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Economy of Honduras vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Honduras has a GDP of $39.6B compared to $1.75B for the Solomon Islands, ranking 104/197 and 183/197 by economy size, respectively.

Honduras has $16.3B in government debt (41.2% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Honduras vs Solomon Islands GDP by year

Honduras
Solomon Islands
1x
Year GDP, current $
Honduras Solomon Islands
2025 $39,601,409,103 $1,749,572,443
2024 $36,980,171,442 $1,583,964,704
2023 $34,355,805,528 $1,506,124,566
2022 $31,426,041,807 $1,466,670,930
2021 $28,144,331,507 $1,558,312,104
2020 $23,352,232,484 $1,536,143,428
2019 $24,882,225,742 $1,619,150,564
2018 $24,067,750,760 $1,615,473,250
2017 $23,136,247,991 $1,469,790,526
2016 $21,717,604,952 $1,379,486,291
2015 $20,979,791,685 $1,307,908,814
2014 $19,756,533,972 $1,335,576,763
2013 $18,499,729,215 $1,285,905,958
2012 $18,528,554,398 $1,185,217,634
2011 $17,710,275,685 $1,063,898,227
2010 $15,839,344,592 $898,128,551
2009 $14,587,496,229 $805,557,289
2008 $13,881,731,876 $776,335,523
2007 $12,361,257,681 $695,291,218
2006 $10,917,477,066 $617,257,458
2005 $9,757,012,697 $552,881,357
2004 $8,869,299,234 $468,000,121
2003 $8,230,391,347 $417,666,639
2002 $7,858,255,413 $346,406,739
2001 $7,651,162,302 $409,508,553
2000 $7,186,638,029 $419,842,674
1999 $6,394,090,592 $488,024,514
1998 $6,163,707,533 $457,579,840
1997 $5,569,178,707 $526,554,006
1996 $4,798,834,459 $510,586,430
1995 $4,672,346,194 $469,443,202
1994 $4,105,686,899 $402,837,005
1993 $4,190,773,622 $300,746,361
1992 $4,122,846,905 $269,034,596
1991 $3,699,381,195 $227,540,473
1990 $3,734,460,117 $214,877,667
1989 $4,375,896,552 $172,882,411
1988 $4,892,660,944 $176,494,394
1987 $5,024,800,000 $155,128,542
1986 $4,706,100,000 $147,620,048
1985 $4,328,300,000 $165,524,943
1984 $4,029,900,000 $181,570,474
1983 $3,840,550,000 $181,220,399
1982 $3,619,500,000 $192,902,019
1981 $3,501,800,000 $193,750,541
1980 $3,184,400,000 $182,852,107
1979 $2,778,900,000 $151,276,496
1978 $2,393,650,000 $111,027,427
1977 $1,900,700,000 $93,145,283
1976 $1,589,300,000 $83,100,834
1975 $1,330,050,000 $74,620,320
1974 $1,243,000,000 $84,539,332
1973 $1,128,299,436 $55,272,109
1972 $1,030,645,362 $40,606,712
1971 $958,450,000 $50,056,883
1970 $904,400,000 -
1969 $844,400,000 $28,606,411
1968 $815,450,000 $28,084,253
1967 $750,950,000 $25,203,524
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/solomon-islands | CC BY

GDP per capita in Honduras vs Solomon Islands by year

Honduras
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,598 - $2,086 -
2024 $3,416 $7,486 $1,934 $2,675
2023 $3,227 $7,178 $1,883 $2,597
2022 $3,003 $6,805 $1,878 $2,496
2021 $2,735 $6,203 $2,043 $2,450
2020 $2,308 $5,385 $2,063 $2,405
2019 $2,502 $5,785 $2,224 $2,512
2018 $2,465 $5,633 $2,278 $2,494
2017 $2,413 $5,621 $2,144 $2,454
2016 $2,307 $5,186 $2,083 $2,421
2015 $2,271 $4,846 $2,045 $2,354
2014 $2,180 $4,460 $2,165 $2,377
2013 $2,081 $4,137 $2,161 $2,394
2012 $2,126 $4,016 $2,066 $2,320
2011 $2,074 $3,901 $1,924 $2,306
2010 $1,893 $3,758 $1,685 $2,182
2009 $1,781 $3,656 $1,555 $2,021
2008 $1,732 $3,806 $1,526 $1,989
2007 $1,578 $3,664 $1,390 $1,869
2006 $1,426 $3,438 $1,256 $1,786
2005 $1,305 $3,204 $1,144 $1,693
2004 $1,215 $3,001 $986 $1,556
2003 $1,156 $2,821 $896 $1,433
2002 $1,132 $2,715 $757 $1,344
2001 $1,132 $2,645 $912 $1,387
2000 $1,093 $2,587 $953 $1,503
1999 $999 $2,372 $1,134 $1,754
1998 $989 $2,152 $1,092 $1,785
1997 $917 $1,959 $1,292 $1,793
1996 $813 $1,617 $1,289 $1,830
1995 $814 $1,329 $1,220 $1,820
1994 $736 $1,074 $1,078 $1,668
1993 $773 $838 $829 $1,556
1992 $782 $741 $764 $1,505
1991 $722 $684 $666 $1,346
1990 $750 $540 $648 $1,266
1989 $904 - $538 -
1988 $1,039 - $567 -
1987 $1,098 - $515 -
1986 $1,058 - $506 -
1985 $1,001 - $586 -
1984 $960 - $665 -
1983 $942 - $686 -
1982 $914 - $756 -
1981 $912 - $786 -
1980 $854 - $768 -
1979 $769 - $658 -
1978 $683 - $500 -
1977 $559 - $434 -
1976 $482 - $401 -
1975 $417 - $372 -
1974 $401 - $433 -
1973 $375 - $291.3 -
1972 $353 - $219.5 -
1971 $338 - $277.1 -
1970 $329 - - -
1969 $316 - $165.9 -
1968 $314 - $166.9 -
1967 $298.2 - $153.5 -
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/solomon-islands | CC BY

Honduras' GDP per capita is $3,598, ranking 137/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Honduras Solomon Islands
Gross domestic product
$39.6B
2025
$1.75B
2025
GDP rank
104/197
2025
183/197
2025
GDP growth
3.75%
2024-2025
3.62%
2024-2025
GDP per capita
$3,598
2025
$2,086
2025
GDP per capita rank
137/197
2025
157/197
2025
GDP per capita, PPP
$7,486
2024
$2,675
2024
GDP per capita PPP rank
146/197
2024
183/197
2024
Government debt
$16.3B
2025
$501M
2025
Debt-to-GDP ratio
41.2%
2025
28.7%
2025
Government debt per person
$1,483
2025
$598
2025
Government debt per person rank
132/185
2025
162/185
2025
Average annual personal income after taxes
$2,887
2026
$1,986
2026
Income share by richest 10%
32.3%
2024
29.2%
2012
Income share by poorest 10%
1.2%
2024
2.8%
2012
Government expenditure, % of GDP
24.9%
2025
40.6%
2025
Consumer prices inflation
4.6%
2024-2025
3.36%
2024-2025
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.85%
2025
0.69%
2013
Population
11279259
868694

Spending and national debt comparison by year

Honduras
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Honduras Solomon Islands
Government spending Government debt Government spending Government debt
2025 24.9% 41.2% 40.6% 28.7%
2024 25.7% 41.5% 39.6% 26.1%
2023 27.2% 41.7% 44.2% 22.3%
2022 24% 46.9% 43.5% 16.5%
2021 28.8% 52.7% 36.9% 16.1%
2020 28.4% 53.5% 40.4% 9.15%
2019 25.9% 43.3% 35.6% 7.82%
2018 26.2% 42.4% 34.8% 7.95%
2017 26.9% 41.3% 40.4% 8.77%
2016 27.4% 39.4% 39.6% 7.54%
2015 26% 38.3% 41.5% 7.88%
2014 26.4% 35.2% 39.8% 10.1%
2013 28% 37.3% 41.8% 11.6%
2012 26.4% 27.1% 29.4% 13.3%
2011 25.9% 24.6% 26.7% 18.1%
2010 26.5% 21.8% 22.6% 21.6%
2009 28.4% 23.8% 22.7% 17.2%
2008 26.4% 22.3% 24.3% 26.1%
2007 24.4% 24% 21.1% 29.5%
2006 24.4% 39.2% 17.4% 36.9%
2005 23.6% 55.6% 14.7% 38.5%
2004 25.5% 60.9% 12.5% 49.4%
2003 26.4% 67.8% 12.6% 51.8%
2002 26.8% 64.2% 14.1% 55.5%
2001 25.1% 63.4% 15.3% 44.6%
2000 22.1% 65.8% 15.8% 37.4%
1999 23.3% 75.8% 15.8% 35.4%
1998 19.4% 67.4% 13.1% 33.3%
1997 19.4% 70.8% 16.3% 21.9%
1996 18.7% 64.6% 20.4% -
1995 17.2% 65.4% 20.8% -
1994 19% 85.5% 25.5% -
1993 24.5% 111.7% 28.1% -
1992 21.6% 123.2% 29.6% -
1991 20.8% 135.4% 33.2% -
1990 19.4% 236.5% 25.4% -
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/solomon-islands | CC BY

In 2025, Honduras' government spending was $9.87B, accounting for 24.9% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 41.2% in Honduras and 28.7% in the Solomon Islands, ranking 128/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Honduras Solomon Islands
2025 -0.74% -3.24%
2024 -1.12% -2.09%
2023 -1.96% -4.13%
2022 1.57% -2.7%
2021 -3.17% -1.82%
2020 -4.58% -2.44%
2019 0.09% -1.52%
2018 0.2% 1.49%
2017 -0.41% -2.27%
2016 -0.4% -3.56%
2015 -0.78% 0.81%
2014 -2.81% 2.13%
2013 -5.48% 3.57%
2012 -3.48% 4.63%
2011 -2.94% 6.14%
2010 -3.37% 5.67%
2009 -4.86% 2.15%
2008 -0.27% 1.75%
2007 -0.25% 13.7%
2006 -1.36% 11.3%
2005 -0.03% 11.5%
2004 -2.48% 14.5%
2003 -5.09% 8.91%
2002 -5.02% -3.67%
2001 -3.12% -2.02%
2000 1.51% -2.47%
1999 1.38% -0.27%
1998 2.89% 4.25%
1997 0.08% 1.8%
1996 0.13% 3.15%
1995 -0.24% 2.69%
1994 -0.97% 3.65%
1993 -5.21% 2.07%
1992 -1.49% 3.48%
1991 -2.16% 0.12%
1990 -2.15% 0.49%
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/solomon-islands | CC BY

In 2025, Honduras' government deficit, the difference between spending and revenue, was $295M, equivalent to 0.74% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 36 years, Honduras recorded a fiscal deficit in 28 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Honduras posted an annual deficit equal to 1.61% of GDP, compared to surplus of 2.16% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Honduras

Solomon Islands
1x
Year Consumer prices inflation
Honduras Solomon Islands
2025 4.6% 3.36%
2024 4.61% 4.32%
2023 6.66% 5.89%
2022 9.09% 5.52%
2021 4.48% -0.12%
2020 3.47% 2.96%
2019 4.37% 1.63%
2018 4.35% 3.46%
2017 3.93% 0.49%
2016 2.72% 0.51%
2015 3.16% -0.57%
2014 6.13% 5.17%
2013 5.16% 5.39%
2012 5.2% 5.91%
2011 6.76% 7.34%
2010 4.7% 1.05%
2009 5.5% 7.09%
2008 11.4% 17.3%
2007 6.94% 7.67%
2006 5.58% 11.2%
2005 8.81% 7.33%
2004 8.11% 6.99%
2003 7.67% 8.27%
2002 7.69% 10.9%
2001 9.67% 6.93%
2000 11% 7.89%
1999 11.7% 8.02%
1998 13.7% 12.4%
1997 20.2% 8.08%

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

GeoRank.org/economy/honduras/solomon-islands | CC BY

Over the past 29 years, Honduras has recorded an average annual inflation rate of 7.15%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 4.6% in Honduras and 3.36% in the Solomon Islands.

Balance of trade

Honduras Solomon Islands
Current account balance
$936M
2025
-$66.2M
2024
Current account balance ranking
50/190
2025
78/190
2024
Current account balance, % of GDP
+2.36%
2025
-4.18%
2024
Goods imports
$15.4B
2025
$609M
2024
Goods exports
$6.88B
2025
$510M
2024
Service imports
$4.1B
2025
$248M
2024
Service exports
$3.89B
2025
$133M
2024
Imports of goods and services, % of GDP
56.5%
2025
70.8%
2024
Exports of goods and services, % of GDP
35%
2025
40.6%
2024

Economic freedom indices

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

Honduras Solomon Islands
Economic freedom 59.1 53.7
Economic freedom ranking 105/197 137/197
Property rights 35.7 55.8
Government integrity 24.6 42.7
Judicial effectiveness 27.6 59.1
Tax burden 83.1 71.3
Government spending 80.3 54.6
Fiscal health 95.2 83.3
Business freedom 59.4 52.3
Labor freedom 37.9 60.4
Monetary freedom 70.1 76.5
Trade freedom 69.8 43.6
Investment freedom 65 15
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Solomon Islands
1x
Year Economic freedom index
Honduras Solomon Islands
2026 59.1 53.7
2025 59.6 56.3
2024 58.6 55
2023 58.7 56.9
2022 59.5 56.5
2021 59.8 56.5
2020 61.1 52.9
2019 60.2 54.6
2018 60.6 57.5
2017 58.8 55
2016 57.7 47
2015 57.4 47
2014 57.1 46.2
2013 58.4 45
2012 58.8 46.2
2011 58.6 45.9
2010 58.3 42.9
2009 58.7 46
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 2026-07-08).

GeoRank.org/economy/honduras/solomon-islands | CC BY

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Solomon Islands
Services, % of GDP
57.6%
2025
46.9%
2024
Industry, % of GDP
25.4%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
13.3%
2025
29.7%
2024
GNI, Atlas method
$36B
2025
$1.7B
2025
GNI per capita, PPP
$7,270
2025
$2,790
2025
Total reserves including gold
$10.2B
2025
$686M
2024
Total reserves ranking
78/177
2025
148/177
2024
Net foreign direct investment
-$810M
2025
$19.9M
2024
Net inflows of foreign direct investment
$478M
2024
$33M
2024
Net outflows of foreign direct investment
-$49.4M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
1.64%
2024
Poverty at national poverty lines
60.1%
2025
12.7%
2012
Gross capital formation, % of GDP
24.2%
2025
19.5%
2024

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/solomon-islands | CC BY

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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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.