Economy of Iran
Population: 81.80 M (2018)
GDP per Capita: 5,628 USD (2017)
454,010 M.

GDP USD

(2017)

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113,240 M.

EXPORTS USD

(2017)

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108,230 M.

IMPORTS USD

(2017)

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32.18 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.76 % (2017)
GDP of 2010 USD USD 560.90 B. (2017)
GDP Current USD USD 454.01 B. (2017)
GDP per Capita Current USD USD 5,628 (2017)
GDP per capita, PPP USD 19,098 (2017)
GDP per Capita, 2010 USD USD 6,952 (2017)

Government spending and balances

Indicator Value
Government Spending % GDP 13.43 % (2017)
Government Spending USD 60.97 B. (2017)
Government Debt % GDP 32.18 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 167.78 (2018)
Trade Openness 48.78 % (2017)
Exports of Goods and Services % GDP 24.94 % (2017)
Exports Goods & Services USD 113.24 B. (2017)
Exports Annual Growth 1.80 % (2017)
Imports as % GDP 23.84 % (2017)
Total Imports USD 108.23 B. (2017)
Foreign Direct Investment % GDP 1.11 % (2017)
Foreign Direct Investment USD 3.48 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 0.29 % (2017)
Remittances 0.29 % (2017)
Balance of Payments 0.29 % (2017)

Labor Market

Indicator Value
Labor Force 27.36 M. (2019)
Unemployment Rate 11.99 % (2019)
Unemployment Rate Females 18.57 % (2019)
Unemployment Rate Males 9.64 % (2019)
Youth Unemployment (ages 15-24) 28.58 % (2019)
Labor Force Participation Rate 43.79 % (2019)
Labor Force (Percent Female) 19.53 % (2019)
Female Labor Force Participation Rate 16.56 % (2019)
Male Labor Force Participation Rate 70.94 % (2019)
Dependent People 44.22 % (2018)

Agriculture Sector

Indicator Value
Forest Area 6.60 % (2016)
Forest Area km² 106,920 km² (2016)
Agricultural Land 28.21 % (2016)
Agricultural Land km² 459,540 km² (2016)
Employment 17.20 % (2019)
Value added % GDP 9.50 % (2017)
Agriculture Value added USD 43.13 B. (2017)
Crop Production Index 110.50 (2016)
Precipitation 228 mm (2014)
Arable Land 9 % (2016)
Cereal Yield 2,317 kg/hectare (2017)
Food production index 113 (2016)
Rural Population 25 % (2018)
Fertilizer use of Arable Land 76 kg/hectare (2016)
Livestock Production Index 109 (2016)
Economy of Iran

According to the World Bank and its latest published data, the economy of the Iran presents a growth rate of 3.76 % (2017) to the previous year.

With a population that reaches 81.80 M (2018) and a gross domestic product of USD 454.01 B. (2017), it translates a Gross Domestic Product per Capita of USD 5,628 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Iran also has a workforce of 27.36 M. (2019) with an unemployment rate of 11.99 % (2019), where women represent 18.57 % (2019) and men 9.64 % (2019), the unemployment rate for young people between 15-24 years old stood at 28.58 % (2019). The total number of dependent people stands at 44.22 % (2018).

The central government spent 13.43 % (2017) of its gross domestic product that year, which in absolute terms is USD 60.97 B. (2017). Its consolidated public debt reached 32.18 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Iran exported USD 113.24 B. (2017), which represents 24.94 % (2017) of its gross domestic product, in that same sense its imports reached USD 108.23 B. (2017) with a direct foreign investment of USD 3.48 B. (2018).

Iran has a forest area of 106,920 km² (2016), which represents 6.60 % (2016) of its total area, an average rainfall of 228 mm (2014) per year and a population of 25 % (2018) living in rural areas. With a total area of 459,540 km² (2016) available for agriculture and 17.20 % (2019) of its employments, the agricultural sector contributes to the economy of the Iran about USD 43.13 B. (2017) (9.50 % (2017) of its GDP).