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Economy of Honduras vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $1.12B for Saint Kitts and Nevis, ranking 104/197 and 187/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $604M (53.8% of GDP) in Saint Kitts and Nevis.

Honduras vs Saint Kitts and Nevis GDP by year

Honduras
Saint Kitts and Nevis
1x
Year GDP, current $
Honduras Saint Kitts
2024 $37,093,565,854 $1,122,388,889
2023 $34,355,805,528 $1,055,651,852
2022 $31,426,041,807 $981,429,630
2021 $28,144,331,507 $858,622,222
2020 $23,352,232,484 $883,922,222
2019 $24,882,225,742 $1,107,855,556
2018 $24,067,750,760 $1,076,548,148
2017 $23,136,247,991 $1,056,977,778
2016 $21,717,604,952 $1,006,818,519
2015 $20,979,791,685 $957,222,222
2014 $19,756,533,972 $952,111,111
2013 $18,499,729,215 $874,548,148
2012 $18,528,554,398 $824,585,185
2011 $17,710,275,685 $836,092,593
2010 $15,839,344,592 $778,718,519
2009 $14,587,496,229 $774,274,074
2008 $13,881,731,876 $777,692,593
2007 $12,361,257,681 $689,285,185
2006 $10,917,477,066 $644,414,815
2005 $9,757,012,697 $547,203,704
2004 $8,869,299,234 $506,900,000
2003 $8,230,391,347 $469,869,870
2002 $7,858,255,413 $481,077,374
2001 $7,651,162,302 $458,643,829
2000 $7,186,638,029 $421,695,770
1999 $6,394,090,592 $406,595,484
1998 $6,163,707,533 $383,257,331
1997 $5,569,178,707 $374,641,308
1996 $4,798,834,459 $333,944,444
1995 $4,672,346,194 $313,485,185
1994 $4,105,686,899 $295,159,259
1993 $4,190,773,622 $263,755,556
1992 $4,122,846,905 $242,137,037
1991 $3,699,381,195 $220,540,741
1990 $3,734,460,117 $217,259,259
1989 $4,375,896,552 $192,518,519
1988 $4,892,660,944 $172,692,593
1987 $5,024,800,000 $147,748,148
1986 $4,706,100,000 $130,685,185
1985 $4,328,300,000 $111,007,407
1984 $4,029,900,000 $98,603,704
1983 $3,840,550,000 $86,874,074
1982 $3,619,500,000 $86,022,222
1981 $3,501,800,000 $80,888,889
1980 $3,184,400,000 $68,459,259
1979 $2,778,900,000 $58,840,741
1978 $2,393,650,000 $49,433,333
1977 $1,900,700,000 $44,496,296
1976 $1,589,300,000 $30,095,602
1975 $1,330,050,000 $33,364,055
1974 $1,243,000,000 $31,514,856
1973 $1,128,299,436 $24,196,018
1972 $1,030,645,362 $22,944,849
1971 $958,450,000 $19,624,746
1970 $904,400,000 $16,300,000
1969 $844,400,000 $15,850,000
1968 $815,450,000 $14,600,000
1967 $750,950,000 $16,742,338
1966 $692,150,000 $14,469,078
1965 $651,050,000 $13,593,932
1964 $591,100,000 $13,416,633
1963 $553,500,000 $12,833,301
1962 $532,450,000 $12,541,635
1961 $503,300,000 $12,483,302
1960 $475,650,000 $12,366,636

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

GeoRank.org/economy/honduras/saint-kitts-and-nevis | CC BY

GDP per capita in Honduras vs Saint Kitts and Nevis by year

Honduras
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $23,961 $34,847
2023 $3,227 $7,178 $22,577 $33,980
2022 $3,003 $6,805 $21,012 $31,871
2021 $2,735 $6,203 $18,361 $26,897
2020 $2,308 $5,385 $18,859 $27,326
2019 $2,502 $5,785 $23,595 $32,482
2018 $2,465 $5,633 $22,901 $30,795
2017 $2,413 $5,621 $22,465 $29,579
2016 $2,307 $5,186 $21,388 $28,215
2015 $2,271 $4,846 $20,329 $26,877
2014 $2,180 $4,460 $20,219 $26,756
2013 $2,081 $4,137 $18,580 $24,624
2012 $2,126 $4,016 $17,532 $23,458
2011 $2,074 $3,901 $17,832 $24,550
2010 $1,893 $3,758 $16,623 $23,691
2009 $1,781 $3,656 $16,503 $23,385
2008 $1,732 $3,806 $16,605 $24,102
2007 $1,578 $3,664 $14,758 $21,301
2006 $1,426 $3,438 $13,838 $20,676
2005 $1,305 $3,204 $11,784 $19,500
2004 $1,215 $3,001 $10,945 $17,276
2003 $1,156 $2,821 $10,176 $16,226
2002 $1,132 $2,715 $10,454 $16,619
2001 $1,132 $2,645 $10,023 $16,235
2000 $1,093 $2,587 $9,320 $15,256
1999 $999 $2,372 $9,116 $13,754
1998 $989 $2,152 $8,711 $13,319
1997 $917 $1,959 $8,627 $13,409
1996 $813 $1,617 $7,788 $12,498
1995 $814 $1,329 $7,406 $11,747
1994 $736 $1,074 $7,065 $11,062
1993 $773 $838 $6,395 $10,418
1992 $782 $741 $5,947 $9,652
1991 $722 $684 $5,465 $9,131
1990 $750 $540 $5,373 $8,983
1989 $904 - $4,723 -
1988 $1,039 - $4,206 -
1987 $1,098 - $3,573 -
1986 $1,058 - $3,140 -
1985 $1,001 - $2,651 -
1984 $960 - $2,341 -
1983 $942 - $2,052 -
1982 $914 - $2,023 -
1981 $912 - $1,894 -
1980 $854 - $1,598 -
1979 $769 - $1,367 -
1978 $683 - $1,144 -
1977 $559 - $1,026 -
1976 $482 - $692 -
1975 $417 - $765 -
1974 $401 - $721 -
1973 $375 - $551 -
1972 $353 - $521 -
1971 $338 - $444 -
1970 $329 - $365 -
1969 $316 - $347 -
1968 $314 - $309 -
1967 $298.2 - $344 -
1966 $282.9 - $290 -
1965 $273.9 - $265.8 -
1964 $255.9 - $256.4 -
1963 $246.6 - $240.1 -
1962 $244 - $230.3 -
1961 $237.3 - $225.6 -
1960 $230.7 - $221.6 -

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

GeoRank.org/economy/honduras/saint-kitts-and-nevis | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $23,961 in Saint Kitts and Nevis, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Honduras Saint Kitts
Gross domestic product
$37.1B
2024
$1.12B
2024
GDP rank
104/197
2024
187/197
2024
GDP growth
3.55%
2023-2024
0.31%
2023-2024
GDP per capita
$3,426
2024
$23,961
2024
GDP per capita rank
136/197
2024
51/197
2024
GDP per capita, PPP
$7,486
2024
$34,847
2024
GDP per capita PPP rank
146/197
2024
64/197
2024
Government debt
$17.5B
2024
$604M
2024
Debt-to-GDP ratio
47.1%
2024
53.8%
2024
Government debt per person
$1,613
2024
$12,897
2024
Government debt per person rank
126/185
2024
44/185
2024
Average annual personal income after taxes
$4,901
2026
$13,301
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
43.2%
2024
Consumer prices inflation
4.61%
2023-2024
1.1%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
5.12%
2001
Population
11237619
47017

Spending and national debt comparison by year

Honduras
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Honduras Saint Kitts
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 43.2% 53.8%
2023 27.2% 47.9% 43.1% 55.7%
2022 24% 51% 49.5% 60.3%
2021 28.8% 50.3% 41.2% 69.1%
2020 28.4% 52.5% 36.5% 68%
2019 25.9% 44.1% 37.2% 54.3%
2018 26.2% 43.5% 33.7% 53.9%
2017 26.9% 43.6% 25.5% 56.2%
2016 27.4% 40.3% 26.1% 57.4%
2015 26% 42.3% 29% 62.2%
2014 26.4% 43% 28% 69.3%
2013 28% 42.1% 28.6% 91.5%
2012 26.4% 32.4% 27.2% 121.4%
2011 25.9% 31.5% 30.3% 127.1%
2010 26.5% 28.9% 31.2% 134.9%
2009 28.4% 23.8% 30.4% 129.1%
2008 26.4% 22.3% 29.5% 123.4%
2007 24.4% 24% 32.2% 135.4%
2006 24.4% 39.2% 32.5% 140.3%
2005 23.6% 55.6% 34.7% 130.1%
2004 25.5% 60.9% 33.7% 153.1%
2003 26.4% 67.8% 30.9% 140.7%
2002 26.8% 64.2% 35.4% 119.7%
2001 25.1% 63.4% 30.9% 105.2%
2000 22.1% 65.8% 34.6% 96.5%
1999 23.3% 75.8% 33.6% 89.2%
1998 19.4% 67.4% 29.1% 79%
1997 19.4% 70.8% 26.3% 67.2%
1996 18.7% 64.6% 26.8% 50.7%
1995 17.2% 65.4% 23.7% -
1994 19.2% 86.4% 22.2% -
1993 23.7% 108% 21.3% -
1992 20.5% 116.5% 19.8% -
1991 18.8% 122.2% 18.2% -
1990 16.4% 200.3% 19.3% -
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/saint-kitts-and-nevis | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Saint Kitts and Nevis spent $484M, or 43.2% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 53.8% in Saint Kitts and Nevis, ranking 115/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Honduras Saint Kitts
2024 -1.12% -11%
2023 -1.96% -0.27%
2022 1.57% -4.16%
2021 -3.17% 5.41%
2020 -4.58% -3.06%
2019 0.09% -0.7%
2018 0.2% 1.8%
2017 -0.41% 1.68%
2016 -0.4% 3.77%
2015 -0.78% 5.66%
2014 -2.81% 8.52%
2013 -5.48% 10.9%
2012 -3.48% 4.32%
2011 -2.94% 1.6%
2010 -3.37% -4.15%
2009 -4.86% -1.23%
2008 -0.27% -1.57%
2007 -0.25% -1.03%
2006 -1.36% -1.37%
2005 -0.03% -3.45%
2004 -2.48% -6.6%
2003 -5.09% -5.66%
2002 -5.02% -11.7%
2001 -3.12% -10.9%
2000 1.51% -13.3%
1999 1.38% -11.1%
1998 2.89% -5.13%
1997 0.08% -2.33%
1996 0.13% -2.27%
1995 -0.24% 0.9%
1994 -0.98% 0.79%
1993 -5.03% 0.24%
1992 -1.41% 0.5%
1991 -1.95% 0.92%
1990 -1.82% 0.62%
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/saint-kitts-and-nevis | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Saint Kitts and Nevis' deficit of $123M, or 11% of GDP.

Over the past 35 years, Honduras recorded a fiscal deficit in 27 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to deficit of 1.52% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Honduras

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Honduras Saint Kitts
2024 4.61% 1.1%
2023 6.66% 3.56%
2022 9.09% 2.67%
2021 4.48% 1.2%
2020 3.47% -1.17%
2019 4.37% -0.33%
2018 4.35% -1.04%
2017 3.93% 0.69%
2016 2.72% -0.69%
2015 3.16% -2.3%
2014 6.13% 0.25%
2013 5.16% 1.11%
2012 5.2% 0.82%
2011 6.76% 5.84%
2010 4.7% 0.85%
2009 5.5% 2.06%
2008 11.4% 5.3%
2007 6.94% 4.48%
2006 5.58% 8.49%
2005 8.81% 3.38%
2004 8.11% 2.31%
2003 7.67% 2.24%
2002 7.69% 2.04%
2001 9.67% 2.3%
2000 11% 2.15%
1999 11.7% 3.36%
1998 13.7% 3.45%
1997 20.2% 8.91%

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

GeoRank.org/economy/honduras/saint-kitts-and-nevis | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 2.25% in Saint Kitts and Nevis. In 2024, inflation was 4.61% in Honduras and 1.1% in Saint Kitts and Nevis.

Top exports between countries

Honduras
Export category Export value
Processed food, beverages & tobacco $13K
Saint Kitts
Export category Export value

Balance of trade

Honduras Saint Kitts
Current account balance
-$1.65B
2024
-$169M
2024
Current account balance ranking
137/190
2024
96/190
2024
Current account balance, % of GDP
-4.45%
2024
-15.1%
2024
Goods imports
$14.6B
2024
$404M
2024
Goods exports
$5.67B
2024
$33.7M
2024
Service imports
$3.67B
2024
$239M
2024
Service exports
$3.75B
2024
$471M
2024
Imports of goods and services, % of GDP
57.6%
2024
n/a
Exports of goods and services, % of GDP
33.5%
2024
11%
2025

Economic freedom indices

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

Honduras Saint Kitts
Economic freedom 59.1 62
Economic freedom ranking 105/197 90/197
Property rights 35.7 n/a
Government integrity 24.6 n/a
Judicial effectiveness 27.6 n/a
Tax burden 83.1 n/a
Government spending 80.3 n/a
Fiscal health 95.2 n/a
Business freedom 59.4 n/a
Labor freedom 37.9 n/a
Monetary freedom 70.1 n/a
Trade freedom 69.8 n/a
Investment freedom 65 n/a
Financial freedom 60 n/a

Other economic metrics

Honduras Saint Kitts
Services, % of GDP
58.4%
2024
66.1%
2024
Industry, % of GDP
26.1%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
1.29%
2024
GNI, Atlas method
$32.7B
2024
$1.05B
2024
GNI per capita, PPP
$6,900
2024
$34,460
2024
Total reserves including gold
$8.04B
2024
$295M
2024
Total reserves ranking
84/177
2024
168/177
2024
Net foreign direct investment
-$620M
2024
-$19.5M
2024
Net inflows of foreign direct investment
$1.31B
2024
$42.1M
2024
Net outflows of foreign direct investment
$689M
2024
$8.97M
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/saint-kitts-and-nevis | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.