Iran: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Petroleum accounts for 80% of Iran's all exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2018): China, United Arab Emirates, and Iraq |
| Top Industries Source: CIA World Factbook | Petroleum; Petrochemicals; Fertilizers; Caustic Soda |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,326,346,118,342 (2020) |
| GDP Growth Rate (annual %) | 1.762% (2020) |
| GDP Per Capita, PPP (current international) | $15,791 (2020) |
GDP Country Rank 22/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 30.594% (2020) |
| External debt stocks, total (DOD, current US$) | $5,451,188,396 (2020) |
| Total tax rate (% of commercial profits) | 44.7% (2019) |
| Real Interest Rate (5 year average %) | 7.861% (2016) |
| Manufacturing, value added (% of GDP) | 20.033% (2020) |
| Current Account Balance (BoP, current US$) | $12,481,000,000 (2000) |
Labor and Employment [1]
| Labor Force, Total | 26,410,385 (2021) |
| Employment in Agriculture (% of total employment) | 17.816% (2020) |
| Employment in Industry (% of total employment) | 30.326% (2020) |
| Employment in Services (% of total employment) | 51.859% (2020) |
| Unemployment Rate | 11.461% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $59,112,942,613 (2020) |
| Exports of goods and services (current US$) | $48,047,122,404 (2020) |
| Total Merchandise Trade (% of GDP) | 37.377% (2021) |
| FDI, net inflows (BoP, current US$) | $1,342,000,000 (2020) |
| Commercial Service Exports (current US$) | $1,357,000,000 (2000) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Iran’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.