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Economy of Iran vs Lithuania compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $84.9B for Lithuania, ranking 34/197 and 79/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Iran vs Lithuania GDP by year

Iran
Lithuania
1x
Year GDP, current $
Iran Lithuania
2024 $475,252,089,215 $84,869,215,513
2023 $457,510,482,317 $79,789,877,416
2022 $422,662,261,526 $71,033,884,500
2021 $407,350,685,583 $67,037,321,009
2020 $280,934,329,280 $57,412,038,533
2019 $347,988,400,958 $55,122,066,226
2018 $411,903,303,606 $54,261,795,149
2017 $510,239,893,418 $47,756,764,508
2016 $478,618,064,871 $42,970,749,245
2015 $409,191,686,497 $41,540,954,817
2014 $462,284,793,281 $48,306,546,657
2013 $500,399,839,840 $46,303,660,422
2012 $644,019,315,004 $42,709,372,067
2011 $629,082,257,472 $43,186,501,863
2010 $487,069,570,464 $36,638,128,534
2009 $414,059,094,949 $37,494,380,039
2008 $406,070,949,554 $47,831,254,208
2007 $349,736,591,832 $39,729,151,615
2006 $265,602,187,404 $30,116,192,747
2005 $224,970,371,325 $26,105,207,115
2004 $187,754,571,248 $22,743,164,431
2003 $151,911,222,119 $18,809,197,970
2002 $128,626,917,504 $14,282,292,665
2001 $126,878,750,296 $12,260,761,329
2000 $109,591,707,802 $11,550,695,727
1999 $113,848,450,088 $11,022,095,814
1998 $110,276,913,363 $11,289,161,847
1997 $113,919,163,421 $10,168,271,903
1996 $120,403,931,885 $8,430,207,164
1995 $96,419,225,744 $7,921,210,340
1994 $71,841,461,173 -
1993 $63,743,623,232 -
1992 $119,768,691,217 -
1991 $131,637,664,958 -
1990 $124,813,263,926 -
1989 $120,496,362,916 -
1988 $123,057,861,334 -
1987 $134,009,995,923 -
1986 $209,094,561,833 -
1985 $180,183,629,600 -
1984 $162,276,728,620 -
1983 $156,365,156,618 -
1982 $125,948,756,439 -
1981 $100,499,312,750 -
1980 $94,362,275,580 -
1979 $90,391,877,326 -
1978 $77,994,316,621 -
1977 $80,600,122,702 -
1976 $68,055,295,081 -
1975 $51,776,222,350 -
1974 $46,209,092,072 -
1973 $27,081,698,250 -
1972 $17,153,463,263 -
1971 $13,731,802,833 -
1970 $10,976,245,154 -
1969 $9,743,089,607 -
1968 $8,623,172,960 -
1967 $7,555,383,690 -
1966 $6,789,938,672 -
1965 $6,197,319,929 -
1964 $5,379,845,648 -
1963 $4,928,628,018 -
1962 $4,693,566,416 -
1961 $4,426,949,095 -
1960 $4,199,134,390 -

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

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

GDP per capita in Iran vs Lithuania by year

Iran
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $29,384 $55,286
2023 $5,049 $18,917 $27,786 $52,348
2022 $4,721 $17,546 $25,086 $50,936
2021 $4,605 $15,884 $23,870 $45,874
2020 $3,203 $15,119 $20,429 $41,263
2019 $3,997 $13,928 $19,609 $40,564
2018 $4,783 $15,324 $19,247 $36,492
2017 $6,001 $15,719 $16,800 $31,305
2016 $5,711 $15,195 $14,934 $28,699
2015 $4,953 $14,274 $14,270 $26,949
2014 $5,672 $16,065 $16,446 $26,275
2013 $6,223 $16,215 $15,637 $24,890
2012 $8,114 $17,021 $14,288 $23,275
2011 $8,026 $19,275 $14,262 $21,558
2010 $6,291 $18,628 $11,829 $18,719
2009 $5,416 $17,615 $11,854 $17,055
2008 $5,377 $17,549 $14,956 $19,410
2007 $4,688 $17,384 $12,295 $17,969
2006 $3,619 $15,907 $9,210 $15,522
2005 $3,132 $15,016 $7,857 $13,951
2004 $2,672 $14,425 $6,735 $12,605
2003 $2,209 $13,755 $5,507 $11,660
2002 $1,891 $12,554 $4,148 $10,296
2001 $1,881 $11,533 $3,533 $9,399
2000 $1,650 $11,187 $3,301 $8,475
1999 $1,740 $10,489 $3,128 $7,918
1998 $1,709 $10,285 $3,181 $7,846
1997 $1,790 $10,101 $2,844 $7,167
1996 $1,915 $9,916 $2,341 $6,479
1995 $1,550 $9,255 $2,183 $6,023
1994 $1,168 $8,951 - $5,667
1993 $1,038 $8,933 - $6,107
1992 $1,957 $8,888 - $7,087
1991 $2,194 $8,580 - $8,790
1990 $2,138 $7,566 - $9,030
1989 $2,125 - - -
1988 $2,234 - - -
1987 $2,513 - - -
1986 $4,064 - - -
1985 $3,634 - - -
1984 $3,395 - - -
1983 $3,397 - - -
1982 $2,845 - - -
1981 $2,393 - - -
1980 $2,368 - - -
1979 $2,352 - - -
1978 $2,101 - - -
1977 $2,243 - - -
1976 $1,954 - - -
1975 $1,532 - - -
1974 $1,409 - - -
1973 $851 - - -
1972 $555 - - -
1971 $457 - - -
1970 $377 - - -
1969 $345 - - -
1968 $314 - - -
1967 $283.7 - - -
1966 $262.9 - - -
1965 $247.5 - - -
1964 $221.7 - - -
1963 $209.6 - - -
1962 $205.8 - - -
1961 $200.1 - - -
1960 $195.6 - - -

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

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

Iran's GDP per capita is $5,190, ranking 119/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Lithuania ranks 39th at $55,286.

Economic indicators

Iran Lithuania
Gross domestic product
$475B
2024
$84.9B
2024
GDP rank
34/197
2024
79/197
2024
GDP growth
3.66%
2023-2024
2.77%
2023-2024
GDP per capita
$5,190
2024
$29,384
2024
GDP per capita rank
119/197
2024
43/197
2024
GDP per capita, PPP
$19,874
2024
$55,286
2024
GDP per capita PPP rank
97/197
2024
39/197
2024
Government debt
$162B
2024
$32.4B
2024
Debt-to-GDP ratio
34%
2024
38.2%
2024
Government debt per person
$1,764
2024
$11,232
2024
Government debt per person rank
122/185
2024
49/185
2024
Average annual personal income after taxes
$2,964
2026
$19,946
2026
Market capitalization of domestic companies
$172B
2024
n/a
Income share by richest 10%
28.2%
2023
27.3%
2023
Income share by poorest 10%
2.8%
2023
2.2%
2023
Government expenditure, % of GDP
14.2%
2024
39.5%
2024
Consumer prices inflation
32.5%
2023-2024
0.72%
2023-2024
Central bank interest rate
23%
2023
n/a
Unemployment rate
7.63%
2024
7.1%
2024
Population
93468444
2829914

Spending and national debt comparison by year

Iran
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Iran Lithuania
Government spending Government debt Government spending Government debt
2024 14.2% 34% 39.5% 38.2%
2023 12.8% 29.6% 37.4% 37.3%
2022 12.8% 34.5% 36.3% 38.1%
2021 13.4% 39.9% 37.3% 43.3%
2020 12.1% 47.1% 42.4% 45.9%
2019 13.6% 44.6% 34.6% 35.6%
2018 14.8% 41.6% 33.8% 33.3%
2017 16.4% 43.2% 33.4% 39.3%
2016 16.3% 45.9% 34.5% 40%
2015 14.1% 32.1% 35.2% 42.6%
2014 12.3% 10.9% 35% 40.7%
2013 11.5% 10.2% 35.7% 38.9%
2012 11.4% 11.7% 36.6% 39.9%
2011 14.6% 10.6% 40.1% 37.5%
2010 14.1% 12.8% 43% 36.7%
2009 15.7% 11.5% 44.8% 27.9%
2008 16.8% 10.6% 38.2% 14.6%
2007 14.2% 13.5% 35.3% 15.9%
2006 18.7% 15.2% 34.4% 17.3%
2005 17.9% 18.3% 34.1% 17.6%
2004 15.1% 21.1% 33.9% 18.6%
2003 15.7% 21.9% 32.8% 20.4%
2002 15.6% 23.4% 34.4% 22.1%
2001 13.6% 21% 36.5% 22.9%
2000 13.3% 18.2% 38.7% 23.5%
1999 15.7% 22.2% 42.4% 28%
1998 16.9% 29.6% 39.6% 21.7%
1997 17.4% 30.9% 35% -
1996 17.3% 29.3% 34.4% -
1995 21% 31.2% 35.5% -
1994 23% 41.7% - -
1993 27.2% 25.6% - -
1992 14.4% 25.2% - -
1991 14% 29.3% - -
1990 16.4% 37% - -
1989 20% 48.8% - -
1988 23.6% 53.2% - -
1987 18.6% 48.6% - -
1986 19% 47.4% - -
1985 21.6% 8.73% - -
1984 23.7% 10% - -
1983 27.5% 35.7% - -
1982 29.7% 47.7% - -
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/lithuania | CC BY

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 34% in Iran and 38.2% in Lithuania, ranking 147/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Lithuania
1x
Year Deficit/surplus, % of GDP
Iran Lithuania
2024 -3.83% -1.28%
2023 -2.54% -0.69%
2022 -2.64% -0.72%
2021 -3.01% -1.15%
2020 -4.87% -6.42%
2019 -4.3% 0.41%
2018 -1.59% 0.52%
2017 -1.55% 0.36%
2016 -1.7% 0.03%
2015 -1.3% -0.77%
2014 -0.91% -1.79%
2013 -0.72% -2.69%
2012 -0.5% -3.15%
2011 -0.66% -5.92%
2010 -0.84% -6.95%
2009 -3.3% -9.09%
2008 -4.39% -3.09%
2007 -2.41% -0.82%
2006 -4.91% -0.27%
2005 -2.44% -0.34%
2004 -2.45% -1.39%
2003 -2.76% -1.26%
2002 -2.88% -1.85%
2001 0.02% -3.52%
2000 5.42% -3.18%
1999 -0.51% -7.82%
1998 -5.03% -4.93%
1997 -1.81% -0.76%
1996 -0.75% -3.59%
1995 -2.63% -3.31%
1994 -3.36% -
1993 -5.15% -
1992 -0.86% -
1991 -1.64% -
1990 -1.73% -
1989 -4.45% -
1988 -10.3% -
1987 -6.84% -
1986 -7.84% -
1985 -3.74% -
1984 -4.02% -
1983 -6.15% -
1982 -5.55% -
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/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Iran recorded a fiscal deficit in 28 of those years, while Lithuania ran a deficit in 26 years. On average, Iran posted an annual deficit equal to 2.06% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Iran

Lithuania
1x
Year Consumer prices inflation
Iran Lithuania
2024 32.5% 0.72%
2023 44.6% 9.12%
2022 43.5% 19.7%
2021 43.4% 4.68%
2020 30.6% 1.2%
2019 39.9% 2.33%
2018 18% 2.7%
2017 8.04% 3.72%
2016 7.25% 0.91%
2015 12.5% -0.88%
2014 16.6% 0.1%
2013 36.6% 1.05%
2012 27.3% 3.09%
2011 26.3% 4.13%
2010 10.1% 1.32%
2009 13.6% 4.45%
2008 25.4% 10.9%
2007 17.3% 5.74%
2006 10% 3.74%
2005 13.4% 2.66%
2004 14.8% 1.16%
2003 16.5% -1.13%
2002 14.3% 0.28%
2001 11.3% 1.37%
2000 14.5% 0.98%
1999 20.1% 0.73%
1998 17.9% 5.07%
1997 17.3% 8.88%

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

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

Over the past 28 years, Iran has recorded an average annual inflation rate of 21.6%, compared with 3.53% in Lithuania. In 2024, inflation was 32.5% in Iran and 0.72% in Lithuania.

Top exports between countries

Iran
Export category Export value
Raw agricultural goods $609K
Textiles & consumer goods $127K
Chemicals & pharma $63K
Metals $20K
Raw materials & minerals $11K
Processed food, beverages & tobacco $4K
Lithuania
Export category Export value
Chemicals & pharma $1.23M
Machinery & equipment $750K
Processed food, beverages & tobacco $216K
Textiles & consumer goods $62K
Raw materials & minerals $55K
Wood & paper products $49K
Metals $16K
Raw agricultural goods $15K
Precious metals & jewellery $5K

Balance of trade

Iran Lithuania
Current account balance
$12.5B
2000
$2.77B
2024
Current account balance ranking
22/190
2000
41/190
2024
Current account balance, % of GDP
+11.4%
2000
+3.27%
2024
Goods imports
$15.2B
2000
$43.8B
2024
Goods exports
$28.3B
2000
$38.9B
2024
Service imports
$2.3B
2000
$14.7B
2024
Service exports
$1.38B
2000
$24.3B
2024
Imports of goods and services, % of GDP
28.5%
2024
68.9%
2024
Exports of goods and services, % of GDP
23.6%
2024
74.1%
2024

Economic freedom indices

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

Iran Lithuania
Economic freedom 41.8 75.3
Economic freedom ranking 185/197 18/197
Property rights 20.2 91.8
Government integrity 16.2 71.4
Judicial effectiveness 18.7 73.2
Tax burden 81.3 76.2
Government spending 94.7 57.3
Fiscal health 83.3 95.8
Business freedom 37.4 84.2
Labor freedom 41.8 58.1
Monetary freedom 42.2 76.7
Trade freedom 55.8 79.4
Investment freedom 5 70
Financial freedom 5 70

Economic freedom comparison by year

Iran
Lithuania
1x
Year Economic freedom index
Iran Lithuania
2026 41.8 75.3
2025 42.5 74.6
2024 41.2 72.9
2023 42.2 72.2
2022 42.4 75.8
2021 47.2 76.9
2020 49.2 76.7
2019 51.1 74.2
2018 50.9 75.3
2017 50.5 75.8
2016 43.5 75.2
2015 41.8 74.7
2014 40.3 73
2013 43.2 72.1
2012 42.3 71.5
2011 42.1 71.3
2010 43.4 70.3
2009 44.6 70
2008 45 70.9
2007 45 71.5
2006 45 71.8
2005 50.5 70.5
2004 42.8 72.4
2003 43.2 69.7
2002 36.4 66.1
2001 35.9 65.5
2000 36.1 61.9
1999 36.8 61.5
1998 36 59.4
1997 34.5 57.3
1996 36.1 49.7

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

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran Lithuania
Services, % of GDP
49.8%
2024
63.6%
2024
Industry, % of GDP
36.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
2.57%
2024
GNI, Atlas method
$469B
2024
$78.4B
2024
GNI per capita, PPP
$19,820
2024
$53,920
2024
Total reserves including gold
$7.69B
1982
$7.41B
2024
Total reserves ranking
85/177
1982
86/177
2024
Net foreign direct investment
-$39M
2000
-$3.91B
2024
Net inflows of foreign direct investment
$1.45B
2024
$4.7B
2024
Net outflows of foreign direct investment
$89.4M
2024
$795M
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
n/a
Poverty at national poverty lines
18.7%
2020
20.9%
2021
Gross capital formation, % of GDP
44.3%
2024
20.4%
2024

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/lithuania | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.