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Economy of Honduras vs Tanzania compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $78.8B for Tanzania, ranking 104/197 and 82/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Honduras vs Tanzania GDP by year

Honduras
Tanzania
1x
Year GDP, current $
Honduras Tanzania
2024 $37,093,565,854 $78,844,405,385
2023 $34,355,805,528 $79,030,935,627
2022 $31,426,041,807 $75,749,121,843
2021 $28,144,331,507 $70,655,628,148
2020 $23,352,232,484 $66,068,737,786
2019 $24,882,225,742 $61,026,731,926
2018 $24,067,750,760 $57,003,712,892
2017 $23,136,247,991 $53,274,884,533
2016 $21,717,604,952 $49,774,409,374
2015 $20,979,791,685 $47,413,919,817
2014 $19,756,533,972 $49,986,726,461
2013 $18,499,729,215 $45,648,857,242
2012 $18,528,554,398 $39,650,394,363
2011 $17,710,275,685 $34,657,140,096
2010 $15,839,344,592 $32,012,892,919
2009 $14,587,496,229 $29,400,573,554
2008 $13,881,731,876 $27,947,821,398
2007 $12,361,257,681 $21,860,434,823
2006 $10,917,477,066 $18,619,859,795
2005 $9,757,012,697 $18,395,383,647
2004 $8,869,299,234 $16,673,062,473
2003 $8,230,391,347 $15,211,487,709
2002 $7,858,255,413 $14,129,651,896
2001 $7,651,162,302 $13,563,990,022
2000 $7,186,638,029 $13,371,767,082
1999 $6,394,090,592 $12,704,334,196
1998 $6,163,707,533 $12,172,790,056
1997 $5,569,178,707 $11,158,197,942
1996 $4,798,834,459 $9,433,528,150
1995 $4,672,346,194 $7,631,431,840
1994 $4,105,686,899 $6,550,480,484
1993 $4,190,773,622 $6,182,872,708
1992 $4,122,846,905 $6,681,997,469
1991 $3,699,381,195 $7,197,768,159
1990 $3,734,460,117 $6,184,384,225
1989 $4,375,896,552 $6,418,799,007
1988 $4,892,660,944 $7,406,614,407
1987 $5,024,800,000 $7,824,193,222
1986 $4,706,100,000 $10,840,864,521
1985 $4,328,300,000 $15,328,295,175
1984 $4,029,900,000 $12,906,635,133
1983 $3,840,550,000 $14,049,883,809
1982 $3,619,500,000 $13,927,383,240
1981 $3,501,800,000 $13,161,540,378
1980 $3,184,400,000 $11,409,228,087
1979 $2,778,900,000 $9,804,637,491
1978 $2,393,650,000 $9,261,675,710
1977 $1,900,700,000 $7,732,598,995
1976 $1,589,300,000 $6,472,511,988
1975 $1,330,050,000 $5,729,917,840
1974 $1,243,000,000 $4,977,337,978
1973 $1,128,299,436 $4,144,104,535
1972 $1,030,645,362 $3,472,787,266
1971 $958,450,000 $3,050,673,517
1970 $904,400,000 $2,851,419,386
1969 $844,400,000 $5,142,066,811
1968 $815,450,000 $4,895,251,824
1967 $750,950,000 $4,565,132,048
1966 $692,150,000 $4,377,998,825
1965 $651,050,000 $3,817,226,546
1964 $591,100,000 $3,748,840,925
1963 $553,500,000 $3,456,579,293
1962 $532,450,000 $3,101,589,993
1961 $503,300,000 $2,826,179,031
1960 $475,650,000 $2,651,729,807

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

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

GDP per capita in Honduras vs Tanzania by year

Honduras
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $1,150 $4,221
2023 $3,227 $7,178 $1,186 $4,019
2022 $3,003 $6,805 $1,171 $3,800
2021 $2,735 $6,203 $1,125 $3,493
2020 $2,308 $5,385 $1,084 $3,291
2019 $2,502 $5,785 $1,031 $2,982
2018 $2,465 $5,633 $992 $2,728
2017 $2,413 $5,621 $957 $2,472
2016 $2,307 $5,186 $925 $2,435
2015 $2,271 $4,846 $911 $2,317
2014 $2,180 $4,460 $993 $2,221
2013 $2,081 $4,137 $935 $2,176
2012 $2,126 $4,016 $837 $2,083
2011 $2,074 $3,901 $753 $2,211
2010 $1,893 $3,758 $715 $2,069
2009 $1,781 $3,656 $674 $1,972
2008 $1,732 $3,806 $657 $1,908
2007 $1,578 $3,664 $528 $1,820
2006 $1,426 $3,438 $462 $1,707
2005 $1,305 $3,204 $469 $1,598
2004 $1,215 $3,001 $438 $1,482
2003 $1,156 $2,821 $410 $1,379
2002 $1,132 $2,715 $391 $1,302
2001 $1,132 $2,645 $385 $1,229
2000 $1,093 $2,587 $390 $1,164
1999 $999 $2,372 $382 $1,120
1998 $989 $2,152 $375 $1,082
1997 $917 $1,959 $353 $1,059
1996 $813 $1,617 $305 $1,026
1995 $814 $1,329 $251.2 $981
1994 $736 $1,074 $222.5 $958
1993 $773 $838 $218.2 $959
1992 $782 $741 $243.4 $955
1991 $722 $684 $268.8 $952
1990 $750 $540 $236.9 $925
1989 $904 - $252.3 -
1988 $1,039 - $299 -
1987 $1,098 - $326 -
1986 $1,058 - $466 -
1985 $1,001 - $681 -
1984 $960 - $593 -
1983 $942 - $667 -
1982 $914 - $683 -
1981 $912 - $665 -
1980 $854 - $595 -
1979 $769 - $527 -
1978 $683 - $515 -
1977 $559 - $446 -
1976 $482 - $387 -
1975 $417 - $355 -
1974 $401 - $320 -
1973 $375 - $276.1 -
1972 $353 - $239.8 -
1971 $338 - $218.4 -
1970 $329 - $211.3 -
1969 $316 - $394 -
1968 $314 - $388 -
1967 $298.2 - $374 -
1966 $282.9 - $370 -
1965 $273.9 - $333 -
1964 $255.9 - $337 -
1963 $246.6 - $320 -
1962 $244 - $295.7 -
1961 $237.3 - $277.4 -
1960 $230.7 - $267.8 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Tanzania ranks 165th at $4,221.

Economic indicators

Honduras Tanzania
Gross domestic product
$37.1B
2024
$78.8B
2024
GDP rank
104/197
2024
82/197
2024
GDP growth
3.55%
2023-2024
5.53%
2023-2024
GDP per capita
$3,426
2024
$1,150
2024
GDP per capita rank
136/197
2024
170/197
2024
GDP per capita, PPP
$7,486
2024
$4,221
2024
GDP per capita PPP rank
146/197
2024
165/197
2024
Government debt
$17.5B
2024
$39.3B
2024
Debt-to-GDP ratio
47.1%
2024
49.9%
2024
Government debt per person
$1,613
2024
$573
2024
Government debt per person rank
126/185
2024
160/185
2024
Average annual personal income after taxes
$4,901
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
32.3%
2024
33.1%
2018
Income share by poorest 10%
1.2%
2024
2.9%
2018
Government expenditure, % of GDP
25.7%
2024
19.1%
2024
Consumer prices inflation
4.61%
2023-2024
3.06%
2023-2024
Central bank interest rate
5.75%
2024
6%
2024
Unemployment rate
4.91%
2024
2.43%
2024
Population
11237619
73145892

Spending and national debt comparison by year

Honduras
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Honduras Tanzania
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 19.1% 49.9%
2023 27.2% 47.9% 19% 47.8%
2022 24% 51% 19.1% 44.9%
2021 28.8% 50.3% 18.4% 43.4%
2020 28.4% 52.5% 17.4% 41.3%
2019 25.9% 44.1% 17.3% 40.4%
2018 26.2% 43.5% 17.3% 42%
2017 26.9% 43.6% 16.4% 40.1%
2016 27.4% 40.3% 16.9% 39.8%
2015 26% 42.3% 17.2% 39.5%
2014 26.4% 43% 17.3% 36.4%
2013 28% 42.1% 18.8% 32.7%
2012 26.4% 32.4% 19.6% 30%
2011 25.9% 31.5% 19% 28.4%
2010 26.5% 28.9% 19.8% 27.6%
2009 28.4% 23.8% 19.6% 23.9%
2008 26.4% 22.3% 18.1% 21.6%
2007 24.4% 24% 17.8% 23.8%
2006 24.4% 39.2% 17.6% 17.4%
2005 23.6% 55.6% 18.3% 25.4%
2004 25.5% 60.9% 17% 44.5%
2003 26.4% 67.8% 15.4% 44.4%
2002 26.8% 64.2% 13.6% 47.4%
2001 25.1% 63.4% 12.4% 50.8%
2000 22.1% 65.8% 12.3% 55.4%
1999 23.3% 75.8% 12.8% 62.9%
1998 19.4% 67.4% 11.4% 62.2%
1997 19.4% 70.8% 12.8% 73.4%
1996 18.7% 64.6% 13.4% 89.6%
1995 17.2% 65.4% 15.6% 111.1%
1994 19.2% 86.4% 16.8% 126%
1993 23.7% 108% 16.4% 129.2%
1992 20.5% 116.5% 17.6% 117.6%
1991 18.8% 122.2% 14.2% 106.5%
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 (1960–2000, retrieved 2026-02-20).

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

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 49.9% in Tanzania, ranking 115/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Tanzania
1x
Year Deficit/surplus, % of GDP
Honduras Tanzania
2024 -1.12% -3.03%
2023 -1.96% -3.67%
2022 1.57% -3.92%
2021 -3.17% -3.55%
2020 -4.58% -2.56%
2019 0.09% -2.06%
2018 0.2% -2.01%
2017 -0.41% -1.14%
2016 -0.4% -2.08%
2015 -0.78% -3.17%
2014 -2.81% -2.91%
2013 -5.48% -3.76%
2012 -3.48% -4%
2011 -2.94% -3.51%
2010 -3.37% -4.74%
2009 -4.86% -4.46%
2008 -0.27% -1.92%
2007 -0.25% -1.44%
2006 -1.36% -3.38%
2005 -0.03% -3.28%
2004 -2.48% -2.43%
2003 -5.09% -1.77%
2002 -5.02% -0.73%
2001 -3.12% -0.41%
2000 1.51% -0.73%
1999 1.38% -1.14%
1998 2.89% 0.13%
1997 0.08% -0.03%
1996 0.13% 1.57%
1995 -0.24% -2.12%
1994 -0.98% -3.74%
1993 -5.03% -2.02%
1992 -1.41% -4.96%
1991 -1.95% 0.6%
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) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

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

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 34 years, Honduras recorded a fiscal deficit in 26 of those years, while Tanzania ran a deficit in 31 years. On average, Honduras posted an annual deficit equal to 1.61% of GDP, compared to deficit of 2.3% of GDP for Tanzania.

Inflation comparison by year

Inflation
Honduras

Tanzania
1x
Year Consumer prices inflation
Honduras Tanzania
2024 4.61% 3.06%
2023 6.66% 3.8%
2022 9.09% 4.35%
2021 4.48% 3.69%
2020 3.47% 3.29%
2019 4.37% 3.46%
2018 4.35% 3.49%
2017 3.93% 5.32%
2016 2.72% 5.17%
2015 3.16% 5.59%
2014 6.13% 6.13%
2013 5.16% 7.87%
2012 5.2% 16%
2011 6.76% 12.7%
2010 4.7% 6.2%
2009 5.5% 12.1%
2008 11.4% 10.3%
2007 6.94% 7.03%
2006 5.58% 7.25%
2005 8.81% 5.03%
2004 8.11% 4.74%
2003 7.67% 5.3%
2002 7.69% 5.32%
2001 9.67% 5.15%
2000 11% 5.92%
1999 11.7% 7.89%
1998 13.7% 12.8%
1997 20.2% 16.1%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 6.97% in Tanzania. In 2024, inflation was 4.61% in Honduras and 3.06% in Tanzania.

Top exports between countries

Honduras
Export category Export value
Processed food, beverages & tobacco $92K
Textiles & consumer goods $2K
Tanzania
Export category Export value
Textiles & consumer goods $8K
Machinery & equipment $7K

Balance of trade

Honduras Tanzania
Current account balance
-$1.65B
2024
-$2.38B
2024
Current account balance ranking
137/190
2024
147/190
2024
Current account balance, % of GDP
-4.45%
2024
-3.02%
2024
Goods imports
$14.6B
2024
$14.2B
2024
Goods exports
$5.67B
2024
$9.12B
2024
Service imports
$3.67B
2024
$2.8B
2024
Service exports
$3.75B
2024
$6.85B
2024
Imports of goods and services, % of GDP
57.6%
2024
21.7%
2024
Exports of goods and services, % of GDP
33.5%
2024
19.8%
2024

Economic freedom indices

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

Honduras Tanzania
Economic freedom 59.1 59
Economic freedom ranking 105/197 106/197
Property rights 35.7 45.2
Government integrity 24.6 40.9
Judicial effectiveness 27.6 29.6
Tax burden 83.1 80.4
Government spending 80.3 89.1
Fiscal health 95.2 75
Business freedom 59.4 48.1
Labor freedom 37.9 62.3
Monetary freedom 70.1 73.4
Trade freedom 69.8 58.8
Investment freedom 65 55
Financial freedom 60 50

Economic freedom comparison by year

Honduras
Tanzania
1x
Year Economic freedom index
Honduras Tanzania
2026 59.1 59
2025 59.6 59.3
2024 58.6 59.1
2023 58.7 60
2022 59.5 59.5
2021 59.8 61.3
2020 61.1 61.7
2019 60.2 60.2
2018 60.6 59.9
2017 58.8 58.6
2016 57.7 58.5
2015 57.4 57.5
2014 57.1 57.8
2013 58.4 57.9
2012 58.8 57
2011 58.6 57
2010 58.3 58.3
2009 58.7 58.3
2008 58.9 56.5
2007 59.1 56.8
2006 57.4 58.5
2005 55.3 56.3
2004 55.3 60.1
2003 60.4 56.9
2002 58.7 58.3
2001 57 54.9
2000 57.6 56
1999 56.7 60
1998 56.2 59.6
1997 56 59.3
1996 56.6 57.5
1995 57 57.3

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Tanzania
Services, % of GDP
58.4%
2024
29.6%
2024
Industry, % of GDP
26.1%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
23.3%
2024
GNI, Atlas method
$32.7B
2024
$80.2B
2024
GNI per capita, PPP
$6,900
2024
$4,130
2024
Total reserves including gold
$8.04B
2024
$5.05B
2018
Total reserves ranking
84/177
2024
101/177
2018
Net foreign direct investment
-$620M
2024
-$1.72B
2024
Net inflows of foreign direct investment
$1.31B
2024
$1.72B
2024
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
2.57%
2024
Poverty at national poverty lines
62.9%
2024
26.4%
2018
Gross capital formation, % of GDP
22.5%
2024
39.8%
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/tanzania | 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 (1927–2000, 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. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.