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Economy of Honduras vs Malaysia compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $472B for Malaysia, ranking 104/197 and 35/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $334B (70.7% of GDP) in Malaysia.

Honduras vs Malaysia GDP by year

Honduras
Malaysia
1x
Year GDP, current $
Honduras Malaysia
2025 $39,601,409,103 $472,193,128,645
2024 $36,980,171,442 $422,227,005,429
2023 $34,355,805,528 $399,949,418,753
2022 $31,426,041,807 $407,830,525,990
2021 $28,144,331,507 $373,784,553,030
2020 $23,352,232,484 $337,456,163,961
2019 $24,882,225,742 $365,177,721,022
2018 $24,067,750,760 $358,788,845,713
2017 $23,136,247,991 $319,109,094,160
2016 $21,717,604,952 $301,256,033,870
2015 $20,979,791,685 $301,355,266,965
2014 $19,756,533,972 $338,066,095,097
2013 $18,499,729,215 $323,276,235,524
2012 $18,528,554,398 $314,443,047,642
2011 $17,710,275,685 $297,951,668,675
2010 $15,839,344,592 $255,017,638,456
2009 $14,587,496,229 $202,257,453,037
2008 $13,881,731,876 $230,811,614,370
2007 $12,361,257,681 $193,549,569,478
2006 $10,917,477,066 $162,692,258,307
2005 $9,757,012,697 $143,534,405,819
2004 $8,869,299,234 $124,749,473,684
2003 $8,230,391,347 $110,202,368,421
2002 $7,858,255,413 $100,845,526,316
2001 $7,651,162,302 $92,783,947,368
2000 $7,186,638,029 $93,789,736,842
1999 $6,394,090,592 $79,148,421,053
1998 $6,163,707,533 $72,167,498,981
1997 $5,569,178,707 $100,005,323,302
1996 $4,798,834,459 $100,855,393,910
1995 $4,672,346,194 $88,705,342,903
1994 $4,105,686,899 $74,478,356,958
1993 $4,190,773,622 $66,894,966,969
1992 $4,122,846,905 $59,167,550,163
1991 $3,699,381,195 $49,143,148,094
1990 $3,734,460,117 $44,024,585,240
1989 $4,375,896,552 $38,847,965,293
1988 $4,892,660,944 $35,272,109,220
1987 $5,024,800,000 $32,181,210,158
1986 $4,706,100,000 $27,734,111,400
1985 $4,328,300,000 $31,199,633,353
1984 $4,029,900,000 $33,942,897,422
1983 $3,840,550,000 $30,347,442,111
1982 $3,619,500,000 $26,804,493,635
1981 $3,501,800,000 $25,004,285,792
1980 $3,184,400,000 $24,488,224,677
1979 $2,778,900,000 $21,213,264,962
1978 $2,393,650,000 $16,358,079,862
1977 $1,900,700,000 $13,139,488,633
1976 $1,589,300,000 $11,050,234,599
1975 $1,330,050,000 $9,298,800,799
1974 $1,243,000,000 $9,496,204,302
1973 $1,128,299,436 $7,662,902,678
1972 $1,030,645,362 $5,043,347,250
1971 $958,450,000 $4,244,395,956
1970 $904,400,000 $3,864,145,667
1969 $844,400,000 $3,664,552,041
1968 $815,450,000 $3,330,371,551
1967 $750,950,000 $3,188,924,677
1966 $692,150,000 $3,143,517,944
1965 $651,050,000 $2,956,337,669
1964 $591,100,000 $2,674,423,922
1963 $553,500,000 $2,510,110,348
1962 $532,450,000 $2,001,489,602
1961 $503,300,000 $1,901,856,123
1960 $475,650,000 $1,916,229,477

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Honduras vs Malaysia by year

Honduras
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $13,125 -
2024 $3,416 $7,486 $11,874 $38,779
2023 $3,227 $7,178 $11,386 $36,467
2022 $3,003 $6,805 $11,755 $34,420
2021 $2,735 $6,203 $10,903 $29,823
2020 $2,308 $5,385 $9,958 $27,475
2019 $2,502 $5,785 $10,920 $28,934
2018 $2,465 $5,633 $10,902 $27,794
2017 $2,413 $5,621 $9,863 $26,416
2016 $2,307 $5,186 $9,477 $25,286
2015 $2,271 $4,846 $9,649 $24,526
2014 $2,180 $4,460 $11,013 $24,307
2013 $2,081 $4,137 $10,714 $23,161
2012 $2,126 $4,016 $10,601 $22,639
2011 $2,074 $3,901 $10,217 $21,324
2010 $1,893 $3,758 $8,899 $20,193
2009 $1,781 $3,656 $7,191 $18,923
2008 $1,732 $3,806 $8,372 $19,480
2007 $1,578 $3,664 $7,169 $18,617
2006 $1,426 $3,438 $6,158 $17,426
2005 $1,305 $3,204 $5,556 $16,371
2004 $1,215 $3,001 $4,939 $15,416
2003 $1,156 $2,821 $4,465 $14,387
2002 $1,132 $2,715 $4,184 $13,656
2001 $1,132 $2,645 $3,944 $13,072
2000 $1,093 $2,587 $4,084 $13,027
1999 $999 $2,372 $3,528 $11,980
1998 $989 $2,152 $3,294 $11,398
1997 $917 $1,959 $4,679 $12,469
1996 $813 $1,617 $4,837 $11,709
1995 $814 $1,329 $4,363 $10,720
1994 $736 $1,074 $3,758 $9,806
1993 $773 $838 $3,462 $9,018
1992 $782 $741 $3,141 $8,224
1991 $722 $684 $2,679 $7,583
1990 $750 $540 $2,469 $6,887
1989 $904 - $2,244 -
1988 $1,039 - $2,100 -
1987 $1,098 - $1,977 -
1986 $1,058 - $1,760 -
1985 $1,001 - $2,046 -
1984 $960 - $2,300 -
1983 $942 - $2,124 -
1982 $914 - $1,938 -
1981 $912 - $1,866 -
1980 $854 - $1,886 -
1979 $769 - $1,680 -
1978 $683 - $1,327 -
1977 $559 - $1,092 -
1976 $482 - $940 -
1975 $417 - $811 -
1974 $401 - $848 -
1973 $375 - $701 -
1972 $353 - $472 -
1971 $338 - $407 -
1970 $329 - $380 -
1969 $316 - $368 -
1968 $314 - $342 -
1967 $298.2 - $335 -
1966 $282.9 - $339 -
1965 $273.9 - $326 -
1964 $255.9 - $303 -
1963 $246.6 - $291.8 -
1962 $244 - $238.8 -
1961 $237.3 - $232.9 -
1960 $230.7 - $240.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Malaysia ranks 60th at $38,779.

Economic indicators

Honduras Malaysia
Gross domestic product
$39.6B
2025
$472B
2025
GDP rank
104/197
2025
35/197
2025
GDP growth
3.75%
2024-2025
5.17%
2024-2025
GDP per capita
$3,598
2025
$13,125
2025
GDP per capita rank
137/197
2025
78/197
2025
GDP per capita, PPP
$7,486
2024
$38,779
2024
GDP per capita PPP rank
146/197
2024
60/197
2024
Government debt
$16.3B
2025
$334B
2025
Debt-to-GDP ratio
41.2%
2025
70.7%
2025
Government debt per person
$1,483
2025
$9,273
2025
Government debt per person rank
132/185
2025
62/185
2025
Average annual personal income after taxes
$2,887
2026
$11,034
2026
Market capitalization of domestic companies n/a
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10%
32.3%
2024
30.9%
2021
Income share by poorest 10%
1.2%
2024
2.3%
2021
Government expenditure, % of GDP
24.9%
2025
23.4%
2025
Consumer prices inflation
4.6%
2024-2025
1.38%
2024-2025
Central bank interest rate
5.75%
2024
2.75%
2025
Unemployment rate
4.85%
2025
3.9%
2022
Population
11279259
36600906

Spending and national debt comparison by year

Honduras
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Honduras Malaysia
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 23.4% 70.7%
2024 25.7% 41.5% 24% 69.8%
2023 27.2% 41.7% 25% 69.7%
2022 24% 46.9% 24.6% 65.5%
2021 28.8% 52.7% 24.5% 69.2%
2020 28.4% 53.5% 25% 67.7%
2019 25.9% 43.3% 23.6% 57.1%
2018 26.2% 42.4% 22.8% 55.6%
2017 26.9% 41.3% 22% 54.4%
2016 27.4% 39.4% 22.9% 55.8%
2015 26% 38.3% 24.7% 57%
2014 26.4% 35.2% 26% 55.4%
2013 28% 37.3% 27.8% 55.7%
2012 26.4% 27.1% 28.5% 53.8%
2011 25.9% 24.6% 27.1% 51.9%
2010 26.5% 21.8% 26.6% 51.2%
2009 28.4% 23.8% 30.9% 50.4%
2008 26.4% 22.3% 26.9% 39.4%
2007 24.4% 24% 25.9% 39.3%
2006 24.4% 39.2% 25.6% 39.7%
2005 23.6% 55.6% 24.5% 40.8%
2004 25.5% 60.9% 25.9% 42%
2003 26.4% 67.8% 28.1% 41.4%
2002 26.8% 64.2% 27.1% 39.5%
2001 25.1% 63.4% 28.2% 38.1%
2000 22.1% 65.8% 25.6% 32.5%
1999 23.3% 75.8% 24.6% 34.4%
1998 19.4% 67.4% 23.1% 33.6%
1997 19.4% 70.8% 21.2% 29.6%
1996 18.7% 64.6% 22.4% 32.8%
1995 17.2% 65.4% 22.6% 38.2%
1994 19% 85.5% 23.3% 43.7%
1993 24.5% 111.7% 24.6% 51.1%
1992 21.6% 123.2% 28.2% 59.1%
1991 20.8% 135.4% 27.4% 67.3%
1990 19.4% 236.5% 30.5% 74.1%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while Malaysia spent $111B, or 23.4% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 70.7% in Malaysia, ranking 128/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Malaysia
1x
Year Deficit/surplus, % of GDP
Honduras Malaysia
2025 -0.74% -3.54%
2024 -1.12% -3.45%
2023 -1.96% -4.11%
2022 1.57% -4.56%
2021 -3.17% -6.03%
2020 -4.58% -4.9%
2019 0.09% -2.01%
2018 0.2% -2.64%
2017 -0.41% -2.41%
2016 -0.4% -2.6%
2015 -0.78% -2.55%
2014 -2.81% -2.63%
2013 -5.48% -3.48%
2012 -3.48% -3.1%
2011 -2.94% -3.57%
2010 -3.37% -4.32%
2009 -4.86% -5.88%
2008 -0.27% -3.4%
2007 -0.25% -2.57%
2006 -1.36% -2.6%
2005 -0.03% -2.83%
2004 -2.48% -3.35%
2003 -5.09% -4.6%
2002 -5.02% -3.96%
2001 -3.12% -4.36%
2000 1.51% -6.05%
1999 1.38% -3%
1998 2.89% -0.63%
1997 0.08% 4.84%
1996 0.13% 3.27%
1995 -0.24% 3.1%
1994 -0.97% 5.45%
1993 -5.21% 3.44%
1992 -1.49% 1.81%
1991 -2.16% 1.6%
1990 -2.15% 0.15%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

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

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to Malaysia's deficit of $16.7B, or 3.54% of GDP.

Over the past 36 years, Honduras recorded a fiscal deficit in 28 of those years, while Malaysia ran a deficit in 28 years. On average, Honduras posted an annual deficit equal to 1.61% of GDP, compared to deficit of 2.1% of GDP for Malaysia.

Inflation comparison by year

Inflation
Honduras

Malaysia
1x
Year Consumer prices inflation
Honduras Malaysia
2025 4.6% 1.38%
2024 4.61% 1.83%
2023 6.66% 2.49%
2022 9.09% 3.38%
2021 4.48% 2.48%
2020 3.47% -1.14%
2019 4.37% 0.66%
2018 4.35% 0.88%
2017 3.93% 3.87%
2016 2.72% 2.09%
2015 3.16% 2.1%
2014 6.13% 3.14%
2013 5.16% 2.11%
2012 5.2% 1.66%
2011 6.76% 3.17%
2010 4.7% 1.62%
2009 5.5% 0.58%
2008 11.4% 5.44%
2007 6.94% 2.03%
2006 5.58% 3.61%
2005 8.81% 2.98%
2004 8.11% 1.42%
2003 7.67% 1.09%
2002 7.69% 1.81%
2001 9.67% 1.42%
2000 11% 1.53%
1999 11.7% 2.74%
1998 13.7% 5.27%
1997 20.2% 2.66%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 2.22% in Malaysia. In 2025, inflation was 4.6% in Honduras and 1.38% in Malaysia.

Top exports between countries

Honduras
Export category Export value
Metals $3.34M
Raw agricultural goods $917K
Processed food, beverages & tobacco $296K
Animal & marine products $250K
Chemicals & pharma $158K
Machinery & equipment $100K
Wood & paper products $34K
Textiles & consumer goods $30K
Malaysia
Export category Export value
Processed food, beverages & tobacco $19.7M
Machinery & equipment $19.1M
Raw materials & minerals $6.57M
Textiles & consumer goods $3.14M
Metals $2.92M
Chemicals & pharma $1.37M
Wood & paper products $568K
Precious metals & jewellery $149K
Animal & marine products $26K
Miscellaneous $19K

Balance of trade

Honduras Malaysia
Current account balance
$936M
2025
$7.15B
2024
Current account balance ranking
50/190
2025
29/190
2024
Current account balance, % of GDP
+2.36%
2025
+1.69%
2024
Goods imports
$15.4B
2025
$223B
2024
Goods exports
$6.88B
2025
$248B
2024
Service imports
$4.1B
2025
$56.4B
2024
Service exports
$3.89B
2025
$53.4B
2024
Imports of goods and services, % of GDP
56.5%
2025
65.4%
2025
Exports of goods and services, % of GDP
35%
2025
71%
2025

Economic freedom indices

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

Honduras Malaysia
Economic freedom 59.1 68
Economic freedom ranking 105/197 51/197
Property rights 35.7 62.7
Government integrity 24.6 52.9
Judicial effectiveness 27.6 63.4
Tax burden 83.1 83.5
Government spending 80.3 82
Fiscal health 95.2 62.5
Business freedom 59.4 79.6
Labor freedom 37.9 55.4
Monetary freedom 70.1 80.8
Trade freedom 69.8 83
Investment freedom 65 60
Financial freedom 60 50

Economic freedom comparison by year

Honduras
Malaysia
1x
Year Economic freedom index
Honduras Malaysia
2026 59.1 68
2025 59.6 67.1
2024 58.6 65.7
2023 58.7 67.3
2022 59.5 68.1
2021 59.8 74.4
2020 61.1 74.7
2019 60.2 74
2018 60.6 74.5
2017 58.8 73.8
2016 57.7 71.5
2015 57.4 70.8
2014 57.1 69.6
2013 58.4 66.1
2012 58.8 66.4
2011 58.6 66.3
2010 58.3 64.8
2009 58.7 64.6
2008 58.9 63.9
2007 59.1 63.8
2006 57.4 61.6
2005 55.3 61.9
2004 55.3 59.9
2003 60.4 61.1
2002 58.7 60.1
2001 57 60.2
2000 57.6 66
1999 56.7 68.9
1998 56.2 68.2
1997 56 66.8
1996 56.6 69.9
1995 57 71.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Malaysia
Services, % of GDP
57.6%
2025
54.8%
2025
Industry, % of GDP
25.4%
2025
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
8.22%
2025
GNI, Atlas method
$36B
2025
$445B
2025
GNI per capita, PPP
$7,270
2025
$40,070
2025
Total reserves including gold
$10.2B
2025
$126B
2025
Total reserves ranking
78/177
2025
25/177
2025
Net foreign direct investment
-$810M
2025
-$2.55B
2024
Net inflows of foreign direct investment
$478M
2024
$15.6B
2024
Net outflows of foreign direct investment
-$49.4M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
60.1%
2025
5.1%
2023
Gross capital formation, % of GDP
24.2%
2025
20.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.