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%.
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.
Iran GDP from 1980 to 2024
The total market value of goods and services produced annually in Iran.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 95B 846M | $ 2,439.40 | $ 5,750.95 | $ 225B 961M | -21.6 % | -3.709 % | 50.48 % | 0 % | 39M 291K people |
1981 | $ 101B 481M | $ 2,485.68 | $ 5,713.24 | $ 233B 249M | -5.697 % | -4.264 % | 41.86 % | 0 % | 40M 826K people |
1982 | $ 125B 800M | $ 2,965.58 | $ 7,191.15 | $ 305B 48M | 23.171 % | 3.906 % | 25.89 % | 0 % | 42M 420K people |
1983 | $ 156B 927M | $ 3,560.28 | $ 7,989.15 | $ 352B 138M | 11.087 % | -0.28 % | 35.83 % | 0 % | 44M 77K people |
1984 | $ 161B 721M | $ 3,531.17 | $ 7,397.66 | $ 338B 798M | -7.14 % | -0.592 % | 31.84 % | 0 % | 45M 798K people |
1985 | $ 180B 541M | $ 3,793.91 | $ 7,481.86 | $ 356B 39M | 1.868 % | -0.519 % | 22.28 % | 0 % | 47M 587K people |
1986 | $ 208B 928M | $ 4,225.46 | $ 6,626.92 | $ 327B 668M | -9.785 % | -2.713 % | 20.28 % | 0 % | 49M 445K people |
1987 | $ 277B 19M | $ 5,467.98 | $ 6,616.59 | $ 335B 210M | -0.172 % | -0.974 % | 18.61 % | 0 % | 50M 662K people |
1988 | $ 311B 932M | $ 6,009.20 | $ 6,278.77 | $ 325B 925M | -6.082 % | -0.68 % | 15.26 % | 0 % | 51M 909K people |
1989 | $ 379B 427M | $ 7,133.82 | $ 6,758.71 | $ 359B 475M | 6.132 % | -0.783 % | 22.85 % | 0 % | 53M 187K people |
1990 | $ 581B 8M | $ 10,661.48 | $ 7,773.56 | $ 423B 628M | 13.595 % | -0.465 % | 34.70 % | 0 % | 54M 496K people |
1991 | $ 304B 65M | $ 5,445.57 | $ 8,840.87 | $ 493B 648M | 12.716 % | -3.683 % | 44.11 % | 0 % | 55M 837K people |
1992 | $ 50B 472M | $ 890.84 | $ 9,205.55 | $ 521B 549M | 3.298 % | -14.464 % | 44.41 % | 0 % | 56M 656K people |
1993 | $ 64B 449M | $ 1,121.08 | $ 9,150.72 | $ 526B 56M | -1.471 % | -6.517 % | 31.27 % | 0 % | 57M 488K people |
1994 | $ 79B 818M | $ 1,368.37 | $ 9,054.63 | $ 528B 164M | -1.698 % | 6.264 % | 22.94 % | 0 % | 58M 331K people |
1995 | $ 114B 941M | $ 1,941.99 | $ 9,329.50 | $ 552B 185M | 2.401 % | 2.922 % | 34.65 % | 0 % | 59M 187K people |
1996 | $ 158B 32M | $ 2,631.46 | $ 9,957.61 | $ 598B 4M | 6.351 % | 3.311 % | 40.26 % | 0 % | 60M 55K people |
1997 | $ 184B 138M | $ 3,018.96 | $ 10,108.05 | $ 616B 531M | 1.35 % | 1.202 % | 36.89 % | 0 % | 60M 994K people |
1998 | $ 205B | $ 3,314.91 | $ 10,291.20 | $ 636B 428M | 2.08 % | -1.044 % | 33.30 % | 0 % | 61M 842K people |
1999 | $ 275B 92M | $ 4,400.62 | $ 10,531.74 | $ 658B 360M | 2.003 % | 2.395 % | 36.17 % | 0 % | 62M 512K people |
