The gross domestic product (GDP) in current prices in Iran was forecast to continuously increase between 2024 and 2029 by in total 165.7 billion U.S. dollars (+38.16 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 599.9 billion U.S. dollars and therefore a new peak in 2029. The gross domestic product at current prices is defined 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Jordan, Qatar, and Iraq.

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.

GDP (current US$) in Iran was reported at 404625655205 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The gross domestic product (GDP) per capita in Iran stands at approximately 3.90 thousand U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 1.46 thousand U.S. dollars can be observed. This increase however did not happen continuously.Continuous rise between 2025 and 2030In 2030 the GDP per capita will stand at about 5.34 thousand U.S. dollars, according to forecasts. From 2025 onwards, there is an overall increase by approximately 1.44 thousand U.S. dollars. This growth reflects a steady upward trend.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 prices and then divided by the total population. The gross domestic products 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).

Iran Gross Domestic Product (GDP): Basic Price data was reported at 34,946,934.369 IRR bn in Mar 2024. This records a decrease from the previous number of 36,411,285.937 IRR bn for Dec 2023. Iran Gross Domestic Product (GDP): Basic Price data is updated quarterly, averaging 512,805.356 IRR bn from Jun 1988 (Median) to Mar 2024, with 144 observations. The data reached an all-time high of 38,254,257.754 IRR bn in Sep 2023 and a record low of 4,322.320 IRR bn in Jun 1988. Iran Gross Domestic Product (GDP): Basic Price data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.A021: SNA 1993: GDP: Basic Price: by Industry: Current Price.

GDP, PPP (current international $) in Iran was reported at 1600138342500 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

GDP Constant Prices in Iran decreased to 24685305.77 IRR Billion in the fourth quarter of 2024 from 26303932.67 IRR Billion in the third quarter of 2024. This dataset provides - Iran Gdp Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 Gross Domestic Product (GDP): Market Prices data was reported at 36,279,791.784 IRR bn in Mar 2024. This records a decrease from the previous number of 37,325,138.899 IRR bn for Dec 2023. Iran Gross Domestic Product (GDP): Market Prices data is updated quarterly, averaging 505,754.522 IRR bn from Jun 1988 (Median) to Mar 2024, with 144 observations. The data reached an all-time high of 39,070,040.457 IRR bn in Sep 2023 and a record low of 4,447.045 IRR bn in Jun 1988. Iran Gross Domestic Product (GDP): Market Prices data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.A005: SNA 1993: GDP: Market Price: by Expenditure: Current Price.

GDP from Services in Iran increased to 9684635.71 IRR Billion in the fourth quarter of 2024 from 9679399.53 IRR Billion in the third quarter of 2024. This dataset provides - Iran Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to this statistic, the ratio of national debt to gross domestic product (GDP) of Iran amounts to approximately 39.93 percent in 2025.Fluctuating rise between 1996 and 2025Between 1996 and 2025 a total increase by approximately 4.12 percentage points can be observed. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030In 2030 the ratio will stand at roughly 45.26 percent, according to forecasts. This indicates an overall increase by approximately 5.33 percentage points since 2025. This growth reflects a steady upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Inflation, GDP deflator (annual %) in Iran was reported at 30.49 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Iran IR: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 18,360,183,000.000 IRR mn in 2024. This records an increase from the previous number of 13,320,612,705.943 IRR mn for 2023. Iran IR: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 7,562,150.266 IRR mn from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 18,360,183,000.000 IRR mn in 2024 and a record low of 82,385.781 IRR mn in 1961. Iran IR: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing 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: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

The budget balance in relation to the GDP in Iran stands at approximately -5.47 percent in 2025.Fluctuating decline between 1990 and 2025A comparison to the earliest shown observation from 1990 reveals a total decrease by approximately 3.36 percentage points. The trajectory from 1990 to 2025 shows however that this decrease did not happen continuously.Continuous rise between 2025 and 2030In 2030 the budget balance will amount to around -3.67 percent, according to forecasts. There is an overall increase by approximately 1.80 percentage points since 2025. This growth reflects a steady upward trend.The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

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 GDP: 2020-21p: Agricultutre & Fishing: Agricultutre data was reported at 2,820,022.859 IRR bn in Sep 2024. This records an increase from the previous number of 1,035,178.512 IRR bn for Jun 2024. Iran GDP: 2020-21p: Agricultutre & Fishing: Agricultutre data is updated quarterly, averaging 1,322,666.085 IRR bn from Jun 2011 (Median) to Sep 2024, with 54 observations. The data reached an all-time high of 3,273,093.945 IRR bn in Sep 2020 and a record low of 453,099.208 IRR bn in Mar 2012. Iran GDP: 2020-21p: Agricultutre & Fishing: Agricultutre data remains active status in CEIC and is reported by Statistical Center of Iran. The data is categorized under Global Database’s Iran – Table IR.A019: SNA 2008: GDP: Basic Price: by Industry: 2020-21 Price.

GDP from Mining in Iran decreased to 6267007.59 IRR Billion in the fourth quarter of 2024 from 6646023.34 IRR Billion in the third quarter of 2024. This dataset provides - Iran Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iran GDP: Services: Social Services data was reported at 499,136.335 IRR bn in Dec 2024. This records a decrease from the previous number of 582,650.591 IRR bn for Sep 2024. Iran GDP: Services: Social Services data is updated quarterly, averaging 30,094.753 IRR bn from Jun 2006 (Median) to Dec 2024, with 75 observations. The data reached an all-time high of 582,650.591 IRR bn in Sep 2024 and a record low of 5,168.948 IRR bn in Dec 2006. Iran GDP: Services: Social Services data remains active status in CEIC and is reported by Statistical Center of Iran. The data is categorized under Global Database’s Iran – Table IR.A017: SNA 2008: GDP: Basic Price: by Industry: Current Price.

Iran GDP: 2020-21p: Services: Wholesale & Retail, Hotel & Restaurant data was reported at 2,774,190.245 IRR bn in Dec 2024. This records a decrease from the previous number of 2,995,973.976 IRR bn for Sep 2024. Iran GDP: 2020-21p: Services: Wholesale & Retail, Hotel & Restaurant data is updated quarterly, averaging 3,030,068.897 IRR bn from Jun 2006 (Median) to Dec 2024, with 75 observations. The data reached an all-time high of 5,759,610.649 IRR bn in Jun 2010 and a record low of 2,095,068.392 IRR bn in Mar 2011. Iran GDP: 2020-21p: Services: Wholesale & Retail, Hotel & Restaurant data remains active status in CEIC and is reported by Statistical Center of Iran. The data is categorized under Global Database’s Iran – Table IR.A019: SNA 2008: GDP: Basic Price: by Industry: 2020-21 Price.

GDP per capita (constant 2015 US$) in Iran was reported at 5668 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.