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Economy of Iran vs Slovakia compared: GDP & Debt

Updated on by Georank

Iran has a GDP of $363B compared to $155B for Slovakia, ranking 44/197 and 60/197 by economy size, respectively.

Iran has $135B in government debt (37.3% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Iran vs Slovakia GDP by year

Iran
Slovakia
1x
Year GDP, current $
Iran Slovakia
2025 $362,682,115,433 $154,530,066,507
2024 $475,252,089,215 $140,934,076,532
2023 $457,510,482,317 $133,578,518,424
2022 $422,662,261,526 $115,792,972,358
2021 $407,350,685,583 $120,511,265,913
2020 $280,934,329,280 $107,732,602,896
2019 $347,988,400,958 $105,843,498,304
2018 $411,903,303,606 $106,611,673,365
2017 $510,239,893,418 $95,978,130,735
2016 $478,618,064,871 $90,347,173,229
2015 $409,191,686,497 $89,178,548,717
2014 $462,284,793,281 $101,713,075,599
2013 $500,399,839,840 $99,134,277,850
2012 $644,019,315,004 $94,724,394,278
2011 $629,082,257,472 $99,705,104,723
2010 $487,069,570,464 $91,112,160,801
2009 $414,059,094,949 $89,342,984,698
2008 $406,070,949,554 $96,685,492,864
2007 $349,736,591,832 $77,019,443,089
2006 $265,602,187,404 $57,111,148,619
2005 $224,970,371,325 $48,823,790,951
2004 $187,754,571,248 $42,960,730,480
2003 $151,911,222,119 $33,761,723,946
2002 $128,626,917,504 $24,768,142,566
2001 $126,878,750,296 $21,377,597,035
2000 $109,591,707,802 $20,626,538,612
1999 $113,848,450,088 $20,813,421,086
1998 $110,276,913,363 $22,911,708,405
1997 $113,919,163,421 $22,026,728,498
1996 $120,403,931,885 $21,864,845,214
1995 $96,419,225,744 $20,306,095,054
1994 $71,841,461,173 $16,187,735,322
1993 $63,743,623,232 $13,991,963,247
1992 $119,768,691,217 $12,932,972,789
1991 $131,637,664,958 $11,952,983,608
1990 $124,813,263,926 $17,068,924,602
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Iran vs Slovakia by year

Iran
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,924 - $28,544 -
2024 $5,190 $19,874 $25,993 $48,132
2023 $5,049 $18,917 $24,615 $45,974
2022 $4,721 $17,546 $21,318 $41,562
2021 $4,605 $15,884 $22,123 $38,346
2020 $3,203 $15,119 $19,735 $35,328
2019 $3,997 $13,928 $19,406 $33,986
2018 $4,783 $15,324 $19,573 $31,510
2017 $6,001 $15,719 $17,646 $30,246
2016 $5,711 $15,195 $16,636 $29,868
2015 $4,953 $14,274 $16,442 $30,148
2014 $5,672 $16,065 $18,771 $29,108
2013 $6,223 $16,215 $18,313 $28,075
2012 $8,114 $17,021 $17,517 $27,023
2011 $8,026 $19,275 $18,469 $26,202
2010 $6,291 $18,628 $16,899 $25,382
2009 $5,416 $17,615 $16,587 $23,077
2008 $5,377 $17,549 $17,974 $23,714
2007 $4,688 $17,384 $14,330 $21,232
2006 $3,619 $15,907 $10,629 $18,906
2005 $3,132 $15,016 $9,087 $16,570
2004 $2,672 $14,425 $7,997 $15,166
2003 $2,209 $13,755 $6,283 $14,088
2002 $1,891 $12,554 $4,606 $13,292
2001 $1,881 $11,533 $3,974 $12,367
2000 $1,650 $11,187 $3,828 $11,370
1999 $1,740 $10,489 $3,857 $10,726
1998 $1,709 $10,285 $4,250 $10,666
1997 $1,790 $10,101 $4,092 $10,137
1996 $1,915 $9,916 $4,069 $9,500
1995 $1,550 $9,255 $3,787 $8,812
1994 $1,168 $8,951 $3,028 $8,178
1993 $1,038 $8,933 $2,627 $7,569
1992 $1,957 $8,888 $2,438 $7,270
1991 $2,194 $8,580 $2,254 $7,623
1990 $2,138 $7,566 $3,221 $8,638
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 (1960–2025, retrieved 2026-07-08).

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

Iran's GDP per capita is $3,924, ranking 135/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Slovakia ranks 49th at $48,132.

Economic indicators

Iran Slovakia
Gross domestic product
$363B
2025
$155B
2025
GDP rank
44/197
2025
60/197
2025
GDP growth
-2.83%
2024-2025
0.81%
2024-2025
GDP per capita
$3,924
2025
$28,544
2025
GDP per capita rank
135/197
2025
46/197
2025
GDP per capita, PPP
$19,874
2024
$48,132
2024
GDP per capita PPP rank
97/197
2024
49/197
2024
Government debt
$135B
2025
$95.3B
2025
Debt-to-GDP ratio
37.3%
2025
61.6%
2025
Government debt per person
$1,463
2025
$17,597
2025
Government debt per person rank
133/185
2025
36/185
2025
Average annual personal income after taxes
$2,958
2026
$17,518
2026
Market capitalization of domestic companies
$186B
2025
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
28.2%
2023
18.8%
2023
Income share by poorest 10%
2.8%
2023
3.3%
2023
Government expenditure, % of GDP
13.4%
2025
48.7%
2025
Consumer prices inflation
42.2%
2024-2025
4%
2024-2025
Central bank interest rate
23%
2023
n/a
Unemployment rate
7.63%
2024
5.4%
2025
Population
93580141
5376239

Spending and national debt comparison by year

Iran
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Iran Slovakia
Government spending Government debt Government spending Government debt
2025 13.4% 37.3% 48.7% 61.6%
2024 16% 31.2% 47.5% 59.7%
2023 12.8% 29.6% 48.2% 55.8%
2022 12.8% 34.5% 43.1% 57.8%
2021 13.4% 39.9% 44.8% 60.2%
2020 12.1% 47.1% 44.5% 58.4%
2019 13.6% 44.6% 40.6% 48%
2018 14.8% 41.6% 39.7% 49.3%
2017 16.4% 43.2% 39.8% 51.4%
2016 16.3% 45.9% 40.9% 52.1%
2015 14.1% 32.1% 44.1% 51.6%
2014 12.3% 10.9% 42% 53.4%
2013 11.5% 10.2% 41.1% 54.6%
2012 11.4% 11.7% 40% 51.7%
2011 14.6% 10.6% 40.8% 43.3%
2010 14.1% 12.8% 41% 40.7%
2009 15.7% 11.5% 43.2% 36.4%
2008 16.8% 10.6% 36.5% 28.6%
2007 14.2% 13.5% 35.9% 30.4%
2006 18.7% 15.2% 38.2% 31.5%
2005 17.9% 18.3% 39.1% 35%
2004 15.1% 21.1% 38.4% 42%
2003 15.7% 21.9% 40% 43.6%
2002 15.6% 23.4% 46% 45.6%
2001 13.6% 21% 46.2% 51.4%
2000 13.3% 18.2% 53.2% 50.6%
1999 15.7% 22.2% 48.4% 47.1%
1998 16.9% 29.6% 46.2% 33.9%
1997 17.4% 30.9% 48.6% 32.8%
1996 17.3% 29.3% 52.8% 30.3%
1995 21% 31.2% 47.8% 21.3%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08).

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

In 2025, Iran's government spending was $48.7B, accounting for 13.4% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 37.3% in Iran and 61.6% in Slovakia, ranking 139/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Slovakia
1x
Year Deficit/surplus, % of GDP
Iran Slovakia
2025 -5.65% -5.02%
2024 -2.68% -5.5%
2023 -3.04% -5.3%
2022 -2.64% -1.56%
2021 -3.01% -5.09%
2020 -4.87% -5.3%
2019 -4.3% -1.21%
2018 -1.59% -1.01%
2017 -1.55% -0.98%
2016 -1.7% -2.59%
2015 -1.3% -2.78%
2014 -0.91% -3.25%
2013 -0.72% -2.86%
2012 -0.5% -4.37%
2011 -0.66% -4.36%
2010 -0.84% -7.44%
2009 -3.3% -8.18%
2008 -4.39% -2.54%
2007 -2.41% -2.26%
2006 -4.91% -3.57%
2005 -2.44% -2.86%
2004 -2.45% -2.36%
2003 -2.76% -2.28%
2002 -2.88% -8.35%
2001 0.02% -7.74%
2000 5.42% -12.7%
1999 -0.51% -7.25%
1998 -5.03% -5.37%
1997 -1.81% -6.24%
1996 -0.75% -9.72%
1995 -2.63% -3.43%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

GeoRank.org/economy/iran/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Iran recorded a fiscal deficit in 29 of those years, while Slovakia ran a deficit in 31 years. On average, Iran posted an annual deficit equal to 2.15% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Iran

Slovakia
1x
Year Consumer prices inflation
Iran Slovakia
2025 42.2% 4%
2024 32.5% 2.76%
2023 44.6% 10.5%
2022 43.5% 12.8%
2021 43.4% 3.15%
2020 30.6% 1.94%
2019 39.9% 2.66%
2018 18% 2.51%
2017 8.04% 1.31%
2016 7.25% -0.52%
2015 12.5% -0.33%
2014 16.6% -0.08%
2013 36.6% 1.4%
2012 27.3% 3.61%
2011 26.3% 3.92%
2010 10.1% 0.96%
2009 13.6% 1.62%
2008 25.4% 4.6%
2007 17.3% 2.76%
2006 10% 4.48%
2005 13.4% 2.71%
2004 14.8% 7.55%
2003 16.5% 8.55%
2002 14.3% 3.13%
2001 11.3% 7.33%
2000 14.5% 12%
1999 20.1% 10.6%
1998 17.9% 6.67%
1997 17.3% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Iran has recorded an average annual inflation rate of 22.3%, compared with 4.44% in Slovakia. In 2025, inflation was 42.2% in Iran and 4% in Slovakia.

Top exports between countries

Iran
Export category Export value
Chemicals & pharma $4.79M
Raw materials & minerals $568K
Raw agricultural goods $428K
Processed food, beverages & tobacco $16K
Machinery & equipment $5K
Textiles & consumer goods $5K
Slovakia
Export category Export value
Machinery & equipment $4.88M
Chemicals & pharma $1.28M
Textiles & consumer goods $244K
Raw materials & minerals $219K
Wood & paper products $117K
Processed food, beverages & tobacco $70K
Miscellaneous $43K
Metals $25K
Animal & marine products $16K

Balance of trade

Iran Slovakia
Current account balance
$12.5B
2000
-$5.6B
2025
Current account balance ranking
22/190
2000
165/190
2025
Current account balance, % of GDP
+11.4%
2000
-3.63%
2025
Goods imports
$15.2B
2000
$117B
2025
Goods exports
$28.3B
2000
$117B
2025
Service imports
$2.3B
2000
$14.3B
2025
Service exports
$1.38B
2000
$14.7B
2025
Imports of goods and services, % of GDP
34.5%
2025
85.2%
2025
Exports of goods and services, % of GDP
25.8%
2025
85.1%
2025

Economic freedom indices

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

Iran Slovakia
Economic freedom 41.8 67.7
Economic freedom ranking 185/197 54/197
Property rights 20.2 82.6
Government integrity 16.2 57.2
Judicial effectiveness 18.7 70.5
Tax burden 81.3 75.4
Government spending 94.7 36.4
Fiscal health 83.3 69.6
Business freedom 37.4 71.1
Labor freedom 41.8 55.1
Monetary freedom 42.2 69.7
Trade freedom 55.8 79.4
Investment freedom 5 75
Financial freedom 5 70

Economic freedom comparison by year

Iran
Slovakia
1x
Year Economic freedom index
Iran Slovakia
2026 41.8 67.7
2025 42.5 68.4
2024 41.2 68.1
2023 42.2 69
2022 42.4 69.7
2021 47.2 66.3
2020 49.2 66.8
2019 51.1 65
2018 50.9 65.3
2017 50.5 65.7
2016 43.5 66.6
2015 41.8 67.2
2014 40.3 66.4
2013 43.2 68.7
2012 42.3 67
2011 42.1 69.5
2010 43.4 69.7
2009 44.6 69.4
2008 45 70
2007 45 69.6
2006 45 69.8
2005 50.5 66.8
2004 42.8 64.6
2003 43.2 59
2002 36.4 59.8
2001 35.9 58.5
2000 36.1 53.8
1999 36.8 54.2
1998 36 57.5
1997 34.5 55.5
1996 36.1 57.6
1995 - 60.4

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

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran Slovakia
Services, % of GDP
47.1%
2025
59.8%
2025
Industry, % of GDP
39.6%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
10.6%
2025
1.59%
2025
GNI, Atlas method
$429B
2025
$143B
2025
GNI per capita, PPP
$19,660
2025
$47,920
2025
Total reserves including gold
$7.69B
1982
$18.2B
2025
Total reserves ranking
89/177
1982
69/177
2025
Net foreign direct investment
-$39M
2000
-$198M
2025
Net inflows of foreign direct investment
$1.45B
2024
$5.01B
2024
Net outflows of foreign direct investment
$89.4M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
n/a
Poverty at national poverty lines
18.7%
2020
13.7%
2021
Gross capital formation, % of GDP
41.8%
2025
20.1%
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/slovakia | CC BY

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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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.