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Economy of Honduras vs Vietnam compared: GDP & Debt

Updated on by Georank team

Honduras has a GDP of $37.1B compared to $476B for Vietnam, ranking 104/197 and 33/197 by economy size, respectively.

Honduras has $17.5B in government debt (47.1% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Honduras vs Vietnam GDP by year

Honduras
Vietnam
1x
Year GDP, current $
Honduras Vietnam
2024 $37,093,565,854 $476,388,230,307
2023 $34,355,805,528 $433,857,681,378
2022 $31,426,041,807 $413,445,230,669
2021 $28,144,331,507 $366,474,752,771
2020 $23,352,232,484 $346,615,738,538
2019 $24,882,225,742 $334,365,270,497
2018 $24,067,750,760 $310,106,478,395
2017 $23,136,247,991 $281,353,605,987
2016 $21,717,604,952 $257,096,001,178
2015 $20,979,791,685 $239,258,328,382
2014 $19,756,533,972 $233,451,469,643
2013 $18,499,729,215 $213,708,811,665
2012 $18,528,554,398 $195,590,661,129
2011 $17,710,275,685 $172,595,049,184
2010 $15,839,344,592 $147,201,173,197
2009 $14,587,496,229 $106,014,659,565
2008 $13,881,731,876 $99,130,304,099
2007 $12,361,257,681 $77,414,425,532
2006 $10,917,477,066 $66,371,664,817
2005 $9,757,012,697 $57,633,255,738
2004 $8,869,299,234 $45,427,854,693
2003 $8,230,391,347 $39,552,513,232
2002 $7,858,255,413 $35,064,105,501
2001 $7,651,162,302 $32,685,198,809
2000 $7,186,638,029 $31,172,518,403
1999 $6,394,090,592 $28,683,659,007
1998 $6,163,707,533 $27,209,602,050
1997 $5,569,178,707 $26,843,700,442
1996 $4,798,834,459 $24,657,470,575
1995 $4,672,346,194 $20,736,164,459
1994 $4,105,686,899 $16,286,433,533
1993 $4,190,773,622 $13,180,953,598
1992 $4,122,846,905 $9,866,990,236
1991 $3,699,381,195 $9,613,369,520
1990 $3,734,460,117 $6,471,740,806
1989 $4,375,896,552 $6,293,304,975
1988 $4,892,660,944 $25,423,812,649
1987 $5,024,800,000 $36,658,108,850
1986 $4,706,100,000 $26,336,616,250
1985 $4,328,300,000 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Honduras vs Vietnam by year

Honduras
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Honduras Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,426 $7,486 $4,717 $16,386
2023 $3,227 $7,178 $4,323 $15,034
2022 $3,003 $6,805 $4,148 $13,905
2021 $2,735 $6,203 $3,704 $12,049
2020 $2,308 $5,385 $3,534 $11,609
2019 $2,502 $5,785 $3,441 $11,029
2018 $2,465 $5,633 $3,222 $10,010
2017 $2,413 $5,621 $2,956 $9,170
2016 $2,307 $5,186 $2,735 $8,375
2015 $2,271 $4,846 $2,578 $7,672
2014 $2,180 $4,460 $2,546 $7,297
2013 $2,081 $4,137 $2,360 $6,758
2012 $2,126 $4,016 $2,185 $6,377
2011 $2,074 $3,901 $1,951 $5,786
2010 $1,893 $3,758 $1,683 $5,389
2009 $1,781 $3,656 $1,226 $5,061
2008 $1,732 $3,806 $1,164 $4,844
2007 $1,578 $3,664 $926 $4,581
2006 $1,426 $3,438 $808 $4,237
2005 $1,305 $3,204 $711 $3,894
2004 $1,215 $3,001 $565 $3,543
2003 $1,156 $2,821 $497 $3,240
2002 $1,132 $2,715 $445 $3,002
2001 $1,132 $2,645 $419 $2,809
2000 $1,093 $2,587 $404 $2,614
1999 $999 $2,372 $376 $2,421
1998 $989 $2,152 $361 $2,308
1997 $917 $1,959 $362 $2,189
1996 $813 $1,617 $337 $2,019
1995 $814 $1,329 $287.8 $1,841
1994 $736 $1,074 $229.9 $1,674
1993 $773 $838 $189.4 $1,534
1992 $782 $741 $144.5 $1,413
1991 $722 $684 $143.7 $1,298
1990 $750 $540 $98.8 $1,210
1989 $904 - $98.1 -
1988 $1,039 - $405 -
1987 $1,098 - $595 -
1986 $1,058 - $436 -
1985 $1,001 - $238.6 -
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/vietnam | CC BY

Honduras' GDP per capita is $3,426, ranking 136/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Honduras ranks 146th at $7,486, while Vietnam ranks 108th at $16,386.

Economic indicators

Honduras Vietnam
Gross domestic product
$37.1B
2024
$476B
2024
GDP rank
104/197
2024
33/197
2024
GDP growth
3.55%
2023-2024
7.09%
2023-2024
GDP per capita
$3,426
2024
$4,717
2024
GDP per capita rank
136/197
2024
122/197
2024
GDP per capita, PPP
$7,486
2024
$16,386
2024
GDP per capita PPP rank
146/197
2024
108/197
2024
Government debt
$17.5B
2024
$149B
2024
Debt-to-GDP ratio
47.1%
2024
31.3%
2024
Government debt per person
$1,613
2024
$1,475
2024
Government debt per person rank
126/185
2024
132/185
2024
Average annual personal income after taxes
$4,901
2026
$4,020
2026
Market capitalization of domestic companies n/a
$205B
2024
Number of billionaires n/a
5
2025
Income share by richest 10%
32.3%
2024
28.1%
2022
Income share by poorest 10%
1.2%
2024
2.6%
2022
Government expenditure, % of GDP
25.7%
2024
19.1%
2024
Consumer prices inflation
4.61%
2023-2024
3.6%
2023-2024
Central bank interest rate
5.75%
2024
4.5%
2023
Unemployment rate
4.91%
2024
1.53%
2024
Population
11237619
102365351

Spending and national debt comparison by year

Honduras
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Honduras Vietnam
Government spending Government debt Government spending Government debt
2024 25.7% 47.1% 19.1% 31.3%
2023 27.2% 47.9% 18.8% 34.3%
2022 24% 51% 18.2% 34.9%
2021 28.8% 50.3% 20.1% 39.2%
2020 28.4% 52.5% 21.3% 41.3%
2019 25.9% 44.1% 19.8% 41%
2018 26.2% 43.5% 20.5% 43.8%
2017 26.9% 43.6% 21.5% 46.6%
2016 27.4% 40.3% 22.2% 47.9%
2015 26% 42.3% 24.2% 46.1%
2014 26.4% 43% 22.8% 43.6%
2013 28% 42.1% 24.5% 41.4%
2012 26.4% 32.4% 23.5% 38.3%
2011 25.9% 31.5% 21.2% 36.2%
2010 26.5% 28.9% 23.7% 37.3%
2009 28.4% 23.8% 25% 36.2%
2008 26.4% 22.3% 21.4% 31%
2007 24.4% 24% 22.3% 32.2%
2006 24.4% 39.2% 20.5% 30.2%
2005 23.6% 55.6% 20.6% 28.7%
2004 25.5% 60.9% 19.4% 29.4%
2003 26.4% 67.8% 22.2% 29.8%
2002 26.8% 64.2% 19.7% 27.7%
2001 25.1% 63.4% 19.2% 25.4%
2000 22.1% 65.8% 17.8% 24.8%
1999 23.3% 75.8% 16.7% -
1998 19.4% 67.4% 16% -
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/vietnam | CC BY

In 2024, Honduras' government spending was $9.52B, accounting for 25.7% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 47.1% in Honduras and 31.3% in Vietnam, ranking 115/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Honduras

Vietnam
1x
Year Deficit/surplus, % of GDP
Honduras Vietnam
2024 -1.12% -1.54%
2023 -1.96% -1.72%
2022 1.57% 0.67%
2021 -3.17% -1.43%
2020 -4.58% -2.86%
2019 0.09% -0.4%
2018 0.2% -1.02%
2017 -0.41% -1.96%
2016 -0.4% -3.16%
2015 -0.78% -4.98%
2014 -2.81% -5.02%
2013 -5.48% -5.96%
2012 -3.48% -5.46%
2011 -2.94% -0.9%
2010 -3.37% -2.25%
2009 -4.86% -4.82%
2008 -0.27% -0.45%
2007 -0.25% -1.74%
2006 -1.36% 0.2%
2005 -0.03% -0.95%
2004 -2.48% -0.15%
2003 -5.09% -2.56%
2002 -5.02% -1.85%
2001 -3.12% -2.19%
2000 1.51% -1.61%
1999 1.38% -1.25%
1998 2.89% -0.1%
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/vietnam | CC BY

In 2024, Honduras' government deficit, the difference between spending and revenue, was $415M, equivalent to 1.12% of GDP. This compares to Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, Honduras recorded a fiscal deficit in 21 of those years, while Vietnam ran a deficit in 25 years. On average, Honduras posted an annual deficit equal to 1.68% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Honduras

Vietnam
1x
Year Consumer prices inflation
Honduras Vietnam
2024 4.61% 3.6%
2023 6.66% 3.3%
2022 9.09% 3.2%
2021 4.48% 1.8%
2020 3.47% 3.2%
2019 4.37% 2.8%
2018 4.35% 3.5%
2017 3.93% 3.5%
2016 2.72% 2.7%
2015 3.16% 0.6%
2014 6.13% 4.1%
2013 5.16% 6.6%
2012 5.2% 9.1%
2011 6.76% 18.7%
2010 4.7% 9.1%
2009 5.5% 6.7%
2008 11.4% 23.3%
2007 6.94% 8.4%
2006 5.58% 7.7%
2005 8.81% 8.3%
2004 8.11% 7.8%
2003 7.67% 3.1%
2002 7.69% 3.8%
2001 9.67% -0.4%
2000 11% -1.8%
1999 11.7% 4.1%
1998 13.7% 8.1%
1997 20.2% 3.1%

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/vietnam | CC BY

Over the past 28 years, Honduras has recorded an average annual inflation rate of 7.24%, compared with 5.64% in Vietnam. In 2024, inflation was 4.61% in Honduras and 3.6% in Vietnam.

Top exports between countries

Honduras
Export category Export value
Raw agricultural goods $4.79M
Metals $932K
Processed food, beverages & tobacco $559K
Chemicals & pharma $258K
Wood & paper products $240K
Animal & marine products $177K
Machinery & equipment $84K
Textiles & consumer goods $45K
Miscellaneous $2K
Raw materials & minerals $1K
Vietnam
Export category Export value

Balance of trade

Honduras Vietnam
Current account balance
-$1.65B
2024
$28B
2024
Current account balance ranking
137/190
2024
18/190
2024
Current account balance, % of GDP
-4.45%
2024
+5.89%
2024
Goods imports
$14.6B
2024
$362B
2024
Goods exports
$5.67B
2024
$406B
2024
Service imports
$3.67B
2024
$36.2B
2024
Service exports
$3.75B
2024
$23.9B
2024
Imports of goods and services, % of GDP
57.6%
2024
83.7%
2024
Exports of goods and services, % of GDP
33.5%
2024
90.2%
2024

Economic freedom indices

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

Honduras Vietnam
Economic freedom 59.1 64.4
Economic freedom ranking 105/197 73/197
Property rights 35.7 47.3
Government integrity 24.6 39.2
Judicial effectiveness 27.6 31.3
Tax burden 83.1 80.9
Government spending 80.3 89.5
Fiscal health 95.2 96.9
Business freedom 59.4 70
Labor freedom 37.9 54.7
Monetary freedom 70.1 73.2
Trade freedom 69.8 79.8
Investment freedom 65 60
Financial freedom 60 50

Economic freedom comparison by year

Honduras
Vietnam
1x
Year Economic freedom index
Honduras Vietnam
2026 59.1 64.4
2025 59.6 65.2
2024 58.6 62.8
2023 58.7 61.8
2022 59.5 60.6
2021 59.8 61.7
2020 61.1 58.8
2019 60.2 55.3
2018 60.6 53.1
2017 58.8 52.4
2016 57.7 54
2015 57.4 51.7
2014 57.1 50.8
2013 58.4 51
2012 58.8 51.3
2011 58.6 51.6
2010 58.3 49.8
2009 58.7 51
2008 58.9 50.4
2007 59.1 49.8
2006 57.4 50.5
2005 55.3 48.1
2004 55.3 46.1
2003 60.4 46.2
2002 58.7 45.6
2001 57 44.3
2000 57.6 43.7
1999 56.7 42.7
1998 56.2 40.4
1997 56 38.6
1996 56.6 40.2
1995 57 41.7

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

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

The Economic Freedom Index for Honduras is 59.1, ranking 105/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Honduras Vietnam
Services, % of GDP
58.4%
2024
42.4%
2024
Industry, % of GDP
26.1%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
11.9%
2024
GNI, Atlas method
$32.7B
2024
$454B
2024
GNI per capita, PPP
$6,900
2024
$15,850
2024
Total reserves including gold
$8.04B
2024
$83.1B
2024
Total reserves ranking
84/177
2024
30/177
2024
Net foreign direct investment
-$620M
2024
-$19.6B
2024
Net inflows of foreign direct investment
$1.31B
2024
$20.2B
2024
Net outflows of foreign direct investment
$689M
2024
$600M
2024
Servicing debt to the IMF, % of GNI
5.23%
2024
7.29%
2024
Poverty at national poverty lines
62.9%
2024
4.2%
2022
Gross capital formation, % of GDP
22.5%
2024
30.6%
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/vietnam | 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. TradeMap (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.