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Economy of Honduras vs Iran compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $475B for Iran, ranking 104/197 and 34/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $162B (34% of GDP) in Iran.

Honduras vs Iran GDP by year

Honduras
Iran
1x
Year GDP, current $
Honduras Iran
2024 $37,093,565,854 $475,252,089,215
2023 $34,355,805,528 $457,510,482,317
2022 $31,426,041,807 $422,662,261,526
2021 $28,144,331,507 $407,350,685,583
2020 $23,352,232,484 $280,934,329,280
2019 $24,882,225,742 $347,988,400,958
2018 $24,067,750,760 $411,903,303,606
2017 $23,136,247,991 $510,239,893,418
2016 $21,717,604,952 $478,618,064,871
2015 $20,979,791,685 $409,191,686,497
2014 $19,756,533,972 $462,284,793,281
2013 $18,499,729,215 $500,399,839,840
2012 $18,528,554,398 $644,019,315,004
2011 $17,710,275,685 $629,082,257,472
2010 $15,839,344,592 $487,069,570,464
2009 $14,587,496,229 $414,059,094,949
2008 $13,881,731,876 $406,070,949,554
2007 $12,361,257,681 $349,736,591,832
2006 $10,917,477,066 $265,602,187,404
2005 $9,757,012,697 $224,970,371,325
2004 $8,869,299,234 $187,754,571,248
2003 $8,230,391,347 $151,911,222,119
2002 $7,858,255,413 $128,626,917,504
2001 $7,651,162,302 $126,878,750,296
2000 $7,186,638,029 $109,591,707,802
1999 $6,394,090,592 $113,848,450,088
1998 $6,163,707,533 $110,276,913,363
1997 $5,569,178,707 $113,919,163,421
1996 $4,798,834,459 $120,403,931,885
1995 $4,672,346,194 $96,419,225,744
1994 $4,105,686,899 $71,841,461,173
1993 $4,190,773,622 $63,743,623,232
1992 $4,122,846,905 $119,768,691,217
1991 $3,699,381,195 $131,637,664,958
1990 $3,734,460,117 $124,813,263,926
1989 $4,375,896,552 $120,496,362,916
1988 $4,892,660,944 $123,057,861,334
1987 $5,024,800,000 $134,009,995,923
1986 $4,706,100,000 $209,094,561,833
1985 $4,328,300,000 $180,183,629,600
1984 $4,029,900,000 $162,276,728,620
1983 $3,840,550,000 $156,365,156,618
1982 $3,619,500,000 $125,948,756,439
1981 $3,501,800,000 $100,499,312,750
1980 $3,184,400,000 $94,362,275,580
1979 $2,778,900,000 $90,391,877,326
1978 $2,393,650,000 $77,994,316,621
1977 $1,900,700,000 $80,600,122,702
1976 $1,589,300,000 $68,055,295,081
1975 $1,330,050,000 $51,776,222,350
1974 $1,243,000,000 $46,209,092,072
1973 $1,128,299,436 $27,081,698,250
1972 $1,030,645,362 $17,153,463,263
1971 $958,450,000 $13,731,802,833
1970 $904,400,000 $10,976,245,154
1969 $844,400,000 $9,743,089,607
1968 $815,450,000 $8,623,172,960
1967 $750,950,000 $7,555,383,690
1966 $692,150,000 $6,789,938,672
1965 $651,050,000 $6,197,319,929
1964 $591,100,000 $5,379,845,648
1963 $553,500,000 $4,928,628,018
1962 $532,450,000 $4,693,566,416
1961 $503,300,000 $4,426,949,095
1960 $475,650,000 $4,199,134,390

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

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

GDP per capita in Honduras vs Iran by year

Honduras
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $5,190 $19,874
2023 $3,227 $7,178 $5,049 $18,917
2022 $3,003 $6,805 $4,721 $17,546
2021 $2,735 $6,203 $4,605 $15,884
2020 $2,308 $5,385 $3,203 $15,119
2019 $2,502 $5,785 $3,997 $13,928
2018 $2,465 $5,633 $4,783 $15,324
2017 $2,413 $5,621 $6,001 $15,719
2016 $2,307 $5,186 $5,711 $15,195
2015 $2,271 $4,846 $4,953 $14,274
2014 $2,180 $4,460 $5,672 $16,065
2013 $2,081 $4,137 $6,223 $16,215
2012 $2,126 $4,016 $8,114 $17,021
2011 $2,074 $3,901 $8,026 $19,275
2010 $1,893 $3,758 $6,291 $18,628
2009 $1,781 $3,656 $5,416 $17,615
2008 $1,732 $3,806 $5,377 $17,549
2007 $1,578 $3,664 $4,688 $17,384
2006 $1,426 $3,438 $3,619 $15,907
2005 $1,305 $3,204 $3,132 $15,016
2004 $1,215 $3,001 $2,672 $14,425
2003 $1,156 $2,821 $2,209 $13,755
2002 $1,132 $2,715 $1,891 $12,554
2001 $1,132 $2,645 $1,881 $11,533
2000 $1,093 $2,587 $1,650 $11,187
1999 $999 $2,372 $1,740 $10,489
1998 $989 $2,152 $1,709 $10,285
1997 $917 $1,959 $1,790 $10,101
1996 $813 $1,617 $1,915 $9,916
1995 $814 $1,329 $1,550 $9,255
1994 $736 $1,074 $1,168 $8,951
1993 $773 $838 $1,038 $8,933
1992 $782 $741 $1,957 $8,888
1991 $722 $684 $2,194 $8,580
1990 $750 $540 $2,138 $7,566
1989 $904 - $2,125 -
1988 $1,039 - $2,234 -
1987 $1,098 - $2,513 -
1986 $1,058 - $4,064 -
1985 $1,001 - $3,634 -
1984 $960 - $3,395 -
1983 $942 - $3,397 -
1982 $914 - $2,845 -
1981 $912 - $2,393 -
1980 $854 - $2,368 -
1979 $769 - $2,352 -
1978 $683 - $2,101 -
1977 $559 - $2,243 -
1976 $482 - $1,954 -
1975 $417 - $1,532 -
1974 $401 - $1,409 -
1973 $375 - $851 -
1972 $353 - $555 -
1971 $338 - $457 -
1970 $329 - $377 -
1969 $316 - $345 -
1968 $314 - $314 -
1967 $298.2 - $283.7 -
1966 $282.9 - $262.9 -
1965 $273.9 - $247.5 -
1964 $255.9 - $221.7 -
1963 $246.6 - $209.6 -
1962 $244 - $205.8 -
1961 $237.3 - $200.1 -
1960 $230.7 - $195.6 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Iran ranks 97th at $19,874.

Economic indicators

Honduras Iran
Gross domestic product
$37.1B
2024
$475B
2024
GDP rank
104/197
2024
34/197
2024
GDP growth
3.55%
2023-2024
3.66%
2023-2024
GDP per capita
$3,426
2024
$5,190
2024
GDP per capita rank
136/197
2024
119/197
2024
GDP per capita, PPP
$7,486
2024
$19,874
2024
GDP per capita PPP rank
146/197
2024
97/197
2024
Government debt
$17.5B
2024
$162B
2024
Debt-to-GDP ratio
47.1%
2024
34%
2024
Government debt per person
$1,613
2024
$1,764
2024
Government debt per person rank
126/185
2024
122/185
2024
Average annual personal income after taxes
$4,901
2026
$2,964
2026
Market capitalization of domestic companies n/a
$172B
2024
Income share by richest 10%
32.3%
2024
28.2%
2023
Income share by poorest 10%
1.2%
2024
2.8%
2023
Government expenditure, % of GDP
25.7%
2024
14.2%
2024
Consumer prices inflation
4.61%
2023-2024
32.5%
2023-2024
Central bank interest rate
5.75%
2024
23%
2023
Unemployment rate
4.91%
2024
7.63%
2024
Population
11237619
93468444

Spending and national debt comparison by year

Honduras
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Honduras Iran
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 14.2% 34%
2023 27.2% 47.9% 12.8% 29.6%
2022 24% 51% 12.8% 34.5%
2021 28.8% 50.3% 13.4% 39.9%
2020 28.4% 52.5% 12.1% 47.1%
2019 25.9% 44.1% 13.6% 44.6%
2018 26.2% 43.5% 14.8% 41.6%
2017 26.9% 43.6% 16.4% 43.2%
2016 27.4% 40.3% 16.3% 45.9%
2015 26% 42.3% 14.1% 32.1%
2014 26.4% 43% 12.3% 10.9%
2013 28% 42.1% 11.5% 10.2%
2012 26.4% 32.4% 11.4% 11.7%
2011 25.9% 31.5% 14.6% 10.6%
2010 26.5% 28.9% 14.1% 12.8%
2009 28.4% 23.8% 15.7% 11.5%
2008 26.4% 22.3% 16.8% 10.6%
2007 24.4% 24% 14.2% 13.5%
2006 24.4% 39.2% 18.7% 15.2%
2005 23.6% 55.6% 17.9% 18.3%
2004 25.5% 60.9% 15.1% 21.1%
2003 26.4% 67.8% 15.7% 21.9%
2002 26.8% 64.2% 15.6% 23.4%
2001 25.1% 63.4% 13.6% 21%
2000 22.1% 65.8% 13.3% 18.2%
1999 23.3% 75.8% 15.7% 22.2%
1998 19.4% 67.4% 16.9% 29.6%
1997 19.4% 70.8% 17.4% 30.9%
1996 18.7% 64.6% 17.3% 29.3%
1995 17.2% 65.4% 21% 31.2%
1994 19.2% 86.4% 23% 41.7%
1993 23.7% 108% 27.2% 25.6%
1992 20.5% 116.5% 14.4% 25.2%
1991 18.8% 122.2% 14% 29.3%
1990 16.4% 200.3% 16.4% 37%
1989 10.2% 68.4% 20% 48.8%
1988 16% 71.7% 23.6% 53.2%
1987 17.2% 73.6% 18.6% 48.6%
1986 19.8% 69.9% 19% 47.4%
1985 22.5% 65.7% 21.6% 8.73%
1984 22.4% 60.5% 23.7% 10%
1983 20.8% 57.6% 27.5% 35.7%
1982 18.7% 54.3% 29.7% 47.7%
1981 15.3% 48.1% 33.7% 47.6%
1980 16.2% 41% 35.8% 35.5%
1979 14.4% 36.1% - -
1978 13.1% 32.8% - -
1977 14.6% 28.2% - 9.23%
1976 11.5% 26.5% - 6.92%
1975 11.9% 24% - 8.81%
1974 11.7% 18.5% - 6.68%
1973 11.1% 16.6% - 12.8%
1972 12.6% 16.8% - 12.7%
1971 15.2% 19.8% - 14.2%
1970 15.2% 17.2% - 14.1%
1969 13.6% 13% - -
1968 11.6% 9.75% 23.6% -
1967 11.4% 9.72% 22.3% -
1966 11.4% 9.47% 20.5% -
1965 10.6% 8.97% 16.3% 14.9%
1964 11.4% 9.78% 15.4% 15.2%
1963 10.1% 9.02% 14.8% 12.4%
1962 10.5% 8.54% 15.6% 13.4%
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 (1960–1995, retrieved 2026-02-20).

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

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Iran spent $67.5B, or 14.2% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 34% in Iran, ranking 115/185 and 147/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Iran
1x
Year Deficit/surplus, % of GDP
Honduras Iran
2024 -1.12% -3.83%
2023 -1.96% -2.54%
2022 1.57% -2.64%
2021 -3.17% -3.01%
2020 -4.58% -4.87%
2019 0.09% -4.3%
2018 0.2% -1.59%
2017 -0.41% -1.55%
2016 -0.4% -1.7%
2015 -0.78% -1.3%
2014 -2.81% -0.91%
2013 -5.48% -0.72%
2012 -3.48% -0.5%
2011 -2.94% -0.66%
2010 -3.37% -0.84%
2009 -4.86% -3.3%
2008 -0.27% -4.39%
2007 -0.25% -2.41%
2006 -1.36% -4.91%
2005 -0.03% -2.44%
2004 -2.48% -2.45%
2003 -5.09% -2.76%
2002 -5.02% -2.88%
2001 -3.12% 0.02%
2000 1.51% 5.42%
1999 1.38% -0.51%
1998 2.89% -5.03%
1997 0.08% -1.81%
1996 0.13% -0.75%
1995 -0.24% -2.63%
1994 -0.98% -3.36%
1993 -5.03% -5.15%
1992 -1.41% -0.86%
1991 -1.95% -1.64%
1990 -1.82% -1.73%
1989 2.08% -4.45%
1988 -2.65% -10.3%
1987 -3.23% -6.84%
1986 -5.92% -7.84%
1985 -8.58% -3.74%
1984 -9.33% -4.02%
1983 -9.1% -6.15%
1982 -6.17% -5.55%
1981 -2.5% -10.7%
1980 -2.52% -14.2%
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% -4.57%
1967 -0.73% -4%
1966 -0.45% -2.63%
1965 0.19% -1.23%
1964 -1.77% -0.04%
1963 -0.39% 0.26%
1962 -0.71% -1.39%
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/honduras/iran | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Iran's deficit of $18.2B, or 3.83% of GDP.

Over the past 63 years, Honduras recorded a fiscal deficit in 53 of those years, while Iran ran a deficit in 49 years. On average, Honduras posted an annual deficit equal to 2.04% of GDP, compared to deficit of 3.11% of GDP for Iran.

Inflation comparison by year

Inflation
Honduras

Iran
1x
Year Consumer prices inflation
Honduras Iran
2024 4.61% 32.5%
2023 6.66% 44.6%
2022 9.09% 43.5%
2021 4.48% 43.4%
2020 3.47% 30.6%
2019 4.37% 39.9%
2018 4.35% 18%
2017 3.93% 8.04%
2016 2.72% 7.25%
2015 3.16% 12.5%
2014 6.13% 16.6%
2013 5.16% 36.6%
2012 5.2% 27.3%
2011 6.76% 26.3%
2010 4.7% 10.1%
2009 5.5% 13.6%
2008 11.4% 25.4%
2007 6.94% 17.3%
2006 5.58% 10%
2005 8.81% 13.4%
2004 8.11% 14.8%
2003 7.67% 16.5%
2002 7.69% 14.3%
2001 9.67% 11.3%
2000 11% 14.5%
1999 11.7% 20.1%
1998 13.7% 17.9%
1997 20.2% 17.3%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 21.6% in Iran. In 2024, inflation was 4.61% in Honduras and 32.5% in Iran.

Top exports between countries

Honduras
Export category Export value
Iran
Export category Export value
Raw materials & minerals $1.13M
Processed food, beverages & tobacco $81K
Chemicals & pharma $34K

Balance of trade

Honduras Iran
Current account balance
-$1.65B
2024
$12.5B
2000
Current account balance ranking
137/190
2024
22/190
2000
Current account balance, % of GDP
-4.45%
2024
+11.4%
2000
Goods imports
$14.6B
2024
$15.2B
2000
Goods exports
$5.67B
2024
$28.3B
2000
Service imports
$3.67B
2024
$2.3B
2000
Service exports
$3.75B
2024
$1.38B
2000
Imports of goods and services, % of GDP
57.6%
2024
28.5%
2024
Exports of goods and services, % of GDP
33.5%
2024
23.6%
2024

Economic freedom indices

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

Honduras Iran
Economic freedom 59.1 41.8
Economic freedom ranking 105/197 185/197
Property rights 35.7 20.2
Government integrity 24.6 16.2
Judicial effectiveness 27.6 18.7
Tax burden 83.1 81.3
Government spending 80.3 94.7
Fiscal health 95.2 83.3
Business freedom 59.4 37.4
Labor freedom 37.9 41.8
Monetary freedom 70.1 42.2
Trade freedom 69.8 55.8
Investment freedom 65 5
Financial freedom 60 5

Economic freedom comparison by year

Honduras
Iran
1x
Year Economic freedom index
Honduras Iran
2026 59.1 41.8
2025 59.6 42.5
2024 58.6 41.2
2023 58.7 42.2
2022 59.5 42.4
2021 59.8 47.2
2020 61.1 49.2
2019 60.2 51.1
2018 60.6 50.9
2017 58.8 50.5
2016 57.7 43.5
2015 57.4 41.8
2014 57.1 40.3
2013 58.4 43.2
2012 58.8 42.3
2011 58.6 42.1
2010 58.3 43.4
2009 58.7 44.6
2008 58.9 45
2007 59.1 45
2006 57.4 45
2005 55.3 50.5
2004 55.3 42.8
2003 60.4 43.2
2002 58.7 36.4
2001 57 35.9
2000 57.6 36.1
1999 56.7 36.8
1998 56.2 36
1997 56 34.5
1996 56.6 36.1
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Iran
Services, % of GDP
58.4%
2024
49.8%
2024
Industry, % of GDP
26.1%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
10.8%
2024
GNI, Atlas method
$32.7B
2024
$469B
2024
GNI per capita, PPP
$6,900
2024
$19,820
2024
Total reserves including gold
$8.04B
2024
$7.69B
1982
Total reserves ranking
84/177
2024
85/177
1982
Net foreign direct investment
-$620M
2024
-$39M
2000
Net inflows of foreign direct investment
$1.31B
2024
$1.45B
2024
Net outflows of foreign direct investment
$689M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
0.08%
2024
Poverty at national poverty lines
62.9%
2024
18.7%
2020
Gross capital formation, % of GDP
22.5%
2024
44.3%
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/iran | 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 (1927–1995, 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 (2022–2023, 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.