GDP in Iran

Iran GDP | Economic News & Forecasts

Iran - GDP

The economy plunged 4.9% in SH 2018, which ran roughly from April 2018 to March 2019, as U.S. sanctions devastated oil output and exports, consequently hammering the energy sector and public coffers. Moving to Q1 SH 2019 (April-June 2019), the downturn likely intensified. According to OPEC, oil production plummeted 1.4 mbpd in the period in annual terms, while by late June, oil exports were reportedly a mere 300,000 barrels per day or less. That said, China appears to have provided some support, by continuing to make purchases and stockpiling Iran’s oil exports at Chinese ports in recent months. In politics, tensions in the Strait of Hormuz escalated after Iran seized a British oil tanker in late July. Geopolitical disputes and Iran’s growing isolation will continue to hamper business sentiment going forward.

Iran - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)-0.2  4.6  -1.3  13.4  3.8  

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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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