Countries
Iran
Key Economic Indicators
$1.82 trillion
$19,874
3.66%
32.46%
8.3%
$436.906 billion (2024 est.)
<strong>note:</strong> includes publicly guaranteed debt
Economic Overview
traditionally state-controlled economy but reforming state-owned financial entities; strong oil/gas, agricultural, and service sectors; recent massive inflation due to exchange rate depreciation, international sanctions, and investor uncertainty; increasing poverty
All Economic Data
Agricultural products
wheat, sugarcane, milk, sugar beets, rice, tomatoes, barley, potatoes, oranges, apples (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
0.5% of household expenditures (2023 est.)
On food:
27.9% of household expenditures (2023 est.)
Budget
Expenditures:
$90.238 billion (2019 est.)
Revenues:
$60.714 billion (2019 est.)
Currency
code:
IRR
name:
Iranian rial (IRR) [﷼]
Debt - external
$9.65 billion
Debt - external 2023:
$6.759 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Iranian rials (IRR) per US dollar -
Exchange rates 2019:
42,000 (2019 est.)
Exchange rates 2020:
42,000 (2020 est.)
Exchange rates 2021:
42,000 (2021 est.)
Exchange rates 2022:
42,000 (2022 est.)
Exchange rates 2023:
42,000 (2023 est.)
Exports
$111.93 billion
Exports 2022:
$105.752 billion (2022 est.)
Exports 2023:
$97.924 billion (2023 est.)
Exports 2024:
$100.031 billion (2024 est.)
Note:
<strong>note: </strong>GDP expenditure basis - exports of goods and services in current dollars
Exports - commodities
plastics, iron ore, alcohols, natural gas, refined copper (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 35%, Turkey 16%, India 8%, Pakistan 7%, Armenia 5% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$1.45 billion
GDP - composition, by end use
Exports of goods and services:
22.9% (2024 est.)
Government consumption:
12.9% (2024 est.)
Household consumption:
50.5% (2024 est.)
Imports of goods and services:
-26.8% (2024 est.)
Investment in fixed capital:
26.7% (2024 est.)
Investment in inventories:
13.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
13% (2024 est.)
Industry:
36.4% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
47.9% (2024 est.)
GDP (official exchange rate)
$436.906 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$5,190
Gini Index coefficient - distribution of family income
42 (2018)
Gini Index coefficient - distribution of family income 2023:
35.9 (2023 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$474.04 billion
GNI per capita
$5,130
Gross domestic investment
44 % of GDP
Household income or consumption by percentage share
Highest 10%:
28.2% (2023 est.)
Lowest 10%:
2.8% (2023 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$135.5 billion
Imports 2022:
$97.729 billion (2022 est.)
Imports 2023:
$113.21 billion (2023 est.)
Imports 2024:
$117.176 billion (2024 est.)
Note:
<strong>note: </strong>GDP expenditure basis - imports of goods and services in current dollars
Imports - commodities
broadcasting equipment, vehicle parts/accessories, corn, soybeans, vehicle bodies (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 34%, UAE 20%, Turkey 11%, Brazil 8%, Germany 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
2.8% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
petroleum, petrochemicals, gas, fertilizer, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and nonferrous metal fabrication, armaments
Inflation rate (consumer prices)
32.46%
Inflation rate (consumer prices) 2022:
43.5% (2022 est.)
Inflation rate (consumer prices) 2023:
44.6% (2023 est.)
Inflation rate (consumer prices) 2024:
32.5% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
28.575 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
29.52 million persons
Labor force - by occupation
agriculture:
13.62%
industry:
34.7%
services:
51.67%
Public debt
Note:
<strong>note:</strong> includes publicly guaranteed debt
Public debt 2017:
39.5% of GDP (2017 est.)
Real GDP (purchasing power parity)
$1.82 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$1.373 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$1.442 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$1.486 trillion (2024 est.)
Real GDP growth rate
3.66%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3.8% (2022 est.)
Real GDP growth rate 2023:
5% (2023 est.)
Real GDP growth rate 2024:
3% (2024 est.)
Real GDP per capita
$19,874
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$15,300 (2022 est.)
Real GDP per capita 2023:
$15,900 (2023 est.)
Real GDP per capita 2024:
$16,200 (2024 est.)
Remittances
Note:
<strong>note:</strong> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
0% of GDP (2021 est.)
Remittances 2022:
0% of GDP (2022 est.)
Remittances 2023:
0% of GDP (2023 est.)
Unemployment rate
8.3%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
9.1% (2022 est.)
Unemployment rate 2023:
9.1% (2023 est.)
Unemployment rate 2024:
9.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
35.5% (2024 est.)
Male:
20% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
22.8% (2024 est.)
World Bank Indicators
Currency
Iranian rial (IRR) (2025)
Gini Index
42.00 (2018)
Languages
Persian (Farsi) (2025)
Economic Rankings
Inflation Rate
#14
GDP (PPP)
#22
GDP (Nominal)
#35
Imports
#40
Exports
#45
Unemployment Rate
#50
Gini Index
#51
External Debt
#73
GDP per Capita
#93
GDP Growth Rate
#98
Quick Facts
Industries
petroleum, petrochemicals, gas, fertilizer, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and non
Agricultural products
wheat, sugarcane, milk, sugar beets, rice, tomatoes, barley, potatoes, oranges, apples (2023)
Labor force
28.575 million (2024 est.)
Exports - partners
China 35%, Turkey 16%, India 8%, Pakistan 7%, Armenia 5% (2023)
Imports - partners
China 34%, UAE 20%, Turkey 11%, Brazil 8%, Germany 4% (2023)
Exchange rates
Iranian rials (IRR) per US dollar -
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