GDP in Iran

Iran GDP | Economic News & Forecasts

Iran - GDP

A recent GDP release showed the economy grew 7.7% in the final quarter of SH 2020 (January–March 2021), as growth in the oil sector surged, while the non-oil sector also expanded at a quicker pace. Consequently, the economy grew for the first time in three years in SH 2020, but this was predominately due to an extremely low base effect. Turning to the current economic panorama, conditions seem to be improving, although they remain relatively subdued due to ongoing U.S. sanctions. Oil production continued to hover around its highest levels since early 2019 in August, which, coupled with crude oil prices trending at around three-year highs, should be propelling the energy sector. However, new Covid-19 cases remain stubbornly high, despite falling rapidly in September from mid-August’s peak, which is likely weighing heavily on non-oil output.

Iran - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)-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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