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) | $1,101,657,649,246 (2020) |
| GDP Growth Rate (annual %) | 1.662% (2020) |
| GDP Per Capita, PPP (current international) | $13,116 (2020) |
GDP Country Rank 22/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 39.907% (2019) |
| External debt stocks, total (DOD, current US$) | $4,833,707,800 (2019) |
| Total tax rate (% of commercial profits) | 44.7% (2019) |
| Real Interest Rate (5 year average %) | 16.134% (2016) |
| Manufacturing, value added (% of GDP) | 14.782% (2019) |
| Current Account Balance (BoP, current US$) | $12,481,000,000 (2000) |
Labor and Employment [1]
| Labor Force, Total | 26,813,322 (2020) |
| Employment in Agriculture (% of total employment) | 17.816% (2020) |
| Employment in Industry (% of total employment) | 30.326% (2020) |
| Employment in Services (% of total employment) | 51.859% (2020) |
| Unemployment Rate | 10.96% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $40,494,794,675 (2020) |
| Exports of goods and services (current US$) | $28,819,034,713 (2020) |
| Total Merchandise Trade (% of GDP) | 48.509% (2020) |
| FDI, net inflows (BoP, current US$) | $1,508,000,000 (2019) |
| Commercial Service Exports (current US$) | $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.