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.

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.

GDP, billion currency units in Iran, September, 2020 The most recent value is 11544345.96 billion Iranian Rial as of Q3 2020, an increase compared to the previous value of 8223545.04 billion Iranian Rial. Historically, the average for Iran from Q2 2001 to Q3 2020 is 2380497.74 billion Iranian Rial. The minimum of 146638 billion Iranian Rial was recorded in Q2 2001, while the maximum of 11544345.96 billion Iranian Rial was reached in Q3 2020. | TheGlobalEconomy.com

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.

This statistic described the direct tourism contribution of Tehran of the gross domestic product to Iran from 2006 to 2016 and a forecast for 2026. The forecast of the direct tourism contribution of Tehran to the GDP of Iran for 2026 was approximately 5.6 billion U.S. dollars.

1,752.86 (billion international dollars) in 2023. GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

This statistic shows gross domestic product (GDP) of the MENA countries in 2023. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, GDP of Algeria amounted to approximately 240.06 billion U.S. dollars.

Iran, République islamique d’: Gross Domestic Product, billions of U.S. dollars: Pour cet indicateur, La Banque mondiale fournit des données pour la Iran, République islamique d’ de 1960 à 2023. La valeur moyenne pour Iran, République islamique d’ pendant cette période était de 181.91 billion U.S. dollars avec un minimum de 4.2 billion U.S. dollars en 1960 et un maximum de 644.02 billion U.S. dollars en 2012.

This statistic shows Iran's export of goods from 2013 to 2023. In 2023, Iran exported goods approximately worth 97.36 billion U.S. dollars. Iran's export struggle The Iranian economy was not spared from the global economic crisis in 2009, but Iranian exports seemed to recover from the global economic recession in 2011 at first. However, export figures dropped thereafter because of sanctions imposed by the United States and the European Union (EU) due to supposed Iran nuclear activities. This new round of sanctions spurred negative growth in 2012 and 2013 and growth dropped during the same period by around 200 billion U.S. dollars. While Iran has one of the largest oil reserves globally, daily oil production has decreased significantly since the first sanctions from the United States were put in place back in 1978. Because of a history of sanctions from Europe and the United States, neither region is among Iran’s most important export partners. While Iran had been hoping to emerge from sanctions this year, hoping to overcome international isolation and recovering lost revenue, recent tensions between Saudi Arabia and Iran may cripple their progress. Saudi Arabia would prefer the sanctions against Iran remain, since relations between the two countries have gotten worse. Additionally, where Saudi Arabia is a stronger ally to the west concerning Syria, Iran leans the other way. This situation could leave Iran once again struggling to overcome its isolation from the west.

Government Spending in Iran increased to 1977377 IRR Billion in 2023 from 1694088 IRR Billion in 2022. This dataset provides - Iran Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The gross domestic product (GDP) in current prices in Lebanon decreased to 24.02 billion U.S. dollars compared to the previous year. Nevertheless, the last two years recorded a significantly higher GDP than the preceding years.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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Yemen, Iran, and Saudi Arabia.

The gross domestic product (GDP) in current prices in Syria increased by 6.1 billion U.S. dollars (+11.31 percent) in 2010. With 60.04 billion U.S. dollars, the GDP thereby reached its highest value in the observed period. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Iraq, Iran, and Saudi Arabia.

Pakistan’s gross domestic product (GDP) growth was 5.77 percent in 2021 after adjusting for inflation.

GDP in developing nations

Gross domestic product measures value of all final goods and services produced within a country’s borders during a certain period of time. In developing countries, GDP should rise more quickly due to “catch-up growth”. In many developing nations, employment is shifted from agriculture to the services sector; simply shifting workers from one sector to more productive sectors increases the income of both the workers and their employers, increasing GDP. This raises GDP per capita (383750), which gives a general idea of the level of development.

International setting

Due to historic tensions, Pakistan neither imports nor exports a significant amount from its neighbor India, favoring China instead. Its other neighbors, Afghanistan and Iran, are not as economically stable at the moment. Pakistan's own GDP is also not in the best shape and is expected to drop during 2019, however, Pakistan stands to benefit from China’s Belt and Road Initiative, which would revive the trading routes that made Pakistan wealthy in past centuries. If this comes to fruition, the GDP for Pakistan is sure to increase.

In 2023, the annual military spending in the Middle East and North Africa (MENA) region was the highest for Saudi Arabia at about 75.8 billion U.S. dollars. MENA military trends Saudi Arabia was ranked fifth among the top global military spenders in 2019. It is the largest military spender in the Middle East and North Africa (MENA) region. Saudi’s military spending reached its all-time high during 2015 when it was the third-largest military spender globally. Saudi Arabia was expected to increase its military spending following tension with Iran after an Iranian missile attacked Saudi’s oil industry in 2019, and with its military operations in Yemen. The MENA region had the highest average military spending as a share of gross domestic product (GDP) compared to other regions. Military spending as a share of GDP in Saudi Arabia in 2019 reached eight percent. The high military burden reflects instability and conflict in the region. MENA budget deficit The military expenditure of the MENA region on average is above their fiscal capabilities as the budgets allocated to operations leave less than the required amounts for the demands of the public. The average public debt as a share of GDP of the MENA region was about 40 percent in 2018. The governments of the region have been favoring using tactics such as having a strong army to delay the involvement of the democratic wave in the governing process, over the option of changing their social approach to accommodate the needs of the public. However, the majority of the public has high confidence in the military and government institutions in the region. The military forces of countries of the MENA region are known to have a strong involvement in the economic matters of the countries such as high levels of military spending post the Arab Spring to dampen any further social mobilization or uprisings. In 2020, Yemen had the highest risk of development deficit and deprivation among conflict countries in the region, followed by Syria.

This statistic shows the trade balance of goods of Saudi Arabia from 2013 to 2023. In 2023, Saudi Arabia's trade balance surplus amounted to approximately 113.08 billion years. Saudi Arabia's economic state Saudi Arabia’s positive trade balance dropped during the economic crisis, recovered thereafter, but has faltered somewhat in the past couple of years. This is likely due to a loss in export income associated with falling crude oil prices in the region. This has affected the economy and is expected to increase the country’s national debt. As a major oil producer and exporter, on the one hand Saudi Arabia needs to maintain international relations related to the export of its most precious resource, and on the other hand it needs to preserve stability in the region. For the most part, the country has been able to do so. Due to large oil reserves throughout the region, Saudi Arabia’s most important export partners include China, the United States, Japan, South Korea, India and Singapore. As one of the main oil producers worldwide and ranked among the countries with the largest GDP, Saudi Arabia remains one of the key players in the Muslim and Arab world. It is also home to the birthplace of the Muslim Prophet Mohammed, giving the country a special significance. However, as tension rise with Iran, an uneasy relationship based in religion, politics and history, preserving stability in the region and international relations may become a challenge.