Iran GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Iran contracted 5.50 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Iran is reported by the Central Bank of Iran. GDP Annual Growth Rate in Iran averaged 4.76 Percent from 1963 until 2013, reaching an all time high of 23.01 Percent in the second quarter of 1992 and a record low of -12.54 Percent in the fourth quarter of 1979. Iran has a fairy diversified economy. Although the country is one of the world’s major oil producers, the oil sector accounts only for 23 percent of GDP. The largest contributor to the GDP is services (around 50 percent of total output). Within services, the most important are real estate and specialized and professional services (14 percent of GDP); trade, restaurants and hotels (12 percent of GDP) and public services (10 percent of GDP). Manufacturing and mining constitute 20 percent of GDP and agriculture 10 percent. This page provides - Iran GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.50 -7.20 23.01 -12.54 -8.58 | 2013/06 1963 - 2013 Percent Quarterly

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Iran GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 548.89 2012-12-31 514.06 548.89 6.15 628.87 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -5.50 2013-03-31 -7.20 23.01 -12.54 -8.58 2013-06-30 Percent [+]
GDP per capita 3104.61 2009-12-31 3086.74 3316.31 1396.03 3182.13 2014-06-30 USD [+]
GDP per capita PPP 10404.54 2009-12-31 10344.64 10404.54 5293.06 10664.34 2014-06-30 USD [+]
Gdp Constant Prices 122114.00 2012-11-15 127637.00 158885.00 41193.94 132574.05 2014-06-30 IRR Billion [+]
Gross Fixed Capital Formation 527189.00 2012-11-15 383930.00 527189.00 928.35 471614.25 2013-03-31 IRR Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Iran Consumer Price Index (CPI) at 186.60 Index Points  
Consumer Price Index (CPI) in Iran increased to 186.60 Index Points in March of 2014 from 184.30 Index Points in February of 2014. Consumer Price Index (CPI) in Iran is reported by the Central Bank of Iran.
Iran Consumer Spending at 285488.00 IRR Billion  
Consumer Spending in Iran decreased to 285488 IRR Billion in the fourth quarter of 2012 from 290513 IRR Billion in the third quarter of 2012. Consumer Spending in Iran is reported by the Central Bank of Iran.
Iran Crude Oil Production at 3200.00 Thousands Barrels per Day  
Crude Oil Production in Iran remained unchanged at 3200 Thousands Barrels per Day in December of 2013 from 3200 Thousands Barrels per Day in November of 2013. Crude Oil Production in Iran is reported by the U.S. Energy Information Administration.
Iran Gdp Constant Prices at 122114.00 IRR Billion  
Gdp Constant Prices in Iran decreased to 122114 IRR Billion in the fourth quarter of 2012 from 127637 IRR Billion in the third quarter of 2012. Gdp Constant Prices in Iran is reported by the Central Bank of Iran.
Iran Gross Fixed Capital Formation at 527189.00 IRR Billion  
Gross Fixed Capital Formation in Iran increased to 527189 IRR Billion in the fourth quarter of 2012 from 383930 IRR Billion in the third quarter of 2012. Gross Fixed Capital Formation in Iran is reported by the Central Bank of Iran.
Iran Producer Prices at 510.20 Index Points  
Producer Prices in Iran increased to 510.20 Index Points in March of 2014 from 505.90 Index Points in February of 2014. Producer Prices in Iran is reported by the Central Bank of Iran.
Iran Current Account at 6092.00 USD Million  
Iran recorded a Current Account surplus of 6092 USD Million in the first quarter of 2013. Current Account in Iran is reported by the Central Bank of Iran.
Iran Inflation Rate at 22.80 Percent  
The inflation rate in Iran was recorded at 22.80 percent in February of 2014. Inflation Rate in Iran is reported by the Central Bank of Iran.
Iran Government Budget at -0.78 Percent of GDP  
Iran recorded a Government Budget deficit equal to 0.78 percent of the country's Gross Domestic Product in 2013. Government Budget in Iran is reported by the Central Bank of Iran.
Iran Current Account to GDP at 8.12 Percent  
Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran.
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