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Economy of Iran vs Nicaragua compared: GDP & Debt

Updated on by Georank

Iran has a GDP of $363B compared to $22.2B for Nicaragua, ranking 44/197 and 128/197 by economy size, respectively.

Iran has $135B in government debt (37.3% of GDP), compared to $7.74B (34.8% of GDP) in Nicaragua.

Iran vs Nicaragua GDP by year

Iran
Nicaragua
1x
Year GDP, current $
Iran Nicaragua
2025 $362,682,115,433 $22,237,167,113
2024 $475,252,089,215 $19,696,311,850
2023 $457,510,482,317 $17,805,842,221
2022 $422,662,261,526 $15,634,573,556
2021 $407,350,685,583 $14,209,019,392
2020 $280,934,329,280 $12,726,422,432
2019 $347,988,400,958 $12,699,023,614
2018 $411,903,303,606 $13,025,221,974
2017 $510,239,893,418 $13,785,893,007
2016 $478,618,064,871 $13,286,093,388
2015 $409,191,686,497 $12,756,696,261
2014 $462,284,793,281 $11,880,438,824
2013 $500,399,839,840 $10,982,988,249
2012 $644,019,315,004 $10,532,017,232
2011 $629,082,257,472 $9,774,329,333
2010 $487,069,570,464 $8,758,602,233
2009 $414,059,094,949 $8,298,702,489
2008 $406,070,949,554 $8,496,967,597
2007 $349,736,591,832 $7,423,375,015
2006 $265,602,187,404 $6,763,672,381
2005 $224,970,371,325 $6,321,324,279
2004 $187,754,571,248 $5,792,932,838
2003 $151,911,222,119 $5,322,228,351
2002 $128,626,917,504 $5,223,727,303
2001 $126,878,750,296 $5,351,752,034
2000 $109,591,707,802 $5,109,587,050
1999 $113,848,450,088 $4,856,026,259
1998 $110,276,913,363 $4,635,347,386
1997 $113,919,163,421 $4,389,973,490
1996 $120,403,931,885 $4,308,351,903
1995 $96,419,225,744 $4,140,470,000
1994 $71,841,461,173 $3,863,185,119
1993 $63,743,623,232 $1,756,454,248
1992 $119,768,691,217 $1,792,800,000
1991 $131,637,664,958 $1,488,804,124
1990 $124,813,263,926 $1,009,455,484
1989 $120,496,362,916 $1,013,184,756
1988 $123,057,861,334 $2,630,900,096
1987 $134,009,995,923 $3,851,200,118
1986 $209,094,561,833 $2,885,799,994
1985 $180,183,629,600 $2,683,699,935
1984 $162,276,728,620 $3,117,599,872
1983 $156,365,156,618 $2,753,100,058
1982 $125,948,756,439 $2,454,499,872
1981 $100,499,312,750 $2,474,700,227
1980 $94,362,275,580 $2,144,300,006
1979 $90,391,877,326 $1,567,599,982
1978 $77,994,316,621 $2,127,699,979
1977 $80,600,122,702 $2,226,999,874
1976 $68,055,295,081 $1,836,899,999
1975 $51,776,222,350 $1,581,599,959
1974 $46,209,092,072 $1,521,400,012
1973 $27,081,698,250 $1,092,900,015
1972 $17,153,463,263 $878,570,045
1971 $13,731,802,833 $828,569,953
1970 $10,976,245,154 $778,569,939
1969 $9,743,089,607 $750,000,003
1968 $8,623,172,960 $692,859,985
1967 $7,555,383,690 $657,140,011
1966 $6,789,938,672 $607,140,010
1965 $6,197,319,929 $564,290,020
1964 $5,379,845,648 $347,119,918
1963 $4,928,628,018 $297,324,163
1962 $4,693,566,416 $269,283,804
1961 $4,426,949,095 $244,144,237
1960 $4,199,134,390 $227,223,322

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Iran vs Nicaragua by year

Iran
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,924 - $3,173 -
2024 $5,190 $19,874 $2,848 $8,709
2023 $5,049 $18,917 $2,609 $8,320
2022 $4,721 $17,546 $2,323 $7,797
2021 $4,605 $15,884 $2,138 $7,119
2020 $3,203 $15,119 $1,938 $6,274
2019 $3,997 $13,928 $1,959 $5,981
2018 $4,783 $15,324 $2,035 $5,935
2017 $6,001 $15,719 $2,183 $6,225
2016 $5,711 $15,195 $2,132 $5,882
2015 $4,953 $14,274 $2,074 $5,449
2014 $5,672 $16,065 $1,958 $5,068
2013 $6,223 $16,215 $1,835 $4,711
2012 $8,114 $17,021 $1,785 $4,508
2011 $8,026 $19,275 $1,680 $4,325
2010 $6,291 $18,628 $1,527 $4,042
2009 $5,416 $17,615 $1,467 $3,880
2008 $5,377 $17,549 $1,524 $4,044
2007 $4,688 $17,384 $1,350 $3,891
2006 $3,619 $15,907 $1,248 $3,658
2005 $3,132 $15,016 $1,183 $3,456
2004 $2,672 $14,425 $1,099 $3,255
2003 $2,209 $13,755 $1,021 $3,046
2002 $1,891 $12,554 $1,014 $2,948
2001 $1,881 $11,533 $1,052 $2,917
2000 $1,650 $11,187 $1,017 $2,806
1999 $1,740 $10,489 $980 $2,672
1998 $1,709 $10,285 $949 $2,497
1997 $1,790 $10,101 $913 $2,418
1996 $1,915 $9,916 $911 $2,325
1995 $1,550 $9,255 $892 $2,187
1994 $1,168 $8,951 $849 $2,064
1993 $1,038 $8,933 $394 $1,998
1992 $1,957 $8,888 $411 $2,003
1991 $2,194 $8,580 $350 $1,995
1990 $2,138 $7,566 $242.5 $1,979
1989 $2,125 - $249.2 -
1988 $2,234 - $662 -
1987 $2,513 - $992 -
1986 $4,064 - $761 -
1985 $3,634 - $724 -
1984 $3,395 - $861 -
1983 $3,397 - $780 -
1982 $2,845 - $714 -
1981 $2,393 - $740 -
1980 $2,368 - $659 -
1979 $2,352 - $495 -
1978 $2,101 - $691 -
1977 $2,243 - $744 -
1976 $1,954 - $633 -
1975 $1,532 - $561 -
1974 $1,409 - $557 -
1973 $851 - $413 -
1972 $555 - $341 -
1971 $457 - $331 -
1970 $377 - $321 -
1969 $345 - $319 -
1968 $314 - $304 -
1967 $283.7 - $297.9 -
1966 $262.9 - $284 -
1965 $247.5 - $272.3 -
1964 $221.7 - $172.7 -
1963 $209.6 - $152.5 -
1962 $205.8 - $142.3 -
1961 $200.1 - $132.9 -
1960 $195.6 - $127.5 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Iran's GDP per capita is $3,924, ranking 135/197, compared to $3,173 in Nicaragua, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Nicaragua ranks 138th at $8,709.

Economic indicators

Iran Nicaragua
Gross domestic product
$363B
2025
$22.2B
2025
GDP rank
44/197
2025
128/197
2025
GDP growth
-2.83%
2024-2025
4.92%
2024-2025
GDP per capita
$3,924
2025
$3,173
2025
GDP per capita rank
135/197
2025
140/197
2025
GDP per capita, PPP
$19,874
2024
$8,709
2024
GDP per capita PPP rank
97/197
2024
138/197
2024
Government debt
$135B
2025
$7.74B
2025
Debt-to-GDP ratio
37.3%
2025
34.8%
2025
Government debt per person
$1,463
2025
$1,104
2025
Government debt per person rank
133/185
2025
142/185
2025
Average annual personal income after taxes
$2,958
2026
$1,939
2026
Market capitalization of domestic companies
$186B
2025
n/a
Income share by richest 10%
28.2%
2023
37.2%
2014
Income share by poorest 10%
2.8%
2023
2%
2014
Government expenditure, % of GDP
13.4%
2025
26.1%
2025
Consumer prices inflation
42.2%
2024-2025
2.1%
2024-2025
Central bank interest rate
23%
2023
6%
2025
Unemployment rate
7.63%
2024
5.2%
2018
Population
93580141
7144725

Spending and national debt comparison by year

Iran
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Iran Nicaragua
Government spending Government debt Government spending Government debt
2025 13.4% 37.3% 26.1% 34.8%
2024 16% 31.2% 26.2% 37.9%
2023 12.8% 29.6% 26% 42.4%
2022 12.8% 34.5% 28.6% 45.9%
2021 13.4% 39.9% 30% 48.4%
2020 12.1% 47.1% 28.9% 49.2%
2019 13.6% 44.6% 27.7% 44.2%
2018 14.8% 41.6% 27.7% 39.1%
2017 16.4% 43.2% 27.3% 34.7%
2016 16.3% 45.9% 26.8% 30.9%
2015 14.1% 32.1% 25.4% 28.9%
2014 12.3% 10.9% 24.6% 28.7%
2013 11.5% 10.2% 24.2% 28.8%
2012 11.4% 11.7% 24.1% 27.9%
2011 14.6% 10.6% 23.5% 28.8%
2010 14.1% 12.8% 22.6% 30.3%
2009 15.7% 11.5% 22.7% 29.3%
2008 16.8% 10.6% 21.9% 26%
2007 14.2% 13.5% 21.5% 30.9%
2006 18.7% 15.2% 21.4% 51.2%
2005 17.9% 18.3% 21.3% 66.6%
2004 15.1% 21.1% 20.8% 84%
2003 15.7% 21.9% 20.9% 109.5%
2002 15.6% 23.4% 18.7% 110.4%
2001 13.6% 21% 19.2% 87.5%
2000 13.3% 18.2% 20.6% 95.2%
1999 15.7% 22.2% 22.1% 99.8%
1998 16.9% 29.6% 18.5% 86.5%
1997 17.4% 30.9% 17.9% 86.4%
1996 17.3% 29.3% 18% -
1995 21% 31.2% 17.7% -
1994 23% 41.7% 18.4% -
1993 27.2% 25.6% 18.4% -
1992 14.4% 25.2% 18.4% -
1991 14% 29.3% 16.8% -
1990 16.4% 37% 28.2% -
1989 20% 48.8% - -
1988 23.6% 53.2% 24.8% -
1987 18.6% 48.6% - 266.6%
1986 19% 47.4% 26.1% 159.2%
1985 21.6% 8.73% 29.9% 218%
1984 23.7% 10% 31.9% 198%
1983 27.5% 35.7% 33.8% 211.6%
1982 29.7% 47.7% 49.4% 159.1%
1981 33.7% 47.6% 39.3% 149.1%
1980 35.8% 35.5% 30.4% 152.1%
1979 - - 20.7% 116.3%
1978 - - 17.7% 76.9%
1977 - 9.23% 19.9% 62.7%
1976 - 6.92% 16.2% 59.5%
1975 - 8.81% 17.5% 57.8%
1974 - 6.68% 15.3% 40%
1973 - 12.8% 12.8% 32.9%
1972 - 12.7% 15.1% 30.2%
1971 - 14.2% 15.1% 31.6%
1970 - 14.1% 13.2% 35.4%
1969 - - 11.1% -
1968 23.6% - 10.9% -
1967 22.3% - 12.7% -
1966 20.5% - 12.2% -
1965 16.3% 14.9% 10.9% -
1964 15.4% 15.2% 10.2% -
1963 14.8% 12.4% 10.5% -
1962 15.6% 13.4% 10.6% -
1961 - - 9.93% -
1960 - - 11.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Iran's government spending was $48.7B, accounting for 13.4% of its GDP, while Nicaragua spent $5.8B, or 26.1% of GDP.

Debt-to-GDP ratio is 37.3% in Iran and 34.8% in Nicaragua, ranking 139/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Nicaragua
1x
Year Deficit/surplus, % of GDP
Iran Nicaragua
2025 -5.65% 2.1%
2024 -2.68% 2.25%
2023 -3.04% 2.3%
2022 -2.64% 0.65%
2021 -3.01% -1.26%
2020 -4.87% -2.57%
2019 -4.3% -1.12%
2018 -1.59% -4.35%
2017 -1.55% -1.75%
2016 -1.7% -1.92%
2015 -1.3% -1.64%
2014 -0.91% -0.89%
2013 -0.72% -0.3%
2012 -0.5% 0.22%
2011 -0.66% 0.59%
2010 -0.84% 0.69%
2009 -3.3% -0.9%
2008 -4.39% 0.27%
2007 -2.41% 1.88%
2006 -4.91% 1.36%
2005 -2.44% 1.72%
2004 -2.45% 1.69%
2003 -2.76% 1.3%
2002 -2.88% 2.07%
2001 0.02% 0.34%
2000 5.42% 2.15%
1999 -0.51% -6.86%
1998 -5.03% -2.88%
1997 -1.81% -3.31%
1996 -0.75% -5%
1995 -2.63% -4.62%
1994 -3.36% -5.79%
1993 -5.15% -4.66%
1992 -0.86% -3.8%
1991 -1.64% -3.45%
1990 -1.73% -15.2%
1989 -4.45% -
1988 -10.3% -22.4%
1987 -6.84% -
1986 -7.84% -7.33%
1985 -3.74% -11.3%
1984 -4.02% -11.8%
1983 -6.15% -15.6%
1982 -5.55% -20.2%
1981 -10.7% -10.6%
1980 -14.2% -6.53%
1979 - -5.89%
1978 - -4.44%
1977 - -5.91%
1976 - -2.2%
1975 - -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 - -2.69%
1969 - -1.57%
1968 -4.57% -1.21%
1967 -4% -2.11%
1966 -2.63% -1.04%
1965 -1.23% 0.3%
1964 -0.04% 0.2%
1963 0.26% 0.75%
1962 -1.39% -0.29%
1961 - 0.04%
1960 - -1.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Iran's government deficit, the difference between spending and revenue, was $20.5B, equivalent to 5.65% of GDP. This compares to Nicaragua's surplus of $467M, or 2.1% of GDP.

Over the past 64 years, Iran recorded a fiscal deficit in 50 of those years, while Nicaragua ran a deficit in 42 years. On average, Iran posted an annual deficit equal to 3.15% of GDP, compared to deficit of 3.08% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Iran

Nicaragua
1x
Year Consumer prices inflation
Iran Nicaragua
2025 42.2% 2.1%
2024 32.5% 4.6%
2023 44.6% 8.4%
2022 43.5% 10.5%
2021 43.4% 4.9%
2020 30.6% 3.7%
2019 39.9% 5.4%
2018 18% 4.9%
2017 8.04% 3.9%
2016 7.25% 3.5%
2015 12.5% 4%
2014 16.6% 6%
2013 36.6% 7.1%
2012 27.3% 7.2%
2011 26.3% 8.1%
2010 10.1% 5.5%
2009 13.6% 3.7%
2008 25.4% 19.8%
2007 17.3% 11.1%
2006 10% 9.1%
2005 13.4% 9.6%
2004 14.8% 8.5%
2003 16.5% 5.3%
2002 14.3% 3.8%
2001 11.3% 7.4%
2000 14.5% 11.5%
1999 20.1% 11.2%
1998 17.9% 13%
1997 17.3% 9.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Iran has recorded an average annual inflation rate of 22.3%, compared with 7.34% in Nicaragua. In 2025, inflation was 42.2% in Iran and 2.1% in Nicaragua.

Top exports between countries

Iran
Export category Export value
Processed food, beverages & tobacco $12K
Metals $8K
Nicaragua
Export category Export value
Raw agricultural goods $130K

Balance of trade

Iran Nicaragua
Current account balance
$12.5B
2000
$818M
2024
Current account balance ranking
22/190
2000
52/190
2024
Current account balance, % of GDP
+11.4%
2000
+4.15%
2024
Goods imports
$15.2B
2000
$10.1B
2024
Goods exports
$28.3B
2000
$6.84B
2024
Service imports
$2.3B
2000
$1.31B
2024
Service exports
$1.38B
2000
$1.3B
2024
Imports of goods and services, % of GDP
34.5%
2025
54.9%
2025
Exports of goods and services, % of GDP
25.8%
2025
41.6%
2025

Economic freedom indices

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

Iran Nicaragua
Economic freedom 41.8 53.6
Economic freedom ranking 185/197 139/197
Property rights 20.2 23.8
Government integrity 16.2 13.4
Judicial effectiveness 18.7 8.8
Tax burden 81.3 74.5
Government spending 94.7 77.7
Fiscal health 83.3 96.9
Business freedom 37.4 54.4
Labor freedom 41.8 47.3
Monetary freedom 42.2 69.4
Trade freedom 55.8 67
Investment freedom 5 60
Financial freedom 5 50

Economic freedom comparison by year

Iran
Nicaragua
1x
Year Economic freedom index
Iran Nicaragua
2026 41.8 53.6
2025 42.5 54
2024 41.2 53.4
2023 42.2 54.9
2022 42.4 54.8
2021 47.2 56.3
2020 49.2 57.2
2019 51.1 57.7
2018 50.9 58.9
2017 50.5 59.2
2016 43.5 58.6
2015 41.8 57.6
2014 40.3 58.4
2013 43.2 56.6
2012 42.3 57.9
2011 42.1 58.8
2010 43.4 58.3
2009 44.6 59.8
2008 45 60.8
2007 45 62.7
2006 45 63.8
2005 50.5 62.5
2004 42.8 61.4
2003 43.2 62.6
2002 36.4 61.1
2001 35.9 58
2000 36.1 56.9
1999 36.8 54
1998 36 53.8
1997 34.5 53.3
1996 36.1 54.1
1995 - 42.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran Nicaragua
Services, % of GDP
47.1%
2025
45.2%
2025
Industry, % of GDP
39.6%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
10.6%
2025
14.5%
2025
GNI, Atlas method
$429B
2025
$19.9B
2025
GNI per capita, PPP
$19,660
2025
$8,780
2025
Total reserves including gold
$7.69B
1982
$8.32B
2025
Total reserves ranking
89/177
1982
87/177
2025
Net foreign direct investment
-$39M
2000
-$1.28B
2024
Net inflows of foreign direct investment
$1.45B
2024
$1.35B
2024
Net outflows of foreign direct investment
$89.4M
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
9.74%
2024
Poverty at national poverty lines
18.7%
2020
24.9%
2016
Gross capital formation, % of GDP
41.8%
2025
25.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.