The economy of Iran expanded 1.6% year-on-year in the fourth quarter of 2024, slowing from a 3.1% growth in the previous period. GDP Annual Growth Rate in Iran averaged 3.91 percent from 1963 until 2024, reaching an all time high of 48.30 percent in the first quarter of 2012 and a record low of -39.12 percent in the second quarter of 2011. source: Statistical Center of Iran

GDP Annual Growth Rate in Iran is expected to be 1.00 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 1.50 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP Annual Growth Rate 1.59 3.12 percent Dec 2024
GDP Constant Prices 24685305.77 26303932.67 IRR Billion Dec 2024
GDP from Agriculture 1534659.44 2820021.70 IRR Billion Dec 2024
GDP from Mining 6267007.59 6646023.34 IRR Billion Dec 2024
GDP from Services 9684635.71 9679399.53 IRR Billion Dec 2024
Gross Fixed Capital Formation 3483066.22 4052945.24 IRR Billion Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.59 3.12 48.30 -39.12 1963 - 2024 percent Quarterly
Constant Prices 2021, NSA