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Economy of Iran vs Slovenia compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $437B compared to $72.5B for Slovenia, ranking 37/197 and 86/197 by economy size, respectively.

Iran has $161B in government debt (39.9% of GDP), compared to $48.6B (68% of GDP) in Slovenia.

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 $
Slovenia
GDP, current $

GDP, constant 2015 $
Year GDP
Iran Slovenia
Current $ Constant $ Current $ Constant $
1960 $4,199,134,390 $50,350,548,203 - -
1961 $4,426,949,095 $55,582,432,558 - -
1962 $4,693,566,416 $59,978,596,071 - -
1963 $4,928,628,018 $64,202,333,927 - -
1964 $5,379,845,648 $69,643,628,269 - -
1965 $6,197,319,929 $81,507,915,873 - -
1966 $6,789,938,672 $90,883,288,326 - -
1967 $7,555,383,690 $101,110,205,808 - -
1968 $8,623,172,960 $115,674,304,557 - -
1969 $9,743,089,607 $133,623,091,839 - -
1970 $10,976,245,154 $148,224,891,000 - -
1971 $13,731,802,833 $168,534,047,458 - -
1972 $17,153,463,263 $192,969,825,710 - -
1973 $27,081,698,250 $207,330,025,747 - -
1974 $46,209,092,072 $219,357,345,963 - -
1975 $51,776,222,350 $218,641,766,675 - -
1976 $68,055,295,081 $258,566,705,735 - -
1977 $80,600,122,702 $251,395,157,267 - -
1978 $77,994,316,621 $219,113,865,436 - -
1979 $90,391,877,326 $192,774,712,987 - -
1980 $94,362,275,580 $151,136,050,943 - -
1981 $100,499,312,750 $142,526,151,688 - -
1982 $125,948,756,439 $175,551,236,248 - -
1983 $156,365,156,618 $195,014,104,732 - -
1984 $162,276,728,620 $181,090,389,202 - -
1985 $180,183,629,600 $184,472,523,734 - -
1986 $209,094,561,833 $166,422,061,469 - -
1987 $134,009,995,923 $166,135,636,308 - -
1988 $123,057,861,334 $156,031,272,523 - -
1989 $120,496,362,916 $165,599,290,647 - -
1990 $124,813,263,926 $188,112,392,401 $19,832,029,087 $27,206,132,648
1991 $131,637,664,958 $212,033,043,459 $14,454,495,059 $24,784,757,479
1992 $119,768,691,217 $219,025,854,895 $14,277,261,541 $23,430,593,235
1993 $63,743,623,231 $215,803,959,419 $14,449,298,372 $24,096,823,248
1994 $71,841,461,172 $212,138,990,732 $16,400,767,070 $25,380,578,071
1995 $96,419,225,745 $217,232,542,412 $21,367,422,159 $26,422,998,604
1996 $120,403,931,883 $231,027,951,541 $21,470,699,363 $27,192,863,782
1997 $113,919,163,421 $234,147,751,321 $20,726,878,752 $28,599,098,755
1998 $110,276,913,362 $239,018,052,132 $22,058,635,314 $29,475,325,366
1999 $113,848,450,089 $243,804,857,658 $22,609,669,084 $31,028,087,571
2000 $109,591,707,801 $258,056,537,600 $20,159,190,702 $32,113,425,072
2001 $126,878,750,296 $264,229,695,673 $20,668,868,707 $33,021,812,644
2002 $128,626,917,504 $285,576,361,692 $23,214,593,516 $34,105,781,288
2003 $151,911,222,120 $310,248,155,726 $29,360,575,032 $35,195,471,632
2004 $187,754,571,247 $323,702,581,959 $34,156,553,313 $36,795,465,565
2005 $224,970,371,329 $334,028,060,130 $35,947,936,824 $38,213,609,800
2006 $265,602,187,406 $350,728,779,278 $39,260,368,837 $40,471,568,430
2007 $349,736,591,836 $379,333,424,180 $47,880,266,543 $43,360,927,308
2008 $406,070,949,551 $380,285,006,931 $55,509,332,322 $44,823,161,262
2009 $414,059,094,950 $384,115,942,808 $49,975,540,955 $41,420,820,596
2010 $487,069,570,461 $406,386,748,156 $47,793,117,241 $41,881,476,947
2011 $629,082,257,472 $417,138,595,177 $51,199,194,599 $42,155,984,116
2012 $644,019,315,004 $401,507,697,046 $46,167,053,954 $40,926,910,456
2013 $500,399,839,840 $395,396,833,391 $47,867,056,859 $40,589,764,219
2014 $462,284,793,281 $415,106,476,158 $49,514,466,380 $41,711,191,731
2015 $409,191,686,497 $409,191,686,497 $42,709,468,275 $42,709,468,275
2016 $459,042,684,193 $445,262,288,195 $44,290,685,824 $44,005,450,730
2017 $489,168,731,811 $457,544,871,773 $48,153,200,135 $46,282,469,721
2018 $398,880,231,367 $449,135,162,389 $53,689,067,640 $48,309,217,703
2019 $333,519,146,339 $435,344,072,057 $53,909,922,736 $50,002,578,163
2020 $262,186,179,356 $449,842,285,446 $53,384,760,135 $47,959,972,370
2021 $383,436,202,447 $471,073,841,462 $61,529,280,461 $51,983,646,951
2022 $394,362,621,793 $488,864,564,083 $59,927,702,746 $53,386,809,690
2023 $404,625,655,076 $513,527,244,544 $69,148,468,417 $54,514,654,619
2024 $436,906,331,672 $529,138,474,367 $72,485,008,929 $55,381,990,841

Economic indicators

Iran Slovenia
Gross domestic product
$437B
2024
$72.5B
2024
GDP rank
37/197
2024
86/197
2024
GDP growth
7.98%
2023-2024
4.83%
2023-2024
GDP per capita
$4,771
2024
$34,089
2024
GDP per capita rank
122/197
2024
33/197
2024
GDP per capita, PPP
$18,442
2024
$56,531
2024
Government debt
$161B
2024
$48.6B
2024
Debt-to-GDP ratio
39.9%
2025
68%
2025
Government debt per person
$1,758
2024
$22,853
2024
Government debt per person rank
121/185
2024
29/185
2024
Average annual personal income after taxes
$2,970
2025
$21,364
2025
Market capitalization of domestic companies
$172B
2024
$11.4B
2024
Income share by richest 10%
28.2%
2023
20.6%
2023
Income share by poorest 10%
2.8%
2023
4.1%
2023
Government expenditure, % of GDP
15%
2025
47.5%
2025
Consumer prices inflation
32.5%
2023-2024
1.97%
2023-2024
Central bank interest rate
23%
2023
n/a
Unemployment rate
8.13%
2023
3.7%
2024
Population
93020793
2124696

GDP per capita in Iran vs Slovenia

Iran's GDP per capita is $4,771, ranking 122/197, compared to $34,089 in Slovenia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 101st at $18,442, while Slovenia ranks 35th at $56,531.

Iran
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
Year Current $
Iran Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $195.6 - - -
1961 $200.1 - - -
1962 $205.8 - - -
1963 $209.6 - - -
1964 $221.7 - - -
1965 $247.5 - - -
1966 $262.9 - - -
1967 $283.7 - - -
1968 $314 - - -
1969 $345 - - -
1970 $377 - - -
1971 $457 - - -
1972 $555 - - -
1973 $851 - - -
1974 $1,409 - - -
1975 $1,532 - - -
1976 $1,954 - - -
1977 $2,243 - - -
1978 $2,101 - - -
1979 $2,352 - - -
1980 $2,368 - - -
1981 $2,393 - - -
1982 $2,845 - - -
1983 $3,397 - - -
1984 $3,395 - - -
1985 $3,634 - - -
1986 $4,064 - - -
1987 $2,513 - - -
1988 $2,234 - - -
1989 $2,125 - - -
1990 $2,138 $7,256 $9,925 $13,482
1991 $2,194 $8,229 $7,229 $12,689
1992 $1,957 $8,524 $7,151 $12,287
1993 $1,038 $8,567 $7,255 $12,967
1994 $1,168 $8,585 $8,244 $13,966
1995 $1,550 $8,877 $10,738 $13,628
1996 $1,915 $9,510 $10,797 $14,279
1997 $1,790 $9,688 $10,437 $15,253
1998 $1,709 $9,864 $11,132 $15,992
1999 $1,740 $10,060 $11,401 $17,007
2000 $1,650 $10,729 $10,136 $17,888
2001 $1,881 $11,061 $10,376 $18,765
2002 $1,891 $12,041 $11,639 $20,004
2003 $2,209 $13,192 $14,712 $20,918
2004 $2,672 $13,835 $17,104 $22,591
2005 $3,132 $14,402 $17,970 $23,682
2006 $3,619 $15,256 $19,563 $25,577
2007 $4,688 $16,673 $23,725 $27,469
2008 $5,377 $16,831 $27,462 $29,461
2009 $5,416 $16,894 $24,502 $27,214
2010 $6,291 $17,866 $23,330 $27,582
2011 $8,026 $18,487 $24,941 $28,716
2012 $8,114 $16,325 $22,442 $28,787
2013 $6,223 $15,552 $23,237 $29,634
2014 $5,672 $15,408 $24,013 $30,572
2015 $4,953 $13,690 $20,697 $31,345
2016 $5,477 $14,573 $21,448 $33,575
2017 $5,753 $15,070 $23,303 $36,180
2018 $4,632 $14,840 $25,888 $38,620
2019 $3,831 $13,348 $25,814 $42,373
2020 $2,989 $14,110 $25,392 $41,767
2021 $4,335 $14,952 $29,187 $45,914
2022 $4,405 $16,424 $28,374 $51,079
2023 $4,466 $17,660 $32,610 $53,952
2024 $4,771 $18,442 $34,089 $56,531

Spending and national debt comparison

In 2024, Iran's government spending was $64.6B, accounting for 15% of its GDP, while Slovenia's spent $33.9B, or 47.5% of GDP.

Debt-to-GDP ratio is 39.9% in Iran and 68% in Slovenia, ranking 135/185 and 61/185, respectively.

Iran
Government spending

Government debt
Slovenia
Government spending

Government debt
Year % of GDP
Iran Slovenia
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% - -
1991 17.1% 29.3% - -
1992 17.6% 25.2% - -
1993 33.2% 25.6% - -
1994 28.1% 41.7% - -
1995 25.6% 31.2% 53% 18.2%
1996 21.1% 35.8% 45.2% 21.6%
1997 21.2% 37.7% 45.4% 22.1%
1998 20.6% 36.2% 46.4% 22.8%
1999 19.2% 27.1% 47.2% 23.8%
2000 16.3% 22.2% 47.8% 26.1%
2001 16.6% 25.6% 49.2% 26.3%
2002 19.1% 28.5% 47.8% 27.7%
2003 19.1% 26.8% 47.6% 27%
2004 18.4% 25.7% 46.9% 27.1%
2005 21.7% 22.2% 46.7% 26.6%
2006 22.4% 18.2% 45.7% 26.2%
2007 17% 16.1% 43.5% 22.9%
2008 19.7% 12.4% 45.2% 21.9%
2009 18.1% 13.3% 50% 34.9%
2010 16.3% 14.8% 50.7% 38.6%
2011 16.9% 12.3% 51.4% 46.8%
2012 13.2% 13.6% 50% 54.1%
2013 13.3% 11.8% 57.7% 70.8%
2014 14.2% 12.6% 50.6% 81.1%
2015 16.3% 37% 49.5% 83.4%
2016 17% 47.9% 46.9% 79.4%
2017 17.1% 45% 44.6% 74.9%
2018 15.3% 42.9% 44.1% 71%
2019 14.1% 46.6% 43.8% 66%
2020 13% 48.3% 51.8% 80.2%
2021 14.2% 42.4% 49.9% 74.8%
2022 13.8% 36.9% 47.7% 72.7%
2023 14.8% 33.5% 46.5% 68.4%
2024 14.8% 36.8% 46.8% 67%
2025 15% 39.9% 47.5% 68%

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 Slovenia's deficit of -$646M, or -0.89% of GDP.

Over the past 30 years, Iran recorded a fiscal deficit in 28 of those years, while Slovenia ran a deficit in 27 years. On average, Iran posted an annual deficit equal to -2.38% of GDP, compared to deficit of -3.23% of GDP for Slovenia.

Deficit/surplus
Iran

Slovenia
Year Deficit/surplus, % of GDP
Iran Slovenia
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% -8.19%
1996 -0.91% -1.16%
1997 -2.21% -2.37%
1998 -6.14% -2.39%
1999 -0.62% -3.04%
2000 6.61% -3.77%
2001 0.02% -4.58%
2002 -3.52% -2.47%
2003 -3.36% -2.66%
2004 -2.98% -1.98%
2005 -2.95% -1.38%
2006 -5.88% -1.26%
2007 -2.87% -0.08%
2008 -5.14% -1.44%
2009 -3.82% -5.87%
2010 -0.97% -5.56%
2011 -0.76% -6.69%
2012 -0.58% -4.2%
2013 -0.83% -11.2%
2014 -1.05% -4.53%
2015 -1.5% -2.84%
2016 -1.77% -2%
2017 -1.61% 0.05%
2018 -1.64% 0.9%
2019 -4.48% 0.68%
2020 -5.22% -7.68%
2021 -3.2% -4.61%
2022 -2.83% -3.01%
2023 -3.82% -2.57%
2024 -4.11% -0.89%
2025 -5.47% -2.46%

Inflation comparison by year

Over the past 29 years, Iran has recorded an average annual inflation rate of 21.8%, compared with 3.92% in Slovenia. In 2024, inflation was 32.5% in Iran and 1.97% in Slovenia.

Inflation
Iran

Slovenia
Year Inflation
Iran Slovenia Iran Slovenia
1996 28.9% 9.86%
1997 17.3% 8.36%
1998 17.9% 7.89%
1999 20.1% 6.16%
2000 14.5% 8.91%
2001 11.3% 8.38%
2002 14.3% 7.48%
2003 16.5% 5.54%
2004 14.8% 3.59%
2005 13.4% 2.45%
2006 10% 2.46%
2007 17.3% 3.66%
2008 25.4% 5.65%
2009 13.6% 0.84%
2010 10.1% 1.8%
2011 26.3% 1.8%
2012 27.3% 2.6%
2013 36.6% 1.77%
2014 16.6% 0.2%
2015 12.5% -0.53%
2016 7.25% -0.05%
2017 8.04% 1.43%
2018 18% 1.74%
2019 39.9% 1.63%
2020 30.6% -0.05%
2021 43.4% 1.92%
2022 43.5% 8.83%
2023 44.6% 7.45%
2024 32.5% 1.97%

Top exports between countries

Iran
Export category Export value
Raw materials & minerals $1.33M
Metals $1.33M
Chemicals & pharma $369K
Raw agricultural goods $92K
Processed food, beverages & tobacco $50K
Machinery & equipment $21K
Textiles & consumer goods $10K
Slovenia
Export category Export value
Chemicals & pharma $36.6M
Machinery & equipment $4.07M
Metals $697K
Raw materials & minerals $614K
Processed food, beverages & tobacco $591K
Textiles & consumer goods $344K
Wood & paper products $211K
Raw agricultural goods $194K
Miscellaneous $1K

Balance of trade

Iran Slovenia
Current account balance
$12.5B
2000
$3.23B
2024
Current account balance ranking
23/189
2000
38/189
2024
Current account balance, % of GDP
+11.4%
2000
+4.46%
2024
Goods imports
$15.2B
2000
$45B
2024
Goods exports
$28.3B
2000
$45.6B
2024
Service imports
$2.3B
2000
$9.59B
2024
Service exports
$1.38B
2000
$13.5B
2024
Imports of goods and services, % of GDP
26.8%
2024
74.9%
2024
Exports of goods and services, % of GDP
22.9%
2024
81.5%
2024

Economic freedom indices

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

Iran Slovenia
Economic freedom 42.5 68.3
Economic freedom ranking 185/197 49/197
Property rights 23.3 88.4
Government integrity 16.3 64.4
Judicial effectiveness 18.6 91.8
Tax burden 81.3 56.6
Government spending 94 30.9
Fiscal health 84.1 72.2
Business freedom 38.4 78.5
Labor freedom 43.6 64.5
Monetary freedom 39 72.9
Trade freedom 55.8 79.6
Investment freedom 5 70
Financial freedom 10 50

Economic freedom by year comparison

The Economic Freedom Index for Iran is 42.5, ranking 185/197, compared to 68.3 for Slovenia, ranking 49/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Iran
Slovenia
Year Economic freedom index
Iran Slovenia
1996 36.1 50.4
1997 34.5 55.6
1998 36 60.7
1999 36.8 61.3
2000 36.1 58.3
2001 35.9 61.8
2002 36.4 57.8
2003 43.2 57.7
2004 42.8 59.2
2005 50.5 59.6
2006 45 61.9
2007 45 59.6
2008 45 60.2
2009 44.6 62.9
2010 43.4 64.7
2011 42.1 64.6
2012 42.3 62.9
2013 43.2 61.7
2014 40.3 62.7
2015 41.8 60.3
2016 43.5 60.6
2017 50.5 59.2
2018 50.9 64.8
2019 51.1 65.5
2020 49.2 67.8
2021 47.2 68.3
2022 42.4 70.5
2023 42.2 68.5
2024 41.2 65.9
2025 42.5 68.3

More economic indicators

Iran Slovenia
Services, % of GDP
47.9%
2024
58.2%
2024
Industry, % of GDP
36.4%
2024
28.8%
2024
Agriculture, forestry, and fishing, % of GDP
13%
2024
1.49%
2024
GNI, Atlas method
$426B
2024
$67.3B
2024
GNI per capita, PPP
$18,420
2024
$55,870
2024
Total reserves including gold
$7.69B
1982
$2.83B
2024
Total reserves ranking
85/177
1982
118/177
2024
Net foreign direct investment
-$39M
2000
-$551M
2024
Net inflows of foreign direct investment
$1.45B
2024
$1.95B
2024
Net outflows of foreign direct investment
$89.4M
2024
$1.4B
2024
Servicing debt to the IMF, % of GNI
0.09%
2023
n/a
Poverty at national poverty lines
18.7%
2020
12.7%
2022
Gross capital formation, % of GDP
40%
2024
21.2%
2024

GDP per capita map

GDP per capita

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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.