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Economy of Honduras vs Kiribati compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $308M for Kiribati, ranking 104/197 and 192/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Honduras vs Kiribati GDP by year

Honduras
Kiribati
1x
Year GDP, current $
Honduras Kiribati
2024 $37,093,565,854 $307,862,564
2023 $34,355,805,528 $288,610,748
2022 $31,426,041,807 $270,040,453
2021 $28,144,331,507 $285,259,881
2020 $23,352,232,484 $220,898,020
2019 $24,882,225,742 $216,985,388
2018 $24,067,750,760 $233,514,717
2017 $23,136,247,991 $222,875,736
2016 $21,717,604,952 $206,467,819
2015 $20,979,791,685 $191,559,399
2014 $19,756,533,972 $200,287,282
2013 $18,499,729,215 $201,730,861
2012 $18,528,554,398 $207,001,546
2011 $17,710,275,685 $195,970,140
2010 $15,839,344,592 $165,458,433
2009 $14,587,496,229 $140,177,384
2008 $13,881,731,876 $147,017,895
2007 $12,361,257,681 $138,054,946
2006 $10,917,477,066 $112,338,353
2005 $9,757,012,697 $113,895,437
2004 $8,869,299,234 $104,085,892
2003 $8,230,391,347 $96,105,619
2002 $7,858,255,413 $74,743,869
2001 $7,651,162,302 $64,935,850
2000 $7,186,638,029 $74,910,527
1999 $6,394,090,592 $77,323,978
1998 $6,163,707,533 $74,905,706
1997 $5,569,178,707 $80,205,807
1996 $4,798,834,459 $81,456,854
1995 $4,672,346,194 $68,596,395
1994 $4,105,686,899 $67,055,334
1993 $4,190,773,622 $58,953,596
1992 $4,122,846,905 $61,491,369
1991 $3,699,381,195 $41,247,792
1990 $3,734,460,117 $36,534,295
1989 $4,375,896,552 $37,645,319
1988 $4,892,660,944 $38,278,810
1987 $5,024,800,000 $29,554,413
1986 $4,706,100,000 $25,993,009
1985 $4,328,300,000 $26,126,615
1984 $4,029,900,000 $34,394,167
1983 $3,840,550,000 $31,000,546
1982 $3,619,500,000 $32,742,713
1981 $3,501,800,000 $35,267,489
1980 $3,184,400,000 $33,157,723
1979 $2,778,900,000 $34,466,197
1978 $2,393,650,000 $36,563,965
1977 $1,900,700,000 $31,335,459
1976 $1,589,300,000 $33,246,817
1975 $1,330,050,000 $44,547,454
1974 $1,243,000,000 $69,256,489
1973 $1,128,299,436 $25,645,040
1972 $1,030,645,362 $15,314,346
1971 $958,450,000 $12,356,134
1970 $904,400,000 $11,560,877
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Honduras vs Kiribati by year

Honduras
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $2,289 $3,702
2023 $3,227 $7,178 $2,178 $3,486
2022 $3,003 $6,805 $2,070 $3,329
2021 $2,735 $6,203 $2,222 $3,020
2020 $2,308 $5,385 $1,752 $2,711
2019 $2,502 $5,785 $1,751 $2,763
2018 $2,465 $5,633 $1,913 $2,672
2017 $2,413 $5,621 $1,853 $2,562
2016 $2,307 $5,186 $1,743 $2,463
2015 $2,271 $4,846 $1,640 $2,311
2014 $2,180 $4,460 $1,737 $2,084
2013 $2,081 $4,137 $1,772 $2,049
2012 $2,126 $4,016 $1,844 $1,896
2011 $2,074 $3,901 $1,771 $1,786
2010 $1,893 $3,758 $1,522 $1,724
2009 $1,781 $3,656 $1,317 $1,718
2008 $1,732 $3,806 $1,411 $1,735
2007 $1,578 $3,664 $1,353 $1,792
2006 $1,426 $3,438 $1,123 $1,728
2005 $1,305 $3,204 $1,162 $1,617
2004 $1,215 $3,001 $1,083 $1,579
2003 $1,156 $2,821 $1,021 $1,578
2002 $1,132 $2,715 $810 $1,605
2001 $1,132 $2,645 $719 $1,591
2000 $1,093 $2,587 $845 $1,638
1999 $999 $2,372 $887 $1,526
1998 $989 $2,152 $874 $1,593
1997 $917 $1,959 $953 $1,535
1996 $813 $1,617 $986 $1,519
1995 $814 $1,329 $844 $1,518
1994 $736 $1,074 $838 $1,469
1993 $773 $838 $748 $1,431
1992 $782 $741 $792 $1,421
1991 $722 $684 $540 $1,139
1990 $750 $540 $488 $1,192
1989 $904 - $515 -
1988 $1,039 - $536 -
1987 $1,098 - $424 -
1986 $1,058 - $382 -
1985 $1,001 - $393 -
1984 $960 - $527 -
1983 $942 - $483 -
1982 $914 - $519 -
1981 $912 - $568 -
1980 $854 - $542 -
1979 $769 - $573 -
1978 $683 - $611 -
1977 $559 - $520 -
1976 $482 - $548 -
1975 $417 - $730 -
1974 $401 - $1,131 -
1973 $375 - $422 -
1972 $353 - $256.2 -
1971 $338 - $210.7 -
1970 $329 - $201 -
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 (1960–2024, retrieved 2026-04-06).

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Kiribati ranks 169th at $3,702.

Economic indicators

Honduras Kiribati
Gross domestic product
$37.1B
2024
$308M
2024
GDP rank
104/197
2024
192/197
2024
GDP growth
3.55%
2023-2024
5.27%
2023-2024
GDP per capita
$3,426
2024
$2,289
2024
GDP per capita rank
136/197
2024
152/197
2024
GDP per capita, PPP
$7,486
2024
$3,702
2024
GDP per capita PPP rank
146/197
2024
169/197
2024
Government debt
$17.5B
2024
$30.5M
2024
Debt-to-GDP ratio
47.1%
2024
9.92%
2024
Government debt per person
$1,613
2024
$226.9
2024
Government debt per person rank
126/185
2024
181/185
2024
Average annual personal income after taxes
$4,901
2026
$1,967
2026
Income share by richest 10%
32.3%
2024
22.8%
2019
Income share by poorest 10%
1.2%
2024
4%
2019
Government expenditure, % of GDP
25.7%
2024
98.1%
2024
Consumer prices inflation
4.61%
2023-2024
2.5%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
2.79%
2023
Population
11237619
139020

Spending and national debt comparison by year

Honduras
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Honduras Kiribati
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 98.1% 9.92%
2023 27.2% 47.9% 95.3% 11.4%
2022 24% 51% 87.5% 16.3%
2021 28.8% 50.3% 84% 17.3%
2020 28.4% 52.5% 102.2% 21%
2019 25.9% 44.1% 108.3% 19%
2018 26.2% 43.5% 108.8% 19%
2017 26.9% 43.6% 92.1% 20.2%
2016 27.4% 40.3% 99% 21.2%
2015 26% 42.3% 90.9% 18.8%
2014 26.4% 43% 101.2% 8.97%
2013 28% 42.1% 78% 8.86%
2012 26.4% 32.4% 83.9% 8.13%
2011 25.9% 31.5% 80.9% 8.8%
2010 26.5% 28.9% 75.7% 9.43%
2009 28.4% 23.8% 74.7% 10.3%
2008 26.4% 22.3% 79.4% 13.9%
2007 24.4% 24% 77.3% 11.1%
2006 24.4% 39.2% 82.1% 12.9%
2005 23.6% 55.6% 95.6% 12.1%
2004 25.5% 60.9% 103.8% 13.6%
2003 26.4% 67.8% 84.4% 12.3%
2002 26.8% 64.2% 96.9% 13.3%
2001 25.1% 63.4% 101.3% 17%
2000 22.1% 65.8% 66% 12.7%
1999 23.3% 75.8% 77.6% 11.8%
1998 19.4% 67.4% 74.7% 9.81%
1997 19.4% 70.8% 70.9% 10.7%
1996 18.7% 64.6% 68.4% 11%
1995 17.2% 65.4% 69.6% 12.3%
1994 19.2% 86.4% 54.6% 12.3%
1993 23.7% 108% 55.3% 10.9%
1992 20.5% 116.5% 65.9% 7.31%
1991 18.8% 122.2% 82.1% 8.43%
1990 16.4% 200.3% 105.5% 7.72%
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/honduras/kiribati | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 9.92% in Kiribati, ranking 115/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Kiribati
1x
Year Deficit/surplus, % of GDP
Honduras Kiribati
2024 -1.12% -22%
2023 -1.96% 0.13%
2022 1.57% -18.3%
2021 -3.17% -10.8%
2020 -4.58% 3.57%
2019 0.09% 10.8%
2018 0.2% 5.18%
2017 -0.41% 34.1%
2016 -0.4% 20.1%
2015 -0.78% 42.5%
2014 -2.81% 35%
2013 -5.48% 11.8%
2012 -3.48% -5.43%
2011 -2.94% -17.6%
2010 -3.37% -7.8%
2009 -4.86% -8.56%
2008 -0.27% -15.8%
2007 -0.25% -12.5%
2006 -1.36% -12.3%
2005 -0.03% -9.96%
2004 -2.48% -19.2%
2003 -5.09% -8.93%
2002 -5.02% 3.13%
2001 -3.12% -10.9%
2000 1.51% -0.03%
1999 1.38% -1.81%
1998 2.89% 14.6%
1997 0.08% 5.92%
1996 0.13% -20.2%
1995 -0.24% -5.14%
1994 -0.98% 0.74%
1993 -5.03% 6.27%
1992 -1.41% 0.79%
1991 -1.95% 3.87%
1990 -1.82% -4.62%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

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

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Honduras recorded a fiscal deficit in 27 of those years, while Kiribati ran a deficit in 19 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Honduras

Kiribati
1x
Year Consumer prices inflation
Honduras Kiribati
2024 4.61% 2.5%
2023 6.66% 9.3%
2022 9.09% 5.3%
2021 4.48% 2.1%
2020 3.47% 2.6%
2019 4.37% -1.8%
2018 4.35% 0.6%
2017 3.93% 0.4%
2016 2.72% 1.9%
2015 3.16% 0.6%
2014 6.13% 2.1%
2013 5.16% -1.5%
2012 5.2% -3%
2011 6.76% 1.5%
2010 4.7% -3.9%
2009 5.5% 9.8%
2008 11.4% 13.7%
2007 6.94% 3.6%
2006 5.58% -1%
2005 8.81% -0.4%
2004 8.11% -0.7%
2003 7.67% 1.6%
2002 7.69% 3.2%
2001 9.67% 6%
2000 11% 0.4%
1999 11.7% 1.8%
1998 13.7% 3.7%
1997 20.2% 2.6%

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/honduras/kiribati | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 2.25% in Kiribati. In 2024, inflation was 4.61% in Honduras and 2.5% in Kiribati.

Balance of trade

Honduras Kiribati
Current account balance
-$1.65B
2024
-$59.5M
2024
Current account balance ranking
137/190
2024
85/190
2024
Current account balance, % of GDP
-4.45%
2024
-19.3%
2024
Goods imports
$14.6B
2024
$227M
2024
Goods exports
$5.67B
2024
$8.49M
2024
Service imports
$3.67B
2024
$108M
2024
Service exports
$3.75B
2024
$7M
2024
Imports of goods and services, % of GDP
57.6%
2024
94.9%
2024
Exports of goods and services, % of GDP
33.5%
2024
6.27%
2024

Economic freedom indices

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

Honduras Kiribati
Economic freedom 59.1 50.8
Economic freedom ranking 105/197 158/197
Property rights 35.7 69.6
Government integrity 24.6 50.5
Judicial effectiveness 27.6 54.6
Tax burden 83.1 72.6
Government spending 80.3 0
Fiscal health 95.2 19.8
Business freedom 59.4 60.2
Labor freedom 37.9 65.3
Monetary freedom 70.1 76.7
Trade freedom 69.8 80
Investment freedom 65 30
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Kiribati
1x
Year Economic freedom index
Honduras Kiribati
2026 59.1 50.8
2025 59.6 50.9
2024 58.6 51.3
2023 58.7 58.8
2022 59.5 59.2
2021 59.8 44.4
2020 61.1 45.2
2019 60.2 47.3
2018 60.6 50.8
2017 58.8 50.9
2016 57.7 46.2
2015 57.4 46.4
2014 57.1 46.3
2013 58.4 45.9
2012 58.8 46.9
2011 58.6 44.8
2010 58.3 43.7
2009 58.7 45.7
2008 58.9 -
2007 59.1 -
2006 57.4 -
2005 55.3 -
2004 55.3 -
2003 60.4 -
2002 58.7 -
2001 57 -
2000 57.6 -
1999 56.7 -
1998 56.2 -
1997 56 -
1996 56.6 -
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Kiribati
Services, % of GDP
58.4%
2024
67.1%
2023
Industry, % of GDP
26.1%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
27.2%
2023
GNI, Atlas method
$32.7B
2024
$493M
2024
GNI per capita, PPP
$6,900
2024
$6,060
2024
Total reserves including gold
$8.04B
2024
n/a
Total reserves ranking
84/177
2024
n/a
Net foreign direct investment
-$620M
2024
-$8.06M
2024
Net inflows of foreign direct investment
$1.31B
2024
$8.07M
2024
Net outflows of foreign direct investment
$689M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
5.5%
2023
Gross capital formation, % of GDP
22.5%
2024
25.8%
2023

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/kiribati | 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 (1927–1989, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.