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Economy of Honduras vs Sao Tome and Principe compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $822M for Sao Tome and Principe, ranking 104/197 and 189/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $533M (64.8% of GDP) in Sao Tome and Principe.

Honduras vs Sao Tome and Principe GDP by year

Honduras
Sao Tome and Principe
1x
Year GDP, current $
Honduras Sao Tome
2024 $37,093,565,854 $822,154,621
2023 $34,355,805,528 $690,456,807
2022 $31,426,041,807 $540,809,499
2021 $28,144,331,507 $524,402,456
2020 $23,352,232,484 $471,229,485
2019 $24,882,225,742 $412,976,083
2018 $24,067,750,760 $383,717,328
2017 $23,136,247,991 $322,002,845
2016 $21,717,604,952 $292,267,272
2015 $20,979,791,685 $259,999,643
2014 $19,756,533,972 $293,119,143
2013 $18,499,729,215 $267,041,748
2012 $18,528,554,398 $225,815,132
2011 $17,710,275,685 $226,455,001
2010 $15,839,344,592 $190,021,192
2009 $14,587,496,229 $200,668,065
2008 $13,881,731,876 $188,021,165
2007 $12,361,257,681 $149,146,919
2006 $10,917,477,066 $142,775,104
2005 $9,757,012,697 $136,450,662
2004 $8,869,299,234 $114,582,284
2003 $8,230,391,347 $102,085,769
2002 $7,858,255,413 $85,171,074
2001 $7,651,162,302 $75,951,133
2000 $7,186,638,029 $76,198,395
1999 $6,394,090,592 $77,302,212
1998 $6,163,707,533 $72,285,404
1997 $5,569,178,707 $91,920,274
1996 $4,798,834,459 $135,188,166
1995 $4,672,346,194 $103,695,237
1994 $4,105,686,899 $131,338,415
1993 $4,190,773,622 $125,742,229
1992 $4,122,846,905 $94,861,781
1991 $3,699,381,195 $107,484,143
1990 $3,734,460,117 $119,297,933
1989 $4,375,896,552 $98,545,367
1988 $4,892,660,944 $99,000,764
1987 $5,024,800,000 $115,952,925
1986 $4,706,100,000 $115,928,907
1985 $4,328,300,000 $82,733,069
1984 $4,029,900,000 $78,213,796
1983 $3,840,550,000 $75,110,289
1982 $3,619,500,000 $80,307,763
1981 $3,501,800,000 $83,499,264
1980 $3,184,400,000 $81,662,231
1979 $2,778,900,000 $65,755,928
1978 $2,393,650,000 $55,044,563
1977 $1,900,700,000 $49,207,692
1976 $1,589,300,000 $52,039,421
1975 $1,330,050,000 $60,101,710
1974 $1,243,000,000 $57,817,591
1973 $1,128,299,436 $56,011,245
1972 $1,030,645,362 $41,430,257
1971 $958,450,000 $37,288,845
1970 $904,400,000 $37,211,826
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/sao-tome-and-principe | CC BY

GDP per capita in Honduras vs Sao Tome and Principe by year

Honduras
GDP per capita

GDP per capita, PPP
Sao Tome and Principe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Sao Tome
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $3,491 $6,242
2023 $3,227 $7,178 $2,991 $6,150
2022 $3,003 $6,805 $2,390 $6,034
2021 $2,735 $6,203 $2,363 $5,733
2020 $2,308 $5,385 $2,167 $5,145
2019 $2,502 $5,785 $1,935 $4,655
2018 $2,465 $5,633 $1,826 $3,941
2017 $2,413 $5,621 $1,556 $3,436
2016 $2,307 $5,186 $1,435 $3,320
2015 $2,271 $4,846 $1,298 $3,172
2014 $2,180 $4,460 $1,490 $3,233
2013 $2,081 $4,137 $1,383 $2,946
2012 $2,126 $4,016 $1,192 $2,653
2011 $2,074 $3,901 $1,220 $2,914
2010 $1,893 $3,758 $1,045 $2,859
2009 $1,781 $3,656 $1,128 $2,846
2008 $1,732 $3,806 $1,082 $2,802
2007 $1,578 $3,664 $879 $2,650
2006 $1,426 $3,438 $862 $2,551
2005 $1,305 $3,204 $844 $2,329
2004 $1,215 $3,001 $727 $2,171
2003 $1,156 $2,821 $664 $2,094
2002 $1,132 $2,715 $568 $1,945
2001 $1,132 $2,645 $519 $1,898
2000 $1,093 $2,587 $529 $1,830
1999 $999 $2,372 $543 $1,802
1998 $989 $2,152 $514 $1,754
1997 $917 $1,959 $662 $1,714
1996 $813 $1,617 $987 $1,693
1995 $814 $1,329 $769 $1,663
1994 $736 $1,074 $990 $1,623
1993 $773 $838 $964 $1,581
1992 $782 $741 $740 $1,556
1991 $722 $684 $855 $1,540
1990 $750 $540 $970 $1,504
1989 $904 - $821 -
1988 $1,039 - $847 -
1987 $1,098 - $1,018 -
1986 $1,058 - $1,043 -
1985 $1,001 - $761 -
1984 $960 - $735 -
1983 $942 - $720 -
1982 $914 - $783 -
1981 $912 - $830 -
1980 $854 - $829 -
1979 $769 - $683 -
1978 $683 - $587 -
1977 $559 - $539 -
1976 $482 - $585 -
1975 $417 - $693 -
1974 $401 - $683 -
1973 $375 - $676 -
1972 $353 - $511 -
1971 $338 - $470 -
1970 $329 - $479 -
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/sao-tome-and-principe | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $3,491 in Sao Tome and Principe, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Sao Tome and Principe ranks 151st at $6,242.

Economic indicators

Honduras Sao Tome
Gross domestic product
$37.1B
2024
$822M
2024
GDP rank
104/197
2024
189/197
2024
GDP growth
3.55%
2023-2024
1.1%
2023-2024
GDP per capita
$3,426
2024
$3,491
2024
GDP per capita rank
136/197
2024
134/197
2024
GDP per capita, PPP
$7,486
2024
$6,242
2024
GDP per capita PPP rank
146/197
2024
151/197
2024
Government debt
$17.5B
2024
$533M
2024
Debt-to-GDP ratio
47.1%
2024
64.8%
2024
Government debt per person
$1,613
2024
$2,262
2024
Government debt per person rank
126/185
2024
116/185
2024
Average annual personal income after taxes
$4,901
2026
$3,111
2026
Income share by richest 10%
32.3%
2024
32.8%
2017
Income share by poorest 10%
1.2%
2024
2.6%
2017
Government expenditure, % of GDP
25.7%
2024
24.7%
2024
Consumer prices inflation
4.61%
2023-2024
14.4%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
6.66%
2017
Population
11237619
246362

Spending and national debt comparison by year

Honduras
Spending

Debt
Sao Tome and Principe
Spending

Debt
1x
Year % of GDP
Honduras Sao Tome
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 24.7% 64.8%
2023 27.2% 47.9% 23.9% 73.2%
2022 24% 51% 27.7% 86.8%
2021 28.8% 50.3% 25.6% 85.1%
2020 28.4% 52.5% 23.2% 91%
2019 25.9% 44.1% 22.8% 98.6%
2018 26.2% 43.5% 28% 95.9%
2017 26.9% 43.6% 31.9% 92.3%
2016 27.4% 40.3% 38.3% 104.6%
2015 26% 42.3% 41.6% 101.1%
2014 26.4% 43% 36% 92.5%
2013 28% 42.1% 35.5% 76.8%
2012 26.4% 32.4% 50.5% 59.6%
2011 25.9% 31.5% 53.4% 86%
2010 26.5% 28.9% 51.7% 83%
2009 28.4% 23.8% 48.6% 70.3%
2008 26.4% 22.3% 30.4% 60.7%
2007 24.4% 24% 38.9% 110.1%
2006 24.4% 39.2% 32.5% 283.2%
2005 23.6% 55.6% 43.7% 334%
2004 25.5% 60.9% 60.6% 354%
2003 26.4% 67.8% 51.9% 329%
2002 26.8% 64.2% 44.3% 367%
2001 25.1% 63.4% 52.8% 418%
2000 22.1% 65.8% 10.7% -
1999 23.3% 75.8% - -
1998 19.4% 67.4% - -
1997 19.4% 70.8% - -
1996 18.7% 64.6% - -
1995 17.2% 65.4% - -
1994 19.2% 86.4% - -
1993 23.7% 108% - -
1992 20.5% 116.5% - -
1991 18.8% 122.2% - -
1990 16.4% 200.3% - -
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/sao-tome-and-principe | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Sao Tome and Principe spent $203M, or 24.7% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 64.8% in Sao Tome and Principe, ranking 115/185 and 69/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Sao Tome and Principe
1x
Year Deficit/surplus, % of GDP
Honduras Sao Tome
2024 -1.12% 0.92%
2023 -1.96% -2.13%
2022 1.57% -2.24%
2021 -3.17% -1.52%
2020 -4.58% 2.94%
2019 0.09% -0.07%
2018 0.2% -2.02%
2017 -0.41% -3.11%
2016 -0.4% -5.01%
2015 -0.78% -7.6%
2014 -2.81% -6.27%
2013 -5.48% 2.13%
2012 -3.48% -12.3%
2011 -2.94% -13%
2010 -3.37% -12.1%
2009 -4.86% -18%
2008 -0.27% 13.6%
2007 -0.25% 125.1%
2006 -1.36% 18%
2005 -0.03% 26.8%
2004 -2.48% -25.1%
2003 -5.09% -15.9%
2002 -5.02% -10.4%
2001 -3.12% -13.5%
2000 1.51% 51.5%
1999 1.38% -
1998 2.89% -
1997 0.08% -
1996 0.13% -
1995 -0.24% -
1994 -0.98% -
1993 -5.03% -
1992 -1.41% -
1991 -1.95% -
1990 -1.82% -
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) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/honduras/sao-tome-and-principe | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Sao Tome and Principe's surplus of $7.57M, or 0.92% of GDP.

Over the past 25 years, Honduras recorded a fiscal deficit in 21 of those years, while Sao Tome and Principe ran a deficit in 17 years. On average, Honduras posted an annual deficit equal to 1.98% of GDP, compared to surplus of 3.63% of GDP for Sao Tome and Principe.

Inflation comparison by year

Inflation
Honduras

Sao Tome and Principe
1x
Year Consumer prices inflation
Honduras Sao Tome
2024 4.61% 14.4%
2023 6.66% 21.2%
2022 9.09% 18%
2021 4.48% 8.1%
2020 3.47% 9.8%
2019 4.37% 7.7%
2018 4.35% 7.9%
2017 3.93% 5.7%
2016 2.72% 5.4%
2015 3.16% 6.1%
2014 6.13% 7%
2013 5.16% 8.1%
2012 5.2% 10.6%
2011 6.76% 14.3%
2010 4.7% 13.3%
2009 5.5% 17%
2008 11.4% 32%
2007 6.94% 18.6%
2006 5.58% 23.1%
2005 8.81% 17.2%
2004 8.11% 13.3%
2003 7.67% 9.8%
2002 7.69% 10.1%
2001 9.67% 9.2%
2000 11% 11%
1999 11.7% 11%
1998 13.7% 42.1%
1997 20.2% 69%

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/sao-tome-and-principe | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 15.8% in Sao Tome and Principe. In 2024, inflation was 4.61% in Honduras and 14.4% in Sao Tome and Principe.

Balance of trade

Honduras Sao Tome
Current account balance
-$1.65B
2024
$41.5M
2024
Current account balance ranking
137/190
2024
74/190
2024
Current account balance, % of GDP
-4.45%
2024
+5.05%
2024
Goods imports
$14.6B
2024
$153M
2024
Goods exports
$5.67B
2024
$29.3M
2024
Service imports
$3.67B
2024
$83M
2024
Service exports
$3.75B
2024
$88.2M
2024
Imports of goods and services, % of GDP
57.6%
2024
n/a
Exports of goods and services, % of GDP
33.5%
2024
10%
2025

Economic freedom indices

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

Honduras Sao Tome
Economic freedom 59.1 60.6
Economic freedom ranking 105/197 93/197
Property rights 35.7 55.2
Government integrity 24.6 47.2
Judicial effectiveness 27.6 60.8
Tax burden 83.1 88.6
Government spending 80.3 80.6
Fiscal health 95.2 89.5
Business freedom 59.4 59.9
Labor freedom 37.9 40.8
Monetary freedom 70.1 59.4
Trade freedom 69.8 65
Investment freedom 65 50
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Sao Tome and Principe
1x
Year Economic freedom index
Honduras Sao Tome
2026 59.1 60.6
2025 59.6 60.4
2024 58.6 60.5
2023 58.7 61.5
2022 59.5 60.3
2021 59.8 55.9
2020 61.1 56.2
2019 60.2 54
2018 60.6 53.6
2017 58.8 55.4
2016 57.7 56.7
2015 57.4 53.3
2014 57.1 48.8
2013 58.4 48
2012 58.8 50.2
2011 58.6 49.5
2010 58.3 48.8
2009 58.7 43.8
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/sao-tome-and-principe | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 60.6 for Sao Tome and Principe, ranking 93/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Sao Tome
Services, % of GDP
58.4%
2024
80.3%
2024
Industry, % of GDP
26.1%
2024
2.83%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
12.5%
2024
GNI, Atlas method
$32.7B
2024
$671M
2024
GNI per capita, PPP
$6,900
2024
$6,240
2024
Total reserves including gold
$8.04B
2024
$46.2M
2023
Total reserves ranking
84/177
2024
176/177
2023
Net foreign direct investment
-$620M
2024
$20.5M
2024
Net inflows of foreign direct investment
$1.31B
2024
-$16.7M
2024
Net outflows of foreign direct investment
$689M
2024
$3.83M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
0.64%
2024
Poverty at national poverty lines
62.9%
2024
66.2%
2020
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/sao-tome-and-principe | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.