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Economy of Honduras vs Qatar compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $219B for Qatar, ranking 104/197 and 56/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Honduras vs Qatar GDP by year

Honduras
Qatar
1x
Year GDP, current $
Honduras Qatar
2024 $37,093,565,854 $219,162,637,363
2023 $34,355,805,528 $217,308,516,484
2022 $31,426,041,807 $235,709,340,659
2021 $28,144,331,507 $179,732,142,857
2020 $23,352,232,484 $144,411,538,462
2019 $24,882,225,742 $176,371,428,571
2018 $24,067,750,760 $183,335,164,835
2017 $23,136,247,991 $161,099,175,824
2016 $21,717,604,952 $151,732,142,857
2015 $20,979,791,685 $161,739,835,165
2014 $19,756,533,972 $206,224,725,275
2013 $18,499,729,215 $198,727,747,253
2012 $18,528,554,398 $186,833,516,484
2011 $17,710,275,685 $167,775,274,725
2010 $15,839,344,592 $123,627,197,802
2009 $14,587,496,229 $97,798,351,648
2008 $13,881,731,876 $115,270,054,945
2007 $12,361,257,681 $79,712,087,912
2006 $10,917,477,066 $60,882,142,857
2005 $9,757,012,697 $44,530,494,505
2004 $8,869,299,234 $31,734,065,934
2003 $8,230,391,347 $23,533,791,209
2002 $7,858,255,413 $19,363,736,264
2001 $7,651,162,302 $17,538,461,538
2000 $7,186,638,029 $17,759,890,110
1999 $6,394,090,592 $12,393,131,868
1998 $6,163,707,533 $10,255,495,027
1997 $5,569,178,707 $11,297,802,115
1996 $4,798,834,459 $9,059,340,385
1995 $4,672,346,194 $8,137,911,978
1994 $4,105,686,899 $7,374,450,769
1993 $4,190,773,622 $7,156,593,654
1992 $4,122,846,905 $7,646,153,984
1991 $3,699,381,195 $6,883,516,484
1990 $3,734,460,117 $7,360,439,423
1989 $4,375,896,552 $6,487,912,088
1988 $4,892,660,944 $6,038,187,033
1987 $5,024,800,000 $5,446,428,681
1986 $4,706,100,000 $5,053,021,951
1985 $4,328,300,000 $6,153,296,456
1984 $4,029,900,000 $6,704,395,824
1983 $3,840,550,000 $6,467,582,308
1982 $3,619,500,000 $7,596,703,214
1981 $3,501,800,000 $8,661,263,764
1980 $3,184,400,000 $7,829,165,262
1979 $2,778,900,000 $5,632,962,997
1978 $2,393,650,000 $4,052,000,413
1977 $1,900,700,000 $3,617,564,638
1976 $1,589,300,000 $3,284,273,987
1975 $1,330,050,000 $2,512,773,166
1974 $1,243,000,000 $2,401,403,227
1973 $1,128,299,436 $793,885,560
1972 $1,030,645,362 $510,262,500
1971 $958,450,000 $387,703,106
1970 $904,400,000 $301,791,302
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/qatar | CC BY

GDP per capita in Honduras vs Qatar by year

Honduras
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $76,689 $126,046
2023 $3,227 $7,178 $81,817 $129,368
2022 $3,003 $6,805 $88,701 $122,921
2021 $2,735 $6,203 $71,752 $116,833
2020 $2,308 $5,385 $51,684 $82,149
2019 $2,502 $5,785 $66,841 $107,503
2018 $2,465 $5,633 $71,040 $110,033
2017 $2,413 $5,621 $63,280 $99,358
2016 $2,307 $5,186 $61,254 $89,935
2015 $2,271 $4,846 $68,985 $102,546
2014 $2,180 $4,460 $95,841 $148,389
2013 $2,081 $4,137 $103,697 $169,203
2012 $2,126 $4,016 $108,470 $180,939
2011 $2,074 $3,901 $103,262 $174,620
2010 $1,893 $3,758 $76,463 $151,646
2009 $1,781 $3,656 $60,786 $125,898
2008 $1,732 $3,806 $80,781 $126,015
2007 $1,578 $3,664 $65,954 $124,056
2006 $1,426 $3,438 $62,582 $127,181
2005 $1,305 $3,204 $53,950 $115,250
2004 $1,215 $3,001 $41,036 $110,958
2003 $1,156 $2,821 $31,602 $94,120
2002 $1,132 $2,715 $27,227 $93,177
2001 $1,132 $2,645 $25,871 $89,805
2000 $1,093 $2,587 $27,535 $88,849
1999 $999 $2,372 $20,234 $84,690
1998 $989 $2,152 $17,665 $84,486
1997 $917 $1,959 $20,523 $79,219
1996 $813 $1,617 $17,125 $62,331
1995 $814 $1,329 $15,823 $60,321
1994 $736 $1,074 $14,765 $59,415
1993 $773 $838 $14,770 $59,125
1992 $782 $741 $16,280 $60,387
1991 $722 $684 $15,133 $54,759
1990 $750 $540 $16,722 $55,659
1989 $904 - $15,243 -
1988 $1,039 - $14,682 -
1987 $1,098 - $13,719 -
1986 $1,058 - $13,213 -
1985 $1,001 - $16,815 -
1984 $960 - $19,272 -
1983 $942 - $19,616 -
1982 $914 - $24,385 -
1981 $912 - $29,505 -
1980 $854 - $28,375 -
1979 $769 - $21,777 -
1978 $683 - $16,757 -
1977 $559 - $16,058 -
1976 $482 - $15,710 -
1975 $417 - $13,014 -
1974 $401 - $13,540 -
1973 $375 - $4,905 -
1972 $353 - $3,483 -
1971 $338 - $2,952 -
1970 $329 - $2,594 -
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).

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Qatar ranks 5th at $126,046.

Economic indicators

Honduras Qatar
Gross domestic product
$37.1B
2024
$219B
2024
GDP rank
104/197
2024
56/197
2024
GDP growth
3.55%
2023-2024
2.36%
2023-2024
GDP per capita
$3,426
2024
$76,689
2024
GDP per capita rank
136/197
2024
11/197
2024
GDP per capita, PPP
$7,486
2024
$126,046
2024
GDP per capita PPP rank
146/197
2024
5/197
2024
Government debt
$17.5B
2024
$90.2B
2024
Debt-to-GDP ratio
47.1%
2024
41.2%
2024
Government debt per person
$1,613
2024
$31,579
2024
Government debt per person rank
126/185
2024
23/185
2024
Average annual personal income after taxes
$4,901
2026
$35,660
2026
Market capitalization of domestic companies n/a
$170M
2024
Number of millionaires n/a
26,163
2025
Number of billionaires n/a
2
2025
Income share by richest 10%
32.3%
2024
25.8%
2017
Income share by poorest 10%
1.2%
2024
2.6%
2017
Government expenditure, % of GDP
25.7%
2024
26%
2024
Consumer prices inflation
4.61%
2023-2024
1.27%
2023-2024
Central bank interest rate
5.75%
2024
4.1%
2025
Unemployment rate
4.91%
2024
0.13%
2022
Population
11237619
2999260

Spending and national debt comparison by year

Honduras
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Honduras Qatar
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 26% 41.2%
2023 27.2% 47.9% 27.3% 43.7%
2022 24% 51% 24.3% 42.6%
2021 28.8% 50.3% 29.4% 58.4%
2020 28.4% 52.5% 34.7% 72.6%
2019 25.9% 44.1% 32.5% 62.1%
2018 26.2% 43.5% 28.9% 52.2%
2017 26.9% 43.6% 34.7% 51.6%
2016 27.4% 40.3% 40.1% 46.7%
2015 26% 42.3% 38.6% 35.5%
2014 26.4% 43% 32.3% 24.9%
2013 28% 42.1% 28.3% 30.9%
2012 26.4% 32.4% 31% 32.1%
2011 25.9% 31.5% 28.5% 33.5%
2010 26.5% 28.9% 32% 30.4%
2009 28.4% 23.8% 36.4% 36%
2008 26.4% 22.3% 23.5% 11.4%
2007 24.4% 24% 29.5% 9.37%
2006 24.4% 39.2% 29.5% 13.9%
2005 23.6% 55.6% 29% 19.1%
2004 25.5% 60.9% 29.9% 30.1%
2003 26.4% 67.8% 28.5% 38.8%
2002 26.8% 64.2% 31.6% 47.7%
2001 25.1% 63.4% 32.1% 59.2%
2000 22.1% 65.8% 29.8% 51.6%
1999 23.3% 75.8% 42.4% 81.8%
1998 19.4% 67.4% 55.1% 76.6%
1997 19.4% 70.8% 47.6% 54.4%
1996 18.7% 64.6% 55.2% 57.8%
1995 17.2% 65.4% 52.2% 50.2%
1994 19.2% 86.4% 59.8% 54.8%
1993 23.7% 108% 62.8% 46.3%
1992 20.5% 116.5% 54.2% 19.9%
1991 18.8% 122.2% 57.5% 21.8%
1990 16.4% 200.3% 50% 12.6%
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/qatar | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 41.2% in Qatar, ranking 115/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Qatar
1x
Year Deficit/surplus, % of GDP
Honduras Qatar
2024 -1.12% 0.69%
2023 -1.96% 5.56%
2022 1.57% 10.4%
2021 -3.17% 0.24%
2020 -4.58% -2.13%
2019 0.09% 1%
2018 0.2% 2.26%
2017 -0.41% -6.82%
2016 -0.4% -9.2%
2015 -0.78% 18.4%
2014 -2.81% 13.4%
2013 -5.48% 19.3%
2012 -3.48% 8.55%
2011 -2.94% 5.24%
2010 -3.37% 4.6%
2009 -4.86% 14.1%
2008 -0.27% 9.49%
2007 -0.25% 10.3%
2006 -1.36% 8.39%
2005 -0.03% 9.8%
2004 -2.48% 17.7%
2003 -5.09% 6.71%
2002 -5.02% 7.89%
2001 -3.12% 4.48%
2000 1.51% 4.62%
1999 1.38% -4.35%
1998 2.89% -7%
1997 0.08% -9.4%
1996 0.13% -8.73%
1995 -0.24% -5.78%
1994 -0.98% -11.8%
1993 -5.03% -9.53%
1992 -1.41% -2.74%
1991 -1.95% -2.57%
1990 -1.82% 3.23%
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/qatar | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, Honduras recorded a fiscal deficit in 27 of those years, while Qatar ran a deficit in 12 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
Honduras

Qatar
1x
Year Consumer prices inflation
Honduras Qatar
2024 4.61% 1.27%
2023 6.66% 3.03%
2022 9.09% 5%
2021 4.48% 2.3%
2020 3.47% -2.54%
2019 4.37% -0.67%
2018 4.35% 0.26%
2017 3.93% 0.39%
2016 2.72% 2.68%
2015 3.16% 1.81%
2014 6.13% 3.35%
2013 5.16% 3.22%
2012 5.2% 2.32%
2011 6.76% 1.14%
2010 4.7% -2.43%
2009 5.5% -4.86%
2008 11.4% 15.1%
2007 6.94% 13.8%
2006 5.58% 11.8%
2005 8.81% 8.81%
2004 8.11% 6.8%
2003 7.67% 2.26%
2002 7.69% 0.24%
2001 9.67% 1.47%
2000 11% 1.65%
1999 11.7% 2.18%
1998 13.7% 2.95%
1997 20.2% 4.83%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 3.15% in Qatar. In 2024, inflation was 4.61% in Honduras and 1.27% in Qatar.

Top exports between countries

Honduras
Export category Export value
Raw agricultural goods $121K
Qatar
Export category Export value
Machinery & equipment $365K

Balance of trade

Honduras Qatar
Current account balance
-$1.65B
2024
$37.9B
2024
Current account balance ranking
137/190
2024
16/190
2024
Current account balance, % of GDP
-4.45%
2024
+17.3%
2024
Goods imports
$14.6B
2024
$32.6B
2024
Goods exports
$5.67B
2024
$95B
2024
Service imports
$3.67B
2024
$37.1B
2024
Service exports
$3.75B
2024
$30.2B
2024
Imports of goods and services, % of GDP
57.6%
2024
31.6%
2022
Exports of goods and services, % of GDP
33.5%
2024
68.6%
2022

Economic freedom indices

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

Honduras Qatar
Economic freedom 59.1 70.2
Economic freedom ranking 105/197 37/197
Property rights 35.7 66.2
Government integrity 24.6 53.5
Judicial effectiveness 27.6 41.5
Tax burden 83.1 99.9
Government spending 80.3 79.9
Fiscal health 95.2 96.6
Business freedom 59.4 68
Labor freedom 37.9 58.5
Monetary freedom 70.1 76
Trade freedom 69.8 81.8
Investment freedom 65 60
Financial freedom 60 60

Economic freedom comparison by year

Honduras
Qatar
1x
Year Economic freedom index
Honduras Qatar
2026 59.1 70.2
2025 59.6 70.2
2024 58.6 68.8
2023 58.7 68.6
2022 59.5 67.7
2021 59.8 72
2020 61.1 72.3
2019 60.2 72.6
2018 60.6 72.6
2017 58.8 73.1
2016 57.7 70.7
2015 57.4 70.8
2014 57.1 71.2
2013 58.4 71.3
2012 58.8 71.3
2011 58.6 70.5
2010 58.3 69
2009 58.7 65.8
2008 58.9 62.2
2007 59.1 62.9
2006 57.4 62.4
2005 55.3 63.5
2004 55.3 66.5
2003 60.4 65.9
2002 58.7 61.9
2001 57 60
2000 57.6 62
1999 56.7 62
1998 56.2 -
1997 56 -
1996 56.6 -
1995 57 -

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Qatar
Services, % of GDP
58.4%
2024
46.1%
2024
Industry, % of GDP
26.1%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
0.29%
2024
GNI, Atlas method
$32.7B
2024
$221B
2024
GNI per capita, PPP
$6,900
2024
$121,900
2024
Total reserves including gold
$8.04B
2024
$54B
2024
Total reserves ranking
84/177
2024
40/177
2024
Net foreign direct investment
-$620M
2024
$1.1B
2024
Net inflows of foreign direct investment
$1.31B
2024
$460M
2024
Net outflows of foreign direct investment
$689M
2024
$1.56B
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
30.6%
2022

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/qatar | 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 (2022, 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.