Skip to content

Economy of Honduras vs Mali compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $26.8B for Mali, ranking 104/197 and 113/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Honduras vs Mali GDP by year

Honduras
Mali
1x
Year GDP, current $
Honduras Mali
2024 $37,093,565,854 $26,794,747,240
2023 $34,355,805,528 $24,813,860,599
2022 $31,426,041,807 $22,539,987,719
2021 $28,144,331,507 $22,999,245,263
2020 $23,352,232,484 $20,698,560,939
2019 $24,882,225,742 $20,477,421,885
2018 $24,067,750,760 $20,368,015,381
2017 $23,136,247,991 $18,308,362,040
2016 $21,717,604,952 $16,743,796,800
2015 $20,979,791,685 $15,583,181,170
2014 $19,756,533,972 $17,081,681,993
2013 $18,499,729,215 $15,747,192,681
2012 $18,528,554,398 $14,795,114,603
2011 $17,710,275,685 $15,452,791,789
2010 $15,839,344,592 $12,710,739,159
2009 $14,587,496,229 $12,155,217,833
2008 $13,881,731,876 $11,462,490,840
2007 $12,361,257,681 $9,699,047,443
2006 $10,917,477,066 $8,212,007,554
2005 $9,757,012,697 $7,429,066,951
2004 $8,869,299,234 $6,485,774,930
2003 $8,230,391,347 $5,605,613,011
2002 $7,858,255,413 $4,647,238,257
2001 $7,651,162,302 $4,124,281,594
2000 $7,186,638,029 $3,521,570,876
1999 $6,394,090,592 $4,091,446,054
1998 $6,163,707,533 $3,894,433,432
1997 $5,569,178,707 $3,414,879,486
1996 $4,798,834,459 $3,743,103,420
1995 $4,672,346,194 $3,373,322,735
1994 $4,105,686,899 $2,655,768,636
1993 $4,190,773,622 $3,632,801,877
1992 $4,122,846,905 $3,680,775,037
1991 $3,699,381,195 $3,576,562,682
1990 $3,734,460,117 $3,248,417,791
1989 $4,375,896,552 $2,824,822,489
1988 $4,892,660,944 $2,712,207,901
1987 $5,024,800,000 $2,437,004,680
1986 $4,706,100,000 $2,132,938,007
1985 $4,328,300,000 $1,594,347,021
1984 $4,029,900,000 $1,387,809,615
1983 $3,840,550,000 $1,496,616,127
1982 $3,619,500,000 $1,680,304,773
1981 $3,501,800,000 $2,234,583,940
1980 $3,184,400,000 $2,704,362,789
1979 $2,778,900,000 $1,595,422,956
1978 $2,393,650,000 $1,222,702,573
1977 $1,900,700,000 $1,049,838,548
1976 $1,589,300,000 $939,228,017
1975 $1,330,050,000 $830,710,615
1974 $1,243,000,000 $538,747,340
1973 $1,128,299,436 $563,683,703
1972 $1,030,645,362 $486,617,280
1971 $958,450,000 $395,218,629
1970 $904,400,000 $359,772,315
1969 $844,400,000 $339,913,867
1968 $815,450,000 $343,771,973
1967 $750,950,000 $275,494,478
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/mali | CC BY

GDP per capita in Honduras vs Mali by year

Honduras
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $1,095 $3,315
2023 $3,227 $7,178 $1,044 $3,175
2022 $3,003 $6,805 $977 $3,014
2021 $2,735 $6,203 $1,027 $2,796
2020 $2,308 $5,385 $953 $2,724
2019 $2,502 $5,785 $972 $2,820
2018 $2,465 $5,633 $996 $2,684
2017 $2,413 $5,621 $924 $2,607
2016 $2,307 $5,186 $872 $2,532
2015 $2,271 $4,846 $838 $2,330
2014 $2,180 $4,460 $948 $2,185
2013 $2,081 $4,137 $902 $2,059
2012 $2,126 $4,016 $873 $1,990
2011 $2,074 $3,901 $938 $2,046
2010 $1,893 $3,758 $797 $2,012
2009 $1,781 $3,656 $787 $1,945
2008 $1,732 $3,806 $767 $1,893
2007 $1,578 $3,664 $671 $1,852
2006 $1,426 $3,438 $587 $1,832
2005 $1,305 $3,204 $549 $1,771
2004 $1,215 $3,001 $495 $1,730
2003 $1,156 $2,821 $442 $1,715
2002 $1,132 $2,715 $378 $1,581
2001 $1,132 $2,645 $346 $1,559
2000 $1,093 $2,587 $305 $1,357
1999 $999 $2,372 $364 $1,376
1998 $989 $2,152 $357 $1,332
1997 $917 $1,959 $321 $1,267
1996 $813 $1,617 $360 $1,224
1995 $814 $1,329 $331 $1,154
1994 $736 $1,074 $266.5 $1,147
1993 $773 $838 $372 $1,087
1992 $782 $741 $385 $1,039
1991 $722 $684 $382 $1,091
1990 $750 $540 $354 $956
1989 $904 - $314 -
1988 $1,039 - $307 -
1987 $1,098 - $280.7 -
1986 $1,058 - $250 -
1985 $1,001 - $190.4 -
1984 $960 - $169.1 -
1983 $942 - $186.3 -
1982 $914 - $213.8 -
1981 $912 - $290.5 -
1980 $854 - $359 -
1979 $769 - $216.3 -
1978 $683 - $169.1 -
1977 $559 - $148.1 -
1976 $482 - $134.9 -
1975 $417 - $121.5 -
1974 $401 - $80.2 -
1973 $375 - $85.4 -
1972 $353 - $75.1 -
1971 $338 - $62 -
1970 $329 - $57.3 -
1969 $316 - $55 -
1968 $314 - $56.5 -
1967 $298.2 - $46 -
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/mali | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Mali ranks 174th at $3,315.

Economic indicators

Honduras Mali
Gross domestic product
$37.1B
2024
$26.8B
2024
GDP rank
104/197
2024
113/197
2024
GDP growth
3.55%
2023-2024
4.99%
2023-2024
GDP per capita
$3,426
2024
$1,095
2024
GDP per capita rank
136/197
2024
173/197
2024
GDP per capita, PPP
$7,486
2024
$3,315
2024
GDP per capita PPP rank
146/197
2024
174/197
2024
Government debt
$17.5B
2024
$13.9B
2024
Debt-to-GDP ratio
47.1%
2024
51.7%
2024
Government debt per person
$1,613
2024
$566
2024
Government debt per person rank
126/185
2024
161/185
2024
Average annual personal income after taxes
$4,901
2026
$1,463
2026
Income share by richest 10%
32.3%
2024
28.3%
2021
Income share by poorest 10%
1.2%
2024
3.2%
2021
Government expenditure, % of GDP
25.7%
2024
24.7%
2024
Consumer prices inflation
4.61%
2023-2024
3.2%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
5.45%
2023
Population
11237619
26143152

Spending and national debt comparison by year

Honduras
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Honduras Mali
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 24.7% 51.7%
2023 27.2% 47.9% 24.8% 51.9%
2022 24% 51% 24.4% 50.3%
2021 28.8% 50.3% 26.9% 51.6%
2020 28.4% 52.5% 26.1% 47.3%
2019 25.9% 44.1% 23.1% 40.7%
2018 26.2% 43.5% 20.3% 37.5%
2017 26.9% 43.6% 22.9% 38.2%
2016 27.4% 40.3% 22.3% 37.2%
2015 26% 42.3% 20.9% 30.7%
2014 26.4% 43% 20% 26.9%
2013 28% 42.1% 19.8% 26.4%
2012 26.4% 32.4% 15.5% 25.4%
2011 25.9% 31.5% 20.6% 24%
2010 26.5% 28.9% 20.3% 25.3%
2009 28.4% 23.8% 22.8% 21.9%
2008 26.4% 22.3% 18.8% 20.1%
2007 24.4% 24% 21.5% 18.5%
2006 24.4% 39.2% 22.1% 18.1%
2005 23.6% 55.6% 21.6% 46.6%
2004 25.5% 60.9% 21.8% 42.4%
2003 26.4% 67.8% 20.8% 44.1%
2002 26.8% 64.2% 19.9% 42.6%
2001 25.1% 63.4% 18.3% 77.5%
2000 22.1% 65.8% 19.4% 90.5%
1999 23.3% 75.8% - -
1998 19.4% 67.4% - -
1997 19.4% 70.8% - -
1996 18.7% 64.6% - -
1995 17.2% 65.4% - -
1994 19.2% 86.4% - -
1993 23.7% 108% - -
1992 20.5% 116.5% - -
1991 18.8% 122.2% - -
1990 16.4% 200.3% - -
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/mali | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 51.7% in Mali, ranking 115/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Mali
1x
Year Deficit/surplus, % of GDP
Honduras Mali
2024 -1.12% -2.57%
2023 -1.96% -3.57%
2022 1.57% -4.75%
2021 -3.17% -4.91%
2020 -4.58% -5.42%
2019 0.09% -1.68%
2018 0.2% -4.74%
2017 -0.41% -2.86%
2016 -0.4% -3.95%
2015 -0.78% -1.82%
2014 -2.81% -2.89%
2013 -5.48% -2.37%
2012 -3.48% -0.96%
2011 -2.94% -3.42%
2010 -3.37% -2.57%
2009 -4.86% -3.71%
2008 -0.27% -1.97%
2007 -0.25% -2.78%
2006 -1.36% 27.8%
2005 -0.03% -2.76%
2004 -2.48% -2.36%
2003 -5.09% -1.19%
2002 -5.02% -3.09%
2001 -3.12% -2.8%
2000 1.51% -2.64%
1999 1.38% -
1998 2.89% -
1997 0.08% -
1996 0.13% -
1995 -0.24% -
1994 -0.98% -
1993 -5.03% -
1992 -1.41% -
1991 -1.95% -
1990 -1.82% -
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) | 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/mali | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Honduras recorded a fiscal deficit in 21 of those years, while Mali ran a deficit in 24 years. On average, Honduras posted an annual deficit equal to 1.98% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Honduras

Mali
1x
Year Consumer prices inflation
Honduras Mali
2024 4.61% 3.2%
2023 6.66% 2.1%
2022 9.09% 9.7%
2021 4.48% 3.8%
2020 3.47% 0.5%
2019 4.37% -3%
2018 4.35% 1.9%
2017 3.93% 2.4%
2016 2.72% -1.8%
2015 3.16% 1.4%
2014 6.13% 0.9%
2013 5.16% -0.6%
2012 5.2% 5.3%
2011 6.76% 3%
2010 4.7% 1.2%
2009 5.5% 2.4%
2008 11.4% 9.2%
2007 6.94% 1.4%
2006 5.58% 1.6%
2005 8.81% 6.4%
2004 8.11% -3.1%
2003 7.67% -1.3%
2002 7.69% 5%
2001 9.67% 5.2%
2000 11% -0.8%
1999 11.7% -1.2%
1998 13.7% 4.1%
1997 20.2% -0.7%

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/mali | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 2.08% in Mali. In 2024, inflation was 4.61% in Honduras and 3.2% in Mali.

Balance of trade

Honduras Mali
Current account balance
-$1.65B
2024
-$1.61B
2023
Current account balance ranking
137/190
2024
136/190
2023
Current account balance, % of GDP
-4.45%
2024
-6.49%
2023
Goods imports
$14.6B
2024
$5.73B
2023
Goods exports
$5.67B
2024
$5.65B
2023
Service imports
$3.67B
2024
$2.34B
2023
Service exports
$3.75B
2024
$475M
2023
Imports of goods and services, % of GDP
57.6%
2024
27.3%
2024
Exports of goods and services, % of GDP
33.5%
2024
22.6%
2024

Economic freedom indices

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

Honduras Mali
Economic freedom 59.1 52.1
Economic freedom ranking 105/197 150/197
Property rights 35.7 13.8
Government integrity 24.6 23.2
Judicial effectiveness 27.6 23.3
Tax burden 83.1 67.9
Government spending 80.3 81.8
Fiscal health 95.2 73.6
Business freedom 59.4 40.8
Labor freedom 37.9 54.1
Monetary freedom 70.1 78.2
Trade freedom 69.8 64
Investment freedom 65 65
Financial freedom 60 40

Economic freedom comparison by year

Honduras
Mali
1x
Year Economic freedom index
Honduras Mali
2026 59.1 52.1
2025 59.6 52.6
2024 58.6 52.5
2023 58.7 54.5
2022 59.5 55.9
2021 59.8 55.6
2020 61.1 55.9
2019 60.2 58.1
2018 60.6 57.6
2017 58.8 58.6
2016 57.7 56.5
2015 57.4 56.4
2014 57.1 55.5
2013 58.4 56.4
2012 58.8 55.8
2011 58.6 56.3
2010 58.3 55.6
2009 58.7 55.6
2008 58.9 55.6
2007 59.1 54.7
2006 57.4 54.1
2005 55.3 57.3
2004 55.3 56.6
2003 60.4 58.6
2002 58.7 61.1
2001 57 60.1
2000 57.6 60.3
1999 56.7 58.4
1998 56.2 57.3
1997 56 56.4
1996 56.6 57
1995 57 52.4

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Mali
Services, % of GDP
58.4%
2024
36.3%
2024
Industry, % of GDP
26.1%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
33.3%
2024
GNI, Atlas method
$32.7B
2024
$25.2B
2024
GNI per capita, PPP
$6,900
2024
$3,230
2024
Total reserves including gold
$8.04B
2024
n/a
Total reserves ranking
84/177
2024
n/a
Net foreign direct investment
-$620M
2024
-$673M
2023
Net inflows of foreign direct investment
$1.31B
2024
$921M
2024
Net outflows of foreign direct investment
$689M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
1.41%
2024
Poverty at national poverty lines
62.9%
2024
43.3%
2024
Gross capital formation, % of GDP
22.5%
2024
19.5%
2024

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/mali | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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.