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Economy of Iran vs North Korea compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $34.9B for North Korea, ranking 34/197 and 106/197 by economy size, respectively.

Iran vs North Korea GDP by year

Iran
North Korea
1x
Year GDP, current $
Iran North Korea
2024 $475,252,089,215 $34,943,120,000
2023 $457,510,482,317 $32,155,360,000
2022 $422,662,261,526 $28,971,360,000
2021 $407,350,685,583 $32,301,720,000
2020 $280,934,329,280 $27,728,240,000
2019 $347,988,400,958 $28,222,880,000
2018 $411,903,303,606 $28,536,400,000
2017 $510,239,893,418 $29,105,440,000
2016 $478,618,064,871 $28,882,640,000
2015 $409,191,686,497 $30,723,030,000
2014 $462,284,793,281 $30,554,460,000
2013 $500,399,839,840 $30,588,922,000
2012 $644,019,315,004 $29,890,710,000
2011 $629,082,257,472 $29,005,020,000
2010 $487,069,570,464 $25,995,513,000
2009 $414,059,094,949 $23,356,470,000
2008 $406,070,949,554 -
2007 $349,736,591,832 -
2006 $265,602,187,404 -
2005 $224,970,371,325 -
2004 $187,754,571,248 -
2003 $151,911,222,119 -
2002 $128,626,917,504 -
2001 $126,878,750,296 -
2000 $109,591,707,802 -
1999 $113,848,450,088 -
1998 $110,276,913,363 -
1997 $113,919,163,421 -
1996 $120,403,931,885 -
1995 $96,419,225,744 -
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/north-korea | CC BY

GDP per capita in Iran vs North Korea by year

Iran
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $1,319 -
2023 $5,049 $18,917 $1,217 -
2022 $4,721 $17,546 $1,100 -
2021 $4,605 $15,884 $1,231 -
2020 $3,203 $15,119 $1,061 -
2019 $3,997 $13,928 $1,084 -
2018 $4,783 $15,324 $1,100 -
2017 $6,001 $15,719 $1,127 -
2016 $5,711 $15,195 $1,124 -
2015 $4,953 $14,274 $1,201 $1,700
2014 $5,672 $16,065 $1,201 $1,800
2013 $6,223 $16,215 $1,208 -
2012 $8,114 $17,021 $1,186 -
2011 $8,026 $19,275 $1,156 $1,800
2010 $6,291 $18,628 $1,040 -
2009 $5,416 $17,615 $939 $1,800
2008 $5,377 $17,549 - $1,800
2007 $4,688 $17,384 - $1,700
2006 $3,619 $15,907 - $1,800
2005 $3,132 $15,016 - $1,700
2004 $2,672 $14,425 - $1,700
2003 $2,209 $13,755 - $1,300
2002 $1,891 $12,554 - $1,000
2001 $1,881 $11,533 - -
2000 $1,650 $11,187 - $1,000
1999 $1,740 $10,489 - $1,000
1998 $1,709 $10,285 - -
1997 $1,790 $10,101 - -
1996 $1,915 $9,916 - -
1995 $1,550 $9,255 - -
1994 $1,168 $8,951 - -
1993 $1,038 $8,933 - -
1992 $1,957 $8,888 - -
1991 $2,194 $8,580 - -
1990 $2,138 $7,566 - -
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); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/iran/north-korea | CC BY

Iran's GDP per capita is $5,190, ranking 119/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while North Korea ranks 193rd at $1,700.

Economic indicators

Iran North Korea
Gross domestic product
$475B
2024
$34.9B
2024
GDP rank
34/197
2024
106/197
2024
GDP growth
3.66%
2023-2024
n/a
GDP per capita
$5,190
2024
$1,319
2024
GDP per capita rank
119/197
2024
168/197
2024
GDP per capita, PPP
$19,874
2024
$1,700
2015
GDP per capita PPP rank
97/197
2024
193/197
2015
Government debt
$162B
2024
n/a
Debt-to-GDP ratio
34%
2024
n/a
Government debt per person
$1,764
2024
n/a
Government debt per person rank
122/185
2024
n/a
Average annual personal income after taxes
$2,964
2026
$1,426
2026
Market capitalization of domestic companies
$172B
2024
n/a
Income share by richest 10%
28.2%
2023
n/a
Income share by poorest 10%
2.8%
2023
n/a
Government expenditure, % of GDP
14.2%
2024
n/a
Consumer prices inflation
32.5%
2023-2024
n/a
Central bank interest rate
23%
2023
n/a
Unemployment rate
7.63%
2024
25.6%
2013
Population
93468444
26659144

Balance of trade

Iran North Korea
Current account balance
$12.5B
2000
n/a
Current account balance ranking
22/190
2000
n/a
Current account balance, % of GDP
+11.4%
2000
n/a
Goods imports
$15.2B
2000
n/a
Goods exports
$28.3B
2000
n/a
Service imports
$2.3B
2000
n/a
Service exports
$1.38B
2000
n/a
Imports of goods and services, % of GDP
28.5%
2024
n/a
Exports of goods and services, % of GDP
23.6%
2024
n/a

Economic freedom indices

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

Iran North Korea
Economic freedom 41.8 3.1
Economic freedom ranking 185/197 197/197
Property rights 20.2 16.3
Government integrity 16.2 4.3
Judicial effectiveness 18.7 6.3
Tax burden 81.3 0
Government spending 94.7 0
Fiscal health 83.3 0
Business freedom 37.4 5
Labor freedom 41.8 5
Monetary freedom 42.2 0
Trade freedom 55.8 0
Investment freedom 5 0
Financial freedom 5 0

Economic freedom comparison by year

Iran
North Korea
1x
Year Economic freedom index
Iran North Korea
2026 41.8 3.1
2025 42.5 3
2024 41.2 2.9
2023 42.2 2.9
2022 42.4 3
2021 47.2 5.2
2020 49.2 4.2
2019 51.1 5.9
2018 50.9 5.8
2017 50.5 4.9
2016 43.5 2.3
2015 41.8 1.3
2014 40.3 1
2013 43.2 1.5
2012 42.3 1
2011 42.1 1
2010 43.4 1
2009 44.6 2
2008 45 3
2007 45 3
2006 45 4
2005 50.5 8
2004 42.8 8.9
2003 43.2 8.9
2002 36.4 8.9
2001 35.9 8.9
2000 36.1 8.9
1999 36.8 8.9
1998 36 8.9
1997 34.5 8.9
1996 36.1 8.9
1995 - 8.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/iran/north-korea | CC BY

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran North Korea
Services, % of GDP
49.8%
2024
n/a
Industry, % of GDP
36.1%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
n/a
GNI, Atlas method
$469B
2024
n/a
GNI per capita, PPP
$19,820
2024
n/a
Total reserves including gold
$7.69B
1982
n/a
Total reserves ranking
85/177
1982
n/a
Net foreign direct investment
-$39M
2000
n/a
Net inflows of foreign direct investment
$1.45B
2024
$203K
1989
Net outflows of foreign direct investment
$89.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
n/a
Poverty at national poverty lines
18.7%
2020
n/a
Gross capital formation, % of GDP
44.3%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.