The Gross Domestic Product (GDP) in Iran contracted 6.40 percent in the first quarter of 2020 over the same quarter of the previous year. source: Central Bank of Iran

GDP Annual Growth Rate in Iran averaged 4 percent from 1963 until 2020, 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 November of 2020.

GDP Annual Growth Rate in Iran is expected to be -7.00 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 3.10 in 12 months time. In the long-term, the Iran GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Iran GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.40 1.70 23.01 -12.54 1963 - 2020 percent Quarterly
100=2004

Iran GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -6.40 1.70 23.01 -12.54 percent [+]
GDP 445.35 417.98 598.87 4.20 USD Billion [+]
GDP Constant Prices 1433096.95 1518153.10 1904000.00 40077.46 IRR Billion [+]
Gross Fixed Capital Formation 252186.00 219977.00 385000.00 10115.11 IRR Billion [+]
GDP per capita 6948.70 6790.60 10261.30 2979.00 USD [+]
GDP per capita PPP 14535.90 14205.20 14535.90 8649.60 USD [+]
GDP From Agriculture 16224.32 118224.84 245422.65 891.56 IRR Billion [+]
GDP From Mining 411950.31 397182.54 444000.00 6309.34 IRR Billion [+]
GDP From Services 877436.23 840590.79 926000.00 22451.35 IRR Billion [+]


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.