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Economy of Honduras vs South Sudan compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $12B for South Sudan, ranking 103/197 and 150/197 by economy size, respectively.

Honduras has $15.8B in government debt (43% of GDP), compared to $6.87B (63.2% of GDP) in South Sudan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Honduras
GDP, current $

GDP, constant 2015 $
South Sudan
GDP, current $

GDP, constant 2015 $
Year GDP
Honduras South Sudan
Current $ Constant $ Current $ Constant $
1960 $335,650,000 $2,488,221,555 - -
1961 $356,200,000 $2,534,394,470 - -
1962 $387,750,000 $2,680,498,409 - -
1963 $410,200,000 $2,776,471,958 - -
1964 $457,000,000 $2,926,863,604 - -
1965 $508,650,000 $3,191,368,848 - -
1966 $549,950,000 $3,362,867,976 - -
1967 $598,100,000 $3,563,884,850 - -
1968 $646,800,000 $3,799,036,503 - -
1969 $668,000,050 $3,823,936,864 - -
1970 $723,000,000 $3,962,620,383 - -
1971 $731,000,000 $4,120,927,211 - -
1972 $802,996,337 $4,358,387,600 - -
1973 $912,499,494 $4,701,386,276 - -
1974 $1,034,500,000 $4,643,670,096 - -
1975 $1,124,000,000 $4,742,611,928 - -
1976 $1,347,999,950 $5,240,619,049 - -
1977 $1,669,499,950 $5,784,799,119 - -
1978 $3,097,242,093 $6,129,932,487 - -
1979 $3,544,281,977 $6,473,817,206 - -
1980 $3,968,160,046 $6,512,618,292 - -
1981 $4,043,894,879 $6,433,031,815 - -
1982 $4,266,503,526 $6,299,568,220 - -
1983 $4,476,697,185 $6,356,623,024 - -
1984 $4,915,311,847 $6,758,825,363 - -
1985 $5,278,120,713 $7,139,092,751 - -
1986 $5,677,828,959 $7,519,661,681 - -
1987 $6,190,521,242 $8,018,843,592 - -
1988 $5,902,717,091 $8,158,855,312 - -
1989 $5,432,344,902 $8,381,416,559 - -
1990 $4,923,009,552 $8,615,404,668 - -
1991 $4,648,668,479 $8,329,432,815 - -
1992 $4,943,700,431 $8,835,336,566 - -
1993 $4,926,728,933 $9,409,255,133 - -
1994 $4,642,280,682 $9,429,193,673 - -
1995 $5,347,445,005 $10,012,795,187 - -
1996 $5,215,028,986 $10,200,112,186 - -
1997 $5,737,099,650 $10,669,121,817 - -
1998 $6,366,340,266 $11,052,168,152 - -
1999 $6,414,520,530 $10,970,862,758 - -
2000 $7,186,638,029 $11,770,779,975 - -
2001 $7,651,162,302 $12,091,321,063 - -
2002 $7,858,255,413 $12,545,270,108 - -
2003 $8,230,391,347 $13,115,708,313 - -
2004 $8,869,299,234 $13,933,118,991 - -
2005 $9,757,012,697 $14,776,156,180 - -
2006 $10,917,477,066 $15,746,542,344 - -
2007 $12,361,257,681 $16,720,989,902 - -
2008 $13,881,731,876 $17,428,555,329 $14,586,253,383 $20,185,217,786
2009 $14,587,496,229 $17,004,757,718 $12,231,264,525 $21,202,884,179
2010 $15,839,344,592 $17,639,229,094 $14,602,072,411 $22,367,646,895
2011 $17,710,275,685 $18,315,815,357 $14,907,308,933 $21,329,717,233
2012 $18,528,554,398 $19,072,018,182 $11,931,472,169 $11,500,530,835
2013 $18,499,729,215 $19,604,424,966 $18,426,469,017 $13,010,519,614
2014 $19,756,533,972 $20,203,944,076 $13,962,212,847 $13,449,448,811
2015 $20,979,791,685 $20,979,791,685 $11,997,800,760 $11,997,800,760
2016 $21,717,604,952 $21,796,529,143 - -
2017 $23,136,247,991 $22,852,116,285 - -
2018 $24,067,750,760 $23,730,778,961 - -
2019 $24,882,225,742 $24,338,200,129 - -
2020 $23,352,232,484 $22,156,260,474 - -
2021 $28,144,331,507 $24,940,257,610 - -
2022 $31,426,041,807 $25,973,672,632 - -
2023 $34,355,805,528 $26,902,451,582 - -
2024 $37,093,565,854 $27,858,556,650 - -

Economic indicators

Honduras South Sudan
Gross domestic product
$37.1B
2024
$12B
2015
GDP rank
103/197
2024
150/197
2015
GDP growth
7.97%
2023-2024
-14.1%
2014-2015
GDP per capita
$3,426
2024
$1,080
2015
GDP per capita rank
136/197
2024
172/197
2015
GDP per capita, PPP
$7,486
2024
$1,155
2015
Government debt
$15.8B
2024
$6.87B
2015
Debt-to-GDP ratio
43%
2025
63.2%
2025
Government debt per person
$1,460
2024
$618
2015
Government debt per person rank
130/185
2024
159/185
2015
Average annual personal income after taxes
$5,147
2025
$1,540
2025
Income share by richest 10%
32.3%
2024
33%
2016
Income share by poorest 10%
1.2%
2024
1.8%
2016
Government expenditure, % of GDP
26.7%
2025
26.7%
2025
Consumer prices inflation
4.61%
2023-2024
91.4%
2023-2024
Central bank interest rate
5.75%
2024
15%
2023
Unemployment rate
4.91%
2024
12.3%
2008
Population
11149564
12387398

GDP per capita in Honduras vs South Sudan

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,080 in South Sudan, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 145th at $7,486, while South Sudan ranks 196th at $1,155.

Honduras
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
Year Current $
Honduras South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $162.8 - - -
1961 $167.9 - - -
1962 $177.7 - - -
1963 $182.7 - - -
1964 $197.8 - - -
1965 $214 - - -
1966 $224.8 - - -
1967 $237.5 - - -
1968 $249.4 - - -
1969 $250.2 - - -
1970 $262.8 - - -
1971 $257.9 - - -
1972 $274.8 - - -
1973 $303 - - -
1974 $334 - - -
1975 $352 - - -
1976 $409 - - -
1977 $491 - - -
1978 $884 - - -
1979 $980 - - -
1980 $1,065 - - -
1981 $1,053 - - -
1982 $1,078 - - -
1983 $1,098 - - -
1984 $1,170 - - -
1985 $1,221 - - -
1986 $1,276 - - -
1987 $1,353 - - -
1988 $1,254 - - -
1989 $1,122 - - -
1990 $988 $2,040 - -
1991 $907 $1,982 - -
1992 $938 $2,090 - -
1993 $908 $2,214 - -
1994 $832 $2,203 - -
1995 $932 $2,322 - -
1996 $883 $2,341 - -
1997 $945 $2,423 - -
1998 $1,021 $2,472 - -
1999 $1,002 $2,423 - -
2000 $1,093 $2,587 - -
2001 $1,132 $2,645 - -
2002 $1,132 $2,715 - -
2003 $1,156 $2,821 - -
2004 $1,215 $3,001 - -
2005 $1,305 $3,204 - -
2006 $1,426 $3,438 - -
2007 $1,578 $3,664 - -
2008 $1,732 $3,806 $1,654 $2,887
2009 $1,781 $3,656 $1,323 $2,911
2010 $1,893 $3,758 $1,498 $2,948
2011 $2,074 $3,901 $1,449 $2,718
2012 $2,126 $4,016 $1,109 $1,417
2013 $2,081 $4,137 $1,650 $1,917
2014 $2,180 $4,460 $1,243 $1,373
2015 $2,271 $4,846 $1,080 $1,155
2016 $2,307 $5,186 - -
2017 $2,413 $5,621 - -
2018 $2,465 $5,633 - -
2019 $2,502 $5,785 - -
2020 $2,308 $5,385 - -
2021 $2,735 $6,203 - -
2022 $3,003 $6,805 - -
2023 $3,227 $7,178 - -
2024 $3,426 $7,486 - -

Spending and national debt comparison

In 2024, Honduras' government spending was $9.52B, accounting for 26.7% of its GDP, while South Sudan's spent $3.98B, or 26.7% of GDP.

Debt-to-GDP ratio is 43% in Honduras and 63.2% in South Sudan, ranking 125/185 and 72/185, respectively.

Honduras
Government spending

Government debt
South Sudan
Government spending

Government debt
Year % of GDP
Honduras South Sudan
Government spending Government debt Government spending Government debt
1960 12.2% 8.97% - -
1961 11.2% 8.22% - -
1962 10.5% 8.54% - -
1963 10.1% 9.02% - -
1964 11.4% 9.78% - -
1965 10.6% 8.97% - -
1966 11.4% 9.47% - -
1967 11.4% 9.72% - -
1968 11.6% 9.75% - -
1969 13.6% 13% - -
1970 15.2% 17.2% - -
1971 15.2% 19.8% - -
1972 12.6% 16.8% - -
1973 11.1% 16.6% - -
1974 11.7% 18.5% - -
1975 11.9% 24% - -
1976 11.5% 26.5% - -
1977 14.6% 28.2% - -
1978 13.1% 32.8% - -
1979 14.4% 36.1% - -
1980 16.2% 41% - -
1981 15.3% 48.1% - -
1982 18.7% 54.3% - -
1983 20.8% 57.6% - -
1984 22.4% 60.5% - -
1985 22.5% 65.7% - -
1986 19.8% 69.9% - -
1987 17.2% 73.6% - -
1988 16% 71.7% - -
1989 10.2% 68.4% - -
1990 16.4% 200.3% - -
1991 18.8% 122.2% - -
1992 20.5% 116.5% - -
1993 23.7% 108% - -
1994 19.2% 86.4% - -
1995 17.2% 65.4% - -
1996 18.7% 64.6% - -
1997 19.4% 70.8% - -
1998 19.4% 67.4% - -
1999 23.3% 75.8% - -
2000 22.1% 65.8% - -
2001 25.1% 63.4% - -
2002 26.8% 64.2% - -
2003 26.4% 67.8% - -
2004 25.5% 60.9% - -
2005 23.6% 55.6% - -
2006 24.4% 39.2% - -
2007 24.4% 24% - -
2008 26.4% 22.3% - -
2009 28.4% 23.8% - -
2010 26.5% 21.8% - -
2011 25.9% 24.8% 20.8% -
2012 26.4% 27.1% 31.6% 8.91%
2013 29.6% 37.3% 25.3% 17.6%
2014 27.6% 35.2% 36.2% 38.1%
2015 26% 38.5% 33.2% 57.2%
2016 27.4% 39.6% 60.8% 150.5%
2017 26.9% 41.5% 88.6% 163%
2018 26.2% 42.6% 56.4% 80.3%
2019 25.9% 43.5% 47.1% 43.1%
2020 28.4% 53.7% 33.5% 49%
2021 28.8% 51% 44.1% 51.1%
2022 24% 48.7% 29.7% 39.1%
2023 26.1% 44.9% 23.5% 49.7%
2024 25.7% 42.6% 20.3% 54.3%
2025 26.7% 43% 26.7% 63.2%

Government deficit by year

In 2015, Honduras' government deficit, the difference between spending and revenue, was -$164M, equivalent to -0.78% of GDP. This compares to South Sudan's deficit of -$1.92B, or -16% of GDP.

Over the past 5 years, Honduras recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, Honduras posted an annual deficit equal to -3.17% of GDP, compared to deficit of -7.78% of GDP for South Sudan.

Deficit/surplus
Honduras

South Sudan
Year Deficit/surplus, % of GDP
Honduras South Sudan
1927 0.37% -
1928 0.72% -
1929 -0.38% -
1930 -1.15% -
1931 -0.94% -
1932 -2.13% -
1933 2.06% -
1934 0.06% -
1935 0% -
1936 -0.76% -
1937 -1.37% -
1938 -0.74% -
1939 -0.52% -
1940 -0.43% -
1941 -0.26% -
1942 0% -
1943 -0.48% -
1944 -0.82% -
1945 0% -
1946 0.32% -
1947 -0.83% -
1948 0.52% -
1949 -1.92% -
1950 -0.44% -
1951 -1.04% -
1952 -3.21% -
1953 -2.96% -
1954 -2.91% -
1955 -0.42% -
1956 -1.81% -
1957 -1.01% -
1958 -1.16% -
1959 -1.31% -
1960 -1.22% -
1961 -1.05% -
1962 -0.71% -
1963 -0.39% -
1964 -1.77% -
1965 0.19% -
1966 -0.45% -
1967 -0.73% -
1968 -0.38% -
1969 -2.16% -
1970 -3.24% -
1971 -3.51% -
1972 -2.37% -
1973 -0.71% -
1974 -0.27% -
1975 -1.78% -
1976 -0.93% -
1977 -2.55% -
1978 -0.68% -
1979 -1.55% -
1980 -2.52% -
1981 -2.5% -
1982 -6.17% -
1983 -9.1% -
1984 -9.33% -
1985 -8.58% -
1986 -5.92% -
1987 -3.23% -
1988 -2.65% -
1989 2.08% -
1990 -1.82% -
1991 -1.95% -
1992 -1.41% -
1993 -5.03% -
1994 -0.98% -
1995 -0.24% -
1996 0.13% -
1997 0.08% -
1998 2.89% -
1999 1.38% -
2000 1.51% -
2001 -3.12% -
2002 -5.02% -
2003 -5.09% -
2004 -2.48% -
2005 -0.03% -
2006 -1.36% -
2007 -0.25% -
2008 -0.27% -
2009 -4.86% -
2010 -3.37% -
2011 -2.94% 4.57%
2012 -3.48% -14.8%
2013 -5.73% -3.45%
2014 -2.9% -9.18%
2015 -0.78% -16%
2016 -0.4% -18.1%
2017 -0.41% 8.74%
2018 0.2% -1.1%
2019 0.09% 0.84%
2020 -4.58% -4.93%
2021 -3.18% -9.3%
2022 1.66% 2.05%
2023 -1.01% 7.85%
2024 -0.81% 3.86%
2025 -1.46% 2%

Inflation comparison by year

Over the past 16 years, Honduras has recorded an average annual inflation rate of 5.02%, compared with 63.7% in South Sudan. In 2024, inflation was 4.61% in Honduras and 91.4% in South Sudan.

Inflation
Honduras

South Sudan
Year Inflation
Honduras South Sudan Honduras South Sudan
1996 23.8% -
1997 20.2% -
1998 13.7% -
1999 11.7% -
2000 11% -
2001 9.67% -
2002 7.69% -
2003 7.67% -
2004 8.11% -
2005 8.81% -
2006 5.58% -
2007 6.94% -
2008 11.4% -
2009 5.5% 5.01%
2010 4.7% 1.17%
2011 6.76% 46.9%
2012 5.2% 45.5%
2013 5.16% -0.06%
2014 6.13% 1.67%
2015 3.16% 52.8%
2016 2.72% 380%
2017 3.93% 187.9%
2018 4.35% 83.5%
2019 4.37% 87.2%
2020 3.47% 29.7%
2021 4.48% 10.5%
2022 9.09% -6.69%
2023 6.66% 2.38%
2024 4.61% 91.4%

Balance of trade

Honduras South Sudan
Current account balance
-$1.71B
2024
$578M
2023
Current account balance ranking
137/189
2024
58/189
2023
Current account balance, % of GDP
-4.61%
2024
-4.17%
2015
Goods imports
$14.6B
2024
$2.25B
2023
Goods exports
$5.67B
2024
$4.01B
2023
Service imports
$3.66B
2024
$2.19B
2023
Service exports
$3.68B
2024
$484M
2023
Imports of goods and services, % of GDP
57.6%
2024
28.9%
2015
Exports of goods and services, % of GDP
33.5%
2024
36.7%
2015

Economic freedom indices

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

Honduras South Sudan
Economic freedom 59.6 41
Economic freedom ranking 100/197 186/197
Property rights 38.1 n/a
Government integrity 25.1 n/a
Judicial effectiveness 27.1 n/a
Tax burden 84.5 n/a
Government spending 79.2 n/a
Fiscal health 94.8 n/a
Business freedom 65 n/a
Labor freedom 38.8 n/a
Monetary freedom 68.2 n/a
Trade freedom 69.4 n/a
Investment freedom 65 n/a
Financial freedom 60 n/a

More economic indicators

Honduras South Sudan
Services, % of GDP
58.4%
2024
56.6%
2015
Industry, % of GDP
26.1%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
10.4%
2015
GNI, Atlas method
$32.7B
2024
$11.7B
2015
GNI per capita, PPP
$6,900
2024
$1,010
2015
Total reserves including gold
$8.04B
2024
$72.9M
2023
Total reserves ranking
84/177
2024
175/177
2023
Net foreign direct investment
-$620M
2024
$2.21M
2019
Net inflows of foreign direct investment
$1.31B
2024
$83.4M
2024
Net outflows of foreign direct investment
$689M
2024
$42M
2017
Servicing debt to the IMF, % of GNI
5.49%
2023
n/a
Poverty at national poverty lines
62.9%
2024
66%
2020
Gross capital formation, % of GDP
22.5%
2024
5.75%
2015

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.