The Gross Domestic Product (GDP) in Iran expanded 1.59 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Iran GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iran’s gross domestic product (GDP) inclined by 3.33 percent in 2020 after adjusting for inflation. This figure fell from 13.4 percent growth four years ago, which had been a reaction to sanctions lifting after the Joint Comprehensive Plan of Action (JPCOA) regarding Iran’s nuclear program. United States president Donald Trump ended that country’s participation in the deal, imposing new sanctions.

Political influence on the economy

Political tensions have hampered the economy of Iran, keeping growth low in spite of the country’s considerable oil reserves. The effect of these sanctions becomes obvious when looking at Iran’s oil exports to Europe over the past decade. Some analysts have blamed the new sanctions for the increase in Iran’s inflation rate, as well as the currency depreciation that has accompanied it.

Iran’s options

Although Iran’s main export partners are largely in Asia, many of the transactions are carried out using U.S. dollars. Even though other means of payment are possible, some countries worry about political ramifications of continuing trade relations with Iran. Iran’s greatest strength at the moment may be its low national debt, meaning that it can borrow a substantial amount of money if it can find a willing lender. However, given the instability of the political situation worldwide and regionally, it is difficult to assume that such a borrower exists at the moment.

Key information about Iran Real GDP Growth

• The Gross Domestic Product (GDP) in Iran expanded 5.0 % YoY in Mar 2022, following a growth of 6.7 % in the previous quarter.
• Real GDP Growth YoY data in Iran is updated quarterly, available from Jun 1989 to Mar 2022, with an average rate of 3.9 %.
• The data reached an all-time high of 22.7 % in Jun 1992 and a record low of -16.0 % in Sep 2008.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Bank of the Islamic Republic of Iran provides Real GDP in local currency, at 2016-2017 prices. Real GDP Growth prior to Q1 2020 is calculated from Real GDP at 2011-2012 prices. Real GDP Growth prior to Q2 2005 is calculated from Real GDP at 1997-1998 prices.


Related information about Iran Real GDP Growth

• In the latest reports, Nominal GDP of Iran reached 429.4 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 51.5 % in Mar 2022.
• GDP Per Capita in Iran reached 11,557.0 USD in Mar 2021.
• Its Gross Savings Rate was measured at 36.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 32.9 % in Mar 2022.
• Public Consumption accounted for 18.0 % in Mar 2022.
• Private Consumption accounted for 45.2 % in Mar 2022.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of (IRNNGDPORPCHPT) from 2000 to 2025 about Iran, REO, oil, real, GDP, and rate.

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Iran was about 401.36 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 305.51 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 89.56 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Iran: Economic growth forecast: The latest value from 2030 is 1.96 percent, a decline from 1.98 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Iran from 1980 to 2030 is 2.39 percent. The minimum value, -21.6 percent, was reached in 1980 while the maximum of 23.17 percent was recorded in 1982.

Iran IR: GDP: Growth: Gross Value Added: Industry data was reported at 4.715 % in 2018. This records a decrease from the previous number of 24.706 % for 2017. Iran IR: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 4.715 % from Mar 1962 (Median) to 2018, with 57 observations. The data reached an all-time high of 74.268 % in 1983 and a record low of -51.395 % in 1981. Iran IR: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Key information about Iran Nominal GDP Growth

• Iran Nominal GDP Growth was reported at 35.070 % in Mar 2024.
• This records a decrease from the previous number of 37.422 % for Dec 2023.
• Iran Nominal GDP Growth data is updated quarterly, averaging 29.519 % from Jun 1989 to Mar 2024, with 140 observations.
• The data reached an all-time high of 78.227 % in Jun 2021 and a record low of -5.467 % in Jun 2009.
• Iran Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Central Bank of the Islamic Republic of Iran provides Nominal GDP in local currency.

The gross domestic product growth in Iran for 2021 was forecasted at *** percent, compared to minus * percent in 2020 following the COVID-19 pandemic. The end of the nuclear deal had a direct impact of the economy in Iran. This was reflected in the declining growth of Iran's GDP.

Iran: Economic growth: the rate of change of real GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Iran from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Iran: Economic growth: the rate of change of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Iran from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Iran’s inflation rate rose sharply to 34.79 percent in 2019 and was projected to rise another 14 percentage points before slowly starting to decline. Given the recent sanctions by the United States regarding the nuclear deal, this number has both political and economic implications. Political implications President Hassan Rouhani won the 2017 election based on economic promises, many stemming from the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran Nuclear Deal. Lifting these sanctions opened the Iranian economy to many opportunities, including the chance to benefit from increased oil exports. The JCPOA was an integral part of the Rouhani campaign, so any economic hardship that is linked to the deal will likely be blamed on the president. Economic implications High inflation leads to high interest rates, which leads to less borrowing. Less borrowing means less investment, which slows economic growth. This slower growth often leads to higher inflation, which is what economists call an inflationary spiral. As such, Iran will have difficulty achieving substantial GDP growth until inflation returns to manageable rates.

Iran IR: GDP: Growth data was reported at 4.300 % in 2018. This records a decrease from the previous number of 13.396 % for 2017. Iran IR: GDP: Growth data is updated yearly, averaging 4.603 % from Mar 1962 (Median) to 2018, with 57 observations. The data reached an all-time high of 27.210 % in 1983 and a record low of -27.526 % in 1981. Iran IR: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The gross domestic product (GDP) per capita in Iran was estimated at about 4.63 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 2.19 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 702.41 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

This statistic illustrates the growth of gross domestic product (GDP) in Iran and Saudi Arabia in selected months from January 2015 to January 2018. As of January 2018, the GDP growth in Iran was *** percent compared to minus *** in Saudi Arabia.

Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of was 3.11456 % Chg. in January of 2025, according to the United States Federal Reserve. Historically, Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of reached a record high of 9.80358 in January of 2002 and a record low of -2.56472 in January of 2015. Trading Economics provides the current actual value, an historical data chart and related indicators for Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of - last updated from the United States Federal Reserve on July of 2025.

Iran IR: GDP: Growth: GNI data was reported at 13.433 % in 2017. This records an increase from the previous number of -1.375 % for 2016. Iran IR: GDP: Growth: GNI data is updated yearly, averaging 2.720 % from Mar 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 26.074 % in 1983 and a record low of -27.522 % in 1981. Iran IR: GDP: Growth: GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

GDP per capita growth (annual %) in Iran was reported at 3.7876 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Gross Domestic Product for Islamic Republic of Iran (MKTGDPIRA646NWDB) from 1960 to 2023 about Iran and GDP.