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.

Iran GDP for 2023 was 401.50 billion US dollars, a 2.88% decline from 2022.

<ul style='margin-top:20px;'>

<li>Iran GDP for 2022 was <strong>413.39 billion US dollars</strong>, a <strong>15.12% increase</strong> from 2021.</li>
<li>Iran GDP for 2021 was <strong>359.10 billion US dollars</strong>, a <strong>49.79% increase</strong> from 2020.</li>
<li>Iran GDP for 2020 was <strong>239.74 billion US dollars</strong>, a <strong>15.48% decline</strong> from 2019.</li>
</ul>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.

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.

As shown in this statistic, the gross domestic product (GDP) in current prices in Iran stands at approximately 341.01 billion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total increase by approximately 245.16 billion U.S. dollars. Looking at the trajectory between 1980 and 2025, one can observe that this increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP will be around 490.92 billion U.S. dollars in 2030, according to forecasts. There is an overall increase by approximately 149.91 billion U.S. dollars since 2025. This growth reflects a steady upward trend.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.

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.

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.

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.

Iran IR: GDP: % of GDP: Gross Value Added: Industry data was reported at 21.216 % in 2018. This records a decrease from the previous number of 33.860 % for 2017. Iran IR: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 39.532 % from Mar 1961 (Median) to 2018, with 58 observations. The data reached an all-time high of 62.323 % in 1975 and a record low of 21.216 % in 2018. Iran IR: GDP: % of GDP: 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: Share of GDP. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

Iran IR: GDP: Gross Value Added at Factor Cost: Industry data was reported at 3,145,775,374.000 IRR mn in 2018. This records a decrease from the previous number of 4,453,032,000.000 IRR mn for 2017. Iran IR: GDP: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 6,276,403.902 IRR mn from Mar 1961 (Median) to 2018, with 58 observations. The data reached an all-time high of 4,563,545,938.012 IRR mn in 2015 and a record low of 81,899.028 IRR mn in 1961. Iran IR: GDP: Gross Value Added at Factor Cost: 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: Gross Domestic Product: Nominal. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; 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.

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.

According to this statistic, the ratio of national debt to gross domestic product (GDP) of Iran amounts to approximately 39.93 percent in 2025.Fluctuating rise between 1996 and 2025Between 1996 and 2025 a total increase by approximately 4.12 percentage points can be observed. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030In 2030 the ratio will stand at roughly 45.26 percent, according to forecasts. This indicates an overall increase by approximately 5.33 percentage points since 2025. This growth reflects a steady upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Iran IR: GDP: USD: Gross Value Added at Factor Cost: Industry data was reported at 93.247 USD bn in 2018. This records a decrease from the previous number of 141.866 USD bn for 2017. Iran IR: GDP: USD: Gross Value Added at Factor Cost: Industry data is updated yearly, averaging 41.148 USD bn from Mar 1961 (Median) to 2018, with 56 observations. The data reached an all-time high of 279.625 USD bn in 2012 and a record low of 1.081 USD bn in 1961. Iran IR: GDP: USD: Gross Value Added at Factor Cost: 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: Gross Domestic Product: Nominal. 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. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

This statistic describes the total economic contribution of tourism and travel to Iran from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the total economic contribution of tourism and travel to the to the GDP of Iran in 2028 will be around 3.13 quadrillion Iranian Rial.

Iran is about 10 percent of Gross Domestic Product (GDP) off an economic equilibrium that will reduce unemployment and improve significantly people's welfare by converting oil wealth into sustainable development. 1) It is about 10 percent of GDP short in the additional savings and investment needed to attain growth that will reduce unemployment. 2) Optimal management of Iran's oil to provide the above needed savings and achieve an optimal balance between consumption and savings that will sustain the benefits from oil after it is exhausted, requires that it allocate about 10 percent of GDP more for savings and investment and less to consumption from its oil wealth. 3) That 10 percent adjustment can come from the reform of Iran's inefficient energy subsidy system, which also happens to average about 10 percent of the GDP a year. These expenditures can be transformed into budget surpluses that will provide ample credit to the private sector to grow. This adjustment -at the core of Iran's medium and long term fiscal strategy- is a main pillar of Iran's transition to a market economy led by the private sector. Hence, the critical importance of alternative management strategy of oil wealth in providing the needed additional savings to enable private sector financing and promote the transition to a private sector led economy.