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Economy of Honduras vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $6.97B for Sierra Leone, ranking 104/197 and 160/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Honduras vs Sierra Leone GDP by year

Honduras
Sierra Leone
1x
Year GDP, current $
Honduras Sierra Leone
2024 $37,093,565,854 $6,971,127,235
2023 $34,355,805,528 $6,415,852,767
2022 $31,426,041,807 $7,121,125,278
2021 $28,144,331,507 $7,166,931,485
2020 $23,352,232,484 $6,688,307,703
2019 $24,882,225,742 $6,523,577,594
2018 $24,067,750,760 $6,390,514,689
2017 $23,136,247,991 $5,749,846,528
2016 $21,717,604,952 $6,084,297,211
2015 $20,979,791,685 $6,788,352,975
2014 $19,756,533,972 $7,686,138,791
2013 $18,499,729,215 $7,502,762,863
2012 $18,528,554,398 $6,141,666,509
2011 $17,710,275,685 $4,861,632,885
2010 $15,839,344,592 $4,262,805,967
2009 $14,587,496,229 $3,953,403,098
2008 $13,881,731,876 $4,157,895,298
2007 $12,361,257,681 $3,632,957,611
2006 $10,917,477,066 $3,263,697,467
2005 $9,757,012,697 $2,545,275,313
2004 $8,869,299,234 $2,237,350,687
2003 $8,230,391,347 $2,142,618,046
2002 $7,858,255,413 $1,933,863,911
2001 $7,651,162,302 $1,681,473,894
2000 $7,186,638,029 $635,866,404
1999 $6,394,090,592 $669,386,624
1998 $6,163,707,533 $672,368,187
1997 $5,569,178,707 $850,232,760
1996 $4,798,834,459 $941,709,423
1995 $4,672,346,194 $870,740,292
1994 $4,105,686,899 $911,853,802
1993 $4,190,773,622 $768,867,883
1992 $4,122,846,905 $679,940,814
1991 $3,699,381,195 $779,981,987
1990 $3,734,460,117 $649,644,098
1989 $4,375,896,552 $932,974,420
1988 $4,892,660,944 $1,055,083,933
1987 $5,024,800,000 $660,106,336
1986 $4,706,100,000 $490,181,457
1985 $4,328,300,000 $856,890,459
1984 $4,029,900,000 $1,087,471,862
1983 $3,840,550,000 $995,104,305
1982 $3,619,500,000 $1,295,361,886
1981 $3,501,800,000 $1,114,830,472
1980 $3,184,400,000 $1,100,685,845
1979 $2,778,900,000 $1,109,374,911
1978 $2,393,650,000 $960,728,339
1977 $1,900,700,000 $691,777,584
1976 $1,589,300,000 $594,895,942
1975 $1,330,050,000 $679,336,344
1974 $1,243,000,000 $648,590,643
1973 $1,128,299,436 $575,230,724
1972 $1,030,645,362 $465,381,340
1971 $958,450,000 $419,549,305
1970 $904,400,000 $434,410,974
1969 $844,400,000 $408,690,163
1968 $815,450,000 $329,859,732
1967 $750,950,000 $348,795,303
1966 $692,150,000 $375,479,850
1965 $651,050,000 $359,379,856
1964 $591,100,000 $371,847,461
1963 $553,500,000 $348,547,279
1962 $532,450,000 $342,721,416
1961 $503,300,000 $327,834,191
1960 $475,650,000 $322,009,962

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

GeoRank.org/economy/honduras/sierra-leone | CC BY

GDP per capita in Honduras vs Sierra Leone by year

Honduras
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $807 $3,522
2023 $3,227 $7,178 $758 $3,368
2022 $3,003 $6,805 $860 $3,144
2021 $2,735 $6,203 $885 $2,849
2020 $2,308 $5,385 $845 $2,719
2019 $2,502 $5,785 $844 $2,704
2018 $2,465 $5,633 $846 $2,640
2017 $2,413 $5,621 $779 $2,501
2016 $2,307 $5,186 $844 $2,635
2015 $2,271 $4,846 $965 $2,560
2014 $2,180 $4,460 $1,118 $2,762
2013 $2,081 $4,137 $1,117 $2,701
2012 $2,126 $4,016 $938 $2,317
2011 $2,074 $3,901 $761 $2,043
2010 $1,893 $3,758 $685 $1,900
2009 $1,781 $3,656 $653 $1,814
2008 $1,732 $3,806 $705 $1,824
2007 $1,578 $3,664 $632 $1,770
2006 $1,426 $3,438 $580 $1,698
2005 $1,305 $3,204 $463 $1,615
2004 $1,215 $3,001 $418 $1,541
2003 $1,156 $2,821 $414 $1,458
2002 $1,132 $2,715 $389 $1,360
2001 $1,132 $2,645 $358 $1,121
2000 $1,093 $2,587 $143.7 $1,242
1999 $999 $2,372 $155 $1,167
1998 $989 $2,152 $156.5 $1,180
1997 $917 $1,959 $199.9 $1,157
1996 $813 $1,617 $224.3 $1,225
1995 $814 $1,329 $208.4 $1,187
1994 $736 $1,074 $218.5 $1,266
1993 $773 $838 $185 $1,269
1992 $782 $741 $163.2 $1,220
1991 $722 $684 $183.7 $1,445
1990 $750 $540 $154.8 $1,382
1989 $904 - $231.3 -
1988 $1,039 - $268.2 -
1987 $1,098 - $172.4 -
1986 $1,058 - $131.5 -
1985 $1,001 - $235.5 -
1984 $960 - $306 -
1983 $942 - $285.8 -
1982 $914 - $380 -
1981 $912 - $334 -
1980 $854 - $336 -
1979 $769 - $346 -
1978 $683 - $305 -
1977 $559 - $224.2 -
1976 $482 - $196.4 -
1975 $417 - $228.4 -
1974 $401 - $222.1 -
1973 $375 - $200.6 -
1972 $353 - $165.4 -
1971 $338 - $151.8 -
1970 $329 - $160.2 -
1969 $316 - $153.6 -
1968 $314 - $126.3 -
1967 $298.2 - $136.1 -
1966 $282.9 - $149.3 -
1965 $273.9 - $145.6 -
1964 $255.9 - $153.4 -
1963 $246.6 - $146.3 -
1962 $244 - $146.3 -
1961 $237.3 - $142.3 -
1960 $230.7 - $142 -

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

GeoRank.org/economy/honduras/sierra-leone | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Honduras Sierra Leone
Gross domestic product
$37.1B
2024
$6.97B
2024
GDP rank
104/197
2024
160/197
2024
GDP growth
3.55%
2023-2024
4.29%
2023-2024
GDP per capita
$3,426
2024
$807
2024
GDP per capita rank
136/197
2024
186/197
2024
GDP per capita, PPP
$7,486
2024
$3,522
2024
GDP per capita PPP rank
146/197
2024
171/197
2024
Government debt
$17.5B
2024
$2.91B
2024
Debt-to-GDP ratio
47.1%
2024
41.7%
2024
Government debt per person
$1,613
2024
$337
2024
Government debt per person rank
126/185
2024
174/185
2024
Average annual personal income after taxes
$4,901
2026
$2,915
2026
Income share by richest 10%
32.3%
2024
29.4%
2018
Income share by poorest 10%
1.2%
2024
3.4%
2018
Government expenditure, % of GDP
25.7%
2024
15.6%
2024
Consumer prices inflation
4.61%
2023-2024
28.4%
2023-2024
Central bank interest rate
5.75%
2024
18.8%
2025
Unemployment rate
4.91%
2024
3.19%
2018
Population
11237619
9049533

Spending and national debt comparison by year

Honduras
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Honduras Sierra Leone
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 15.6% 41.7%
2023 27.2% 47.9% 15.4% 49.5%
2022 24% 51% 16.7% 54%
2021 28.8% 50.3% 16.8% 47.1%
2020 28.4% 52.5% 15.6% 46.4%
2019 25.9% 44.1% 13.3% 45.3%
2018 26.2% 43.5% 13.7% 44.2%
2017 26.9% 43.6% 15% 44.2%
2016 27.4% 40.3% 14.9% 38.9%
2015 26% 42.3% 13.1% 28.4%
2014 26.4% 43% 13.5% 26.8%
2013 28% 42.1% 11.4% 22.3%
2012 26.4% 32.4% 13.5% 24.1%
2011 25.9% 31.5% 13.2% 25.8%
2010 26.5% 28.9% 12.5% 28.9%
2009 28.4% 23.8% 11.3% 31.1%
2008 26.4% 22.3% 10.3% 46.1%
2007 24.4% 24% 8.1% 26.4%
2006 24.4% 39.2% 9.97% 61.9%
2005 23.6% 55.6% 10.9% 78.9%
2004 25.5% 60.9% 11.1% 93.2%
2003 26.4% 67.8% 11.7% 99.8%
2002 26.8% 64.2% 12.6% 99.8%
2001 25.1% 63.4% 12% 113.5%
2000 22.1% 65.8% 10.3% -
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/sierra-leone | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 41.7% in Sierra Leone, ranking 115/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Honduras Sierra Leone
2024 -1.12% -4.53%
2023 -1.96% -4.99%
2022 1.57% -5.93%
2021 -3.17% -4.35%
2020 -4.58% -3.5%
2019 0.09% -1.95%
2018 0.2% -3.57%
2017 -0.41% -5.61%
2016 -0.4% -5.41%
2015 -0.78% -2.86%
2014 -2.81% -2.77%
2013 -5.48% -1.74%
2012 -3.48% -3.41%
2011 -2.94% -2.78%
2010 -3.37% -3.09%
2009 -4.86% -1.51%
2008 -0.27% -2.22%
2007 -0.25% 12.6%
2006 -1.36% -0.93%
2005 -0.03% -1.17%
2004 -2.48% -1.46%
2003 -5.09% -2.78%
2002 -5.02% -3.03%
2001 -3.12% -3.22%
2000 1.51% -1.94%
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/sierra-leone | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Honduras recorded a fiscal deficit in 21 of those years, while Sierra Leone ran a deficit in 24 years. On average, Honduras posted an annual deficit equal to 1.98% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Honduras

Sierra Leone
1x
Year Consumer prices inflation
Honduras Sierra Leone
2024 4.61% 28.4%
2023 6.66% 47.7%
2022 9.09% 27.2%
2021 4.48% 11.9%
2020 3.47% 13.4%
2019 4.37% 14.8%
2018 4.35% 16%
2017 3.93% 18.2%
2016 2.72% 10.9%
2015 3.16% 6.7%
2014 6.13% 4.6%
2013 5.16% 5.5%
2012 5.2% 6.6%
2011 6.76% 6.8%
2010 4.7% 7.2%
2009 5.5% 7.5%
2008 11.4% 8.2%
2007 6.94% 17%
2006 5.58% 10.5%
2005 8.81% 13.7%
2004 8.11% 12.9%
2003 7.67% 4%
2002 7.69% 0.1%
2001 9.67% 2.6%
2000 11% -0.9%
1999 11.7% 34.1%
1998 13.7% 36%
1997 20.2% 14.6%

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/sierra-leone | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 13.8% in Sierra Leone. In 2024, inflation was 4.61% in Honduras and 28.4% in Sierra Leone.

Balance of trade

Honduras Sierra Leone
Current account balance
-$1.65B
2024
-$606M
2023
Current account balance ranking
137/190
2024
109/190
2023
Current account balance, % of GDP
-4.45%
2024
-9.45%
2023
Goods imports
$14.6B
2024
$1.92B
2023
Goods exports
$5.67B
2024
$1.34B
2023
Service imports
$3.67B
2024
$348M
2023
Service exports
$3.75B
2024
$42.5M
2023
Imports of goods and services, % of GDP
57.6%
2024
23.3%
2024
Exports of goods and services, % of GDP
33.5%
2024
17.3%
2024

Economic freedom indices

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

Honduras Sierra Leone
Economic freedom 59.1 49.6
Economic freedom ranking 105/197 165/197
Property rights 35.7 32.9
Government integrity 24.6 35.8
Judicial effectiveness 27.6 42
Tax burden 83.1 88.2
Government spending 80.3 92.4
Fiscal health 95.2 54.1
Business freedom 59.4 44.8
Labor freedom 37.9 38.2
Monetary freedom 70.1 53.6
Trade freedom 69.8 63.6
Investment freedom 65 30
Financial freedom 60 20

Economic freedom comparison by year

Honduras
Sierra Leone
1x
Year Economic freedom index
Honduras Sierra Leone
2026 59.1 49.6
2025 59.6 48
2024 58.6 44.6
2023 58.7 50.2
2022 59.5 52
2021 59.8 51.7
2020 61.1 48
2019 60.2 47.5
2018 60.6 51.8
2017 58.8 52.6
2016 57.7 52.3
2015 57.4 51.7
2014 57.1 50.5
2013 58.4 48.3
2012 58.8 49.1
2011 58.6 49.6
2010 58.3 47.9
2009 58.7 47.8
2008 58.9 48.3
2007 59.1 47
2006 57.4 45.2
2005 55.3 44.8
2004 55.3 43.6
2003 60.4 42.2
2002 58.7 -
2001 57 -
2000 57.6 44.2
1999 56.7 47.2
1998 56.2 47.7
1997 56 45
1996 56.6 52.3
1995 57 49.8

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

GeoRank.org/economy/honduras/sierra-leone | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Sierra Leone
Services, % of GDP
58.4%
2024
42.6%
2024
Industry, % of GDP
26.1%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
29.2%
2024
GNI, Atlas method
$32.7B
2024
$7.08B
2024
GNI per capita, PPP
$6,900
2024
$3,490
2024
Total reserves including gold
$8.04B
2024
$433M
2024
Total reserves ranking
84/177
2024
160/177
2024
Net foreign direct investment
-$620M
2024
-$241M
2023
Net inflows of foreign direct investment
$1.31B
2024
$122M
2024
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
2.22%
2024
Poverty at national poverty lines
62.9%
2024
56.8%
2018
Gross capital formation, % of GDP
22.5%
2024
20.5%
2024

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/sierra-leone | 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)

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.