Iran vs Norway: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Norway ranked 30th with $434.2B. By GDP 5-years average growth and GDP per capita, Iran and Norway ranked 102nd vs 142nd and 105th vs 5th, respectively.

Gross Domestic Product & Income

StatIranNorway
GDP$454B$434.2B
GDP growth, 1 year-3.9%1.4%
GDP growth, 5-years average2.8%1.7%
Population80M5.4M
GDP per capita$5.6k$82k
GDP per capita growth2.33%0.58%
Purchasing Power Parity conversion factor9035.9610.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.271.25
GDP per capita, PPP adjusted$20k$74k
GNI, Atlas method$441B$428.4B
GNI per capita$5.5k$81k
GNI, PPP adjusted$1.7T$363B
GNI per capita, PPP adjusted$21k$68k

Financial system and Human development

StatIranNorway
Income Tax Rate35%47.8%
Corporate Tax Rate25%22%
Inflation, consumer prices31.2%2.8%
Inflation, GDP deflator12.2%5.8%
Unemployment12%3.9%
Economic Freedom Index49.273.4
Personal Freedom Index4.839.55
Human Freedom Index5.298.61
Property Rights Index36.984.3
Judical Effectiveness Index37.182.8
Business Freedom Index57.386.1
Fiscal Health Index86.597.3
Labor Freedom Index50.757.4
Investment Freedom Index575
Financial Freedom Index1060
Trade Freedom Index54.683.8
Monetary Freedom Index4974.8
Government Spending Index89.225.6
Tax Burden Index8157.7
Government Integrity Index33.595.6
Corruption Perceptions Index2884
Life expectancy at birth, years76.382.5
Suicide mortality rate, per 100,000 people4.112.2
Mortality caused by road traffic injury, per 100,000 people20.52.7
Intentional homicides, per 100,000 people2.50.5
International tourism, number of arrivals7.3M5.7M

Government debt & reserves

StatIranNorway
Central government debt, % of GDP33.2%36.8%
External debt stocks, % of GNI1.5%N/A
External debt stocks$6.3BN/A
Short-term debt, % of total reserves62.1%N/A
Total debt service, % of exports and primary income0.8%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%16.9%
Gross savings, % of GDP37.7%35.9%
Gross capital formation, % of GDP34.7%27.3%
Total reserves including gold$7.7B$63.1B
Foreign direct investment net inflows$3.5B-$17.4B

Exports, imports and economic structure

StatIranNorway
Exports of goods and services, % of GDP24.9%38.4%
Imports of goods and services, % of GDP23.8%32.6%
Current account balance (balance of payments)$12.5B$31.4B
Revenue excluding grants, % of GDP25.4%47.4%
Grants excluding technical cooperation, BoP$65MN/A
Personal remittances received$1.3B$644.3M
Industry including construction value added, % of GDP34.9%32%
Agriculture, forestry and fishing value added, % of GDP9.5%1.9%
Charges for the use of intellectual property, payments BoPN/A$768.9M
Charges for the use of intellectual property, receipts BoPN/A$515.2M
Expense, % of GDP19.6%37.7%
Government Expenditure, % of GDP19%49.8%

Compare with countries close by GDP per capita

Iran vs

CountryGDP
per capita
Population
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k