The Gross Domestic Product (GDP) in Iran expanded 3.40 percent in the third 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.

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.

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

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.

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.

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.

Iran IR: GDP: Growth: GNI per Capita data was reported at 12.137 % in 2017. This records an increase from the previous number of -2.555 % for 2016. Iran IR: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.115 % from Mar 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 21.060 % in 1983 and a record low of -30.176 % in 1981. Iran IR: GDP: Growth: GNI per 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 GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. 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;

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

• Iran gdp growth rate for 2022 was 3.78%, a 0.94% decline from 2021.
• Iran gdp growth rate for 2021 was 4.72%, a 1.39% increase from 2020.
• Iran gdp growth rate for 2020 was 3.33%, a 6.4% increase from 2019.

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.

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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

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: Final Consumption Expenditure: Household: Include Discrepancy data was reported at -1.599 % in 2017. This records an increase from the previous number of -3.805 % for 2016. Iran IR: GDP: Growth: Final Consumption Expenditure: Household: Include Discrepancy data is updated yearly, averaging 3.566 % from Mar 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 82.381 % in 1980 and a record low of -53.122 % in 1977. Iran IR: GDP: Growth: Final Consumption Expenditure: Household: Include Discrepancy 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 of household final consumption expenditure is based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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 one percent compared to minus 1.2 in Saudi Arabia.

Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of was 2.00011 % Chg. in January of 2022, 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 12.24640 in January of 2002 and a record low of -2.82962 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 March of 2025.

The gross domestic product (GDP) per capita in Iran was forecast to continuously increase between 2024 and 2029 by in total 1,573.1 U.S. dollars (+31.38 percent). According to this forecast, in 2029, the GDP per capita will have increased for the sixth consecutive year to 6,585.94 U.S. dollars. 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).Find more key insights for the gross domestic product (GDP) per capita in countries like Syria, Lebanon, and Yemen.

5.0 (%) in 2023. Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

Iran IR: GDP: Growth: Gross Value Added: Services data was reported at 3.681 % in 2017. This records an increase from the previous number of -2.526 % for 2016. Iran IR: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 4.451 % from Mar 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 34.848 % in 1975 and a record low of -13.774 % in 1987. Iran IR: GDP: Growth: Gross Value Added: Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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.