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’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.

Oil Exports in Iran increased to 55410 USD Million in 2022 from 38723 USD Million in 2021. This dataset provides - Iran Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Iran decreased to 13498 USD Million in the second quarter of 2024 from 13646 USD Million in the first quarter of 2024. This dataset provides - Iran Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Iran Investment: % of GDP

• Iran Investment accounted for 32.9 % of its Nominal GDP in Mar 2022, compared with a ratio of 24.6 % in the previous quarter.
• Iran investment share of Nominal GDP data is updated quarterly, available from Jun 1988 to Mar 2022, with an average ratio of 25.1 %.
• The data reached an all-time high of 37.9 % in Jun 1991 and a record low of 14.2 % in Jun 2018.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The Central Bank of the Islamic Republic of Iran provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency. Since Q2 2011, Investment excludes Changes in Inventories.


Related information about Iran Investment: % of GDP

• In the latest reports, Iran GDP expanded 5.0 % YoY in Mar 2022.
• Iran Nominal GDP reached 429.4 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 51.5 % in Mar 2022.
• Iran GDP Per Capita reached 11,557.0 USD in Mar 2021.
• Its Gross Savings Rate was measured at 36.8 % in Mar 2022.

This statistic shows the value of exported commodities from Iran in 2022. In 2022, agricultural products worth 5.05 billion U.S. dollars were exported from Iran.

Unemployment Rate in Iran decreased to 7.20 percent in the fourth quarter of 2024 from 7.50 percent in the third quarter of 2024. This dataset provides - Iran Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iran Exports: AT: Saffron data was reported at 286.000 USD mn in 2017. This records an increase from the previous number of 176.000 USD mn for 2016. Iran Exports: AT: Saffron data is updated yearly, averaging 135.600 USD mn from Mar 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 419.000 USD mn in 2013 and a record low of 50.500 USD mn in 2008. Iran Exports: AT: Saffron data remains active status in CEIC and is reported by Islamic Republic of Iran Customs Administration. The data is categorized under Global Database’s Iran – Table IR.JA001: Exports: by Commodity: Value.

This statistic shows the value of imported commodities to Iran in 2022. In 2022, agricultural products worth 18.95 billion U.S. dollars were imported to Iran.

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.

This chart provides a detailed overview of the number of Iran (Islamic Republic of) online retailers by Number of Employee. Most Iran (Islamic Republic of) stores' Number of Employee are Less than 10, there are 16.35K stores, which is 95.43% of total. In second place, 263 stores' Number of Employee are 10 to 20, which is 1.54% of total. Meanwhile, 198 stores' Number of Employee are 20 to 50, which is 1.16% of total. This breakdown reveals insights into Iran (Islamic Republic of) stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

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.

Graph and download economic data for Number of Identified Exporters to Islamic Republic of Iran from Illinois (ILIRNA475SCEN) from 1992 to 2016 about Iran, IL, exports, and business.

Imports in Iran decreased to 14326 USD Million in the second quarter of 2024 from 18525 USD Million in the first quarter of 2024. This dataset provides - Iran Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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 recorded a trade deficit of 828 USD Million in the second quarter of 2024. This dataset provides - Iran Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 chart provides a detailed overview of the number of Iran (Islamic Republic of) online retailers by Monthly Sales. Most Iran (Islamic Republic of) stores' Monthly Sales are Less than $100.00, there are 23.02K stores, which is 99.47% of total. In second place, 56 stores' Monthly Sales are $100.00K to $1.00M, which is 0.24% of total. Meanwhile, 45 stores' Monthly Sales are $10.00M to $100.00M, which is 0.19% of total. This breakdown reveals insights into Iran (Islamic Republic of) stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

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.