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 GDP for 2023 was 401.50 billion US dollars, a 2.88% decline from 2022.

<ul style='margin-top:20px;'>

<li>Iran GDP for 2022 was <strong>413.39 billion US dollars</strong>, a <strong>15.12% increase</strong> from 2021.</li>
<li>Iran GDP for 2021 was <strong>359.10 billion US dollars</strong>, a <strong>49.79% increase</strong> from 2020.</li>
<li>Iran GDP for 2020 was <strong>239.74 billion US dollars</strong>, a <strong>15.48% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Iran gdp growth rate for 2023 was 4.95%, a 1.18% increase from 2022.

<ul style='margin-top:20px;'>

<li>Iran gdp growth rate for 2022 was <strong>3.78%</strong>, a <strong>0.94% decline</strong> from 2021.</li>
<li>Iran gdp growth rate for 2021 was <strong>4.72%</strong>, a <strong>1.39% increase</strong> from 2020.</li>
<li>Iran gdp growth rate for 2020 was <strong>3.33%</strong>, a <strong>6.4% increase</strong> from 2019.</li>
</ul>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.

The Gross Domestic Product (GDP) in Iran was worth 404.63 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Iran represents 0.38 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

As shown in this statistic, the gross domestic product (GDP) in current prices in Iran stands at approximately 341.01 billion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total increase by approximately 245.16 billion U.S. dollars. Looking at the trajectory between 1980 and 2025, one can observe that this increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP will be around 490.92 billion U.S. dollars in 2030, according to forecasts. There is an overall increase by approximately 149.91 billion U.S. dollars since 2025. This growth reflects a steady upward trend.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 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.

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.

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 3.1 percent, compared to minus 6 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.

The Gross Domestic Product per capita in Iran was last recorded at 5667.53 US dollars in 2023. The GDP per Capita in Iran is equivalent to 45 percent of the world's average. This dataset provides - Iran GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product Per Capita for Islamic Republic of Iran (PCAGDPIRA646NWDB) from 1960 to 2023 about Iran, per capita, and GDP.

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;

Iran IR: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 3.162 % in 2018. This records a decrease from the previous number of 12.101 % for 2017. Iran IR: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 3.169 % from Mar 1962 (Median) to 2018, with 57 observations. The data reached an all-time high of 22.151 % in 1983 and a record low of -30.180 % in 1981. Iran IR: GDP: Growth:(GDP) Gross Domestic Productper Capita 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 per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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 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).

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.

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 May of 2025.

Key information about Iran GDP Deflator Growth

• Iran GDP deflator (implicit price deflator) increased 51.5 % in Mar 2022, compared with an increase of 50.1 % in the previous quarter.
• Iran GDP Deflator Growth data is updated quarterly, available from Jun 1989 to Mar 2022, with an average rate of 21.7 %.
• The data reached an all-time high of 71.6 % in Jun 2019 and a record low of -16.4 % in Mar 2009.

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


Related information about Iran GDP Deflator Growth

• In the latest reports, Iran GDP expanded 5.0 % YoY in Mar 2022.
• Its Nominal GDP reached 429.4 USD bn in Mar 2022.
• Iran GDP Per Capita reached 11,557.0 USD in Mar 2021.
• Its Gross Savings Rate was measured at 36.8 % in Mar 2022.

Iran economic growth for 2023 was 404.63 billion US dollars, a 2.6% increase from 2022.

<ul style='margin-top:20px;'>

<li>Iran economic growth for 2022 was <strong>394.36 billion US dollars</strong>, a <strong>2.85% increase</strong> from 2021.</li>
<li>Iran economic growth for 2021 was <strong>383.44 billion US dollars</strong>, a <strong>46.25% increase</strong> from 2020.</li>
<li>Iran economic growth for 2020 was <strong>262.19 billion US dollars</strong>, a <strong>21.39% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.