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Economy of Honduras vs Kuwait compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $160B for Kuwait, ranking 104/197 and 59/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Honduras vs Kuwait GDP by year

Honduras
Kuwait
1x
Year GDP, current $
Honduras Kuwait
2024 $37,093,565,854 $160,227,273,053
2023 $34,355,805,528 $165,384,407,116
2022 $31,426,041,807 $183,502,046,694
2021 $28,144,331,507 $148,350,671,489
2020 $23,352,232,484 $111,045,470,606
2019 $24,882,225,742 $140,856,394,861
2018 $24,067,750,760 $138,646,316,351
2017 $23,136,247,991 $120,687,539,806
2016 $21,717,604,952 $109,406,674,125
2015 $20,979,791,685 $114,585,555,689
2014 $19,756,533,972 $162,650,450,685
2013 $18,499,729,215 $174,168,116,535
2012 $18,528,554,398 $174,047,662,680
2011 $17,710,275,685 $154,039,231,246
2010 $15,839,344,592 $115,416,245,242
2009 $14,587,496,229 $105,968,691,905
2008 $13,881,731,876 $147,379,737,230
2007 $12,361,257,681 $114,634,043,362
2006 $10,917,477,066 $101,557,330,723
2005 $9,757,012,697 $80,798,630,137
2004 $8,869,299,234 $59,439,090,601
2003 $8,230,391,347 $47,874,582,232
2002 $7,858,255,413 $38,135,788,414
2001 $7,651,162,302 $34,889,559,870
2000 $7,186,638,029 $37,718,743,480
1999 $6,394,090,592 $30,122,365,849
1998 $6,163,707,533 $25,943,705,784
1997 $5,569,178,707 $30,350,190,704
1996 $4,798,834,459 $31,492,373,309
1995 $4,672,346,194 $27,186,980,647
1994 $4,105,686,899 $24,848,483,838
1993 $4,190,773,622 $23,941,391,391
1992 $4,122,846,905 $19,858,555,215
1991 $3,699,381,195 $11,009,993,703
1990 $3,734,460,117 $18,427,777,778
1989 $4,375,896,552 $24,313,855,653
1988 $4,892,660,944 $20,690,322,153
1987 $5,024,800,000 $22,368,704,134
1986 $4,706,100,000 $17,903,989,745
1985 $4,328,300,000 $21,445,970,614
1984 $4,029,900,000 $21,700,082,753
1983 $3,840,550,000 $20,871,081,080
1982 $3,619,500,000 $21,577,153,356
1981 $3,501,800,000 $25,058,020,338
1980 $3,184,400,000 $28,638,868,356
1979 $2,778,900,000 $24,749,063,922
1978 $2,393,650,000 $15,503,557,496
1977 $1,900,700,000 $14,137,406,741
1976 $1,589,300,000 $13,132,252,802
1975 $1,330,050,000 $12,022,811,621
1974 $1,243,000,000 $13,006,948,296
1973 $1,128,299,436 $5,408,804,607
1972 $1,030,645,362 $4,450,537,925
1971 $958,450,000 $3,880,392,195
1970 $904,400,000 $2,873,638,851
1969 $844,400,000 $2,769,198,892
1968 $815,450,000 $2,662,798,935
1967 $750,950,000 $2,441,599,023
1966 $692,150,000 $2,391,199,044
1965 $651,050,000 $2,097,199,161
1964 $591,100,000 $2,071,668,533
1963 $553,500,000 $1,900,895,857
1962 $532,450,000 $1,828,107,503
1961 $503,300,000 -
1960 $475,650,000 -

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

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

GDP per capita in Honduras vs Kuwait by year

Honduras
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $32,718 $52,444
2023 $3,227 $7,178 $34,076 $53,025
2022 $3,003 $6,805 $39,982 $55,043
2021 $2,735 $6,203 $34,019 $50,652
2020 $2,308 $5,385 $25,236 $41,462
2019 $2,502 $5,785 $31,708 $50,703
2018 $2,465 $5,633 $32,068 $51,371
2017 $2,413 $5,621 $29,048 $46,566
2016 $2,307 $5,186 $27,324 $41,862
2015 $2,271 $4,846 $29,882 $45,267
2014 $2,180 $4,460 $44,369 $68,337
2013 $2,081 $4,137 $49,651 $76,813
2012 $2,126 $4,016 $52,155 $82,090
2011 $2,074 $3,901 $49,170 $79,037
2010 $1,893 $3,758 $39,212 $75,184
2009 $1,781 $3,656 $37,907 $80,110
2008 $1,732 $3,806 $55,585 $90,337
2007 $1,578 $3,664 $45,709 $91,435
2006 $1,426 $3,438 $42,947 $89,075
2005 $1,305 $3,204 $36,123 $84,968
2004 $1,215 $3,001 $27,552 $77,227
2003 $1,156 $2,821 $22,691 $69,752
2002 $1,132 $2,715 $18,513 $59,713
2001 $1,132 $2,645 $17,374 $58,553
2000 $1,093 $2,587 $19,296 $58,703
1999 $999 $2,372 $15,854 $56,406
1998 $989 $2,152 $14,067 $58,344
1997 $917 $1,959 $16,977 $57,420
1996 $813 $1,617 $18,201 $56,913
1995 $814 $1,329 $16,168 $57,163
1994 $736 $1,074 $14,930 $53,946
1993 $773 $838 $14,318 $48,482
1992 $782 $741 $12,146 $36,149
1991 $722 $684 $8,147 $23,390
1990 $750 $540 $10,938 $30,763
1989 $904 - $10,965 -
1988 $1,039 - $9,692 -
1987 $1,098 - $10,896 -
1986 $1,058 - $9,077 -
1985 $1,001 - $11,322 -
1984 $960 - $11,919 -
1983 $942 - $11,965 -
1982 $914 - $12,979 -
1981 $912 - $15,825 -
1980 $854 - $19,032 -
1979 $769 - $17,386 -
1978 $683 - $11,567 -
1977 $559 - $11,238 -
1976 $482 - $11,141 -
1975 $417 - $10,882 -
1974 $401 - $12,527 -
1973 $375 - $5,532 -
1972 $353 - $4,836 -
1971 $338 - $4,486 -
1970 $329 - $3,552 -
1969 $316 - $3,695 -
1968 $314 - $3,872 -
1967 $298.2 - $3,887 -
1966 $282.9 - $4,176 -
1965 $273.9 - $4,024 -
1964 $255.9 - $4,379 -
1963 $246.6 - $4,445 -
1962 $244 - $4,748 -
1961 $237.3 - - -
1960 $230.7 - - -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Kuwait ranks 40th at $52,444.

Economic indicators

Honduras Kuwait
Gross domestic product
$37.1B
2024
$160B
2024
GDP rank
104/197
2024
59/197
2024
GDP growth
3.55%
2023-2024
-2.56%
2023-2024
GDP per capita
$3,426
2024
$32,718
2024
GDP per capita rank
136/197
2024
37/197
2024
GDP per capita, PPP
$7,486
2024
$52,444
2024
GDP per capita PPP rank
146/197
2024
40/197
2024
Government debt
$17.5B
2024
$4.68B
2024
Debt-to-GDP ratio
47.1%
2024
2.92%
2024
Government debt per person
$1,613
2024
$956
2024
Government debt per person rank
126/185
2024
143/185
2024
Average annual personal income after taxes
$4,901
2026
$23,828
2026
Market capitalization of domestic companies n/a
$141B
2024
Income share by richest 10%
32.3%
2024
n/a
Income share by poorest 10%
1.2%
2024
n/a
Government expenditure, % of GDP
25.7%
2024
50.4%
2024
Consumer prices inflation
4.61%
2023-2024
2.9%
2023-2024
Central bank interest rate
5.75%
2024
3.5%
2025
Unemployment rate
4.91%
2024
2.16%
2016
Population
11237619
5100145

Spending and national debt comparison by year

Honduras
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Honduras Kuwait
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 50.4% 2.92%
2023 27.2% 47.9% 48.3% 3.13%
2022 24% 51% 39.6% 2.95%
2021 28.8% 50.3% 48.3% 7.2%
2020 28.4% 52.5% 62.9% 10.2%
2019 25.9% 44.1% 50.3% 10.5%
2018 26.2% 43.5% 51.1% 14.3%
2017 26.9% 43.6% 51.9% 19.6%
2016 27.4% 40.3% 54.1% 9.88%
2015 26% 42.3% 55.4% 4.6%
2014 26.4% 43% 45% 3.43%
2013 28% 42.1% 38.4% 3.09%
2012 26.4% 32.4% 38.2% 3.6%
2011 25.9% 31.5% 39.7% 4.64%
2010 26.5% 28.9% 45.5% 6.16%
2009 28.4% 23.8% 42.9% 6.65%
2008 26.4% 22.3% 40.9% 5.38%
2007 24.4% 24% 30.4% 7.05%
2006 24.4% 39.2% 32.3% 7.79%
2005 23.6% 55.6% 28.8% 10.2%
2004 25.5% 60.9% 35.3% 13.9%
2003 26.4% 67.8% 38.2% 17.2%
2002 26.8% 64.2% 42.8% 21.3%
2001 25.1% 63.4% 41.4% 23%
2000 22.1% 65.8% 29.9% 21.4%
1999 23.3% 75.8% 44.5% 25.5%
1998 19.4% 67.4% 51.7% 25.6%
1997 19.4% 70.8% 43.8% 24.3%
1996 18.7% 64.6% 42.8% 26.5%
1995 17.2% 65.4% 52% 34.9%
1994 19.2% 86.4% 57.8% 37.7%
1993 23.7% 108% 58.2% 28.8%
1992 20.5% 116.5% 77.6% 27.9%
1991 18.8% 122.2% 208.9% 45.3%
1990 16.4% 200.3% 122.9% -
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/kuwait | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 2.92% in Kuwait, ranking 115/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Kuwait
1x
Year Deficit/surplus, % of GDP
Honduras Kuwait
2024 -1.12% 23.8%
2023 -1.96% 28.2%
2022 1.57% 30%
2021 -3.17% 9.98%
2020 -4.58% 0.14%
2019 0.09% 13%
2018 0.2% 17.5%
2017 -0.41% 15.3%
2016 -0.4% 13.1%
2015 -0.78% 16.6%
2014 -2.81% 30%
2013 -5.48% 40.6%
2012 -3.48% 40.7%
2011 -2.94% 38.8%
2010 -3.37% 31.9%
2009 -4.86% 31.3%
2008 -0.27% 21.3%
2007 -0.25% 37.1%
2006 -1.36% 28%
2005 -0.03% 38.9%
2004 -2.48% 32.5%
2003 -5.09% 27.2%
2002 -5.02% 31%
2001 -3.12% 45.2%
2000 1.51% 52.5%
1999 1.38% 28.2%
1998 2.89% 19.5%
1997 0.08% 29.5%
1996 0.13% 24.3%
1995 -0.24% 11.7%
1994 -0.98% 1.76%
1993 -5.03% -3.12%
1992 -1.41% -28.1%
1991 -1.95% -145%
1990 -1.82% -50%
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/kuwait | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Honduras recorded a fiscal deficit in 27 of those years, while Kuwait ran a deficit in 4 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Honduras

Kuwait
1x
Year Consumer prices inflation
Honduras Kuwait
2024 4.61% 2.9%
2023 6.66% 3.64%
2022 9.09% 3.98%
2021 4.48% 3.42%
2020 3.47% 2.1%
2019 4.37% 1.09%
2018 4.35% 0.54%
2017 3.93% 2.17%
2016 2.72% 3.2%
2015 3.16% 3.27%
2014 6.13% 2.91%
2013 5.16% 2.68%
2012 5.2% 3.26%
2011 6.76% 4.84%
2010 4.7% 4.5%
2009 5.5% 4.61%
2008 11.4% 10.6%
2007 6.94% 5.48%
2006 5.58% 3.06%
2005 8.81% 4.14%
2004 8.11% 1.25%
2003 7.67% 0.96%
2002 7.69% 0.89%
2001 9.67% 1.3%
2000 11% 1.81%
1999 11.7% 2.99%
1998 13.7% 0.13%
1997 20.2% 0.68%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 2.94% in Kuwait. In 2024, inflation was 4.61% in Honduras and 2.9% in Kuwait.

Top exports between countries

Honduras
Export category Export value
Processed food, beverages & tobacco $9K
Kuwait
Export category Export value
Miscellaneous $3K

Balance of trade

Honduras Kuwait
Current account balance
-$1.65B
2024
$46.7B
2024
Current account balance ranking
137/190
2024
15/190
2024
Current account balance, % of GDP
-4.45%
2024
+29.1%
2024
Goods imports
$14.6B
2024
$33.4B
2024
Goods exports
$5.67B
2024
$77.5B
2024
Service imports
$3.67B
2024
$28.1B
2024
Service exports
$3.75B
2024
$12.2B
2024
Imports of goods and services, % of GDP
57.6%
2024
38.3%
2023
Exports of goods and services, % of GDP
33.5%
2024
57.7%
2023

Economic freedom indices

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

Honduras Kuwait
Economic freedom 59.1 59.9
Economic freedom ranking 105/197 100/197
Property rights 35.7 42
Government integrity 24.6 47.9
Judicial effectiveness 27.6 43.4
Tax burden 83.1 97.7
Government spending 80.3 36.2
Fiscal health 95.2 99.9
Business freedom 59.4 57.4
Labor freedom 37.9 49.2
Monetary freedom 70.1 68.7
Trade freedom 69.8 75.8
Investment freedom 65 50
Financial freedom 60 50

Economic freedom comparison by year

Honduras
Kuwait
1x
Year Economic freedom index
Honduras Kuwait
2026 59.1 59.9
2025 59.6 59.9
2024 58.6 58.5
2023 58.7 56.7
2022 59.5 58.3
2021 59.8 64.1
2020 61.1 63.2
2019 60.2 60.8
2018 60.6 62.2
2017 58.8 65.1
2016 57.7 62.7
2015 57.4 62.5
2014 57.1 62.3
2013 58.4 63.1
2012 58.8 62.5
2011 58.6 64.9
2010 58.3 67.7
2009 58.7 65.6
2008 58.9 68.1
2007 59.1 66.4
2006 57.4 66.5
2005 55.3 64.6
2004 55.3 63.6
2003 60.4 66.7
2002 58.7 65.4
2001 57 68.2
2000 57.6 69.7
1999 56.7 69.5
1998 56.2 66.3
1997 56 64.8
1996 56.6 66.1
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Kuwait
Services, % of GDP
58.4%
2024
55.9%
2024
Industry, % of GDP
26.1%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
0.49%
2024
GNI, Atlas method
$32.7B
2024
$200B
2024
GNI per capita, PPP
$6,900
2024
$63,270
2024
Total reserves including gold
$8.04B
2024
$50.7B
2024
Total reserves ranking
84/177
2024
41/177
2024
Net foreign direct investment
-$620M
2024
$9.71B
2024
Net inflows of foreign direct investment
$1.31B
2024
$615M
2024
Net outflows of foreign direct investment
$689M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
n/a
Gross capital formation, % of GDP
22.5%
2024
17.7%
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/kuwait | 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. 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.