[ Nominal GDP in billions of USD ]
Year -
$37.09 billions
Honduras GDP expanded from 1960 to 2024, increasing from $0.48 billion to $37.09 billion.The compound annual growth rate (CAGR) averaged 7.03% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.29%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 37.09 Billions | $ 81.04 Int Billions |
| Growth (YoY) | 7.969% | 6.058% |
| Net Change vs Previous Year | $ 2.74 Billion | $ 4.63 Int Billion |
| % of World GDP | 0.03% | 0.04% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.48 | - | - | - | - | - |
| 1961 | 0.5 | 0.03 | 5.813 % | - | - | - |
| 1962 | 0.53 | 0.03 | 5.792 % | - | - | - |
| 1963 | 0.55 | 0.02 | 3.953 % | - | - | - |
| 1964 | 0.59 | 0.04 | 6.793 % | - | - | - |
| 1965 | 0.65 | 0.06 | 10.142 % | - | - | - |
| 1966 | 0.69 | 0.04 | 6.313 % | - | - | - |
| 1967 | 0.75 | 0.06 | 8.495 % | - | - | - |
| 1968 | 0.82 | 0.06 | 8.589 % | - | - | - |
| 1969 | 0.84 | 0.03 | 3.55 % | - | - | - |
| 1970 | 0.9 | 0.06 | 7.106 % | - | - | - |
| 1971 | 0.96 | 0.05 | 5.976 % | - | - | - |
| 1972 | 1.03 | 0.07 | 7.533 % | - | - | - |
| 1973 | 1.13 | 0.1 | 9.475 % | - | - | - |
| 1974 | 1.24 | 0.11 | 10.166 % | - | - | - |
| 1975 | 1.33 | 0.09 | 7.003 % | - | - | - |
| 1976 | 1.59 | 0.26 | 19.492 % | - | - | - |
| 1977 | 1.9 | 0.31 | 19.594 % | - | - | - |
| 1978 | 2.39 | 0.49 | 25.935 % | - | - | - |
| 1979 | 2.78 | 0.39 | 16.095 % | - | - | - |
| 1980 | 3.18 | 0.41 | 14.592 % | - | - | - |
| 1981 | 3.5 | 0.32 | 9.967 % | - | - | - |
| 1982 | 3.62 | 0.12 | 3.361 % | - | - | - |
| 1983 | 3.84 | 0.22 | 6.107 % | - | - | - |
| 1984 | 4.03 | 0.19 | 4.93 % | - | - | - |
| 1985 | 4.33 | 0.3 | 7.405 % | - | - | - |
| 1986 | 4.71 | 0.38 | 8.729 % | - | - | - |
| 1987 | 5.02 | 0.32 | 6.772 % | - | - | - |
| 1988 | 4.89 | -0.13 | -2.63 % | - | - | - |
| 1989 | 4.38 | -0.52 | -10.562 % | - | - | - |
| 1990 | 3.73 | -0.64 | -14.658 % | 2.69 | - | - |
| 1991 | 3.7 | -0.04 | -0.939 % | 3.5 | 0.82 | 30.31 % |
| 1992 | 4.12 | 0.42 | 11.447 % | 3.91 | 0.4 | 11.52 % |
| 1993 | 4.19 | 0.07 | 1.648 % | 4.55 | 0.64 | 16.331 % |
| 1994 | 4.11 | -0.09 | -2.03 % | 5.99 | 1.44 | 31.774 % |
| 1995 | 4.67 | 0.57 | 13.802 % | 7.63 | 1.63 | 27.288 % |
| 1996 | 4.8 | 0.13 | 2.707 % | 9.55 | 1.92 | 25.208 % |
| 1997 | 5.57 | 0.77 | 16.053 % | 11.89 | 2.34 | 24.539 % |
| 1998 | 6.16 | 0.59 | 10.675 % | 13.42 | 1.53 | 12.83 % |
| 1999 | 6.39 | 0.23 | 3.738 % | 15.18 | 1.77 | 13.155 % |
| 2000 | 7.19 | 0.79 | 12.395 % | 17.02 | 1.84 | 12.095 % |
| 2001 | 7.65 | 0.46 | 6.464 % | 17.88 | 0.86 | 5.036 % |
| 2002 | 7.86 | 0.21 | 2.707 % | 18.84 | 0.96 | 5.367 % |
| 2003 | 8.23 | 0.37 | 4.736 % | 20.08 | 1.25 | 6.611 % |
| 2004 | 8.87 | 0.64 | 7.763 % | 21.91 | 1.83 | 9.089 % |
| 2005 | 9.76 | 0.89 | 10.009 % | 23.96 | 2.05 | 9.376 % |
| 2006 | 10.92 | 1.16 | 11.894 % | 26.32 | 2.36 | 9.854 % |
| 2007 | 12.36 | 1.44 | 13.224 % | 28.71 | 2.39 | 9.065 % |
| 2008 | 13.88 | 1.52 | 12.3 % | 30.5 | 1.79 | 6.24 % |
| 2009 | 14.59 | 0.71 | 5.084 % | 29.94 | -0.56 | -1.83 % |
| 2010 | 15.84 | 1.25 | 8.582 % | 31.44 | 1.49 | 4.992 % |
| 2011 | 17.71 | 1.87 | 11.812 % | 33.31 | 1.88 | 5.978 % |
| 2012 | 18.53 | 0.82 | 4.62 % | 35 | 1.69 | 5.068 % |
| 2013 | 18.5 | -0.03 | -0.156 % | 36.78 | 1.78 | 5.071 % |
| 2014 | 19.76 | 1.26 | 6.794 % | 40.42 | 3.64 | 9.909 % |
| 2015 | 20.98 | 1.22 | 6.192 % | 44.76 | 4.34 | 10.732 % |
| 2016 | 21.72 | 0.74 | 3.517 % | 48.81 | 4.05 | 9.057 % |
| 2017 | 23.14 | 1.42 | 6.532 % | 53.89 | 5.08 | 10.402 % |
| 2018 | 24.07 | 0.93 | 4.026 % | 55.01 | 1.12 | 2.077 % |
| 2019 | 24.88 | 0.81 | 3.384 % | 57.52 | 2.51 | 4.566 % |
| 2020 | 23.35 | -1.53 | -6.149 % | 54.49 | -3.03 | -5.271 % |
| 2021 | 28.14 | 4.79 | 20.521 % | 63.83 | 9.34 | 17.134 % |
| 2022 | 31.43 | 3.28 | 11.66 % | 71.21 | 7.38 | 11.568 % |
| 2023 | 34.36 | 2.93 | 9.323 % | 76.41 | 5.2 | 7.303 % |
| 2024 | 37.09 | 2.74 | 7.969 % | 81.04 | 4.63 | 6.058 % |
Between 1960 to 2024, Honduras experienced the following economic phases:
The most remarkable growth occurred in 1978 with an increase of 25.935%, while the largest decline was in 1990 at -14.658%.