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Economy of Honduras vs Ukraine compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $191B for Ukraine, ranking 104/197 and 57/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Honduras vs Ukraine GDP by year

Honduras
Ukraine
1x
Year GDP, current $
Honduras Ukraine
2024 $37,093,565,854 $190,741,262,415
2023 $34,355,805,528 $181,221,517,869
2022 $31,426,041,807 $161,989,520,721
2021 $28,144,331,507 $199,765,859,571
2020 $23,352,232,484 $156,617,722,013
2019 $24,882,225,742 $153,883,047,510
2018 $24,067,750,760 $130,891,088,294
2017 $23,136,247,991 $112,090,505,082
2016 $21,717,604,952 $93,355,869,404
2015 $20,979,791,685 $91,030,967,789
2014 $19,756,533,972 $133,503,871,862
2013 $18,499,729,215 $190,498,811,460
2012 $18,528,554,398 $182,591,753,828
2011 $17,710,275,685 $169,333,835,202
2010 $15,839,344,592 $141,209,170,427
2009 $14,587,496,229 $121,552,153,444
2008 $13,881,731,876 $188,110,390,660
2007 $12,361,257,681 $148,733,861,386
2006 $10,917,477,066 $111,884,752,475
2005 $9,757,012,697 $89,238,865,119
2004 $8,869,299,234 $67,220,154,164
2003 $8,230,391,347 $52,010,355,753
2002 $7,858,255,413 $43,956,163,612
2001 $7,651,162,302 $39,309,580,983
2000 $7,186,638,029 $32,375,083,935
1999 $6,394,090,592 $31,580,639,554
1998 $6,163,707,533 $41,882,523,345
1997 $5,569,178,707 $50,151,531,592
1996 $4,798,834,459 $44,558,831,005
1995 $4,672,346,194 $48,213,856,469
1994 $4,105,686,899 $52,549,580,265
1993 $4,190,773,622 $65,648,559,903
1992 $4,122,846,905 $73,945,908,384
1991 $3,699,381,195 $77,350,733,982
1990 $3,734,460,117 $81,393,558,423
1989 $4,375,896,552 $82,709,161,099
1988 $4,892,660,944 $74,703,517,903
1987 $5,024,800,000 $64,087,694,038
1986 $4,706,100,000 -
1985 $4,328,300,000 -
1984 $4,029,900,000 -
1983 $3,840,550,000 -
1982 $3,619,500,000 -
1981 $3,501,800,000 -
1980 $3,184,400,000 -
1979 $2,778,900,000 -
1978 $2,393,650,000 -
1977 $1,900,700,000 -
1976 $1,589,300,000 -
1975 $1,330,050,000 -
1974 $1,243,000,000 -
1973 $1,128,299,436 -
1972 $1,030,645,362 -
1971 $958,450,000 -
1970 $904,400,000 -
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/ukraine | CC BY

GDP per capita in Honduras vs Ukraine by year

Honduras
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $5,038 $18,550
2023 $3,227 $7,178 $4,803 $17,665
2022 $3,003 $6,805 $3,946 $14,770
2021 $2,735 $6,203 $4,510 $17,846
2020 $2,308 $5,385 $3,505 $15,541
2019 $2,502 $5,785 $3,423 $14,217
2018 $2,465 $5,633 $2,895 $12,555
2017 $2,413 $5,621 $2,467 $11,536
2016 $2,307 $5,186 $2,047 $10,865
2015 $2,271 $4,846 $1,988 $9,922
2014 $2,180 $4,460 $2,904 $10,494
2013 $2,081 $4,137 $4,130 $10,904
2012 $2,126 $4,016 $3,951 $9,552
2011 $2,074 $3,901 $3,657 $9,127
2010 $1,893 $3,758 $3,040 $8,453
2009 $1,781 $3,656 $2,607 $7,995
2008 $1,732 $3,806 $4,018 $9,324
2007 $1,578 $3,664 $3,160 $8,900
2006 $1,426 $3,438 $2,366 $7,971
2005 $1,305 $3,204 $1,875 $7,142
2004 $1,215 $3,001 $1,401 $6,663
2003 $1,156 $2,821 $1,076 $5,764
2002 $1,132 $2,715 $903 $5,123
2001 $1,132 $2,645 $800 $4,747
2000 $1,093 $2,587 $653 $4,228
1999 $999 $2,372 $632 $3,871
1998 $989 $2,152 $831 $3,794
1997 $917 $1,959 $987 $3,794
1996 $813 $1,617 $870 $3,812
1995 $814 $1,329 $933 $4,124
1994 $736 $1,074 $1,009 $4,565
1993 $773 $838 $1,254 $5,766
1992 $782 $741 $1,413 $6,568
1991 $722 $684 $1,483 $7,148
1990 $750 $540 $1,564 $7,591
1989 $904 - $1,593 -
1988 $1,039 - $1,444 -
1987 $1,098 - $1,244 -
1986 $1,058 - - -
1985 $1,001 - - -
1984 $960 - - -
1983 $942 - - -
1982 $914 - - -
1981 $912 - - -
1980 $854 - - -
1979 $769 - - -
1978 $683 - - -
1977 $559 - - -
1976 $482 - - -
1975 $417 - - -
1974 $401 - - -
1973 $375 - - -
1972 $353 - - -
1971 $338 - - -
1970 $329 - - -
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/ukraine | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Ukraine ranks 101st at $18,550.

Economic indicators

Honduras Ukraine
Gross domestic product
$37.1B
2024
$191B
2024
GDP rank
104/197
2024
57/197
2024
GDP growth
3.55%
2023-2024
2.91%
2023-2024
GDP per capita
$3,426
2024
$5,038
2024
GDP per capita rank
136/197
2024
120/197
2024
GDP per capita, PPP
$7,486
2024
$18,550
2024
GDP per capita PPP rank
146/197
2024
101/197
2024
Government debt
$17.5B
2024
$171B
2024
Debt-to-GDP ratio
47.1%
2024
89.7%
2024
Government debt per person
$1,613
2024
$4,520
2024
Government debt per person rank
126/185
2024
86/185
2024
Average annual personal income after taxes
$4,901
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
32.3%
2024
21.7%
2020
Income share by poorest 10%
1.2%
2024
4.3%
2020
Government expenditure, % of GDP
25.7%
2024
71.3%
2024
Consumer prices inflation
4.61%
2023-2024
6.5%
2023-2024
Central bank interest rate
5.75%
2024
15.5%
2025
Unemployment rate
4.91%
2024
9.83%
2021
Population
11237619
40125599

Spending and national debt comparison by year

Honduras
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Honduras Ukraine
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 71.3% 89.7%
2023 27.2% 47.9% 73.4% 81.2%
2022 24% 51% 65.4% 77.7%
2021 28.8% 50.3% 40.5% 48.9%
2020 28.4% 52.5% 45.6% 60.5%
2019 25.9% 44.1% 41.5% 50.5%
2018 26.2% 43.5% 41.9% 60.4%
2017 26.9% 43.6% 41.7% 71.6%
2016 27.4% 40.3% 40.8% 79.5%
2015 26% 42.3% 43% 79.3%
2014 26.4% 43% 44.8% 70.3%
2013 28% 42.1% 48.1% 40.5%
2012 26.4% 32.4% 49% 37.5%
2011 25.9% 31.5% 45.7% 36.9%
2010 26.5% 28.9% 49.2% 40.6%
2009 28.4% 23.8% 48.6% 35.4%
2008 26.4% 22.3% 47.1% 20.4%
2007 24.4% 24% 43.7% 12.3%
2006 24.4% 39.2% 44.6% 14.8%
2005 23.6% 55.6% 44.2% 17.7%
2004 25.5% 60.9% 41.6% 24.8%
2003 26.4% 67.8% 38.9% 29.4%
2002 26.8% 64.2% 37.9% 33.6%
2001 25.1% 63.4% 36.7% 36.7%
2000 22.1% 65.8% 35.5% 43.8%
1999 23.3% 75.8% 25.8% 59%
1998 19.4% 67.4% 37.1% 46.5%
1997 19.4% 70.8% 40.8% 28.9%
1996 18.7% 64.6% 36.9% 24.4%
1995 17.2% 65.4% 41.3% 30.2%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 89.7% in Ukraine, ranking 115/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Ukraine
1x
Year Deficit/surplus, % of GDP
Honduras Ukraine
2024 -1.12% -17.2%
2023 -1.96% -19.3%
2022 1.57% -15.6%
2021 -3.17% -3.97%
2020 -4.58% -5.92%
2019 0.09% -2.08%
2018 0.2% -2.12%
2017 -0.41% -2.36%
2016 -0.4% -2.46%
2015 -0.78% -1.16%
2014 -2.81% -4.46%
2013 -5.48% -4.78%
2012 -3.48% -4.31%
2011 -2.94% -2.76%
2010 -3.37% -5.77%
2009 -4.86% -6.27%
2008 -0.27% -3.14%
2007 -0.25% -1.97%
2006 -1.36% -1.36%
2005 -0.03% -2.28%
2004 -2.48% -4.41%
2003 -5.09% -0.89%
2002 -5.02% -1.84%
2001 -3.12% -3.03%
2000 1.51% -3.19%
1999 1.38% 4.95%
1998 2.89% -2.69%
1997 0.08% -5.37%
1996 0.13% -3.09%
1995 -0.24% -4.72%
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) | 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/ukraine | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Honduras recorded a fiscal deficit in 22 of those years, while Ukraine ran a deficit in 29 years. On average, Honduras posted an annual deficit equal to 1.51% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Honduras

Ukraine
1x
Year Consumer prices inflation
Honduras Ukraine
2024 4.61% 6.5%
2023 6.66% 12.9%
2022 9.09% 20.2%
2021 4.48% 9.4%
2020 3.47% 2.7%
2019 4.37% 7.9%
2018 4.35% 10.9%
2017 3.93% 14.4%
2016 2.72% 13.9%
2015 3.16% 48.7%
2014 6.13% 12.1%
2013 5.16% -0.3%
2012 5.2% 0.6%
2011 6.76% 8%
2010 4.7% 9.4%
2009 5.5% 15.9%
2008 11.4% 25.2%
2007 6.94% 12.8%
2006 5.58% 9.1%
2005 8.81% 13.5%
2004 8.11% 9%
2003 7.67% 5.2%
2002 7.69% 0.8%
2001 9.67% 12%
2000 11% 28.2%
1999 11.7% 22.7%
1998 13.7% 10.6%
1997 20.2% 15.9%

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/ukraine | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 12.8% in Ukraine. In 2024, inflation was 4.61% in Honduras and 6.5% in Ukraine.

Top exports between countries

Honduras
Export category Export value
Raw agricultural goods $113K
Processed food, beverages & tobacco $79K
Chemicals & pharma $19K
Textiles & consumer goods $1K
Ukraine
Export category Export value
Raw materials & minerals $6.99M
Metals $6.95M
Chemicals & pharma $228K
Raw agricultural goods $158K
Processed food, beverages & tobacco $25K
Machinery & equipment $13K
Wood & paper products $5K

Balance of trade

Honduras Ukraine
Current account balance
-$1.65B
2024
-$15.1B
2024
Current account balance ranking
137/190
2024
179/190
2024
Current account balance, % of GDP
-4.45%
2024
-7.94%
2024
Goods imports
$14.6B
2024
$72.3B
2024
Goods exports
$5.67B
2024
$39.3B
2024
Service imports
$3.67B
2024
$22.9B
2024
Service exports
$3.75B
2024
$17.3B
2024
Imports of goods and services, % of GDP
57.6%
2024
48.3%
2024
Exports of goods and services, % of GDP
33.5%
2024
29.4%
2024

Economic freedom indices

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

Honduras Ukraine
Economic freedom 59.1 54.1
Economic freedom ranking 105/197 135/197
Property rights 35.7 21.6
Government integrity 24.6 35
Judicial effectiveness 27.6 28.2
Tax burden 83.1 83.7
Government spending 80.3 0
Fiscal health 95.2 3.9
Business freedom 59.4 57.4
Labor freedom 37.9 46.9
Monetary freedom 70.1 65.7
Trade freedom 69.8 73
Investment freedom 65 35
Financial freedom 60 30

Economic freedom comparison by year

Honduras
Ukraine
1x
Year Economic freedom index
Honduras Ukraine
2026 59.1 -
2025 59.6 -
2024 58.6 -
2023 58.7 -
2022 59.5 54.1
2021 59.8 56.2
2020 61.1 54.9
2019 60.2 52.3
2018 60.6 51.9
2017 58.8 48.1
2016 57.7 46.8
2015 57.4 46.9
2014 57.1 49.3
2013 58.4 46.3
2012 58.8 46.1
2011 58.6 45.8
2010 58.3 46.4
2009 58.7 48.8
2008 58.9 51
2007 59.1 51.5
2006 57.4 54.4
2005 55.3 55.8
2004 55.3 53.7
2003 60.4 51.1
2002 58.7 48.2
2001 57 48.5
2000 57.6 47.8
1999 56.7 43.7
1998 56.2 40.4
1997 56 43.5
1996 56.6 40.6
1995 57 39.9

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Ukraine
Services, % of GDP
58.4%
2024
60.6%
2024
Industry, % of GDP
26.1%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
7.11%
2024
GNI, Atlas method
$32.7B
2024
$184B
2024
GNI per capita, PPP
$6,900
2024
$18,560
2024
Total reserves including gold
$8.04B
2024
$43.8B
2024
Total reserves ranking
84/177
2024
46/177
2024
Net foreign direct investment
-$620M
2024
-$3.71B
2024
Net inflows of foreign direct investment
$1.31B
2024
$4.02B
2024
Net outflows of foreign direct investment
$689M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
5.42%
2024
Poverty at national poverty lines
62.9%
2024
23.2%
2020
Gross capital formation, % of GDP
22.5%
2024
18.6%
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/ukraine | 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 (1927–1996, 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 (2020–2024, 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.