Honduras: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 41.26
 Year 2023
 Measure percent
 Data availability 2002 - 2023
 Average 43.41
 Min - Max 23.10 - 68.11
 Source Central American Monetary Council
For that indicator, we provide data for Honduras from 2002 to 2023. The average value for Honduras during that period was 43.41 percent with a minimum of 23.1 percent in 2008 and a maximum of 68.11 percent in 2004. The latest value from 2023 is 41.26 percent. For comparison, the world average in 2023 based on 76 countries is 67.70 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Honduras - Government debt - Recent values chart

Historical chart
Honduras - Government debt - historical chart - 2002-2023

The government debt in Honduras and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.21 2022 percent
 Government spending, in dollars 4.51 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.75 2022 percent
 Government debt 41.26 2023 percent
 Tax revenue 14.77 2020 percent
 Commercial tax rate 39.10 2019 percent
 Tax preparation time 203 2019 hours
 Number of taxes 59 2019 taxes
 Taxes on goods and services 43.38 2020 percent
 Taxes on international trade 2.62 2020 percent
 Income and profits taxes 19.51 2020 percent
 Foreign aid 617.01 2021 million U.S. dollars
This site uses cookies.
Learn more here