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.

Historical chart and dataset showing Iran economic growth by year from 1960 to 2023.

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’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.

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.

Graph and download economic data for Gross Domestic Product for Islamic Republic of Iran (MKTGDPIRA646NWDB) from 1960 to 2023 about Iran and GDP.

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.

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.

The gross domestic product (GDP) per capita in Iran was estimated at about 4.63 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 2.19 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 702.41 U.S. dollars, showing an overall upward trend with periodic ups and downs.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 rates and then divided by the total population. The gross domestic product 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).

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 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.

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, PPP (current international $) in Iran was reported at 17660 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

Historical chart and dataset showing Iran GDP per capita by year from 1960 to 2023.

Iran GDP: Basic Prices: Non Oil data was reported at 12,803,287.100 IRR bn in 2018. This records an increase from the previous number of 11,158,723.000 IRR bn for 2017. Iran GDP: Basic Prices: Non Oil data is updated yearly, averaging 20,405.023 IRR bn from Mar 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 12,803,287.100 IRR bn in 2018 and a record low of 241.028 IRR bn in 1960. Iran GDP: Basic Prices: Non Oil 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.A012: GDP: Basic Price: by Industry: Current Price: Annual.

GDP per capita (current US$) in Iran was reported at 4466 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Iran - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

Iran: Imports of goods and services as percent of GDP: The latest value from 2023 is 26.91 percent, an increase from 24.78 percent in 2022. In comparison, the world average is 49.03 percent, based on data from 138 countries. Historically, the average for Iran from 1960 to 2023 is 20.79 percent. The minimum value, 8.73 percent, was reached in 1987 while the maximum of 35.38 percent was recorded in 1975.