Gross Domestic Product — Value Standard Local Currency, annual growth in Iran (Islamic Republic of)

Iran (Islamic Republic of): Gross Domestic Product — Value Standard Local Currency, annual growth was 38.33 % change on previous year in 2024. ◆ Volatile

Latest (2024)
38.33 % change on previous year
Change on year
up 3.4%
World rank
8th
of 218 countries
All-time high
67.51 % change on previous year
in 1974
All-time low
-3.38 % change on previous year
in 1978
Years of data
54
1971–2024

Gross Domestic Product — Value Standard Local Currency, annual growth in Iran (Islamic Republic of), 1971–2024

0204060197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for gross domestic product — value standard local currency, annual growth in Iran (Islamic Republic of) is 38.33 % change on previous year, measured in 2024.

That represents a change of up 3.4% on the previous year and up 151.6% over ten years.

Over the whole period, gross domestic product — value standard local currency, annual growth in Iran (Islamic Republic of) peaked at 67.51 % change on previous year in 1974 and was at its lowest, -3.38 % change on previous year, in 1978.

That places Iran (Islamic Republic of) 8th out of 218 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value Standard Local Currency, annual growth in Iran (Islamic Republic of), year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, annual growth rate in Iran (Islamic Republic of), 1971 to 2024.
Year % change on previous year Change
1971 25.1 % change on previous year
1972 24.92 % change on previous year -0.7%
1973 43.56 % change on previous year +74.8%
1974 67.51 % change on previous year +55.0%
1975 12.94 % change on previous year -80.8%
1976 36.01 % change on previous year +178.2%
1977 18.51 % change on previous year -48.6%
1978 -3.38 % change on previous year -118.2%
1979 15.9 % change on previous year -570.9%
1980 6.02 % change on previous year -62.1%
1981 19.08 % change on previous year +216.9%
1982 32.25 % change on previous year +69.0%
1983 28.23 % change on previous year -12.5%
1984 9.34 % change on previous year -66.9%
1985 6 % change on previous year -35.8%
1986 1.25 % change on previous year -79.1%
1987 21.32 % change on previous year +1600.8%
1988 12.78 % change on previous year -40.1%
1989 24.34 % change on previous year +90.5%
1990 39.49 % change on previous year +62.2%
1991 41.59 % change on previous year +5.3%
1992 33.61 % change on previous year -19.2%
1993 47.69 % change on previous year +41.9%
1994 31.66 % change on previous year -33.6%
1995 41.25 % change on previous year +30.3%
1996 39.56 % change on previous year -4.1%
1997 17.98 % change on previous year -54.6%
1998 11.56 % change on previous year -35.7%
1999 35.86 % change on previous year +210.2%
2000 29.88 % change on previous year -16.7%
2001 17.09 % change on previous year -42.8%
2002 38.37 % change on previous year +124.5%
2003 22.67 % change on previous year -40.9%
2004 28.77 % change on previous year +26.9%
2005 25.34 % change on previous year -11.9%
2006 21.61 % change on previous year -14.7%
2007 34.4 % change on previous year +59.2%
2008 21.02 % change on previous year -38.9%
2009 6.79 % change on previous year -67.7%
2010 23.93 % change on previous year +252.2%
2011 28.39 % change on previous year +18.7%
2012 14.5 % change on previous year -48.9%
2013 34.69 % change on previous year +139.3%
2014 15.23 % change on previous year -56.1%
2015 -1.23 % change on previous year -108.1%
2016 19.04 % change on previous year -1647.6%
2017 16.15 % change on previous year -15.2%
2018 29.22 % change on previous year +80.9%
2019 26.53 % change on previous year -9.2%
2020 49.07 % change on previous year +85.0%
2021 63.7 % change on previous year +29.8%
2022 56.27 % change on previous year -11.7%
2023 37.08 % change on previous year -34.1%
2024 38.33 % change on previous year +3.4%

Biggest year-on-year movements

Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Iran (Islamic Republic of) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2016 +1647.6% -1.23 % change on previous year 19.04 % change on previous year
1987 +1600.8% 1.25 % change on previous year 21.32 % change on previous year
1979 +570.9% -3.38 % change on previous year 15.9 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 26.79 % change on previous year -3.38 % change on previous year 67.51 % change on previous year 9
1980s 16.06 % change on previous year 1.25 % change on previous year 32.25 % change on previous year 10
1990s 34.02 % change on previous year 11.56 % change on previous year 47.69 % change on previous year 10
2000s 24.59 % change on previous year 6.79 % change on previous year 38.37 % change on previous year 10
2010s 20.64 % change on previous year -1.23 % change on previous year 34.69 % change on previous year 10
2020s 48.89 % change on previous year 37.08 % change on previous year 63.7 % change on previous year 5

Countries ranked near Iran (Islamic Republic of)

  1. 5 Turkey 63.53 % change on previous year compare
  2. 6 Venezuela (Bolivarian Republic of) 62.93 % change on previous year compare
  3. 7 Guyana 46.8 % change on previous year compare
  4. 9 Egypt 36.9 % change on previous year compare
  5. 10 Ethiopia 34.72 % change on previous year compare
  6. 11 Ghana 32.49 % change on previous year compare

See the full ranking of 218 places →

More economy & growth data for Iran (Islamic Republic of)

All data for Iran (Islamic Republic of) →

Frequently asked questions

What is gross domestic product — value standard local currency, annual growth in Iran (Islamic Republic of)?
Gross domestic product — value standard local currency, annual growth in Iran (Islamic Republic of) was 38.33 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, annual growth recorded in Iran (Islamic Republic of)?
The highest recorded value was 67.51 % change on previous year in 1974.
What is the lowest gross domestic product — value standard local currency, annual growth recorded in Iran (Islamic Republic of)?
The lowest recorded value was -3.38 % change on previous year in 1978.
How does Iran (Islamic Republic of) rank for gross domestic product — value standard local currency, annual growth?
Iran (Islamic Republic of) ranks 8th out of 218 countries with data for 2024.
Is gross domestic product — value standard local currency, annual growth rising or falling in Iran (Islamic Republic of)?
Over the last ten years it is up 151.6%. The long-run trend across the full record is volatile.
Where does this Iran (Islamic Republic of) data come from?
The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, annual growth in Iran (Islamic Republic of). Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-annual-growth-rate/iran-islamic-republic-of/

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How this figure is calculated

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross Domestic Product — Value Standard Local Currency, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
218 places, 10,731 data points, 1971–2024
Last refreshed

The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.