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.

Det Bruttonationalprodukt (BNP) i Iran steg med 3,40 procent i tredje kvartal af 2024 i forhold til samme kvartal året før. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Iran - BNP, Årlig Growth Rate.

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 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 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) 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.

The Gross Domestic Product per capita in Iran was last recorded at 15912.03 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Iran, when adjusted by Purchasing Power Parity is equivalent to 90 percent of the world's average. This dataset provides - Iran GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Remittance inflows to GDP (%) in Iran was reported at 0.5744 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Iran recorded a Government Budget deficit equal to 5.50 percent of the country's Gross Domestic Product in 2023. This dataset provides - Iran Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Total Revenue, Excluding Grants, for General Government for Iran, Islamic Republic of (IRNGGRXGGDPGDPPT) from 2000 to 2025 about grants, Iran, revenue, REO, and government.

Trade (% of GDP) in Iran was reported at 52.18 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

This statistic shows the unemployment rate of Iran from 1999 to 2023. In 2023, Iran's unemployment rate was estimated to amount to 9.04 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.

Graph and download economic data for Current Account Balance for Iran, Islamic Republic of (IRNBCAGDPGDPPT) from 2000 to 2025 about Iran, current account, BOP, and REO.

Iran Money Supply: M2: Quasi Money data was reported at 74,348,100.000 IRR bn in Feb 2025. This records an increase from the previous number of 73,430,600.000 IRR bn for Jan 2025. Iran Money Supply: M2: Quasi Money data is updated monthly, averaging 2,953,990.200 IRR bn from Dec 1999 (Median) to Feb 2025, with 303 observations. The data reached an all-time high of 74,348,100.000 IRR bn in Feb 2025 and a record low of 102,773.000 IRR bn in Feb 2000. Iran Money Supply: M2: Quasi Money 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.KA002: Money Supply.

The growth of the real gross domestic product (GDP) in Saudi Arabia was forecast to increase between 2024 and 2029 by in total two percentage points. This overall increase does not happen continuously, notably not in 2026, 2027 and 2028. The growth is estimated to amount to 3.5 percent in 2029. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Iran, Iraq, and United Arab Emirates.

Coal rents (% of GDP) in Iran was reported at 0.0094 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - Coal rents (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The growth of the real gross domestic product (GDP) in Israel was forecast to increase between 2024 and 2029 by in total 2.7 percentage points. This overall increase does not happen continuously, notably not in 2027. The growth is estimated to amount to 3.37 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Syria, Qatar, and Iran.