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 0.20 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 0.10 in 12 months time. In the long-term, the Iran GDP Annual Growth Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

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Iran GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.70 23.01 -12.54 1963 - 2018 percent Quarterly
100=2004


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.

Iran GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.80 2.70 23.01 -12.54 percent [+]
GDP 454.01 418.98 598.85 6.20 USD Billion [+]
GDP Constant Prices 1677000.00 1703000.00 1904000.00 40077.46 IRR Billion [+]
Gross Fixed Capital Formation 197000.00 369000.00 385000.00 10115.11 IRR Billion [+]
GDP per capita 6952.40 6794.30 10266.90 2980.60 USD [+]
GDP per capita PPP 19098.00 18663.50 19098.00 11364.30 USD [+]
GDP From Agriculture 103000.00 16000.00 228000.00 891.56 IRR Billion [+]
GDP From Mining 370000.00 443000.00 444000.00 6309.34 IRR Billion [+]
GDP From Services 844000.00 926000.00 926000.00 22451.35 IRR Billion [+]