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Economy of Honduras vs Oman compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $107B for Oman, ranking 104/197 and 70/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $38B (35.5% of GDP) in Oman.

Honduras vs Oman GDP by year

Honduras
Oman
1x
Year GDP, current $
Honduras Oman
2024 $37,093,565,854 $107,137,198,769
2023 $34,355,805,528 $106,174,708,037
2022 $31,426,041,807 $109,852,795,839
2021 $28,144,331,507 $87,323,797,139
2020 $23,352,232,484 $75,909,492,848
2019 $24,882,225,742 $88,060,858,257
2018 $24,067,750,760 $91,505,851,756
2017 $23,136,247,991 $80,856,697,009
2016 $21,717,604,952 $75,128,738,622
2015 $20,979,791,685 $78,710,793,238
2014 $19,756,533,972 $92,699,089,727
2013 $18,499,729,215 $89,936,020,806
2012 $18,528,554,398 $87,408,842,653
2011 $17,710,275,685 $77,497,529,259
2010 $15,839,344,592 $64,993,498,049
2009 $14,587,496,229 $55,454,096,229
2008 $13,881,731,876 $69,804,681,404
2007 $12,361,257,681 $48,300,390,117
2006 $10,917,477,066 $42,577,633,290
2005 $9,757,012,697 $35,506,892,068
2004 $8,869,299,234 $28,378,933,680
2003 $8,230,391,347 $24,733,680,104
2002 $7,858,255,413 $23,065,539,662
2001 $7,651,162,302 $22,205,721,717
2000 $7,186,638,029 $22,259,557,867
1999 $6,394,090,592 $17,832,769,831
1998 $6,163,707,533 $16,044,213,264
1997 $5,569,178,707 $18,039,791,938
1996 $4,798,834,459 $17,402,080,624
1995 $4,672,346,194 $15,722,236,671
1994 $4,105,686,899 $14,715,214,564
1993 $4,190,773,622 $14,230,429,129
1992 $4,122,846,905 $14,183,615,085
1991 $3,699,381,195 $12,918,335,501
1990 $3,734,460,117 $13,310,273,082
1989 $4,375,896,552 $9,372,171,651
1988 $4,892,660,944 $8,386,215,865
1987 $5,024,800,000 $7,811,183,095
1986 $4,706,100,000 $7,324,167,369
1985 $4,328,300,000 $10,005,645,420
1984 $4,029,900,000 $8,821,443,151
1983 $3,840,550,000 $7,932,541,691
1982 $3,619,500,000 $7,554,719,456
1981 $3,501,800,000 $7,259,120,151
1980 $3,184,400,000 $5,981,760,278
1979 $2,778,900,000 $3,733,352,635
1978 $2,393,650,000 $2,740,301,390
1977 $1,900,700,000 $2,741,169,948
1976 $1,589,300,000 $2,560,220,035
1975 $1,330,050,000 $2,096,699,189
1974 $1,243,000,000 $1,645,917,776
1973 $1,128,299,436 $483,066,991
1972 $1,030,645,362 $366,883,548
1971 $958,450,000 $301,010,587
1970 $904,400,000 $256,319,795
1969 $844,400,000 $239,999,808
1968 $815,450,000 $188,879,849
1967 $750,950,000 $107,151,832
1966 $692,150,000 $67,759,973
1965 $651,050,000 $63,279,975
1964 $591,100,000 $61,872,526
1963 $553,500,000 $59,912,763
1962 $532,450,000 $56,273,202
1961 $503,300,000 $45,634,487
1960 $475,650,000 $44,234,656

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

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

GDP per capita in Honduras vs Oman by year

Honduras
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $20,285 $41,740
2023 $3,227 $7,178 $21,028 $41,945
2022 $3,003 $6,805 $23,224 $42,616
2021 $2,735 $6,203 $19,403 $38,719
2020 $2,308 $5,385 $16,785 $35,163
2019 $2,502 $5,785 $19,180 $37,251
2018 $2,465 $5,633 $19,902 $37,780
2017 $2,413 $5,621 $17,820 $33,619
2016 $2,307 $5,186 $17,110 $33,334
2015 $2,271 $4,846 $18,808 $36,058
2014 $2,180 $4,460 $23,161 $44,236
2013 $2,081 $4,137 $23,458 $47,013
2012 $2,126 $4,016 $24,642 $49,989
2011 $2,074 $3,901 $25,188 $52,393
2010 $1,893 $3,758 $23,570 $55,667
2009 $1,781 $3,656 $20,656 $55,127
2008 $1,732 $3,806 $26,577 $52,841
2007 $1,578 $3,664 $18,793 $48,627
2006 $1,426 $3,438 $16,931 $46,091
2005 $1,305 $3,204 $14,435 $43,673
2004 $1,215 $3,001 $11,801 $42,142
2003 $1,156 $2,821 $10,464 $40,935
2002 $1,132 $2,715 $9,869 $41,511
2001 $1,132 $2,645 $9,612 $41,679
2000 $1,093 $2,587 $9,754 $39,443
1999 $999 $2,372 $7,915 $36,792
1998 $989 $2,152 $7,219 $36,666
1997 $917 $1,959 $8,235 $36,809
1996 $813 $1,617 $8,068 $34,661
1995 $814 $1,329 $7,414 $33,598
1994 $736 $1,074 $7,068 $31,925
1993 $773 $838 $7,039 $30,987
1992 $782 $741 $7,318 $29,773
1991 $722 $684 $6,977 $28,109
1990 $750 $540 $7,546 $26,904
1989 $904 - $5,591 -
1988 $1,039 - $5,279 -
1987 $1,098 - $5,204 -
1986 $1,058 - $5,182 -
1985 $1,001 - $7,549 -
1984 $960 - $7,070 -
1983 $942 - $6,714 -
1982 $914 - $6,759 -
1981 $912 - $6,866 -
1980 $854 - $5,974 -
1979 $769 - $3,934 -
1978 $683 - $3,044 -
1977 $559 - $3,205 -
1976 $482 - $3,143 -
1975 $417 - $2,692 -
1974 $401 - $2,203 -
1973 $375 - $670 -
1972 $353 - $524 -
1971 $338 - $442 -
1970 $329 - $387 -
1969 $316 - $372 -
1968 $314 - $300 -
1967 $298.2 - $174.7 -
1966 $282.9 - $113.2 -
1965 $273.9 - $108.1 -
1964 $255.9 - $108.1 -
1963 $246.6 - $106.8 -
1962 $244 - $102.3 -
1961 $237.3 - $84.5 -
1960 $230.7 - $83.4 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Oman ranks 55th at $41,740.

Economic indicators

Honduras Oman
Gross domestic product
$37.1B
2024
$107B
2024
GDP rank
104/197
2024
70/197
2024
GDP growth
3.55%
2023-2024
1.63%
2023-2024
GDP per capita
$3,426
2024
$20,285
2024
GDP per capita rank
136/197
2024
57/197
2024
GDP per capita, PPP
$7,486
2024
$41,740
2024
GDP per capita PPP rank
146/197
2024
55/197
2024
Government debt
$17.5B
2024
$38B
2024
Debt-to-GDP ratio
47.1%
2024
35.5%
2024
Government debt per person
$1,613
2024
$7,204
2024
Government debt per person rank
126/185
2024
67/185
2024
Average annual personal income after taxes
$4,901
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
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
28.7%
2024
Consumer prices inflation
4.61%
2023-2024
0.6%
2023-2024
Central bank interest rate
5.75%
2024
4.5%
2025
Unemployment rate
4.91%
2024
3.3%
2024
Population
11237619
5761708

Spending and national debt comparison by year

Honduras
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Honduras Oman
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 28.7% 35.5%
2023 27.2% 47.9% 27.5% 37.5%
2022 24% 51% 30.9% 41.7%
2021 28.8% 50.3% 36.5% 61.9%
2020 28.4% 52.5% 44.5% 67.9%
2019 25.9% 44.1% 38.8% 52.5%
2018 26.2% 43.5% 38.3% 44.7%
2017 26.9% 43.6% 39.4% 40.1%
2016 27.4% 40.3% 44.6% 29.3%
2015 26% 42.3% 44.5% 13.9%
2014 26.4% 43% 41.4% 4.04%
2013 28% 42.1% 39.3% 4.66%
2012 26.4% 32.4% 38.6% 4.59%
2011 25.9% 31.5% 34.5% 4.44%
2010 26.5% 28.9% 30.6% 5.46%
2009 28.4% 23.8% 33.4% 5.8%
2008 26.4% 22.3% 25.6% 3.2%
2007 24.4% 24% 30.7% 4.44%
2006 24.4% 39.2% 30.1% 7.56%
2005 23.6% 55.6% 30.6% 8.39%
2004 25.5% 60.9% 34.1% 14.5%
2003 26.4% 67.8% 34% 13%
2002 26.8% 64.2% 34.1% 15.9%
2001 25.1% 63.4% 33.3% 22.5%
2000 22.1% 65.8% 31.2% 21.7%
1999 23.3% 75.8% 34.2% 28.9%
1998 19.4% 67.4% 36.1% 30.9%
1997 19.4% 70.8% 32.1% 20.8%
1996 18.7% 64.6% 33.5% 21.2%
1995 17.2% 65.4% 38.2% 21.9%
1994 19.2% 86.4% 39.7% 23.6%
1993 23.7% 108% 40.1% 22.2%
1992 20.5% 116.5% 40.1% 23.1%
1991 18.8% 122.2% 37.4% 22.6%
1990 16.4% 200.3% 36.5% 17.8%
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/oman | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 35.5% in Oman, ranking 115/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Oman
1x
Year Deficit/surplus, % of GDP
Honduras Oman
2024 -1.12% 3.31%
2023 -1.96% 6.87%
2022 1.57% 10.5%
2021 -3.17% -3.17%
2020 -4.58% -15.7%
2019 0.09% -4.83%
2018 0.2% -6.72%
2017 -0.41% -10.5%
2016 -0.4% -19.6%
2015 -0.78% -13.5%
2014 -2.81% -1.58%
2013 -5.48% 2.78%
2012 -3.48% 4.07%
2011 -2.94% 8.24%
2010 -3.37% 4.95%
2009 -4.86% -0.27%
2008 -0.27% 14.7%
2007 -0.25% 10.5%
2006 -1.36% 12.2%
2005 -0.03% 11.2%
2004 -2.48% 5.43%
2003 -5.09% 5.92%
2002 -5.02% 5.31%
2001 -3.12% 7.55%
2000 1.51% 12.2%
1999 1.38% 0.3%
1998 2.89% -4.37%
1997 0.08% 4.77%
1996 0.13% 2.22%
1995 -0.24% -3.9%
1994 -0.98% -7.47%
1993 -5.03% -6.84%
1992 -1.41% -4.85%
1991 -1.95% 0.12%
1990 -1.82% 4.78%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

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

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 35 years, Honduras recorded a fiscal deficit in 27 of those years, while Oman ran a deficit in 14 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to surplus of 0.99% of GDP for Oman.

Inflation comparison by year

Inflation
Honduras

Oman
1x
Year Consumer prices inflation
Honduras Oman
2024 4.61% 0.6%
2023 6.66% 1%
2022 9.09% 2.5%
2021 4.48% 1.7%
2020 3.47% -0.4%
2019 4.37% 0.5%
2018 4.35% 0.7%
2017 3.93% 1.5%
2016 2.72% 0.9%
2015 3.16% 0.1%
2014 6.13% 1.2%
2013 5.16% 1.3%
2012 5.2% 2.9%
2011 6.76% 4.1%
2010 4.7% 3.3%
2009 5.5% 3.5%
2008 11.4% 12.6%
2007 6.94% 5.9%
2006 5.58% 3.2%
2005 8.81% 1.9%
2004 8.11% 0.8%
2003 7.67% 0.2%
2002 7.69% -0.3%
2001 9.67% -0.8%
2000 11% -1.2%
1999 11.7% 0.5%
1998 13.7% 0.4%
1997 20.2% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 1.72% in Oman. In 2024, inflation was 4.61% in Honduras and 0.6% in Oman.

Top exports between countries

Honduras
Export category Export value
Raw materials & minerals $388K
Oman
Export category Export value
Chemicals & pharma $841K
Textiles & consumer goods $80K
Machinery & equipment $5K
Miscellaneous $1K

Balance of trade

Honduras Oman
Current account balance
-$1.65B
2024
$3.07B
2024
Current account balance ranking
137/190
2024
39/190
2024
Current account balance, % of GDP
-4.45%
2024
+2.86%
2024
Goods imports
$14.6B
2024
$39.5B
2024
Goods exports
$5.67B
2024
$65.2B
2024
Service imports
$3.67B
2024
$12.8B
2024
Service exports
$3.75B
2024
$5.64B
2024
Imports of goods and services, % of GDP
57.6%
2024
48.8%
2024
Exports of goods and services, % of GDP
33.5%
2024
66.1%
2024

Economic freedom indices

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

Honduras Oman
Economic freedom 59.1 68.5
Economic freedom ranking 105/197 45/197
Property rights 35.7 71.8
Government integrity 24.6 49.4
Judicial effectiveness 27.6 28
Tax burden 83.1 97.6
Government spending 80.3 74.7
Fiscal health 95.2 97.5
Business freedom 59.4 67.8
Labor freedom 37.9 47.7
Monetary freedom 70.1 79.2
Trade freedom 69.8 78.4
Investment freedom 65 70
Financial freedom 60 60

Economic freedom comparison by year

Honduras
Oman
1x
Year Economic freedom index
Honduras Oman
2026 59.1 68.5
2025 59.6 65.4
2024 58.6 62.9
2023 58.7 58.5
2022 59.5 56.6
2021 59.8 64.6
2020 61.1 63.6
2019 60.2 61
2018 60.6 61
2017 58.8 62.1
2016 57.7 67.1
2015 57.4 66.7
2014 57.1 67.4
2013 58.4 68.1
2012 58.8 67.9
2011 58.6 69.8
2010 58.3 67.7
2009 58.7 67
2008 58.9 67.3
2007 59.1 65.8
2006 57.4 63.7
2005 55.3 66.5
2004 55.3 66.9
2003 60.4 64.6
2002 58.7 64
2001 57 67.7
2000 57.6 64.1
1999 56.7 64.9
1998 56.2 64.9
1997 56 64.5
1996 56.6 65.4
1995 57 70.2

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Oman
Services, % of GDP
58.4%
2024
46%
2024
Industry, % of GDP
26.1%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.6%
2024
GNI, Atlas method
$32.7B
2024
$103B
2024
GNI per capita, PPP
$6,900
2024
$39,340
2024
Total reserves including gold
$8.04B
2024
$18.3B
2024
Total reserves ranking
84/177
2024
64/177
2024
Net foreign direct investment
-$620M
2024
-$12.6B
2024
Net inflows of foreign direct investment
$1.31B
2024
$12.5B
2024
Net outflows of foreign direct investment
$689M
2024
-$143M
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
24.8%
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/oman | 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. TradeMap (2020–2023, retrieved 2026-02-08)
  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.