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Economy of Honduras vs Nigeria compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $291B for Nigeria, ranking 104/197 and 50/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Honduras vs Nigeria GDP by year

Honduras
Nigeria
1x
Year GDP, current $
Honduras Nigeria
2025 $39,601,409,103 $290,794,361,542
2024 $36,980,171,442 $252,261,880,140
2023 $34,355,805,528 $487,387,801,878
2022 $31,426,041,807 $646,950,257,575
2021 $28,144,331,507 $609,147,716,965
2020 $23,352,232,484 $598,586,817,817
2019 $24,882,225,742 $668,219,992,687
2018 $24,067,750,760 $421,739,251,509
2017 $23,136,247,991 $375,745,731,053
2016 $21,717,604,952 $404,649,125,252
2015 $20,979,791,685 $493,026,682,801
2014 $19,756,533,972 $574,183,763,412
2013 $18,499,729,215 $520,117,180,314
2012 $18,528,554,398 $463,971,018,239
2011 $17,710,275,685 $414,466,676,831
2010 $15,839,344,592 $366,990,417,129
2009 $14,587,496,229 $295,008,835,381
2008 $13,881,731,876 $339,476,276,258
2007 $12,361,257,681 $278,260,846,800
2006 $10,917,477,066 $238,454,997,161
2005 $9,757,012,697 $175,670,569,969
2004 $8,869,299,234 $135,764,731,646
2003 $8,230,391,347 $104,738,954,264
2002 $7,858,255,413 $95,054,059,303
2001 $7,651,162,302 $73,557,840,064
2000 $7,186,638,029 $69,171,451,627
1999 $6,394,090,592 $59,145,077,039
1998 $6,163,707,533 $218,416,200,673
1997 $5,569,178,707 $200,850,397,618
1996 $4,798,834,459 $185,730,236,700
1995 $4,672,346,194 $140,919,776,986
1994 $4,105,686,899 $80,399,613,064
1993 $4,190,773,622 $56,721,051,402
1992 $4,122,846,905 $52,058,181,854
1991 $3,699,381,195 $59,526,833,412
1990 $3,734,460,117 $54,035,795,388
1989 $4,375,896,552 $44,003,061,108
1988 $4,892,660,944 $49,648,470,440
1987 $5,024,800,000 $52,676,041,931
1986 $4,706,100,000 $54,805,852,581
1985 $4,328,300,000 $73,745,821,158
1984 $4,029,900,000 $73,484,359,521
1983 $3,840,550,000 $97,094,911,792
1982 $3,619,500,000 $142,769,363,314
1981 $3,501,800,000 $164,475,209,516
1980 $3,184,400,000 $64,201,788,123
1979 $2,778,900,000 $47,259,911,894
1978 $2,393,650,000 $36,527,862,209
1977 $1,900,700,000 $36,035,407,725
1976 $1,589,300,000 $36,308,883,249
1975 $1,330,050,000 $27,778,934,625
1974 $1,243,000,000 $24,846,641,318
1973 $1,128,299,436 $15,162,871,287
1972 $1,030,645,362 $12,274,416,018
1971 $958,450,000 $9,181,769,912
1970 $904,400,000 $12,546,094,982
1969 $844,400,000 $6,634,317,346
1968 $815,450,000 $5,200,997,920
1967 $750,950,000 $5,203,237,919
1966 $692,150,000 $6,366,917,453
1965 $651,050,000 $5,874,537,650
1964 $591,100,000 $5,552,931,319
1963 $553,500,000 $5,165,590,254
1962 $532,450,000 $4,909,399,176
1961 $503,300,000 $4,467,287,893
1960 $475,650,000 $4,196,174,502

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

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

GDP per capita in Honduras vs Nigeria by year

Honduras
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $1,224 -
2024 $3,416 $7,486 $1,084 $9,087
2023 $3,227 $7,178 $2,139 $8,705
2022 $3,003 $6,805 $2,899 $8,305
2021 $2,735 $6,203 $2,787 $7,588
2020 $2,308 $5,385 $2,797 $7,415
2019 $2,502 $5,785 $3,190 $7,551
2018 $2,465 $5,633 $2,058 $7,158
2017 $2,413 $5,621 $1,876 $7,037
2016 $2,307 $5,186 $2,070 $7,072
2015 $2,271 $4,846 $2,586 $7,308
2014 $2,180 $4,460 $3,089 $7,396
2013 $2,081 $4,137 $2,873 $7,004
2012 $2,126 $4,016 $2,633 $6,671
2011 $2,074 $3,901 $2,418 $6,585
2010 $1,893 $3,758 $2,202 $6,301
2009 $1,781 $3,656 $1,820 $5,927
2008 $1,732 $3,806 $2,154 $5,607
2007 $1,578 $3,664 $1,816 $5,298
2006 $1,426 $3,438 $1,600 $4,975
2005 $1,305 $3,204 $1,211 $4,678
2004 $1,215 $3,001 $962 $4,381
2003 $1,156 $2,821 $763 $4,015
2002 $1,132 $2,715 $712 $3,770
2001 $1,132 $2,645 $566 $3,309
2000 $1,093 $2,587 $547 $3,139
1999 $999 $2,372 $481 $3,002
1998 $989 $2,152 $1,822 $3,022
1997 $917 $1,959 $1,720 $2,990
1996 $813 $1,617 $1,633 $2,931
1995 $814 $1,329 $1,272 $2,835
1994 $736 $1,074 $745 $2,853
1993 $773 $838 $540 $2,921
1992 $782 $741 $509 $2,991
1991 $722 $684 $597 $2,870
1990 $750 $540 $556 $2,840
1989 $904 - $465 -
1988 $1,039 - $540 -
1987 $1,098 - $588 -
1986 $1,058 - $628 -
1985 $1,001 - $869 -
1984 $960 - $890 -
1983 $942 - $1,207 -
1982 $914 - $1,822 -
1981 $912 - $2,162 -
1980 $854 - $870 -
1979 $769 - $661 -
1978 $683 - $527 -
1977 $559 - $536 -
1976 $482 - $556 -
1975 $417 - $438 -
1974 $401 - $403 -
1973 $375 - $252.4 -
1972 $353 - $209.5 -
1971 $338 - $160.5 -
1970 $329 - $224.5 -
1969 $316 - $121.4 -
1968 $314 - $97.3 -
1967 $298.2 - $99.5 -
1966 $282.9 - $124.4 -
1965 $273.9 - $117.3 -
1964 $255.9 - $113.3 -
1963 $246.6 - $107.7 -
1962 $244 - $104.5 -
1961 $237.3 - $97.1 -
1960 $230.7 - $93.1 -

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

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

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Nigeria ranks 136th at $9,087.

Economic indicators

Honduras Nigeria
Gross domestic product
$39.6B
2025
$291B
2025
GDP rank
104/197
2025
50/197
2025
GDP growth
3.75%
2024-2025
4.01%
2024-2025
GDP per capita
$3,598
2025
$1,224
2025
GDP per capita rank
137/197
2025
172/197
2025
GDP per capita, PPP
$7,486
2024
$9,087
2024
GDP per capita PPP rank
146/197
2024
136/197
2024
Government debt
$16.3B
2025
$103B
2025
Debt-to-GDP ratio
41.2%
2025
35.5%
2025
Government debt per person
$1,483
2025
$434
2025
Government debt per person rank
132/185
2025
170/185
2025
Average annual personal income after taxes
$2,887
2026
$768
2026
Market capitalization of domestic companies n/a
$86.9B
2025
Number of billionaires n/a
4
2026
Income share by richest 10%
32.3%
2024
26.3%
2022
Income share by poorest 10%
1.2%
2024
3%
2022
Government expenditure, % of GDP
24.9%
2025
11.7%
2025
Consumer prices inflation
4.6%
2024-2025
23%
2024-2025
Central bank interest rate
5.75%
2024
26.5%
2026
Unemployment rate
4.85%
2025
3.45%
2024
Population
11279259
245016045

Spending and national debt comparison by year

Honduras
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Honduras Nigeria
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 11.7% 35.5%
2024 25.7% 41.5% 12% 39.3%
2023 27.2% 41.7% 10.4% 36.3%
2022 24% 46.9% 10.6% 29.8%
2021 28.8% 52.7% 9.09% 26.6%
2020 28.4% 53.5% 8.73% 25.7%
2019 25.9% 43.3% 8.87% 21.4%
2018 26.2% 42.4% 9.1% 20.4%
2017 26.9% 41.3% 8.51% 18%
2016 27.4% 39.4% 6.93% 17.4%
2015 26% 38.3% 7.85% 14.9%
2014 26.4% 35.2% 9.49% 15.8%
2013 28% 37.3% 10% 13%
2012 26.4% 27.1% 10.5% 12.5%
2011 25.9% 24.6% 12.3% 12.4%
2010 26.5% 21.8% 11.8% 6.67%
2009 28.4% 23.8% 11% 6.12%
2008 26.4% 22.3% 10.2% 5.17%
2007 24.4% 24% 12.9% 5.76%
2006 24.4% 39.2% 8.75% 6.68%
2005 23.6% 55.6% 12.6% 13.4%
2004 25.5% 60.9% 13% 25.2%
2003 26.4% 67.8% 16.5% 29.9%
2002 26.8% 64.2% 13.8% 30.7%
2001 25.1% 63.4% 21.9% 37.7%
2000 22.1% 65.8% 17.6% 40.9%
1999 23.3% 75.8% 14.9% 46.1%
1998 19.4% 67.4% 11.2% 15.8%
1997 19.4% 70.8% 9.68% 17.1%
1996 18.7% 64.6% 7.87% 17.9%
1995 17.2% 65.4% 8.87% 24.2%
1994 19% 85.5% 12.1% 39.7%
1993 24.5% 111.7% 20% 50.4%
1992 21.6% 123.2% 15.9% 49.8%
1991 20.8% 135.4% 13.6% 53.2%
1990 19.4% 236.5% 14.2% 50.9%
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/nigeria | CC BY

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 35.5% in Nigeria, ranking 128/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Nigeria
1x
Year Deficit/surplus, % of GDP
Honduras Nigeria
2025 -0.74% -1.76%
2024 -1.12% -1.27%
2023 -1.96% -3.12%
2022 1.57% -4%
2021 -3.17% -3.97%
2020 -4.58% -4.03%
2019 0.09% -3.31%
2018 0.2% -3.06%
2017 -0.41% -3.85%
2016 -0.4% -3.3%
2015 -0.78% -2.7%
2014 -2.81% -1.72%
2013 -5.48% -1.89%
2012 -3.48% -0.09%
2011 -2.94% 0.31%
2010 -3.37% -2.96%
2009 -4.86% -3.78%
2008 -0.27% 4.05%
2007 -0.25% -0.79%
2006 -1.36% 6.22%
2005 -0.03% 3.49%
2004 -2.48% 3.9%
2003 -5.09% -1.56%
2002 -5.02% 0.95%
2001 -3.12% -2.29%
2000 1.51% 2.89%
1999 1.38% -1.39%
1998 2.89% -3.47%
1997 0.08% 1.14%
1996 0.13% 3.37%
1995 -0.24% 2.52%
1994 -0.97% -2.96%
1993 -5.21% -6.07%
1992 -1.49% 0.94%
1991 -2.16% -1.18%
1990 -2.15% -0.48%
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/nigeria | CC BY

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 36 years, Honduras recorded a fiscal deficit in 28 of those years, while Nigeria ran a deficit in 25 years. On average, Honduras posted an annual deficit equal to 1.61% of GDP, compared to deficit of 0.98% of GDP for Nigeria.

Inflation comparison by year

Inflation
Honduras

Nigeria
1x
Year Consumer prices inflation
Honduras Nigeria
2025 4.6% 23%
2024 4.61% 33.2%
2023 6.66% 24.7%
2022 9.09% 18.8%
2021 4.48% 17%
2020 3.47% 13.2%
2019 4.37% 11.4%
2018 4.35% 12.1%
2017 3.93% 16.5%
2016 2.72% 15.7%
2015 3.16% 9.01%
2014 6.13% 8.05%
2013 5.16% 8.5%
2012 5.2% 12.2%
2011 6.76% 10.8%
2010 4.7% 13.7%
2009 5.5% 12.5%
2008 11.4% 11.6%
2007 6.94% 5.39%
2006 5.58% 8.23%
2005 8.81% 17.9%
2004 8.11% 15%
2003 7.67% 14%
2002 7.69% 12.9%
2001 9.67% 18.9%
2000 11% 6.93%
1999 11.7% 6.62%
1998 13.7% 10%
1997 20.2% 8.53%

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

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

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 13.7% in Nigeria. In 2025, inflation was 4.6% in Honduras and 23% in Nigeria.

Top exports between countries

Honduras
Export category Export value
Machinery & equipment $76K
Processed food, beverages & tobacco $12K
Animal & marine products $3K
Textiles & consumer goods $2K
Nigeria
Export category Export value
Raw agricultural goods $644K
Textiles & consumer goods $20K

Balance of trade

Honduras Nigeria
Current account balance
$936M
2025
$14B
2025
Current account balance ranking
50/190
2025
21/190
2025
Current account balance, % of GDP
+2.36%
2025
+4.83%
2025
Goods imports
$15.4B
2025
$43B
2025
Goods exports
$6.88B
2025
$57.5B
2025
Service imports
$4.1B
2025
$19.6B
2025
Service exports
$3.89B
2025
$5.06B
2025
Imports of goods and services, % of GDP
56.5%
2025
16.9%
1960
Exports of goods and services, % of GDP
35%
2025
9.24%
1960

Economic freedom indices

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

Honduras Nigeria
Economic freedom 59.1 54.8
Economic freedom ranking 105/197 132/197
Property rights 35.7 29.7
Government integrity 24.6 23.5
Judicial effectiveness 27.6 34.4
Tax burden 83.1 84.6
Government spending 80.3 96.3
Fiscal health 95.2 83.5
Business freedom 59.4 50.3
Labor freedom 37.9 75.4
Monetary freedom 70.1 56.1
Trade freedom 69.8 64.4
Investment freedom 65 30
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Nigeria
1x
Year Economic freedom index
Honduras Nigeria
2026 59.1 54.8
2025 59.6 53.4
2024 58.6 53.1
2023 58.7 53.9
2022 59.5 54.4
2021 59.8 58.7
2020 61.1 57.2
2019 60.2 57.3
2018 60.6 58.5
2017 58.8 57.1
2016 57.7 57.5
2015 57.4 55.6
2014 57.1 54.3
2013 58.4 55.1
2012 58.8 56.3
2011 58.6 56.7
2010 58.3 56.8
2009 58.7 55.1
2008 58.9 55.1
2007 59.1 55.6
2006 57.4 48.7
2005 55.3 48.4
2004 55.3 49.2
2003 60.4 49.5
2002 58.7 50.9
2001 57 49.6
2000 57.6 53.1
1999 56.7 55.7
1998 56.2 52.3
1997 56 52.8
1996 56.6 47.4
1995 57 47.3

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Nigeria
Services, % of GDP
57.6%
2025
58.2%
2025
Industry, % of GDP
25.4%
2025
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
23%
2025
GNI, Atlas method
$36B
2025
$324B
2025
GNI per capita, PPP
$7,270
2025
$9,230
2025
Total reserves including gold
$10.2B
2025
$46B
2025
Total reserves ranking
78/177
2025
52/177
2025
Net foreign direct investment
-$810M
2025
-$2.82B
2025
Net inflows of foreign direct investment
$478M
2024
$1.61B
2024
Net outflows of foreign direct investment
-$49.4M
2024
$408M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
5.46%
2024
Poverty at national poverty lines
60.1%
2025
56.2%
2023
Gross capital formation, % of GDP
24.2%
2025
n/a

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/nigeria | 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 (2020–2024, 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.