GDP in Iran

Iran GDP | Economic News & Forecasts

Iran - GDP

The economy likely declined at an unprecedented rate in recent months, undermined by Covid-19 and U.S. economic sanctions. Nearly all sectors of the economy have been hit hard by the pandemic. Oil production continued to reel in Q1 and energy exports were likely further suppressed due to weak Chinese demand. Moreover, the non-oil private sector likely suffered notably from the partial lockdown that shuttered businesses and closed international borders in late March. Nevertheless, the government has since rolled backed containment measures to support economic activity, and has also requested a multi-billion-dollar line of credit from the IMF under the Rapid Credit Facility program. Moreover, the government embarked on its largest-ever initial public offering, selling portions of its residual shares in roughly 18 companies. Stimulus measures taken to combat the fallout from Covid-19 now stand at roughly 14% of GDP.

Iran - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)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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