Skip to content

Economy of Honduras vs Hungary compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $223B for Hungary, ranking 104/197 and 55/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Honduras vs Hungary GDP by year

Honduras
Hungary
1x
Year GDP, current $
Honduras Hungary
2024 $37,093,565,854 $222,722,738,926
2023 $34,355,805,528 $213,240,316,635
2022 $31,426,041,807 $177,002,580,544
2021 $28,144,331,507 $183,282,685,440
2020 $23,352,232,484 $158,468,487,754
2019 $24,882,225,742 $164,936,682,034
2018 $24,067,750,760 $161,184,691,014
2017 $23,136,247,991 $143,335,098,992
2016 $21,717,604,952 $128,983,560,865
2015 $20,979,791,685 $125,244,126,623
2014 $19,756,533,972 $141,128,696,412
2013 $18,499,729,215 $135,646,053,779
2012 $18,528,554,398 $128,470,269,690
2011 $17,710,275,685 $141,712,804,954
2010 $15,839,344,592 $131,898,737,241
2009 $14,587,496,229 $130,807,441,076
2008 $13,881,731,876 $158,228,265,916
2007 $12,361,257,681 $140,123,326,896
2006 $10,917,477,066 $115,604,111,412
2005 $9,757,012,697 $113,098,237,571
2004 $8,869,299,234 $104,015,363,080
2003 $8,230,391,347 $85,190,469,121
2002 $7,858,255,413 $67,636,468,625
2001 $7,651,162,302 $53,800,068,066
2000 $7,186,638,029 $47,275,954,429
1999 $6,394,090,592 $49,160,204,397
1998 $6,163,707,533 $48,784,412,624
1997 $5,569,178,707 $47,398,564,799
1996 $4,798,834,459 $46,833,767,124
1995 $4,672,346,194 $46,577,614,589
1994 $4,105,686,899 $43,307,949,890
1993 $4,190,773,622 $40,256,233,360
1992 $4,122,846,905 $38,857,339,125
1991 $3,699,381,195 $34,867,307,353
1990 $3,734,460,117 $34,478,360,679
1989 $4,375,896,552 $30,422,508,938
1988 $4,892,660,944 $29,799,838,597
1987 $5,024,800,000 $27,232,016,527
1986 $4,706,100,000 $24,778,163,812
1985 $4,328,300,000 $21,510,643,750
1984 $4,029,900,000 $21,242,726,264
1983 $3,840,550,000 $21,910,365,258
1982 $3,619,500,000 $24,141,667,188
1981 $3,501,800,000 $23,705,883,892
1980 $3,184,400,000 $23,116,977,148
1979 $2,778,900,000 $19,959,731,325
1978 $2,393,650,000 $17,286,744,154
1977 $1,900,700,000 $14,783,674,055
1976 $1,589,300,000 $13,235,612,079
1975 $1,330,050,000 $11,420,392,515
1974 $1,243,000,000 $10,016,338,179
1973 $1,128,299,436 $9,138,292,402
1972 $1,030,645,362 $7,379,313,742
1971 $958,450,000 $6,291,568,221
1970 $904,400,000 $5,780,929,203
1969 $844,400,000 $5,429,812,387
1968 $815,450,000 $4,886,222,555
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/honduras/hungary | CC BY

GDP per capita in Honduras vs Hungary by year

Honduras
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $23,292 $48,552
2023 $3,227 $7,178 $22,231 $46,592
2022 $3,003 $6,805 $18,428 $44,366
2021 $2,735 $6,203 $19,031 $38,887
2020 $2,308 $5,385 $16,387 $35,584
2019 $2,502 $5,785 $17,013 $35,627
2018 $2,465 $5,633 $16,605 $32,258
2017 $2,413 $5,621 $14,736 $29,728
2016 $2,307 $5,186 $13,216 $28,179
2015 $2,271 $4,846 $12,783 $26,938
2014 $2,180 $4,460 $14,353 $25,796
2013 $2,081 $4,137 $13,739 $24,592
2012 $2,126 $4,016 $12,950 $23,205
2011 $2,074 $3,901 $14,211 $22,992
2010 $1,893 $3,758 $13,190 $21,691
2009 $1,781 $3,656 $13,051 $20,691
2008 $1,732 $3,806 $15,763 $20,709
2007 $1,578 $3,664 $13,935 $19,089
2006 $1,426 $3,438 $11,478 $18,362
2005 $1,305 $3,204 $11,212 $17,091
2004 $1,215 $3,001 $10,291 $16,251
2003 $1,156 $2,821 $8,410 $15,460
2002 $1,132 $2,715 $6,658 $14,532
2001 $1,132 $2,645 $5,281 $13,223
2000 $1,093 $2,587 $4,630 $11,872
1999 $999 $2,372 $4,802 $10,892
1998 $989 $2,152 $4,752 $10,415
1997 $917 $1,959 $4,606 $9,846
1996 $813 $1,617 $4,542 $9,388
1995 $814 $1,329 $4,509 $9,222
1994 $736 $1,074 $4,187 $8,888
1993 $773 $838 $3,887 $8,441
1992 $782 $741 $3,747 $8,284
1991 $722 $684 $3,361 $8,352
1990 $750 $540 $3,324 $9,169
1989 $904 - $2,902 -
1988 $1,039 - $2,812 -
1987 $1,098 - $2,566 -
1986 $1,058 - $2,331 -
1985 $1,001 - $2,020 -
1984 $960 - $1,991 -
1983 $942 - $2,050 -
1982 $914 - $2,255 -
1981 $912 - $2,213 -
1980 $854 - $2,158 -
1979 $769 - $1,865 -
1978 $683 - $1,618 -
1977 $559 - $1,388 -
1976 $482 - $1,249 -
1975 $417 - $1,083 -
1974 $401 - $956 -
1973 $375 - $876 -
1972 $353 - $710 -
1971 $338 - $607 -
1970 $329 - $559 -
1969 $316 - $527 -
1968 $314 - $476 -
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/honduras/hungary | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Hungary ranks 48th at $48,552.

Economic indicators

Honduras Hungary
Gross domestic product
$37.1B
2024
$223B
2024
GDP rank
104/197
2024
55/197
2024
GDP growth
3.55%
2023-2024
0.56%
2023-2024
GDP per capita
$3,426
2024
$23,292
2024
GDP per capita rank
136/197
2024
55/197
2024
GDP per capita, PPP
$7,486
2024
$48,552
2024
GDP per capita PPP rank
146/197
2024
48/197
2024
Government debt
$17.5B
2024
$164B
2024
Debt-to-GDP ratio
47.1%
2024
73.5%
2024
Government debt per person
$1,613
2024
$17,109
2024
Government debt per person rank
126/185
2024
37/185
2024
Average annual personal income after taxes
$4,901
2026
$16,996
2026
Market capitalization of domestic companies n/a
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10%
32.3%
2024
24.4%
2022
Income share by poorest 10%
1.2%
2024
2.8%
2022
Government expenditure, % of GDP
25.7%
2024
46.9%
2024
Consumer prices inflation
4.61%
2023-2024
3.7%
2023-2024
Central bank interest rate
5.75%
2024
6.5%
2024
Unemployment rate
4.91%
2024
4.47%
2024
Population
11237619
9475525

Spending and national debt comparison by year

Honduras
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Honduras Hungary
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 46.9% 73.5%
2023 27.2% 47.9% 49.2% 73%
2022 24% 51% 48.7% 73.9%
2021 28.8% 50.3% 48.1% 76.2%
2020 28.4% 52.5% 51% 78.7%
2019 25.9% 44.1% 45.8% 65%
2018 26.2% 43.5% 45.9% 68.8%
2017 26.9% 43.6% 46.6% 72%
2016 27.4% 40.3% 46.7% 74.6%
2015 26% 42.3% 50.4% 75.7%
2014 26.4% 43% 50% 76.5%
2013 28% 42.1% 50.1% 77.2%
2012 26.4% 32.4% 49.2% 78.4%
2011 25.9% 31.5% 49.1% 80.5%
2010 26.5% 28.9% 48.9% 80.2%
2009 28.4% 23.8% 50.7% 78.2%
2008 26.4% 22.3% 48.8% 71.8%
2007 24.4% 24% 49.9% 65.6%
2006 24.4% 39.2% 51.4% 64.5%
2005 23.6% 55.6% 49.4% 60.6%
2004 25.5% 60.9% 48.8% 58.9%
2003 26.4% 67.8% 49.2% 58.2%
2002 26.8% 64.2% 51% 55.6%
2001 25.1% 63.4% 47.2% 52.2%
2000 22.1% 65.8% 47.3% 55.6%
1999 23.3% 75.8% 48.9% 60.3%
1998 19.4% 67.4% 50.7% 60.4%
1997 19.4% 70.8% 49.5% 62.2%
1996 18.7% 64.6% 50.9% 71.2%
1995 17.2% 65.4% 55% 83.9%
1994 19.2% 86.4% - 86.2%
1993 23.7% 108% - 87.2%
1992 20.5% 116.5% - 76.5%
1991 18.8% 122.2% - 74.2%
1990 16.4% 200.3% - 63.7%
1989 10.2% 68.4% - 70.7%
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 (1960–1994, retrieved 2026-02-20).

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

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 73.5% in Hungary, ranking 115/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Hungary
1x
Year Deficit/surplus, % of GDP
Honduras Hungary
2024 -1.12% -4.92%
2023 -1.96% -6.75%
2022 1.57% -6.17%
2021 -3.17% -7.11%
2020 -4.58% -7.49%
2019 0.09% -2.02%
2018 0.2% -2.05%
2017 -0.41% -2.45%
2016 -0.4% -1.79%
2015 -0.78% -2%
2014 -2.81% -2.77%
2013 -5.48% -2.6%
2012 -3.48% -2.33%
2011 -2.94% -5.22%
2010 -3.37% -4.44%
2009 -4.86% -4.76%
2008 -0.27% -3.78%
2007 -0.25% -5.09%
2006 -1.36% -9.27%
2005 -0.03% -7.79%
2004 -2.48% -6.6%
2003 -5.09% -7.19%
2002 -5.02% -8.79%
2001 -3.12% -4%
2000 1.51% -3.04%
1999 1.38% -5.27%
1998 2.89% -7.41%
1997 0.08% -5.54%
1996 0.13% -4.36%
1995 -0.24% -8.57%
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% -0.17%
1942 0% 0.31%
1941 -0.26% 0.2%
1940 -0.43% -0.07%
1939 -0.52% 0.19%
1938 -0.74% -0.11%
1937 -1.37% -0.01%
1936 -0.76% 0.08%
1935 0% 0.03%
1934 0.06% 0.04%
1933 2.06% -0.03%
1932 -2.13% -0.22%
1931 -0.94% -0.32%
1930 -1.15% -0.26%
1929 -0.38% 0.02%
1928 0.72% 0.12%
1927 0.37% 0.15%

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/honduras/hungary | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Honduras recorded a fiscal deficit in 22 of those years, while Hungary ran a deficit in 30 years. On average, Honduras posted an annual deficit equal to 1.51% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Honduras

Hungary
1x
Year Consumer prices inflation
Honduras Hungary
2024 4.61% 3.7%
2023 6.66% 17.1%
2022 9.09% 14.6%
2021 4.48% 5.11%
2020 3.47% 3.33%
2019 4.37% 3.34%
2018 4.35% 2.85%
2017 3.93% 2.35%
2016 2.72% 0.39%
2015 3.16% -0.06%
2014 6.13% -0.23%
2013 5.16% 1.73%
2012 5.2% 5.65%
2011 6.76% 3.93%
2010 4.7% 4.86%
2009 5.5% 4.21%
2008 11.4% 6.04%
2007 6.94% 7.96%
2006 5.58% 3.93%
2005 8.81% 3.56%
2004 8.11% 6.74%
2003 7.67% 4.66%
2002 7.69% 5.27%
2001 9.67% 9.12%
2000 11% 9.8%
1999 11.7% 10%
1998 13.7% 14.2%
1997 20.2% 18.3%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 6.16% in Hungary. In 2024, inflation was 4.61% in Honduras and 3.7% in Hungary.

Top exports between countries

Honduras
Export category Export value
Machinery & equipment $822K
Raw agricultural goods $90K
Chemicals & pharma $88K
Processed food, beverages & tobacco $49K
Hungary
Export category Export value
Machinery & equipment $5.79M
Wood & paper products $2.07M
Chemicals & pharma $836K
Processed food, beverages & tobacco $138K
Raw materials & minerals $46K
Textiles & consumer goods $46K
Metals $3K
Miscellaneous $1K

Balance of trade

Honduras Hungary
Current account balance
-$1.65B
2024
$3.52B
2024
Current account balance ranking
137/190
2024
36/190
2024
Current account balance, % of GDP
-4.45%
2024
+1.58%
2024
Goods imports
$14.6B
2024
$130B
2024
Goods exports
$5.67B
2024
$129B
2024
Service imports
$3.67B
2024
$27.9B
2024
Service exports
$3.75B
2024
$38.9B
2024
Imports of goods and services, % of GDP
57.6%
2024
71.1%
2024
Exports of goods and services, % of GDP
33.5%
2024
75.4%
2024

Economic freedom indices

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

Honduras Hungary
Economic freedom 59.1 62.5
Economic freedom ranking 105/197 86/197
Property rights 35.7 67.3
Government integrity 24.6 44
Judicial effectiveness 27.6 61.9
Tax burden 83.1 85.1
Government spending 80.3 30.2
Fiscal health 95.2 32.7
Business freedom 59.4 70.8
Labor freedom 37.9 56.5
Monetary freedom 70.1 72.1
Trade freedom 69.8 79.4
Investment freedom 65 80
Financial freedom 60 70

Economic freedom comparison by year

Honduras
Hungary
1x
Year Economic freedom index
Honduras Hungary
2026 59.1 62.5
2025 59.6 61.4
2024 58.6 61.2
2023 58.7 64.1
2022 59.5 66.9
2021 59.8 67.2
2020 61.1 66.4
2019 60.2 65
2018 60.6 66.7
2017 58.8 65.8
2016 57.7 66
2015 57.4 66.8
2014 57.1 67
2013 58.4 67.3
2012 58.8 67.1
2011 58.6 66.6
2010 58.3 66.1
2009 58.7 66.8
2008 58.9 67.6
2007 59.1 64.8
2006 57.4 65
2005 55.3 63.5
2004 55.3 62.7
2003 60.4 63
2002 58.7 64.5
2001 57 65.6
2000 57.6 64.4
1999 56.7 59.6
1998 56.2 56.9
1997 56 55.3
1996 56.6 56.8
1995 57 55.2

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Hungary
Services, % of GDP
58.4%
2024
59.5%
2024
Industry, % of GDP
26.1%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.71%
2024
GNI, Atlas method
$32.7B
2024
$199B
2024
GNI per capita, PPP
$6,900
2024
$47,290
2024
Total reserves including gold
$8.04B
2024
$46.4B
2024
Total reserves ranking
84/177
2024
42/177
2024
Net foreign direct investment
-$620M
2024
-$15.8B
2024
Net inflows of foreign direct investment
$1.31B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$689M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
12.1%
2021
Gross capital formation, % of GDP
22.5%
2024
23.5%
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/honduras/hungary | 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 (1927–1994, 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 (2023–2024, retrieved 2026-02-08)
  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.