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Economy of Honduras vs Kenya compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $120B for Kenya, ranking 104/197 and 64/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Honduras vs Kenya GDP by year

Honduras
Kenya
1x
Year GDP, current $
Honduras Kenya
2024 $37,093,565,854 $120,339,557,906
2023 $34,355,805,528 $107,500,884,685
2022 $31,426,041,807 $114,448,978,153
2021 $28,144,331,507 $109,703,658,905
2020 $23,352,232,484 $100,657,505,751
2019 $24,882,225,742 $100,378,436,207
2018 $24,067,750,760 $92,202,979,985
2017 $23,136,247,991 $82,036,510,877
2016 $21,717,604,952 $74,815,144,164
2015 $20,979,791,685 $70,120,446,897
2014 $19,756,533,972 $68,285,796,514
2013 $18,499,729,215 $61,671,440,408
2012 $18,528,554,398 $56,396,704,672
2011 $17,710,275,685 $46,869,473,151
2010 $15,839,344,592 $45,405,615,064
2009 $14,587,496,229 $42,347,217,913
2008 $13,881,731,876 $35,895,153,328
2007 $12,361,257,681 $31,958,195,182
2006 $10,917,477,066 $25,825,512,284
2005 $9,757,012,697 $18,737,895,513
2004 $8,869,299,234 $16,095,337,094
2003 $8,230,391,347 $14,904,517,650
2002 $7,858,255,413 $13,147,736,899
2001 $7,651,162,302 $12,986,007,426
2000 $7,186,638,029 $12,705,350,098
1999 $6,394,090,592 $12,896,010,459
1998 $6,163,707,533 $14,093,998,844
1997 $5,569,178,707 $13,115,764,358
1996 $4,798,834,459 $12,045,865,396
1995 $4,672,346,194 $9,046,320,255
1994 $4,105,686,899 $7,148,148,564
1993 $4,190,773,622 $5,751,786,643
1992 $4,122,846,905 $8,209,120,763
1991 $3,699,381,195 $8,151,488,783
1990 $3,734,460,117 $8,572,359,038
1989 $4,375,896,552 $8,283,114,514
1988 $4,892,660,944 $8,355,380,879
1987 $5,024,800,000 $7,970,820,369
1986 $4,706,100,000 $7,239,126,568
1985 $4,328,300,000 $6,135,034,214
1984 $4,029,900,000 $6,191,437,070
1983 $3,840,550,000 $5,979,198,314
1982 $3,619,500,000 $6,431,579,357
1981 $3,501,800,000 $6,854,491,706
1980 $3,184,400,000 $7,265,315,820
1979 $2,778,900,000 $6,234,391,113
1978 $2,393,650,000 $5,303,735,111
1977 $1,900,700,000 $4,494,378,764
1976 $1,589,300,000 $3,474,542,392
1975 $1,330,050,000 $3,259,345,083
1974 $1,243,000,000 $2,969,958,812
1973 $1,128,299,436 $2,509,001,324
1972 $1,030,645,362 $2,107,279,157
1971 $958,450,000 $1,778,391,289
1970 $904,400,000 $1,603,447,359
1969 $844,400,000 $1,458,379,417
1968 $815,450,000 $1,353,295,459
1967 $750,950,000 $1,232,559,507
1966 $692,150,000 $1,164,519,674
1965 $651,050,000 $997,919,321
1964 $591,100,000 $998,759,334
1963 $553,500,000 $926,589,349
1962 $532,450,000 $868,111,401
1961 $503,300,000 $792,959,473
1960 $475,650,000 $791,265,459

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

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

GDP per capita in Honduras vs Kenya by year

Honduras
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $2,132 $6,644
2023 $3,227 $7,178 $1,943 $6,317
2022 $3,003 $6,805 $2,110 $5,883
2021 $2,735 $6,203 $2,061 $5,339
2020 $2,308 $5,385 $1,928 $4,793
2019 $2,502 $5,785 $1,960 $4,687
2018 $2,465 $5,633 $1,836 $4,412
2017 $2,413 $5,621 $1,667 $4,177
2016 $2,307 $5,186 $1,554 $3,917
2015 $2,271 $4,846 $1,489 $3,678
2014 $2,180 $4,460 $1,483 $3,359
2013 $2,081 $4,137 $1,371 $3,106
2012 $2,126 $4,016 $1,285 $2,847
2011 $2,074 $3,901 $1,096 $2,750
2010 $1,893 $3,758 $1,092 $2,635
2009 $1,781 $3,656 $1,048 $2,480
2008 $1,732 $3,806 $916 $2,459
2007 $1,578 $3,664 $840 $2,481
2006 $1,426 $3,438 $700 $2,330
2005 $1,305 $3,204 $523 $2,189
2004 $1,215 $3,001 $464 $2,066
2003 $1,156 $2,821 $443 $1,975
2002 $1,132 $2,715 $403 $1,940
2001 $1,132 $2,645 $411 $1,961
2000 $1,093 $2,587 $415 $1,907
1999 $999 $2,372 $434 $1,910
1998 $989 $2,152 $488 $1,895
1997 $917 $1,959 $467 $1,865
1996 $813 $1,617 $441 $1,875
1995 $814 $1,329 $340 $1,818
1994 $736 $1,074 $276.4 $1,754
1993 $773 $838 $229 $1,723
1992 $782 $741 $337 $1,728
1991 $722 $684 $345 $1,756
1990 $750 $540 $374 $1,729
1989 $904 - $374 -
1988 $1,039 - $391 -
1987 $1,098 - $387 -
1986 $1,058 - $364 -
1985 $1,001 - $320 -
1984 $960 - $334 -
1983 $942 - $335 -
1982 $914 - $374 -
1981 $912 - $413 -
1980 $854 - $454 -
1979 $769 - $403 -
1978 $683 - $355 -
1977 $559 - $311 -
1976 $482 - $248.9 -
1975 $417 - $241.2 -
1974 $401 - $227.2 -
1973 $375 - $198.6 -
1972 $353 - $172.6 -
1971 $338 - $150.9 -
1970 $329 - $141 -
1969 $316 - $133.3 -
1968 $314 - $128.7 -
1967 $298.2 - $121.9 -
1966 $282.9 - $119.8 -
1965 $273.9 - $106.9 -
1964 $255.9 - $111.3 -
1963 $246.6 - $107.4 -
1962 $244 - $104.6 -
1961 $237.3 - $99.3 -
1960 $230.7 - $102.8 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Kenya ranks 149th at $6,644.

Economic indicators

Honduras Kenya
Gross domestic product
$37.1B
2024
$120B
2024
GDP rank
104/197
2024
64/197
2024
GDP growth
3.55%
2023-2024
4.72%
2023-2024
GDP per capita
$3,426
2024
$2,132
2024
GDP per capita rank
136/197
2024
154/197
2024
GDP per capita, PPP
$7,486
2024
$6,644
2024
GDP per capita PPP rank
146/197
2024
149/197
2024
Government debt
$17.5B
2024
$81B
2024
Debt-to-GDP ratio
47.1%
2024
67.3%
2024
Government debt per person
$1,613
2024
$1,436
2024
Government debt per person rank
126/185
2024
133/185
2024
Average annual personal income after taxes
$4,901
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10%
32.3%
2024
30.1%
2022
Income share by poorest 10%
1.2%
2024
2.9%
2022
Government expenditure, % of GDP
25.7%
2024
23.3%
2024
Consumer prices inflation
4.61%
2023-2024
4.49%
2023-2024
Central bank interest rate
5.75%
2024
9.25%
2025
Unemployment rate
4.91%
2024
5.44%
2022
Population
11237619
58955623

Spending and national debt comparison by year

Honduras
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Honduras Kenya
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 23.3% 67.3%
2023 27.2% 47.9% 22.7% 73.4%
2022 24% 51% 23.2% 67.8%
2021 28.8% 50.3% 24% 68.2%
2020 28.4% 52.5% 24.8% 68%
2019 25.9% 44.1% 24.4% 59.1%
2018 26.2% 43.5% 24.5% 56.4%
2017 26.9% 43.6% 25.2% 53.9%
2016 27.4% 40.3% 25.4% 50.4%
2015 26% 42.3% 23.8% 45.8%
2014 26.4% 43% 23.4% 41.3%
2013 28% 42.1% 23.2% 39.8%
2012 26.4% 32.4% 22.1% 37.6%
2011 25.9% 31.5% 20.1% 35.7%
2010 26.5% 28.9% 21.5% 36.7%
2009 28.4% 23.8% 20.3% 36%
2008 26.4% 22.3% 18.9% 34.3%
2007 24.4% 24% 18.1% 34.2%
2006 24.4% 39.2% 17.3% 37.1%
2005 23.6% 55.6% 16.2% 37.4%
2004 25.5% 60.9% 15.4% 40.8%
2003 26.4% 67.8% 16% 43.8%
2002 26.8% 64.2% 15.7% 42%
2001 25.1% 63.4% 14.9% 41.3%
2000 22.1% 65.8% 14.1% 43.1%
1999 23.3% 75.8% 13.7% 38.4%
1998 19.4% 67.4% 15.3% 38.5%
1997 19.4% 70.8% 15.6% 36%
1996 18.7% 64.6% 15.2% 40.5%
1995 17.2% 65.4% 17.3% 52.1%
1994 19.2% 86.4% 18.8% 57%
1993 23.7% 108% 18.9% 61.6%
1992 20.5% 116.5% 17.6% 41.2%
1991 18.8% 122.2% 16.4% 43%
1990 16.4% 200.3% 17.2% 37.6%
1989 10.2% 68.4% 16.3% 33.4%
1988 16% 71.7% 15.9% 33.9%
1987 17.2% 73.6% 15.5% 36.3%
1986 19.8% 69.9% 15.3% 31.3%
1985 22.5% 65.7% 15.6% 28.8%
1984 22.4% 60.5% 14.9% 25.6%
1983 20.8% 57.6% 14.6% 26.1%
1982 18.7% 54.3% 16.2% 26.9%
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 (1960–1997, retrieved 2026-02-20).

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

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 67.3% in Kenya, ranking 115/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Kenya
1x
Year Deficit/surplus, % of GDP
Honduras Kenya
2024 -1.12% -5.77%
2023 -1.96% -5.71%
2022 1.57% -6.06%
2021 -3.17% -7.2%
2020 -4.58% -8.13%
2019 0.09% -7.42%
2018 0.2% -6.94%
2017 -0.41% -7.4%
2016 -0.4% -7.47%
2015 -0.78% -6.68%
2014 -2.81% -5.75%
2013 -5.48% -5.25%
2012 -3.48% -5.29%
2011 -2.94% -3.64%
2010 -3.37% -3.67%
2009 -4.86% -3.12%
2008 -0.27% -1.95%
2007 -0.25% -0.95%
2006 -1.36% -0.43%
2005 -0.03% -0.19%
2004 -2.48% 0.5%
2003 -5.09% -0.73%
2002 -5.02% -1.29%
2001 -3.12% -0.53%
2000 1.51% 0.38%
1999 1.38% 0.84%
1998 2.89% -0.03%
1997 0.08% -0.91%
1996 0.13% -0.49%
1995 -0.24% -0.23%
1994 -0.98% -4.14%
1993 -5.03% -8.57%
1992 -1.41% -8.28%
1991 -1.95% -6.56%
1990 -1.82% -3.28%
1989 2.08% -2.39%
1988 -2.65% -1.97%
1987 -3.23% -2.27%
1986 -5.92% -2.98%
1985 -8.58% -3.05%
1984 -9.33% -2.55%
1983 -9.1% -2.17%
1982 -6.17% -3.07%
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/honduras/kenya | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 43 years, Honduras recorded a fiscal deficit in 34 of those years, while Kenya ran a deficit in 40 years. On average, Honduras posted an annual deficit equal to 2.31% of GDP, compared to deficit of 3.55% of GDP for Kenya.

Inflation comparison by year

Inflation
Honduras

Kenya
1x
Year Consumer prices inflation
Honduras Kenya
2024 4.61% 4.49%
2023 6.66% 7.67%
2022 9.09% 7.66%
2021 4.48% 6.11%
2020 3.47% 5.41%
2019 4.37% 5.24%
2018 4.35% 4.69%
2017 3.93% 8.01%
2016 2.72% 6.3%
2015 3.16% 6.58%
2014 6.13% 6.88%
2013 5.16% 5.72%
2012 5.2% 9.38%
2011 6.76% 14%
2010 4.7% 3.96%
2009 5.5% 9.23%
2008 11.4% 26.2%
2007 6.94% 9.76%
2006 5.58% 14.5%
2005 8.81% 10.3%
2004 8.11% 11.6%
2003 7.67% 9.82%
2002 7.69% 1.96%
2001 9.67% 5.74%
2000 11% 9.98%
1999 11.7% 5.74%
1998 13.7% 6.72%
1997 20.2% 11.4%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 8.39% in Kenya. In 2024, inflation was 4.61% in Honduras and 4.49% in Kenya.

Top exports between countries

Honduras
Export category Export value
Machinery & equipment $3K
Raw materials & minerals $1K
Wood & paper products $1K
Kenya
Export category Export value
Textiles & consumer goods $62K
Metals $10K

Balance of trade

Honduras Kenya
Current account balance
-$1.65B
2024
-$1.55B
2024
Current account balance ranking
137/190
2024
134/190
2024
Current account balance, % of GDP
-4.45%
2024
-1.29%
2024
Goods imports
$14.6B
2024
$22.2B
2024
Goods exports
$5.67B
2024
$12.5B
2024
Service imports
$3.67B
2024
$5.64B
2024
Service exports
$3.75B
2024
$8.04B
2024
Imports of goods and services, % of GDP
57.6%
2024
23.1%
2024
Exports of goods and services, % of GDP
33.5%
2024
17.1%
2024

Economic freedom indices

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

Honduras Kenya
Economic freedom 59.1 55.5
Economic freedom ranking 105/197 128/197
Property rights 35.7 40.2
Government integrity 24.6 32.7
Judicial effectiveness 27.6 47
Tax burden 83.1 76.3
Government spending 80.3 84.1
Fiscal health 95.2 36.2
Business freedom 59.4 61.5
Labor freedom 37.9 56.5
Monetary freedom 70.1 75.1
Trade freedom 69.8 52
Investment freedom 65 55
Financial freedom 60 50

Economic freedom comparison by year

Honduras
Kenya
1x
Year Economic freedom index
Honduras Kenya
2026 59.1 55.5
2025 59.6 54.8
2024 58.6 53.6
2023 58.7 52.5
2022 59.5 52.6
2021 59.8 54.9
2020 61.1 55.3
2019 60.2 55.1
2018 60.6 54.7
2017 58.8 53.5
2016 57.7 57.5
2015 57.4 55.6
2014 57.1 57.1
2013 58.4 55.9
2012 58.8 57.5
2011 58.6 57.4
2010 58.3 57.5
2009 58.7 58.7
2008 58.9 59.3
2007 59.1 59.6
2006 57.4 59.7
2005 55.3 57.9
2004 55.3 57.7
2003 60.4 58.6
2002 58.7 58.2
2001 57 57.6
2000 57.6 59.7
1999 56.7 58.2
1998 56.2 58.4
1997 56 60.1
1996 56.6 56.4
1995 57 54.5

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Kenya
Services, % of GDP
58.4%
2024
55.3%
2024
Industry, % of GDP
26.1%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
22.5%
2024
GNI, Atlas method
$32.7B
2024
$118B
2024
GNI per capita, PPP
$6,900
2024
$6,540
2024
Total reserves including gold
$8.04B
2024
$10.1B
2024
Total reserves ranking
84/177
2024
75/177
2024
Net foreign direct investment
-$620M
2024
-$45.8M
2024
Net inflows of foreign direct investment
$1.31B
2024
$463M
2024
Net outflows of foreign direct investment
$689M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
4.79%
2024
Poverty at national poverty lines
62.9%
2024
39.8%
2022
Gross capital formation, % of GDP
22.5%
2024
16.8%
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/kenya | 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 (1927–1997, 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 (2020–2022, 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.