The Gross Domestic Product (GDP) in Iran expanded 1.80 percent in the second quarter of 2018 over the same quarter of the previous year. GDP Annual Growth Rate in Iran averaged 4.53 percent from 1963 until 2018, reaching an all time high of 23.01 percent in the second quarter of 1992 and a record low of -12.54 percent in the fourth quarter of 1979.
GDP Annual Growth Rate in Iran is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Iran to stand at -3.40 in 12 months time. In the long-term, the Iran GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.