The Gross Domestic Product (GDP) in Iran contracted 6.70 percent in the first quarter of 2021 over the same quarter of the previous year. source: Central Bank of Iran

GDP Annual Growth Rate in Iran averaged 3.78 percent from 1963 until 2021, 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. This page provides - Iran GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iran GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2021.

GDP Annual Growth Rate in Iran is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran GDP Annual Growth Rate is projected to trend around 1.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Iran GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate -6.70 -3.90 percent Mar/21
GDP Constant Prices 1543000.00 1576062.00 IRR Billion Dec/20
Gross Fixed Capital Formation 224000.00 317000.00 IRR Billion Dec/20
GDP From Services 875367.00 841359.00 IRR Billion Dec/20
GDP From Mining 453000.00 425454.95 IRR Billion Dec/20
GDP From Agriculture 17000.00 124372.54 IRR Billion Dec/20
Iran GDP Annual Growth Rate
Iran has a fairy diversified economy. Although the country is one of the world’s major oil producers, the oil sector accounts only for 23 percent of GDP. The largest contributor to the GDP is services (around 50 percent of total output). Within services, the most important are real estate and specialized and professional services (14 percent of GDP); trade, restaurants and hotels (12 percent of GDP) and public services (10 percent of GDP). Manufacturing and mining constitute 20 percent of GDP and agriculture 10 percent.