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Economy of Iran vs Mauritius compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $437B compared to $15B for Mauritius, ranking 37/197 and 143/197 by economy size, respectively.

Iran has $161B in government debt (39.9% of GDP), compared to $13.7B (93.2% of GDP) in Mauritius.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Iran
GDP, current $

GDP, constant 2015 $
Mauritius
GDP, current $

GDP, constant 2015 $
Year GDP
Iran Mauritius
Current $ Constant $ Current $ Constant $
1960 $4,199,134,390 $50,350,548,203 $162,089,564 $956,645,875
1961 $4,426,949,095 $55,582,432,558 $191,757,729 $1,175,230,800
1962 $4,693,566,416 $59,978,596,071 $197,738,208 $1,184,708,882
1963 $4,928,628,018 $64,202,333,927 $253,839,558 $1,349,318,561
1964 $5,379,845,648 $69,643,628,269 $218,914,569 $1,256,357,354
1965 $6,197,319,929 $81,507,915,873 $230,024,161 $1,296,522,846
1966 $6,789,938,672 $90,883,288,326 $227,534,083 $1,250,260,258
1967 $7,555,383,690 $101,110,205,808 $238,439,291 $1,305,073,286
1968 $8,623,172,960 $115,674,304,557 $206,576,631 $1,215,158,229
1969 $9,743,089,607 $133,623,091,839 $221,553,613 $1,275,101,631
1970 $10,976,245,154 $148,224,891,000 $224,125,805 $1,269,971,348
1971 $13,731,802,833 $168,534,047,458 $251,437,338 $1,324,244,380
1972 $17,153,463,263 $192,969,825,710 $318,664,900 $1,434,770,611
1973 $27,081,698,250 $207,330,025,747 $404,285,775 $1,606,680,325
1974 $46,209,092,072 $219,357,345,963 $669,894,030 $1,748,258,203
1975 $51,776,222,350 $218,641,766,675 $673,311,287 $1,764,099,001
1976 $68,055,295,081 $258,566,705,735 $713,510,052 $2,183,115,628
1977 $80,600,122,702 $251,395,157,267 $834,722,972 $2,326,057,723
1978 $77,994,316,621 $219,113,865,436 $1,029,040,323 $2,415,164,484
1979 $90,391,877,326 $192,774,712,987 $1,227,446,632 $2,500,094,365
1980 $94,362,275,580 $151,136,050,943 $1,147,027,924 $2,248,553,408
1981 $100,499,312,750 $142,526,151,688 $1,157,769,444 $2,380,821,255
1982 $125,948,756,439 $175,551,236,248 $1,092,923,636 $2,511,696,807
1983 $156,365,156,618 $195,014,104,732 $1,104,956,573 $2,521,336,582
1984 $162,276,728,620 $181,090,389,202 $1,054,564,759 $2,639,798,700
1985 $180,183,629,600 $184,472,523,734 $1,090,611,325 $2,823,382,853
1986 $209,094,561,833 $166,422,061,469 $1,482,601,552 $3,098,437,751
1987 $134,009,995,923 $166,135,636,308 $1,906,174,438 $3,373,921,085
1988 $123,057,861,334 $156,031,272,523 $2,163,252,449 $3,603,055,765
1989 $120,496,362,916 $165,599,290,647 $2,211,312,823 $3,763,937,559
1990 $124,813,263,926 $188,112,392,401 $2,689,212,760 $4,034,441,844
1991 $131,637,664,958 $212,033,043,459 $2,895,354,736 $4,213,387,344
1992 $119,768,691,217 $219,025,854,895 $3,267,677,814 $4,487,792,562
1993 $63,743,623,231 $215,803,959,419 $3,307,302,126 $4,715,865,005
1994 $71,841,461,172 $212,138,990,732 $3,606,050,873 $4,910,919,919
1995 $96,419,225,745 $217,232,542,412 $4,094,741,652 $5,121,487,228
1996 $120,403,931,883 $231,027,951,541 $4,481,489,762 $5,407,667,941
1997 $113,919,163,421 $234,147,751,321 $4,243,755,308 $5,715,227,834
1998 $110,276,913,362 $239,018,052,132 $4,225,813,976 $6,062,253,049
1999 $113,848,450,089 $243,804,857,658 $4,402,193,195 $6,220,534,375
2000 $109,591,707,801 $258,056,537,600 $4,726,108,622 $6,730,791,856
2001 $126,878,750,296 $264,229,695,673 $4,675,755,867 $6,956,107,854
2002 $128,626,917,504 $285,576,361,692 $4,906,494,249 $7,068,443,338
2003 $151,911,222,120 $310,248,155,726 $5,894,873,920 $7,487,280,095
2004 $187,754,571,247 $323,702,581,959 $6,667,418,752 $7,811,480,810
2005 $224,970,371,329 $334,028,060,130 $6,576,108,447 $7,950,333,241
2006 $265,602,187,406 $350,728,779,278 $7,028,810,681 $8,337,160,252
2007 $349,736,591,836 $379,333,424,180 $8,150,150,209 $8,814,630,767
2008 $406,070,949,551 $380,285,006,931 $9,990,356,674 $9,289,471,624
2009 $414,059,094,950 $384,115,942,808 $9,128,843,109 $9,597,424,761
2010 $487,069,570,461 $406,386,748,156 $10,003,670,690 $10,017,523,547
2011 $629,082,257,472 $417,138,595,177 $11,518,413,430 $10,425,991,883
2012 $644,019,315,004 $401,507,697,046 $11,668,696,397 $10,790,496,900
2013 $500,399,839,840 $395,396,833,391 $12,292,974,141 $11,153,101,416
2014 $462,284,793,281 $415,106,476,158 $13,074,129,952 $11,579,927,241
2015 $409,191,686,497 $409,191,686,497 $12,007,291,046 $12,007,291,046
2016 $459,042,684,193 $445,262,288,195 $12,594,155,464 $12,471,068,852
2017 $489,168,731,811 $457,544,871,773 $13,713,506,131 $12,962,177,523
2018 $398,880,231,367 $449,135,162,389 $14,735,695,931 $13,481,538,349
2019 $333,519,146,339 $435,344,072,057 $14,436,346,980 $13,871,328,044
2020 $262,186,179,356 $449,842,285,446 $11,408,106,446 $11,853,530,019
2021 $383,436,202,447 $471,073,841,462 $11,484,348,858 $12,257,000,315
2022 $394,362,621,793 $488,864,564,083 $12,907,767,790 $13,322,509,534
2023 $404,625,655,076 $513,527,244,544 $14,101,195,733 $13,989,676,007
2024 $436,906,331,672 $529,138,474,367 $14,952,555,415 $14,646,337,855

Economic indicators

Iran Mauritius
Gross domestic product
$437B
2024
$15B
2024
GDP rank
37/197
2024
143/197
2024
GDP growth
7.98%
2023-2024
6.04%
2023-2024
GDP per capita
$4,771
2024
$11,872
2024
GDP per capita rank
122/197
2024
79/197
2024
GDP per capita, PPP
$18,442
2024
$31,051
2024
Government debt
$161B
2024
$13.7B
2024
Debt-to-GDP ratio
39.9%
2025
93.2%
2025
Government debt per person
$1,758
2024
$10,846
2024
Government debt per person rank
121/185
2024
54/185
2024
Average annual personal income after taxes
$2,970
2025
$7,323
2025
Market capitalization of domestic companies
$172B
2024
$9.12B
2024
Income share by richest 10%
28.2%
2023
29.9%
2017
Income share by poorest 10%
2.8%
2023
2.9%
2017
Government expenditure, % of GDP
15%
2025
31.9%
2025
Consumer prices inflation
32.5%
2023-2024
3.6%
2023-2024
Central bank interest rate
23%
2023
4.5%
2025
Unemployment rate
8.13%
2023
5.57%
2023
Population
93020793
1256649

GDP per capita in Iran vs Mauritius

Iran's GDP per capita is $4,771, ranking 122/197, compared to $11,872 in Mauritius, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 101st at $18,442, while Mauritius ranks 70th at $31,051.

Iran
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
Year Current $
Iran Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $195.6 - $238.3 -
1961 $200.1 - $281.7 -
1962 $205.8 - $282.3 -
1963 $209.6 - $353 -
1964 $221.7 - $297.3 -
1965 $247.5 - $305 -
1966 $262.9 - $296 -
1967 $283.7 - $304 -
1968 $314 - $258.7 -
1969 $345 - $272.7 -
1970 $377 - $271.3 -
1971 $457 - $299.6 -
1972 $555 - $374 -
1973 $851 - $467 -
1974 $1,409 - $763 -
1975 $1,532 - $755 -
1976 $1,954 - $787 -
1977 $2,243 - $906 -
1978 $2,101 - $1,102 -
1979 $2,352 - $1,292 -
1980 $2,368 - $1,187 -
1981 $2,393 - $1,181 -
1982 $2,845 - $1,101 -
1983 $3,397 - $1,103 -
1984 $3,395 - $1,042 -
1985 $3,634 - $1,069 -
1986 $4,064 - $1,442 -
1987 $2,513 - $1,840 -
1988 $2,234 - $2,074 -
1989 $2,125 - $2,103 -
1990 $2,138 $7,256 $2,540 $5,008
1991 $2,194 $8,229 $2,705 $5,349
1992 $1,957 $8,524 $3,013 $5,751
1993 $1,038 $8,567 $3,014 $6,114
1994 $1,168 $8,585 $3,240 $6,412
1995 $1,550 $8,877 $3,648 $6,769
1996 $1,915 $9,510 $3,952 $7,204
1997 $1,790 $9,688 $3,696 $7,648
1998 $1,709 $9,864 $3,642 $8,118
1999 $1,740 $10,060 $3,746 $8,341
2000 $1,650 $10,729 $3,982 $9,140
2001 $1,881 $11,061 $3,909 $9,582
2002 $1,891 $12,041 $4,073 $9,820
2003 $2,209 $13,192 $4,858 $10,531
2004 $2,672 $13,835 $5,461 $11,212
2005 $3,132 $14,402 $5,354 $11,699
2006 $3,619 $15,256 $5,696 $12,588
2007 $4,688 $16,673 $6,575 $13,607
2008 $5,377 $16,831 $8,030 $14,564
2009 $5,416 $16,894 $7,318 $15,099
2010 $6,291 $17,866 $8,000 $15,914
2011 $8,026 $18,487 $9,197 $16,877
2012 $8,114 $16,325 $9,291 $17,250
2013 $6,223 $15,552 $9,765 $18,225
2014 $5,672 $15,408 $10,366 $19,066
2015 $4,953 $13,690 $9,508 $20,011
2016 $5,477 $14,573 $9,966 $21,670
2017 $5,753 $15,070 $10,842 $22,596
2018 $4,632 $14,840 $11,643 $23,068
2019 $3,831 $13,348 $11,403 $24,027
2020 $2,989 $14,110 $9,011 $21,326
2021 $4,335 $14,952 $9,069 $22,738
2022 $4,405 $16,424 $10,224 $26,556
2023 $4,466 $17,660 $11,182 $28,923
2024 $4,771 $18,442 $11,872 $31,051

Spending and national debt comparison

In 2024, Iran's government spending was $64.6B, accounting for 15% of its GDP, while Mauritius' spent $5.04B, or 31.9% of GDP.

Debt-to-GDP ratio is 39.9% in Iran and 93.2% in Mauritius, ranking 135/185 and 28/185, respectively.

Iran
Government spending

Government debt
Mauritius
Government spending

Government debt
Year % of GDP
Iran Mauritius
Government spending Government debt Government spending Government debt
1962 15.6% 13.4% - -
1963 14.8% 12.4% - -
1964 15.4% 15.2% - -
1965 16.3% 14.9% - -
1966 20.5% - - -
1967 22.3% - - -
1968 23.6% - - -
1969 - - - -
1970 - 14.1% - -
1971 - 14.2% - -
1972 - 12.7% - -
1973 - 12.8% - -
1974 - 6.68% - -
1975 - 8.81% - -
1976 - 6.92% - -
1977 - 9.23% - -
1978 - - - -
1979 - - - -
1980 35.8% 35.5% - -
1981 33.7% 47.6% - -
1982 29.7% 47.7% - -
1983 27.5% 35.7% - -
1984 23.7% 10% - -
1985 21.6% 8.73% - -
1986 19% 47.4% - -
1987 18.6% 48.6% - -
1988 23.6% 53.2% - -
1989 20% 48.8% - -
1990 20% 37% 30.2% -
1991 17.1% 29.3% 27.2% -
1992 17.6% 25.2% 26.8% -
1993 33.2% 25.6% 24.5% -
1994 28.1% 41.7% 27.5% -
1995 25.6% 31.2% 27.3% -
1996 21.1% 35.8% 27.4% -
1997 21.2% 37.7% 27.5% -
1998 20.6% 36.2% 26.6% -
1999 19.2% 27.1% 27.5% -
2000 16.3% 22.2% 22.2% 59.7%
2001 16.6% 25.6% 22.4% 60.5%
2002 19.1% 28.5% 23.3% 66.7%
2003 19.1% 26.8% 23.4% 70.8%
2004 18.4% 25.7% 22.6% 61.1%
2005 21.7% 22.2% 23% 61.7%
2006 22.4% 18.2% 22.2% 59.3%
2007 17% 16.1% 21.5% 51.6%
2008 19.7% 12.4% 22.7% 49.4%
2009 18.1% 13.3% 25.2% 58.4%
2010 16.3% 14.8% 24% 56.4%
2011 16.9% 12.3% 23.7% 56.5%
2012 13.2% 13.6% 22.5% 55.9%
2013 13.3% 11.8% 24.1% 58.2%
2014 14.2% 12.6% 23% 60.6%
2015 16.3% 37% 24.5% 65%
2016 17% 47.9% 24% 64.3%
2017 17.1% 45% 24.3% 63%
2018 15.3% 42.9% 24.3% 64.1%
2019 14.1% 46.6% 27.8% 74.6%
2020 13% 48.3% 32.6% 93.4%
2021 14.2% 42.4% 30.8% 93.8%
2022 13.8% 36.9% 29.3% 86.9%
2023 14.8% 33.5% 29.9% 85.6%
2024 14.8% 36.8% 33.7% 91.4%
2025 15% 39.9% 31.9% 93.2%

Government deficit by year

In 2024, Iran's government deficit, the difference between spending and revenue, was -$18B, equivalent to -4.11% of GDP. This compares to Mauritius' deficit of -$1.06B, or -7.11% of GDP.

Over the past 25 years, Iran recorded a fiscal deficit in 23 of those years, while Mauritius ran a deficit in 25 years. On average, Iran posted an annual deficit equal to -2.33% of GDP, compared to deficit of -4.18% of GDP for Mauritius.

Deficit/surplus
Iran

Mauritius
Year Deficit/surplus, % of GDP
Iran Mauritius
1962 -1.39% -
1963 0.26% -
1964 -0.04% -
1965 -1.23% -
1966 -2.63% -
1967 -4% -
1968 -4.57% -
1969 -4.57% -
1970 -4.57% -
1971 -4.57% -
1972 -4.57% -
1973 -4.57% -
1974 -4.57% -
1975 -4.57% -
1976 -4.57% -
1977 -4.57% -
1978 -4.57% -
1979 -4.57% -
1980 -14.2% -
1981 -10.7% -
1982 -5.55% -
1983 -6.15% -
1984 -4.02% -
1985 -3.74% -
1986 -7.84% -
1987 -6.84% -
1988 -10.3% -
1989 -4.45% -
1990 -2.11% -
1991 -2.01% -
1992 -1.05% -
1993 -6.28% -
1994 -4.1% -
1995 -3.21% -
1996 -0.91% -
1997 -2.21% -
1998 -6.14% -
1999 -0.62% -
2000 6.61% -4.4%
2001 0.02% -5.53%
2002 -3.52% -5.18%
2003 -3.36% -4.82%
2004 -2.98% -4.34%
2005 -2.95% -4.44%
2006 -5.88% -4.14%
2007 -2.87% -3.09%
2008 -5.14% -2.66%
2009 -3.82% -3.41%
2010 -0.97% -3.07%
2011 -0.76% -3.09%
2012 -0.58% -1.78%
2013 -0.83% -3.4%
2014 -1.05% -3.13%
2015 -1.5% -3.59%
2016 -1.77% -2.81%
2017 -1.61% -1.66%
2018 -1.64% -2.19%
2019 -4.48% -7.53%
2020 -5.22% -10.6%
2021 -3.2% -4.44%
2022 -2.83% -3.31%
2023 -3.82% -4.71%
2024 -4.11% -7.11%
2025 -5.47% -3.75%

Inflation comparison by year

Over the past 29 years, Iran has recorded an average annual inflation rate of 21.8%, compared with 4.98% in Mauritius. In 2024, inflation was 32.5% in Iran and 3.6% in Mauritius.

Inflation
Iran

Mauritius
Year Inflation
Iran Mauritius Iran Mauritius
1996 28.9% 6.55%
1997 17.3% 6.83%
1998 17.9% 6.81%
1999 20.1% 6.91%
2000 14.5% 4.2%
2001 11.3% 5.39%
2002 14.3% 6.42%
2003 16.5% 3.92%
2004 14.8% 4.71%
2005 13.4% 4.94%
2006 10% 8.91%
2007 17.3% 8.83%
2008 25.4% 9.73%
2009 13.6% 2.52%
2010 10.1% 2.93%
2011 26.3% 6.52%
2012 27.3% 3.85%
2013 36.6% 3.54%
2014 16.6% 3.22%
2015 12.5% 1.29%
2016 7.25% 0.98%
2017 8.04% 3.67%
2018 18% 3.22%
2019 39.9% 0.41%
2020 30.6% 2.58%
2021 43.4% 4.03%
2022 43.5% 10.8%
2023 44.6% 7.05%
2024 32.5% 3.6%

Top exports between countries

Iran
Export category Export value
Raw agricultural goods $206K
Chemicals & pharma $48K
Processed food, beverages & tobacco $21K
Textiles & consumer goods $4K
Metals $1K
Mauritius
Export category Export value
Machinery & equipment $200K

Balance of trade

Iran Mauritius
Current account balance
$12.5B
2000
-$1.05B
2024
Current account balance ranking
23/189
2000
125/189
2024
Current account balance, % of GDP
+11.4%
2000
-7.02%
2024
Goods imports
$15.2B
2000
$6.35B
2024
Goods exports
$28.3B
2000
$2.37B
2024
Service imports
$2.3B
2000
$2.28B
2024
Service exports
$1.38B
2000
$4.19B
2024
Imports of goods and services, % of GDP
26.8%
2024
57.8%
2024
Exports of goods and services, % of GDP
22.9%
2024
46.2%
2024

Economic freedom indices

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

Iran Mauritius
Economic freedom 42.5 75
Economic freedom ranking 185/197 18/197
Property rights 23.3 86.4
Government integrity 16.3 53.2
Judicial effectiveness 18.6 81
Tax burden 81.3 89.8
Government spending 94 77.1
Fiscal health 84.1 64.9
Business freedom 38.4 82.9
Labor freedom 43.6 69.3
Monetary freedom 39 67.4
Trade freedom 55.8 87.4
Investment freedom 5 70
Financial freedom 10 70

Economic freedom by year comparison

The Economic Freedom Index for Iran is 42.5, ranking 185/197, compared to 75 for Mauritius, ranking 18/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Iran
Mauritius
Year Economic freedom index
Iran Mauritius
1996 36.1 -
1997 34.5 -
1998 36 -
1999 36.8 68.5
2000 36.1 67.2
2001 35.9 66.4
2002 36.4 67.7
2003 43.2 64.4
2004 42.8 64.3
2005 50.5 67.2
2006 45 67.4
2007 45 69.4
2008 45 72.6
2009 44.6 74.3
2010 43.4 76.3
2011 42.1 76.2
2012 42.3 77
2013 43.2 76.9
2014 40.3 76.5
2015 41.8 76.4
2016 43.5 74.7
2017 50.5 74.7
2018 50.9 75.1
2019 51.1 73
2020 49.2 74.9
2021 47.2 77
2022 42.4 70.9
2023 42.2 70.6
2024 41.2 71.5
2025 42.5 75

More economic indicators

Iran Mauritius
Services, % of GDP
47.9%
2024
64.4%
2024
Industry, % of GDP
36.4%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
13%
2024
4.26%
2024
GNI, Atlas method
$426B
2024
$16.2B
2024
GNI per capita, PPP
$18,420
2024
$34,340
2024
Total reserves including gold
$7.69B
1982
$8.51B
2024
Total reserves ranking
85/177
1982
83/177
2024
Net foreign direct investment
-$39M
2000
$963M
2024
Net inflows of foreign direct investment
$1.45B
2024
$681M
2024
Net outflows of foreign direct investment
$89.4M
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
0.09%
2023
12.6%
2023
Poverty at national poverty lines
18.7%
2020
8.4%
2023
Gross capital formation, % of GDP
40%
2024
21.2%
2024

GDP per capita map

GDP per capita

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Economy comparisons

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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.