Iran/Economy

Economy of Iran

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$404.6B(2023)
GDP PPP (USD)
$1.6T(2023)
GDP per Capita (USD)
$4,466(2023)
GDP Growth (inflation-adjusted)
5%(2023)
Inflation (CPI Annual %)
32.5%(2024)

Trade & Finance

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Exports (as share of GDP)
24.2%(2023)
Imports (as share of GDP)
28%(2023)
FDI Inflows (as share of GDP)
0.4%(2023)
Remittance Inflow (USD)
$0.0(2023)
Tax Revenue (as share of GDP)
7.4%(2009)

Labor & Income

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Unemployment Rate
9.2%(2024)
Employment in Services
50.7%(2023)
GINI Index
35.9(2023)
GNI per Capita (USD)
$4,650(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
3266 kg oil eq.(2022)
Renewable Energy Consumption (%)
0.9%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Iran

  • The economic architecture of Iran is substantial, anchored by a Gross Domestic Product (GDP) of approximately $404.63B
    2023
    . This places it as the 37th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $4.47K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $1.6T, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 5.0%
    2023
    , but this is challenged by high inflation, with the Consumer Price Index (CPI) at 32.5%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 24.2% of GDP and imports at 28.0%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 0.35% of the economy
    2023
    . This performance positions the country 148th globally out of 186 nations, indicating its relative attractiveness to foreign capital. The government faces fiscal constraints, with tax revenue representing only 7.4% of GDP
    2009
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $4,650
    2023
    . Globally, this ranks the nation 115th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country faces significant labor market challenges, with an unemployment rate of 9.2%
    2024
    . The services sector is a primary driver of the labor market, accounting for 50.7% of total employment
    2023
    . There is a moderate level of income inequality, with a Gini index of 35.9
    2023
    .
  • On the environment and energy front, energy consumption per capita is 3,266.122 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 0.9%
    2021
    . Its commitment to clean energy places it 11th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Runaway inflation is the most pressing economic threat, eroding purchasing power and creating instability.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.