Iran's GDP changed from approximately $95B 846M in 1980 to $464B 181M in 2024, showing an overall 384.3% sharply increased during the period.
The lowest GDP was recorded in 1992 at $50B 472M, and the highest in 2011 at $625B 430M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.7%.
For comparison, the average annual growth rate of Saudi Arabia was 4.4%, and that of Turkey was 5.7%.
Iran GDP from 1980 to 2024
The total market value of goods and services produced annually in Iran.
Overview of Iran's GDP (1980–2024)
The Gross Domestic Product (GDP) of Iran recorded a 384.3% sharply increased from 1980 to 2024.
The average GDP during this period was $289B 7M, and the median was $277B 19M.
GDP fluctuated within a range of $574B 958M, with a standard deviation of $146B 660M.
The average annual change was $6B 214M.
Highest and Lowest GDP Records
- Lowest GDP: 1992, $50B 472M
- Highest GDP: 2011, $625B 430M
- Most Recent GDP: 2024, $464B 181M
Notable Annual GDP Changes
- 1990: Significant increase in GDP
- 1991: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Iran's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $241B 658M → $195B 528M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $360B 928M → $440B 408M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $366B 917M → $330B 978M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $184B 138M → $205B
- Outcome: sharply increased
Key Economic Indicators of Iran (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -21.6 % | $ 95B 846M | $ 225B 961M | $ 2,439.40 | $ 5,750.95 | 50.48 % | 39M 291K people | -3.709 % | 0 % |
1981 | -5.697 % | $ 101B 481M | $ 233B 249M | $ 2,485.68 | $ 5,713.24 | 41.86 % | 40M 826K people | -4.264 % | 0 % |
1982 | 23.171 % | $ 125B 800M | $ 305B 48M | $ 2,965.58 | $ 7,191.15 | 25.89 % | 42M 420K people | 3.906 % | 0 % |
1983 | 11.087 % | $ 156B 927M | $ 352B 138M | $ 3,560.28 | $ 7,989.15 | 35.83 % | 44M 77K people | -0.28 % | 0 % |
1984 | -7.14 % | $ 161B 721M | $ 338B 798M | $ 3,531.17 | $ 7,397.66 | 31.84 % | 45M 798K people | -0.592 % | 0 % |
1985 | 1.868 % | $ 180B 541M | $ 356B 39M | $ 3,793.91 | $ 7,481.86 | 22.28 % | 47M 587K people | -0.519 % | 0 % |
1986 | -9.785 % | $ 208B 928M | $ 327B 668M | $ 4,225.46 | $ 6,626.92 | 20.28 % | 49M 445K people | -2.713 % | 0 % |
1987 | -0.172 % | $ 277B 19M | $ 335B 210M | $ 5,467.98 | $ 6,616.59 | 18.61 % | 50M 662K people | -0.974 % | 0 % |
1988 | -6.082 % | $ 311B 932M | $ 325B 925M | $ 6,009.20 | $ 6,278.77 | 15.26 % | 51M 909K people | -0.68 % | 0 % |
1989 | 6.132 % | $ 379B 427M | $ 359B 475M | $ 7,133.82 | $ 6,758.71 | 22.85 % | 53M 187K people | -0.783 % | 0 % |
1990 | 13.595 % | $ 581B 8M | $ 423B 628M | $ 10,661.48 | $ 7,773.56 | 34.70 % | 54M 496K people | -0.465 % | 0 % |
1991 | 12.716 % | $ 304B 65M | $ 493B 648M | $ 5,445.57 | $ 8,840.87 | 44.11 % | 55M 837K people | -3.683 % | 0 % |
1992 | 3.298 % | $ 50B 472M | $ 521B 549M | $ 890.84 | $ 9,205.55 | 44.41 % | 56M 656K people | -14.464 % | 0 % |
1993 | -1.471 % | $ 64B 449M | $ 526B 56M | $ 1,121.08 | $ 9,150.72 | 31.27 % | 57M 488K people | -6.517 % | 0 % |
1994 | -1.698 % | $ 79B 818M | $ 528B 164M | $ 1,368.37 | $ 9,054.63 | 22.94 % | 58M 331K people | 6.264 % | 0 % |
1995 | 2.401 % | $ 114B 941M | $ 552B 185M | $ 1,941.99 | $ 9,329.50 | 34.65 % | 59M 187K people | 2.922 % | 0 % |
1996 | 6.351 % | $ 158B 32M | $ 598B 4M | $ 2,631.46 | $ 9,957.61 | 40.26 % | 60M 55K people | 3.311 % | 0 % |
1997 | 1.35 % | $ 184B 138M | $ 616B 531M | $ 3,018.96 | $ 10,108.05 | 36.89 % | 60M 994K people | 1.202 % | 0 % |
1998 | 2.08 % | $ 205B | $ 636B 428M | $ 3,314.91 | $ 10,291.20 | 33.30 % | 61M 842K people | -1.044 % | 0 % |
1999 | 2.003 % | $ 275B 92M | $ 658B 360M | $ 4,400.62 | $ 10,531.74 | 36.17 % | 62M 512K people | 2.395 % | 0 % |