Gross Domestic Product in Current Prices for Iran, Islamic Republic of
IRNNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,746,789,885.90
Year-over-Year Change
8.27%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Current Prices for Iran, Islamic Republic of measures the total market value of all goods and services produced within the country, expressed in U.S. dollars. This key economic indicator provides insights into the size and growth of Iran's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross Domestic Product (GDP) is the primary measure of a country's economic activity and growth. The GDP in Current Prices for Iran, expressed in U.S. dollars, allows for comparison with other nations and analysis of Iran's economic performance over time.
Methodology
The data is collected by the Central Bank of Iran and reported to the International Monetary Fund.
Historical Context
Economists and policymakers use this GDP metric to assess Iran's economic conditions and make informed decisions.
Key Facts
- Iran's GDP in current prices was $231.9 billion in 2021.
- GDP growth in Iran was 3.4% in 2021, a recovery from the COVID-19 pandemic.
- Iran's GDP per capita in 2021 was $2,734.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Current Prices for Iran, Islamic Republic of measures the total market value of all goods and services produced within the country, expressed in U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric provides key insights into the size and performance of Iran's economy, which is important for economists, policymakers, and anyone analyzing the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iran and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this GDP metric to assess Iran's economic conditions and make informed decisions regarding economic policies, trade, and investment.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the reporting agencies, and may have some delays in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for Iran, Islamic Republic of (IRNNGDPDUSD), retrieved from FRED.