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Economy of Honduras vs Uganda compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $53.9B for Uganda, ranking 104/197 and 89/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Honduras vs Uganda GDP by year

Honduras
Uganda
1x
Year GDP, current $
Honduras Uganda
2024 $37,093,565,854 $53,911,907,086
2023 $34,355,805,528 $48,768,955,863
2022 $31,426,041,807 $45,565,333,211
2021 $28,144,331,507 $40,529,788,749
2020 $23,352,232,484 $37,600,368,242
2019 $24,882,225,742 $35,353,061,003
2018 $24,067,750,760 $32,927,025,620
2017 $23,136,247,991 $30,744,473,841
2016 $21,717,604,952 $29,203,988,696
2015 $20,979,791,685 $32,387,183,730
2014 $19,756,533,972 $32,612,397,257
2013 $18,499,729,215 $28,915,786,517
2012 $18,528,554,398 $27,305,915,911
2011 $17,710,275,685 $27,871,725,241
2010 $15,839,344,592 $26,673,441,431
2009 $14,587,496,229 $25,127,805,567
2008 $13,881,731,876 $14,440,404,132
2007 $12,361,257,681 $11,902,564,495
2006 $10,917,477,066 $9,977,647,683
2005 $9,757,012,697 $9,239,221,763
2004 $8,869,299,234 $7,939,487,548
2003 $8,230,391,347 $6,606,884,275
2002 $7,858,255,413 $6,178,563,591
2001 $7,651,162,302 $5,840,503,869
2000 $7,186,638,029 $6,193,246,837
1999 $6,394,090,592 $5,998,563,258
1998 $6,163,707,533 $6,584,815,847
1997 $5,569,178,707 $6,269,333,313
1996 $4,798,834,459 $6,044,585,327
1995 $4,672,346,194 $5,755,818,842
1994 $4,105,686,899 $3,990,430,447
1993 $4,190,773,622 $3,220,439,044
1992 $4,122,846,905 $2,857,457,762
1991 $3,699,381,195 $3,321,729,160
1990 $3,734,460,117 $4,304,399,310
1989 $4,375,896,552 $5,276,480,799
1988 $4,892,660,944 $6,508,931,652
1987 $5,024,800,000 $6,269,522,042
1986 $4,706,100,000 $3,923,244,050
1985 $4,328,300,000 $3,519,695,444
1984 $4,029,900,000 $3,615,647,477
1983 $3,840,550,000 $2,240,333,333
1982 $3,619,500,000 $2,177,500,000
1981 $3,501,800,000 $1,337,300,000
1980 $3,184,400,000 $1,244,610,000
1979 $2,778,900,000 $2,139,025,000
1978 $2,393,650,000 $2,420,260,870
1977 $1,900,700,000 $2,936,470,588
1976 $1,589,300,000 $2,447,300,000
1975 $1,330,050,000 $2,359,555,556
1974 $1,243,000,000 $2,098,944,967
1973 $1,128,299,436 $1,701,829,789
1972 $1,030,645,362 $1,490,970,181
1971 $958,450,000 $1,417,191,656
1970 $904,400,000 $1,259,554,809
1969 $844,400,000 $1,168,556,629
1968 $815,450,000 $1,037,379,252
1967 $750,950,000 $967,240,655
1966 $692,150,000 $925,381,492
1965 $651,050,000 $884,502,310
1964 $591,100,000 $589,247,687
1963 $553,500,000 $516,315,231
1962 $532,450,000 $449,158,233
1961 $503,300,000 $441,667,335
1960 $475,650,000 $423,145,605

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

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

GDP per capita in Honduras vs Uganda by year

Honduras
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $1,078 $3,273
2023 $3,227 $7,178 $1,002 $3,098
2022 $3,003 $6,805 $963 $2,919
2021 $2,735 $6,203 $883 $2,685
2020 $2,308 $5,385 $846 $2,532
2019 $2,502 $5,785 $822 $2,441
2018 $2,465 $5,633 $792 $2,312
2017 $2,413 $5,621 $765 $2,158
2016 $2,307 $5,186 $753 $2,165
2015 $2,271 $4,846 $863 $2,190
2014 $2,180 $4,460 $896 $2,134
2013 $2,081 $4,137 $818 $2,045
2012 $2,126 $4,016 $795 $2,032
2011 $2,074 $3,901 $836 $2,268
2010 $1,893 $3,758 $823 $2,092
2009 $1,781 $3,656 $799 $2,015
2008 $1,732 $3,806 $473 $1,931
2007 $1,578 $3,664 $401 $1,795
2006 $1,426 $3,438 $347 $1,660
2005 $1,305 $3,204 $330 $1,497
2004 $1,215 $3,001 $292.4 $1,405
2003 $1,156 $2,821 $250.7 $1,320
2002 $1,132 $2,715 $242 $1,255
2001 $1,132 $2,645 $236 $1,173
2000 $1,093 $2,587 $258.1 $1,124
1999 $999 $2,372 $257.9 $1,100
1998 $989 $2,152 $292.5 $1,037
1997 $917 $1,959 $286.8 $1,007
1996 $813 $1,617 $284.7 $969
1995 $814 $1,329 $278.5 $897
1994 $736 $1,074 $198.4 $809
1993 $773 $838 $165.6 $770
1992 $782 $741 $152.1 $719
1991 $722 $684 $183 $703
1990 $750 $540 $245 $666
1989 $904 - $310 -
1988 $1,039 - $395 -
1987 $1,098 - $393 -
1986 $1,058 - $253.6 -
1985 $1,001 - $234.3 -
1984 $960 - $247.5 -
1983 $942 - $157.5 -
1982 $914 - $157 -
1981 $912 - $98.6 -
1980 $854 - $93.8 -
1979 $769 - $164.5 -
1978 $683 - $190.7 -
1977 $559 - $237.6 -
1976 $482 - $203.3 -
1975 $417 - $201.2 -
1974 $401 - $183.7 -
1973 $375 - $152.7 -
1972 $353 - $137 -
1971 $338 - $133.5 -
1970 $329 - $122 -
1969 $316 - $116.7 -
1968 $314 - $106.9 -
1967 $298.2 - $102.8 -
1966 $282.9 - $101.4 -
1965 $273.9 - $100 -
1964 $255.9 - $68.6 -
1963 $246.6 - $62 -
1962 $244 - $55.5 -
1961 $237.3 - $56.2 -
1960 $230.7 - $55.4 -

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

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

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Uganda ranks 176th at $3,273.

Economic indicators

Honduras Uganda
Gross domestic product
$37.1B
2024
$53.9B
2024
GDP rank
104/197
2024
89/197
2024
GDP growth
3.55%
2023-2024
6.06%
2023-2024
GDP per capita
$3,426
2024
$1,078
2024
GDP per capita rank
136/197
2024
176/197
2024
GDP per capita, PPP
$7,486
2024
$3,273
2024
GDP per capita PPP rank
146/197
2024
176/197
2024
Government debt
$17.5B
2024
$27.8B
2024
Debt-to-GDP ratio
47.1%
2024
51.5%
2024
Government debt per person
$1,613
2024
$555
2024
Government debt per person rank
126/185
2024
163/185
2024
Average annual personal income after taxes
$4,901
2026
$1,466
2026
Income share by richest 10%
32.3%
2024
34.5%
2019
Income share by poorest 10%
1.2%
2024
2.4%
2019
Government expenditure, % of GDP
25.7%
2024
18.7%
2024
Consumer prices inflation
4.61%
2023-2024
3.3%
2023-2024
Central bank interest rate
5.75%
2024
9.75%
2024
Unemployment rate
4.91%
2024
3.42%
2021
Population
11237619
53170946

Spending and national debt comparison by year

Honduras
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Honduras Uganda
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 18.7% 51.5%
2023 27.2% 47.9% 19.3% 50.5%
2022 24% 51% 19.5% 50.2%
2021 28.8% 50.3% 22% 50.3%
2020 28.4% 52.5% 21.4% 46.3%
2019 25.9% 44.1% 18.3% 37.5%
2018 26.2% 43.5% 16.2% 34.9%
2017 26.9% 43.6% 16.3% 33.6%
2016 27.4% 40.3% 15.2% 31.3%
2015 26% 42.3% 14.9% 28%
2014 26.4% 43% 13.6% 24.8%
2013 28% 42.1% 13.3% 22.1%
2012 26.4% 32.4% 13.1% 19.5%
2011 25.9% 31.5% 13.2% 18%
2010 26.5% 28.9% 15.4% 18.4%
2009 28.4% 23.8% 11.8% 14.8%
2008 26.4% 22.3% 12.9% 15.7%
2007 24.4% 24% 13.2% 17%
2006 24.4% 39.2% 13.7% 27.8%
2005 23.6% 55.6% 14.5% 42.6%
2004 25.5% 60.9% 15.6% 49%
2003 26.4% 67.8% 16.5% 55.1%
2002 26.8% 64.2% 16.8% 54.7%
2001 25.1% 63.4% 16.2% 51.4%
2000 22.1% 65.8% 15.2% 48.5%
1999 23.3% 75.8% 14.7% 47.7%
1998 19.4% 67.4% 14% 45.1%
1997 19.4% 70.8% 13.9% 44.2%
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/uganda | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 51.5% in Uganda, ranking 115/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Uganda
1x
Year Deficit/surplus, % of GDP
Honduras Uganda
2024 -1.12% -3.99%
2023 -1.96% -4.87%
2022 1.57% -5.45%
2021 -3.17% -7.76%
2020 -4.58% -7.76%
2019 0.09% -4.82%
2018 0.2% -3.02%
2017 -0.41% -3.83%
2016 -0.4% -2.64%
2015 -0.78% -2.59%
2014 -2.81% -2.74%
2013 -5.48% -3.19%
2012 -3.48% -2.39%
2011 -2.94% -2.04%
2010 -3.37% -4.64%
2009 -4.86% -1.61%
2008 -0.27% -1.99%
2007 -0.25% -0.82%
2006 -1.36% -0.64%
2005 -0.03% -0.17%
2004 -2.48% 0.34%
2003 -5.09% -0.97%
2002 -5.02% -2.07%
2001 -3.12% -0.99%
2000 1.51% -0.62%
1999 1.38% -1.24%
1998 2.89% -0.7%
1997 0.08% -0.83%
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/uganda | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Honduras recorded a fiscal deficit in 21 of those years, while Uganda ran a deficit in 27 years. On average, Honduras posted an annual deficit equal to 1.62% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Honduras

Uganda
1x
Year Consumer prices inflation
Honduras Uganda
2024 4.61% 3.3%
2023 6.66% 5.4%
2022 9.09% 7.2%
2021 4.48% 2.2%
2020 3.47% 2.8%
2019 4.37% 2.1%
2018 4.35% 2.5%
2017 3.93% 5.6%
2016 2.72% 5.2%
2015 3.16% 3.7%
2014 6.13% 4.3%
2013 5.16% 5.5%
2012 5.2% 14%
2011 6.76% 18.7%
2010 4.7% 4%
2009 5.5% 13%
2008 11.4% 12%
2007 6.94% 6.1%
2006 5.58% 7.2%
2005 8.81% 8.6%
2004 8.11% 3.7%
2003 7.67% 8.7%
2002 7.69% -0.3%
2001 9.67% 1.9%
2000 11% 3.4%
1999 11.7% 5.8%
1998 13.7% 5.8%
1997 20.2% 7.7%

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

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

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 6.08% in Uganda. In 2024, inflation was 4.61% in Honduras and 3.3% in Uganda.

Top exports between countries

Honduras
Export category Export value
Uganda
Export category Export value
Machinery & equipment $27K

Balance of trade

Honduras Uganda
Current account balance
-$1.65B
2024
-$4.29B
2024
Current account balance ranking
137/190
2024
164/190
2024
Current account balance, % of GDP
-4.45%
2024
-7.96%
2024
Goods imports
$14.6B
2024
$11.7B
2024
Goods exports
$5.67B
2024
$8.67B
2024
Service imports
$3.67B
2024
$4.38B
2024
Service exports
$3.75B
2024
$2.39B
2024
Imports of goods and services, % of GDP
57.6%
2024
25.9%
2024
Exports of goods and services, % of GDP
33.5%
2024
16.8%
2024

Economic freedom indices

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

Honduras Uganda
Economic freedom 59.1 52.4
Economic freedom ranking 105/197 149/197
Property rights 35.7 42.2
Government integrity 24.6 25.1
Judicial effectiveness 27.6 29.4
Tax burden 83.1 73.4
Government spending 80.3 89
Fiscal health 95.2 58.3
Business freedom 59.4 50.2
Labor freedom 37.9 55.9
Monetary freedom 70.1 77.1
Trade freedom 69.8 58
Investment freedom 65 30
Financial freedom 60 40

Economic freedom comparison by year

Honduras
Uganda
1x
Year Economic freedom index
Honduras Uganda
2026 59.1 52.4
2025 59.6 51.3
2024 58.6 50.7
2023 58.7 51.4
2022 59.5 54.2
2021 59.8 58.6
2020 61.1 59.5
2019 60.2 59.7
2018 60.6 62
2017 58.8 60.9
2016 57.7 59.3
2015 57.4 59.7
2014 57.1 59.9
2013 58.4 61.1
2012 58.8 61.9
2011 58.6 61.7
2010 58.3 62.2
2009 58.7 63.5
2008 58.9 63.8
2007 59.1 63.1
2006 57.4 63.9
2005 55.3 62.9
2004 55.3 64.1
2003 60.4 60.1
2002 58.7 61
2001 57 60.4
2000 57.6 58.2
1999 56.7 64.8
1998 56.2 64.7
1997 56 66.6
1996 56.6 66.2
1995 57 62.9

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Uganda
Services, % of GDP
58.4%
2024
43.1%
2024
Industry, % of GDP
26.1%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
24.6%
2024
GNI, Atlas method
$32.7B
2024
$50.9B
2024
GNI per capita, PPP
$6,900
2024
$3,190
2024
Total reserves including gold
$8.04B
2024
$3.36B
2018
Total reserves ranking
84/177
2024
114/177
2018
Net foreign direct investment
-$620M
2024
-$3.26B
2024
Net inflows of foreign direct investment
$1.31B
2024
$3.26B
2024
Net outflows of foreign direct investment
$689M
2024
$400K
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
2.96%
2024
Poverty at national poverty lines
62.9%
2024
20.3%
2019
Gross capital formation, % of GDP
22.5%
2024
22.4%
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/uganda | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2020, retrieved 2026-02-08)

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.