Skip to content

Economy of Honduras vs Slovakia compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $155B for Slovakia, ranking 104/197 and 60/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Honduras vs Slovakia GDP by year

Honduras
Slovakia
1x
Year GDP, current $
Honduras Slovakia
2025 $39,601,409,103 $154,530,066,507
2024 $36,980,171,442 $140,934,076,532
2023 $34,355,805,528 $133,578,518,424
2022 $31,426,041,807 $115,792,972,358
2021 $28,144,331,507 $120,511,265,913
2020 $23,352,232,484 $107,732,602,896
2019 $24,882,225,742 $105,843,498,304
2018 $24,067,750,760 $106,611,673,365
2017 $23,136,247,991 $95,978,130,735
2016 $21,717,604,952 $90,347,173,229
2015 $20,979,791,685 $89,178,548,717
2014 $19,756,533,972 $101,713,075,599
2013 $18,499,729,215 $99,134,277,850
2012 $18,528,554,398 $94,724,394,278
2011 $17,710,275,685 $99,705,104,723
2010 $15,839,344,592 $91,112,160,801
2009 $14,587,496,229 $89,342,984,698
2008 $13,881,731,876 $96,685,492,864
2007 $12,361,257,681 $77,019,443,089
2006 $10,917,477,066 $57,111,148,619
2005 $9,757,012,697 $48,823,790,951
2004 $8,869,299,234 $42,960,730,480
2003 $8,230,391,347 $33,761,723,946
2002 $7,858,255,413 $24,768,142,566
2001 $7,651,162,302 $21,377,597,035
2000 $7,186,638,029 $20,626,538,612
1999 $6,394,090,592 $20,813,421,086
1998 $6,163,707,533 $22,911,708,405
1997 $5,569,178,707 $22,026,728,498
1996 $4,798,834,459 $21,864,845,214
1995 $4,672,346,194 $20,306,095,054
1994 $4,105,686,899 $16,187,735,322
1993 $4,190,773,622 $13,991,963,247
1992 $4,122,846,905 $12,932,972,789
1991 $3,699,381,195 $11,952,983,608
1990 $3,734,460,117 $17,068,924,602
1989 $4,375,896,552 -
1988 $4,892,660,944 -
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/slovakia | CC BY

GDP per capita in Honduras vs Slovakia by year

Honduras
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $28,544 -
2024 $3,416 $7,486 $25,993 $48,132
2023 $3,227 $7,178 $24,615 $45,974
2022 $3,003 $6,805 $21,318 $41,562
2021 $2,735 $6,203 $22,123 $38,346
2020 $2,308 $5,385 $19,735 $35,328
2019 $2,502 $5,785 $19,406 $33,986
2018 $2,465 $5,633 $19,573 $31,510
2017 $2,413 $5,621 $17,646 $30,246
2016 $2,307 $5,186 $16,636 $29,868
2015 $2,271 $4,846 $16,442 $30,148
2014 $2,180 $4,460 $18,771 $29,108
2013 $2,081 $4,137 $18,313 $28,075
2012 $2,126 $4,016 $17,517 $27,023
2011 $2,074 $3,901 $18,469 $26,202
2010 $1,893 $3,758 $16,899 $25,382
2009 $1,781 $3,656 $16,587 $23,077
2008 $1,732 $3,806 $17,974 $23,714
2007 $1,578 $3,664 $14,330 $21,232
2006 $1,426 $3,438 $10,629 $18,906
2005 $1,305 $3,204 $9,087 $16,570
2004 $1,215 $3,001 $7,997 $15,166
2003 $1,156 $2,821 $6,283 $14,088
2002 $1,132 $2,715 $4,606 $13,292
2001 $1,132 $2,645 $3,974 $12,367
2000 $1,093 $2,587 $3,828 $11,370
1999 $999 $2,372 $3,857 $10,726
1998 $989 $2,152 $4,250 $10,666
1997 $917 $1,959 $4,092 $10,137
1996 $813 $1,617 $4,069 $9,500
1995 $814 $1,329 $3,787 $8,812
1994 $736 $1,074 $3,028 $8,178
1993 $773 $838 $2,627 $7,569
1992 $782 $741 $2,438 $7,270
1991 $722 $684 $2,254 $7,623
1990 $750 $540 $3,221 $8,638
1989 $904 - - -
1988 $1,039 - - -
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/slovakia | CC BY

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Slovakia ranks 49th at $48,132.

Economic indicators

Honduras Slovakia
Gross domestic product
$39.6B
2025
$155B
2025
GDP rank
104/197
2025
60/197
2025
GDP growth
3.75%
2024-2025
0.81%
2024-2025
GDP per capita
$3,598
2025
$28,544
2025
GDP per capita rank
137/197
2025
46/197
2025
GDP per capita, PPP
$7,486
2024
$48,132
2024
GDP per capita PPP rank
146/197
2024
49/197
2024
Government debt
$16.3B
2025
$95.3B
2025
Debt-to-GDP ratio
41.2%
2025
61.6%
2025
Government debt per person
$1,483
2025
$17,597
2025
Government debt per person rank
132/185
2025
36/185
2025
Average annual personal income after taxes
$2,887
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
32.3%
2024
18.8%
2023
Income share by poorest 10%
1.2%
2024
3.3%
2023
Government expenditure, % of GDP
24.9%
2025
48.7%
2025
Consumer prices inflation
4.6%
2024-2025
4%
2024-2025
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.85%
2025
5.4%
2025
Population
11279259
5376239

Spending and national debt comparison by year

Honduras
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Honduras Slovakia
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 48.7% 61.6%
2024 25.7% 41.5% 47.5% 59.7%
2023 27.2% 41.7% 48.2% 55.8%
2022 24% 46.9% 43.1% 57.8%
2021 28.8% 52.7% 44.8% 60.2%
2020 28.4% 53.5% 44.5% 58.4%
2019 25.9% 43.3% 40.6% 48%
2018 26.2% 42.4% 39.7% 49.3%
2017 26.9% 41.3% 39.8% 51.4%
2016 27.4% 39.4% 40.9% 52.1%
2015 26% 38.3% 44.1% 51.6%
2014 26.4% 35.2% 42% 53.4%
2013 28% 37.3% 41.1% 54.6%
2012 26.4% 27.1% 40% 51.7%
2011 25.9% 24.6% 40.8% 43.3%
2010 26.5% 21.8% 41% 40.7%
2009 28.4% 23.8% 43.2% 36.4%
2008 26.4% 22.3% 36.5% 28.6%
2007 24.4% 24% 35.9% 30.4%
2006 24.4% 39.2% 38.2% 31.5%
2005 23.6% 55.6% 39.1% 35%
2004 25.5% 60.9% 38.4% 42%
2003 26.4% 67.8% 40% 43.6%
2002 26.8% 64.2% 46% 45.6%
2001 25.1% 63.4% 46.2% 51.4%
2000 22.1% 65.8% 53.2% 50.6%
1999 23.3% 75.8% 48.4% 47.1%
1998 19.4% 67.4% 46.2% 33.9%
1997 19.4% 70.8% 48.6% 32.8%
1996 18.7% 64.6% 52.8% 30.3%
1995 17.2% 65.4% 47.8% 21.3%
1994 19% 85.5% - -
1993 24.5% 111.7% - -
1992 21.6% 123.2% - -
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 (1960–1989, retrieved 2026-07-08).

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

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 61.6% in Slovakia, ranking 128/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Slovakia
1x
Year Deficit/surplus, % of GDP
Honduras Slovakia
2025 -0.74% -5.02%
2024 -1.12% -5.5%
2023 -1.96% -5.3%
2022 1.57% -1.56%
2021 -3.17% -5.09%
2020 -4.58% -5.3%
2019 0.09% -1.21%
2018 0.2% -1.01%
2017 -0.41% -0.98%
2016 -0.4% -2.59%
2015 -0.78% -2.78%
2014 -2.81% -3.25%
2013 -5.48% -2.86%
2012 -3.48% -4.37%
2011 -2.94% -4.36%
2010 -3.37% -7.44%
2009 -4.86% -8.18%
2008 -0.27% -2.54%
2007 -0.25% -2.26%
2006 -1.36% -3.57%
2005 -0.03% -2.86%
2004 -2.48% -2.36%
2003 -5.09% -2.28%
2002 -5.02% -8.35%
2001 -3.12% -7.74%
2000 1.51% -12.7%
1999 1.38% -7.25%
1998 2.89% -5.37%
1997 0.08% -6.24%
1996 0.13% -9.72%
1995 -0.24% -3.43%
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% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

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

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Honduras recorded a fiscal deficit in 23 of those years, while Slovakia ran a deficit in 31 years. On average, Honduras posted an annual deficit equal to 1.49% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Honduras

Slovakia
1x
Year Consumer prices inflation
Honduras Slovakia
2025 4.6% 4%
2024 4.61% 2.76%
2023 6.66% 10.5%
2022 9.09% 12.8%
2021 4.48% 3.15%
2020 3.47% 1.94%
2019 4.37% 2.66%
2018 4.35% 2.51%
2017 3.93% 1.31%
2016 2.72% -0.52%
2015 3.16% -0.33%
2014 6.13% -0.08%
2013 5.16% 1.4%
2012 5.2% 3.61%
2011 6.76% 3.92%
2010 4.7% 0.96%
2009 5.5% 1.62%
2008 11.4% 4.6%
2007 6.94% 2.76%
2006 5.58% 4.48%
2005 8.81% 2.71%
2004 8.11% 7.55%
2003 7.67% 8.55%
2002 7.69% 3.13%
2001 9.67% 7.33%
2000 11% 12%
1999 11.7% 10.6%
1998 13.7% 6.67%
1997 20.2% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 4.44% in Slovakia. In 2025, inflation was 4.6% in Honduras and 4% in Slovakia.

Top exports between countries

Honduras
Export category Export value
Machinery & equipment $2.2M
Processed food, beverages & tobacco $500K
Animal & marine products $493K
Slovakia
Export category Export value
Machinery & equipment $877K
Raw materials & minerals $275K
Precious metals & jewellery $125K
Metals $71K
Textiles & consumer goods $61K
Chemicals & pharma $29K
Miscellaneous $1K

Balance of trade

Honduras Slovakia
Current account balance
$936M
2025
-$5.6B
2025
Current account balance ranking
50/190
2025
165/190
2025
Current account balance, % of GDP
+2.36%
2025
-3.63%
2025
Goods imports
$15.4B
2025
$117B
2025
Goods exports
$6.88B
2025
$117B
2025
Service imports
$4.1B
2025
$14.3B
2025
Service exports
$3.89B
2025
$14.7B
2025
Imports of goods and services, % of GDP
56.5%
2025
85.2%
2025
Exports of goods and services, % of GDP
35%
2025
85.1%
2025

Economic freedom indices

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

Honduras Slovakia
Economic freedom 59.1 67.7
Economic freedom ranking 105/197 54/197
Property rights 35.7 82.6
Government integrity 24.6 57.2
Judicial effectiveness 27.6 70.5
Tax burden 83.1 75.4
Government spending 80.3 36.4
Fiscal health 95.2 69.6
Business freedom 59.4 71.1
Labor freedom 37.9 55.1
Monetary freedom 70.1 69.7
Trade freedom 69.8 79.4
Investment freedom 65 75
Financial freedom 60 70

Economic freedom comparison by year

Honduras
Slovakia
1x
Year Economic freedom index
Honduras Slovakia
2026 59.1 67.7
2025 59.6 68.4
2024 58.6 68.1
2023 58.7 69
2022 59.5 69.7
2021 59.8 66.3
2020 61.1 66.8
2019 60.2 65
2018 60.6 65.3
2017 58.8 65.7
2016 57.7 66.6
2015 57.4 67.2
2014 57.1 66.4
2013 58.4 68.7
2012 58.8 67
2011 58.6 69.5
2010 58.3 69.7
2009 58.7 69.4
2008 58.9 70
2007 59.1 69.6
2006 57.4 69.8
2005 55.3 66.8
2004 55.3 64.6
2003 60.4 59
2002 58.7 59.8
2001 57 58.5
2000 57.6 53.8
1999 56.7 54.2
1998 56.2 57.5
1997 56 55.5
1996 56.6 57.6
1995 57 60.4

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Slovakia
Services, % of GDP
57.6%
2025
59.8%
2025
Industry, % of GDP
25.4%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
1.59%
2025
GNI, Atlas method
$36B
2025
$143B
2025
GNI per capita, PPP
$7,270
2025
$47,920
2025
Total reserves including gold
$10.2B
2025
$18.2B
2025
Total reserves ranking
78/177
2025
69/177
2025
Net foreign direct investment
-$810M
2025
-$198M
2025
Net inflows of foreign direct investment
$478M
2024
$5.01B
2024
Net outflows of foreign direct investment
-$49.4M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
60.1%
2025
13.7%
2021
Gross capital formation, % of GDP
24.2%
2025
20.1%
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/slovakia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, 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 (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.