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Economy of Guyana vs Honduras compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $37.1B for Honduras, ranking 120/197 and 104/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $17.5B (47.1% of GDP) in Honduras.

Guyana vs Honduras GDP by year

Guyana
Honduras
1x
Year GDP, current $
Guyana Honduras
2024 $24,662,709,832 $37,093,565,854
2023 $16,918,503,597 $34,355,805,528
2022 $14,718,388,489 $31,426,041,807
2021 $8,041,362,110 $28,144,331,507
2020 $5,471,256,595 $23,352,232,484
2019 $5,173,760,192 $24,882,225,742
2018 $4,787,636,998 $24,067,750,760
2017 $4,748,174,334 $23,136,247,991
2016 $4,482,697,337 $21,717,604,952
2015 $4,279,840,194 $20,979,791,685
2014 $4,127,660,152 $19,756,533,972
2013 $4,167,800,929 $18,499,729,215
2012 $4,063,088,536 $18,528,554,398
2011 $3,691,384,318 $17,710,275,685
2010 $3,432,912,517 $15,839,344,592
2009 $3,165,663,153 $14,587,496,229
2008 $3,025,187,433 $13,881,731,876
2007 $2,730,971,595 $12,361,257,681
2006 $2,379,817,991 $10,917,477,066
2005 $824,880,550 $9,757,012,697
2004 $787,814,379 $8,869,299,234
2003 $743,063,950 $8,230,391,347
2002 $726,131,435 $7,858,255,413
2001 $712,167,450 $7,651,162,302
2000 $712,667,897 $7,186,638,029
1999 $694,754,988 $6,394,090,592
1998 $717,530,683 $6,163,707,533
1997 $749,138,010 $5,569,178,707
1996 $705,406,001 $4,798,834,459
1995 $621,626,786 $4,672,346,194
1994 $540,874,934 $4,105,686,899
1993 $454,101,382 $4,190,773,622
1992 $373,573,141 $4,122,846,905
1991 $348,533,095 $3,699,381,195
1990 $396,582,263 $3,734,460,117
1989 $379,779,390 $4,375,896,552
1988 $413,799,990 $4,892,660,944
1987 $354,591,847 $5,024,800,000
1986 $504,651,140 $4,706,100,000
1985 $453,488,372 $4,328,300,000
1984 $437,631,605 $4,029,900,000
1983 $489,333,333 $3,840,550,000
1982 $482,000,000 $3,619,500,000
1981 $570,357,107 $3,501,800,000
1980 $603,200,000 $3,184,400,000
1979 $530,440,000 $2,778,900,000
1978 $507,080,000 $2,393,650,000
1977 $449,880,000 $1,900,700,000
1976 $454,440,000 $1,589,300,000
1975 $494,791,667 $1,330,050,000
1974 $433,954,545 $1,243,000,000
1973 $307,047,619 $1,128,299,436
1972 $285,380,952 $1,030,645,362
1971 $282,050,000 $958,450,000
1970 $267,800,000 $904,400,000
1969 $249,300,000 $844,400,000
1968 $229,750,000 $815,450,000
1967 $250,176,471 $750,950,000
1966 $228,705,882 $692,150,000
1965 $213,235,294 $651,050,000
1964 $194,774,513 $591,100,000
1963 $175,757,894 $553,500,000
1962 $194,949,513 $532,450,000
1961 $185,849,535 $503,300,000
1960 $170,216,241 $475,650,000

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

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

GDP per capita in Guyana vs Honduras by year

Guyana
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $3,426 $7,486
2023 $20,474 $54,729 $3,227 $7,178
2022 $17,913 $39,711 $3,003 $6,805
2021 $9,861 $22,866 $2,735 $6,203
2020 $6,776 $16,819 $2,308 $5,385
2019 $6,406 $13,241 $2,502 $5,785
2018 $6,048 $12,443 $2,465 $5,633
2017 $6,179 $12,243 $2,413 $5,621
2016 $5,871 $11,516 $2,307 $5,186
2015 $5,640 $11,408 $2,271 $4,846
2014 $5,473 $11,145 $2,180 $4,460
2013 $5,557 $11,200 $2,081 $4,137
2012 $5,444 $10,627 $2,126 $4,016
2011 $4,947 $10,066 $2,074 $3,901
2010 $4,582 $9,337 $1,893 $3,758
2009 $4,209 $8,824 $1,781 $3,656
2008 $4,009 $8,437 $1,732 $3,806
2007 $3,608 $8,110 $1,578 $3,664
2006 $3,136 $7,346 $1,426 $3,438
2005 $1,084 $6,761 $1,305 $3,204
2004 $1,033 $6,673 $1,215 $3,001
2003 $974 $6,392 $1,156 $2,821
2002 $951 $6,304 $1,132 $2,715
2001 $932 $6,131 $1,132 $2,645
2000 $932 $5,860 $1,093 $2,587
1999 $909 $5,812 $999 $2,372
1998 $940 $5,573 $989 $2,152
1997 $983 $5,615 $917 $1,959
1996 $928 $5,210 $813 $1,617
1995 $820 $4,753 $814 $1,329
1994 $716 $4,447 $736 $1,074
1993 $603 $4,027 $773 $838
1992 $498 $3,651 $782 $741
1991 $466 $3,322 $722 $684
1990 $529 $3,022 $750 $540
1989 $503 - $904 -
1988 $545 - $1,039 -
1987 $464 - $1,098 -
1986 $657 - $1,058 -
1985 $588 - $1,001 -
1984 $565 - $960 -
1983 $631 - $942 -
1982 $621 - $914 -
1981 $735 - $912 -
1980 $779 - $854 -
1979 $689 - $769 -
1978 $663 - $683 -
1977 $593 - $559 -
1976 $604 - $482 -
1975 $664 - $417 -
1974 $588 - $401 -
1973 $421 - $375 -
1972 $395 - $353 -
1971 $396 - $338 -
1970 $381 - $329 -
1969 $361 - $316 -
1968 $340 - $314 -
1967 $378 - $298.2 -
1966 $353 - $282.9 -
1965 $336 - $273.9 -
1964 $313 - $255.9 -
1963 $288.8 - $246.6 -
1962 $327 - $244 -
1961 $319 - $237.3 -
1960 $299.1 - $230.7 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Honduras ranks 146th at $7,486.

Economic indicators

Guyana Honduras
Gross domestic product
$24.7B
2024
$37.1B
2024
GDP rank
120/197
2024
104/197
2024
GDP growth
43.8%
2023-2024
3.55%
2023-2024
GDP per capita
$29,675
2024
$3,426
2024
GDP per capita rank
41/197
2024
136/197
2024
GDP per capita, PPP
$80,155
2024
$7,486
2024
GDP per capita PPP rank
15/197
2024
146/197
2024
Government debt
$5.99B
2024
$17.5B
2024
Debt-to-GDP ratio
24.3%
2024
47.1%
2024
Government debt per person
$7,213
2024
$1,613
2024
Government debt per person rank
66/185
2024
126/185
2024
Average annual personal income after taxes
$13,212
2026
$4,901
2026
Income share by richest 10%
34.4%
1998
32.3%
2024
Income share by poorest 10%
1.1%
1998
1.2%
2024
Government expenditure, % of GDP
23.2%
2024
25.7%
2024
Consumer prices inflation
2.5%
2023-2024
4.61%
2023-2024
Central bank interest rate n/a
5.75%
2024
Unemployment rate
13.2%
2019
4.91%
2024
Population
842249
11237619

Spending and national debt comparison by year

Guyana
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Guyana Honduras
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 25.7% 47.1%
2023 23.7% 26.7% 27.2% 47.9%
2022 20.3% 24.8% 24% 51%
2021 24.8% 45.7% 28.8% 50.3%
2020 30.5% 59.5% 28.4% 52.5%
2019 28.1% 54% 25.9% 44.1%
2018 27.6% 47.9% 26.2% 43.5%
2017 26.3% 46.1% 26.9% 43.6%
2016 25.2% 44% 27.4% 40.3%
2015 21.7% 42.2% 26% 42.3%
2014 23.1% 38.7% 26.4% 43%
2013 21.4% 41.4% 28% 42.1%
2012 21.8% 44.7% 26.4% 32.4%
2011 23.5% 51.7% 25.9% 31.5%
2010 23.9% 53.1% 26.5% 28.9%
2009 25.4% 52.3% 28.4% 23.8%
2008 24.1% 48.2% 26.4% 22.3%
2007 25.5% 47.7% 24.4% 24%
2006 29% 74.5% 24.4% 39.2%
2005 28.4% 90.7% 23.6% 55.6%
2004 23.7% 91.8% 25.5% 60.9%
2003 23.5% 95.6% 26.4% 67.8%
2002 23.1% 105.1% 26.8% 64.2%
2001 24% 104.6% 25.1% 63.4%
2000 22.9% 97.2% 22.1% 65.8%
1999 17.6% 97.1% 23.3% 75.8%
1998 19.7% 108% 19.4% 67.4%
1997 20.9% 101.3% 19.4% 70.8%
1996 - - 18.7% 64.6%
1995 - - 17.2% 65.4%
1994 - - 19.2% 86.4%
1993 - - 23.7% 108%
1992 - - 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/guyana/honduras | CC BY

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Honduras spent $9.52B, or 25.7% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 47.1% in Honduras, ranking 168/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Honduras
1x
Year Deficit/surplus, % of GDP
Guyana Honduras
2024 -7.31% -1.12%
2023 -5.78% -1.96%
2022 -5.11% 1.57%
2021 -6.94% -3.17%
2020 -7.78% -4.58%
2019 -2.52% 0.09%
2018 -2.52% 0.2%
2017 -3.14% -0.41%
2016 -3.21% -0.4%
2015 -0.75% -0.78%
2014 -3.88% -2.81%
2013 -2.16% -5.48%
2012 -3.11% -3.48%
2011 -2.13% -2.94%
2010 -1.88% -3.37%
2009 -2.5% -4.86%
2008 -2.78% -0.27%
2007 -3.35% -0.25%
2006 -6.16% -1.36%
2005 -6.54% -0.03%
2004 -2.88% -2.48%
2003 -4.81% -5.09%
2002 -2.42% -5.02%
2001 -3.71% -3.12%
2000 -2.27% 1.51%
1999 -0.47% 1.38%
1998 -2.67% 2.89%
1997 -1.7% 0.08%
1996 - 0.13%
1995 - -0.24%
1994 - -0.98%
1993 - -5.03%
1992 - -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/guyana/honduras | CC BY

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Honduras' deficit of $415M, or 1.12% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Honduras ran a deficit in 21 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 1.62% of GDP for Honduras.

Inflation comparison by year

Inflation
Guyana

Honduras
1x
Year Consumer prices inflation
Guyana Honduras
2024 2.5% 4.61%
2023 4.5% 6.66%
2022 6.5% 9.09%
2021 3.3% 4.48%
2020 1.2% 3.47%
2019 2.1% 4.37%
2018 1.3% 4.35%
2017 1.9% 3.93%
2016 0.8% 2.72%
2015 -0.9% 3.16%
2014 0.7% 6.13%
2013 1.9% 5.16%
2012 2.4% 5.2%
2011 4.4% 6.76%
2010 4.3% 4.7%
2009 3% 5.5%
2008 8.1% 11.4%
2007 12.2% 6.94%
2006 6.7% 5.58%
2005 6.9% 8.81%
2004 4.7% 8.11%
2003 6% 7.67%
2002 5.4% 7.69%
2001 2.6% 9.67%
2000 6.1% 11%
1999 7.5% 11.7%
1998 4.6% 13.7%
1997 3.6% 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/guyana/honduras | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 7.24% in Honduras. In 2024, inflation was 2.5% in Guyana and 4.61% in Honduras.

Top exports between countries

Guyana
Export category Export value
Raw agricultural goods $3.4M
Chemicals & pharma $8K
Machinery & equipment $2K
Honduras
Export category Export value
Processed food, beverages & tobacco $82K
Machinery & equipment $80K
Raw materials & minerals $75K
Wood & paper products $63K
Chemicals & pharma $6K
Raw agricultural goods $1K

Balance of trade

Guyana Honduras
Current account balance
$2.35B
2023
-$1.65B
2024
Current account balance ranking
43/190
2023
137/190
2024
Current account balance, % of GDP
+13.9%
2023
-4.45%
2024
Goods imports
$6B
2023
$14.6B
2024
Goods exports
$13.2B
2023
$5.67B
2024
Service imports
$4.95B
2023
$3.67B
2024
Service exports
$529M
2023
$3.75B
2024
Imports of goods and services, % of GDP
109.7%
2005
57.6%
2024
Exports of goods and services, % of GDP
84.6%
2005
33.5%
2024

Economic freedom indices

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

Guyana Honduras
Economic freedom 58.7 59.1
Economic freedom ranking 109/197 105/197
Property rights 46.7 35.7
Government integrity 38.8 24.6
Judicial effectiveness 48.6 27.6
Tax burden 76.4 83.1
Government spending 85 80.3
Fiscal health 39.9 95.2
Business freedom 70.9 59.4
Labor freedom 76 37.9
Monetary freedom 78.5 70.1
Trade freedom 59.2 69.8
Investment freedom 55 65
Financial freedom 30 60

Economic freedom comparison by year

Guyana
Honduras
1x
Year Economic freedom index
Guyana Honduras
2026 58.7 59.1
2025 58.2 59.6
2024 57.3 58.6
2023 56.9 58.7
2022 59.5 59.5
2021 57.4 59.8
2020 56.2 61.1
2019 56.8 60.2
2018 58.7 60.6
2017 58.5 58.8
2016 55.4 57.7
2015 55.5 57.4
2014 55.7 57.1
2013 53.8 58.4
2012 51.3 58.8
2011 49.4 58.6
2010 48.4 58.3
2009 48.4 58.7
2008 48.8 58.9
2007 53.7 59.1
2006 56.6 57.4
2005 56.5 55.3
2004 53 55.3
2003 50.3 60.4
2002 54.3 58.7
2001 53.3 57
2000 52.4 57.6
1999 53.3 56.7
1998 52.7 56.2
1997 53.2 56
1996 50.1 56.6
1995 45.7 57

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, 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

Guyana Honduras
Services, % of GDP
14.5%
2024
58.4%
2024
Industry, % of GDP
76%
2024
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
11.2%
2024
GNI, Atlas method
$16.7B
2024
$32.7B
2024
GNI per capita, PPP
$52,290
2024
$6,900
2024
Total reserves including gold
$1.01B
2024
$8.04B
2024
Total reserves ranking
141/177
2024
84/177
2024
Net foreign direct investment
$1.14B
2023
-$620M
2024
Net inflows of foreign direct investment
$8.63B
2024
$1.31B
2024
Net outflows of foreign direct investment
$5.7M
2024
$689M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
5.23%
2024
Poverty at national poverty lines
35%
2020
62.9%
2024
Gross capital formation, % of GDP
32.3%
2005
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/guyana/honduras | CC BY

Compare countries by 7 more topics

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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. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.