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Economy of Honduras vs Russia compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $2.56T for Russia, ranking 104/197 and 8/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $440B (17.2% of GDP) in Russia.

Honduras vs Russia GDP by year

Honduras
Russia
1x
Year GDP, current $
Honduras Russia
2025 $39,601,409,103 $2,561,310,169,359
2024 $36,980,171,442 $2,186,462,268,813
2023 $34,355,805,528 $2,046,284,838,151
2022 $31,426,041,807 $2,292,495,097,681
2021 $28,144,331,507 $1,829,186,719,575
2020 $23,352,232,484 $1,493,075,894,362
2019 $24,882,225,742 $1,693,115,002,708
2018 $24,067,750,760 $1,657,328,773,461
2017 $23,136,247,991 $1,574,199,360,089
2016 $21,717,604,952 $1,276,786,350,881
2015 $20,979,791,685 $1,363,482,182,198
2014 $19,756,533,972 $2,059,241,589,895
2013 $18,499,729,215 $2,292,470,078,346
2012 $18,528,554,398 $2,208,293,553,878
2011 $17,710,275,685 $2,045,922,753,398
2010 $15,839,344,592 $1,524,916,715,224
2009 $14,587,496,229 $1,222,645,900,056
2008 $13,881,731,876 $1,660,848,058,303
2007 $12,361,257,681 $1,299,703,478,482
2006 $10,917,477,066 $989,932,071,353
2005 $9,757,012,697 $764,015,973,481
2004 $8,869,299,234 $591,016,690,732
2003 $8,230,391,347 $430,347,420,185
2002 $7,858,255,413 $345,470,494,418
2001 $7,651,162,302 $306,602,070,621
2000 $7,186,638,029 $259,710,142,197
1999 $6,394,090,592 $195,907,128,351
1998 $6,163,707,533 $270,955,486,862
1997 $5,569,178,707 $404,928,954,192
1996 $4,798,834,459 $391,724,890,744
1995 $4,672,346,194 $395,537,185,735
1994 $4,105,686,899 $395,077,301,248
1993 $4,190,773,622 $435,083,713,851
1992 $4,122,846,905 $460,290,556,901
1991 $3,699,381,195 $517,962,962,963
1990 $3,734,460,117 $517,014,446,228
1989 $4,375,896,552 $506,631,299,735
1988 $4,892,660,944 $554,828,660,436
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Honduras vs Russia by year

Honduras
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $17,847 -
2024 $3,416 $7,486 $15,219 $47,362
2023 $3,227 $7,178 $14,227 $44,269
2022 $3,003 $6,805 $15,894 $40,939
2021 $2,735 $6,203 $12,637 $38,638
2020 $2,308 $5,385 $10,280 $31,491
2019 $2,502 $5,785 $11,640 $30,964
2018 $2,465 $5,633 $11,399 $28,629
2017 $2,413 $5,621 $10,835 $25,778
2016 $2,307 $5,186 $8,804 $24,012
2015 $2,271 $4,846 $9,427 $23,994
2014 $2,180 $4,460 $14,277 $25,688
2013 $2,081 $4,137 $15,941 $26,020
2012 $2,126 $4,016 $15,402 $24,274
2011 $2,074 $3,901 $14,305 $22,790
2010 $1,893 $3,758 $10,675 $20,490
2009 $1,781 $3,656 $8,563 $19,390
2008 $1,732 $3,806 $11,635 $20,164
2007 $1,578 $3,664 $9,101 $16,648
2006 $1,426 $3,438 $6,920 $14,912
2005 $1,305 $3,204 $5,323 $11,822
2004 $1,215 $3,001 $4,102 $10,227
2003 $1,156 $2,821 $2,975 $9,255
2002 $1,132 $2,715 $2,378 $8,037
2001 $1,132 $2,645 $2,100 $7,361
2000 $1,093 $2,587 $1,772 $6,825
1999 $999 $2,372 $1,331 $5,914
1998 $989 $2,152 $1,835 $5,465
1997 $917 $1,959 $2,738 $5,700
1996 $813 $1,617 $2,644 $5,518
1995 $814 $1,329 $2,666 $5,613
1994 $736 $1,074 $2,662 $5,734
1993 $773 $838 $2,931 $6,420
1992 $782 $741 $3,099 $6,862
1991 $722 $684 $3,490 $7,858
1990 $750 $540 $3,494 $8,028
1989 $904 - $3,430 -
1988 $1,039 - $3,778 -
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 (1960–2025, retrieved 2026-07-08).

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

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Russia ranks 50th at $47,362.

Economic indicators

Honduras Russia
Gross domestic product
$39.6B
2025
$2.56T
2025
GDP rank
104/197
2025
8/197
2025
GDP growth
3.75%
2024-2025
1%
2024-2025
GDP per capita
$3,598
2025
$17,847
2025
GDP per capita rank
137/197
2025
68/197
2025
GDP per capita, PPP
$7,486
2024
$47,362
2024
GDP per capita PPP rank
146/197
2024
50/197
2024
Government debt
$16.3B
2025
$440B
2025
Debt-to-GDP ratio
41.2%
2025
17.2%
2025
Government debt per person
$1,483
2025
$3,068
2025
Government debt per person rank
132/185
2025
105/185
2025
Average annual personal income after taxes
$2,887
2026
$11,183
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires n/a
147
2026
Income share by richest 10%
32.3%
2024
25.1%
2023
Income share by poorest 10%
1.2%
2024
3.1%
2023
Government expenditure, % of GDP
24.9%
2025
39.1%
2025
Consumer prices inflation
4.6%
2024-2025
8.7%
2024-2025
Central bank interest rate
5.75%
2024
14.5%
2026
Unemployment rate
4.85%
2025
2.13%
2025
Population
11279259
142643173

Spending and national debt comparison by year

Honduras
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Honduras Russia
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 39.1% 17.2%
2024 25.7% 41.5% 36.7% 14.8%
2023 27.2% 41.7% 36.1% 15.2%
2022 24% 46.9% 35.1% 15.1%
2021 28.8% 52.7% 34.9% 16.5%
2020 28.4% 53.5% 39.2% 19.2%
2019 25.9% 43.3% 33.8% 13.7%
2018 26.2% 42.4% 32.6% 13.6%
2017 26.9% 41.3% 34.8% 14.3%
2016 27.4% 39.4% 36.6% 14.8%
2015 26% 38.3% 35.3% 15.3%
2014 26.4% 35.2% 34.9% 15.1%
2013 28% 37.3% 34.7% 12.3%
2012 26.4% 27.1% 34% 11.2%
2011 25.9% 24.6% 33.3% 10.3%
2010 26.5% 21.8% 35.5% 10.1%
2009 28.4% 23.8% 38.6% 9.92%
2008 26.4% 22.3% 32% 7.45%
2007 24.4% 24% 31.9% 8.03%
2006 24.4% 39.2% 29% 9.8%
2005 23.6% 55.6% 29.5% 14.9%
2004 25.5% 60.9% 29.6% 20.8%
2003 26.4% 67.8% 32.6% 28.3%
2002 26.8% 64.2% 33.8% 37.6%
2001 25.1% 63.4% 31.5% 44.4%
2000 22.1% 65.8% 30.7% 55.9%
1999 23.3% 75.8% 34.3% 92.4%
1998 19.4% 67.4% 39.7% 135.2%
1997 19.4% 70.8% - 51.5%
1996 18.7% 64.6% - 51.9%
1995 17.2% 65.4% - 53.7%
1994 19% 85.5% - 63.5%
1993 24.5% 111.7% - 92.4%
1992 21.6% 123.2% - 116%
1991 20.8% 135.4% - -
1990 19.4% 236.5% - -
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 (1960–1996, retrieved 2026-07-08).

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

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 17.2% in Russia, ranking 128/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Russia
1x
Year Deficit/surplus, % of GDP
Honduras Russia
2025 -0.74% -3.9%
2024 -1.12% -1.59%
2023 -1.96% -2.24%
2022 1.57% -1.34%
2021 -3.17% 0.78%
2020 -4.58% -3.99%
2019 0.09% 1.93%
2018 0.2% 2.92%
2017 -0.41% -1.47%
2016 -0.4% -3.67%
2015 -0.78% -3.39%
2014 -2.81% -1.07%
2013 -5.48% -1.16%
2012 -3.48% 0.38%
2011 -2.94% 1.43%
2010 -3.37% -3.19%
2009 -4.86% -5.89%
2008 -0.27% 4.55%
2007 -0.25% 5.59%
2006 -1.36% 7.8%
2005 -0.03% 7.6%
2004 -2.48% 4.57%
2003 -5.09% 1.35%
2002 -5.02% 0.67%
2001 -3.12% 2.99%
2000 1.51% 3.11%
1999 1.38% -3.59%
1998 2.89% -7.42%
1997 0.08% -
1996 0.13% -
1995 -0.24% -
1994 -0.97% -
1993 -5.21% -
1992 -1.49% -
1991 -2.16% -
1990 -2.15% -
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% 0.15%
1939 -0.52% 0.12%
1938 -0.74% 0.16%
1937 -1.37% 0.12%
1936 -0.76% 0.1%
1935 0% 0.07%
1934 0.06% 0.25%
1933 2.06% 0.58%
1932 -2.13% 0.06%
1931 -0.94% -1.12%
1930 -1.15% -1.62%
1929 -0.38% -0.4%
1928 0.72% -0.4%
1927 0.37% -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1885–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Honduras recorded a fiscal deficit in 22 of those years, while Russia ran a deficit in 14 years. On average, Honduras posted an annual deficit equal to 1.65% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Honduras

Russia
1x
Year Consumer prices inflation
Honduras Russia
2025 4.6% 8.7%
2024 4.61% 8.4%
2023 6.66% 5.9%
2022 9.09% 13.7%
2021 4.48% 6.7%
2020 3.47% 3.4%
2019 4.37% 4.5%
2018 4.35% 2.9%
2017 3.93% 3.7%
2016 2.72% 7%
2015 3.16% 15.5%
2014 6.13% 7.8%
2013 5.16% 6.8%
2012 5.2% 5.1%
2011 6.76% 8.4%
2010 4.7% 6.8%
2009 5.5% 11.6%
2008 11.4% 14.1%
2007 6.94% 9%
2006 5.58% 9.7%
2005 8.81% 12.7%
2004 8.11% 10.9%
2003 7.67% 13.7%
2002 7.69% 15.8%
2001 9.67% 21.5%
2000 11% 20.8%
1999 11.7% 85.7%
1998 13.7% 27.7%
1997 20.2% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 13.2% in Russia. In 2025, inflation was 4.6% in Honduras and 8.7% in Russia.

Top exports between countries

Honduras
Export category Export value
Raw agricultural goods $3.68M
Chemicals & pharma $120K
Raw materials & minerals $96K
Wood & paper products $11K
Processed food, beverages & tobacco $7K
Russia
Export category Export value
Raw materials & minerals $74.1M
Metals $52.3M
Raw agricultural goods $11M
Wood & paper products $5.24M
Chemicals & pharma $1.5M
Machinery & equipment $250K
Textiles & consumer goods $226K
IT & IP services $102K
Transport & tourism services $65K
Processed food, beverages & tobacco $26K

Balance of trade

Honduras Russia
Current account balance
$936M
2025
$43.1B
2025
Current account balance ranking
50/190
2025
14/190
2025
Current account balance, % of GDP
+2.36%
2025
+1.68%
2025
Goods imports
$15.4B
2025
$305B
2025
Goods exports
$6.88B
2025
$422B
2025
Service imports
$4.1B
2025
$94.8B
2025
Service exports
$3.89B
2025
$46.3B
2025
Imports of goods and services, % of GDP
56.5%
2025
15.5%
2025
Exports of goods and services, % of GDP
35%
2025
18.2%
2025

Economic freedom indices

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

Honduras Russia
Economic freedom 59.1 50.3
Economic freedom ranking 105/197 161/197
Property rights 35.7 18.6
Government integrity 24.6 22.8
Judicial effectiveness 27.6 22.8
Tax burden 83.1 81.9
Government spending 80.3 61.3
Fiscal health 95.2 94.4
Business freedom 59.4 51.4
Labor freedom 37.9 59.1
Monetary freedom 70.1 61.8
Trade freedom 69.8 69.4
Investment freedom 65 30
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Russia
1x
Year Economic freedom index
Honduras Russia
2026 59.1 50.3
2025 59.6 51.6
2024 58.6 52
2023 58.7 53.8
2022 59.5 56.1
2021 59.8 61.5
2020 61.1 61
2019 60.2 58.9
2018 60.6 58.2
2017 58.8 57.1
2016 57.7 50.6
2015 57.4 52.1
2014 57.1 51.9
2013 58.4 51.1
2012 58.8 50.5
2011 58.6 50.5
2010 58.3 50.3
2009 58.7 50.8
2008 58.9 49.8
2007 59.1 52.2
2006 57.4 52.4
2005 55.3 51.3
2004 55.3 52.8
2003 60.4 50.8
2002 58.7 48.7
2001 57 49.8
2000 57.6 51.8
1999 56.7 54.5
1998 56.2 52.8
1997 56 48.6
1996 56.6 51.6
1995 57 51.1

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Russia
Services, % of GDP
57.6%
2025
58.9%
2025
Industry, % of GDP
25.4%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
3.06%
2025
GNI, Atlas method
$36B
2025
$2.33T
2025
GNI per capita, PPP
$7,270
2025
$49,220
2025
Total reserves including gold
$10.2B
2025
$608B
2024
Total reserves ranking
78/177
2025
6/177
2024
Net foreign direct investment
-$810M
2025
-$12.4B
2025
Net inflows of foreign direct investment
$478M
2024
-$9.35B
2024
Net outflows of foreign direct investment
-$49.4M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
2.63%
2024
Poverty at national poverty lines
60.1%
2025
7.2%
2024
Gross capital formation, % of GDP
24.2%
2025
25.9%
2025

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/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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 (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.