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Economy of Iran vs Lesotho compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $2.27B for Lesotho, ranking 34/197 and 175/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

Iran vs Lesotho GDP by year

Iran
Lesotho
1x
Year GDP, current $
Iran Lesotho
2024 $475,252,089,215 $2,271,759,455
2023 $457,510,482,317 $2,117,962,445
2022 $422,662,261,526 $2,354,980,960
2021 $407,350,685,583 $2,412,130,057
2020 $280,934,329,280 $2,053,699,864
2019 $347,988,400,958 $2,390,702,296
2018 $411,903,303,606 $2,556,247,292
2017 $510,239,893,418 $2,306,741,672
2016 $478,618,064,871 $2,114,426,452
2015 $409,191,686,497 $2,359,686,725
2014 $462,284,793,281 $2,441,063,054
2013 $500,399,839,840 $2,367,112,932
2012 $644,019,315,004 $2,477,702,216
2011 $629,082,257,472 $2,579,409,620
2010 $487,069,570,464 $2,234,754,242
2009 $414,059,094,949 $1,740,894,965
2008 $406,070,949,554 $1,766,902,709
2007 $349,736,591,832 $1,682,131,785
2006 $265,602,187,404 $1,800,092,564
2005 $224,970,371,325 $1,682,343,527
2004 $187,754,571,248 $1,511,236,656
2003 $151,911,222,119 $1,157,825,435
2002 $128,626,917,504 $775,777,239
2001 $126,878,750,296 $825,706,961
2000 $109,591,707,802 $887,291,688
1999 $113,848,450,088 $912,773,681
1998 $110,276,913,363 $928,460,893
1997 $113,919,163,421 $998,004,259
1996 $120,403,931,885 $946,112,493
1995 $96,419,225,744 $1,001,894,000
1994 $71,841,461,173 $878,250,945
1993 $63,743,623,232 $835,582,062
1992 $119,768,691,217 $831,029,862
1991 $131,637,664,958 $704,325,367
1990 $124,813,263,926 $596,410,264
1989 $120,496,362,916 $495,409,233
1988 $123,057,861,334 $470,395,801
1987 $134,009,995,923 $402,768,324
1986 $209,094,561,833 $318,858,423
1985 $180,183,629,600 $268,629,926
1984 $162,276,728,620 $333,163,670
1983 $156,365,156,618 $386,699,309
1982 $125,948,756,439 $348,741,684
1981 $100,499,312,750 $434,188,034
1980 $94,362,275,580 $431,542,537
1979 $90,391,877,326 $290,134,593
1978 $77,994,316,621 $266,570,067
1977 $80,600,122,702 $193,315,048
1976 $68,055,295,081 $147,660,037
1975 $51,776,222,350 $149,558,896
1974 $46,209,092,072 $150,851,317
1973 $27,081,698,250 $121,188,716
1972 $17,153,463,263 $80,913,200
1971 $13,731,802,833 $76,480,285
1970 $10,976,245,154 $68,739,973
1969 $9,743,089,607 $65,967,974
1968 $8,623,172,960 $61,445,975
1967 $7,555,383,690 $59,261,976
1966 $6,789,938,672 $56,699,977
1965 $6,197,319,929 $54,879,978
1964 $5,379,845,648 $51,939,979
1963 $4,928,628,018 $47,039,981
1962 $4,693,566,416 $41,859,983
1961 $4,426,949,095 $35,699,986
1960 $4,199,134,390 $34,579,986

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/lesotho | CC BY

GDP per capita in Iran vs Lesotho by year

Iran
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $972 $3,001
2023 $5,049 $18,917 $916 $2,881
2022 $4,721 $17,546 $1,030 $2,761
2021 $4,605 $15,884 $1,067 $2,545
2020 $3,203 $15,119 $919 $2,559
2019 $3,997 $13,928 $1,082 $2,568
2018 $4,783 $15,324 $1,171 $2,632
2017 $6,001 $15,719 $1,069 $2,619
2016 $5,711 $15,195 $992 $2,942
2015 $4,953 $14,274 $1,121 $3,035
2014 $5,672 $16,065 $1,174 $2,771
2013 $6,223 $16,215 $1,151 $2,538
2012 $8,114 $17,021 $1,218 $2,291
2011 $8,026 $19,275 $1,281 $2,279
2010 $6,291 $18,628 $1,119 $2,153
2009 $5,416 $17,615 $879 $2,036
2008 $5,377 $17,549 $898 $2,064
2007 $4,688 $17,384 $861 $1,932
2006 $3,619 $15,907 $925 $1,813
2005 $3,132 $15,016 $861 $1,681
2004 $2,672 $14,425 $767 $1,561
2003 $2,209 $13,755 $583 $1,484
2002 $1,891 $12,554 $389 $1,385
2001 $1,881 $11,533 $413 $1,350
2000 $1,650 $11,187 $443 $1,273
1999 $1,740 $10,489 $456 $1,199
1998 $1,709 $10,285 $465 $1,179
1997 $1,790 $10,101 $502 $1,154
1996 $1,915 $9,916 $480 $1,103
1995 $1,550 $9,255 $513 $1,037
1994 $1,168 $8,951 $456 $995
1993 $1,038 $8,933 $439 $932
1992 $1,957 $8,888 $444 $893
1991 $2,194 $8,580 $382 $830
1990 $2,138 $7,566 $330 $764
1989 $2,125 - $279 -
1988 $2,234 - $270.4 -
1987 $2,513 - $236.5 -
1986 $4,064 - $191.4 -
1985 $3,634 - $165.4 -
1984 $3,395 - $211 -
1983 $3,397 - $252 -
1982 $2,845 - $233.9 -
1981 $2,393 - $299.8 -
1980 $2,368 - $307 -
1979 $2,352 - $212.4 -
1978 $2,101 - $200.8 -
1977 $2,243 - $149.9 -
1976 $1,954 - $117.8 -
1975 $1,532 - $123.2 -
1974 $1,409 - $128.7 -
1973 $851 - $107 -
1972 $555 - $74 -
1971 $457 - $72.4 -
1970 $377 - $67.4 -
1969 $345 - $67.1 -
1968 $314 - $64.8 -
1967 $283.7 - $64.8 -
1966 $262.9 - $64.3 -
1965 $247.5 - $64.3 -
1964 $221.7 - $62.6 -
1963 $209.6 - $58.4 -
1962 $205.8 - $53.5 -
1961 $200.1 - $47 -
1960 $195.6 - $47 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/lesotho | CC BY

Iran's GDP per capita is $5,190, ranking 119/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Lesotho ranks 180th at $3,001.

Economic indicators

Iran Lesotho
Gross domestic product
$475B
2024
$2.27B
2024
GDP rank
34/197
2024
175/197
2024
GDP growth
3.66%
2023-2024
2.85%
2023-2024
GDP per capita
$5,190
2024
$972
2024
GDP per capita rank
119/197
2024
181/197
2024
GDP per capita, PPP
$19,874
2024
$3,001
2024
GDP per capita PPP rank
97/197
2024
180/197
2024
Government debt
$162B
2024
$1.29B
2024
Debt-to-GDP ratio
34%
2024
56.8%
2024
Government debt per person
$1,764
2024
$552
2024
Government debt per person rank
122/185
2024
164/185
2024
Average annual personal income after taxes
$2,964
2026
$6,545
2026
Market capitalization of domestic companies
$172B
2024
n/a
Income share by richest 10%
28.2%
2023
32.9%
2017
Income share by poorest 10%
2.8%
2023
1.7%
2017
Government expenditure, % of GDP
14.2%
2024
53.5%
2024
Consumer prices inflation
32.5%
2023-2024
6.11%
2023-2024
Central bank interest rate
23%
2023
6.5%
2025
Unemployment rate
7.63%
2024
18.7%
2024
Population
93468444
2396633

Spending and national debt comparison by year

Iran
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Iran Lesotho
Government spending Government debt Government spending Government debt
2024 14.2% 34% 53.5% 56.8%
2023 12.8% 29.6% 49.4% 61.5%
2022 12.8% 34.5% 50.8% 64.4%
2021 13.4% 39.9% 53.8% 58%
2020 12.1% 47.1% 54.4% 54.7%
2019 13.6% 44.6% 53.6% 58.2%
2018 14.8% 41.6% 51.9% 48.2%
2017 16.4% 43.2% 50.4% 41%
2016 16.3% 45.9% 54.1% 41.5%
2015 14.1% 32.1% 51.7% 45.8%
2014 12.3% 10.9% 50.1% 41.5%
2013 11.5% 10.2% 58.4% 41.2%
2012 11.4% 11.7% 58.1% 39.8%
2011 14.6% 10.6% 60.2% 36.2%
2010 14.1% 12.8% 55.3% 33.8%
2009 15.7% 11.5% 66.4% 35.9%
2008 16.8% 10.6% 54.1% 47%
2007 14.2% 13.5% 48.1% 49.6%
2006 18.7% 15.2% 43.2% 43.7%
2005 17.9% 18.3% 37.6% 41%
2004 15.1% 21.1% 36.3% 49.4%
2003 15.7% 21.9% 39.8% 52.6%
2002 15.6% 23.4% 41.2% 79.6%
2001 13.6% 21% 41.4% 108.7%
2000 13.3% 18.2% 39.3% 88.5%
1999 15.7% 22.2% 50.8% 83%
1998 16.9% 29.6% 51.4% 79.4%
1997 17.4% 30.9% 44.6% 65.7%
1996 17.3% 29.3% 41.5% 71.6%
1995 21% 31.2% 42.1% 62.8%
1994 23% 41.7% 40.2% 67%
1993 27.2% 25.6% 36% 71.2%
1992 14.4% 25.2% 35.3% 64.4%
1991 14% 29.3% 31.3% 11.9%
1990 16.4% 37% 32.9% 18%
1989 20% 48.8% 35.8% 112.5%
1988 23.6% 53.2% 35.3% 105.2%
1987 18.6% 48.6% 40.3% 97.4%
1986 19% 47.4% 33.2% 92.5%
1985 21.6% 8.73% 32.8% 86.3%
1984 23.7% 10% 26.8% 57.2%
1983 27.5% 35.7% 27.2% 56.7%
1982 29.7% 47.7% 29.9% 61.4%
1981 33.7% 47.6% - -
1980 35.8% 35.5% - -
1979 - - - -
1978 - - - -
1977 - 9.23% - -
1976 - 6.92% - -
1975 - 8.81% - -
1974 - 6.68% - -
1973 - 12.8% - -
1972 - 12.7% - -
1971 - 14.2% - -
1970 - 14.1% - -
1969 - - - -
1968 23.6% - - -
1967 22.3% - - -
1966 20.5% - - -
1965 16.3% 14.9% - -
1964 15.4% 15.2% - -
1963 14.8% 12.4% - -
1962 15.6% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20).

GeoRank.org/economy/iran/lesotho | CC BY

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 34% in Iran and 56.8% in Lesotho, ranking 147/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Lesotho
1x
Year Deficit/surplus, % of GDP
Iran Lesotho
2024 -3.83% 9.04%
2023 -2.54% 7.31%
2022 -2.64% -6.41%
2021 -3.01% -4.95%
2020 -4.87% 1.18%
2019 -4.3% -5.72%
2018 -1.59% -4.41%
2017 -1.55% -2.02%
2016 -1.7% -9.43%
2015 -1.3% -1.38%
2014 -0.91% 3.16%
2013 -0.72% -2.58%
2012 -0.5% 4.56%
2011 -0.66% -9.85%
2010 -0.84% -1.49%
2009 -3.3% -4.16%
2008 -4.39% 8.1%
2007 -2.41% 10.8%
2006 -4.91% 11.6%
2005 -2.44% 4.46%
2004 -2.45% 6.05%
2003 -2.76% 0.89%
2002 -2.88% -2.44%
2001 0.02% -2.76%
2000 5.42% -0.95%
1999 -0.51% -15.3%
1998 -5.03% -11.8%
1997 -1.81% 0.27%
1996 -0.75% 2.11%
1995 -2.63% 5.13%
1994 -3.36% 5.69%
1993 -5.15% 7.55%
1992 -0.86% 4.65%
1991 -1.64% 9.74%
1990 -1.73% 8.78%
1989 -4.45% 3.88%
1988 -10.3% -1.87%
1987 -6.84% -2.85%
1986 -7.84% 0.87%
1985 -3.74% 1.68%
1984 -4.02% 4.82%
1983 -6.15% 1.85%
1982 -5.55% -2.03%
1981 -10.7% -
1980 -14.2% -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 -4.57% -
1967 -4% -
1966 -2.63% -
1965 -1.23% -
1964 -0.04% -
1963 0.26% -
1962 -1.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/iran/lesotho | CC BY

In 2024, Iran's government deficit, the difference between spending and revenue, was $18.2B, equivalent to 3.83% of GDP. This compares to Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 43 years, Iran recorded a fiscal deficit in 41 of those years, while Lesotho ran a deficit in 19 years. On average, Iran posted an annual deficit equal to 2.87% of GDP, compared to surplus of 0.74% of GDP for Lesotho.

Inflation comparison by year

Inflation
Iran

Lesotho
1x
Year Consumer prices inflation
Iran Lesotho
2024 32.5% 6.11%
2023 44.6% 6.34%
2022 43.5% 8.27%
2021 43.4% 6.05%
2020 30.6% 4.98%
2019 39.9% 5.19%
2018 18% 4.75%
2017 8.04% 4.45%
2016 7.25% 6.6%
2015 12.5% 3.22%
2014 16.6% 5.37%
2013 36.6% 4.87%
2012 27.3% 6.05%
2011 26.3% 5.04%
2010 10.1% -2.41%
2009 13.6% -16.9%
2008 25.4% 10.7%
2007 17.3% 8.01%
2006 10% 6.07%
2005 13.4% 3.44%
2004 14.8% 5.02%
2003 16.5% 6.63%
2002 14.3% 33.8%
2001 11.3% -9.62%
2000 14.5% 6.13%
1999 20.1% -
1998 17.9% -
1997 17.3% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/lesotho | CC BY

Over the past 25 years, Iran has recorded an average annual inflation rate of 21.9%, compared with 5.13% in Lesotho. In 2024, inflation was 32.5% in Iran and 6.11% in Lesotho.

Balance of trade

Iran Lesotho
Current account balance
$12.5B
2000
$89.2M
2024
Current account balance ranking
22/190
2000
68/190
2024
Current account balance, % of GDP
+11.4%
2000
+3.93%
2024
Goods imports
$15.2B
2000
$1.67B
2024
Goods exports
$28.3B
2000
$965M
2024
Service imports
$2.3B
2000
$415M
2024
Service exports
$1.38B
2000
$15.4M
2024
Imports of goods and services, % of GDP
28.5%
2024
98.6%
2023
Exports of goods and services, % of GDP
23.6%
2024
42.9%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Iran Lesotho
Economic freedom 41.8 54.9
Economic freedom ranking 185/197 130/197
Property rights 20.2 41.7
Government integrity 16.2 39.6
Judicial effectiveness 18.7 43.6
Tax burden 81.3 76.4
Government spending 94.7 21.3
Fiscal health 83.3 93.5
Business freedom 37.4 50.6
Labor freedom 41.8 57
Monetary freedom 42.2 74.8
Trade freedom 55.8 65.4
Investment freedom 5 55
Financial freedom 5 40

Economic freedom comparison by year

Iran
Lesotho
1x
Year Economic freedom index
Iran Lesotho
2026 41.8 54.9
2025 42.5 54.1
2024 41.2 51.9
2023 42.2 51.6
2022 42.4 48.1
2021 47.2 53.5
2020 49.2 54.5
2019 51.1 53.1
2018 50.9 53.9
2017 50.5 53.9
2016 43.5 50.6
2015 41.8 49.6
2014 40.3 49.5
2013 43.2 47.9
2012 42.3 46.6
2011 42.1 47.5
2010 43.4 48.1
2009 44.6 49.7
2008 45 52.1
2007 45 53.2
2006 45 54.7
2005 50.5 53.9
2004 42.8 50.3
2003 43.2 52
2002 36.4 48.9
2001 35.9 50.6
2000 36.1 48.4
1999 36.8 48.2
1998 36 48.4
1997 34.5 47.2
1996 36.1 47

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/iran/lesotho | CC BY

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran Lesotho
Services, % of GDP
49.8%
2024
48%
2024
Industry, % of GDP
36.1%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
6.5%
2024
GNI, Atlas method
$469B
2024
$2.75B
2024
GNI per capita, PPP
$19,820
2024
$3,580
2024
Total reserves including gold
$7.69B
1982
$1.01B
2024
Total reserves ranking
85/177
1982
142/177
2024
Net foreign direct investment
-$39M
2000
$12.6M
2024
Net inflows of foreign direct investment
$1.45B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$89.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
4.06%
2024
Poverty at national poverty lines
18.7%
2020
49.7%
2017
Gross capital formation, % of GDP
44.3%
2024
27.2%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/iran/lesotho | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.