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Economy of Honduras vs Lesotho compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $2.27B for Lesotho, ranking 104/197 and 175/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Honduras vs Lesotho GDP by year

Honduras
Lesotho
1x
Year GDP, current $
Honduras Lesotho
2024 $37,093,565,854 $2,271,759,455
2023 $34,355,805,528 $2,117,962,445
2022 $31,426,041,807 $2,354,980,960
2021 $28,144,331,507 $2,412,130,057
2020 $23,352,232,484 $2,053,699,864
2019 $24,882,225,742 $2,390,702,296
2018 $24,067,750,760 $2,556,247,292
2017 $23,136,247,991 $2,306,741,672
2016 $21,717,604,952 $2,114,426,452
2015 $20,979,791,685 $2,359,686,725
2014 $19,756,533,972 $2,441,063,054
2013 $18,499,729,215 $2,367,112,932
2012 $18,528,554,398 $2,477,702,216
2011 $17,710,275,685 $2,579,409,620
2010 $15,839,344,592 $2,234,754,242
2009 $14,587,496,229 $1,740,894,965
2008 $13,881,731,876 $1,766,902,709
2007 $12,361,257,681 $1,682,131,785
2006 $10,917,477,066 $1,800,092,564
2005 $9,757,012,697 $1,682,343,527
2004 $8,869,299,234 $1,511,236,656
2003 $8,230,391,347 $1,157,825,435
2002 $7,858,255,413 $775,777,239
2001 $7,651,162,302 $825,706,961
2000 $7,186,638,029 $887,291,688
1999 $6,394,090,592 $912,773,681
1998 $6,163,707,533 $928,460,893
1997 $5,569,178,707 $998,004,259
1996 $4,798,834,459 $946,112,493
1995 $4,672,346,194 $1,001,894,000
1994 $4,105,686,899 $878,250,945
1993 $4,190,773,622 $835,582,062
1992 $4,122,846,905 $831,029,862
1991 $3,699,381,195 $704,325,367
1990 $3,734,460,117 $596,410,264
1989 $4,375,896,552 $495,409,233
1988 $4,892,660,944 $470,395,801
1987 $5,024,800,000 $402,768,324
1986 $4,706,100,000 $318,858,423
1985 $4,328,300,000 $268,629,926
1984 $4,029,900,000 $333,163,670
1983 $3,840,550,000 $386,699,309
1982 $3,619,500,000 $348,741,684
1981 $3,501,800,000 $434,188,034
1980 $3,184,400,000 $431,542,537
1979 $2,778,900,000 $290,134,593
1978 $2,393,650,000 $266,570,067
1977 $1,900,700,000 $193,315,048
1976 $1,589,300,000 $147,660,037
1975 $1,330,050,000 $149,558,896
1974 $1,243,000,000 $150,851,317
1973 $1,128,299,436 $121,188,716
1972 $1,030,645,362 $80,913,200
1971 $958,450,000 $76,480,285
1970 $904,400,000 $68,739,973
1969 $844,400,000 $65,967,974
1968 $815,450,000 $61,445,975
1967 $750,950,000 $59,261,976
1966 $692,150,000 $56,699,977
1965 $651,050,000 $54,879,978
1964 $591,100,000 $51,939,979
1963 $553,500,000 $47,039,981
1962 $532,450,000 $41,859,983
1961 $503,300,000 $35,699,986
1960 $475,650,000 $34,579,986

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

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

GDP per capita in Honduras vs Lesotho by year

Honduras
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $972 $3,001
2023 $3,227 $7,178 $916 $2,881
2022 $3,003 $6,805 $1,030 $2,761
2021 $2,735 $6,203 $1,067 $2,545
2020 $2,308 $5,385 $919 $2,559
2019 $2,502 $5,785 $1,082 $2,568
2018 $2,465 $5,633 $1,171 $2,632
2017 $2,413 $5,621 $1,069 $2,619
2016 $2,307 $5,186 $992 $2,942
2015 $2,271 $4,846 $1,121 $3,035
2014 $2,180 $4,460 $1,174 $2,771
2013 $2,081 $4,137 $1,151 $2,538
2012 $2,126 $4,016 $1,218 $2,291
2011 $2,074 $3,901 $1,281 $2,279
2010 $1,893 $3,758 $1,119 $2,153
2009 $1,781 $3,656 $879 $2,036
2008 $1,732 $3,806 $898 $2,064
2007 $1,578 $3,664 $861 $1,932
2006 $1,426 $3,438 $925 $1,813
2005 $1,305 $3,204 $861 $1,681
2004 $1,215 $3,001 $767 $1,561
2003 $1,156 $2,821 $583 $1,484
2002 $1,132 $2,715 $389 $1,385
2001 $1,132 $2,645 $413 $1,350
2000 $1,093 $2,587 $443 $1,273
1999 $999 $2,372 $456 $1,199
1998 $989 $2,152 $465 $1,179
1997 $917 $1,959 $502 $1,154
1996 $813 $1,617 $480 $1,103
1995 $814 $1,329 $513 $1,037
1994 $736 $1,074 $456 $995
1993 $773 $838 $439 $932
1992 $782 $741 $444 $893
1991 $722 $684 $382 $830
1990 $750 $540 $330 $764
1989 $904 - $279 -
1988 $1,039 - $270.4 -
1987 $1,098 - $236.5 -
1986 $1,058 - $191.4 -
1985 $1,001 - $165.4 -
1984 $960 - $211 -
1983 $942 - $252 -
1982 $914 - $233.9 -
1981 $912 - $299.8 -
1980 $854 - $307 -
1979 $769 - $212.4 -
1978 $683 - $200.8 -
1977 $559 - $149.9 -
1976 $482 - $117.8 -
1975 $417 - $123.2 -
1974 $401 - $128.7 -
1973 $375 - $107 -
1972 $353 - $74 -
1971 $338 - $72.4 -
1970 $329 - $67.4 -
1969 $316 - $67.1 -
1968 $314 - $64.8 -
1967 $298.2 - $64.8 -
1966 $282.9 - $64.3 -
1965 $273.9 - $64.3 -
1964 $255.9 - $62.6 -
1963 $246.6 - $58.4 -
1962 $244 - $53.5 -
1961 $237.3 - $47 -
1960 $230.7 - $47 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Lesotho ranks 180th at $3,001.

Economic indicators

Honduras Lesotho
Gross domestic product
$37.1B
2024
$2.27B
2024
GDP rank
104/197
2024
175/197
2024
GDP growth
3.55%
2023-2024
2.85%
2023-2024
GDP per capita
$3,426
2024
$972
2024
GDP per capita rank
136/197
2024
181/197
2024
GDP per capita, PPP
$7,486
2024
$3,001
2024
GDP per capita PPP rank
146/197
2024
180/197
2024
Government debt
$17.5B
2024
$1.29B
2024
Debt-to-GDP ratio
47.1%
2024
56.8%
2024
Government debt per person
$1,613
2024
$552
2024
Government debt per person rank
126/185
2024
164/185
2024
Average annual personal income after taxes
$4,901
2026
$6,545
2026
Income share by richest 10%
32.3%
2024
32.9%
2017
Income share by poorest 10%
1.2%
2024
1.7%
2017
Government expenditure, % of GDP
25.7%
2024
53.5%
2024
Consumer prices inflation
4.61%
2023-2024
6.11%
2023-2024
Central bank interest rate
5.75%
2024
6.5%
2025
Unemployment rate
4.91%
2024
18.7%
2024
Population
11237619
2396633

Spending and national debt comparison by year

Honduras
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Honduras Lesotho
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 53.5% 56.8%
2023 27.2% 47.9% 49.4% 61.5%
2022 24% 51% 50.8% 64.4%
2021 28.8% 50.3% 53.8% 58%
2020 28.4% 52.5% 54.4% 54.7%
2019 25.9% 44.1% 53.6% 58.2%
2018 26.2% 43.5% 51.9% 48.2%
2017 26.9% 43.6% 50.4% 41%
2016 27.4% 40.3% 54.1% 41.5%
2015 26% 42.3% 51.7% 45.8%
2014 26.4% 43% 50.1% 41.5%
2013 28% 42.1% 58.4% 41.2%
2012 26.4% 32.4% 58.1% 39.8%
2011 25.9% 31.5% 60.2% 36.2%
2010 26.5% 28.9% 55.3% 33.8%
2009 28.4% 23.8% 66.4% 35.9%
2008 26.4% 22.3% 54.1% 47%
2007 24.4% 24% 48.1% 49.6%
2006 24.4% 39.2% 43.2% 43.7%
2005 23.6% 55.6% 37.6% 41%
2004 25.5% 60.9% 36.3% 49.4%
2003 26.4% 67.8% 39.8% 52.6%
2002 26.8% 64.2% 41.2% 79.6%
2001 25.1% 63.4% 41.4% 108.7%
2000 22.1% 65.8% 39.3% 88.5%
1999 23.3% 75.8% 50.8% 83%
1998 19.4% 67.4% 51.4% 79.4%
1997 19.4% 70.8% 44.6% 65.7%
1996 18.7% 64.6% 41.5% 71.6%
1995 17.2% 65.4% 42.1% 62.8%
1994 19.2% 86.4% 40.2% 67%
1993 23.7% 108% 36% 71.2%
1992 20.5% 116.5% 35.3% 64.4%
1991 18.8% 122.2% 31.3% 11.9%
1990 16.4% 200.3% 32.9% 18%
1989 10.2% 68.4% 35.8% 112.5%
1988 16% 71.7% 35.3% 105.2%
1987 17.2% 73.6% 40.3% 97.4%
1986 19.8% 69.9% 33.2% 92.5%
1985 22.5% 65.7% 32.8% 86.3%
1984 22.4% 60.5% 26.8% 57.2%
1983 20.8% 57.6% 27.2% 56.7%
1982 18.7% 54.3% 29.9% 61.4%
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/lesotho | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 56.8% in Lesotho, ranking 115/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Lesotho
1x
Year Deficit/surplus, % of GDP
Honduras Lesotho
2024 -1.12% 9.04%
2023 -1.96% 7.31%
2022 1.57% -6.41%
2021 -3.17% -4.95%
2020 -4.58% 1.18%
2019 0.09% -5.72%
2018 0.2% -4.41%
2017 -0.41% -2.02%
2016 -0.4% -9.43%
2015 -0.78% -1.38%
2014 -2.81% 3.16%
2013 -5.48% -2.58%
2012 -3.48% 4.56%
2011 -2.94% -9.85%
2010 -3.37% -1.49%
2009 -4.86% -4.16%
2008 -0.27% 8.1%
2007 -0.25% 10.8%
2006 -1.36% 11.6%
2005 -0.03% 4.46%
2004 -2.48% 6.05%
2003 -5.09% 0.89%
2002 -5.02% -2.44%
2001 -3.12% -2.76%
2000 1.51% -0.95%
1999 1.38% -15.3%
1998 2.89% -11.8%
1997 0.08% 0.27%
1996 0.13% 2.11%
1995 -0.24% 5.13%
1994 -0.98% 5.69%
1993 -5.03% 7.55%
1992 -1.41% 4.65%
1991 -1.95% 9.74%
1990 -1.82% 8.78%
1989 2.08% 3.88%
1988 -2.65% -1.87%
1987 -3.23% -2.85%
1986 -5.92% 0.87%
1985 -8.58% 1.68%
1984 -9.33% 4.82%
1983 -9.1% 1.85%
1982 -6.17% -2.03%
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/lesotho | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 43 years, Honduras recorded a fiscal deficit in 34 of those years, while Lesotho ran a deficit in 19 years. On average, Honduras posted an annual deficit equal to 2.31% of GDP, compared to surplus of 0.74% of GDP for Lesotho.

Inflation comparison by year

Inflation
Honduras

Lesotho
1x
Year Consumer prices inflation
Honduras Lesotho
2024 4.61% 6.11%
2023 6.66% 6.34%
2022 9.09% 8.27%
2021 4.48% 6.05%
2020 3.47% 4.98%
2019 4.37% 5.19%
2018 4.35% 4.75%
2017 3.93% 4.45%
2016 2.72% 6.6%
2015 3.16% 3.22%
2014 6.13% 5.37%
2013 5.16% 4.87%
2012 5.2% 6.05%
2011 6.76% 5.04%
2010 4.7% -2.41%
2009 5.5% -16.9%
2008 11.4% 10.7%
2007 6.94% 8.01%
2006 5.58% 6.07%
2005 8.81% 3.44%
2004 8.11% 5.02%
2003 7.67% 6.63%
2002 7.69% 33.8%
2001 9.67% -9.62%
2000 11% 6.13%
1999 11.7% -
1998 13.7% -
1997 20.2% -

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

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

Over the past 25 years, Honduras has recorded an average annual inflation rate of 6.29%, compared with 5.13% in Lesotho. In 2024, inflation was 4.61% in Honduras and 6.11% in Lesotho.

Balance of trade

Honduras Lesotho
Current account balance
-$1.65B
2024
$89.2M
2024
Current account balance ranking
137/190
2024
68/190
2024
Current account balance, % of GDP
-4.45%
2024
+3.93%
2024
Goods imports
$14.6B
2024
$1.67B
2024
Goods exports
$5.67B
2024
$965M
2024
Service imports
$3.67B
2024
$415M
2024
Service exports
$3.75B
2024
$15.4M
2024
Imports of goods and services, % of GDP
57.6%
2024
98.6%
2023
Exports of goods and services, % of GDP
33.5%
2024
42.9%
2023

Economic freedom indices

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

Honduras Lesotho
Economic freedom 59.1 54.9
Economic freedom ranking 105/197 130/197
Property rights 35.7 41.7
Government integrity 24.6 39.6
Judicial effectiveness 27.6 43.6
Tax burden 83.1 76.4
Government spending 80.3 21.3
Fiscal health 95.2 93.5
Business freedom 59.4 50.6
Labor freedom 37.9 57
Monetary freedom 70.1 74.8
Trade freedom 69.8 65.4
Investment freedom 65 55
Financial freedom 60 40

Economic freedom comparison by year

Honduras
Lesotho
1x
Year Economic freedom index
Honduras Lesotho
2026 59.1 54.9
2025 59.6 54.1
2024 58.6 51.9
2023 58.7 51.6
2022 59.5 48.1
2021 59.8 53.5
2020 61.1 54.5
2019 60.2 53.1
2018 60.6 53.9
2017 58.8 53.9
2016 57.7 50.6
2015 57.4 49.6
2014 57.1 49.5
2013 58.4 47.9
2012 58.8 46.6
2011 58.6 47.5
2010 58.3 48.1
2009 58.7 49.7
2008 58.9 52.1
2007 59.1 53.2
2006 57.4 54.7
2005 55.3 53.9
2004 55.3 50.3
2003 60.4 52
2002 58.7 48.9
2001 57 50.6
2000 57.6 48.4
1999 56.7 48.2
1998 56.2 48.4
1997 56 47.2
1996 56.6 47
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Lesotho
Services, % of GDP
58.4%
2024
48%
2024
Industry, % of GDP
26.1%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
6.5%
2024
GNI, Atlas method
$32.7B
2024
$2.75B
2024
GNI per capita, PPP
$6,900
2024
$3,580
2024
Total reserves including gold
$8.04B
2024
$1.01B
2024
Total reserves ranking
84/177
2024
142/177
2024
Net foreign direct investment
-$620M
2024
$12.6M
2024
Net inflows of foreign direct investment
$1.31B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
4.06%
2024
Poverty at national poverty lines
62.9%
2024
49.7%
2017
Gross capital formation, % of GDP
22.5%
2024
27.2%
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/lesotho | 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.