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.

Key information about Iran Real GDP Growth

• The Gross Domestic Product (GDP) in Iran contracted 0.4 % YoY in Jun 2025, following a growth of 2.5 % in the previous quarter.
• Real GDP Growth YoY data in Iran is updated quarterly, available from Jun 1989 to Jun 2025, with an average rate of 8.8 %.
• The data reached an all-time high of 34.1 % in Mar 2012 and a record low of -31.0 % in Jun 2011.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Statistical Center of Iran provides Real GDP in local currency, at 2020-2021 prices. Real GDP Growth prior to Q2 2007 is calculated from Real GDP at 2011-2012 prices sourced from the Central Bank of the Islamic Republic of Iran. Real GDP Growth prior to Q2 2005 is calculated from Real GDP at 1997-1998 prices sourced from the Central Bank of the Islamic Republic of Iran.


Related information about Iran Real GDP Growth

• In the latest reports, Nominal GDP of Iran reached 119.7 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 39.2 % in Jun 2025.
• GDP Per Capita in Iran reached 49,404.3 USD in Mar 2024.
• Its Gross Savings Rate was measured at 35.1 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 30.7 % in Jun 2025.
• Public Consumption accounted for 9.7 % in Jun 2025.
• Private Consumption accounted for 55.2 % in Jun 2025.

Iran is a country locating in Middle east. Iran is located in a strategic region at the crossroads of Europe, Asia, and Africa. This has made it a major center of trade and commerce for centuries. Iran is also a member of the United Nations, the Non-Aligned Movement, and the Organization of Islamic Cooperation.

Despite its rich history, large population, and abundant economic potential, Iran is a lower-middle-income country (according to the World Bank). It has large reserves of raw materials, including oil, gas, and minerals, but unfortunately, it does not fully utilize these resources.

This dataset is all the data about Iran in the world bank website. Here is a summary:

Economic data(2022/23) - GDP (current US$): 463billion - GDPpercapita(currentUS): $5,211 - Inflation, GDP deflator (annual %): 31.5% - Oil rents (% of GDP): 25.6% - Gini index: 38.8 (2019)

Social data - Population, total: 88.5 million (2022) - Population growth (annual %): 1.1% (2022) - Net migration: 28,080 (2021) - Life expectancy at birth, total (years): 77 (2021) - Human Capital Index (HCI) (scale 0-1): 0.63 (2020)

Environmental data - CO2 emissions (metric tons per capita): 7.2 (2021) - Renewable energy consumption (% of total final energy consumption): 3.6% (2021) - Forest area (% of land area): 7.8% (2020)

You can access the data in this link. There is also lots of plots and other fun tools which you should try.

[World Bank notes] The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In Iran, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. An alternative estimate (“alternative conversion factor” - PA.NUS.ATLS) is thus calculated as a weighted average of the different exchange rates in use in Iran. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. For Iran, this applies to 1972-2022. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.

It is noted that the reporting period for national accounts data is designated as either calendar year basis (CY) or fiscal year basis (FY). For Iran, it is fiscal year based (fiscal year-end: March 20).

Investment, billion currency units in Iran, September, 2020 The most recent value is 3094524.51 billion Iranian Rial as of Q3 2020, an increase compared to the previous value of 2318806.05 billion Iranian Rial. Historically, the average for Iran from Q2 2006 to Q3 2020 is 697277.23 billion Iranian Rial. The minimum of 124155.29 billion Iranian Rial was recorded in Q2 2006, while the maximum of 3094524.51 billion Iranian Rial was reached in Q3 2020. | TheGlobalEconomy.com

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: 2020-21p: Final Consumption Expenditure: Government data was reported at 10,269,403.904 IRR bn in Dec 2024. This records a decrease from the previous number of 10,275,186.426 IRR bn for Sep 2024. Iran GDP: 2020-21p: Final Consumption Expenditure: Government data is updated quarterly, averaging 8,804,676.429 IRR bn from Jun 2006 (Median) to Dec 2024, with 75 observations. The data reached an all-time high of 11,316,576.176 IRR bn in Mar 2022 and a record low of 6,758,882.115 IRR bn in Jun 2006. Iran GDP: 2020-21p: Final Consumption Expenditure: Government 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.A003: SNA 2008: GDP: Market Price: by Expenditure: 2020-21 Price.

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 Gross Domestic Product (GDP): 2020-21p: at Market Prices data was reported at 23,517,703.816 IRR bn in Dec 2024. This records a decrease from the previous number of 25,209,400.329 IRR bn for Sep 2024. Iran Gross Domestic Product (GDP): 2020-21p: at Market Prices data is updated quarterly, averaging 20,889,886.789 IRR bn from Jun 2006 (Median) to Dec 2024, with 75 observations. The data reached an all-time high of 27,826,309.104 IRR bn in Jun 2010 and a record low of 15,838,245.959 IRR bn in Mar 2011. Iran Gross Domestic Product (GDP): 2020-21p: at Market Prices 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.A003: SNA 2008: GDP: Market Price: by Expenditure: 2020-21 Price.

Key information about Iran GDP Deflator Growth

• Iran GDP deflator (implicit price deflator) increased 39.2 % in Jun 2025, compared with an increase of 42.9 % in the previous quarter.
• Iran GDP Deflator Growth data is updated quarterly, available from Jun 1989 to Jun 2025, with an average rate of 32.8 %.
• The data reached an all-time high of 118.7 % in Jun 2011 and a record low of -19.5 % in Jun 2010.

CEIC calculates quarterly GDP Deflator Growth from quarterly Nominal and Real GDP. The Statistical Center of Iran provides Nominal GDP in local currency and Real GDP in local currency, at 2020-2021 prices, both based on SNA 2008. GDP Deflator Growth prior to Q2 2007 is calculated from Nominal GDP based on SNA 1993 and Real GDP at 2011-2012 prices, both sourced from the Central Bank of the Islamic Republic of Iran. GDP Deflator Growth prior to Q2 2005 is calculated from Real GDP at 1997-1998 prices sourced from the Central Bank of the Islamic Republic of Iran.


Related information about Iran GDP Deflator Growth

• In the latest reports, Iran GDP contracted 0.4 % YoY in Jun 2025.
• Its Nominal GDP reached 119.7 USD bn in Jun 2025.
• Iran GDP Per Capita reached 49,404.3 USD in Mar 2024.
• Its Gross Savings Rate was measured at 35.1 % in Jun 2025.

Inflation Rate in Iran increased to 45.30 percent in September from 42.40 percent in August 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.

Consumption growth in Iran, September, 2020 The most recent value is 24.57 percent as of Q3 2020, an increase compared to the previous value of 18.57 percent. Historically, the average for Iran from Q2 2002 to Q3 2020 is 23.42 percent. The minimum of 4.95 percent was recorded in Q3 2015, while the maximum of 60.33 percent was reached in Q1 2007. | TheGlobalEconomy.com

GDP of Iran leapt by 7.98% from 404,625,655,076 US dollars in 2023 to 436,906,331,672 US dollars in 2024. Since the 21.39% drop in 2020, GDP rocketed by 66.64% in 2024. 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: 2020-21p: Industry data was reported at 53,190,468.103 IRR bn in 2024. This records an increase from the previous number of 50,087,530.853 IRR bn for 2023. Iran GDP: 2020-21p: Industry data is updated yearly, averaging 49,523,670.172 IRR bn from Mar 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 55,006,315.227 IRR bn in 2018 and a record low of 41,383,230.101 IRR bn in 2014. Iran GDP: 2020-21p: Industry 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.A020: SNA 2008: GDP: Basic Price: by Industry: 2020-21 Price: Annual.

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: Financial development: The latest value from 2021 is 0.522 index points, an increase from 0.516 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Iran from 1980 to 2021 is 0.306 index points. The minimum value, 0.224 index points, was reached in 1995 while the maximum of 0.522 index points was recorded in 2021.

The COVID-19 pandemic in Iran has resulted in 7,625,463 confirmed cases of COVID-19 and 146,757deaths.

On 19 February 2020, Iran reported its first confirmed cases of infections in Qom. The virus may have been brought to the country by a merchant from Qom who had travelled to China. In response, the Government of Iran cancelled public events and Friday prayers; closed schools, universities, shopping centres, bazaars, and holy shrines; and banned festival celebrations.Economic measures were also announced to help families and businesses, and the pandemic is credited with compelling the government to make an unprecedented request for an emergency loan of five billion US dollars from the International Monetary Fund.The government initially rejected plans to quarantine entire cities and areas, and heavy traffic between cities continued ahead of Nowruz, despite the government's intention to limit travel. The government later announced a ban on travel between cities following an increase in the number of new cases. Government restrictions were gradually eased starting in April. The number of new cases fell to a low on 2 May, but increased again in May as restrictions were eased, with a new peak of cases reported on 4 June, and new peaks in the number of deaths reported in July. Despite the increase, the Iranian government stated that it had no option but to keep the economy open; the economy of Iran was already affected by US sanctions, and its GDP fell by a further 15% due to the COVID-19 pandemic by June 2020

Iran: Financial institutions development: The latest value from 2021 is 0.6 index points, unchanged from 0.6 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Iran from 1980 to 2021 is 0.422 index points. The minimum value, 0.334 index points, was reached in 1995 while the maximum of 0.6 index points was recorded in 2020.

Iran: Population density, people per square km: The latest value from 2021 is 54 people per square km, unchanged from 54 people per square km in 2020. In comparison, the world average is 456 people per square km, based on data from 196 countries. Historically, the average for Iran from 1961 to 2021 is 33 people per square km. The minimum value, 13 people per square km, was reached in 1961 while the maximum of 54 people per square km was recorded in 2020.

Iran: Financial markets development, efficiency: The latest value from 2021 is 0.469 index points, unchanged from 0.469 index points in 2020. In comparison, the world average is 0.325 index points, based on data from 93 countries. Historically, the average for Iran from 1980 to 2021 is 0.217 index points. The minimum value, 0.072 index points, was reached in 1998 while the maximum of 0.469 index points was recorded in 2020.