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Economy of Honduras vs Maldives compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $7.74B for Maldives, ranking 104/197 and 159/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $9.71B (125.4% of GDP) in Maldives.

Honduras vs Maldives GDP by year

Honduras
Maldives
1x
Year GDP, current $
Honduras Maldives
2025 $39,601,409,103 $7,741,066,861
2024 $36,980,171,442 $7,061,608,267
2023 $34,355,805,528 $6,621,008,704
2022 $31,426,041,807 $6,177,123,352
2021 $28,144,331,507 $5,252,457,370
2020 $23,352,232,484 $3,712,604,583
2019 $24,882,225,742 $5,726,094,799
2018 $24,067,750,760 $5,404,344,163
2017 $23,136,247,991 $4,816,426,257
2016 $21,717,604,952 $4,409,942,624
2015 $20,979,791,685 $4,129,505,319
2014 $19,756,533,972 $3,697,353,039
2013 $18,499,729,215 $3,295,009,238
2012 $18,528,554,398 $2,886,163,997
2011 $17,710,275,685 $2,774,350,240
2010 $15,839,344,592 $2,588,176,055
2009 $14,587,496,229 $2,345,294,875
2008 $13,881,731,876 $2,271,646,188
2007 $12,361,257,681 $1,868,383,461
2006 $10,917,477,066 $1,575,200,391
2005 $9,757,012,697 $1,163,362,438
2004 $8,869,299,234 $1,226,829,563
2003 $8,230,391,347 $1,052,121,055
2002 $7,858,255,413 $897,031,250
2001 $7,651,162,302 $870,031,677
2000 $7,186,638,029 $624,337,145
1999 $6,394,090,592 $589,239,754
1998 $6,163,707,533 $540,096,398
1997 $5,569,178,707 $508,223,602
1996 $4,798,834,459 $450,382,328
1995 $4,672,346,194 $398,988,955
1994 $4,105,686,899 $356,014,932
1993 $4,190,773,622 $322,417,837
1992 $4,122,846,905 $284,875,809
1991 $3,699,381,195 $244,396,762
1990 $3,734,460,117 $215,043,970
1989 $4,375,896,552 $189,514,434
1988 $4,892,660,944 $168,514,513
1987 $5,024,800,000 $141,223,029
1986 $4,706,100,000 $141,882,254
1985 $4,328,300,000 $127,190,758
1984 $4,029,900,000 $109,503,546
1983 $3,840,550,000 $57,829,787
1982 $3,619,500,000 $47,911,340
1981 $3,501,800,000 $44,781,457
1980 $3,184,400,000 $42,463,576
1979 $2,778,900,000 $38,523,364
1978 $2,393,650,000 $24,369,109
1977 $1,900,700,000 $20,853,789
1976 $1,589,300,000 $22,399,467
1975 $1,330,050,000 $24,540,878
1974 $1,243,000,000 $39,120,171
1973 $1,128,299,436 $30,862,042
1972 $1,030,645,362 $25,177,138
1971 $958,450,000 $21,566,404
1970 $904,400,000 $19,328,038
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Honduras vs Maldives by year

Honduras
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $14,615 -
2024 $3,416 $7,486 $13,379 $26,183
2023 $3,227 $7,178 $12,588 $24,786
2022 $3,003 $6,805 $11,786 $22,881
2021 $2,735 $6,203 $10,176 $19,053
2020 $2,308 $5,385 $7,394 $13,425
2019 $2,502 $5,785 $11,740 $23,077
2018 $2,465 $5,633 $11,423 $21,899
2017 $2,413 $5,621 $10,510 $19,768
2016 $2,307 $5,186 $9,948 $18,770
2015 $2,271 $4,846 $9,645 $17,875
2014 $2,180 $4,460 $8,939 $16,723
2013 $2,081 $4,137 $8,236 $15,264
2012 $2,126 $4,016 $7,461 $13,989
2011 $2,074 $3,901 $7,425 $13,726
2010 $1,893 $3,758 $7,174 $12,797
2009 $1,781 $3,656 $6,734 $12,266
2008 $1,732 $3,806 $6,757 $13,779
2007 $1,578 $3,664 $5,758 $12,852
2006 $1,426 $3,438 $5,019 $12,075
2005 $1,305 $3,204 $3,797 $9,704
2004 $1,215 $3,001 $4,070 $10,770
2003 $1,156 $2,821 $3,549 $10,065
2002 $1,132 $2,715 $3,076 $8,823
2001 $1,132 $2,645 $3,034 $8,236
2000 $1,093 $2,587 $2,214 $8,526
1999 $999 $2,372 $2,124 $8,162
1998 $989 $2,152 $1,980 $7,710
1997 $917 $1,959 $1,898 $7,226
1996 $813 $1,617 $1,717 $6,687
1995 $814 $1,329 $1,555 $6,223
1994 $736 $1,074 $1,419 $5,520
1993 $773 $838 $1,317 $5,138
1992 $782 $741 $1,194 $4,881
1991 $722 $684 $1,054 $4,604
1990 $750 $540 $957 $4,528
1989 $904 - $870 -
1988 $1,039 - $799 -
1987 $1,098 - $692 -
1986 $1,058 - $720 -
1985 $1,001 - $669 -
1984 $960 - $594 -
1983 $942 - $323 -
1982 $914 - $274.8 -
1981 $912 - $264.1 -
1980 $854 - $257.6 -
1979 $769 - $240.2 -
1978 $683 - $156.1 -
1977 $559 - $137.3 -
1976 $482 - $151.8 -
1975 $417 - $171.4 -
1974 $401 - $281.5 -
1973 $375 - $228.7 -
1972 $353 - $192.2 -
1971 $338 - $169.8 -
1970 $329 - $156.9 -
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 (1960–2025, retrieved 2026-07-08).

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

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $14,615 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Maldives ranks 81st at $26,183.

Economic indicators

Honduras Maldives
Gross domestic product
$39.6B
2025
$7.74B
2025
GDP rank
104/197
2025
159/197
2025
GDP growth
3.75%
2024-2025
6.31%
2024-2025
GDP per capita
$3,598
2025
$14,615
2025
GDP per capita rank
137/197
2025
75/197
2025
GDP per capita, PPP
$7,486
2024
$26,183
2024
GDP per capita PPP rank
146/197
2024
81/197
2024
Government debt
$16.3B
2025
$9.71B
2025
Debt-to-GDP ratio
41.2%
2025
125.4%
2025
Government debt per person
$1,483
2025
$18,329
2025
Government debt per person rank
132/185
2025
35/185
2025
Average annual personal income after taxes
$2,887
2026
$9,733
2026
Income share by richest 10%
32.3%
2024
23.3%
2019
Income share by poorest 10%
1.2%
2024
3.8%
2019
Government expenditure, % of GDP
24.9%
2025
36.5%
2025
Consumer prices inflation
4.6%
2024-2025
3.5%
2024-2025
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.85%
2025
4.56%
2019
Population
11279259
532468

Spending and national debt comparison by year

Honduras
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Honduras Maldives
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 36.5% 125.4%
2024 25.7% 41.5% 43.9% 133.3%
2023 27.2% 41.7% 46.7% 122.4%
2022 24% 46.9% 42% 111.6%
2021 28.8% 52.7% 40.6% 123.4%
2020 28.4% 53.5% 50.4% 155.7%
2019 25.9% 43.3% 32.9% 77.2%
2018 26.2% 42.4% 31.9% 70.7%
2017 26.9% 41.3% 30.4% 63.8%
2016 27.4% 39.4% 37.3% 61.9%
2015 26% 38.3% 33.8% 54.8%
2014 26.4% 35.2% 29.1% 55.1%
2013 28% 37.3% 27% 55.9%
2012 26.4% 27.1% 29.8% 57.1%
2011 25.9% 24.6% 31.3% 51.9%
2010 26.5% 21.8% 33.2% 52.7%
2009 28.4% 23.8% 37% 48.4%
2008 26.4% 22.3% 35.6% 39%
2007 24.4% 24% 34.8% 35.8%
2006 24.4% 39.2% 35% 36.8%
2005 23.6% 55.6% 38.8% 43.2%
2004 25.5% 60.9% 24.1% 34.7%
2003 26.4% 67.8% 26.4% 37.6%
2002 26.8% 64.2% 29.6% 44.3%
2001 25.1% 63.4% 29.6% 41.8%
2000 22.1% 65.8% 29% 39%
1999 23.3% 75.8% 28% 38.9%
1998 19.4% 67.4% 25.9% 39.3%
1997 19.4% 70.8% 25.2% 38.1%
1996 18.7% 64.6% 27.3% 46.9%
1995 17.2% 65.4% 31.3% 52.2%
1994 19% 85.5% 30.7% 54.6%
1993 24.5% 111.7% 34.7% 55.7%
1992 21.6% 123.2% 36.1% 49%
1991 20.8% 135.4% 37.7% 46.7%
1990 19.4% 236.5% 33.3% 42.4%
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 (1960–1996, retrieved 2026-07-08).

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

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while Maldives spent $2.83B, or 36.5% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 125.4% in Maldives, ranking 128/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Maldives
1x
Year Deficit/surplus, % of GDP
Honduras Maldives
2025 -0.74% -2.94%
2024 -1.12% -11.6%
2023 -1.96% -13.2%
2022 1.57% -11.2%
2021 -3.17% -14.2%
2020 -4.58% -23.7%
2019 0.09% -6.54%
2018 0.2% -5.17%
2017 -0.41% -3.02%
2016 -0.4% -9.93%
2015 -0.78% -6.52%
2014 -2.81% -2.42%
2013 -5.48% -3.49%
2012 -3.48% -6.91%
2011 -2.94% -8.13%
2010 -3.37% -13.6%
2009 -4.86% -17.9%
2008 -0.27% -9.92%
2007 -0.25% -3.16%
2006 -1.36% -4.52%
2005 -0.03% -7.81%
2004 -2.48% -2.26%
2003 -5.09% -3.45%
2002 -5.02% -3.97%
2001 -3.12% -3.97%
2000 1.51% -3.89%
1999 1.38% -3.03%
1998 2.89% -2.25%
1997 0.08% -1.46%
1996 0.13% -2.01%
1995 -0.24% -5.66%
1994 -0.97% -4.82%
1993 -5.21% -13.9%
1992 -1.49% -12.6%
1991 -2.16% -10.2%
1990 -2.15% -12.8%
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/maldives | CC BY

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to Maldives' deficit of $228M, or 2.94% of GDP.

Over the past 36 years, Honduras recorded a fiscal deficit in 28 of those years, while Maldives ran a deficit in 36 years. On average, Honduras posted an annual deficit equal to 1.61% of GDP, compared to deficit of 7.56% of GDP for Maldives.

Inflation comparison by year

Inflation
Honduras

Maldives
1x
Year Consumer prices inflation
Honduras Maldives
2025 4.6% 3.5%
2024 4.61% 1.4%
2023 6.66% 2.6%
2022 9.09% 2.6%
2021 4.48% 0.2%
2020 3.47% -1.6%
2019 4.37% 1.3%
2018 4.35% 1.4%
2017 3.93% 2.3%
2016 2.72% 0.8%
2015 3.16% 1.4%
2014 6.13% 2.4%
2013 5.16% 4%
2012 5.2% 10.9%
2011 6.76% 11.3%
2010 4.7% 6.1%
2009 5.5% 4.5%
2008 11.4% 12%
2007 6.94% 6.8%
2006 5.58% 3.5%
2005 8.81% 2.5%
2004 8.11% 6.3%
2003 7.67% -2.8%
2002 7.69% 0.9%
2001 9.67% 0.7%
2000 11% -1.2%
1999 11.7% 3%
1998 13.7% -1.4%
1997 20.2% 7.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 3.21% in Maldives. In 2025, inflation was 4.6% in Honduras and 3.5% in Maldives.

Balance of trade

Honduras Maldives
Current account balance
$936M
2025
-$1.32B
2024
Current account balance ranking
50/190
2025
126/190
2024
Current account balance, % of GDP
+2.36%
2025
-18.7%
2024
Goods imports
$15.4B
2025
$3.46B
2024
Goods exports
$6.88B
2025
$383M
2024
Service imports
$4.1B
2025
$1.89B
2024
Service exports
$3.89B
2025
$5.03B
2024
Imports of goods and services, % of GDP
56.5%
2025
78.3%
2024
Exports of goods and services, % of GDP
35%
2025
78.2%
2024

Economic freedom indices

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

Honduras Maldives
Economic freedom 59.1 47.6
Economic freedom ranking 105/197 174/197
Property rights 35.7 52.2
Government integrity 24.6 41.9
Judicial effectiveness 27.6 39.3
Tax burden 83.1 89.9
Government spending 80.3 39.5
Fiscal health 95.2 0
Business freedom 59.4 49.7
Labor freedom 37.9 54.1
Monetary freedom 70.1 76.4
Trade freedom 69.8 62.8
Investment freedom 65 35
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Maldives
1x
Year Economic freedom index
Honduras Maldives
2026 59.1 47.6
2025 59.6 48.3
2024 58.6 47.8
2023 58.7 46.6
2022 59.5 47.3
2021 59.8 55.2
2020 61.1 56.5
2019 60.2 53.2
2018 60.6 51.1
2017 58.8 50.3
2016 57.7 53.9
2015 57.4 53.4
2014 57.1 51
2013 58.4 49
2012 58.8 49.2
2011 58.6 48.3
2010 58.3 49
2009 58.7 51.3
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 2026-07-08).

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Maldives
Services, % of GDP
57.6%
2025
69.9%
2025
Industry, % of GDP
25.4%
2025
9.33%
2025
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
4.59%
2025
GNI, Atlas method
$36B
2025
$6.86B
2025
GNI per capita, PPP
$7,270
2025
$25,600
2025
Total reserves including gold
$10.2B
2025
$985M
2025
Total reserves ranking
78/177
2025
143/177
2025
Net foreign direct investment
-$810M
2025
-$806M
2024
Net inflows of foreign direct investment
$478M
2024
$806M
2024
Net outflows of foreign direct investment
-$49.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
8.02%
2024
Poverty at national poverty lines
60.1%
2025
15%
2020
Gross capital formation, % of GDP
24.2%
2025
30.8%
2024

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/maldives | 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 (1927–1996, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.