Honduras vs Nicaragua: Economic Indicators Comparison

Honduras with a GDP of $24B ranked the 112th largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, Honduras and Nicaragua ranked 57th vs 91st and 141st vs 148th, respectively.

Gross Domestic Product & Income

StatHondurasNicaragua
GDP$24B$13.1B
GDP growth, 1 year3.7%-4%
GDP growth, 5-years average3.9%3%
Population9.3M6.2M
GDP per capita$2.5k$2k
GDP per capita growth2.03%-5.02%
Purchasing Power Parity conversion factor11.6311.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.37
GDP per capita, PPP adjusted$5.2k$5.7k
GNI, Atlas method$22.5B$13.1B
GNI per capita$2.4k$2k
GNI, PPP adjusted$46B$34.9B
GNI per capita, PPP adjusted$4.8k$5.4k

Financial system and Human development

StatHondurasNicaragua
Income Tax Rate25%30%
Corporate Tax Rate25%30%
Inflation, consumer prices4.3%5%
Inflation, GDP deflator1.8%3.4%
Unemployment4.1%4.5%
Economic Freedom Index61.157.2
Personal Freedom Index6.957.41
Human Freedom Index7.137.22
Property Rights Index48.633.5
Judical Effectiveness Index34.219.5
Business Freedom Index56.755.1
Fiscal Health Index96.787.2
Labor Freedom Index31.555.5
Investment Freedom Index6560
Financial Freedom Index6050
Trade Freedom Index79.475.4
Monetary Freedom Index72.271.5
Government Spending Index78.277.5
Tax Burden Index82.376.3
Government Integrity Index28.624.3
Corruption Perceptions Index2925
Life expectancy at birth, years74.974.1
Suicide mortality rate, per 100,000 people2.912.2
Mortality caused by road traffic injury, per 100,000 people16.715.3
Intentional homicides, per 100,000 people41.77.4
International tourism, number of arrivals851k1.3M

Government debt & reserves

StatHondurasNicaragua
Central government debt, % of GDP40.3%37.2%
External debt stocks, % of GNI43.7%90.7%
External debt stocks$9.7B$11.6B
Short-term debt, % of total reserves14.7%60.3%
Total debt service, % of exports and primary income28.1%19%
Adjusted net savings including particulate emission damage, % of GNI19.5%14.4%
Gross savings, % of GDP20.8%23.6%
Gross capital formation, % of GDP25.5%22.9%
Total reserves including gold$4.8B$2.3B
Foreign direct investment net inflows$1.4B$359.2M

Exports, imports and economic structure

StatHondurasNicaragua
Exports of goods and services, % of GDP41.8%42%
Imports of goods and services, % of GDP60.4%51.3%
Current account balance (balance of payments)-$1.3B$83M
Revenue excluding grants, % of GDP23.4%16.8%
Grants excluding technical cooperation, BoP$302.7M$162.6M
Personal remittances received$4.8B$1.5B
Industry including construction value added, % of GDP26.8%25.8%
Agriculture, forestry and fishing value added, % of GDP11.8%15.5%
Charges for the use of intellectual property, payments BoP$57.8M$1.9M
Charges for the use of intellectual property, receipts BoP$811kN/A
Expense, % of GDP22%16.7%
Government Expenditure, % of GDP26.9%27.4%

Compare with countries close by GDP per capita

Honduras vs

CountryGDP
per capita
Population
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M