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Economy of Honduras vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $62.3M for Tuvalu, ranking 104/197 and 196/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Honduras vs Tuvalu GDP by year

Honduras
Tuvalu
1x
Year GDP, current $
Honduras Tuvalu
2024 $37,093,565,854 -
2023 $34,355,805,528 $62,280,312
2022 $31,426,041,807 $59,065,982
2021 $28,144,331,507 $60,196,406
2020 $23,352,232,484 $51,746,594
2019 $24,882,225,742 $54,123,199
2018 $24,067,750,760 $48,015,260
2017 $23,136,247,991 $45,276,595
2016 $21,717,604,952 $41,629,064
2015 $20,979,791,685 $36,811,936
2014 $19,756,533,972 $38,760,983
2013 $18,499,729,215 $38,615,891
2012 $18,528,554,398 $39,345,579
2011 $17,710,275,685 $39,196,957
2010 $15,839,344,592 $32,105,408
2009 $14,587,496,229 $28,076,984
2008 $13,881,731,876 $31,874,435
2007 $12,361,257,681 $28,450,169
2006 $10,917,477,066 $24,096,875
2005 $9,757,012,697 $22,909,980
2004 $8,869,299,234 $22,798,275
2003 $8,230,391,347 $19,456,338
2002 $7,858,255,413 $16,842,673
2001 $7,651,162,302 $13,964,732
2000 $7,186,638,029 $15,073,976
1999 $6,394,090,592 $14,800,503
1998 $6,163,707,533 $13,795,146
1997 $5,569,178,707 $13,734,210
1996 $4,798,834,459 $13,338,597
1995 $4,672,346,194 $11,922,614
1994 $4,105,686,899 $11,772,611
1993 $4,190,773,622 $10,414,400
1992 $4,122,846,905 $10,535,028
1991 $3,699,381,195 $10,127,314
1990 $3,734,460,117 $9,542,901
1989 $4,375,896,552 $8,454,523
1988 $4,892,660,944 $7,011,059
1987 $5,024,800,000 $5,020,513
1986 $4,706,100,000 $4,574,706
1985 $4,328,300,000 $3,862,852
1984 $4,029,900,000 $4,481,978
1983 $3,840,550,000 $4,152,550
1982 $3,619,500,000 $4,118,945
1981 $3,501,800,000 $4,773,018
1980 $3,184,400,000 $4,206,128
1979 $2,778,900,000 $4,065,659
1978 $2,393,650,000 $3,798,782
1977 $1,900,700,000 $3,669,420
1976 $1,589,300,000 $3,919,072
1975 $1,330,050,000 $4,014,748
1974 $1,243,000,000 $4,122,329
1973 $1,128,299,436 $3,411,915
1972 $1,030,645,362 $2,968,458
1971 $958,450,000 $2,716,990
1970 $904,400,000 $2,585,956
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Honduras vs Tuvalu by year

Honduras
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 - -
2023 $3,227 $7,178 $6,345 $6,151
2022 $3,003 $6,805 $5,911 $5,661
2021 $2,735 $6,203 $5,905 $5,353
2020 $2,308 $5,385 $4,976 $5,122
2019 $2,502 $5,785 $5,115 $5,210
2018 $2,465 $5,633 $4,466 $4,432
2017 $2,413 $5,621 $4,166 $4,227
2016 $2,307 $5,186 $3,809 $4,031
2015 $2,271 $4,846 $3,358 $3,776
2014 $2,180 $4,460 $3,529 $3,419
2013 $2,081 $4,137 $3,510 $3,277
2012 $2,126 $4,016 $3,598 $3,170
2011 $2,074 $3,901 $3,636 $3,176
2010 $1,893 $3,758 $3,025 $2,945
2009 $1,781 $3,656 $2,684 $3,082
2008 $1,732 $3,806 $3,088 $3,291
2007 $1,578 $3,664 $2,794 $3,034
2006 $1,426 $3,438 $2,396 $2,787
2005 $1,305 $3,204 $2,305 $2,728
2004 $1,215 $3,001 $2,323 $2,765
2003 $1,156 $2,821 $2,007 $2,770
2002 $1,132 $2,715 $1,750 $2,915
2001 $1,132 $2,645 $1,457 $2,596
2000 $1,093 $2,587 $1,579 $2,597
1999 $999 $2,372 $1,559 $2,543
1998 $989 $2,152 $1,460 $2,560
1997 $917 $1,959 $1,461 $2,204
1996 $813 $1,617 $1,428 $1,982
1995 $814 $1,329 $1,285 $2,083
1994 $736 $1,074 $1,279 $2,165
1993 $773 $838 $1,141 $1,939
1992 $782 $741 $1,166 $1,837
1991 $722 $684 $1,134 $1,769
1990 $750 $540 $1,085 $1,676
1989 $904 - $976 -
1988 $1,039 - $823 -
1987 $1,098 - $600 -
1986 $1,058 - $557 -
1985 $1,001 - $480 -
1984 $960 - $567 -
1983 $942 - $533 -
1982 $914 - $537 -
1981 $912 - $634 -
1980 $854 - $571 -
1979 $769 - $566 -
1978 $683 - $546 -
1977 $559 - $549 -
1976 $482 - $612 -
1975 $417 - $656 -
1974 $401 - $708 -
1973 $375 - $601 -
1972 $353 - $522 -
1971 $338 - $478 -
1970 $329 - $457 -
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 (1960–2024, retrieved 2026-04-06).

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Honduras Tuvalu
Gross domestic product
$37.1B
2024
$62.3M
2023
GDP rank
104/197
2024
196/197
2023
GDP growth
3.55%
2023-2024
3.85%
2022-2023
GDP per capita
$3,426
2024
$6,345
2023
GDP per capita rank
136/197
2024
110/197
2023
GDP per capita, PPP
$7,486
2024
$6,151
2023
GDP per capita PPP rank
146/197
2024
152/197
2023
Government debt
$17.5B
2024
$4.15M
2023
Debt-to-GDP ratio
47.1%
2024
6.96%
2024
Government debt per person
$1,613
2024
$423
2023
Government debt per person rank
126/185
2024
171/185
2023
Average annual personal income after taxes
$4,901
2026
$4,233
2026
Income share by richest 10%
32.3%
2024
30.8%
2010
Income share by poorest 10%
1.2%
2024
2.7%
2010
Government expenditure, % of GDP
25.7%
2024
118.4%
2024
Consumer prices inflation
4.61%
2023-2024
1.2%
2023-2024
Central bank interest rate
5.75%
2024
n/a
Unemployment rate
4.91%
2024
7.32%
2022
Population
11237619
9341

Spending and national debt comparison by year

Honduras
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Honduras Tuvalu
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 118.4% 6.96%
2023 27.2% 47.9% 138.8% 6.67%
2022 24% 51% 115.3% 6.33%
2021 28.8% 50.3% 113.8% 11.3%
2020 28.4% 52.5% 119.5% 12.1%
2019 25.9% 44.1% 113.6% 11.6%
2018 26.2% 43.5% 125.6% 11.8%
2017 26.9% 43.6% 106.4% 12%
2016 27.4% 40.3% 119.6% 11.5%
2015 26% 42.3% 116.9% 14.4%
2014 26.4% 43% 96.8% 16.4%
2013 28% 42.1% 80.2% 17.8%
2012 26.4% 32.4% 76.8% 19.3%
2011 25.9% 31.5% 77.2% 19.1%
2010 26.5% 28.9% 93.9% 21.1%
2009 28.4% 23.8% 100% 20.6%
2008 26.4% 22.3% 85.8% 19.8%
2007 24.4% 24% 88.6% 32.4%
2006 24.4% 39.2% 98.5% 37.5%
2005 23.6% 55.6% 82.1% 37.4%
2004 25.5% 60.9% 74.1% -
2003 26.4% 67.8% - -
2002 26.8% 64.2% - -
2001 25.1% 63.4% - -
2000 22.1% 65.8% - -
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/tuvalu | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 6.96% in Tuvalu, ranking 115/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Tuvalu
1x
Year Deficit/surplus, % of GDP
Honduras Tuvalu
2024 -1.12% -8.23%
2023 -1.96% 15.3%
2022 1.57% -14.6%
2021 -3.17% -13.3%
2020 -4.58% 13.7%
2019 0.09% -1.07%
2018 0.2% 30.3%
2017 -0.41% 2.09%
2016 -0.4% 27.5%
2015 -0.78% 14.7%
2014 -2.81% 3.26%
2013 -5.48% 26%
2012 -3.48% 9.58%
2011 -2.94% -8.8%
2010 -3.37% -23.4%
2009 -4.86% -13.5%
2008 -0.27% -17.2%
2007 -0.25% -18.6%
2006 -1.36% -36.8%
2005 -0.03% -12.8%
2004 -2.48% -3.6%
2003 -5.09% -
2002 -5.02% -
2001 -3.12% -
2000 1.51% -
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/tuvalu | CC BY

In 2023, Honduras' government deficit, the difference between spending and revenue, was $675M, equivalent to 1.96% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Honduras recorded a fiscal deficit in 17 of those years, while Tuvalu ran a deficit in 11 years. On average, Honduras posted an annual deficit equal to 1.84% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Honduras

Tuvalu
1x
Year Consumer prices inflation
Honduras Tuvalu
2024 4.61% 1.2%
2023 6.66% 7.2%
2022 9.09% 12.2%
2021 4.48% 6.7%
2020 3.47% 1.6%
2019 4.37% 3.5%
2018 4.35% 2.2%
2017 3.93% 4.1%
2016 2.72% 3.5%
2015 3.16% 3.1%
2014 6.13% 1.1%
2013 5.16% 2%
2012 5.2% 1.4%
2011 6.76% 0.5%
2010 4.7% -1.9%
2009 5.5% -0.3%
2008 11.4% 10.4%
2007 6.94% 2.3%
2006 5.58% 4.2%
2005 8.81% 3.2%
2004 8.11% 2.4%
2003 7.67% 2.9%
2002 7.69% 5.1%
2001 9.67% 1.5%
2000 11% -
1999 11.7% -
1998 13.7% -
1997 20.2% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

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

Over the past 24 years, Honduras has recorded an average annual inflation rate of 6.09%, compared with 3.34% in Tuvalu. In 2024, inflation was 4.61% in Honduras and 1.2% in Tuvalu.

Balance of trade

Honduras Tuvalu
Current account balance
-$1.65B
2024
$2.71M
2022
Current account balance ranking
137/190
2024
77/190
2022
Current account balance, % of GDP
-4.45%
2024
+4.59%
2022
Goods imports
$14.6B
2024
$24.2M
2022
Goods exports
$5.67B
2024
$184K
2022
Service imports
$3.67B
2024
$33.1M
2022
Service exports
$3.75B
2024
$2.05M
2022
Imports of goods and services, % of GDP
57.6%
2024
n/a
Exports of goods and services, % of GDP
33.5%
2024
8.22%
2025

Economic freedom indices

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

Honduras Tuvalu
Economic freedom 59.1 60
Economic freedom ranking 105/197 99/197
Property rights 35.7 n/a
Government integrity 24.6 n/a
Judicial effectiveness 27.6 n/a
Tax burden 83.1 n/a
Government spending 80.3 n/a
Fiscal health 95.2 n/a
Business freedom 59.4 n/a
Labor freedom 37.9 n/a
Monetary freedom 70.1 n/a
Trade freedom 69.8 n/a
Investment freedom 65 n/a
Financial freedom 60 n/a

Other economic metrics

Honduras Tuvalu
Services, % of GDP
58.4%
2024
n/a
Industry, % of GDP
26.1%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
15.9%
2015
GNI, Atlas method
$32.7B
2024
$86M
2023
GNI per capita, PPP
$6,900
2024
$8,320
2023
Total reserves including gold
$8.04B
2024
n/a
Total reserves ranking
84/177
2024
n/a
Net foreign direct investment
-$620M
2024
$0
2022
Net inflows of foreign direct investment
$1.31B
2024
$258K
2024
Net outflows of foreign direct investment
$689M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
n/a
Poverty at national poverty lines
62.9%
2024
26.3%
2020
Gross capital formation, % of GDP
22.5%
2024
n/a

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/tuvalu | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.