Honduras vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Honduras ranked 112th with $24B. By GDP 5-years average growth and GDP per capita, Norway and Honduras ranked 142nd vs 57th and 5th vs 141st, respectively.

Gross Domestic Product & Income

StatHondurasNorway
GDP$24B$434.2B
GDP growth, 1 year3.7%1.4%
GDP growth, 5-years average3.9%1.7%
Population9.3M5.4M
GDP per capita$2.5k$82k
GDP per capita growth2.03%0.58%
Purchasing Power Parity conversion factor11.6310.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.491.25
GDP per capita, PPP adjusted$5.2k$74k
GNI, Atlas method$22.5B$428.4B
GNI per capita$2.4k$81k
GNI, PPP adjusted$46B$363B
GNI per capita, PPP adjusted$4.8k$68k

Financial system and Human development

StatHondurasNorway
Income Tax Rate25%47.8%
Corporate Tax Rate25%22%
Inflation, consumer prices4.3%2.8%
Inflation, GDP deflator1.8%5.8%
Unemployment4.1%3.9%
Economic Freedom Index61.173.4
Personal Freedom Index6.959.55
Human Freedom Index7.138.61
Property Rights Index48.684.3
Judical Effectiveness Index34.282.8
Business Freedom Index56.786.1
Fiscal Health Index96.797.3
Labor Freedom Index31.557.4
Investment Freedom Index6575
Financial Freedom Index6060
Trade Freedom Index79.483.8
Monetary Freedom Index72.274.8
Government Spending Index78.225.6
Tax Burden Index82.357.7
Government Integrity Index28.695.6
Corruption Perceptions Index2984
Life expectancy at birth, years74.982.5
Suicide mortality rate, per 100,000 people2.912.2
Mortality caused by road traffic injury, per 100,000 people16.72.7
Intentional homicides, per 100,000 people41.70.5
International tourism, number of arrivals851k5.7M

Government debt & reserves

StatHondurasNorway
Central government debt, % of GDP40.3%36.8%
External debt stocks, % of GNI43.7%N/A
External debt stocks$9.7BN/A
Short-term debt, % of total reserves14.7%N/A
Total debt service, % of exports and primary income28.1%N/A
Adjusted net savings including particulate emission damage, % of GNI19.5%16.9%
Gross savings, % of GDP20.8%35.9%
Gross capital formation, % of GDP25.5%27.3%
Total reserves including gold$4.8B$63.1B
Foreign direct investment net inflows$1.4B-$17.4B

Exports, imports and economic structure

StatHondurasNorway
Exports of goods and services, % of GDP41.8%38.4%
Imports of goods and services, % of GDP60.4%32.6%
Current account balance (balance of payments)-$1.3B$31.4B
Revenue excluding grants, % of GDP23.4%47.4%
Grants excluding technical cooperation, BoP$302.7MN/A
Personal remittances received$4.8B$644.3M
Industry including construction value added, % of GDP26.8%32%
Agriculture, forestry and fishing value added, % of GDP11.8%1.9%
Charges for the use of intellectual property, payments BoP$57.8M$768.9M
Charges for the use of intellectual property, receipts BoP$811k$515.2M
Expense, % of GDP22%37.7%
Government Expenditure, % of GDP26.9%49.8%

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
Nicaragua
$2k
6.22M
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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k