 $809 $2,058 $2,465 $5,633
2017 $783 $2,082 $2,413 $5,621
2016 $680 $1,824 $2,307 $5,186
2015 $645 $1,730 $2,271 $4,846
2014 $652 $1,456 $2,180 $4,460
2013 $654 $1,416 $2,081 $4,137
2012 $635 $1,402 $2,126 $4,016
2011 $720 $1,472 $2,074 $3,901
2010 $600 $1,370 $1,893 $3,758
2009 $583 $1,315 $1,781 $3,656
2008 $640 $1,309 $1,732 $3,806
2007 $519 $1,260 $1,578 $3,664
2006 $449 $1,226 $1,426 $3,438
2005 $463 $1,187 $1,305 $3,204
2004 $431 $1,105 $1,215 $3,001
2003 $420 $1,089 $1,156 $2,821
2002 $362 $1,095 $1,132 $2,715
2001 $327 $1,064 $1,132 $2,645
2000 $317 $1,014 $1,093 $2,587
1999 $479 $1,001 $999 $2,372
1998 $498 $861 $989 $2,152
1997 $599 $1,118 $917 $1,959
1996 $615 $1,052 $813 $1,617
1995 $589 $945 $814 $1,329
1994 $561 $909 $736 $1,074
1993 $582 $890 $773 $838
1992 $574 $880 $782 $741
1991 $672 $877 $722 $684
1990 $651 $824 $750 $540
1989 $578 - $904 -
1988 $454 - $1,039 -
1987 $488 - $1,098 -
1986 $371 - $1,058 -
1985 $417 - $1,001 -
1984 $407 - $960 -
1983 $489 - $942 -
1982 $503 - $914 -
1981 $477 - $912 -
1980 $347 - $854 -
1979 $376 - $769 -
1978 $403 - $683 -
1977 $403 - $559 -
1976 $421 - $482 -
1975 $435 - $417 -
1974 $419 - $401 -
1973 $392 - $375 -
1972 $389 - $353 -
1971 $348 - $338 -
1970 $350 - $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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/honduras | CC BY

Guinea-Bissau's GDP per capita is $1,124, ranking 177/197, compared to $3,598 in Honduras, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Guinea-Bissau ranks 179th at $3,119, while Honduras ranks 146th at $7,486.

Economic indicators

Guinea-Bissau Honduras
Gross domestic product
$2.53B
2025
$39.6B
2025
GDP rank
176/197
2025
104/197
2025
GDP growth
5.82%
2024-2025
3.75%
2024-2025
GDP per capita
$1,124
2025
$3,598
2025
GDP per capita rank
177/197
2025
137/197
2025
GDP per capita, PPP
$3,119
2024
$7,486
2024
GDP per capita PPP rank
179/197
2024
146/197
2024
Government debt
$1.9B
2025
$16.3B
2025
Debt-to-GDP ratio
75.3%
2025
41.2%
2025
Government debt per person
$846
2025
$1,483
2025
Government debt per person rank
149/185
2025
132/185
2025
Average annual personal income after taxes
$1,483
2026
$2,887
2026
Income share by richest 10%
26.1%
2021
32.3%
2024
Income share by poorest 10%
3.4%
2021
1.2%
2024
Government expenditure, % of GDP
19.9%
2025
24.9%
2025
Consumer prices inflation
0.9%
2024-2025
4.6%
2024-2025
Central bank interest rate n/a
5.75%
2024
Unemployment rate
2.67%
2022
4.85%
2025
Population
2323460
11279259

Spending and national debt comparison by year

Guinea-Bissau
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Guinea-Bissau Honduras
Government spending Government debt Government spending Government debt
2025 19.9% 75.3% 24.9% 41.2%
2024 20.4% 82.4% 25.7% 41.5%
2023 21.9% 79.4% 27.2% 41.7%
2022 21.3% 80.7% 24% 46.9%
2021 25% 78.8% 28.8% 52.7%
2020 25% 77.6% 28.4% 53.5%
2019 18.8% 65.1% 25.9% 43.3%
2018 19.5% 59.1% 26.2% 42.4%
2017 18.1% 51.8% 26.9% 41.3%
2016 20.5% 59.1% 27.4% 39.4%
2015 21.5% 56.3% 26% 38.3%
2014 23% 60.1% 26.4% 35.2%
2013 12.4% 49.6% 28% 37.3%
2012 13% 47.4% 26.4% 27.1%
2011 17.3% 45.6% 25.9% 24.6%
2010 18.5% 61.7% 26.5% 21.8%
2009 20.6% 148.3% 28.4% 23.8%
2008 21.8% 148.8% 26.4% 22.3%
2007 23.7% 164% 24.4% 24%
2006 19.8% 190.4% 24.4% 39.2%
2005 20.2% 203.7% 23.6% 55.6%
2004 23% 202% 25.5% 60.9%
2003 17% 183.4% 26.4% 67.8%
2002 14.1% 197.5% 26.8% 64.2%
2001 19.1% 204.4% 25.1% 63.4%
2000 23.5% 217.1% 22.1% 65.8%
1999 12.1% 109.9% 23.3% 75.8%
1998 8.72% 109.1% 19.4% 67.4%
1997 12.7% 94.3% 19.4% 70.8%
1996 8.93% 117.3% 18.7% 64.6%
1995 8.14% 103.3% 17.2% 65.4%
1994 18.4% 105.5% 19% 85.5%
1993 13.1% 112.4% 24.5% 111.7%
1992 10.1% 85.3% 21.6% 123.2%
1991 9.19% 88.9% 20.8% 135.4%
1990 - - 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 (1960–1996, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/honduras | CC BY

In 2025, Guinea-Bissau's government spending was $502M, accounting for 19.9% of its GDP, while Honduras spent $9.87B, or 24.9% of GDP.

Debt-to-GDP ratio is 75.3% in Guinea-Bissau and 41.2% in Honduras, ranking 49/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Guinea-Bissau

Honduras
1x
Year Deficit/surplus, % of GDP
Guinea-Bissau Honduras
2025 -6.69% -0.74%
2024 -7.26% -1.12%
2023 -8.15% -1.96%
2022 -6.06% 1.57%
2021 -5.88% -3.17%
2020 -9.64% -4.58%
2019 -3.86% 0.09%
2018 -4.76% 0.2%
2017 -1.32% -0.41%
2016 -5.34% -0.4%
2015 -3.16% -0.78%
2014 -2.44% -2.81%
2013 -1.67% -5.48%
2012 -2.12% -3.48%
2011 -1.35% -2.94%
2010 -0.23% -3.37%
2009 2.68% -4.86%
2008 -0.73% -0.27%
2007 -8.77% -0.25%
2006 -4.57% -1.36%
2005 -4.96% -0.03%
2004 -5.92% -2.48%
2003 -5.63% -5.09%
2002 -3.7% -5.02%
2001 -1.83% -3.12%
2000 -2.8% 1.51%
1999 -4.06% 1.38%
1998 -5.95% 2.89%
1997 -2.56% 0.08%
1996 3.48% 0.13%
1995 2.45% -0.24%
1994 -5.54% -0.97%
1993 -0.34% -5.21%
1992 -0.25% -1.49%
1991 1.61% -2.16%
1990 - -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/guinea-bissau/honduras | CC BY

In 2025, Guinea-Bissau's government deficit, the difference between spending and revenue, was $169M, equivalent to 6.69% of GDP. This compares to Honduras' deficit of $295M, or 0.74% of GDP.

Over the past 35 years, Guinea-Bissau recorded a fiscal deficit in 31 of those years, while Honduras ran a deficit in 27 years. On average, Guinea-Bissau posted an annual deficit equal to 3.35% of GDP, compared to deficit of 1.6% of GDP for Honduras.

Inflation comparison by year

Inflation
Guinea-Bissau

Honduras
1x
Year Consumer prices inflation
Guinea-Bissau Honduras
2025 0.9% 4.6%
2024 3.7% 4.61%
2023 7.2% 6.66%
2022 7.9% 9.09%
2021 3.3% 4.48%
2020 1.5% 3.47%
2019 0.3% 4.37%
2018 0.4% 4.35%
2017 -0.2% 3.93%
2016 2.7% 2.72%
2015 1.5% 3.16%
2014 -1% 6.13%
2013 0.8% 5.16%
2012 2.1% 5.2%
2011 5.1% 6.76%
2010 1.1% 4.7%
2009 -1.6% 5.5%
2008 10.4% 11.4%
2007 4.6% 6.94%
2006 2% 5.58%
2005 3.4% 8.81%
2004 0.8% 8.11%
2003 -3.5% 7.67%
2002 3.3% 7.69%
2001 3.3% 9.67%
2000 8.6% 11%
1999 -2.1% 11.7%
1998 8.1% 13.7%
1997 49.1% 20.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/guinea-bissau/honduras | CC BY

Over the past 29 years, Guinea-Bissau has recorded an average annual inflation rate of 4.27%, compared with 7.15% in Honduras. In 2025, inflation was 0.9% in Guinea-Bissau and 4.6% in Honduras.

Balance of trade

Guinea-Bissau Honduras
Current account balance
-$162M
2024
$936M
2025
Current account balance ranking
87/190
2024
50/190
2025
Current account balance, % of GDP
-7.36%
2024
+2.36%
2025
Goods imports
$414M
2024
$15.4B
2025
Goods exports
$229M
2024
$6.88B
2025
Service imports
$198M
2024
$4.1B
2025
Service exports
$51M
2024
$3.89B
2025
Imports of goods and services, % of GDP
27%
2025
56.5%
2025
Exports of goods and services, % of GDP
13.9%
2025
35%
2025

Economic freedom indices

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

Guinea-Bissau Honduras
Economic freedom 43.2 59.1
Economic freedom ranking 181/197 105/197
Property rights 28.4 35.7
Government integrity 21 24.6
Judicial effectiveness 13.2 27.6
Tax burden 89 83.1
Government spending 86.5 80.3
Fiscal health 6.5 95.2
Business freedom 34.6 59.4
Labor freedom 55.9 37.9
Monetary freedom 75.9 70.1
Trade freedom 47 69.8
Investment freedom 30 65
Financial freedom 30 60

Economic freedom comparison by year

Guinea-Bissau
Honduras
1x
Year Economic freedom index
Guinea-Bissau Honduras
2026 43.2 59.1
2025 43.6 59.6
2024 42.7 58.6
2023 44.6 58.7
2022 46 59.5
2021 54.9 59.8
2020 53.3 61.1
2019 54 60.2
2018 56.9 60.6
2017 56.1 58.8
2016 51.8 57.7
2015 52 57.4
2014 51.3 57.1
2013 51.1 58.4
2012 50.1 58.8
2011 46.5 58.6
2010 43.6 58.3
2009 45.4 58.7
2008 44.4 58.9
2007 46.1 59.1
2006 46.5 57.4
2005 46 55.3
2004 42.6 55.3
2003 43.1 60.4
2002 42.3 58.7
2001 42.5 57
2000 34.7 57.6
1999 33.5 56.7
1998 - 56.2
1997 - 56
1996 - 56.6
1995 - 57

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

GeoRank.org/economy/guinea-bissau/honduras | CC BY

The Economic Freedom Index for Guinea-Bissau is 43.2, ranking 181/197, 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

Guinea-Bissau Honduras
Services, % of GDP
39.1%
2025
57.6%
2025
Industry, % of GDP
15.7%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
40.6%
2025
13.3%
2025
GNI, Atlas method
$2.45B
2025
$36B
2025
GNI per capita, PPP
$3,320
2025
$7,270
2025
Total reserves including gold n/a
$10.2B
2025
Total reserves ranking n/a
78/177
2025
Net foreign direct investment
-$26.3M
2024
-$810M
2025
Net inflows of foreign direct investment
$26.7M
2024
$478M
2024
Net outflows of foreign direct investment
$389K
2024
-$49.4M
2024
Servicing debt to the IMF, % of GNI
1.77%
2024
5.23%
2024
Poverty at national poverty lines
50.5%
2021
60.1%
2025
Gross capital formation, % of GDP
25.8%
2025
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/guinea-bissau/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 (1927–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, 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.