Iran recorded a Current Account surplus of 1.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Iran averaged 1.55 percent from 1980 until 2018, reaching an all time high of 10.45 percent in 2011 and a record low of -14.77 percent in 1992. This page provides - Iran Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iran Current Account to GDP - values, historical data and charts - was last updated on June of 2020.

Current Account to GDP in Iran is expected to reach -4.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran Current Account to GDP is projected to trend around -3.50 percent in 2021 and -2.50 percent in 2022, according to our econometric models.

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Iran Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 2.10 10.45 -14.77 1980 - 2019 percent Yearly

Iran Trade Last Previous Highest Lowest Unit
Balance of Trade 12983.00 6227.00 20935.00 -6529.00 USD Million [+]
Current Account 11061.00 4902.00 18850.00 -9448.00 USD Million [+]
Current Account to GDP -0.10 2.10 10.45 -14.77 percent [+]
Imports 16353.00 22836.00 26131.00 2917.00 USD Million [+]
Exports 29336.00 29064.00 38751.00 3112.00 USD Million [+]
Crude Oil Production 1969.00 2022.00 6677.00 510.00 BBL/D/1K [+]
Weapons Sales 20.00 5.00 123.00 0.00 USD Million [+]
Non Oil Exports 32655.00 32324.00 33569.00 2445.00 USD Million [+]
Oil Exports 60735.00 65818.00 119148.00 10659.00 USD Million [+]
Terrorism Index 4.72 4.40 5.83 1.90 [+]
External Debt 10910.00 8481.00 28647.00 5107.00 USD Million [+]
Foreign Direct Investment 2430.20 3223.00 4488.60 15.60 USD Million [+]


Iran Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.