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Economy of Honduras vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $2.55B for Saint Lucia, ranking 104/197 and 173/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Honduras vs Saint Lucia GDP by year

Honduras
Saint Lucia
1x
Year GDP, current $
Honduras Saint Lucia
2024 $37,093,565,854 $2,549,062,963
2023 $34,355,805,528 $2,430,166,667
2022 $31,426,041,807 $2,342,714,815
2021 $28,144,331,507 $1,867,185,185
2020 $23,352,232,484 $1,499,274,074
2019 $24,882,225,742 $2,095,344,444
2018 $24,067,750,760 $2,060,955,556
2017 $23,136,247,991 $1,998,503,704
2016 $21,717,604,952 $1,868,544,444
2015 $20,979,791,685 $1,807,640,741
2014 $19,756,533,972 $1,749,185,185
2013 $18,499,729,215 $1,660,392,593
2012 $18,528,554,398 $1,598,207,407
2011 $17,710,275,685 $1,568,370,370
2010 $15,839,344,592 $1,482,385,185
2009 $14,587,496,229 $1,401,507,889
2008 $13,881,731,876 $1,437,731,111
2007 $12,361,257,681 $1,336,088,815
2006 $10,917,477,066 $1,268,319,185
2005 $9,757,012,697 $1,135,555,556
2004 $8,869,299,234 $1,066,666,667
2003 $8,230,391,347 $987,407,407
2002 $7,858,255,413 $900,000,000
2001 $7,651,162,302 $892,592,593
2000 $7,186,638,029 $932,592,593
1999 $6,394,090,592 $921,851,852
1998 $6,163,707,533 $877,407,407
1997 $5,569,178,707 $805,925,926
1996 $4,798,834,459 $788,888,889
1995 $4,672,346,194 $762,962,963
1994 $4,105,686,899 $713,703,704
1993 $4,190,773,622 $684,814,815
1992 $4,122,846,905 $674,074,074
1991 $3,699,381,195 $613,703,704
1990 $3,734,460,117 $579,629,630
1989 $4,375,896,552 $486,666,667
1988 $4,892,660,944 $429,629,630
1987 $5,024,800,000 $375,555,556
1986 $4,706,100,000 $340,000,000
1985 $4,328,300,000 $284,444,444
1984 $4,029,900,000 $251,481,481
1983 $3,840,550,000 $197,037,037
1982 $3,619,500,000 $183,333,333
1981 $3,501,800,000 $194,444,444
1980 $3,184,400,000 $170,370,370
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/honduras/saint-lucia | CC BY

GDP per capita in Honduras vs Saint Lucia by year

Honduras
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $14,182 $27,567
2023 $3,227 $7,178 $13,555 $25,975
2022 $3,003 $6,805 $13,104 $24,599
2021 $2,735 $6,203 $10,459 $19,101
2020 $2,308 $5,385 $8,411 $14,912
2019 $2,502 $5,785 $11,794 $18,710
2018 $2,465 $5,633 $11,643 $17,433
2017 $2,413 $5,621 $11,333 $16,131
2016 $2,307 $5,186 $10,638 $15,307
2015 $2,271 $4,846 $10,335 $14,353
2014 $2,180 $4,460 $10,045 $14,403
2013 $2,081 $4,137 $9,577 $14,010
2012 $2,126 $4,016 $9,260 $13,443
2011 $2,074 $3,901 $9,129 $13,471
2010 $1,893 $3,758 $8,674 $12,718
2009 $1,781 $3,656 $8,251 $12,600
2008 $1,732 $3,806 $8,517 $12,969
2007 $1,578 $3,664 $7,964 $12,199
2006 $1,426 $3,438 $7,611 $11,758
2005 $1,305 $3,204 $6,863 $10,818
2004 $1,215 $3,001 $6,495 $10,610
2003 $1,156 $2,821 $6,059 $9,707
2002 $1,132 $2,715 $5,568 $9,205
2001 $1,132 $2,645 $5,570 $9,106
2000 $1,093 $2,587 $5,880 $9,314
1999 $999 $2,372 $5,883 $9,214
1998 $989 $2,152 $5,673 $8,965
1997 $917 $1,959 $5,282 $8,456
1996 $813 $1,617 $5,244 $8,490
1995 $814 $1,329 $5,148 $8,222
1994 $736 $1,074 $4,892 $8,041
1993 $773 $838 $4,765 $7,865
1992 $782 $741 $4,760 $7,753
1991 $722 $684 $4,399 $7,127
1990 $750 $540 $4,205 $6,951
1989 $904 - $3,565 -
1988 $1,039 - $3,182 -
1987 $1,098 - $2,819 -
1986 $1,058 - $2,591 -
1985 $1,001 - $2,202 -
1984 $960 - $1,979 -
1983 $942 - $1,576 -
1982 $914 - $1,489 -
1981 $912 - $1,605 -
1980 $854 - $1,428 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/honduras/saint-lucia | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Honduras Saint Lucia
Gross domestic product
$37.1B
2024
$2.55B
2024
GDP rank
104/197
2024
173/197
2024
GDP growth
3.55%
2023-2024
3.89%
2023-2024
GDP per capita
$3,426
2024
$14,182
2024
GDP per capita rank
136/197
2024
70/197
2024
GDP per capita, PPP
$7,486
2024
$27,567
2024
GDP per capita PPP rank
146/197
2024
75/197
2024
Government debt
$17.5B
2024
$1.97B
2024
Debt-to-GDP ratio
47.1%
2024
77.2%
2024
Government debt per person
$1,613
2024
$10,952
2024
Government debt per person rank
126/185
2024
52/185
2024
Average annual personal income after taxes
$4,901
2026
$10,412
2026
Income share by richest 10%
32.3%
2024
34.1%
2015
Income share by poorest 10%
1.2%
2024
2.1%
2015
Government expenditure, % of GDP
25.7%
2024
24.5%
2024
Consumer prices inflation
4.61%
2023-2024
-0.11%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
10.1%
2024
Population
11237619
180638

Spending and national debt comparison by year

Honduras
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Honduras Saint Lucia
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 24.5% 77.2%
2023 27.2% 47.9% 25.6% 76.6%
2022 24% 51% 23% 74.4%
2021 28.8% 50.3% 27.4% 87%
2020 28.4% 52.5% 34.9% 100%
2019 25.9% 44.1% 25.1% 62.1%
2018 26.2% 43.5% 23.2% 60.5%
2017 26.9% 43.6% 23.3% 60.4%
2016 27.4% 40.3% 23% 61.3%
2015 26% 42.3% 23.7% 61.1%
2014 26.4% 43% 23.6% 62.4%
2013 28% 42.1% 25.4% 62.1%
2012 26.4% 32.4% 28% 60.8%
2011 25.9% 31.5% 27% 55.2%
2010 26.5% 28.9% 26% 53%
2009 28.4% 23.8% 24.5% 51%
2008 26.4% 22.3% 22.2% 46.7%
2007 24.4% 24% 22.6% 49.1%
2006 24.4% 39.2% 24.7% 48.6%
2005 23.6% 55.6% 26% 51.9%
2004 25.5% 60.9% 22.9% 49.6%
2003 26.4% 67.8% 22.9% 45.6%
2002 26.8% 64.2% 23.6% 48.8%
2001 25.1% 63.4% 22.1% 38.1%
2000 22.1% 65.8% 20.7% 32.5%
1999 23.3% 75.8% 20.9% 28.9%
1998 19.4% 67.4% 18.8% 29.4%
1997 19.4% 70.8% 19.5% 27.2%
1996 18.7% 64.6% 18.9% 24.1%
1995 17.2% 65.4% 19.2% 22.9%
1994 19.2% 86.4% 19.1% 23.8%
1993 23.7% 108% 21.8% 22.9%
1992 20.5% 116.5% 18.4% 22.2%
1991 18.8% 122.2% 18.4% 19.8%
1990 16.4% 200.3% 16.7% 17%
1989 10.2% 68.4% 19% 18.1%
1988 16% 71.7% 18.2% 18.6%
1987 17.2% 73.6% 19.9% 19.6%
1986 19.8% 69.9% 21.1% 17.2%
1985 22.5% 65.7% 20.4% 17.1%
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-lucia | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 77.2% in Saint Lucia, ranking 115/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Honduras Saint Lucia
2024 -1.12% -2.13%
2023 -1.96% -3.09%
2022 1.57% -1.67%
2021 -3.17% -5.1%
2020 -4.58% -12%
2019 0.09% -3.51%
2018 0.2% -1.03%
2017 -0.41% -1.14%
2016 -0.4% -0.79%
2015 -0.78% -2.35%
2014 -2.81% -3.08%
2013 -5.48% -4.84%
2012 -3.48% -7.62%
2011 -2.94% -5.38%
2010 -3.37% -4.17%
2009 -4.86% -2.67%
2008 -0.27% -0.72%
2007 -0.25% -1.62%
2006 -1.36% -5.07%
2005 -0.03% -6.18%
2004 -2.48% -2.63%
2003 -5.09% -3.23%
2002 -5.02% -3.1%
2001 -3.12% -3.08%
2000 1.51% -1.16%
1999 1.38% 1.62%
1998 2.89% 2.25%
1997 0.08% -1.13%
1996 0.13% -0.58%
1995 -0.24% -0.13%
1994 -0.98% -0.02%
1993 -5.03% -0.26%
1992 -1.41% -0.66%
1991 -1.95% -0.43%
1990 -1.82% 0.29%
1989 2.08% 0.89%
1988 -2.65% 2.02%
1987 -3.23% 0.56%
1986 -5.92% -1.61%
1985 -8.58% -1.5%
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-lucia | 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 Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 40 years, Honduras recorded a fiscal deficit in 31 of those years, while Saint Lucia ran a deficit in 34 years. On average, Honduras posted an annual deficit equal to 1.87% of GDP, compared to deficit of 2.15% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Honduras

Saint Lucia
1x
Year Consumer prices inflation
Honduras Saint Lucia
2024 4.61% -0.11%
2023 6.66% 4.07%
2022 9.09% 6.38%
2021 4.48% 2.41%
2020 3.47% -1.76%
2019 4.37% 0.54%
2018 4.35% 1.94%
2017 3.93% 0.1%
2016 2.72% -3.08%
2015 3.16% -0.98%
2014 6.13% 3.52%
2013 5.16% 1.47%
2012 5.2% 4.18%
2011 6.76% 2.77%
2010 4.7% 3.25%
2009 5.5% -0.16%
2008 11.4% 5.55%
2007 6.94% 2.82%
2006 5.58% 2.4%
2005 8.81% 3.9%
2004 8.11% 1.46%
2003 7.67% 1.03%
2002 7.69% -0.26%
2001 9.67% 5.31%
2000 11% 3.71%
1999 11.7% 3.5%
1998 13.7% 3.2%
1997 20.2% -0.006%

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

GeoRank.org/economy/honduras/saint-lucia | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 2.04% in Saint Lucia. In 2024, inflation was 4.61% in Honduras and -0.11% in Saint Lucia.

Top exports between countries

Honduras
Export category Export value
Wood & paper products $1.26M
Processed food, beverages & tobacco $332K
Machinery & equipment $262K
Textiles & consumer goods $48K
Metals $6K
Chemicals & pharma $1K
Raw agricultural goods $1K
Saint Lucia
Export category Export value
Chemicals & pharma $5K

Balance of trade

Honduras Saint Lucia
Current account balance
-$1.65B
2024
-$64.1M
2024
Current account balance ranking
137/190
2024
86/190
2024
Current account balance, % of GDP
-4.45%
2024
-2.52%
2024
Goods imports
$14.6B
2024
$848M
2024
Goods exports
$5.67B
2024
$137M
2024
Service imports
$3.67B
2024
$598M
2024
Service exports
$3.75B
2024
$1.46B
2024
Imports of goods and services, % of GDP
57.6%
2024
n/a
Exports of goods and services, % of GDP
33.5%
2024
19%
2025

Economic freedom indices

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

Honduras Saint Lucia
Economic freedom 59.1 67.5
Economic freedom ranking 105/197 57/197
Property rights 35.7 64.3
Government integrity 24.6 59.7
Judicial effectiveness 27.6 77.3
Tax burden 83.1 77.7
Government spending 80.3 82.6
Fiscal health 95.2 80
Business freedom 59.4 71.9
Labor freedom 37.9 65.2
Monetary freedom 70.1 81
Trade freedom 69.8 60
Investment freedom 65 50
Financial freedom 60 40

Economic freedom comparison by year

Honduras
Saint Lucia
1x
Year Economic freedom index
Honduras Saint Lucia
2026 59.1 67.5
2025 59.6 67
2024 58.6 62.2
2023 58.7 60.7
2022 59.5 64.3
2021 59.8 67.5
2020 61.1 68.2
2019 60.2 68.7
2018 60.6 67.6
2017 58.8 65
2016 57.7 70
2015 57.4 70.2
2014 57.1 70.7
2013 58.4 70.4
2012 58.8 71.3
2011 58.6 70.8
2010 58.3 70.5
2009 58.7 68.8
2008 58.9 -
2007 59.1 -
2006 57.4 -
2005 55.3 -
2004 55.3 -
2003 60.4 -
2002 58.7 -
2001 57 -
2000 57.6 -
1999 56.7 -
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/saint-lucia | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Saint Lucia
Services, % of GDP
58.4%
2024
75.9%
2024
Industry, % of GDP
26.1%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
1.13%
2024
GNI, Atlas method
$32.7B
2024
$2.27B
2024
GNI per capita, PPP
$6,900
2024
$24,840
2024
Total reserves including gold
$8.04B
2024
$406M
2024
Total reserves ranking
84/177
2024
162/177
2024
Net foreign direct investment
-$620M
2024
-$187M
2024
Net inflows of foreign direct investment
$1.31B
2024
$187M
2024
Net outflows of foreign direct investment
$689M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
3.42%
2024
Poverty at national poverty lines
62.9%
2024
25%
2016
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-lucia | 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 (2020–2024, 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.