Iran

Iran fell 11 places to 45th as US$ GDP shrank 23.7% to US$362.7 billion from US$475.3 billion. Real output contracted too, by -2.8%, but most of the dollar decline reflected exchange-rate and price effects, not output. Inflation stood at 42.2% and unemployment at 8.3%.

Services make up 47.1% of output, industry 39.6% and agriculture 10.6%, with manufacturing at 20.6% as of 2024. Government gross debt is 35.6% of GDP. GDP per capita of US$3,924 ranks 137th, but Iran ranks 35 places higher on a PPP basis, at 102nd, because local prices are low.

The economy peaked in 2012 at US$644.0 billion. With 92.4 million people, it is now about the size of the Minneapolis, MN metro area, sitting between Egypt and Chile. The IMF projects GDP of US$349.7 billion by 2030, a change of -4%, with a forecast ranking of 51st.