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Economy of Honduras vs Nepal compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $42.9B for Nepal, ranking 104/197 and 101/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Honduras vs Nepal GDP by year

Honduras
Nepal
1x
Year GDP, current $
Honduras Nepal
2024 $37,093,565,854 $42,914,268,287
2023 $34,355,805,528 $41,047,772,331
2022 $31,426,041,807 $41,182,939,601
2021 $28,144,331,507 $36,924,841,394
2020 $23,352,232,484 $33,433,659,301
2019 $24,882,225,742 $34,186,180,699
2018 $24,067,750,760 $33,111,525,237
2017 $23,136,247,991 $28,971,588,940
2016 $21,717,604,952 $24,524,109,484
2015 $20,979,791,685 $24,360,801,287
2014 $19,756,533,972 $22,731,612,922
2013 $18,499,729,215 $22,162,204,925
2012 $18,528,554,398 $21,703,100,877
2011 $17,710,275,685 $21,573,872,421
2010 $15,839,344,592 $16,002,656,434
2009 $14,587,496,229 $12,854,985,464
2008 $13,881,731,876 $12,545,438,605
2007 $12,361,257,681 $10,325,618,017
2006 $10,917,477,066 $9,043,715,356
2005 $9,757,012,697 $8,130,258,378
2004 $8,869,299,234 $7,273,938,315
2003 $8,230,391,347 $6,330,473,097
2002 $7,858,255,413 $6,050,875,807
2001 $7,651,162,302 $6,007,055,042
2000 $7,186,638,029 $5,494,252,208
1999 $6,394,090,592 $5,033,642,384
1998 $6,163,707,533 $4,856,255,044
1997 $5,569,178,707 $4,918,691,917
1996 $4,798,834,459 $4,521,580,381
1995 $4,672,346,194 $4,401,104,418
1994 $4,105,686,899 $4,066,775,510
1993 $4,190,773,622 $3,660,041,667
1992 $4,122,846,905 $3,401,211,581
1991 $3,699,381,195 $3,921,476,085
1990 $3,734,460,117 $3,627,560,239
1989 $4,375,896,552 $3,525,225,787
1988 $4,892,660,944 $3,487,009,748
1987 $5,024,800,000 $2,957,255,380
1986 $4,706,100,000 $2,850,782,044
1985 $4,328,300,000 $2,619,913,956
1984 $4,029,900,000 $2,581,207,388
1983 $3,840,550,000 $2,447,174,803
1982 $3,619,500,000 $2,395,423,742
1981 $3,501,800,000 $2,275,583,317
1980 $3,184,400,000 $1,945,916,583
1979 $2,778,900,000 $1,851,250,008
1978 $2,393,650,000 $1,604,162,497
1977 $1,900,700,000 $1,382,400,000
1976 $1,589,300,000 $1,452,788,985
1975 $1,330,050,000 $1,575,789,254
1974 $1,243,000,000 $1,217,953,547
1973 $1,128,299,436 $972,101,725
1972 $1,030,645,362 $1,024,098,400
1971 $958,450,000 $882,765,472
1970 $904,400,000 $865,975,309
1969 $844,400,000 $788,641,965
1968 $815,450,000 $772,231,387
1967 $750,950,000 $841,974,025
1966 $692,150,000 $906,811,944
1965 $651,050,000 $735,267,082
1964 $591,100,000 $496,098,775
1963 $553,500,000 $496,947,904
1962 $532,450,000 $574,091,101
1961 $503,300,000 $531,959,562
1960 $475,650,000 $508,334,414

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

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

GDP per capita in Honduras vs Nepal by year

Honduras
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $1,447 $5,737
2023 $3,227 $7,178 $1,382 $5,395
2022 $3,003 $6,805 $1,386 $5,103
2021 $2,735 $6,203 $1,253 $4,546
2020 $2,308 $5,385 $1,154 $4,236
2019 $2,502 $5,785 $1,203 $4,261
2018 $2,465 $5,633 $1,179 $3,956
2017 $2,413 $5,621 $1,034 $3,605
2016 $2,307 $5,186 $877 $2,976
2015 $2,271 $4,846 $876 $2,957
2014 $2,180 $4,460 $821 $2,901
2013 $2,081 $4,137 $803 $2,658
2012 $2,126 $4,016 $788 $2,466
2011 $2,074 $3,901 $786 $2,248
2010 $1,893 $3,758 $585 $2,139
2009 $1,781 $3,656 $473 $2,029
2008 $1,732 $3,806 $465 $1,942
2007 $1,578 $3,664 $385 $1,809
2006 $1,426 $3,438 $340 $1,718
2005 $1,305 $3,204 $309 $1,628
2004 $1,215 $3,001 $279.6 $1,542
2003 $1,156 $2,821 $246.4 $1,453
2002 $1,132 $2,715 $238.9 $1,390
2001 $1,132 $2,645 $240.8 $1,388
2000 $1,093 $2,587 $223.8 $1,317
1999 $999 $2,372 $208.6 $1,234
1998 $989 $2,152 $205.1 $1,187
1997 $917 $1,959 $211.8 $1,162
1996 $813 $1,617 $198.8 $1,110
1995 $814 $1,329 $197.8 $1,058
1994 $736 $1,074 $187.3 $1,026
1993 $773 $838 $172.8 $952
1992 $782 $741 $165 $920
1991 $722 $684 $195.7 $889
1990 $750 $540 $185.8 $830
1989 $904 - $185 -
1988 $1,039 - $187.1 -
1987 $1,098 - $162 -
1986 $1,058 - $159.5 -
1985 $1,001 - $149.9 -
1984 $960 - $151.1 -
1983 $942 - $146.6 -
1982 $914 - $147 -
1981 $912 - $142.9 -
1980 $854 - $125.1 -
1979 $769 - $121.9 -
1978 $683 - $108.1 -
1977 $559 - $95.3 -
1976 $482 - $102.5 -
1975 $417 - $113.6 -
1974 $401 - $89.8 -
1973 $375 - $73.2 -
1972 $353 - $78.8 -
1971 $338 - $69.5 -
1970 $329 - $69.6 -
1969 $316 - $64.8 -
1968 $314 - $64.9 -
1967 $298.2 - $72.3 -
1966 $282.9 - $79.5 -
1965 $273.9 - $65.8 -
1964 $255.9 - $45.3 -
1963 $246.6 - $46.3 -
1962 $244 - $54.6 -
1961 $237.3 - $51.6 -
1960 $230.7 - $50.2 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Nepal ranks 155th at $5,737.

Economic indicators

Honduras Nepal
Gross domestic product
$37.1B
2024
$42.9B
2024
GDP rank
104/197
2024
101/197
2024
GDP growth
3.55%
2023-2024
3.67%
2023-2024
GDP per capita
$3,426
2024
$1,447
2024
GDP per capita rank
136/197
2024
164/197
2024
GDP per capita, PPP
$7,486
2024
$5,737
2024
GDP per capita PPP rank
146/197
2024
155/197
2024
Government debt
$17.5B
2024
$20.7B
2024
Debt-to-GDP ratio
47.1%
2024
48.3%
2024
Government debt per person
$1,613
2024
$700
2024
Government debt per person rank
126/185
2024
154/185
2024
Average annual personal income after taxes
$4,901
2026
$2,170
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
32.3%
2024
24.2%
2022
Income share by poorest 10%
1.2%
2024
3.7%
2022
Government expenditure, % of GDP
25.7%
2024
22.1%
2024
Consumer prices inflation
4.61%
2023-2024
4.69%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
10.7%
2017
Population
11237619
29596762

Spending and national debt comparison by year

Honduras
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Honduras Nepal
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 22.1% 48.3%
2023 27.2% 47.9% 25.1% 47%
2022 24% 51% 26.1% 42.7%
2021 28.8% 50.3% 27.2% 43.3%
2020 28.4% 52.5% 28.5% 43.3%
2019 25.9% 44.1% 27.1% 34%
2018 26.2% 43.5% 28% 31.1%
2017 26.9% 43.6% 23.6% 25%
2016 27.4% 40.3% 19% 25%
2015 26% 42.3% 17.7% 25.7%
2014 26.4% 43% 16.6% 27.6%
2013 28% 42.1% 15.5% 31.9%
2012 26.4% 32.4% 16.8% 34.5%
2011 25.9% 31.5% 16.3% 32.4%
2010 26.5% 28.9% 16.5% 35.4%
2009 28.4% 23.8% 17% 39.5%
2008 26.4% 22.3% 13.4% 36.8%
2007 24.4% 24% 13.1% 37.9%
2006 24.4% 39.2% 11.2% 42.9%
2005 23.6% 55.6% 12% 45.1%
2004 25.5% 60.9% 11.8% 51.3%
2003 26.4% 67.8% 12% 53%
2002 26.8% 64.2% 13% 51.8%
2001 25.1% 63.4% 12.9% 50.8%
2000 22.1% 65.8% 11.4% 50.8%
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/nepal | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 48.3% in Nepal, ranking 115/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Nepal
1x
Year Deficit/surplus, % of GDP
Honduras Nepal
2024 -1.12% -2.76%
2023 -1.96% -5.81%
2022 1.57% -3.12%
2021 -3.17% -3.98%
2020 -4.58% -7.47%
2019 0.09% -4.27%
2018 0.2% -5.83%
2017 -0.41% -2.69%
2016 -0.4% 1.2%
2015 -0.78% 0.46%
2014 -2.81% 1.36%
2013 -5.48% 1.57%
2012 -3.48% -1.18%
2011 -2.94% -0.72%
2010 -3.37% -0.67%
2009 -4.86% -2.24%
2008 -0.27% -0.29%
2007 -0.25% -0.67%
2006 -1.36% 0.24%
2005 -0.03% 0.24%
2004 -2.48% -0.14%
2003 -5.09% -0.34%
2002 -5.02% -2.46%
2001 -3.12% -2.35%
2000 1.51% -1.48%
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/nepal | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Honduras recorded a fiscal deficit in 21 of those years, while Nepal ran a deficit in 19 years. On average, Honduras posted an annual deficit equal to 1.98% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Honduras

Nepal
1x
Year Consumer prices inflation
Honduras Nepal
2024 4.61% 4.69%
2023 6.66% 7.12%
2022 9.09% 7.67%
2021 4.48% 4.13%
2020 3.47% 5.06%
2019 4.37% 5.57%
2018 4.35% 4.41%
2017 3.93% 2.78%
2016 2.72% 8.79%
2015 3.16% 7.87%
2014 6.13% 8.36%
2013 5.16% 9.04%
2012 5.2% 9.46%
2011 6.76% 9.23%
2010 4.7% 9.33%
2009 5.5% 11.1%
2008 11.4% 9.91%
2007 6.94% 2.27%
2006 5.58% 6.92%
2005 8.81% 6.84%
2004 8.11% 2.84%
2003 7.67% 5.71%
2002 7.69% 3.03%
2001 9.67% 2.69%
2000 11% 2.48%
1999 11.7% 7.45%
1998 13.7% 11.2%
1997 20.2% 4.01%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 6.43% in Nepal. In 2024, inflation was 4.61% in Honduras and 4.69% in Nepal.

Top exports between countries

Honduras
Export category Export value
Nepal
Export category Export value
Textiles & consumer goods $13K

Balance of trade

Honduras Nepal
Current account balance
-$1.65B
2024
$1.68B
2024
Current account balance ranking
137/190
2024
50/190
2024
Current account balance, % of GDP
-4.45%
2024
+3.91%
2024
Goods imports
$14.6B
2024
$12.1B
2024
Goods exports
$5.67B
2024
$1.54B
2024
Service imports
$3.67B
2024
$2.27B
2024
Service exports
$3.75B
2024
$1.9B
2024
Imports of goods and services, % of GDP
57.6%
2024
32.9%
2024
Exports of goods and services, % of GDP
33.5%
2024
7.62%
2024

Economic freedom indices

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

Honduras Nepal
Economic freedom 59.1 52.9
Economic freedom ranking 105/197 144/197
Property rights 35.7 38.8
Government integrity 24.6 38.9
Judicial effectiveness 27.6 42.9
Tax burden 83.1 84.3
Government spending 80.3 82.1
Fiscal health 95.2 71
Business freedom 59.4 60.8
Labor freedom 37.9 48.2
Monetary freedom 70.1 69.4
Trade freedom 69.8 58.6
Investment freedom 65 10
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Nepal
1x
Year Economic freedom index
Honduras Nepal
2026 59.1 52.9
2025 59.6 52.5
2024 58.6 52.1
2023 58.7 51.4
2022 59.5 49.7
2021 59.8 50.7
2020 61.1 54.2
2019 60.2 53.8
2018 60.6 54.1
2017 58.8 55.1
2016 57.7 50.9
2015 57.4 51.3
2014 57.1 50.1
2013 58.4 50.4
2012 58.8 50.2
2011 58.6 50.1
2010 58.3 52.7
2009 58.7 53.2
2008 58.9 54.1
2007 59.1 54.4
2006 57.4 53.7
2005 55.3 51.4
2004 55.3 51.2
2003 60.4 51.5
2002 58.7 52.3
2001 57 51.6
2000 57.6 51.3
1999 56.7 53.1
1998 56.2 53.5
1997 56 53.6
1996 56.6 50.3
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Nepal
Services, % of GDP
58.4%
2024
55.2%
2024
Industry, % of GDP
26.1%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
21.9%
2024
GNI, Atlas method
$32.7B
2024
$43.7B
2024
GNI per capita, PPP
$6,900
2024
$5,830
2024
Total reserves including gold
$8.04B
2024
$12.5B
2023
Total reserves ranking
84/177
2024
74/177
2023
Net foreign direct investment
-$620M
2024
-$56.9M
2024
Net inflows of foreign direct investment
$1.31B
2024
$56.9M
2024
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
1.23%
2024
Poverty at national poverty lines
62.9%
2024
20.3%
2022
Gross capital formation, % of GDP
22.5%
2024
30.4%
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/nepal | 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)
  8. TradeMap (2021, retrieved 2026-02-08)

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.