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.

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.

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.

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: Economic growth: the rate of change of real GDP: The latest value from 2024 is 3.04 percent, a decline from 5.04 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Iran from 1961 to 2024 is 4.04 percent. The minimum value, -21.6 percent, was reached in 1980 while the maximum of 23.17 percent was recorded in 1982.

This statistic shows the share of economic sectors in Iran's gross domestic product (GDP) in 2023. All figures are estimates. In 2023, agriculture was estimated to contribute 12.8 percent to Iran's GDP.

Key information about Iran GDP Per Capita

• Iran Gross Domestic Product (GDP) per Capita reached 11,556.954 USD in Mar 2021, compared with 7,842.602 USD in Mar 2020.
• Iran GDP Per Capita data is updated yearly, available from Mar 1960 to Mar 2021, with an average number of 2,962.524 USD.
• The data reached an all-time high of 14,199.317 USD in Mar 1992 and a record low of 185.008 in Mar 1960.
• CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. The Central Bank of the Islamic Republic of Iran provides Nominal GDP in local currency. The Statistical Center of Iran provides Population. The Central Bank of the Islamic Republic of Iran average market exchange rate is used for currency conversions. GDP per Capita is in annual frequency, ending in March of each year.

Related information about Iran GDP Per Capita data

• In the latest reports, Iran GDP expanded 4.987 % YoY in Mar 2022.
• Iran Nominal GDP reached 429.427 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 51.545 % in Mar 2022.
• Gross Savings Rate of Iran was measured at 36.850 % in Mar 2022.

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.

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.

Key information about Iran Market Capitalization: % of GDP

• Iran Market Capitalization accounted for 61.6 % of its Nominal GDP in Dec 2022, compared with a percentage of 93.4 % in the previous year
• Iran Market Capitalization: % Nominal GDP is updated yearly, available from Dec 2005 to Dec 2022
• The data reached an all-time high of 153.5 % in Dec 2020 and a record low of 13.7 % in Dec 2008

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and quarterly Nominal GDP. Tehran Stock Exchange provides Market Capitalization in USD. The Central Bank of the Islamic Republic of Iran provides Nominal GDP in local currency. The Central Bank of the Islamic Republic of Iran average market exchange rate is used for currency conversions.


Further information about Iran Market Capitalization: % of GDP

• In the latest reports, TSE recorded a monthly P/E ratio of 7.9 in Sep 2023
• TEDPIX closed at 2,084,535.0 points in Sep 2023

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.

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.

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.

GDP from Agriculture in Iran decreased to 1534659.44 IRR Billion in the fourth quarter of 2024 from 2820021.70 IRR Billion in the third quarter of 2024. This dataset provides - Iran Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Iran was last recorded at 5778.66 US dollars in 2024. The GDP per Capita in Iran is equivalent to 46 percent of the world's average. This dataset provides - Iran GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Iran increased to 38.90 percent in April from 37.10 percent in March of 2025. This dataset provides the latest reported value for - Iran Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the unemployment rate of Iran from 1999 to 2024. In 2024, Iran's unemployment rate was estimated to amount to 9.19 percent of the total labor force. Employment and economy in Iran Iran’s unemployment rate has been above 10 percent for the last 10 years, and this rate is estimated to have peaked in 2014, when estimates reached 14 percent. Also, many of those who are considered employed in Iran are also considered underemployed. Unemployment in Iran is especially high among young people and women; over 70 percent of the population’s close to 80 million inhabitants are of working age, increasing the overall demand of these inhabitants for work. Iran’s economy has also been in a recession, which has exacerbated the difficulties to meet the employment demands of its inhabitants. Although the economy is expected to recover slightly in 2014, Iran's GDP is expected to decrease and the real GDP growth rate is either negative or quite low. In times of a struggling economy, it is typically more difficult to create jobs and introduce people to the labor force. Because Iran's economic activity still depends to a large extent on oil revenues, this also reduces the stability of the economy and employment. With a decreasing per capita GDP and a high inflation rate people are also more vulnerable to changes in income and employment, making the unemployment a pressing issue that the country will have to manage.

Iran IR: GDP data was reported at 14,827,384,492.000 IRR mn in 2018. This records an increase from the previous number of 13,151,260,000.000 IRR mn for 2017. Iran IR: GDP data is updated yearly, averaging 24,566,392.800 IRR mn from Mar 1961 (Median) to 2018, with 58 observations. The data reached an all-time high of 14,827,384,492.000 IRR mn in 2018 and a record low of 318,084.430 IRR mn in 1961. Iran IR: GDP 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: Nominal. 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Iran: Value added in the services sector as percent of GDP: The latest value from 2024 is 47.94 percent, a decline from 48.27 percent in 2023. In comparison, the world average is 55.77 percent, based on data from 151 countries. Historically, the average for Iran from 1960 to 2024 is 48.14 percent. The minimum value, 32.64 percent, was reached in 1974 while the maximum of 58.01 percent was recorded in 1988.

Youth Unemployment Rate in Iran increased to 20.20 percent in the fourth quarter of 2024 from 19.40 percent in the third quarter of 2024. This dataset provides - Iran Youth Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.