GDP in Iran

Iran GDP | Economic News & Forecasts

Iran - GDP

The economy has found its sweet spot following the country’s reintegration into the global economy. GDP recorded the second consecutive period of double-digit growth in the October-December 2016 period (Q3 SH2016: +16.0% year-on-year) as a result of increased oil production and strong private consumption. Along with the oil sector, manufacturing and mining activities are also boosting overall growth. On the downside, investment activities declined sharply on the back of the enduring recession in the construction sector due to the government’s sloppy intervention in the market and eroded wages following years of high inflation. Moreover, unemployment remains stubbornly high among young people and women, posing one of the main challenges for newly-reelected President Hassan Rouhani.

Iran - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)3.7  -6.6  -1.9  4.3  -1.3  

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Iran GDP Chart

Iran GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Iran.

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