Honduras's GDP changed from approximately $3B 968M in 1980 to $37B 355M in 2024, showing an overall 841.4% sharply increased during the period.
The lowest GDP was recorded in 1980 at $3B 968M, and the highest in 2024 at $37B 355M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.2%.
For comparison, the average annual growth rate of El Salvador was 5.1%, and that of Nicaragua was 5.4%.
Overview of Honduras's GDP (1980–2024)
The Gross Domestic Product (GDP) of Honduras recorded a 841.4% sharply increased from 1980 to 2024.
The average GDP during this period was $12B 658M, and the median was $7B 877M.
GDP fluctuated within a range of $33B 387M, with a standard deviation of $9B 246M.
The average annual change was $638M 92K.
Honduras GDP from 1980 to 2024
The total market value of goods and services produced annually in Honduras.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1980, $3B 968M
- Highest GDP: 2024, $37B 355M
- Most Recent GDP: 2024, $37B 355M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 1990: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Honduras's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $25B 91M → $23B 826M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $12B 361M → $14B 587M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $7B 104M → $7B 653M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $5B 736M → $6B 366M
- Outcome: sharply increased
Key Economic Indicators of Honduras (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 968M | $ 1,080.43 | $ 1,388.10 | $ 5B 98M | 0.599 % | -7.981 % | 8.03 % | 0 % | 3M 673K people |
1981 | $ 4B 43M | $ 1,066.90 | $ 1,454.31 | $ 5B 512M | -1.222 % | -7.49 % | 7.20 % | 0 % | 3M 790K people |
1982 | $ 4B 267M | $ 1,091.79 | $ 1,466.67 | $ 5B 731M | -2.075 % | -5.206 % | 4.39 % | 0 % | 3M 908K people |
1983 | $ 4B 477M | $ 1,111.12 | $ 1,491.66 | $ 6B 10M | 0.906 % | -4.91 % | 4.61 % | 0 % | 4M 29K people |
1984 | $ 4B 915M | $ 1,183.30 | $ 1,593.87 | $ 6B 621M | 6.327 % | -5.554 % | 6.21 % | 0 % | 4M 154K people |
1985 | $ 5B 278M | $ 1,232.42 | $ 1,684.54 | $ 7B 214M | 5.626 % | -3.45 % | 8.49 % | 0 % | 4M 283K people |
1986 | $ 5B 678M | $ 1,287.14 | $ 1,757.35 | $ 7B 752M | 5.331 % | -1.77 % | 7.52 % | 0 % | 4M 411K people |
1987 | $ 6B 191M | $ 1,362.48 | $ 1,864.50 | $ 8B 471M | 6.638 % | -3.911 % | 7.77 % | 0 % | 4M 544K people |
1988 | $ 6B 877M | $ 1,469.40 | $ 1,906.74 | $ 8B 923M | 1.746 % | -1.915 % | 12.21 % | 0 % | 4M 680K people |
1989 | $ 7B 877M | $ 1,635.70 | $ 1,978.19 | $ 9B 526M | 2.728 % | -2.764 % | 9.79 % | 0 % | 4M 816K people |
1990 | $ 4B 923M | $ 993.49 | $ 2,050.05 | $ 10B 159M | 2.792 % | -1.633 % | 12.60 % | 0.505 % | 4M 955K people |
1991 | $ 4B 649M | $ 911.76 | $ 1,991.46 | $ 10B 154M | -3.319 % | -3.235 % | 13.04 % | 2.005 % | 5M 99K people |
1992 | $ 4B 944M | $ 942.61 | $ 2,100.37 | $ 11B 16M | 6.074 % | -4.448 % | 13.51 % | 2.749 % | 5M 245K people |
1993 | $ 4B 961M | $ 919.59 | $ 2,226.26 | $ 12B 9M | 6.496 % | -6.249 % | 17.47 % | -1.496 % | 5M 394K people |
1994 | $ 4B 642M | $ 836.61 | $ 2,215.16 | $ 12B 292M | 0.212 % | -6.658 % | 21.16 % | 1.606 % | 5M 549K people |
1995 | $ 5B 415M | $ 948.44 | $ 2,334.24 | $ 13B 326M | 6.189 % | -3.265 % | 24.64 % | 2.187 % | 5M 709K people |
1996 | $ 5B 217M | $ 888 | $ 2,353.11 | $ 13B 824M | 1.871 % | -3.717 % | 23.26 % | 2.515 % | 5M 875K people |
1997 | $ 5B 736M | $ 948.72 | $ 2,432.98 | $ 14B 709M | 4.598 % | -2.96 % | 24.61 % | 2.563 % | 6M 46K people |
1998 | $ 6B 366M | $ 1,023.40 | $ 2,477.08 | $ 15B 408M | 3.59 % | -2.014 % | 24.61 % | 5.288 % | 6M 220K people |
1999 | $ 6B 417M | $ 1,003.07 | $ 2,424.75 | $ 15B 512M | -0.736 % | -3.76 % | 28.89 % | 3.784 % | 6M 397K people |
