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Economy of Honduras vs North Korea compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $34.9B for North Korea, ranking 104/197 and 106/197 by economy size, respectively.

Honduras vs North Korea GDP by year

Honduras
North Korea
1x
Year GDP, current $
Honduras North Korea
2024 $37,093,565,854 $34,943,120,000
2023 $34,355,805,528 $32,155,360,000
2022 $31,426,041,807 $28,971,360,000
2021 $28,144,331,507 $32,301,720,000
2020 $23,352,232,484 $27,728,240,000
2019 $24,882,225,742 $28,222,880,000
2018 $24,067,750,760 $28,536,400,000
2017 $23,136,247,991 $29,105,440,000
2016 $21,717,604,952 $28,882,640,000
2015 $20,979,791,685 $30,723,030,000
2014 $19,756,533,972 $30,554,460,000
2013 $18,499,729,215 $30,588,922,000
2012 $18,528,554,398 $29,890,710,000
2011 $17,710,275,685 $29,005,020,000
2010 $15,839,344,592 $25,995,513,000
2009 $14,587,496,229 $23,356,470,000
2008 $13,881,731,876 -
2007 $12,361,257,681 -
2006 $10,917,477,066 -
2005 $9,757,012,697 -
2004 $8,869,299,234 -
2003 $8,230,391,347 -
2002 $7,858,255,413 -
2001 $7,651,162,302 -
2000 $7,186,638,029 -
1999 $6,394,090,592 -
1998 $6,163,707,533 -
1997 $5,569,178,707 -
1996 $4,798,834,459 -
1995 $4,672,346,194 -
1994 $4,105,686,899 -
1993 $4,190,773,622 -
1992 $4,122,846,905 -
1991 $3,699,381,195 -
1990 $3,734,460,117 -
1989 $4,375,896,552 -
1988 $4,892,660,944 -
1987 $5,024,800,000 -
1986 $4,706,100,000 -
1985 $4,328,300,000 -
1984 $4,029,900,000 -
1983 $3,840,550,000 -
1982 $3,619,500,000 -
1981 $3,501,800,000 -
1980 $3,184,400,000 -
1979 $2,778,900,000 -
1978 $2,393,650,000 -
1977 $1,900,700,000 -
1976 $1,589,300,000 -
1975 $1,330,050,000 -
1974 $1,243,000,000 -
1973 $1,128,299,436 -
1972 $1,030,645,362 -
1971 $958,450,000 -
1970 $904,400,000 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/honduras/north-korea | CC BY

GDP per capita in Honduras vs North Korea by year

Honduras
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $1,319 -
2023 $3,227 $7,178 $1,217 -
2022 $3,003 $6,805 $1,100 -
2021 $2,735 $6,203 $1,231 -
2020 $2,308 $5,385 $1,061 -
2019 $2,502 $5,785 $1,084 -
2018 $2,465 $5,633 $1,100 -
2017 $2,413 $5,621 $1,127 -
2016 $2,307 $5,186 $1,124 -
2015 $2,271 $4,846 $1,201 $1,700
2014 $2,180 $4,460 $1,201 $1,800
2013 $2,081 $4,137 $1,208 -
2012 $2,126 $4,016 $1,186 -
2011 $2,074 $3,901 $1,156 $1,800
2010 $1,893 $3,758 $1,040 -
2009 $1,781 $3,656 $939 $1,800
2008 $1,732 $3,806 - $1,800
2007 $1,578 $3,664 - $1,700
2006 $1,426 $3,438 - $1,800
2005 $1,305 $3,204 - $1,700
2004 $1,215 $3,001 - $1,700
2003 $1,156 $2,821 - $1,300
2002 $1,132 $2,715 - $1,000
2001 $1,132 $2,645 - -
2000 $1,093 $2,587 - $1,000
1999 $999 $2,372 - $1,000
1998 $989 $2,152 - -
1997 $917 $1,959 - -
1996 $813 $1,617 - -
1995 $814 $1,329 - -
1994 $736 $1,074 - -
1993 $773 $838 - -
1992 $782 $741 - -
1991 $722 $684 - -
1990 $750 $540 - -
1989 $904 - - -
1988 $1,039 - - -
1987 $1,098 - - -
1986 $1,058 - - -
1985 $1,001 - - -
1984 $960 - - -
1983 $942 - - -
1982 $914 - - -
1981 $912 - - -
1980 $854 - - -
1979 $769 - - -
1978 $683 - - -
1977 $559 - - -
1976 $482 - - -
1975 $417 - - -
1974 $401 - - -
1973 $375 - - -
1972 $353 - - -
1971 $338 - - -
1970 $329 - - -
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 (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/honduras/north-korea | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while North Korea ranks 193rd at $1,700.

Economic indicators

Honduras North Korea
Gross domestic product
$37.1B
2024
$34.9B
2024
GDP rank
104/197
2024
106/197
2024
GDP growth
3.55%
2023-2024
n/a
GDP per capita
$3,426
2024
$1,319
2024
GDP per capita rank
136/197
2024
168/197
2024
GDP per capita, PPP
$7,486
2024
$1,700
2015
GDP per capita PPP rank
146/197
2024
193/197
2015
Government debt
$17.5B
2024
n/a
Debt-to-GDP ratio
47.1%
2024
n/a
Government debt per person
$1,613
2024
n/a
Government debt per person rank
126/185
2024
n/a
Average annual personal income after taxes
$4,901
2026
$1,426
2026
Income share by richest 10%
32.3%
2024
n/a
Income share by poorest 10%
1.2%
2024
n/a
Government expenditure, % of GDP
25.7%
2024
n/a
Consumer prices inflation
4.61%
2023-2024
n/a
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
25.6%
2013
Population
11237619
26659144

Top exports between countries

Honduras
Export category Export value
Raw agricultural goods $975K
Machinery & equipment $4K
Processed food, beverages & tobacco $3K
Textiles & consumer goods $2K
North Korea
Export category Export value
Machinery & equipment $143K
Chemicals & pharma $16K
Textiles & consumer goods $16K
Raw materials & minerals $6K
Processed food, beverages & tobacco $4K
Metals $3K
Wood & paper products $3K

Balance of trade

Honduras North Korea
Current account balance
-$1.65B
2024
n/a
Current account balance ranking
137/190
2024
n/a
Current account balance, % of GDP
-4.45%
2024
n/a
Goods imports
$14.6B
2024
n/a
Goods exports
$5.67B
2024
n/a
Service imports
$3.67B
2024
n/a
Service exports
$3.75B
2024
n/a
Imports of goods and services, % of GDP
57.6%
2024
n/a
Exports of goods and services, % of GDP
33.5%
2024
n/a

Economic freedom indices

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

Honduras North Korea
Economic freedom 59.1 3.1
Economic freedom ranking 105/197 197/197
Property rights 35.7 16.3
Government integrity 24.6 4.3
Judicial effectiveness 27.6 6.3
Tax burden 83.1 0
Government spending 80.3 0
Fiscal health 95.2 0
Business freedom 59.4 5
Labor freedom 37.9 5
Monetary freedom 70.1 0
Trade freedom 69.8 0
Investment freedom 65 0
Financial freedom 60 0

Economic freedom comparison by year

Honduras
North Korea
1x
Year Economic freedom index
Honduras North Korea
2026 59.1 3.1
2025 59.6 3
2024 58.6 2.9
2023 58.7 2.9
2022 59.5 3
2021 59.8 5.2
2020 61.1 4.2
2019 60.2 5.9
2018 60.6 5.8
2017 58.8 4.9
2016 57.7 2.3
2015 57.4 1.3
2014 57.1 1
2013 58.4 1.5
2012 58.8 1
2011 58.6 1
2010 58.3 1
2009 58.7 2
2008 58.9 3
2007 59.1 3
2006 57.4 4
2005 55.3 8
2004 55.3 8.9
2003 60.4 8.9
2002 58.7 8.9
2001 57 8.9
2000 57.6 8.9
1999 56.7 8.9
1998 56.2 8.9
1997 56 8.9
1996 56.6 8.9
1995 57 8.9

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

GeoRank.org/economy/honduras/north-korea | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras North Korea
Services, % of GDP
58.4%
2024
n/a
Industry, % of GDP
26.1%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
n/a
GNI, Atlas method
$32.7B
2024
n/a
GNI per capita, PPP
$6,900
2024
n/a
Total reserves including gold
$8.04B
2024
n/a
Total reserves ranking
84/177
2024
n/a
Net foreign direct investment
-$620M
2024
n/a
Net inflows of foreign direct investment
$1.31B
2024
$203K
1989
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
n/a
Gross capital formation, % of GDP
22.5%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.